SCI to Buy 76 Ships for $3.3B
Shipping Corp. of India Ltd. plans to buy 76 vessels for about $3.3b over the next six years, The Financial Express reported. This is the first major fleet acquisition…
MISC Orders New Tankers
Malaysian shipper MISC Bhd. confirmed an order for four chemical tankers from South Korea's STX Shipbuilding Co. Ltd. No pricing details were released, but it is said that the tankers were of 38…
Australia Issues Notice on Piracy
The Australian Maritime Safety Authority (AMSA) issued a Notice advising owners, operators, masters, and crew of the latest guidance from the IMO on preventing…
ODU to Offer Undergraduate Major in Maritime Managment
Old Dominion University will offer a new undergraduate major in maritime and supply chain management in the fall of 2006. The major will be the first of its kind in Virginia…
Transocean Awarded Contract
Transocean Inc. announced that a subsidiary of Eni has awarded an estimated six-month contract for the semisubmersible rig Transocean Legend for drilling operations offshore Indonesia.
Hatsu to Launch Transatlantic Service
Hatsu Marine Limited is to launch a new service in June linking North Europe with the U.S. East Coast and the Gulf of Mexico. The service, provided in partnership…
Honolulu Says Farewell to Namesake Submarine
Hawaii Sen. Daniel Inouye, Lt. Gov. James Aiona, and Pacific Fleet Commander Adm. Gary Roughead joined past and current crew members of USS Honolulu (SSN 718) to…
Surface Strike Group Makes Surge Deployment
More than 700 Sailors on two surface ships “surged” April 18 as part of the Global War on Terrorism Surface Strike Group (GWOT SSG) 06-2 from their homeports in Norfolk, Va. and Mayport, Fla.
DryShips Takes Delivery of Vessel
DryShips Inc. has taken delivery of m.v. Hille Oldendorff a 2005 built, 55,566 deadweight ton, or dwt, handymax drybulk carrier which it acquired recently. m.v.
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…