Hanjin Heavy Receives Containership Orders
Hanjin Heavy Industries & Construction Co. received an order to build two container vessels from A.P. Moeller-Maersk A/S for $124m. The vessels will each carry 3,100 20-ft.
Guimaras Oil Spill Probe Begins
A 15-man member of the House Committee on Environment and Natural Resources in the Philippines is set to begin its three-day inquiry into the Guimaras oil spill…
Saigon Shipmarin to Build First Vessels for Export
The Saigon Shipbuilding and Maritime Industry Company (Saigon Shipmarin) signed a contract with Japan's Kanematsu Corp. to build two 6,500-tonne cargo vessels. These…
Crude Oil Prices Falls
Crude oil prices fell after reports indicated that a Caribbean tropical storm likely won't induce heavy damages like Hurricane Katrina, which ripped into Gulf of…
Interim Report for A.P. Møller - Mærsk A/S
A.P. Møller - Mærsk A/S recently released its 2006 Interim Report. The company’s half-year revenue is $29.9b, compared with $15.1b from 2005. Profit before depreciation, amortization, etc.
BV, Vietnam Register Team
International classification society Bureau Veritas recently teamed with Vietnam Register and entered into a long term cooperation agreement. BV and VR have agreed…
Singapore Holds Interagency Maritime Exercise
Four agencies have held the largest maritime exercise in Singapore. The aim was to guard against potential attacks along the Singapore Strait, and to secure the…
Cabot Oil to Sell Offshore, Louisiana Portfolio
Reuters has reported that Cabot Oil & Gas Corp. said it agreed to sell its offshore portfolio and south Louisiana properties, which include the Etouffee field, to Phoenix Exploration Co. LP for $340m.
Wärtsilä System Delivery for MPF
Wärtsilä was awarded a contract from MPF Corp. Ltd to deliver a total power system for a Multi-Purpose Floater. The MPF is planned to be completed and delivered from Dragados Offshore SA…
Cruise Ship Experiences Delays
According to AAP, Brisbane’s new cruise ship terminal has been plagued by problems on its opening day. The $750 million Portside Wharf and Brisbane Cruise Terminal…
Oil Continues to Leak from Solar 1
The team of Japanese experts who flew into the country to help assess the the damage caused by the sinking of the M/T Solar 1 and the resulting oil spill said oil…
Naval Coastal Warfare Squadron Deploys to Kuwait
By Mass Communication Specialist Cale T. Naval Coastal Warfare Squadron (NCWRON) 34 from Naval Coastal Warfare Group (NCWG) 1 deployed to Kuwait Aug. 22 and 24 to provide harbor and port security.
