Ship Finance Buys $185M Oil Rig
Bermuda-based Ship Finance International Ltd. agreed to buy an oil rig for $185 million from Sweden-based Consafe Offshore AB and lease it back to the offshore oil and gas company for 30 years.
Petrobras to Unveil Offshore Oil, Gas Plan
Petrobras plans to announce oil and natural gas exploration and production plans for the Santos Basin today in Santos, Brazil, home to Latin America's largest port.
APL Panama Remains Aground
Salvage crews from Florida-based Titan Maritime LLC launched their greatest effort yet to float the 880-foot APL Panama, taking advantage of lunar high tides, a…
Delta Scientific Barriers to Protect Sydney Harbor
Delta Scientific announced that its anti-terrorist barriers are now protecting the international cruise ship terminal at the Port of Sydney Harbor in Australia.
Dubai Drydocks’ $60M Yard to Open July
Dubai Drydocks will launch its $60 million new building panel line and steel structure assembly facility in July. The yard, whose current shipbuilding facility has a monthly turnover of 2…
Vinashin Sees $493M Turnover in 2005
The Viet Nam Shipbuilding Industry Corporation (Vinashin) generated a turnover of $493 million last year, marking a 41 percent jump over 2004 revenue. Last year…
China Ranked 3rd with 12 Million DWT in 2005
China’s shipbuilding capacities have reached 12 million dead weight tonnages (DWT) in 2005, up 36 percent year-on-year, to be ranked third largest worldwide, according…
FHT Awarded Amenam Contract
Rotterdam based Fairmount Heavy Transport (FHT) NV has been awarded the contract by Saibos Akogep SNC to transport and install the AMP2 Topside for Total. Due to contractual requirements…
Hawaiian Companies Win Navy Contract
C&S Services Inc., Waipahu, Hawaii; Marisco, Ltd., Kapolei, Hawaii; Pacific Shipyard International, LLC, Honolulu, Hawaii; Propulsion Controls Engineering Hawaii, Aiea, Hawaii; Q.E.D.
Navy Plans Call for 51 New Ships by 2011
A draft of the Navy's five-year construction program calls for the continued building of one Virginia-class submarine a year, despite pressure from Connecticut's…
CNO: Sea Power Too Narrowly Defined, Navy to Expand Missions
Chief of Naval Operations (CNO), Adm. Mike Mullen, addressed members of the Surface Navy Association (SNA) Jan. 10 at their 18th Annual National Symposium held at the Hyatt Regency in Arlington, Va.
Alaska Makes Ruling on Ferry Case
The Supreme Court of the State of Alaska ruled that the state has jurisdiction over crimes committed on board an Alaska state ferry, even though the ferry was located…
Panama Canal Issues December Summary
The Panama Canal Authority issued an Advisory summarizing its operations for December 2005. Among other things, it reports that a new tie-up station has opened on the east side of Culebra Cut.
CSIC Builds 3.17M Tons of Ships in 2005
The China Shipbuilding Industry Corp.(CSIC) built 3.17 million tons of new ships in 2005, up 47 percent. In 2005, the CSIC received 3.73 million tons of new orders…
Brazil's Nuclep to Make Wärtsilä Engines
Wärtsilä said in a statement Wednesday it had signed a marine engine license manufacturing deal with Brazil's Nuclebrás Equipamentos Pesados (Nuclep). Nuclep is to make six to ten common-rail…
Northrop Grumman to Integrate Mission Package on LCS
The U.S. Navy has awarded Northrop Grumman a cost plus award fee/award term contract with a potential dollar value of $159 million to integrate mission packages…
Fairmount Heavy Transport Awarded Amenam Contract
Rotterdam based Fairmount Heavy Transport NV has been awarded the contract by Saibos Akogep SNC to transport and install the AMP2 Topside for Total. The scope of…
SembCorp Marine to Expand Business in China
According to reports, SembCorp Marine will invest $27.8M over two years to grow its ship repair and ship conversion business in China. It is investing that money into Cosco Shipyard Group.
Adanis to Build Ships
Reports indicate that the Adani Group is to announce a joint venture agreement for shipbuilding soon. It is said the group will invest in the new business and that it was in talks with European…
This Day In Naval History - Jan. 12
1813 - U.S. frigate Chesapeake captures the British warship Volunteer. 1848 - Sloop Lexington attacked in San Blas, Mexico. 1953 - Aircraft landings are tested aboard USS Antietam (CVS 36)…
