Greasing the Skids
Record gas prices, OPEC solidarity and a U.S. administration doling out incentives for exploration and production all add up to good news for those companies conducting…
Frozen Gas Market Heats Up
While seemingly miniscule in terms of deadweight tons ordered and delivered per year as compared to the shipbuilding business as a whole, the production of gas tankers…
Strong Market Continues
In 2000, VLCCs obtained $53,000 per day, up from less than $20,000 in 1999. Old VLCCs reached $33,000 per day compared with only $11,000 in 1999. The freight market…
Shipbuilding Prices Firm Up
International shipbuilders enjoyed a healthy year, with the main contributors being tankers and container vessels. Following upon these ordering activities, R.S.
Separatist Group Had Planned to Bomb British-Bound Car Ferry
The Basque separatist group ETA planned to set off a car bomb aboard British-bound ferry Val de Loire, but the activists in charge of the attack were reportedly captured by Spanish police last week.
Softship Issues IPO At $3.42 Per Share
German software company Softship will issue shares in its initial public offering at $3.42 per share, below the company's $4.50-$5.35 bookbuilding range, the lead underwriter said on Tuesday.
Tanker Market To Hit Record-Breaking Lows
The tanker market is fast approaching record lows, with little prospect of recovery this summer, brokers said on Tuesday. "It's back to the bad old days," said one London broker.
Future Requirements for Shuttle Tankers in the Gulf
Ultra-deepwater plays in the Gulf of Mexico offer vast potential for oil and gas production. There are now more than 1,650 active leases in the Gulf of Mexico in water depths exceeding 5,000 ft.
SeaStreak Launches New High-Speed Catamaran
SeaStreak America, Inc., a wholly-owned subsidiary of Sea Containers Limited, added another catamaran ferry to its service in the New York market with the May 3, 2001 launch of the 140-ft.
No Leg Left to Stand On -- An Obituary for MarAd?
Unless things change dramatically, I am writing as the last Deputy Administrator of the Maritime Administration (MarAd). At least the MarAd we have known, sometimes loved…
U.S. Shipbuilding Industry: A Bright Future Tempered with Challenges
Not since the heady days of the late 1970s has the outlook for shipbuilding in U.S. yards looked brighter, but that outlook is tempered somewhat by the threat of…
Camacho Returns to His Roots
December 7, 1941, "A day that will live in infamy," is undoubtedly a defining moment in U.S. history. The day the Japanese bombed Pearl Harbor is again in the public…
Nordic Empress Guests Flown To New York
Following a brief fire in the main engine room of Royal Caribbean International's Nordic Empress late Friday that necessitated the ship's return to Bermuda, nearly all of the ship's 1…
Silver Whisper Is Christened In Genoa, Italy
Silversea Cruises, today welcomed the 382-passenger, 28,258 grt Silver Whisper into its fleet. Following the time honored tradition of blessing and christening a ship…
FGH Signs Master Shipyard Agreement With Noble Drilling
Friede Goldman Offshore, Inc., the rig segment of Friede Goldman Halter, Inc. and Noble Drilling (U.S.), Inc. have signed a Master Shipyard Agreement, which will cover all repairs…
SembCorp Brazil Wins $149M Offshore Contract
SembCorp Marine Ltd.'s Brazilian joint venture had secured its first contract, worth $149 million, for the fabrication of topside production modules in offshore Brazil.
Bergesen Sells Tankers
Bergesen has entered an agreement with Tankers International to sell two tankers for a total $156 million. Bergesen would deliver tankers Berge Ichiban and Berge Tokyo…
NOL To Raise $300M
Singapore's Neptune Orient Lines Ltd. launched an issue of seven-year notes totaling $300 million after setting up a $1 billion medium-term note (MTN) program for up to 10 years.
Fire Cuts Cruise Short
A fire broke out in the engine room of a cruise ship with nearly 1,600 passengers on board after it left Bermuda for New York, but the fire was quickly extinguished and no one was hurt…
Bangladesh Gets Fifth Frigate
The Bangladesh Navy's fifth frigate, built at a cost of $100 million, arrived at the Chittagong naval port on Saturday. The frigate, 339-ft. (103.5 ,) long, is named…
