Aker and OSG Announce Agreement for up to Six More Tankers
Aker American Shipping ASA and Overseas Shipholding Group, Inc. initial terms of 10-15 years. $700M (before profit sharing) reflecting the higher rates and longer terms.
House Committee Approves Air Emissions Bill
The House Committee on Transportation and Infrastructure said that it approved a number of bills, including H.R. 802, which, if enacted, will implement for the United…
Coast Guard Concludes Public Hearing for Tug Valour
The Coast Guard has concluded it final public hearing this afternoon regarding the sinking of the tug Valour, a 125-foot tug that sank approximately 40-miles east of Wilmington, N.C. Jan. 18, 2006.
BAE Systems To Transfer Technology On Frigate Project
BAE Systems will be transferring technology to Labuan Shipyard and Engineering (LSE) in building two frigates for the Royal Malaysian Navy. The MoU was signed by…
O'Malley Asks Feds to Deny Sparrows Point LNG project
Gov. Martin O'Malley urged the federal government Wednesday to deny a proposal from AES Corp. to build a liquefied natural gas facility on Sparrows Point. The Arlington…
Cyprus Ready to Accept Bids for 11 LNG Exploration Blocks
Cyprus is ready to launch its first international offshore bidding round for 11 southern exploration blocks for liquefied natural gas (LNG) next week, despite Turkey’s…
1,000-Ship Navy Discussed at West 2007
While meeting at the Western Conference Exposition (West 2007) here Jan. 31 to discuss future shipbuilding options, senior Department of the Navy officials also…
ExxonMobil Signs EPSA IV Agreement for Exploration
Exxon Mobil Corporation confirmed that its subsidiary, ExxonMobil Libya Limited, has signed an Exploration and Production Sharing Agreement (EPSA) with Libya’s National…
Carnival in Deal to Expand in Spain
Carnival Corporation & plc and Orizonia Corporación, Spain’s largest travel company which operates its own cruise fleet under its Iberojet division, announced the…
ECO Expands Aggressive Newbuild Campaign
Edison Chouest Offshore (ECO) announced plans to build several new anchor handling towing supply vessels (AHTS), as well as more than a dozen new generation 280-ft.
OSG to Build More Tankers
Overseas Shipholding Group, Inc. (OSG), signed an agreement in principle pursuant to which Aker Philadelphia Shipyard, a subsidiary of Aker American Shipping ASA…