Worldwide Score
GlobalSantaFe SCORE Shows Continued Worldwide Market Weakness
GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for August 2002 was down from the previous month's SCORE by 4.5 percent. GlobalSantaFe President and CEO Sted Garber said, Worldwide SCORE showed continued weakness in August for the semisubmersible rig market.This was especially true in the North Sea, where overall softness continued to put downward pressure on semisubmersible dayrates. GlobalSantaFe's SCORE compares the profitability of current mobile offshore drilling rig dayrates to the profitability of dayrates at the 1980-1981 peak of the offshore drilling cycle.In the 1980-1981 period, when SCORE averaged 100 percent, new contract dayrates equaled the sum of daily cash operating costs plus approximately $700 per day per million dollars invested.In addition to a worldwide SCORE covering key types of competitive offshore drilling rigs in key drilling markets, a separate SCORE is calculated for certain types of rigs and certain regions to indicate the relative condition of rig markets.The release, which is made available for publication on the third Monday of each month, includes separate SCORE calculations for the U.S. Gulf of Mexico, the North Sea, West Africa and Southeast Asia.Rig types include jackup and semisubmersible rigs.
GlobalSantaFe Worldwide SCORE Slightly Down
Worldwide oil and gas drilling contractor GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for October 2003 was down 0.2% from the previous month's SCORE. GlobalSantaFe's SCORE compares the profitability of current mobile offshore drilling rig dayrates to the profitability of dayrates at the 1980- 1981 peak of the offshore drilling cycle. In the 1980-1981 period, when
GlobalSantaFe SCORE Remain Strong
Worldwide oil and gas drilling contractor GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for May 2005 was up 2.8% from the previous month's SCORE. GlobalSantaFe's SCORE compares the profitability of current mobile offshore drilling rig dayrates to the profitability of dayrates at the 1980- 1981 peak of the offshore drilling cycle. In the 1980-1981 period, when SCORE averaged 100 percent
GlobalSantaFe SCORE Forge Ahead
Worldwide oil and gas drilling contractor GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for June 2005 was up 9.2% from the previous month's SCORE. GlobalSantaFe's SCORE compares the profitability of current mobile offshore drilling rig dayrates to the profitability of dayrates at the 1980-1981 peak of the offshore drilling cycle. In the 1980-1981 period, when SCORE averaged 100 percent
GlobalSantaFe SCORE Down 0.5%
Worldwide oil and gas drilling contractor GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for August 2007 decreased 0.5%, to 135.8 from the June month's SCORE of 136.4.
GlobalSantaFe's Worldwide Semisubmersible SCORE Reaches 18-Month Low
Worldwide oil and gas drilling contractor GlobalSantaFe Corporation has reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for September 2002 was down from the previous month's SCORE by 1.4 percent. GlobalSantaFe President and CEO Sted Garber said, "The Gulf of Mexico SCORE reversed from last month's dip. New, higher semisubmersible dayrates contributed to the area's improvement in September
Carnival Legend Earns Perfect Scores
The new 88,500-ton Carnival Legend scored perfect 100s from both the U.S. Department of Public Health and Canadian Public Health Service during inspections in Baltimore and Halifax, Nova Scotia, earlier this month. The new 2,124-passenger vessel, which entered service in August 2002 and embarked on a six-day Bermuda cruise from Baltimore yesterday, Oct. 30, received perfect marks on all 42 items that comprise the U.S. Public Health Service's Vessel Sanitation Program (VSP)
Costa Atlantica Perfect Vessel Sanitation Score
The Costa Atlantica, a member of the Costa Cruises fleet, the largest Italian travel company and Europe’s n.1 cruise line, scored full marks (100) in a recent inspection conducted by the Centers for Disease Control and Prevention (CDC) in the United States. The inspection was held on September 26 during a stopover in New York, one of the port calls of the Costa Atlantica during the latter part of her transatlantic cruise
MOL Receives Top Ocean Carrier Ranking from Shippers
MOL has received the highest overall score in the ocean-shipping category from shippers participating in Logistics Management and Distribution Report’s annual Quest for Quality Program. This is the second year in a row MOL was ranked number one in the international ocean shipping category based upon the results of a qualified survey, in which shippers were asked to evaluate the performance of their service providers.
This Day in Naval History - Feb. 15
1856 - USS Supply, commanded by Lt. David Dixon Porter, sails from Smyrna, Syria, bound for Indianola, Texas, with a load of 21 camels intended for experimental use in the American desert west of the Rockies. 1898 - The battleship USS Maine "mysteriously" blows up in Havana Harbor in Cuba, killing more than 260 Sailors and Marines while injuring scores more. The tragedy sparks the Spanish-American War. For more information about naval history
SBS Worldwide Appoints New General Manager
SBS Worldwide appointed Mike Barber as General Manager – Manchester. He will help SBS continue building the full range of forwarding and supply chain services it offers in the north of the U.K. Mr. Barber has 40 years’ experience in the forwarding and logistics industry
Latest US Navy Contracts
The Department of Defense, has issued the following relevant Navy contracts. Container ship charter Teras BBC Ocean Navigation Enterprise Houston, LLC, Bellaire, Texas, is being awarded a $9,847,700 firm-fixed-price contract with reimbursable elements, for the worldwide charter of one U.S
T&T Salvage Strengthens Singapore Team
T&T Salvage recruited three salvage professionals, Lee Hiok Liang, Alex Ang Yew Boon, and Hussain Shah, for its Singapore base. Lee Hiok Liang joins as a naval architect from a diverse background of twenty years of experience in the marine industry
A/S Dan-Bunkering to Expand in Asia
Worldwide supplier of bunker fuels A/S Dan-Bunkering Ltd. expanded its activities in China with an office in Beijing. The Danish-owned company already has offices in Denmark, Monaco, Kaliningrad, Houston, Singapore and Shanghai. The latest addition in Beijing will help provide the
USCG and CMTI Warn of Counterfeit Fire Extinguishers
Beware of counterfeit U.S. Coast Guard-approved portable fire extinguishers. The U.S. Coast Guard announced that it was made aware of counterfeit extinguishers said to be manufactured by Amerex Corporation and Buckeye Fish Equipment. “Both companies are major producers of genuine
SBS Worldwide Announce Lars Kloch as CEO
SBS Worldwide promoted their U.S. CEO Lars Kloch to CEO – Freight Division, expanding his existing U.S. role to take responsibility of their global freight operations. Kloch takes up the role with immediate effect and will become responsible for developing SBS Worldwide’s
Safe Affordable Ferry Competition
Call for Entries: Safe Affordable Ferry Competition, Open to Students Worldwide. Registrations are now being accepted for the Worldwide Ferry Safety Association (WFSA)’s annual student competition for the design of safe affordable ferries to serve developing nations
Pole Star Appoints Andrew Peters CEO
Pole Star, fleet managers, ship security & vessel monitoring providers, appoint Andrew Peters as compsny Chief Executive Officer. The appointment follows the retirement of interim CEO, Colin Hook, who will continue to serve as a non-executive director of the board.
CMA CGM Receives the Highest Score
In January 2013, the Group-owned CMA CGM fleet was rewarded by state ports (Port State Control), the highest score for its fleet in recognition of the fleet’s compliance with international regulations regarding safety at sea, technical / regulatory compliance and pollution prevention.
US DoD Extends Austal Chartering Contract
The Dept of Defense exercise a 6-month option period for worldwide charter of a US-flagged passenger/cargo ferry. The vessel will support the Marine Corps, Third Marine Expeditionary Force, and will operate out of Okinawa, Japan. US Department of Defense state that contract funds in the
Hapag-Lloyd Gets Four of the 'Best'
Staff from four leading international forwarders have voted Hapag-Lloyd the best shipping line for 2012. Four leading international forwarders have crowned Hapag-Lloyd as their best partner as follows: Kühne + Nagel (“Best Carrier Award”) and DB Schenker (“Ocean
USN Accepts First MUOS Satellite for Operations
U.S. Strategic Command (USSTRATCOM) has accepted the first Mobile User Objective System (MUOS) satellite for initial operational use. MUOS is a next-generation narrowband tactical communications system designed to improve communications for U.S. forces on the move
London P&I Club Urges Maintenance of Hold Pipework
The London P&I Club has urged shipowners to ensure proper maintenance of cargo hold pipework in order to prevent wet damage to cargo, which has become a regular source of claims. In the latest issue of its StopLoss Bulletin, the club notes
TBS Appoint Gregg McNelis Permanent CEO
TBS Shipping Board of Directors appoint the Company’s co-founder & Chief Operating Officer, Gregg McNelis, to Chief Executive Officer & President. TBS Shipping Limited (TBS) provides worldwide shipping solutions to industrial shippers through its Five Star Service: ocean
Reliability at Ship and Box Level Down Slightly in Q3
Container service reliability across all trades fell marginally in the third quarter with the percentage of on-time ship arrivals dropping to 73.5%, down from the record high of 75.7% set in the second quarter, according to Drewry’s quarterly report Carrier Performance Insight.
