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Coflexip Stena Offshore Wins Bongo Installation Deal
Coflexip Stena Offshore International has been awarded through Single Buoy Moorings (SBM) a significant part of the mooring and installation package for Shell Nigeria…
GLM's Rose: Dayrates To Hit 3-Year Highs
Global Marine Inc. Chief Executive Bob Rose expects daily rental rates, or dayrates, for offshore oil and gas drilling rigs to surpass their highs of three years ago in 2001.
Tanker Rates Double
Rates for tankers to carry crude cargoes from the North Sea to Europe have nearly doubled over the last 48 hours to levels not seen since April, brokers said on Thursday.
Lykes Lines Upgrades Africa Service Fleet
The launching of Lykes Runner on August 29, rounds out the retonnaging of Lykes Lines' North America - Africa Service, East Coast Loop. This multi-purpose Astrakan…
Dockers Union Orders Strike After Violence Erupts at Nigerian Port
A Nigerian dockers' union said on Thursday it had ordered a strike at Lagos' Apapa port after three men died, bringing the port to a standstill when it is struggling…
Greasing the Skids
Record gas prices, OPEC solidarity and a U.S. administration doling out incentives for exploration and production all add up to good news for those companies conducting…
Mersey Docks & Harbor Not Intimidated by Recession
The slowdown in the U.S. economy may be weighing on British industrial production, but ports operator Mersey Docks & Harbor Company expects to avoid the dark clouds of recession.
Current Onshore Rig Boom Could Be Halted By Next Year
The boom in U.S. onshore oil and natural gas drilling has yet to peak, bolstering forecasts of continued strong demand for rigs, analysts and executives said this week.
Coflexip Stena Offshore Makes Management Changes
Pierre Marie Valentin, Chairman and Chief Executive Officer of Coflexip announced that the management structure of the CSO Group has been changed to reinforce its…
PSA Marine Completes $112M Acquisition
PSA Marine completed the acquisition of the marine business of Sembcorp Logistics Ltd. for $112.97 million. "The strategic acquisition complements PSA Marine's core…
Thyssen Krupp To Sell Shipping Unit
German steel group Thyssen Krupp said on Friday it had agreed to sell its shipping unit Krupp Seeschiffahrt to Los Angeles-based General Ore International. "This…
OTAL expands into China
Strengthening its position as a leading player in West African shipping and logistics, OT Africa Line (OTAL) has expanded its agency network in China. United Transportation Limited (UTL)…
Iraqi Standoff Blamed For Low Mideast Gulf - U.S. VLCC Freight Rates
Freight for Very Large Crude Carriers (VLCCs) from the Mideast Gulf to the United States has fallen to below $1 per barrel for the first time in over two years.
Spot Rates Rise
(trading AG-Japan) went up to USD 21,624 per day for a modern vessel; this is up 12.7% from the average of June 2001. modern Suezmax trading West Africa to US went up to USD 30…
Made for End to Exploitation of Workers in Nairobi
The Center for Seafarers Rights (CSR) of the Seamen's Church Institute of New York & New Jersey has raised fears over the ongoing recruitment of Kenyans to work in cruise vessels abroad.
Tanker Owners Fight Back
Tanker owners, who have been retreating on freight rates for crude cargoes for several weeks, have started to fight back in recent days, especially for prompt loading dates, brokers said on Thursday.
Svenska Orient Line Announces Good Results
Increased international trade and higher demands on more efficient transportation are two factors that benefit shipping and a niche-oriented shipping company such as Swedish Orient Line (SOL).
Owners...Start Counting the Cash
The much anticipated turnaround in the Gulf of Mexico Oil Patch is happening, and the companies that supply boats and services in the area are feeling the impact.
Super Barge Touted For Strengths, Depths
Employed in the oil and gas industry for 60 years, simple and sturdy swamp and posted drilling barges have been a preferred method to drill in shallow water. This…
Willbros Purchases Barge for West African Marine Work
Willbros Group Inc. subsidiary, Willbros West Africa Inc., has added to its available offshore fleet with the completion of the purchase and refitting of the WB 82.