Another Ship to Leave Ghost Fleet

Thursday, July 13, 2006
The Daily Press has reported that MarAd is scheduled to tow away another obsolete ship from the James River Reserve Fleet, which sits off the coast of Newport News, Va. The Saugatuck is a former Navy oil refueling vessel built in 1942. It's the 52nd ship to leave the fleet since 2001. Bay Bridge Enterprises in Chesapeake will dismantle the ship. Source: Daily Press

Offshore

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Onshore Spending on the Cusp of Recovery?

DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will

 
 
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