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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'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


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 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 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


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)


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.


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


Cargo Container Security Alliance Formed

Photo courtesy of Contguard

SC-integrity, Inc. (LoJack SCI) and Contguard Ltd. announced a strategic alliance designed to provide their customers with security and real-time visibility of supply chain assets and cargo on a global basis. LoJack SCI will exclusively offer the Contguard CMU (Cargo Monitoring Unit) service for the North American market. Working together, LoJack SCI, with its SC iOn Command Center web-based user portal and 24/7 monitoring center specialists, and Contguard


Maersk Opens Direct Cork-Cuba Service

Photo: Maersk Line

 Danish shipping giant Maersk — the world’s largest container carrier — began its first ever connection between northern European ports and Cuba last Friday, promising the fastest freight transit times between Europe and the Cuban port of Mariel.   


Allcargo Groups Subsidiaries as ECU Worldwide

ECU Line, Econocaribe and China Consolidators undergoes rebranding to build a Global Brand Connect   India’s integrated logistics solution provider Allcargo Logistics Ltd announced the rebranding of its global subsidiaries, ECU Line, Econocaribe and China Consolidators to ECU Worldwide


Republic of the Marshall Islands Continues Strong Growth

Image: Republic of the Marshall Islands (RMI) Maritime and Corporate Registries

 International Registries, Inc. and its affiliates (IRI) provide administrative and technical support to the Republic of the Marshall Islands (RMI) Maritime and Corporate Registries.   The RMI Maritime Registry has surpassed another significant fleet milestone


Containership Outperforms Environmental Standards

MV Carl Schulte (Photo: BSM)

A state-of-the-art containership designed by the Schulte Group to meet the most stringent international environmental standards is already outperforming in terms of design and performance and attracting positive attention in the industry.


Jack-up Earns ABS and DNV GL Design Approval

Photo courtesy of GustoMSC

Launched in March 2015, the CJ54 cantilever drilling jack-up has recently received full Basic Design Approval from two major international offshore drilling classification societies; ABS and DNV GL.   Designed in accordance with the required safety standards of both ABS and DNV GL


CSX Plans $272 Million Intermodal Rail Terminal in NC

Image: METRANS Global Logistics

 Florida-based transportation giant CSX Corp. is planning a $272 million intermodal rail terminal in North Carolina serving the Raleigh region that it envisions as a major transportation hub to make the state’s ports more competitive.  


DP World Tops Middle Eastern Index

DP World Chairman HE Sultan Ahmed Bin Sulayem

  For the third year running, DP World is the top stock in the S&P/Hawkamah Pan Arab ESG Index. The index is the first ever of its kind in the Arab world and ranks the transparency and disclosure of regional listed companies based on Environmental


Videotel’s API Enables Integration with Crew Management Software

Videotel, a global provider of e-Learning maritime training solutions and a company of KVH Industries, Inc.,  has released the Videotel Partner API, an application programming interface that facilitates the exchange of data between Videotel and any of its clients’ crew management


Peak Shipping Season Is Approaching For United Yacht Transport

Image: United Yacht Transport

 Spring is the busiest season for United Yacht Transport, the North American leader in boat transport. The international boat transporters are set to complete various shipments in the upcoming months.   In the beginning of the year


Technip Named Industry Leader in Sustainability by RobecoSAM

Courtesy Technip

Technip has been recognized as industry leader and has received Gold Class distinction for its sustainability performance in the ‘Energy Equipment and Services’ sector according to the 2016 RobecoSAM Sustainability Yearbook. Technip has been listed in the Dow Jones Sustainability


The New Standard in Transportation and Propulsion

Cargo vessel Coastal Standard (Photo: Coastal Transportation)

The latest addition to the Coastal Transportation fleet, MV Coastal Standard, was built at Dakota Creek Industries Shipyard in Anacortes, Wash. with a design developed to maximize cargo carrying capacity while minimizing construction and operating costs, according to the shipbuilder


Hapag-Lloyd Ups Special Cargo Focus

A ship propeller with a diameter of 9.2 meters is loaded onto a Hapag-Lloyd ship (photo: Hapag-Lloyd)

Container shipper Hapag-Lloyd said it has intensified its focus special cargo for container vessels. In order to be able to transport more cargo which does not fit into standard containers due to oversize or overweight, Hapag-Lloyd has strengthened its team of specialists


DNV GL ECO Insight: Incentive Provider for Enviro Ship Index

Image: DNV GL

 DNV GL’s fleet performance management solution ECO Insight has become an incentive provider for the Environmental Ship Index (ESI), a voluntary system designed to improve the environmental performance of sea going vessels.   


Smugglers Use Facebook to Advertise Boat Trips to Italy After EU-Turkey Deal

Smugglers based in Turkey are offering to take migrants to Italy instead of Greece where they are likely to be deported under a deal between the Ankara government and European Union, according to a newspaper report.   The Guardian said on Thursday that smugglers had used Facebook to


XL Catlin Unveils Cargo Insurance Policy

Anne Marie Elder (Photo: XL Catlin)

XL Catlin’s Americas Marine business has introduced its first new marine product, an insurance policy to offer cargo insurance coverage on a domestic, foreign or worldwide basis.   According to Anne Marie Elder, Chief Underwriting Officer of XL Catlin’s Americas Marine business






 
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