Coast Guard Awards Salvage Contract to Titan

Tuesday, May 07, 2002
The U.S. Coast Guard has awarded a $3.5 million contract to Titan Maritime, LLC, of Dania, Florida to conduct an underwater assessment of the sunken shipwreck S.S. Jacob Luckenbach, and remove any recoverable oil discovered within the fuel tanks of the vessel. The shipwreck was identified in February as the ongoing source of pollution that has periodically oiled thousands of sea birds off the California Coast. The contract award is the culmination of an intensive evaluation and selection process that reviewed proposals from many world-class salvage organizations. Work is expected to begin later this month.

Contracts

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

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

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

 
 
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