BP Chief: Bush Plan Will Not Spur More E&P
BP Plc Chief Executive Sir John Browne described President George W. Bush's energy plan as "comprehensive" but said it would not make crude oil any cheaper and would not spur BP to step up its U.S.
UAE To Ban Bad Vessels
The United Arab Emirates will soon implement a ban on vessels carrying the flags of certain countries from entering its territorial waters. The decision follows…
Container Vessel Sold For $11.8M
Keppel Telecommunications and Transportation Ltd. sold a container vessel for $11.8 million to Turkish buyers. The MV Kimanis is a 923-TEU built in 1993 and was…
Global Marine SCORE Up 7.2%
Global Marine reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for April 2001 increased by 7.2 percent over the previous month's SCORE…
BIDCO Acquires A.J. Brothers Marine Construction
On April 26 Buffalo Industrial Diving Company, Inc. (BIDCO) of Buffalo, N.Y., completed its acquisition of A.J. Brothers Marine Construction, Inc. a fixture in the…
Air-Craft Carrier Stennis is Hollywood-Bound
The nuclear-powered aircraft carrier John C. Stennis is the star of Monday's world premiere of the $135 million epic movie, "Pearl Harbor," the story of America's…
NOAA: Atlantic to Experience Mediocre Hurricane Season
U.S. government weather experts on Monday predicted an average hurricane season in the Atlantic Ocean this year, with five to seven hurricanes expected to threaten homes…
Northrop Grumman Complies With Antitrust Regarding NNS Purchase
Defense contractor Northrop Grumman Corp. on Monday said it notified the U.S. Department of Justice and the Federal Trade Commission of its intent to acquire Newport News Shipbuilding Inc.
Moody's Declares Negativity at Stena AB
Moody's Investors Service today confirmed the Ba3 rating for senior notes of Stena AB ("Stena") and changed the outlook for its ratings to negative from stable.
Atlantic Panamax Rates Ease, Pacific Reports Losses
Panamax freight rates in the Atlantic have eased with little business to report and a similar situation in the Pacific has led to losses on the Baltic Panamax Indec, brokers said on Monday.
Chiles Offshore Signs Notice of Award for Rig Under Construction
Chiles Offshore Inc. today announced that it has executed a Notice of Award for a long-term contract by an affiliate of Phillips Petroleum for its ultra-premium…
Carnival To Sell Airtours Stake
Shares in Britain's largest package tour operator Airtours Plc fell by as much as eight percent on Monday after Carnival Corp said it would sell its 25 percent stake in the company.
Tanker Rates Collapse At Week End
Tanker rates collapsed towards the end of last week as owners rushed to fix cargoes and move their Very-Large-Crude-Carriers (VLCCs) away from the Mideast Gulf where…
Freighter Into Bremen For Repairs
The Norwegian International Register freighter Lysfoss sailed from Belfast on May 20, bound for Bremen to carry out repairs, Reuters reported. The 3,728-dwt freighter was being escorted by a tug.
OOCL Orders Three Containerships
Canada Maritime and Orient Overseas Container Line (OOCL) have contracted Daewoo Shipbuilding and Heavy Machinery to build three containerships. The orders are the…
Flender Werft Books Three More Contracts
Three shipbuilding contracts exceeding 400 million DM became effective last week at Lübeck, Germany based Flender Werft. The contracts include a RoRo passenger ferry…
Flender Werft Books Three More Contracts
Three shipbuilding contracts exceeding 400 million DM became effective last week at Lübeck, Germany based Flender Werft. The contracts include a RoRo passenger ferry…
Petrobras Shuts Down 13 Rigs For Leak Check
Brazil's state oil giant Petrobras halted output at 13 offshore rigs on Thursday in the Campos basin to check for leaks after an oil slick appeared on the ocean surface in the area.
GLM's Rose: Dayrates To Hit 3-Year Highs
Global Marine Inc. Chief Executive Bob Rose expects daily rental rates, or dayrates, for offshore oil and gas drilling rigs to surpass their highs of three years ago in 2001.
Statoil Refuses Russian Fuel Oil Cargo
Norwegian state oil and gas company Statoil rejected a Russian fuel oil cargo that breached hydrogen sulphide limits, a toxic gas, currently anchored in Rotterdam.
