Halliburton Announces 1Q Results
Halliburton announced that net income in the first quarter of 2006 was $488m, or $0.91 per diluted share, compared to net income of $365m, or $0.72 per diluted share, in the first quarter of 2005.
B.C. Seeks End to Offshore Drilling Ban
British Columbia's government is pushing to end a nearly four-decades-old ban on offshore oil and natural gas drilling to encourage exploration, Bloomberg reported.
B.C. Ferry Uncertainty Hurts Economy
The ongoing uncertainty over ferry service to B.C.'s North Coast is already having a major economic impact on tourism operators, as some travelers have already canceled their plans.
Gazprom Seeks LNG, U.S. Markets
Russian gas firm Gazprom will kick-start a late entry in the booming liquefied natural gas market within days, launching a huge Arctic project that it hopes will one day make it the dominant U.S.
New Appointment for Coast Guard’s Deepwater Program
Rear Adm. Gary Blore took over as head of the U.S. Coast Guard’s Deepwater program April 17, becoming the second officer to lead the service’s ambitious recapitalization program.
India’s Shipping Companies Look to Offshore Investments
With the boom in the oil and gas exploration sector, fueled by the recent awarding of new blocks under NELP VI, Indian shipping companies are tanking up to sharpen their focus on the offshore segment.
Navy’s Minisub Program Canceled
A 12-year Navy program to develop six minisubs for commando missions has been canceled after a $446m investment, leaving the one and only sub at Pearl Harbor with an uncertain future…
Blount Donates Cruise Ship to Three Colleges
According to reports, three colleges will share a donation from philanthropist and shipbuilder Luther Blount -- a 175-ft. cruise ship. Blount announced he will give the ship…
NCL Takes Delivery of Latest Project America Ship
NCL Corporation (NCL) has taken delivery of Pride of Hawai’i as the newest member to the NCL America fleet, with a handover ceremony in Eemshaven, Holland. At the onboard ceremony…
U.K. Launches Incident Response Group
The UK Maritime and Coastguard Agency (MCA) has launched the Maritime Incident Response Group (MIRG). The MIRG comprises 15 Fire and Rescue Service (FRS) teams strategically…
Australia to Provide Increased Maritime Surveillance
The Australian Minister for Justice and Customs stated that a multi-year contract has been signed to provide aircraft for increased surveillance of Australia’s maritime areas.
USCG Arrests Master for Intoxication
Jim Letten , United States Attorney for the Eastern District of Louisiana, Rear Adm. Robert Duncan, Commander Eighth Coast Guard District and Special Agent in Charge Donald G.
Hatsu Marine Awarded Queen’s Award
Hatsu Marine Ltd., has been named recipient of the Queen’s Award for Enterprise: International Trade 2006 in recognition of its commercially successful and socially responsible business operations.
AKD Warns Shipowners on Dutch Ship Arrest Guarantees
Shipowners who find their vessel has been arrested in the Netherlands need to be careful when putting up security to get the ship released quickly. Recent case law…
Pier Construction Project to Help Djiboutian Village
A pier construction project sponsored by the United States will help bring income to this impoverished village and make access to the area easier for U.S. Navy ships fighting the war on terrorism.
Navy Diving Crew Trying To Free Training Ship
A Navy dive team in Alabama is trying to rescue a retired Coast Guard ship that once served as the training ship for Maine Maritime Academy. The State of Maine and…
LR to Move Marine Ops to Southhampton
The Lloyd’s Register Group, the independent risk management organization, has unveiled plans to move its London marine operations to a specially developed site at the University of Southampton.
Sea Containers Being Investigated
New York against Sea Containers Ltd. matter. charges. sales. newly identified assets had been identified as impaired. financial results for the first three quarters of 2005.
MJP Waterjets Names Twin Disc As Rep
In order to strengthen the sales in North and South America as well as Israel, a sales and service agreement has been signed with Twin Disc. The marine branch of…
HATLAPA Takes Over KGW Business Unit
As of April 1, 2006 the managing partners of HATLAPA Uetersener Maschinenfabrik GmbH & Co. KG (HATLAPA) took over the former business division “ship technology and…