S. 1214 Causes Concern For Ports
Port Director Mike Leone told members of the Senate Commerce Committee during a July 24 hearing that the "Port and Maritime Security Act of 2001," S. 1214, introduced on July 20…
Clean Tanker Rates Set For Tumble
Rates for clean tankers in the Pacific Basin are set to tumble, undermined by dwindling Atlantic Basin demand displacing a vast fleet of cut-price medium-range ships…
Australian Port Bid Pending
The lead sale consultant for the sell-off of South Australia state's main ports was on Tuesday confident of a good outcome as two final bids were evaluated, but said a final decision was still weeks…
Diamond Offshore Awards $34M In Rig Contract
Keppel FELS Energy & Infrastructure won contracts worth a total of $34 million from subsidiaries of Diamond Offshore Drilling Inc. The contracts awarded to units Keppel FELS Ltd. and Amfels Inc.
SembCorp First Half Down 6%
SembCorp Marine posted a 6.4 percent drop in half-year net profit to S$39.2 million ($21.4 million) from S$41.9 million in the first six months of 2001. The Singapore…
Stolt Offshore Inks $135M Shell Deal
Norwegian offshore contractor Stolt Offshore was awarded a $135 million contract from Shell Petroleum Development Company in Nigeria for pipelay work. The contract…