Offshore Rig Utilization Is Up
Worldwide offshore rig utilization rose this week due to increased drilling rig demand in Europe and the U.S. Gulf of Mexico, according to Offshore Data Services (ODS).
Are VLCC Rates Poised For Rebound?
Very Large Crude Carriers, which were scraping the bottom of the freight market at the end of January, look set to make a comeback as the pool of available tonnage runs dry.
The Castor Is (Finally) Empty
With the final discharge of all cargo from the damaged tanker Castor, and its pending redelivery by the salvors to its owners for repair, a 39 day saga that has…
Asian Panamax Rates Move Down Slightly
Asian Panamax freight rates for dry bulk cargo market edged lower this week on slowing demand and brokers said on Friday a recovery was likely to come only in mid…
SembCorp To Post Modest Gains
SembCorp Marine, Singapore's largest ship repairer, is expected to post a modest rise in 2000 earnings, boosted mainly by gains from divestment of a small technology company.
Glasgow Shipyard Inaugurates Its Saving Grace
Glasgow's Govan shipyard celebrated a welcome but rare sight on Friday as a new ship slipped into the dark waters of the Clyde - the first since the once-mighty…
Analysts Rate Carnival Corp. Neutral
Morgan Stanley Dean Witter said one of its analysts started coverage of cruise line Carnival Corp. with a neutral rating on Friday. The analyst set a $37 price target.