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ABS Tapped for West Africa Field Developments
Floating production is the system of choice for all deepwater developments off West Africa to date. The combination of no pipelines, huge reservoirs and benign climate…
GulfMark Files $250M Shelf Registration
GulfMark Offshore, Inc. (Nasdaq:GMRK) announced it has filed a $250 million shelf registration statement on Form S-3 with the Securities & Exchange Commission to…
ABS Offshore Tapped for West Africa Field Developments
Floating production is the system of choice for all deepwater developments off West Africa to date. reservoirs and benign climate conditions equals the use of floating production…
Tanker Rates Collapse At Week End
Tanker rates collapsed towards the end of last week as owners rushed to fix cargoes and move their Very-Large-Crude-Carriers (VLCCs) away from the Mideast Gulf where…
Steamship Historical Society Honors Ships, People
The Ship of the Year Award honors a vessel that has made or is making a major contribution to the purpose of the society. The winner of the 2000 award is the Independence of American Hawaii Cruises…
Seascan Expands Overseas Market
Seascan has extended their presence in the overseas market by appointing two new distributors. Radio Holland South Africa is established in the African market and…
ISH: Steel Import Sanctions Hurt 4Q Earnings
International Shipholding Corp., in announcing its fourth quarter results yesterday, noted that while fourth quarter results were improved from the third quarter…
The Rich Get Richer
Shipping magnate John Fredriksen is Norway's richest man, his tanker company Frontline is the world's biggest, and now his week-old gas transport venture Golar…
CSI Operational in Genoa
U. S. Customs and Border Protection (CBP) Commissioner Robert C. Bonner announced that the Container Security Initiative (CSI) becomes operational today at the port of Genoa, Italy.
Global Marine SCORE Up 7.2%
Global Marine reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for April 2001 increased by 7.2 percent over the previous month's SCORE…
Sri Lanka joins CSI
Sri Lanka has signed an agreement to join the Container Security Initiative (CSI). Only two weeks ago, the Department of Homeland Security announced to beginning of Phase II of CSI…
GlobalSantaFe Reports SCORE for January
GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for January 2003 was flat with the previous month's SCORE.
Stolt Offshore Appoints CFO
Stuart Jackson has been appointed as Chief Financial Officer for Stolt Offshore. He will start with the company on April 22, 2003. industry. Africa. General Manager…
Castor's Downfall: Hyper-Accelerated Corrosion
Few marine incidents have vexed the collective international marine community as much as the recent situation with the damaged product tanker Castor, a ship, which…
Seabulk Offshore Appoints Gray as VP
Seabulk Offshore has appointed Gerald A. Gray as Senior Vice President-International, effective immediately. Gray is responsible for Seabulk Offshore's operations in overseas markets…
SeaWave’s New Stations Completed
SeaWave LLC announced the completion of two new communications stations in South Texas and Seattle, Wash. The new stations consist of multiple antenna arrays which…
ISU Warns that Environmental Salvage is Undervalued
Salvage services with environmental objectives are undervalued, according to the International Salvage Union. ISU President Joop Timmermans told some 200 delegates…
Offshore News
R&B Falcon Confirms U.S. Reading & Bates Development Co. (DEVCO), a wholly owned subsidiary of R&B Falcon Corporation, announced its Boomvang Project in deepwater offshore Texas is proceeding rapidly.
Suezmax Rates Set To Soar
Surging Suezmax tanker rates are set to soar if Iraqi exports come back on stream next week, shipping brokers said on Wednesday. Rates for the one million barrel…
Strong OPEC Discipline Continues Rate Depression
As a consequence of low crude oil volumes out of the Middle East - caused by OPEC restrictions and Iraq's stoppage of exports after rejecting to extend the "Oil…