USCG Proposes Permanent Naval Vessel Protection Zones

Friday, February 22, 2002
The U.S. Coast Guard is proposing to make permanent the current temporary naval vessel protection zones. Minor changes are being proposed, though, including expanding the vessels covered by the zone to include pre-commissioned naval vessels and other vessels under military operational control. Comments on the proposal must be submitted by April 22, 2002. 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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