Floating LNG Converters to be in Demand
According to a report from Bloomberg, liquefied-natural-gas tankers that can convert the liquid to gas onboard will be in increasing demand in the next 10 years…
Get Ready for Changes in Lease Reporting
Since the middle of 2006, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working towards changing how companies report their lease transactions on their balance sheets. Those companies (including publicly traded entities) whose reporting complies with Generally Accepted Accounting Principals (GAAP) must observe the reporting regulations as set down by FASB.
Work Shut Down on Northrop Grumman Ships
According to a Dec. 16 report from WLOX, as a precautionary measure Northrop Grumman is shutting down all craft work on ships LPD 22 and LPD 24. The ships were located…
House OKs Split LCS Buy
According to a report from www.dodbuzz.com, on Dec. 15, the House formally approved a measure giving the Navy permission to buy both classes of Littoral Combat Ship.
Japan Shipbuilders Take More Orders in Dollars
According to a Dec. 16 report from The Wall Street Journal, as the yen remains near a 15-year high, Japanese shipbuilders are coming under pressure to settle a bigger…
Daewoo Shipbuilding Wins $1.3B from Chevron
According to a Dec. 16 report from Platts, South Korea's Daewoo Shipbuilding and Marine Engineering won a $1.3b deal with U.S. energy firm Chevron Corp. to build an offshore gas-producing platform.
Plan Ended for New Port of L.A. Shipyard
According to a report from www.dailybreeze.com, a proposal to build a $50m ship building and repair business at the Port of Los Angeles was sunk Thursday by the Board of Harbor Commissioners.
This Day in U.S. Naval History – December 20
1822 - Congress authorizes the 14-ship West Indies Squadron to suppress piracy in the Caribbean. 1941 - Admiral Ernest J. King designated Commander-in-Chief, United…
This Day in U.S. Coast Guard History – December 20
1943-CGC Bodega grounded off the Canal Zone. No lives were lost. 1991- On 20 December 1991, the United Nations adopted General Assembly Resolutions (UNGAs) 44-225…
New Zealand Oil Well Inspector Too Busy
According to a report from The New Zealand Herald, New Zealand has just one inspector to oversee safety in its oil exploration industry. A government-ordered review…
Transocean’s Discoverer India Contract with Reliance
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced that the newbuild ultra-deepwater drillship Discoverer India has commenced operations for Reliance Industries in…
HB Rentals Completes Trinidad Job for EOG
Onsite accommodation specialist, HB Rentals, a Superior Energy Services company, recently was awarded a $2.5m contract by EOG Resources, Inc. On the Toucan Platform in Trinidad in the West Indies, HB Rentals installed a 15-building package, stacking three units wide and five levels high, with a sleeping capacity of 48. The contract includes four sleepers, a super galley, a super diner, three office sleepers, a medic room, dry storage and a recreational room, all using fiberglass.
Introducing the Cutwater 26 and Cutwater 28
Cutwater Boats is a new line of trailerable, pilothouse cruisers being introduced by Fluid Motion, LLC, the designers and builders of the popular line of Ranger Tugs. A Cutwater 26 and Cutwater 28 will be the first two models built and their express style and innovative hull design provide flexibility for fishing, entertaining and cruising. The introduction of a new line of boats comes at a time when the marine industry continues to rebound from hard economic times but Fluid Motion…
JSM Export Pipeline Project Awarded to Saipem America
In the US sector of the Gulf of Mexico, Saipem has been awarded the contract for the Walker Ridge export pipeline, in the framework of the development of the Jack and Saint Malo (JSM) fields…
Supertankers in for Worst December in Nine Years
According to a report from Bloomberg, supertankers shipping 2 million- barrel cargoes of Middle East crude oil are heading for the worst December since at least…
Hamworthy Supports Brazilian Offshore Oil & Gas Finds
Hamworthy Oil & Gas Systems was recently awarded a major contract by Brazilian shipyard Estaleiro Promar SA for the design and supply of cargo handling systems for…
Statoil, Petrobras Struck Oil on Indra Prospect in Brazil
Petrobras is operator for licence BM-ES-32, where the discovery was made and where Statoil holds a 40% stake. The exploration well was drilled at a depth of 2,130…
Salwico Inert Gas Oxygen Analyzing System
The G36 is the first system approved and certified under European MED heading A1/3.54 for fixed oxygen analyzers. The G36 Oxygen Analyzer provides accurate, real-time data for monitoring inert gas and controlling its production. The system is based on a new type of Zirconia cell, which is adapted to the harsh and stressful marine environment.
USCG Photo: Cleveland Harbor West Pierhead Lighthouse
All across the Great Lakes, high winds and subzero air temperatures caused waves to crash onto lighthouses and other aids to navigation and freeze, coating the structures and their lights in multiple layers of ice and making it impossible for mariners to see the lights or distinguish the color of the aids.
Delta Wave Teams with Global Rescue
Delta Wave Communications have teamed up with Global Rescue to combine their service with Delta Wave’s line of satellite based global personal tracking and emergency alert products.