McAlear Named CEO Of Kvaerner Philadelphia Shipyard
Kvaerner, the Anglo-Norwegian engineering and construction Group, has elected Ronald J. McAlear, as CEO of its Philadelphia Shipyard. He replaces Baard Bale, who…
U.K. Orders Six RoRo Ferries; Four Amphibious Ships
The British government placed much-anticipated contracts for six RoRo ferries with two going to UK yards, and four going to a German shipyard. Defense Secretary…
Jones Act Waiver Not Likely
Efforts by U.S. officials and oil firms to waive Jones Act shipping requirements and increase available oil tankers to the Northeast are so far dead in the water, the U.S.
Japanese To Combine Tanker Ops
Nippon Mitsubishi Oil Corp. and Cosmo Oil Co. Ltd., Japan's largest and third-largest oil refiners respectively, will integrate their tanker operations in November…
Divers Make First Hole In Kursk, Send Camera Inside
Divers trying to recover the remains of 118 sailors from the wreck of the Kursk submarine have cut the first man-sized hole in the vessel, a Russian navy spokesman said.
HK, U.K. Sign Double Taxation Legislation
Hong Kong signed an agreement with Britain to avoid double taxation on shipping, exempting owners of Hong Kong ships from paying tax levied on cargo taken up in Britain, and vice versa.
Mississippi Traffic Stalled
Barge traffic on the upper Mississippi River was slowed on Oct. 24 when a 600-foot section of the river was closed to remove 1,400 tons of rock that was dislodged from a barge, a river official said.
Tanker Shortage To Squeeze Northeast's Oil Supply
A shortage of U.S. oil tankers will cut sharply into Northeast heating oil and gasoline supplies next month and will add to upward price pressure to refined products through the winter…
IEA Will Convene If Baghdad Balks
The International Energy Agency (IEA) said it would convene immediately to respond if Iraq halts 2.3 million barrels per day (bpd) in exports and warned such a move…
Kvaerner Appoints Smith VP Business Development
In another significant executive move at its Philadelphia shipyard, Kvaerner announced the appointment of Brian M Smith, as Vice President, Business Development.
Halter Lays Keel For PCTC
Pasha Hawaii Transport Lines (PHTL), which is building a Jones Act Pure Car and Truck Carrier, at Halter Marine, reported that an important step in the creation…
Aker Maritime Reportedly To Sell Subsea Ops
Aker Maritime is reportedly set to sell its subsea operations for $620.7 million to France's Coflexip, Reuters reported Norway's NRK public radio as saying. It said…
Baker Hughes Profits Surge 456%
Driven by decade-high oil prices, industry leader Baker Hughes Incorporated reported operating profit after tax from continuing operations for the third quarter of 2000…
The St. Vincent and Grenadines-flagged bulker Pooja, was refloated on October 30 at Carrick roads by a tug and then towed to Falmouth, England, Reuters reported. No pollution was reported.
SS&Y Indicies Rise
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 102 points in the week ending Monday to 5,828. "Tonnage in the Pacific remained in tight supply," SS&Y said.
S&P May Cut Coflexip SA BBB-Plus Rating
Standard & Poor's placed on CreditWatch with negative implications its triple-'B'-plus long-term corporate credit rating on Coflexip S.A., the parent company of the Coflexip Stena Offshore group.
U.S. Warships Avoiding Suez Canal After Cole Blast
U.S. military vessels have not been using the Suez Canal since the alleged suicide attack on the USS Cole on Oct. 12, but U.S. and Egyptian officials are working…
Grandeur Of The Seas Loses Power Near Curacao
The Royal Caribbean International cruise ship Grandeur of the Seas experienced a loss of electrical power while approximately 7.5 miles outside of Curacao. "The ship's 2…
The Bahamas-flagged bulk/oiler Samos was refloated on October 28 one mile below mile negative one, on the Mississippi river, U.S., Reuters reported. The 54,500 dwt…
Firefighters Extinguish Tanker Blaze
Firefighters extinguished a fire which broke out on the Panamanian-registered tanker Sea Wolf 1 off the Greek port of Piraeus on Monday, injuring one crew member, the Merchant Marine Ministry said.