South Korea Shipyards Fear Hull Blocks Shortage
Shipyards in South Korea are worried about a shortage of hull blocks as demand from Japan grows and local block manufacturers convert to shipyards, Korea Times reported.
U.S. Navy Aims to Cut Sub Costs
The U.S. Navy has begun an effort to redesign the forward sections of future SSN 774 Virginia-class submarines — one of several moves the service hopes can shrink the ships’ $2.4 b price tag.
MBC To Receive New Tanker
Malaysian Bulk Carriers Bhd (MBC) expects the first of its four new medium-range tankers to be delivered next month, with the balance to be delivered in 2007. With…
Iraq Allocates $25M for Tanker Purchase
An official at the Iraqi Oil Tanker Company announced that the Transport Ministry has allocated $25 million to buy two oil tankers, the Middle East North Africa Financial Network reported.
Pogo to Buy Latigo Petroleum for $750M
Pogo Producing Co. has entered into definitive agreement to acquire privately-held Latigo Petroleum, Inc. for $750m in cash, Trading Markets reported. The Houston…
ONGC’s Sees High Profits
Oil and Natural Gas Corp. (ONGC), ONGC Videsh Ltd (OVL) and MRPL reported a 9-percent rise in profit for the year ended March 2006 despite slipping on crude oil…
Louisiana Port Wary of Next Hurricane
The only road in and out of Port Fourchon, Louisiana, the main U.S. staging point for deepwater oil and natural-gas production, sits just 2 to 3 feet (61 to 91 centimeters) above the marshland.
Husky's 1Q Net Rises
Husky Energy Inc.’s first-quarter net income rose 36 percent on higher oil prices and output, Bloomberg reported. Net income rose to $457m from $336m a year earlier.
Euronav Announces Record Results
The executive committee of Euronav NV reported its financial results for the three months ended March 31, 2006. The company had net income of $93.5 million (2005…
U.S., Coalition Vessels Conduct MSO in Arabian Sea
The Commander and staff of U.S. Navy Destroyer Squadron (DESRON) 50 embarked HNLMS Amsterdam (A 836) April 7, joining USS Typhoon (PC5), and U.S. Coast Guard Cutter…
Excavator May be LHWCA Harbor Worker
The U.S. Court of Appeals for the Ninth Circuit ruled that an excavator was a harbor worker under the Longshore and Harbor Workers’ Compensation Act (LHWCA) when…
BAE Wins Research Program
BAE Systems’ CORDA (Centre for Operational Research & Defense Analysis), has won a new contract from the MoD to lead a research program into maritime defense equipment capability.
Lockheed Martin Awarded $17m Contract
and integration services in support of the U.S. Warfare Federated Tactical Systems (SWFTS). technical products integrated into submarine combat systems. for all in-service U.S.
More shipboard Gantry Cranes from KCI Konecranes to Japan
Konecranes. two 55.000 DWT vessels ordered by Singaporean shipowner Masterbulk Pte. Ltd. unit, depending on size and capacity. quarter of 2006. of bulk carriers…
PetroCom Launches VSAT System
PetroCom’s new Very Small Aperture Terminal (VSAT) satellite communication system is structured around private communication networks. Built with the newest technologies and equipment…
Vietnam Set to Build Tanker
In July 2006, the Vietnam Shipbuilding Industry Corporation (Vinashin) will set about construction of the first oil tanker for Vietnam’s oil and gas industry. The tanker…
Conrad Announce Contract Modification
Conrad Industries, Inc. has entered into a Memorandum of Understanding with the U.S. Philadelphia for the issuance of a modification for $4.3m to increase the contract…
New Mexico Native to Command Namesake Submarine
A native of New Mexico is set become the first commanding officer of his state's namesake submarine, PCU New Mexico (SSN 779). Cmdr. Robert Dain detached March 24…
Series of 30m Tugs From Far East Shipyards
In an efficient near-assembly-line process at Far East Shipyard in Sibu a series of 29-meter tugs are being built and delivered to an Indonesian owner, Pte. Arpeni Pratama Ocean Line Tbk..
Shin Yang Builds Tanker/Landing Craft
At the end of March Shin Yang Shipping took delivery of an interesting new combination tanker and landing barge. Built at the company’s own yard to a design by Singapore’s…