Parker Reports Loss for Quarter
Parker Drilling Company reported unaudited revenue of $105 million and a net loss of $7.7 million or a $.10 loss per diluted share for the three months ended November 30, 1998.
Texaco Replaces 166 Percent of Production
Texaco replaced 166 percent of its 1998 worldwide combined oil and gas production, excluding purchases and sales. Texaco's proved oil and gas reserves increased…
Unocal Replaces 101 Percent of Production
Unocal Corporation replaced 101 percent of its worldwide crude oil and natural gas production (excluding sales and price-related revisions) during 1998 with new…
Seacor Smit Announces 4Q Results
Seacor Smit Inc. announced net earnings for the fourth quarter ended December 31, 1998 of $29,246,000 on revenues of $92,791,000. For the 12 months ended December 31…
Hvide Marine Announces 4Q and Full Year Results
Hvide Marine Inc. reported net income in the fourth Quarter ended December 31, 1998 totaled $1.9 million, compared with $9.8 million in the year-earlier period.
Grand Opening
Stardancer, the second cruise-to-nowhere vessel to dock in Little River, S.C., had its grand opening last month. The vessel includes 160 slot machines, offers a full restaurant with a chef…
New York Appeals Court Affirms Earlier Ruling
The U.S. 2nd Circuit Court of Appeals ruled Bay Casino, which operates a gaming vessel on "cruises to nowhere" from Brooklyn, did not violate federal law by operating…
Two Bills from New Jersey
Assembly Concurrent Resolution (ACR) 89, sponsored by Assemblywoman Nilsa Cruz-Perez (D), proposes a constitutional amendment authorizing the New Jersey State Legislature…
Iowa Specifies Operating Location
House File 103, introduced by Rep. Gary B. The measure was referred to the State Government Committee. In New York, S. 1399, introduced by Sens. Frank Padavan (R), Joseph R. Holland (R), Kenneth P.
Pending Federal, State Legislation Threatens
Legislation introduced by U.S. Rep. Frank R. Wolf (R-Va.) could severely damage Florida's offshore gaming industry. Under existing federal law, offshore gaming in international waters is legal…
Empress Casino Denies Workers' Right to Organize
Empress Casino, which operates two gaming boats on the Des Plaines River, near Joliet, Ill., has refused to allow its workers to join a union, despite a written…
EPA Charges Boat Paint Manufacturer
The U.S. EPA has charged Flexabar Corp., based in Lakewood, N.J., with violating export rules of the Federal Insecticide, Fungicide and Rodenticide Act (FIFRA).
Tampa Bay Oil Spill Settlement Appears in Federal Register
A Federal Register Notice on a proposed eight million dollar settlement to fund restoration projects for natural resources damaged in a 1993 oil spill in Tampa Bay has been published.
NOAA's Fisheries Service Proposes Guidelines for F/V and Permit Buyouts
NOAA's Fisheries Service is proposing guidelines for future government-backed buyouts of F/Vs and permits to reduce excess fishing capacity, the Commerce Department's…
Y2K Conference Held In New York
"What you're seeing now, is a 'flight to quality,'" said Rear Admiral George Naccara, of the USCG, at the Y2K Luncheon held in New York last month. The Y2K Luncheon…
P&O Buys Stake In Indian Container Terminal
South Asia Ports Ltd., a subsidiary of British Shipping group P&0 has reportedly bought a 96 percent stake in the container terminal at India's Kandla port for $30 million.
Thai Prime Minister Denies Canal Reports
Thai Prime Minister Chuan Leekpai has denied reports that the government plans to build a canal across southern Thailand, bypassing the Malacca Straits shipping lane.
Hyundai Heavy Commissioned To Run Halla
Hyundai Heavy Industries Co. will reportedly be commissioned to run the bankrupt shipbuilding firm Halla Engineering and Heavy Industries, which filed for court…
Arctic Ice Build-Up Likely To Cause Shipping Disruptions
Severe weather in Russia's Arctic has led to a build-up of more ice than normal at this time of year and is likely to cause major disruptions to shipping by October…
United States Marine Repair Promotes Dickinson
B. Edward Ewing, CEO of Norfolk-based United States Marine Repair (USMR), the largest non-nuclear ship repair, modernization and conversion company in the U.S.,…
