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.
KDB to Unveil Daewoo Sale Plan in 2007
Reuters reported that Korea Development Bank (KDB), a top shareholder in Daewoo Shipbuilding and Marine Engineering Co. Ltd. , will announce in early 2007 a plan to sell the world's No.
FAU Receives $2m ONR Grant to Design and Build Prototype
Florida Atlantic University's SeaTech - Institute for Ocean and Systems Engineering in Dania Beach, which is part of the College of Engineering and Computer Science…
New Royal Australian Navy Patrol Boats Named
The Naming Ceremony for the eighth and ninth Armidale Class Patrol Boats to be launched was held at the Austal shipyard in Henderson, Western Australia. Fourteen…
Tasmanian Ferry Docks for Final Time
The Spirit of Tasmania III has docked in Devonport for the final time. The Sydney-to-Devonport ferry made a low-key entrance to northern Tasmania on Monday, almost…
DryShips Up on Vessel Buy
AP reported that shares of DryShips Inc. jumped on Friday, after the company said it was buying a Panamax carrier, expanding its fleet to 34 dry-bulk vessels, and…
Odyssea Marine Releases Information on Vessel Fire
On August 11, the M/V Odyssea Voyager, a 195-ft. dive support vessel owned by Odyssea Marine, Inc., and operated by Odyssea’s North Bank Towing Division, was severely…
Euronav Buys Newbuilding Suezmaxes
Euronav NV has signed a contract to acquire the resale of two double-hull 159,000 dwt Suezmaxes under construction at Samsung Heavy Industries (Samsung), Koje Island…
Libya Acquires New Tankers
Libya Wednesday took delivery of three new oil tankers at its port hosting the Refining Company in Zaouia, as part of ceremonies marking the 37th anniversary of…
Malaysia to Strengthen Shipbuilding, Repair Sector
According to reports, aimed at stemming the outflow of capital for the acquisition of marine transport products, especially ships, the Malaysian Government will…
Navy to Commission Submarine Texas
Sailors stationed aboard the Pre Commissioning Unit (PCU) Texas (SSN 775) stands topside as she gets underway from Naval Station Norfolk. Texas is the second Virginia…
PHA Commission Considers $9.9m Share of Dredging Project
The Port Commission of The Portof Houston Authority will consider funding a $9.9m share of a Houston Ship Channel dredging and maintenance project and several other…
