Oil Goes Higher As Mid East Tension Mounts
U.S. oil markets stayed on high alert Friday as traders watched for signs of further escalation in the Middle East's political crisis and of possible impact on tight oil supplies.
Tanker Captain Bail Set At $500K
A U.S. judge set $500,000 bail for a Greek tanker captain charged with falsifying documents and lying to U.S. Coast Guard inspectors after his ship was found in…
Avondale To Build Fourth DH Tanker
Litton Industries Inc. said Polar Tankers Inc. has exercised an option for a fourth double-hull crude oil carrier, valued at $197 million, to ship Alaskan crude oil.
Vosper Thornycroft To Move Shipbuilding Work
Vosper Thornycroft Holdings Plc hopes to move its shipbuilding operations to Portsmouth from Southampton, including its work on the Royal Navy's new destroyer. The…
Better Late Than Never?
In what has become the norm rather than the exception, another cruise ship will be delivered late, forcing the shipowner to cancel valuable inaugural cruises. After…
World LNG Trade To Grow Steadily
World trade in Liquefied Natural Gas (LNG) will grow at an annual rate of seven to eight percent over the next 10 years, a senior BP Amoco Plc executive said last week.
Four Dead After U.S. Navy Ship Hit With Explosives
An explosives-laden rubber raft rammed a U.S. guided missile destroyer and exploded in the Yemeni port of Aden on Thursday, killing four U.S. sailors and injuring 36, five seriously, Reuters reported.
Tanker Captain Charged In San Francisco
The captain of an oil tanker that arrived in the San Francisco Bay with safety violations, including risky oil leaks, was charged on with falsifying documents and lying to Coast Guard inspectors.
Aker Maritime Gets Contract
Norsk Hydro awarded a $108 million contract to Aker Maritime for construction of an oil drilling module. Aker will build the 5,500 ton module for the Grane North Sea oil platform.
Daewoo To Split Into Three Units
South Korea's Daewoo Heavy Industries Co apparently plans to split into three units on October 23, pending an approval from its board of directors. It's unknown…
Shipping Company Secures Loan For 7 Ships
Ukraine's largest shipping company Ukrrichflot will reportedly get a $17.12 million loan from the European Bank for Reconstruction and Development to build seven new ships.
Royal Caribbean Leads Oslo In September
Following the record month of August, the All Share Index in Oslo fell by 3.7% in September. The index for Cruise, Shipping and Offshore stocks (the Shipping index) fared slightly better…
SSY Indicies Rise
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 97 points in the week ending Monday to 5,572. Its Atlantic Capesize Index rose 59 points in the week ending Monday to 5,759.
Erika Oil Washing Ashore Again
Oil believed to have seeped from the tanker Erika is washing ashore again 10 months after it sank off Brittany, officials said. They said that volunteers cleaning…
Big Oil Profits Expected To Fly High
The near record oil prices have left U.S. oil majors as the envy of industry during the third quarter reporting period, according to many industry analysts. about…
LMS, Tokimec Announce Alliance
Litton Marine Systems and Tokimec announced a strategic alliance for development, marketing, sales and service of marine equipment. Under the alliance, the two companies…
OSI Validation Vastly Expands Markets
Offshore Systems International Ltd. - a leader in electronic charts and positioning systems for the maritime industry -- announced that Offshore's Electronic Chart…
Moves at ExxonMobil Marine Fuels International Team
ExxonMobil Marine Fuels (EMMF) has appointed Ahmed Zaki and Boris Nigbur to its international team based in Leatherhead, near London in the U.K. Ahmed joins from ExxonMobil's local affiliate in Egypt…
LMS, Tokimec Announce Alliance
Litton Marine Systems and Tokimec announced a strategic alliance for development, marketing, sales and service of marine equipment. Under the alliance, the two companies…
Derecktor Delivers Pilot Boat To Sandy Hook
The New York and New Jersey Sandy Hook Pilots took delivery of America, the first of their new 53-ft. Pilot Boats built by Derecktor Shipyards in Mamaroneck, NY.
