Bollinger To Construct Double Hull
Bollinger Marine Fabricators, Amelia, La. has signed a contract to construct a pair of 250-ft. (76.2 m), double hull, jumbo coastwise service, single rake hopper barges for Tide Leasing of Birmingham…
Turkey to Rehabilitate Bank for Maritime Sector
Turkish deputy Prime Minister Mesut Yilmaz said one of the eight troubled banks controlled by a central bank fund would be rehabilitated to provide financing for the maritime sector.
Ukraine To Sell Stake in Shipbuilder
Ukraine will sell a 78 percent stake in shipbuilding company Okean in an auction on September 11, the State Property Fund said. The stake in the company, located in Mykolayiv in southern Ukraine…
Moody's Rates Princess Cruises Bonds
Moody's Investors Service today assigned a Baa1 rating to the proposed $500 million bonds of P&O Princess Cruises plc, a new company to be formed by the planned…
OceanConnect.com Accomplishes Premiere Bunker Transaction
OceanConnect.com completed its first auction - just 72 hours subsequent to going "live" in Rotterdam/ARA. In its first week of operation alone, the site recorded 361…
Conoco, Maritrans To Develop Gulf of Mexico Shuttle Tanker Technology
Conoco Inc. and Maritrans Inc. are jointly developing advanced shuttle tanker technologies to safely transport newly discovered deepwater Gulf of Mexico crude oil reserves to U.S.
Brazil Slaps Petrobras With Record Fine For Oil Spill
Brazil's government slapped state oil giant Petrobras with a record fine of nearly $100 million on Aug 1 for causing the country's worst oil spill in 25 years in a disastrous July pipeline rupture.