Production on Solar-powered Gas Platform Begins
The world's first gas platform powered solely by wind and solar energy has begun production, in a breakthrough for the offshore industry in low-cost exploitation of marginal fields.
CNOOC to Invest $12B in Gas, Oil Exploration
The China National Offshore Oil Corporation (CNOOC) will invest $12.5b in gas and oil exploration in the next five years, CRI reported. By 2010, more than 50 new…
Vietnam to Build First Tanker
The tanker, named Dung Quat No 1 is scheduled for launch in 2007, the VietNamNet Bridge reported. The Infrastructure Development and Construction Corporation (Licogi)…
Q1 Shipbuilding Orders Hit Record High
According to Chosun Ilbo, Korea's new shipbuilding orders during the first quarter of the year amounted to $12bi, a record high. The orders account for 136 ships or a total volume of 4.9 million CGT…
Passenger Missing after Indonesian Ferry Sinking
All but one person on an Indonesian ferry that sank in eastern Indonesian waters are safe, ABC Online reported. The ferry had 66 people onboard- 60 passengers and six crewmembers.
Study: LNG Explosion Would Not Reach Land
A catastrophic release of liquefied natural gas from a terminal proposed off the Ventura County coast could spread a powerful and spectacular fireball over several miles…
Cruise Vessel Drifts Away
On April 16, a cruise ship known as The Spirit of Perth Amboy was untied and drifted about a mile from the Carteret dock into the Arthur Kill where it had become stuck in the mud near Staten Island.
Lockheed Martin Wins $17.4M Contract
Lockheed Martin Corp. won a $17.4 million contract from the Navy to support a program that oversees all technical products for submarine combat systems. Under the contract…
SCI to Buy 76 Ships for $3.3B
Shipping Corp. of India Ltd. plans to buy 76 vessels for about $3.3b over the next six years, The Financial Express reported. This is the first major fleet acquisition…
MISC Orders New Tankers
Malaysian shipper MISC Bhd. confirmed an order for four chemical tankers from South Korea's STX Shipbuilding Co. Ltd. No pricing details were released, but it is said that the tankers were of 38…
Australia Issues Notice on Piracy
The Australian Maritime Safety Authority (AMSA) issued a Notice advising owners, operators, masters, and crew of the latest guidance from the IMO on preventing…
ODU to Offer Undergraduate Major in Maritime Managment
Old Dominion University will offer a new undergraduate major in maritime and supply chain management in the fall of 2006. The major will be the first of its kind in Virginia…
Transocean Awarded Contract
Transocean Inc. announced that a subsidiary of Eni has awarded an estimated six-month contract for the semisubmersible rig Transocean Legend for drilling operations offshore Indonesia.
Hatsu to Launch Transatlantic Service
Hatsu Marine Limited is to launch a new service in June linking North Europe with the U.S. East Coast and the Gulf of Mexico. The service, provided in partnership…
Honolulu Says Farewell to Namesake Submarine
Hawaii Sen. Daniel Inouye, Lt. Gov. James Aiona, and Pacific Fleet Commander Adm. Gary Roughead joined past and current crew members of USS Honolulu (SSN 718) to…
Surface Strike Group Makes Surge Deployment
More than 700 Sailors on two surface ships “surged” April 18 as part of the Global War on Terrorism Surface Strike Group (GWOT SSG) 06-2 from their homeports in Norfolk, Va. and Mayport, Fla.
DryShips Takes Delivery of Vessel
DryShips Inc. has taken delivery of m.v. Hille Oldendorff a 2005 built, 55,566 deadweight ton, or dwt, handymax drybulk carrier which it acquired recently. m.v.
South Korea Shipyards Fear Hull Blocks Shortage
Shipyards in South Korea are worried about a shortage of hull blocks as demand from Japan grows and local block manufacturers convert to shipyards, Korea Times reported.
U.S. Navy Aims to Cut Sub Costs
The U.S. Navy has begun an effort to redesign the forward sections of future SSN 774 Virginia-class submarines — one of several moves the service hopes can shrink the ships’ $2.4 b price tag.
MBC To Receive New Tanker
Malaysian Bulk Carriers Bhd (MBC) expects the first of its four new medium-range tankers to be delivered next month, with the balance to be delivered in 2007. With…
