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24 May 2002

New Global Subsea Provider Launched

Subsea 7, the new company formed as a result of the combination of Halliburton Subsea, a business unit of Halliburton's Energy Services Group, and the subsea activities of DSND Subsea ASA (OSE:SFJ)…
21 May 2002

SCORE Up for First Time in 10 Months

0.5 percent. classes. erosion in jackup dayrates. 1980-1981 peak of the offshore drilling cycle. million dollars invested. regions to indicate the relative condition of rig markets.
18 Jun 1999

Safmarine MD, Safren CEO Step Down

South Africa's Safmarine Container Lines reported that its Managing Director and Safren Chief Executive Tony Farr had stepped down. Moeller, which owns the world's…
03 Jun 2002

Ms Prinsendam Arrives in NY

The ms Prinsendam, newest vessel in Holland America Line's fleet of 11 premium cruise ships, arrived in New York accompanied by the retired New York City fireboat John J. Harvey.
31 May 2002

Global Industries Makes Additions

Global Industries, Ltd. announces the appointment of Craig Milburn as operations manager for Global Divers, based in New Iberia, LA. As Operations Manager, Milburn…
29 May 2002

Stolt Offshore Awarded Contract

Stolt Offshore S.A. announced the award of the $660 million Sanha Condensate contract from CABGOC, a wholly owned subsidiary of Chevron Texaco, to a consortium…
16 Jul 1999

Smit Internationale Buys South Africa’s Pentow

Smit Internationale NV reportedly agreed to buy South Africa's Pentow Marine (Pty) Ltd.
14 Jul 1999

Maersk Line Joins Safmarine on S. Africa/U.S. Route

Maersk Line reported that its ships would join Safmarine and MSC on the express service between South Africa and the U.S. The express service deploys seven vessels…
12 Jul 1999

Lowman Helps Less Fortunate In Times Of Crisis

According to the International Hall of Fame Committee, the recipient of the 1999 Humanitarian Award must possess qualities such as contributions to the well being…
28 Mar 2000

Fincantieri To Build Ferry For SNCM

Italian shipbuilder Fincantieri has signed a contract with France's SNCM to build a 44,500 gt ferry to be used mainly on the Marseilles to North Africa routes. The new vessel will be 574 ft.
06 Apr 2000

Offshore Comeback At Hand

U.S. oil drillers expect weaker or flat first quarter earnings but see revenues picking up later in the year as recent high oil prices trickle down to the service sector.
06 Apr 2000

CP Ships To Acquire Christensen Canadian African Line

CP Ships has reached agreement with Thor Dahl Shipping AS of Norway to acquire Christensen Canadian African Line (CCAL). The transaction is expected to be completed by the end of April.
07 Apr 2000

Marine Finance Briefs

Slovenian shipping firm Intereuropa and port operator Luka Koper canceled a planned merger because the government was demanding the right to veto any management decisions in the new firm.
31 Mar 2000

Fincantieri To Build Ferry For SNCM

Italian shipbuilder Fincantieri has signed a contract with France's SNCM to build a 44,500 gt ferry to be used mainly on the Marseilles to North Africa routes. The new vessel will be 574 ft.
31 Mar 2000

Online Marine Camera Gives Underwater Views

For those who are curious about the undersea world but don't want to plunge beneath the waves, there is a safe and dry way to enjoy Neptune's realm. Images of the…
19 Apr 2000

Japan To Fund Romanian Port Study

Japan's International Cooperation Agency (JICA) will finance a study to rehabilitate and upgrade the Black Sea port of Constanta, Transport Ministry officials said.
26 Apr 2000

Westbound Tanker Markets Strengthening

Westbound tanker markets from the Middle East are strengthening while eastern charterers take a break, brokers said. Mideast-U.S. Gulf rates are running at about…
17 Apr 2000

Calling All Mariners

Globalstar, L.P. brought its next-generation strategizing to fruition with the release of full commercial access of its mobile satellite service in the U.S. through its distributor Globalstar U.S.A.
12 May 2000

Tanker Trends: Markets Lose Steam During Asian Holidays

Tanker markets cooled as Asian holidays took the steam out of recent strength, but some brokers saw it starting to simmer again last week. Holidays in Japan and…
07 Apr 2000

Offshore Market Begins To Rumble

U.S. oil drillers expect weaker or flat first quarter earnings but see revenues picking up later in the year as recent high oil prices trickle down to the service sector.

Maritime Piracy

Posted to Maritime Reporter on November 20, 2023

The maritime piracy menace is an old one, but it continues to be a significant threat to the global trade and security of the seas. Piracy is a major challenge today, despite concerted efforts by international organizations to combat this illegal activity. New developments and persistent threats are shaping the current landscape.

Houthi Rockets Wreak Havoc on Middle East Container Shipping

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on January 17, 2024

As the Houthis recklessly launch drone and missile attacks on commercial ships in the Red Sea, carriers and shippers will pay as some marine traffic reroutes around South Africa. Peter Sand, Chief Analyst, Xeneta, discusses with Maritime Reporter TV the cost of the crisis as well as shipping strategies to consider now.

Narco-Submarines: The Hidden Depths of Drug Trafficking

Posted to Maritime Reporter on July 29, 2024

Narco-submarines, the clandestine vessels used by drug traffickers, represent one of the most sophisticated and elusive methods of smuggling drugs across international waters. These semi-submersible and fully submersible crafts are a testament to the ingenuity and resourcefulness of criminal organizations in circumventing law enforcement efforts. This article delves into the history, construction, operation, and interdiction of narco-submarines, highlighting their impact on global drug trafficking.

Drug Smuggling on Ships and Submarines: An Escalating Threat

Posted to Maritime Reporter on July 29, 2024

Drug smuggling has long been a lucrative enterprise for criminal organizations worldwide. With the increasing sophistication of law enforcement agencies and border controls, smugglers are continuously adapting their methods. One of the most challenging trends to combat is the use of ships and submarines to transport illicit drugs across international waters. This article explores the methods, routes, and challenges associated with maritime drug smuggling.

Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.

Posted to Maritime Reporter on May 3, 2024

Shipping group Maersk raised its full-year earnings guidance after reporting first-quarter incomes on Thursday, citing strong demand and higher freight rates as ships cruise for longer to avoid dispute in the Red Sea.The business, viewed as a barometer of world trade…

Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East

Posted to Maritime Reporter on March 5, 2024

War tensions in both Ukraine and the Middle East have had an increasingly disruptive effect on the global shipping market. As the ongoing conflicts in these regions continue, the impact has had a butterfly effect on maritime trade, shipping routes…

Maritime Piracy in the Horn of Africa:

Posted to Maritime Reporter on July 26, 2024

The Horn of Africa, strategically positioned at the nexus of global trade routes, has long faced the specter of maritime piracy. The waters off Somalia, in particular, have been notorious for piracy incidents that have disrupted international shipping, imperiled seafarers, and prompted multinational military responses. This region's unique combination of socio-economic, political, and geographic factors has engendered a breeding ground for modern piracy, posing complex challenges for the international community

Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea

Posted to Maritime Reporter ( by Maritime Reporter & Engineering News / Reuters ) on May 21, 2024

In a chilling televised address, Abdulmalik al-Houthi, the leader of Yemen's Iran-backed Houthi rebels, has issued a dire warning to the world: all vessels bound for Israeli ports, regardless of their location, will now be considered legitimate targets.

Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck

Posted to Maritime Reporter ( by Maritime Reporter & Engineering News / Reuters ) on May 21, 2024

In a stunning turn of events, a Greek court on Tuesday dismissed charges against nine Egyptian men accused of causing a catastrophic shipwreck that claimed the lives of hundreds of migrants off the coast of Greece last year.

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