FGH Tries To Shed Petrodrill Contracts
Friede Goldman Halter filed with the bankruptcy court a motion to reject the two contracts for the construction of the two Amethyst offshore drilling rigs for Petrodrill.
Lamy To Back European Yard Subsidies
European Union Trade Commissioner Pascal Lamy said he would back government aid for European shipyards if the EU lodges a formal complaint against South Korean shipbuilders…
Kvaerner Up, Aker Sinks In Wake Of Board Battle
Shares in Kvaerner soared on Monday, while shares in rival Aker Maritime plummeted after Kvaerner came out the winner of last Friday's boardroom battle. Kvaerner…
ABS To Develop Brazil's Offshore Operational Safety Regulations
ABS Group Inc. was chosen by Brazil's Agência Nacional do Petróleo (ANP) to develop the country's "Operational Safety Regulation for Exploration and Production Operations."…
Cruise Vessel Act Cleared
The Senate Commerce Committee this week gave unanimous approval to S. 127, the United States Cruise Vessel Act. Senator John McCain, the sponsor of the legislation…
SOCP Meeting Scheduled For June
MarAd and the Ship Operations Cooperative Program (SOCP), will host a meeting on June 12-13 at Massachusetts Maritime Academy in Buzzards Bay, MA to consider issues…
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 launch of the 140-ft.
Renaissance Cruises Appoints Manfred Ursprunger As Chief Executive
Renaissance Cruises announced today that its board of directors has appointed Manfred Ursprunger as Chief Executive. Ursprunger joins Renaissance Cruises from Celebrity Cruises…
New High-Speed Ferries For NY Waterway
NY Waterway has ordered four new high-speed ferries from Allen Marine of Sitka, Alaska, and anticipates to have some of the new boats in service this year on new routes…
Iridium Signs Agreement With Sait Communications
Iridium Satellite LLC has signed a non-exclusive agreement with SAIT Communications S.A. top-tier service provider of the only truly global, truly mobile satellite…
Aker Proposes New Kvaerner Board
Aker Maritime, which wants wide-ranging link-ups with Kvaerner, proposed a new board for Kvaerner before a corporate showdown on Friday. Aker, the top shareholder in Kvaerner with 17.8 percent…
ANEK Lines Takes New Ship
Greek ferry operator ANEK Lines was scheduled to take delivery of the newly built Hellenic Spirit from Norwegian shipyard Fosen Mekaniske Verksteder A.S. The vessel…
Aframax Rates Are Collapsing
After more than a week of slow trading, Aframax tankers (70,000 tonners) are piling up in the Caribbean, sending rates crashing by over 35 cents per barrel in the last 48 hours…
GE Shipping Shares Rise
Shares of The Great Eastern Shipping Co. Ltd, India's largest privately-owned shipping company, rose as much as 7.2 percent in a flat market on Friday buoyed by a new share buy-back plan.
Navies Vow To Fight Piracy
In their fight against piracy in regional waters, the navies of both Singapore and Indonesia are intensifying patrols, Singapore's Shipping Times reported. Joint…
Norway's Caretaker Protects Precious Cargo
Imagine you're onboard a cruise ship and a fire breaks out and you realize that you are trapped in your stateroom — left to inhale the fatal smoke and gas wafting through the vents.
Meet Me in Oslo
Without a doubt, Oslo, Norway is one of the finest places a person would want to be during early June of any year. The nearly endless days, with light never quite conceding the sky to night…
Carnival's New Spirit
The latest testament to Finnish cruise ship building prowess is embodied in the recently delivered Carnival Spirit, a ship that will become well-known not only for what it contains within…
Size Matters
The bunker industry is changing. Bunker buyers want bigger stems, broader choice of grades, more delivery locations, higher standards, additional services, and consistency.
Barging Ahead
Barge operators are often accused of giving the marine fuels industry a bad name. While it is true that there are barging companies with a debatable approach to the business…
