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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


China Shipbuilder’s Profit Rises

According to a report from CRIEnglish.com, on April 15, China State Shipbuilding Corporation (CSSC), the country's largest shipbuilder, posted a 4.32% year-on-year increase in net profit in 2010 on robust growth in revenues. The profit growth was achieved after the company scored 18.3% annual growth in revenues to 29.86 billion by building 56 ships, producing 113 diesel engines and repairing 223 ships.   (Source: CRIEnglish


Polar Tankers Win Prestigious Coast Guard Award

Tankship Polar Discovery: Photo ConocoPhillips

The United States Coast Guard informs that it has recognized ConocoPhillips subsidiary Polar Tankers, Inc. with the Rear Admiral William M. Benkert Osprey Award for Environmental Excellence. Vice Admiral Peter Neffenger, the USCG 29th Vice Commandant


Paris MoU Issues Report on Port State Control

The Paris MoU published its report on 2013’s worldwide flag performance, “White, Grey and Black Lists.” The report indicates further improvements towards quality shipping. Last year Thailand and the United States of America were moved up to the White List


Record 19th World’s Best Award for Crystal Cruises

Female-server-line-up in Crystal Cruises vessel

  For an unprecedented 19th consecutive year–and with its highest score ever–Travel + Leisure readers have voted Crystal Cruises the “World’s Best” Large-Ship Cruise Line in the prestigious magazine’s 2014 annual survey


QinetiQ Signs Contract with ASV

Photo: ASV

QinetiQ, as part of a new Marine Surface Target Service, has signed a contract with Autonomous Surface Vehicles (ASV) for the supply and operational support of autonomous surface target vessels.    The partnership is part of a new initiative enabling QinetiQ's Marine Surface


Golden Ocean Sees 10% Growth

Reuters- Dry bulk carrier Golden Ocean Group Ltd expects double-digit growth in global iron ore trade in 2014, helping its markets pick up momentum and improving rates, the company's CEO Herman Billung said at a conference in Oslo on Wednesday.


MTN Launches Social Media Threat Intelligence

MTN Government (MTNGOV), a subsidiary of MTN Communications (MTN) and a company in satellite communications, cybersecurity and integrated intelligence, surveillance and reconnaissance (ISR) solutions serving U.S. DoD and civilian agencies worldwide


MacGregor Wins Damen RoRo Contract

Each of the new ice-class ferries will be equipped with MacGregor bow doors, a bow ramp/door, a stern ramp, shell doors and a hoistable car deck system

RoRo equipment contract for Damen is supported by MacGregor's experience with Canadian ferry services MacGregor, part of Cargotec, has secured a contract from Dutch shipbuilding group, Damen Shipyards, for the design and delivery of key components for RoRo access equipment for two 80m ice-class


ASRY, ABB Industries Sign Agreement

ASRY signs ABB pact: (L to R) Magdy Mustafa, Nils Kristian Berge, John Fyfe

ABB Industries to open new workshop in ASRY, providing certified turbocharger expertise, global warranties, and onsite access to worldwide network Ship and rig repair specialist ASRY reports that it has signed a co-operation agreement with ABB Industries (LLC), Dubai


Container Shipping May Hoist Financial Distress Signal: New Study

Container terminal: File photo CCL3

Beset by continued sluggish demand, a growing mountain of debt and a radically changing marketplace, listed companies in the global container shipping industry as a whole face a greater risk of financial distress, including possible bankruptcy, than at any time since 2010


APL Logistics Named Carrier of the Year by Barilla Pasta

Image courtesy of APL Logistics

APL Logistics of Scottsdale, Arizona, provides over the road trucking and intermodal services for Barilla in the U.S.  They explain that they achieved perfect scores in categories such as on-time pick-up and delivery and load completion, exceeding requirements and expectations set by Barilla


Simrad Yachting Joins The Billfish Foundation

Emblem

Simrad, world-leader in the design and manufacturer of marine electronics, announced today that it has joined The Billfish Foundation and is one of their 2014 tagging program sponsors. The Foundation has developed the world’s largest private billfish-tagging database as a result of its Tag


China Optimistic of Finding Gas Offshore Vietnam

Offshore rig: File image

A Chinese oil rig whose deployment to waters claimed by Vietnam early this month triggered a rupture in ties has a good chance of finding enough gas to put the area into production, Chinese industry experts said. That would give China its first viable energy field in the disputed South China Sea


Xi Says China Won't Stir Trouble In South China Sea

Chinese President Xi Jinping

  Chinese President Xi Jinping has vowed not to stir up trouble in the South China Sea but said China would react "in the necessary way" to provocations by other countries, the official Xinhua news agency reported.


21 Ports To Receive Awards In AAPA’s 2014 Competition

Logo

  The American Association of Port Authorities (AAPA), a trade association representing leading port authorities throughout the Western Hemisphere, has selected 21 seaports to be recognized for exemplary communications projects and programs at its annual convention and awards luncheon this


Vietnam says China Moving Rig; China Denies Sending Warships

Vietnam said on Wednesday a Chinese oil rig at the center of an increasingly bitter territorial dispute appeared to be on the move again, as China denied Vietnamese accusations that it had sent warships to the scene. The rig's deployment triggered anti-Chinese riots in Vietnam last month that






 
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