Evergreen Group Chairman Honored
Evergreen Group Chairman Dr. Foreign Affairs, Karel De Gucht. d'Egmont in Brussels. The award for Dr. contributions and innovations in international transportation and trade.
Air emissions update
In 1997, the IMO adopted the initial version of Annex VI to the International Convention for the Prevention of Pollution from Ships (MARPOL). This Annex is entitled “Regulations for the Prevention of Air Pollution from Ships”. It addresses ozone-depleting substances, nitrogen oxides, sulfur oxides, volatile organic compounds, and shipboard incineration, among other things. While acknowledged as comprehensive…
Offshore Drilling Spends Surges
High oil prices will drive oil & gas industry spends on offshore drilling to a total of $380b over the five year period to 2012; a rise of nearly 60% in comparison…
New contracts for Dockwise
Dockwise Ltd. announced that three new contracts have been awarded to their subsidiaries Dockwise Shipping and ODL for the transportation of a semi submersible drilling rig…
Star Bulk to Change Accounting Policy for Drydocking Costs
Star Bulk Carriers Corp. announced that starting with its fiscal first quarter ended March 31, 2008, it has elected to change its policy for accounting for vessel…
This Day in Naval History - May 14
1801 - Tripoli declares war against the United States. 1836 - U.S. scientific expedition overseas. 1845 - First U.S. warship visits Vietnam. 1975 - Marines recapture Mayaguez…
ASA and OMSA Establish Affiliate Membership
The American Salvage Association (ASA) and the Offshore Marine Service Association (OMSA) have agreed to establish a reciprocal Affiliate Membership relationship.
USS Carr Trains with Local Coast Guard, Builds Relationships
Sailors from USS Carr (FFG 52) completed theater security cooperation events and training to improve interoperability with the Barbados Coast Guard during a four day visit to Barbados, May 4-7. The Barbados Coast Guard has recently increased its forces and conducted more training in an effort to counter narcotic-drug trafficking. Part of that training involved Carr Sailors training the Barbados Coast Guard on U.S. Navy visit, board, search and seizure (VBSS) tactics. Lt.
USCG Identification Documents for Foreign Crewmembers
The US Coast Guard proposes to require each crewmember on a foreign commercial vessel en route to a US port or place or at a US port or place and each crewmember…
Varun Shipping to Invest $300m
Varun Shipping reportedly will invest $300m to buy at least four new vessels in the offshore segment this year, according to a Reuters report. Varun is positioning…
McDermott Profit Falls 22%
Revenue increased 6 percent to $1.45b from $1.36b a year earlier, as higher offshore oil and gas construction and government revenue offset lower power generation systems revenue.
USN Repair Funds Awarded
BAE Systems Norfolk Ship Repair, Norfolk, Va., is being awarded a $5,818,376 modification to previously awarded contract (N00024-05-C-4403) for exercising an option…
NOL 1Q Profit Up 183%
Neptune Orient Lines (NOL) reported a net profit for the first quarter of 2008 (1Q08) of $121 million, a rise of 183% over the same period of 2007 (1Q07). 1Q08 EBIT was $137 million, up 114% on the prior year. Revenue rose year-on-year by 27% to $2.41 billion. “Our increased revenue clearly shows our Group is well positioned in a growth industry. At a time of economic uncertainty and unprecedented fuel costs…
