Varna Shipyard Could Be Up By July
Cammell Laird said Bulgaria's dormant, state-controlled Varna shipyard could be up and running again by July if its bid for the indebted yard is approved by Bulgarian courts.
As Mississippi Rises, Locks Close
River locks around St. Paul and Minneapolis, Minn. were expected to close on Tuesday due to rising water conditions, further delaying the latest tow arrival to St. Paul in the last 30 years.
Moody's Downgrades ACL
Moody's Investors Service downgraded the ratings of American Commercial Lines LLC's $535 million senior secured bank facility to B1 from Ba2 and the $300 million…
Budget Proposal Raises Transport Spending
Overall federal transportation spending would rise by 1.5 percent to $61.93 billion in the coming fiscal year under the White House budget proposal submitted to Congress.
Seacor's Fabrikant Earns 140% Bonus Boost
Seacor Smit Inc. raised its CEO's bonus 140 percent last year as the provider of offshore marine services to the oil and gas industry reported higher revenue and net income.
MMA To Host Fishing, Ferry Industry Event
The Ship Operations Cooperative Program (SOCP) invites the maritime industry to attend the next SOCP meeting on June 12-13, 2001 at Massachusetts Maritime Academy in Buzzards Bay, Massachusetts.
STN Atlas Lands $2.5 Million Norwegian Contract
Bremen-based STN Atlas Elektronik has been awarded a contract worth $2.5 million by the Norwegian National Coastal Administration for design and installation of…
Tesoro Promotes Three
Tesoro Petroleum Corporation today announced the following management promotions: Greg Wright, senior vice president and CFO; Sharlene Fey, vice president and controller…
Finnish Patrol Class Will Boast Wärtsilä Power
Wärtsilä Corporation has received the contract to deliver four Wärtsilä 12V200 diesel engines for two patrol vessels of a new class for the Finnish Frontier Guard.
Seacor's CEO Gets A Boost - By 140 Percent
Seacor Smit raised its CEO's bonus by 140 percent last year as the provider of offshore marine services to the oil and gas industry reported higher revenue and net income.
Vopak Says No Go On Tank Storage Sale
Dutch-based chemical distribution and storage company Vopak NV said on Monday it was not considering selling its tank storage activities despite interest from another company.
Increased Kazakh Oil Exports Lead To Congested Waterways
A top Kazakhstan's official said on Monday that fears of tanker congestion in the Bosphorus and Dardanelles waterways resulting from increased Kazakh oil exports…
Japanese Shipbuilders Warned Over Bid Rigging
According to a report from the Kyodo News Service, eight shipbuilders were warned by the government's competition policy watchdog over alleged bid rigging on defense contracts.
Mexico, Venezuela Discuss Navy Joint Venture
Mexico and Venezuela are discussing the possibility of joint ventures to build ships for their navies, Reuters reported. According to the report, Jorge Miguel Sierralta…
Bouygues Offshore Creates KOBOS
Bouygues Offshore and Kazakhoil's Kazakhoilkurylys subsidiary have signed the agreements and the company's by-laws in Almaty between, which each have a 50% interest…
Marex Announces Significant Growth
Marex.com, Inc., a marine industry B2B e-commerce company, announced that it has achieved rapid and significant growth in the number of builders and suppliers currently…
ENSCO Earns MMS Safety Award
ENSCO Offshore was awarded the U.S. Department of the Interior's Minerals Management Service 2000 Safety Award for Excellence in the drilling contractor category.
South Korea And China See Eye To Eye On Fishing Pact
South Korea and China have agreed on a bilateral fishing pact extending Korea's fishing rights effective from June 30, Korea's Ministry of Maritime Affairs & Fisheries said on Friday.
Enterprise Oil Grants $270 Million Offshore Contract
Enterprise Oil said on Friday it had awarded a $270 million contract to FMC/Modec to provide an offshore facility and subsea equipment for the Bijupira-Salema oilfields off Brazil's coast.
Won Depreciation To Raise Daewoo's Operating Profit by 43 Percent
The head of South Korea's Daewoo Shipbuilding said on Friday the won's depreciation would raise the company's operating profit by about 43 percent from its earlier target.
