Ship Scrapping Knocked, But Alternatives Elusive
Government and environmental leaders reportedly criticized procedures for scrapping old ships, but offered few alternatives for improving the poor safety and environmental record of the industry.
Aker Maritime Wins Combisa Oilfield Deal
Aker Maritime reportedly won a deal from Mexican consortium Combisa to build the decks of three platforms for the Cantarell oilfield operated by Mexican state oil company Pemex.
Qatar Rasgas Starts LNG Exports, Ship Leaves For U.S.
Qatar-based Ras Laffan Liquefied Natural Gas Company (Rasgas) reportedly started its first gas exports, two months earlier than planned.
Frontline Buys More Of ICB
Frontline Shipiping reportedly bought additional shares in Swedish oil shipping company ICB Shipping AB in a battle for control.
Titanic Discoverer Makes Oldest Deep Sea Find
The team who found the wreck of the Titanic reportedly discovered two Phoenician ships off the coast of Israel 2,700 years after they sank with their cargo of wine.
Repsol/YPF Deal Leaves Few Argentine Owned Oil Companies
Repsol SA has reportedly merged with YPF SA, Argentina's largest company, leaving only a handful of oil firms still in Argentine hands.