Nabors Reports Higher-Than-Expected Earnings
Nabors Industries Inc. on Thursday reported better-than-expected first-quarter earnings, propelled by a surge in demand for its drilling rig fleet and services.
Hyundai Heavy Premieres V-Max VLCC
South Korea's Hyundai Heavy Industries launched its first V-Max VLCC or very large crude carrier at its Ulsan shipyard on Thursday. The V-Max is designed with features…
Pegasus Ceases Definitive Agreement With Friede Goldman Halter
Friede Goldman Halter, Inc. reported today that it has been advised by Pegasus Partners II, L.P. (``Pegasus'') that Pegasus no longer intends to pursue a Definitive…
Far East Holidays Cripple Shipbrokers' Forecasts
The panamax market is clouded by the prospect of Far Eastern holidays in less than two weeks, shipbrokers said on Wednesday. Brokers are unwilling to give forecasts…
General Dynamics Posts 15 Percent Jump in 1Q Profits
General Dynamics Corp., builder of nuclear submarines, tanks and destroyers, on Wednesday posted a 15 percent jump in first-quarter profits driven by strength in…
SembCorp Lands Dual Rig Contract
SembCorp Marine Ltd, a subsidiary of SembCorp Industries Ltd said on Wednesday it had secured two rig contracts from Santa Fe International Corporation worth about $570 million.
Daewoo's Financials Come Full Circle
A flood of LNG carrier orders and dollar-denominated payments skewed towards delivery have helped South Korea's Daewoo shipyard, (now known as the world's second…
Crowley Launches Refurbishment of 25 Seagoing Tugs
Crowley Liner Services has launched a major refurbishment of 25 seagoing tugs to extend their lives at least another 15 years. These U.S.-flagged, Invader-Class vessels…
Proposed Regulations Regarding Source From Activities in Intl. Waters
The Internal Revenue Service (the "IRS") has issued proposed regulations under section 863 of the Internal Revenue Code of 1986, as amended (the "Code"), providing…
The New Knowledge Brokers?
Increasing commercial pressures and structural changes in the maritime industries call for new approaches to better ensure vessel and equipment quality and improved safety…
Finland: Cradle of Marine High-Tech
The Finnish maritime market continues to serve the high-tech, high-value end of the marine business with a plethora of engineered solutions and continually evolving marine technology.
Technology, Image Top Inland Agenda
The North American inland marine market is neither technologically archaic nor as environmentally hazardous as many individuals outside of the marine market may think.
Wärtsilä: Smokeless by Common Rail
There are two main ingredients to common rail fuel injection, one being the freedom to choose injection pressure and timing totally independently of the engine load.
Propulsion Report
On February 14, the world's largest high-speed ferry catamaran Stena Discovery took off from Belfast, after a planned drydocking, and about one hour out at sea on…
Dockwise Performs Timely Delivery of Shell's Brutus
On January 28, the motor vessel Mighty Servant 3 of heavy transport shipping specialist Dockwise, safely arrived at Corpus, Christi, Texas (after a seven-week voyage) carrying Shell's 14…
Clamp Supplier Dives into Project
Bluefin Robotics Corp. called on Clampco — a manufacturer of stainless steel T-bolt band clamps and V-band couplings — when it needed help "testing the waters."…
GLM Poised for A Strong 2001
Global Marine (GLM) is a holding company that provides offshore contract drilling services on a dayrate basis and offshore drilling management services on a dayrate or fixed-price basis.
Seacor Continues Rational Fleet Expansion
Seacor — through an unprecedented string of strategic and financially sound acquisitions — has emerged as one of the world's premier operators of a fleet of vessels…
A Leg Up on the Competition
To Tim Domke, the new M/V Dixie Legacy is much more than simply the largest, most advanced lift boat in the world. To Domke, the Dixie Legacy is personal, the culmination…
The FPU Market Is Primed To Produce
According to a study just completed by IMA, 121 floating production systems are in operation or available. This is an increase of approximately 90 percent over the…
