Statement Regarding
Transocean Inc. Releases Update on Fleet Contract Status
Transocean Inc. (NYSE:RIG) announced that its report of drilling rig status and contract information covering the company's offshore drilling fleet has been updated as of October 30, 2007. Drilling rig status and contract information on Transocean Inc.'s offshore drilling fleet has been condensed into a report titled "Transocean Fleet Update," which is available through the company's Worldwide Web address at www.deepwater.com. Statements regarding the estimated duration of client contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects, other out of service time, as well as any other statements that are not historical facts in the report, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the future prices of oil and gas and other factors detailed in the company's most recent Form 10-K and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.
ISM Code Implementation - Phase II
Certain freight vessels and self-propelled mobile offshore drilling units (MODUs) to which the ISM Code does not currently apply will come within its ambit on 1 July 2002. The U.S. Coast Guard will require, commencing January 15, 2002, that such vessels include in their advance notice of arrival to the United States a statement regarding their status under the ISM Code. At the same time, the Coast Guard will commence a pre-enforcement campaign to verify ISM Code compliance and issue letters to
Transocean Awarded Contract
Transocean Inc. announced that a subsidiary of Eni has awarded an estimated six-month contract for the semisubmersible rig Transocean Legend for drilling operations offshore Indonesia. The contract is expected to commence in November 2006, following the completion of an existing contract commitment offshore Sakhalin Island. Revenues that could be generated over the estimated six-month contract period total an approximated $79 million, excluding revenues for mobilization
Sea Containers Being Investigated
The law firm of Finkelstein, Thompson & Loughran announces that a lawsuit seeking class action status has been filed in the United States District Court for Southern District of New York against Sea Containers Ltd. and certain of its officers and directors on behalf of purchasers of Sea Containers securities between March 15, 2004 and March 24, 2006, inclusive, Finkelstein, Thompson & Loughran is investigating similar claims at this time and welcomes inquiries from
Salazar Statement on Leasing Court Ruling
U.S. Department of the Interior Secretary Ken Salazar issued the following statement regarding the U.S. Court of Appeals for the District of Columbia Circuit ruling on DOI’s request for clarification of the Court’s earlier decision to vacate the 2007-2012 Outer Continental Shelf oil and natural gas leasing program: “I am pleased with the Court’s decision. Consistent with the Department’s request
Royal Caribbean Issues Statement Regarding Millennium
Celebrity Cruises has been working in cooperation with Chantiers de l'Atlantique, the builder of its newest ship, Millennium, to evaluate the ship's performance. The ship is equipped with the cruise industry's first gas turbine engines, and testing has demonstrated that Millennium has unusually low levels of noise and vibration. However, testing also has shown that under certain unusual sea conditions a vibration could be felt within certain areas of the ship.
Carnival CEO Issues Statement Regarding Costa Concordia
The statement of Micky Arison, chairman and CEO of Carnival Corporation & plc, parent company of Costa Cruises: We are deeply saddened by the reports of additional deaths following the grounding of the Costa Concordia. On behalf of the entire Carnival Corporation & plc team, I offer our heartfelt condolences to all of those families affected by this tragedy. Our immediate priority continues to be supporting rescue and recovery efforts and looking after our
EC Seeks to Establish Own Transportation Accident Review Panel
The EC intends to set up an Independent Group of Experts to advise the EC on a strategy for dealing with accidents in the transport sector. According to a press statement issued by the EC, the Group would conduct independent technical investigations geared toward revealing the causes of accidents and would be modeled on existing legislation regarding accidents in air transport.
Tug escort requirements for Port Hueneme
The California Office of Spill Prevention and Response (OSPR) issued a Notice of Proposed Rulemaking regarding the tank vessel escort requirements for Port Hueneme. The major purpose of the proposal is to make these regulations consistent with those for other California ports. No additional costs for the regulated community are anticipated, based on this proposal. OSPR also issued the Draft Amendment and the Initial Statement of Reasons
WCI Chairman Issues Statement
Rick Calhoun, President of Cargo Carriers (Cargill) and Chairman of Waterways Council, Inc., released a statement today regarding the state of emergency on the Lower Mississippi River. “The inland waterways navigation system is the most important transportation asset in the United States and is vital to the economic well-being of this country,” Calhoun said. “We urgently call on the Federal government today to take all necessary steps to provide funding for this
Managing Jones Act Personal Injury Litigation
Preparation, Preservation of Resources Sets the Table for a Successful Trial Verdict Even the safest, most careful marine operator will, at some point in time, have an accident aboard one of their vessels. And, despite the best of intentions, sometimes employees gets hurt
TT Club Reports Positive Trading Performance
Specialist liability insurer for the international transport and logistics industry TT Club said it had another good performance for the year ended December 31, 2012, with further increased gross written premiums, and the club now maintains its A- (Excellent) rating for the past eight years.
MARAD Deputy Matsuda Resigns
David Matsuda, the U.S. Maritime Administrator, announced that he is stepping down. In a statement released by Marad spokesperson Kim Strong, Matsuda's career highlights and accomplishments were also listed. The statement reads as follows:
TSA Expansion Update: WTSA Suspended
The Westbound Transpacific Stabilization Agreement (WTSA) recently filed an amendment with the Federal Maritime Commission (FMC). The following statement regarding the WTSA amendment was issued today by Commissioner William P. Doyle of the FMC.
BSEE Announce Final Safety Culture Policy Statement
The Bureau of Safety and Environmental Enforcement’s (BSEE) Director James Watson released the Bureau’s final Safety Culture Policy Statement. The non-regulatory statement defines nine characteristics that are indicative of a robust safety culture
Star Bulk Proposes $75 million Backstopped Equity Rights Offering
Star Bulk Carriers Corp. announced that its Board of Directors approved a backstopped equity rights offering, which will allow the company to raise equity capital through the sale of its commonshares. The proceeds are expected to be primarily used for orders for fuel-efficient dry bulk vessels
CLIA Welcome 'Whodunit' Proposals
Cruise Lines International Association (CLIA) commend the International Maritime Organization's (IMO) Legal Committee's proposals for on-board crime procedures. The International Maritime Organization's (IMO) Legal Committee recently adopted a proposal which CLIA co-sponsored on international
Proposed Changes to 'Food for Peace' Program Resisted
USA Maritime, a coalition of ship owning companies, maritime labor organizations & maritime trade associations states its position. USA Maritime Chairman James L. Henry corrects reports about the efficacy of the U.S. Merchant Marine in delivering U.S
Crime on Board: IMO Legal Committee Draft Guidelines
The Legal Committee of the International Maritime Organization (IMO), has drafted advice for masters of ships on preservation & collection of evidence. Draft guidelines on the preservation and collection of evidence following an allegation of a serious crime having taken place on board a ship
BSEE Completes Final Rule
As part of the Bureau of Safety and Environmental Enforcement’s (BSEE) commitment to promoting offshore safety at all levels, at all times, Director Jim Watson has announced another step in a series of efforts to further identify, address and manage operational safety hazards and impacts
Rare Chinese HK Dock Strike Supported
Dock workers at Hong Kong International Terminals (HIT) on strike since 30, March 2013, get international union support. In their latest statement the International Transport Workers' Federation (ITF) express their continuing solidarity with locked out Hong Kong dockers
Northwind NV To Build Wind Farm off Belgian Coast
Northwind NV received statements of compliance for site assessment and site specific design assessment from GL Renewables Certification (GL RC). The Northwind Offshore Wind Farm will be located on the Bank Zonder Naam (Lodewijkbank) off the coast of Zeebrugge, Belgium
Nordic American Tankers Announce Public Offering
Nordic American Tankers Limited announced commencement of a public offering of $87 million aggregate amount of common shares pursuant to the Company's effective shelf registration statement. The company then announced a follow-on offering of 9.75 million common shares has been priced at $9
Navy Training, Testing & Marine Mammals
Rear Adm. Kevin R. Slates 
Director, Chief of Naval Operations Energy and Environmental Readiness Division comments on the authorization process: The Navy is renewing authorizations that will enable us to continue to train and test live sonar and explosives at sea for another five years (2019)
NOIA Applauds Bi-Partisan Support for Atlantic Seismic EIS
National Ocean Industries Association (NOIA) President Randall Luthi today issued the following statement applauding a bi-partisan letter from U.S. Representatives to President Obama urging the finalization of the long-delayed Atlantic Seismic Environmental Impact Statement (EIS):