Friday, May 12, 2006 Maritime News

Quintana Buys 17 Ships for $735m

May 12, 2006

Cargo shipping company Quintana Maritime Ltd. said it is buying 17 ships from a private Greek shipowner for about $735 million, according to a report in the Houston Chronicle.

Oil & Gas Sector Growth to Continue to 2012

May 12, 2006

Record high oil prices have sent the shares of companies in the offshore and marine sectors rallying up an average of 16.5 percent year-to-date. But analysts spoke

Proposal: Safety Zone around LNG Tankers

May 12, 2006

The state Senate of Massachusetts could soon consider a bill that would effectively ban tanker ships carrying liquefied natural gas from moving along Narragansett Bay and the Sakonnet River.

Petroleos de Venezuela Orders 18 Tankers

May 12, 2006

Petroleos de Venezuela SA said it will buy 18 oil tankers from China for $1.3b as South America's largest oil firm seeks to boost exports to Asia. Orders for the

Top Tankers 1Q Profit Rises

May 12, 2006

Greek oil shipping company Top Tankers Inc. said first-quarter earnings rose sharply as the company increased the size of its fleet under operation. Net income rose 59 percent to $30.

Reduced Ferry Service Hurting Businesses

May 12, 2006

North Island tourism operators are bracing for fallout from the reduced ferry service from Port Hardy to Prince Rupert this summer. According to the Port Hardy Chamber of Commerce,

House Bill to Block LNG Tankers From R.I. Waters

May 12, 2006

The House of Representatives on May 10 joined a growing list of official bodies erecting hurdles in front of a proposed liquefied natural gas terminal in Fall River, Mass.

Ship Blast Injures Two

May 12, 2006

Two men were seriously injured following an explosion that resulted in a fire in an inter-island oil tanker off Barangay Lamao in the Philippines, the Manila Standard Today reported.

Daewoo Shipbuilding Wins 730m Orders from Belgium, Greece

May 12, 2006

According to sources, Daewoo Shipbuilding & Marine Engineering Co said it has won 730m in orders from firms in Belgium and Greece. The shipbuilder said it

TSA Releases Advance Copy of TWIC Proposal

May 12, 2006

The Transportation Security Administration (TSA) released an advance copy (277 pages in length) of its Notice of Proposed Rulemaking (NPRM) for implementation

Quintana Buys 17 Ships for $735m

May 12, 2006

Quintana Maritime Ltd. said Friday it is buying 17 ships from a private Greek ship owner for about $735 million. Quintana is financing the purchase with

Coast Guard Station to Hold Change of Command

May 12, 2006

Chief Warrant Officer Jerry J. Farmer will succeed Chief Warrant Officer Michael J. Tumulty as Commanding Officer of Coast Guard Station Neah Bay, Wash., during an official ceremony.

Citizens Help Coast Guard as Radio Towers Undergo Tests

May 12, 2006

Two long range radio towers used by Coast Guard Sector Portland, Ore., to monitor VHF marine radio communications in the Portland area will be undergoing tests,

Northrop Grumman Propels Forward on Bush Carrier Construction

May 12, 2006

Northrop Grumman Corporation has finished installing the propellers on the nation's tenth and final Nimitz-class aircraft carrier, George H. W. Bush (CVN 77).

Navy Dedicated to Winning War in Iraq

May 12, 2006

Ships assigned to Combined Task Force One Five Zero (CTF-150) assemble in a formation for a photo exercise. The multinational Combined Task Force One Five Zero

Dominion E&P Returns to New Orleans

May 12, 2006

Post-hurricane production from The Devils Tower platform includes new subsea fields at Triton and Goldfinger. Located approximately 140 miles southeast of New Orleans,

Defense Bill named in honor of Montgomery

May 12, 2006

The U.S. House of Representatives approved a measure introduced by Congressman Gene Taylor to name the FY07 National Defense Authorization Act in honor of fellow

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