Oil Majors Celebrate Higher 1Q Earnings
Not only did most oil producing companies post increased income and revenues in the first quarter 2000, compared to 1999, but in some cases, the increases were record-setting.
The Department of the Interior's Minerals Management Service (MMS) has disbursed $65 million to six coastal states: Alabama, Alaska, California, Louisiana, Mississippi and Texas.
IRS Developing Reporting Requirements for Tank Barge Operators
The Internal Revenue Service (IRS) is preparing to implement a reporting system requiring tank barge operators to file monthly reports on deliveries of taxable fuel to and from bulk liquid terminals.
Senator Slade Gorton (R-Wash.) introduced the "States Prevention of Oil Tanker Spills Act" (S. 2506), which seeks to reinstate Washington state oil tanker safety…
ConAgra Inc., the second largest U.S. food manufacturer, has agreed to sell American Commercial Lines LLC (ACL) its large U.S. inland barge fleet and operations.
Cammell Laird Sole Bidder For Bulgarian Yard
British ship builder and repairer Cammell Laird Holdings Plc is the sole bidder for Bulgaria's Varna Shipyard, which faces insolvency, the Ministry of Economy said.
Pumping of Remaining Erika Fuel Set To Begin
The first of five pollution-fighting vessels was to arrive in the French port of Brest on Monday to prepare to pump out tons of viscous fuel oil still lying in the hold of the sunken tanker Erika.
Thirteen Die In Tanker Fire
At least 13 people were killed and 50 injured when fire broke out aboard a disused oil tanker near Bangladesh's Chittagong port on Wednesday, police and fire officials said.
SembCorp Gets BP Shipping Deal
Singapore's Sembawang Shipyard Pte Ltd., a subsidiary of SembCorp Marine, has entered an agreement to repair the Far East fleet of BP Shipping Ltd. for an indeterminate amount of time.
Harland & Wolff Wins $350M Order
Northern Irish shipyard Harland and Wolff has won a provisional order worth more than $350 million to build two luxury cruise liners, company officials said. The shipyard…
Revamped Software Systems Results in Substantial Savings
In a rapidly changing, increasingly technological world, companies are finding it more important to change the way they invest their man-hours and expand their facilities.
San Rafael, a 204 x 44 x 16 ft. OSV was recently launched by Eastern Shipbuilding Group. The vessel is being constructed for Naviera Tamaulipas, S.A. de C.V. of Tampico…
A.P. Moller Places Tanker Order
A.P. Moller has placed an order for four product tankers with Guongzhou Shipyard International in Hong Kong. Including options, the contract brings the number of new product tankers ordered by A.P.
Frontline Acquires Golden Ocean
Norwegian shipping company Frontline has signed an agreement to take over U.S.-based Golden Ocean Group. Frontline has reportedly signed a term sheet with Golden Ocean…
Military Officials Under Investigation For Part In Erika Spill
Three military officials working at the Brest maritime office in western France have been put under investigation over alleged failure to react to the sinking of the tanker Erika…
UK Ferries Among Least Safe In Europe, Survey Finds
A safety survey found that three of the four worst performing ferries in Europe sail from British ports. The survey of 26 ferries by European motoring organizations…
Dutch Barge Owners Order Nearly 200 Vessels
Dutch private barge owners have ordered about 200 new vessels, which will require a total investment of about $638 million, the Dutch inland shipping office said.
China Shipping Expands Tanker Fleet
China Shipping Development Co. Ltd. has entered into a series of ship chartering agreements worth $12.2 million with associates of its parent company China Shipping (Group) Co.
Houston Ship Channel Closed Due To Sunken Tugboat
A mile-long stretch of the Houston Ship Channel was closed to through traffic on Tuesday because of a sunken tugboat, the U.S. Coast Guard said. The channel, one…
Bergesen To Replace Staff, Cut Costs
Norwegian shipping company Bergesen plans to replace around 600 European staff members by the end of 2002 to create cost savings worth about $22.4 million a year, company officials said.