House OKs Spending
On May 1, 2002, the House Armed Services Committee reported H.R. 4546 out of committee on a bipartisan 57 to 1 vote. The bill authorizes $383.4 billion for the “core”…
ExxonMobil Begins Construction of Project Offshore
Exxon Mobil Corporation has announced that its subsidiary, Mobil Equatorial Guinea, Inc. (MEGI), has awarded contracts and started construction to expand current production of the Zafiro field…
Carnival’s Glory Will Be Newest and Largest in Port
that port July 19, 2003. over the 2,124-passenger Carnival Pride, which debuted the line's first seven-day cruise schedule from Port Canaveral earlier this year.
GD to Purchase Advanced Technical Products
General Dynamics and Advanced Technical Products, Inc. today entered into a definitive agreement for General Dynamics to acquire all 5.89 million outstanding shares…
Conoco Leading the Way for Gulf of Mexico Shuttle Tankers
Seahorse Shuttling and Technology LLC, a wholly owned entity of Conoco, has completed the functional design of a new tanker for shuttling crude oil from the deepwater Gulf of Mexico to shore.
Celebrity’s Constellation Returns to Shipyard
Celebrity Cruises' next ship delivery, Constellation, is returning to the builders' French shipyard, following sea trials, to correct a leak in its starboard propulsion pod.
Husky Energy Increases Production
Husky Energy Inc. reported net earnings of $126 million ($0.29 per share) in the first quarter of 2002, compared with $192 million ($0.42 per share) in the same quarter of 2001.
Farstad Gets Contract for Platform Supply Vessel
P/R International Offshore Services ANS (IOS), a company owned 50 percent by Farstad Shipping ASA and 50 percent by P&O, Australia, has signed a contract with…
NMEA Introduces New Installation Standards
The National Marine Electronics Association (NMEA) introduced a stanrdized methodology clarifying and outlining the appropriate standards for installing marine electronics equipment…
SHI Secures Order For FPSO
SHI received an order for a floating production storage and offloading (FPSO) facility worth US$140 million from Husky Oil Operations Ltd. of Canada on the 31st.
Bristol Harbor Will Modify Tug
Bristol Harbor Marine Design (BHMD) was recently awarded the contract from Blount/Barker Shipbuilding, of Warren R.I., to modify the design of an 85 ft. tug. The new tug is based on an 85 ft.
TRW Selected to Perform Port Vulnerability Assessments
The U.S. Department of Transportation has selected TRW Inc. to assess the vulnerability of the nation's most critical commercial and military seaports, under a 5-year contract worth up to $31 million.
RSPA Proposes Security Requirements HAZMAT Shipments
The Research and Special Programs Administration (RSPA) of the U.S. (NPRM) proposing new requirements to enhance security of hazardous material (HAZMAT) transported in commerce.
Trailer Bridge Reports First Quarter Results
Trailer Bridge, Inc. reported financial results for the first quarter ended March 31, 2002 highlighted by a significantly narrowed net loss, operating profits in…
Coast Guard and INS: Moving Ahead on Port Security
Port security concerns are already resulting in crewmembers and caro being denied entry to U.S. ports. Even before Congress enacts a port security bill, Coast Guard…
ITT Awarded $9.5M Deal
Protection Initiative. shipboard and/or airborne applications. in Alexandria, Va., and is be completed by February 2003. of the current fiscal year. one offer received.
Put it in writing, warns ITIC
Intermediaries Club (ITIC) in its latest Claims Review. units to be transported by his principal's service to Panama. underdeck stowage for the switchgear, he failed to confirm this in writing.
