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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


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.


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


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


VT and BAE Agree on Shipbuilding JV

VT Group has finalized its shipbuilding joint venture with BAE Systems. Under the agreement -- the terms of which are substantially unchanged from those set out in the framework agreement in July 2007 -- the BVT Surface Fleet Ltd joint venture will be owned 45 percent by VT and 55 percent by BAE Systems. The joint venture, under which VT has an option to sell its stake to BAE for at least $745 million, is key to VT's attempts to focus entirely on support services


Grounded Bulker Refloated off Virginia Beach

A bulk carrier ship was refloated Friday morning after running aground near Virginia Beach. (USCG photo)

The U.S. Coast Guard (USCG) said it oversaw the refloating of the 751-foot bulk carrier, Ornak, Friday. At approximately 9:35 a.m., the Ornak was refloated offshore of the Virginia Beach Resort and Convention Center and repositioned to the Lynnhaven anchorage.


PTS Pro Offers Advanced Maintenance Planning

Photo: Parker Hannifin

PTS Pro enables users to target unplanned downtime with advanced maintenance planning. PTS Pro, the latest addition to the Parker Tracking System (PTS) suite of products, gives subscribers a proactive tool against unplanned downtime, while maximizing uptime and profitability.


Coast Guard tactical air squadron holds change of command ceremony

Coast Guard tactical air squadron at change of command ceremony

Capt. Kevin P. Gavin relieved Capt. Donna L. Cottrell as commanding officer of Coast Guard Helicopter Interdiction Tactical Squadron Jacksonville during a change of command ceremony at HITRON Friday. HITRON is America's first airborne law enforcement unit trained and authorized to employ


Body Found, 2 Fishermen Missing in Lake Erie

U.S. and Canadian Coast Guard crews continue to search for three people in the water in Lake Erie, Thursday, after one body was recovered and a boat was found five miles northeast of Locust Point, Ohio. The Coast Guard is not releasing the names of the missing people or the recovered individual


Tug on the Rocks, Lake Pontchartrain, Three Rescued

Tugboat UTV Todd Michael: USCG photo

US Coast Guard 8th District says that it has rescued 3 crewmembers aboard the (uninspected) tugboat 'UTV Todd Michael' after it grounded on the rocks near the Lakefront Airport on Lake Pontchartrain. [The vessel towed appeared to be drifting nearby.]


Rolls-Royce to supply machinery for 4 tugs for ALP Maritime Services

Rolls-Royce has been awarded a £19m contract to deliver deck machinery for four ocean going tugs, designed by Ulstein Design & Solutions, for Dutch company ALP Maritime Services. The vessels will be constructed in Japan by Niigata Shipbuilding & Repair.


Ultra Deepwater Rig Towed 11,500 Miles

Image Courtesy Fairmount

Fairmount Marine towed Sevan Louisiana to Curaçao Tug Fairmount Sherpa towed rig Sevan Louisiana safely from Singapore to Curaçao. During the 11,500 miles voyage via Cape of Good Hope, stops were made in Port Louis (Mauritius)


ALP Tugs Get Rolls-Royce Deck Equipment

©Ulstein Design & Solutions

Rolls-Royce has been awarded a £19m contract to deliver deck machinery for four ocean going tugs, designed by Ulstein Design & Solutions, for Dutch company ALP Maritime Services. The vessels will be constructed in Japan by Niigata Shipbuilding & Repair.


New Parker-Racor Snapp Filter from A.S.A.P.

Snapp Filters

A.S.A.P. announced it now offers a quick-to-service small outboard engine filter – an ingenious design from Parker-Racor. According to A.S.A.P., no tools are required for servicing, quick release connectors and a patented priming system


After Barge Accident Mississippi River Traffic May Reopen Friday

Mississippi River barge traffic could reopen Friday at the earliest, government officials said on Wednesday, a day after a barge struck a railroad bridge at Sabula, Iowa, forcing the closure of a two-mile (3.2 km) stretch of the country's busiest waterway.  


Mobile Ship Channel Reopens Following Ship Grounding

The container ship MSC Kyoto heaves-to aground outside the Mobile Ship Channel, April 7, 2014. The MSC Kyoto reportedly experienced a steering failure. (USCG photo)

The U.S. Coast Guard (USCG) reopened the Mobile Ship Channel to all deep-draft commercial vessel traffic at approximately 5 p.m. Monday. The USCG restricted vessel traffic at about 3 a.m. Monday, after the container vessel MSC KYOTO grounded outside the channel.


Transport Engineering Course at OMAE 2014

HMC.PNG

HMC will host ASME Courses on Transport Engineering and Front End Engineering Design from June 7-8, 2014 at The Palace Hotel in San Francisco. The OMAE is the flagship conference of the Ocean Offshore and Arctic Engineering Division of ASME


USCG Tows Disabled Yacht into Jacksonville

Crewmembers aboard the Coast Guard Cutter Diamondback are towing a 70-foot motor yacht Wednesday and are scheduled to arrive at the entrance to the St. Johns River at approximately 9 p.m. There, the tow will be transferred to a 45-foot Response Boat - Medium from Station Mayport, Fla


Ulstein Enters Oceangoing Tug Market

Ulstein Design & Solutions’ sales team on the ocean going tug project, from left: Sigurd Viseth, Thomas Brathaug, Ove Dimmen, and Bjørn Harald Norvik (Copyright ULSTEIN)

Ulstein has sold design and equipment packages for four ocean going tugs to Niigata Shipbuilding & Repair in Japan. The vessels will be built for the Dutch company ALP Maritime Services. The vessels are primarily designed for towing of large structures over long distances


Latest DoD Navy Contracts

USNS Guadalupe: Photo MSC

Vigor Industrial LLC, Moran Towing Corp., and Maersk Line, Ltd.  figure amongst the latest US Department of Defense, Navy, contract awards for various services as follows: USNS ship repair contract – Vigor Vigor Industrial LLC, Portland, Ore


 
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