Casino Cruise Ship Financing Ready
Viva Gaming & Resorts has reported that all financing required for the company's Texas Treasure casino cruise ship project in Corpus Christi, Texas is now fully secured and in place.
Keppel Hitachi, Fels May Merge Offshore Business
Shipbuilder Keppel Hitachi Zosen Ltd. reportedly is in discussions to merge its offshore business with sister company Keppel Fels Energy Infrastructure Ltd., a maker of oil rigs and ships.
Dead in the Water
Financial conditions at troubled Premier Cruise Line have obviously worsened, as the company is effectively out of business following the seizure of its five ships.
NASSCO Granted Drydocking Of USS Mobile Bay
NASSCO has received a contract valued at up to $23 million for the eight-month extended drydocking and repair availability of USS Mobile Bay - an Aegis guided missile…
FGH Receives $52 Million Worth Of Orders
Friede Goldman Halter (FGH) has signed nine contracts with a combined value of more than $52 million, excluding options. The contracts are outlined as follows: Halter…
Maritime Industry Mourns Congressman Bateman
Virginia Republican Rep. Herbert Bateman, 72, a nine-term congressman and strong military supporter who planned to retire at the end the year, died in his sleep on Monday…
Bouygues Shares Drop; Analysts Not Concerned
Shares in Bouygues Offshore fell more than three percent in early Wednesday trade after the French oil services firm posted a 42 percent fall in first half net profit…
Marine Insurance Premiums Expected To Hit $12.7B
Marine insurance premiums are expected to total around $12.7 billion for 1998, and about $10.7 billion for 1999, Tore Forsmo, managing director of Norway's Central…
BP Amoco To Update Mammoth GOM Oil Discovery Soon
BP Amoco Plc said it should be able to provide an update on its giant Crazy Horse deepwater oil discovery in the Gulf of Mexico when two appraisal wells are completed during the next couple of months.
Will There Be An Oil Tanker Shortage?
Kuwait's finance minister said it was unclear whether there would be enough crude oil tankers to lift additional supplies if producers bowed to consumer pressure for another rise in output.
Japanese Yards Form Alliance
Three major Japanese shipbuilders are forming an alliance on commercial vessels and ocean engineering to survive competition with South Korean shipyards. The three…
Tanker, Cargo Ship Collide In GOM
The Greek-flag tanker Olympic Breeze and the Liberian-registered cargo carrier Harbel Tapper were both damaged when they collided about 100 nautical miles offshore…
Oil, Gas Rig Numbers Drop
The number of rigs exploring for oil and natural gas in North America fell by 62 during the week ending September 8, led by a 55 rig decrease in Canada and helped…
Japanese Shipyard Expected To Integrate
Three Japanese shipbuilders are expected by the end of the week to sign an agreement to integrate their operations, Reuters reported. According to the report, Kawasaki Heavy Industries Ltd.…
Royal Caribbean Raises Dividend
Royal Caribbean Cruises Ltd. directors raised the quarterly dividend to $0.13 per share from the $.011 paid previously. The company said the dividend will be paid Sept.
P&O Unit Reports Rise In Container Traffic
Peninsular and Oriental Steam Navigation Co.'s Sri Lanka unit reported a sharp increase in container handling in its first year of operation to August 2000. "In just 12 months…
Mississippi Dredging To Continue In Low Water
Low water on the upper Mississippi River will continue to prompt dredging activities to promote safe navigation of barges and other vessels in coming months, the U.S. Army Corps of Engineers said.
Cammell Laird Extends Repair Reach West
Following quickly on the heels of an overseas investment deal in Marseilles, Cammell Laird (Holdings) has increased its involvement in the overseas repair and conversion…
Empire WaterLink Offers Alternative Airport Transportation
In order to ease the inconvenience of the New York-Metro area's congested roadways due to an increased passenger base, Empire WaterLink (Empire) has leased a building located in downtown South Amboy…
Bollinger Delivers 1,734-ft. Worth Of Barge
Bollinger Marine Fabricators earned a place in the record books in June with the delivery of seven barges totaling 1,734 ft. (528.5 m). The yard's workscope includes…
