Commitment for Deepwater Frontier
R&B Falcon Drilling has received a letter of intent from for Petroleo Brasiliero S.A. (Petrobas) for a two-year contract for DP drillship Deepwater Frontier, for…
Operational Management Program for Offshore Industry
ABS Nautical Systems LLC has released a new version of its advanced ABS SafeNet operational and management system software, developed to meet the needs of the offshore industry.
Operational Management Program for Offshore Industry
ABS Nautical Systems LLC has released a new version of its advanced ABS SafeNet operational and management system software, developed to meet the needs of the offshore industry.
OSL Forms Ballast Systems Alliance
OSL Offshore Systems & Deck Machinery has formed a business alliance to manufacture and supply turnkey ballast systems for offshore drilling and production rigs.
Hvide Marine Creditors And Shareholders To Vote On Plan
Hvide Marine Inc. announced approval by the United States Bankruptcy Court for the District of Delaware of the Disclosure Statement regarding the company's proposed Plan of Reorganization.
Controversial Brent Spar Disposal Costs Soar
Shell U.K. Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. At a feedback…
Seacraft Delivers Laurie Tide on Schedule
In addition to delivering Laurie Tide on schedule, Seacraft Shipyard also surpassed all contractual vessel performance requirements. Christened by her namesake, Mrs.
Bollinger Launches USS Tornado
Bollinger Shipyards, Lockport, La. has launched USS Tornado, the U.S. Navy's newest Patrol Coastal Ship. The 14th of the Cyclone Class constructed by Bollinger,…
Munson Delivers Landing Craft
The William E. Munson Co. delivered a 32 x 12 ft. Packman High Performance Landing Craft to Peter B. Wright of Juneau, Alaska. Designed as a commercial transporter and private sports boat…
Moody's Downgrades Pegasus Shipping
Moody's Investors Service downgraded from B3 to Ca the rating for the senior secured debt of Pegasus Shipping (Hellas) Ltd. The downgrades reflect Moody's expectation…
Bay-Houston Christens Tug
Haden II, the 12th tug for Bay-Houston Towing Company, was christened in Galveston. Designed in-house in coordination with Schuller & Allan, Inc., the 3,900 bhp…
Tug Repowered by C.R. Harbour Towing
C.R. Harbour Towing and Transportation LLC recently completed the repowering and refurbishement of 95-ft. tug Brandon C. Roehrig. The tug's original Cat D-398s were removed…
Turkish Gendarmie Receives Boston Whaler Gunboats
The Turkish Gendarmie has taken delivery of four Boston Whaler 27 ft. Vigilant gunboats. The boats will be deployed in various ports in Turkey, and used for patrol and law enforcement. The 27 ft.
OMI Reports Q3 Loss of $7M
OMI Corporation announced a net loss of $7,119,000 for the quarter ended Sept. 30. The net loss for the nine months ended Sept. 30 was $37,555,000 after income from…
Comments Requested on GPS Interference
The USCG is requesting information from vessel operators on problems with, and potential solutions to, GPS system interference. The USCG states mobile telephones…
Tax Bill Vetoed
President Clinton vetoed the $792 billion tax package approved by Congress prior to its August recess. The package included a variety of tax cuts, as well as a repeal…
Royal Dutch/Shell Earnings Double
Royal Dutch/Shell's earnings more than doubled in the third quarter from a year ago, due to much higher oil prices and a corporate overhaul. Chairman Mark Moody…
Report Confirms Increased Assessments on Maritime Industry
U.S. ports got confirmation at its Annual Convention meeting from a just-released General Accounting Office (GAO) Report that both the number and the dollar amount…
USCG Seeks Comments on Liquid HazMat Regulations
The USCG is seeking feedback on its revision of 46 CFR part 151, the regulations for barges carrying bulk liquid hazardous materials. A starting point is a package…
Administration Reiterates Support for Jones Act
The Clinton Administration "supports the Jones Act as an essential element of our Nation's maritime policy, and will not be proposing changes to the Act," said a senior U.S.