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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


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


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


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


LCS MCM MP Puts Navy Closer to Fleet Implementation

It’s All in the Package the Littoral Combat Ship’s Mission Modules

NSWC Panama City hosted a two-week demonstration in July that verified Sailors' ability to conduct maintenance on the Littoral Combat Ship's Mine Countermeasure Mission Package without the assistance of civilian scientists or engineers.  


Signet Tows Aircraft Carrier on Final Voyage

SOLAS Certified, ABS A1, 10,000 BHP, Signet Warhorse III en route to Newport Naval Shipyard to tow USS Saratoga to Brownsville, Texas.

The final voyage of aircraft carrier USS Saratoga begins today. From the Eastern Hemisphere to the Western Hemisphere, the USS Saratoga has made her mark around the globe, and served more than 38 years in the United States Navy. The carrier’s aircraft flew sorties in the Vietnam War


MacGregor's AHTs Equipment Package for Wuhu Xinlian

MacGregor have been able to make a breakthrough into the mid-size anchor handling vessel market with low pressure anchor handling/towing winches

  MacGregor, part of Cargotec, has got an order from Wuhu Xinlian shipyard in China to supply a full package of MacGregor anchor handling tug supply (AHTS) equipment to two 150-tonne bollard pull AHTS/oil recovery vessels. The equipment is scheduled for delivery by May 2015 and an option


ESG to Build Four RA Tugboats

Contract announcement: Image courtesy of ESG

Eastern Shipbuilding Group (ESG) said that Suderman & Young Towing Company & Bay Houston Towing Company have placed orders for a total of four new Robert Allan, LTD. (RAL) Z-Tech 2400 Class Terminal & Escort Tugs at Eastern’s Panama City, Florida facilities.


Ice Class Salvage Ship Launched

The multifunctional ice class salvage ship Spasatel Demidov – the fourth vessel of the MPSV07 project series – has been launched at Nevsky Shipyard. The vessel is being built to the Russian Maritime Register of Shipping (RS) class


Port of Long Beach Honors Contractors

Companies saluted for hiring Long Beach residents for Port project

  Ten building contractors were recognized Monday, Aug. 11, 2014, by the Long Beach Board of Harbor Commissioners for hiring the most Long Beach residents for construction jobs at the Port of Long Beach’s Middle Harbor Redevelopment Project.


"Bhagwan Pride" Arrives at Bhwagwan Marine

Bhagwan Pride (Credit: Damen)

Two months post-contract signing, Australia’s Bhagwan Marine received the delivery of Damen ASD 2310.   The tug, named Bhagwan Pride, will begin her duties with operations at an LNG development near the Barrow Island Marine Park, off the Australian West Coast


Repowered Tug Tows Nonstop

Photo courtesy Laborde

For its third repower with Smith Maritime, Laborde supplied three Mitsubishi S12R-Y2MPTK Tier II engines rated at 5,000 hp for the tug Rhea. For its maiden voyage, Rhea towed a huge piece of oilfield equipment from Texas to Cape Verde Islands off of Africa before moving on to Nigeria


Fugro to Continue the Search for MH370

Photo courtesy of Fugro

The Australian Transport Safety Bureau (ATSB) has awarded Fugro an additional contract for the deployment of two specialist vessels, equipment and expertise in the deepwater search for the missing Malaysia Airlines flight 370 (MH370).  


Marcon Brokers Sale of Ocean-Going Tugboat

Tugboat Melvin E. Lemmerhirt: Photo Marcon International

Marcon International, Inc. of Coupeville, Washington, says it has sold the U.S. flag ocean-going twin screw tug "Melvin E. Lemmerhirt" to U.S. buyers on a private & confidential basis. The 3,900BHP tug was built in 1973 for Great Lakes Dredge & Dock Co


Combat Cold Corrosion via Condition Monitoring

Cold Corrosion Test Kit

Parker Kittiwake explains why frequent condition monitoring is the most effective measure in combating the recent cold corrosion phenomenon The recent trend in favoring newer generation engines which offer improved fuel consumption by using a longer stroke reflects the marine industry’s


Crowley Christens New DP2 Tugboat

Jennifer Legg christens Ocean Sky: Photo Crowley Maritime

Crowley Maritime Corp. said that the third of four tugboats in the Ocean-class series, Ocean Sky, has been christened in Houston. The ceremony served to formally welcome the third dynamic positioning (DP) tugboat to the company’s expanded ocean towing fleet


MTU Powers Fleet of Inland Waterway Towboats

Installing new MTU engines has improved Southern Towing’s fuel consumption and maneuverability.

Industry-leading Ironmen diesel engines power four new builds and two repowers in Southern Towing’s inland waterway fleet MTU, the specialist for propulsion and power systems for ships and commercial marine equipment, has been selected by Memphis-based Southern Towing Company to power six


Upcoming Maritime Recruitment Fair at CMTI

Maritime Studyies Lecture: Image courtesy of CMTI

Chesapeake Marine Training Institute (CMTI) says that Norfolk Tug will be among the maritime companies recruiting new talent at its professional mariner job fair August 13, 2014, from 9 a.m. to 3 p.m. at the CMTI campus in Hayes, Va. CMTI adds that Vane Brothers will also be on hand


Concordia Expected to Reach Genoa Saturday

The Costa Concordia wreck is expected to reach Genoa Saturday (Photo courtesy of Titan Salvage)

The Crowley Maritime Corp. subsidiary TITAN Salvage and partner Micoperi have confirmed that the Costa Concordia – the Concordia class cruise ship that wrecked along shores of Giglio Island, Italy, in January 2012 – has been refloated and has begun its final voyage to an assigned berth






 
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