NOL Led Group Bids For Koja Container Terminal
A consortium led by Singapore shipping group Neptune Orient Lines (NOL) has put in a $150 million bid for Indonesia's Koja Container Terminal in Jakarta's Tanjung Priok port area.
CMB Teams For Massive Container Handler
Compagnie Maritime Belge (CMB) agreed to merge its port handling unit with rival Noord Natie to form the biggest container handler in the country. CMB's subsidiary…
Runaway Rig Closes Two Norwegian Fields
Two Norwegian oilfields were shut Wednesday amid fears that a stricken exploration rig might start dragging its anchors in high seas and threaten to crash into them.
Ferry, Towage Group For Sale
Britain's Associated British Ports Holdings Plc plans to sell Red Funnel Group, its ferry and towage business. "Red Funnel is an excellent operation and will only…
Navy Awards Southwest Marine $100 Million Contract
The U.S. Navy granted a contract worth more than $100 million to Southwest Marine (SWM). The five-year, phased-maintenance contract is the follow-on to ships the company has been repairing since 1985…
LNG Revival Sparked In U.S.
U.S. The import and use of Liquefied natural gas (LNG) in the U.S. has been staging a comeback.. The country's two active import terminals are handling a rising number of tanker cargoes…
NOL Led Group Bids For Koja Container Terminal
A consortium led by Singapore shipping group Neptune Orient Lines (NOL) has put in a $150 million bid for Indonesia's Koja Container Terminal in Jakarta's Tanjung Priok port area.
CMB Teams For Massive Container Handler
Compagnie Maritime Belge (CMB) agreed to merge its port handling unit with rival Noord Natie to form the biggest container handler in the country. CMB's subsidiary…
Runaway Rig Closes Two Norwegian Fields
Two Norwegian oilfields were shut Wednesday amid fears that a stricken exploration rig might start dragging its anchors in high seas and threaten to crash into them.
Ferry, Towage Group For Sale
Britain's Associated British Ports Holdings Plc plans to sell Red Funnel Group, its ferry and towage business. "Red Funnel is an excellent operation and will only…
France Stiffens Pollution Penalties
The French National Assembly passed a bill last week to stiffen punishment for tanker captains who dump oil at sea in banned areas to clean their ship's tanks. The…
P&O To Float Bulk Carrier Unit For $190M
Peninsular and Oriental Steam Navigation Co. (P&O) expects its Associated Bulk Carriers unit to carry a price tag of around $190 million when it floats on the Oslo Stock Exchange in July.
Adsteam Cuts Towage Personnel
Adsteam Marine expects to reduce most harbor towage teams to three personnel from four after the Maritime Union of Australia accepted a new enterprise bargaining agreement (EBA).
FGH Finalizes $82 Million in New Contracts
Friede Goldman Halter, Inc. (FGH) finalized contracts totaling $82 million. The contracts call for the construction of a $70 million cargo vessel and the design…
Interactive Simulation for LNG Ships in Trinidad
MarineSafety International Rotterdam b.v. (MSR) recently successfully completed the first of a series of four training courses for Point Fortin sponsored by Atlantic LNG Trinidad and Tobago.
MAN B&W Acquires Alstom Engines
Effective June 9, MAN B&W Diesel has acquired the Alstom Engines business, and effective immediately the Alstom Diesel engine business was renamed MAN B&W Diesel Ltd.
Canadian Rig Forced Out By Navy
Suriname's navy forced a Canadian oil company to remove a rig from an offshore concession granted by Guyana as a simmering border dispute between the South American neighbors came close to a boil.
GOM Rig Count Up One
The U.S. Gulf of Mexico offshore rig count rose by one from last week, continuing its rise, with 166 of the region's 200 mobile offshore drilling units under contract…
S&P: FGH Outlook Remains Negative
Standard & Poor's affirmed its single-'B'-plus corporate credit rating and single-'B'-minus subordinated debt rating on Friede Goldman Halter Inc. (FGH). The outlook remains negative.
Global Marine Picture Brightens
As the offshore drilling picture continues to improve, companies such as Global Marine should experience a healthy market capitalization boost as shares fly high…