Tuesday, April 18, 2006 Maritime News

South Korea Shipyards Fear Hull Blocks Shortage

Apr 18, 2006

Shipyards in South Korea are worried about a shortage of hull blocks as demand from Japan grows and local block manufacturers convert to shipyards, Korea Times reported.

U.S. Navy Aims to Cut Sub Costs

Apr 18, 2006

The U.S. Navy has begun an effort to redesign the forward sections of future SSN 774 Virginia-class submarines — one of several moves the service hopes can shrink the ships’ $2.

MBC To Receive New Tanker

Apr 18, 2006

Malaysian Bulk Carriers Bhd (MBC) expects the first of its four new medium-range tankers to be delivered next month, with the balance to be delivered in 2007.

Iraq Allocates $25M for Tanker Purchase

Apr 18, 2006

An official at the Iraqi Oil Tanker Company announced that the Transport Ministry has allocated $25 million to buy two oil tankers, the Middle East North Africa Financial Network reported.

Pogo to Buy Latigo Petroleum for $750M

Apr 18, 2006

Pogo Producing Co. has entered into definitive agreement to acquire privately-held Latigo Petroleum, Inc. for $750m in cash, Trading Markets reported. The Houston,

ONGC’s Sees High Profits

Apr 18, 2006

Oil and Natural Gas Corp. (ONGC), ONGC Videsh Ltd (OVL) and MRPL reported a 9-percent rise in profit for the year ended March 2006 despite slipping on crude oil

Louisiana Port Wary of Next Hurricane

Apr 18, 2006

The only road in and out of Port Fourchon, Louisiana, the main U.S. staging point for deepwater oil and natural-gas production, sits just 2 to 3 feet (61 to 91 centimeters) above the marshland.

Husky's 1Q Net Rises

Apr 18, 2006

Husky Energy Inc.’s first-quarter net income rose 36 percent on higher oil prices and output, Bloomberg reported. Net income rose to $457m from $336m a year earlier.

Euronav Announces Record Results

Apr 18, 2006

The executive committee of Euronav NV reported its financial results for the three months ended March 31, 2006. The company had net income of $93.5 million (2005: $80.

U.S., Coalition Vessels Conduct MSO in Arabian Sea

Apr 18, 2006

The Commander and staff of U.S. Navy Destroyer Squadron (DESRON) 50 embarked HNLMS Amsterdam (A 836) April 7, joining USS Typhoon (PC5), and U.S. Coast

Excavator May be LHWCA Harbor Worker

Apr 18, 2006

The U.S. Court of Appeals for the Ninth Circuit ruled that an excavator was a harbor worker under the Longshore and Harbor Workers’ Compensation Act (LHWCA) when

BAE Wins Research Program

Apr 18, 2006

BAE Systems’ CORDA (Centre for Operational Research & Defense Analysis), has won a new contract from the MoD to lead a research program into maritime defense equipment capability.

Lockheed Martin Awarded $17m Contract

Apr 18, 2006

Lockheed Martin was awarded a $17.4 million contract for systems engineering and integration services in support of the U.S. Navy's Combat System Warfare Federated Tactical Systems (SWFTS).

More shipboard Gantry Cranes from KCI Konecranes to Japan

Apr 18, 2006

Oshima Shipbuilding Co., Ltd has called its option to order four additional 70-ton Shipboard Gantry Cranes (Konecranes-Munckloaders) from KCI Konecranes.

PetroCom Launches VSAT System

Apr 18, 2006

PetroCom’s new Very Small Aperture Terminal (VSAT) satellite communication system is structured around private communication networks. Built with the newest technologies and equipment,

Vietnam Set to Build Tanker

Apr 18, 2006

In July 2006, the Vietnam Shipbuilding Industry Corporation (Vinashin) will set about construction of the first oil tanker for Vietnam’s oil and gas industry.

Conrad Announce Contract Modification

Apr 18, 2006

Conrad Industries, Inc. has entered into a Memorandum of Understanding with the U.S. Army Engineer District, Philadelphia for the issuance of a modification for $4.

New Mexico Native to Command Namesake Submarine

Apr 18, 2006

A native of New Mexico is set become the first commanding officer of his state's namesake submarine, PCU New Mexico (SSN 779). Cmdr. Robert Dain detached

Series of 30m Tugs From Far East Shipyards

Apr 18, 2006

In an efficient near-assembly-line process at Far East Shipyard in Sibu a series of 29-meter tugs are being built and delivered to an Indonesian owner, Pte. Arpeni Pratama Ocean Line Tbk.

Shin Yang Builds Tanker/Landing Craft

Apr 18, 2006

At the end of March Shin Yang Shipping took delivery of an interesting new combination tanker and landing barge. Built at the company’s own yard to a design by


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