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PARKER TOWING

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. The prior year's results for the same quarter reflect total revenue of $109.9 million and net income of $10.7 million or $.14 per diluted share. "The industry continues to experience the effects of the most dramatic drop in energy prices since the 1980s," said Robert L. Parker Jr., president and CEO. "Parker's strategy is to curtail costs and concentrate our marketing efforts in areas showing greatest potential," he added.


Guilty Plea for Price-Fixing Conspiracy

An Italian subsidiary of a U.S.-based company has agreed to plead guilty and to pay a $2.29m criminal fine for participating in a conspiracy to rig bids, fix prices and allocate market shares of marine hose sold in the United States and elsewhere, the Department of Justice announced. A one-count felony charge was filed on Feb. 16 in U.S. District Court in Houston, against Parker ITR S.r.l., a manufacturer of marine hose, headquartered in Veniano, Italy


Frink Retires From Parker Drilling

Shelby Frink, vice-president of operations support, retired from Parker Drilling Company after 43 years of service with the company. He began his career with Parker in 1956 as a roughneck working in Texas and New Mexico. He worked his way through the ranks of the company by holding several international field and management positions. In 1975, Frink assumed the role of Western Hemisphere operations manager and in 1978 moved to Easstern Hemisphere operations manager


Spill Control Association Names New Directors

From left to right: John Allen, SCAA Executive Director; Mike Gallagher, Harry Bedrossian, Devon Grennan and Andrew Altendorf, SCAA President (Photo: SCAA).

The Spill Control Association of America (SCAA), a professional association representing oil spill removal organizations (OSRO), spill managers, qualified individuals, consultants, equipment and material manufacturers, distributors, insurers, and educational and governmental organizations, announced the appointment of three new SCAA Directors and the renewal of a fourth Director for another two-year term.  The appointments were announced at the Annual Meeting on March 8 in Alexandria


US Flies Italian Exec to Florida in Extradition

The United States has extradited a former executive of an Italian marine hose manufacturer to face price-fixing charges in what the Justice Department said was its first extradition on antitrust charges. Romano Pisciotti, a former executive with Italy's Parker ITR SRL, was extradited from Germany and arrived in Miami on Thursday to face a single count of rigging bids and allocating market share in the marine hose industry, the department said.


Collapsed Mississippi Gulf Rig Leaves 8 Injured

A Coast Guardsman and a Gulfport Fire Department paramedic aboard a Coast Guard helicopter tend to an injured worker from the jack-up rig Parker 14 J that collapsed off the Mississippi-Louisiana coast yesterday. (U.S. Coast Guard photo). The 41 people aboard an offshore drilling rig that collapsed off the Mississippi-Louisiana coast yesterday afternoon have been rescued. Eight people were injured in the accident and were taken by New Orleans-based Coast Guard helicopters to


Mercy Ships in National Volunteer Week

Dr. Gary Parker (right) & Daughter, Susan: Photo credit Mercy Ships

Mercy Ships pauses during National Volunteer Week (April 21-27, 2013) to salute its volunteer crew on behalf of the more than 2.42 million direct beneficiaries. These beneficiearies have received curative surgical interventions, health care training, dental procedures and community development projects in more than 70 countries. As Scott Pelley of CBS 60 Minutes recently said, “Spend a few days as we did aboard the Africa Mercy


Osprey Chooses White Water Marine

White Water Marine, of Sayville, N.Y., has been named the nation's newest dealer for Osprey Boat Company. The Silvana, Wash. builder selected White Water to represent them exclusively in New York. That decision was based on White Water's outstanding reputation and extensive experience with pilothouse-style boats, including Albin and Parker. Osprey builds boats from 21 to 29 ft. The Fisherman series, available in 22, 24 and 26 ft. lengths all share the same 8.5 ft


Metropolitan Stevedore Restructures

Metropolitan Stevedore, west coast stevedore and terminal operating company, has restructured with several promotions. Albert J. Garnier was appointed vice president in charge of the company's operations; Timothy J. Parker was elected vice president overseeing business development; and Albert B. Roach was named vice president overseeing equipment, labor relations and special projects. Promoted to the position of assistant vice president are Leonard W


Three Companies Form Subsea Global Solutions

The Subsea Solutions Alliance between three underwater service companies – Miami Diver LLC, Parker Diving Service and Trident BV – formed one corporate entity, Subsea Global Solutions. The company performs complex underwater ship repair for major ship equipment Manufacturers, commercial marine, cruise and offshore oil and gas vessel operators. Rick Shilling, Chief Operating Officer, for Subsea Global Solutions said “We continue to expand our global presence


Third RAmparts 2500 Tug for SMIT-Rebras

SMIT Panará (Photo: Robert Allen Ltd.)

Keppel Singmarine BrasilLtda. (KSMB), of Navegantes, Brazil has recently completed the construction of the SMIT Panará, the third of a series of six Robert Allan Ltd. designed RAmparts 2500 tugs, for SMIT Rebocadores do Brasil (Rebras), of Rio de Janeiro


Costa Concordia almost Ready for Final Voyage

Costa Concordia

  The massive hulk of the Costa Concordia is nearly ready to be towed away from the Italian island where it struck a rock and capsized two-and-a-half years ago, killing 32 people, officials said on Sunday. The rusting prow of the once-gleaming white luxury liner was due to emerge fully from


Great Lakes Towing Hosts Networking Event

Photo: The Great Lakes Towing Company

The Great Lakes Towing Company hosted a WIRE-Net networking event at Great Lakes Shipyard in order to celebrate manufacturing and innovation in Cleveland and Northeast Ohio. More than 100 attendees gathered on the banks of the Cuyahoga River to connect with other manufacturing professionals


USCG Responds to Disabled Duck Boat

Image

  Coast Guard watchstanders coordinated a tow of a disabled tour boat near McCovey Cove in the San Francisco Bay, Tuesday afternoon.  At approximately 12:30 p.m., Coast Guard Sector San Francisco watchstanders received a report from a *local tour boat, Ride the Duck


Dutch Crane Barge Assists Concordia Refloat

Dutch crane barge Conquest MB1 assists salvage operations for the refloat of Costa Concordia (Photo courtesy of Conquest Offshore)

Costa Concordia floats again; Dutch Crane barge Conquest MB1 stays around for assistance. The disaster cruise ship Costa Concordia floats again, and Dutch company Conquest Offshore reported that the work of its Conquest MB1 crane ship and her crew is almost done


Engineers Attach Final Tow Chains to Costa Concordia

Salvage going to plan, hulk due to depart July 21. Engineers were securing the final chains to the Costa Concordia on Tuesday, preparing the wrecked luxury liner to be towed away from the Italian island where it sank two and half years ago, killing 32 people.


Changes in Towage Charges at Hay Point Port, Australia

Effective from 1 August 2014, there will be a single towage charge of $49634.20 (excl GST) - $55497.62 (incl GST) for all vessels calling at the port of Hay Point. In relation to towage charges for the services to the BMA Hay Point Coal Terminal


Costa Concordia Salvage: Day 1 Timeline

Salvor aboard Costa Concordia Day 1: Photo Parbuckling Project

The first day of the refloating operation of the Costa Concordia has concluded successfully. Confirming technician’s estimations, the wreck is now afloat thanks to the buoyancy given by sponsons, 2.2 meters off the false sea bed, and  has been towed for about 30 meters eastwards


MT Bison Delivered to Buksér og Berging

MT Bison. Image courtesy of Sanmar Marine

Turkish shipbuilder Sanmar Marine announced the recent delivery of the Robert Allan Ltd. designed FiFi1 escort tug Bison to Norwegian owner Buksér og Berging AS. In essence, Bison is a RAstar 2800/80 escort/terminal ASD tug measuring 28.2m x 12


Costa Concordia Refloating Begins

Refloating Costa Condordia: From Parbuckling Project video

The Concordia refloating operation has started informs the 'Parbuckling Project' web site. At 6 am Monday,  the Senior Salvage Master, Nick Sloane, reached the Remote Operations Center located on the Concordia with the rest of the team, having been given the green light by the Italian


Concordia Refloating Slated for July 14

Image courtesy of the Parbuckling Project

The Costa Concordia’s salvage team has confirmed that the ship refloating operation is set to proceed starting on Monday, July 14. As was the case for the parbuckling project, the operation’s commencement is subject to authorization from the observatory and also weather forecasts


Costa Concordia Wreck Set to Be Refloated in 10 Days

Photo courtesy of The Parbuckling Project

The wreck of the Costa Concordia cruise liner is set to be refloated within 10 days, to be towed away from the Italian island where it ran aground and capsized two and a half years ago, the group organizing the removal said on Thursday. The hulk of the 290-meter ship was righted and secured in


Tugboat Sunk Near St. Louis Riverfront, River Closure

Wreck buoy: File image

The Coast Guard informs it is responding with St. Louis Fire Department to the sinking of a towing vessel on the Mississippi River near the St. Louis Riverfront. Coast Guard Sector Upper Mississippi River received a report that the towing vessel Jim Marko owned by Osage Marine sank near the


USCG Assists Distressed Vessel off Massachusetts

U.S. Coast Guard (USCG) rescue crews assisted a fishing vessel in distress by air-dropping de-watering pumps after the 53-foot Canadian flagged vessel Island Cruiser collided with the 120-foot converted ferry vessel Esperanza June 26, 2014.


New RS Class Salvage Ship Delivered

Construction work has been completed on the Spasatel Zaborschikov - the third in a series of multifunctional rescue-salvage ships (project MPSV07) built to RS class. The ship was delivered to the State Maritime Rescue Coordination Center (SMRCC) on June 20






 
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