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VLCC Rates Start to Strengthen
According to reports, there are mixed messages being transmitted around the tanker market. The threat of further cuts in crude production by Opec is being brought…
CNOOC in Teams up with F&G
China National Offshore Oil Corp (CNOOC) will tie up with US engineering design firm Friede & Goldman to develop China's first deep-water semi-submersible drill platform.
Daewoo Shipbuilding Wins Orders Worth $600m
Daewoo Shipbuilding & Marine Engineering Co., has won three orders worth a combined $600m to build six ships for three companies in Russia, Africa and Europe. Daewoo…
MMA Honors Alumni
Maine Maritime Academy (MMA) honored its best and brightest at a ceremony held in early November. The college formally recognized alumni success and achievement…
ZEG Begins Deepwater Operations Study
Ziff Energy Group (ZEG), a leading North American energy consulting firm, with offices in Houston and Calgary, announces the launch of the 6th edition of its Deepwater…
Gulf of Guinea Nations to Boost Maritime Surveillance
The AP reported that ministers from across Africa's oil-rich Gulf of Guinea agreed at a U.S.-sponsored meeting Wednesday to establish surveillance systems to try…
Gulf of Guinea Conference to Focus on Maritime Security
At the request of U.S. partners in West and Central Africa, a Gulf of Guinea maritime safety and security conference is scheduled to be held in Cotonou, Benin, Nov.
U.S. Urges Africa to Address Maritime Security
US government officials, seeking to bolster African maritime security, arrived in Benin in early November to convene a conference of ministers from 11 African countries…
Teekay Reports 3Q Results
Teekay Shipping Corporation reported net income of $79.8 million, or $1.07 per share, for the quarter ended September 30, 2006, compared to net income of $42.7 million…
Deal Revives SA Shipbuilding
According to reports, there was a buzz of excitement at Dormac on Friday when the keel-laying ceremony for a oil bunker barge commissioned by Smit Amandla Marine…
Dormac's Deal Revives South African Shipbuilding
There was excitement at Dormac recently when the keel-laying ceremony for a new $8.2m oil bunker barge commissioned by Smit Amandla Marine signaled the revival of…
Norway Provides Funding for ITCP
IMO’s technical co-operation activities in Africa have received a major funding boost with the conclusion of an agreement between IMO and NORAD, the Norwegian Agency for Development Cooperation.
India Aims for Blue-Water Navy
A truly blue-water Navy with strategic reach to operate from Africa's eastern coast right up to Malacca Straits. A satellite networked-force with maritime surveillance…
IMO Issues Summary of MEPC Session
The IMO issued summarized the results of the recent session of the Marine Environment Protection Committee (MEPC). Among other things, the MEPC designated Southern…
Galbraith’s Predicts Growth in Demand for Suezmax Tankers
Shipbroker and consultant Galbraith's Ltd says that demand for Suezmax tankers is expected to grow strongly in the next five years in line with large-scale expansion…
GlobalSantaFe Worldwide September SCORE Up 1.7 Percent
SCORE ReportsWorldwide oil and gas drilling contractor GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics…
Mammoet Gets Salvage Order
Mammoet Salvage of Schiedam, the Netherlands, agreed to terms for the removal of the wreck of the Liberian container ship, Safmarine Agulhas, which ran aground and…
Parties May Not Create Maritime Lien by Agreement
The U.S. Court of Appeals for the Fourth Circuit ruled that parties may not create a maritime lien by agreement. In the instant case, a bunker company provided bunkers…
Hyperdynamics Moves Forward to Drilling Offshore Guinea
Hyperdynamics has contracted with Applied Drilling Technology, Inc. (ADTI), a wholly owned subsidiary of GlobalSantaFe, to provide a detailed assessment of drilling infrastructure…
Hapag-Lloyd Expanding Service to West Africa
The Hamburg-based shipping line Hapag-Lloyd is increasing its involvement with West Africa. It is establishing its own service linking Dakar and Tema in West Africa and Hamburg…