MarAd Maintenance & Repair Reimbursement Pilot Program

Tuesday, February 06, 2007
The U.S. Maritime Administration (MarAd) is amending its regulations relating to the maintenance and repair reimbursement program for ships enrolled in the Maritime Security Program (MSP). The changes come into effect on March 8. Source: HK Law

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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