North American Rig Count Drops 8
The number of rigs exploring for oil and natural gas in North America fell by eight during the week ending November 3, according to oil services firm Baker Hughes Inc.
Gas Carrier To Get Repairs At Sea
A tanker carrying 500,000 barrels of gasoline, denied access to the New York Harbor due to safety concerns, will make repairs to a leaky hold at sea before coming into port, the ship's manager said.
Hyundai Gets LNG Contract
Nigeria Liquefied Natural Gas (NLNG) said it had awarded a contract for the building of an LNG carrier to Hyundai Heavy Industries of Korea. The company said the…
Transocean Sedco Forex Reports Rig Damage
Transocean Sedco Forex Inc., the world's biggest offshore driller, said one of its rigs was damaged by a gas blowout while drilling a well offshore Indonesia for Australia's Santos Ltd.
CosPas-Sarsat To Cease Use Of 121.5 and 243 MHz In 2009
The U.S. Coast Guard recently announced that on February 1, 2009, the international CosPas-Sarsat System will terminate the satellite processing of distress signals…
Containership, Freighter Collide Off Of Japan
The Panamanian-flagged container vessel Ever Dainty was involved in a collision on Nov. 1 with the Panamanian-flagged freighter Apollo Delapan, south of Oshima, Japan, Reuters reported.
Stormy Seas Hamper Sunken Tanker Ops
High winds and stormy seas prevented French surveillance craft approaching the sunken Italian tanker Ievoli Sun to probe for pollution from its toxic cargo. A sonar…
FGH Delivers High Tech Vessel To Navy
Friede Goldman Halter (FGH) held the christening ceremony of USNS Impeccable on November 1 at its Pascagoula, MS shipyard. The vessel's mission will involve the collection…
Hong Kong, Netherlands Sign Tax Pact
The Hong Kong government said on Thursday, it and the Netherlands had signed an agreement to exempt ship owners in the two places from paying double tax. "The agreement…
Hyundai Merchant Marine Share Sale Helps Avert Bankruptcy
South Korea's Hyundai Engineering & Construction sold $33.47 million worth of shares in Hyundai Merchant Marine on Wednesday as part of efforts to raise capital to avert bankruptcy.
Cammell Laird Close To Luxus Cruise Ship Contract
Cammell Laird Holdings, which has been a strong shipbuilding and repair success story for several years, announced that it was to build two cruise ships, breathing…
Rolls-Royce, Northrop Grumman And DCN To Produce New Marine Engine
Northrop Grumman Corp. and Rolls-Royce have signed an agreement with the French marine engineering company DCN to market and produce the WR-21 marine gas turbine engine.
P&O In Deal To Operate NY/NJ Terminal
UK shipping firm Peninsular & Oriental Steam Navigation Co on Wednesday said it had joined forces with its 50 percent owned P&O Nedlloyd to operate the New York/New Jersey terminal on a 30-year lease.
Oil Freight Charges To Go Higher?
Bloated oil freight charges could surge yet higher this year, adding to the already inflated cost of world oil imports, shippers said. Tanker brokers are predicting…
Tanker Not An Environmental Disaster Yet
Environmental disaster has been averted for now but France is taking no risks after a tanker carrying thousands of tons of toxic chemicals sank off the Normandy coast…
U.S. Warships Avoiding Suez Canal After Cole Blast
U.S. military vessels have not been using the Suez Canal since the alleged suicide attack on the USS Cole on Oct. 12, but U.S. and Egyptian officials are working…
S&P May Cut Coflexip SA BBB-Plus Rating
Standard & Poor's placed on CreditWatch with negative implications its triple-'B'-plus long-term corporate credit rating on Coflexip S.A., the parent company of the Coflexip Stena Offshore group.
Grandeur Of The Seas Loses Power Near Curacao
The Royal Caribbean International cruise ship Grandeur of the Seas experienced a loss of electrical power while approximately 7.5 miles outside of Curacao. "The ship's 2…
SS&Y Indicies Rise
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 102 points in the week ending Monday to 5,828. "Tonnage in the Pacific remained in tight supply," SS&Y said.
Firefighters Extinguish Tanker Blaze
Firefighters extinguished a fire which broke out on the Panamanian-registered tanker Sea Wolf 1 off the Greek port of Piraeus on Monday, injuring one crew member, the Merchant Marine Ministry said.
