Maersk to Sell Oil, Gas Exploration Licenses
Maersk Oil and Gas, a unit of Denmark's AP Moller-Maersk A/S will sell its exploration licenses in a number of countries and concentrate its activities in the Kerr McGee operations in the North Sea…
Stricken Ship in the English Channel Is Being Towed
Bloomberg reported that a container ship that ran into difficulties in the English Channel is now being towed to the French port of Le Havre, said an official from the company that hired it.
Report: KDB Sees Daewoo Sale
Daewoo Shipbuilding and Marine Engineering is expected to go up for sale in the second half of this year, once the firm swings to a solid operating profit in the first half…
President Lifts Ban on Bristol Bay Offshore Exploration and Drilling
The Bush administration recently announced that it has lifted a ban on offshore oil drilling in Bristol Bay, Alaska. The move is a shot in the arm for the Alaska oil and gas industry…
Gladding-Hearn Delivers Ferry for State Ferry Operator
Gladding-Hearn Shipbuilding, Duclos Corporation, has delivered Iyanough, a new 393 passenger, high-speed ferry, to the Woods Hole, Martha’s Vineyard and Nantucket Steamship Authority in Massachusetts.
Genco to Extend Charter for Handymax Vessel
Genco Shipping & Trading Limited announced it has reached an agreement in principle to extend the time charter for the Genco Marine, a 1996-built Handymax vessel…
Gulf Navigation Anticipates Expansion for 2007
Gulf Navigation Holding PJSC has set its sights on a capacity expansion of close to 30 percent in 2007. After the acquisition of six double hulled product tankers at the end of last year…
Østensjø Vessels Get VSPs
Two Platform Supply Vessels (PSVs) and one multi-functional Offshore Vessel (OSV) with Voith Schneider Propellers will enter service in the North Sea over the next two years.
Wärtsilä Seals and Bearings cover 90% of SWS Newbuilds
Wärtsilä is supplying air/oil lubricated sterntube seals and bearings to Chinese shipyard Shanghai Waigaoqiao Shipbuilding (SWS) for a series of new tankers under…
Superior Acquires Warrior Energy
Superior Energy Services Inc. completed the acquisition of Warrior Energy Services Corporation, a natural gas and oil well services company. Under the agreement…
Two Barges Remain on Ohio River
New information from the Coast Guard about two barges still unsecured after four got loose on the Ohio River Tuesday. One barge is still stuck at the McAlpine Dam.
VT Sells off Software Division
Support services and shipbuilding company VT Group has sold its software subsidiary VT Software Solutions to Civica Plc for $5.8m. Software Solutions was acquired…
China Shipbuilding Sees Higher Profits
The state-run China Shipbuilding Corp announced its goal this year of increasing annual operating income to $744m and the total tonnage of ships built from 120,000 to 180,000.
Primorsk to Build Gas Carrier
The Primorsk Shipping Corporation (PRISCO), as part of the MOL/K Line/PRISCO consortium, has started building a carrier vessel to transport liquefied natural gas…
Bon Takes Helm as President of Samson
Samson announced the appointment of Tony Bon to serve as the company’s president. His background and experience are well suited to his new role with the company…
U.S. Navy Transfers Trenton to Indian Navy
The amphibious transport dock ship USS Trenton (LPD 14), was decommissioned Jan. 17 in a ceremony at Naval Station Norfolk. Immediately following the decommissioning…
Boxer Replenishment Demonstrates 1,000-Ship Navy"Concept
USS Boxer (LHD 4) conducted an underway replenishment with the Royal Fleet Auxiliary support tanker HMS Bayleaf (A109) Jan. 10, while performing Maritime Security Operations (MSO) in the Persian Gulf.
Patrol Ships, Naval Academy Conduct Boarding Training
A Visit, Board, Search and Seizure (VBSS) Sailor assigned to coastal patrol ship USS Hurricane (PC 3) conducts an initial security sweep aboard Yard Patrol Craft…