Prediction: Strong Storm Could Cause $65B in Offshore Losses
An extreme-risk consulting firm predicted a strong hurricane in the Gulf of Mexico could generate losses of more than $65 billion for the offshore oil and gas industry.
Colombia Grants E&P Rights To 5 Oil Companies
The Colombian government Tuesday granted exploration and production rights on nine offshore areas on the Caribbean coast to five different companies in an effort to boost the country's oil reserves.
Stratos Introduces Broadband Comm Solution
Stratos Global Corp. service. managers with optimal communications performance and cost efficiency. Global Area Network (BGAN) service. other industries worldwide. month.
FMC Technologies Awards Subsea Frame Agreement
FMC Technologies, Inc. has signed a new five-year frame agreement with Statoil to provide subsea equipment and associated services for the North Sea and potential international developments.
IMO Leader Calls for New Ethical Mindset
Speaking in Salvador, Brazil, at the third Parallel Event to celebrate World Maritime Day formally and officially outside of IMO's London base, Secretary-General Efthimios E.
Northwind Supplies Fire/Rescue Boat Virginia Beach
Another of Northwind Marine's 30-ft. Argus class fire, search, and rescue boats has headed east from Seattle, Wash. The boat was built for Virginia Beach, Va., where fire…
Container Ship Docks at the Port of Hamburg
company COSCO Container Lines Ltd. for the first time. date. by HHLA Container Terminal Tollerort (CTT). This container giant with a length of 1,145 ft. as part of its AE4 Asia-Europe line service.
SCI, ONGC to Form Offshore Service
According to reports, Shipping Corporation of India (SCI) and ONGC could be planning a joint venture in the support vessel market. OnShip would be an alliance between ONGC and SCI.
VLCC Saves Two Lives
The Master and crew of the World Tankers VLCC Kolossi carried out a remarkable rescue off the Indian coast earlier this month. They picked up two fishermen from the sea.
The Seaside Sea Shipping Receives New Tanker
The Seaside Sea Shipping Company has received the Prisco Alcor tanker deadweight of 116,000 tons. The tanker was floated out at Hyundai Heavy Industries (HHI, South Korea) on July 11.
Response Marine Develops New Pilot Boat
The new P-310 pilot boat developed by Response Marine is designed to meet the need for a small, fast pilot and transport boat with a low operating and start-up cost.
Response Marine Delivers Fire/Rescue Boat
The latest Response FR-175 fire/rescue boat was delivered to Benwood, West Virginia Fire Department for use on the Ohio River. The FR-175 was developed over the…
APL: Vietnam Seaport Master Plan Must Have Long-Term Focus
Vietnam must better coordinate the planning and construction of an integrated seaport network to handle the country’s rapid trade growth, according to container transportation leader APL.
OceanFreight Acquires Panamax Bulk Carrier
OceanFreight Inc. a NASDAQ listed bulk shipping company announced today that it has entered into an agreement to acquire a ninth vessel for its fleet, a Panamax drybulk carrier to be renamed Augusta…
Excel Maritime Enters Charter Agreement for M/V Elinakos
Excel Maritime Carriers Ltd. of minimum 23 up to maximum 25 months at US $58,000 per day to a first class charterer. M/V Elinakos is a Panamax dry bulk carrier of 73…
OSG Adds New Tanker Class with Suezmax Vessels
Overseas Shipholding Group, Inc. has expanded its crude oil tanker fleet with the addition of four Suezmax vessels. The vessels complement OSG’s crude oil tanker fleet of ULCCs…
Volgograd Delivers Cargo Vessel
The Volgograd shipyard recently delivered the dry cargo vessel, Iran Amirabad, to Irinvestship Limited. The contract for the building of a series of the four dry…
New Repair Yard to Set up Shop in Philly
Reports indicate that a company that has repaired cruise ships plans to set up a second operation in Philadelphia. The new shipyard will be called PennShip Service.
TEN Sells Tanker
Tsakos Energy Navigation Ltd., announced the sale of the 1999-built 107,181 dwt Aframax tanker Olympia to an independent Greek- based operator. in the first quarter of 2008.
Vessel Christened at Bach Dang Shipyard
Bach Dang Shipyard Corporation, an affiliate of the Vietnam Shipbuilding Industry Group (Vinashin), on September 18 christened the 22,500-ton VTC Dragon. The vessel…