Worldwide Offshore Rig Utilization Drops
Worldwide rig utilization decreased the week ending December 15, according to Offshore Data Services (ODS). With 560 of the world's 647 mobile offshore drilling rigs under contract…
SS&Y Indices Drop Again
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 53 points to 5,284. "Owners have been keen to get their vessels fixed well before the office…
Sunken Tanker in State of Corrosion
The Maltese-registered tanker Erika, which sank off the French coast a year ago releasing a huge oil slick, was in a state of more or less advanced corrosion, the official disaster report said.
Dispute Settled Between U.S. and Japan
Good news for panamax shipowners emerged as the dispute between the United States and Japan over the genetically modified maize StarLink appeared to be over, brokers said.
Transfennica's Sale To Finnlines Cancelled
On 28 June, 2000, an agreement was signed between the shareholders of Transfennica Ltd. and Finnlines Plc to sell Transfennica's shares to Finnlines. The sale required…
USCG Cutter Maple Launched At Marinette Marine
On Saturday, December 16, Marinette Marine Corporation launched the U.S. Coast Guard Cutter Maple (WLB-207), the seventh ship in a series of sixteen Seagoing Buoy Tenders being built by the company.
Carnival Spirit Fitted With Cruise Industry's First Smokeless Diesel Engines
In a working partnership between Carnival Corp. and the Finnish marine power systems supplier Wärtsilä, the new 86,000-ton cruise ship Carnival Spirit will be fitted…
People & Company News
Friede Goldman Halter, Inc. (FGH) announced the appointment of Robert L. Champagne, CPA, as its Executive Vice President and CFO. Champagne has been employed with KPMG for 28 years…
Safety: Monitoring & Control Products
Ros Inc. of San Diego, Calif. recently delivered four Anchor Bolster Deployment TV Systems to R&B Falcon of Houston, Texas. The systems will be installed on the semi-submersible drilling rig MG Hulme…
Bisso Introduces New Revolving Crane
Bisso Marine Co. Inc. of New Orleans has recently put its new 250-ton revolving crane, the D/B BOAZ, into service. The American R-40 Crane has 175 ft. of boom and…
Ports Applaud Congressional Passage of WRDA
U.S. public ports applauded final passage of the Water Resources Development Act (WRDA), S. 2796, conference report by the House of Representatives on November 3.
Nominations Sought For 2000 Shepheard Award
The Chamber of Shipping of America invites nominations for the 2000 Halert C. Shepheard Award. "Nominations for a living individual may be submitted for a single…
Lürssen, Townsend Bay Alliance Announced
At the Fort Lauderdale International Boat Show in October, Townsend Bay Marine (TBM) and Lürssen Yachts formally announced the business relationship that the companies…
Healthy 2001 Projected By Many Repair Yards
With the next "offshore boom" looming on the horizon, many of the vessel repair and conversion yards, particularly but not limited to the Gulf of Mexico region,…
FGH Subsidiary Sells Interest in Ilion
Friede Goldman Halter, Inc. has announced that one of its subsidiaries has sold its minority equity interest in Ilion LLC for $12.8 million to Noble Drilling Corporation.
RINA Study Proves LNG Floating Storage Viable
Italian classification society, RINA, has concluded a major study that demonstrates that floating storage terminals for LNG are both feasible and economically viable.
Rig Count Continues To Climb
Baker Hughes Incorporated announced that the international rig count for October 2000 was 727, up 13 from the 714 counted in September 2000 and up 162 from the 565 counted in October 1999.
Morgan City Harbor and Terminal Completes Upgrades
Strategically located along the Louisiana Gulf Coast at the junction of the Gulf Intracoastal Waterway and the Atchafalaya river, the Morgan City Harbor and Terminal…
'All-Hands' Ceremony Held at Coast Guard Yard
During an "All-Hands" celebration held at the Coast Guard Yard on Oct. 2, four members of the Maryland Congressional Delegation and the Coast Guard's Assistant Commandant…
Channel Islands National Park Contracts for New Boat
The National Park Service has awarded a contract to Modutech Marine Inc. of Tacoma, Washington for the construction of a new crewboat for Channel Islands National Park in southern California.