Warship Propulsion Tests Proceed at Alstom
Lord Bach of Lutterworth, Minister for Defense Procurement for the U.K., visited ALSTOM Power Conversion last week to review the company’s progress on two major defense related projects.
$126M Newbuild Contract Now Effective
Keppel FELS Limited announced that its rigbuilding contract with the Skeie Group AS has come into effect on February 16, 2004. The $126 million contract, announced on January 20…
Europe’s GALILEO Project Lifts Off
The European Commission adopted a communication on progress on the GALILEO program. Less than two years after the launch of the project in March 2002 and less than…
Belships 4Q Results
Belships fourth quarter operating income was $18.98, versus $7.8 million in 4Q 2002. The company's operating result totaled $4.2m. The operating income and operating…
Hafslund Hires Holten
Hafslund ASA has hired Ingeborg Aass Holten (42) in the role as Senior Vice President Organizational Development. Holten will be part of Hafslund ASA's Executive…
Cargo Ship, OSV Collide, 5 Missing
On Saturday U.S. Coast Guard crews were searching for five people missing after a vessel collison in the Southwest Pass of the Mississippi River near Venice, La. The upriver-bound 534-ft.
World’s Largest Dry Transport Vessel Delivered
Heavy transport shipping company Dockwise Shipping B.V. took delivery of the M/V Blue Marlin after her conversion into the world's largest semi-submersible heavy…
Stolt Offshore Closes ROV Sale for $48M
Stolt Offshore S.A. said that, further to the announcement on December 3, 2003, it had closed the sale of its ROV drill support business to Oceaneering International, Inc. for $48 million.
The China Factor
In recent weeks, we have examined various aspects of Chinese shipping developments and we make no apology for reporting a recent New York conference at which China was again the key focus.
AAPA Backs IMO Ballast Water Decision
A landmark decision by the International Maritime Organization (IMO) for new regulations to curtail the spread of harmful aquatic species carried in ships’ ballast…
Human Factor is Key to Safety
Parliament's Temporary Committee on Safety at Sea was told that the EU's response to recent maritime disasters had missed the key point - the human factor. Eduardo Chagas…
ADEC Reports on Cruise Wastewater
The Alaska Department of Environmental Conservation (ADEC) released its Assessment of Cruise Ship and Ferry Wastewater Impacts in Alaska. The report indicates that…
Charleston Amends Security Surcharge
The South Carolina Ports Authority (SCPA) amended its tariff for the Port of Charleston to add a Terminal Security Surcharge of $1.00 per lineal foot for ships and…
Companies Indicted for Ocean Dumping
Shashank Pendse, a citizen of India and Chief Engineer on the ship M/V Spring Drake; MMS Co., Ltd, a Japanese company that manages the ship; and Grus Line Shipping S.A.…
Tank Vessel Construction Assistance Program Launched
The Maritime Administration (MARAD) is soliciting competitive proposals for construction in the United States of new product tank vessels necessary to meet commercial…
Stolt-Nielsen S.A. Sells 2 Million Shares in Stolt Offshore
Stolt-Nielsen S.A. sold two million shares of Stolt Offshore S.A. (SOSA). The shares were sold at the market price of 24 Norwegian Kroner per share (approximately…
Rolls-Royce Gas Turbine Get Certification
The Rolls-Royce MT30 marine gas turbine has completed a major development milestone, receiving certification from a leading verification agency. The gas turbine…
CP Releases Note Pricing Details
CP Ships Limited reached agreement with initial purchasers to issue $175 million of 4% convertible senior subordinated notes due 2024. CP Ships has also offered…
HOS Reports 4Q Results
Hornbeck Offshore Services, Inc. said that revenues for the quarter ended December 31, 2003 increased 11.5 percent to $29.2 million compared to $26.2 million for the same quarter in 2002.
Conrad Reports 4Q, Full Year Results
Conrad Industries, Inc. reported a net loss of $5 million and loss per diluted share of $0.68 for the three months ended December 31, 2003 compared to a net loss of $499…
