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…
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…
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…
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.
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…
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…
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…
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…
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.
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.
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…
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.
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…
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.
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…
Commission Gets Drydock Grant
According to a report from the Daily Comet, the Terrebonne Port Commission’s application for $10m in hurricane-recovery money had been approved by the state. The money…
Daewoo Shipbuilding Wins $1.3B
According to a Dec. 16 report from Reuters, South Korea's Daewoo Shipbuilding and Marine Engineering (042660.KS), the world's second-largest shipbuilder, said on Dec.
PMI Graduates New Foss Mate
As the maritime industry enters a decade of change, next generation mariners like Sam Anderson will learn their chosen profession's safety and environmental skills at places like the Seattle-based Pacific Maritime Institute (PMI). Scott Merritt, Foss Maritime's senior vice president for operations, recently addressed Anderson and other graduating cadets of PMI's workboat mate program. The institute's…
Trico to Sell Remaining Towing and Supply Vessels
Trico Marine Services, Inc. (Pink Sheets: TRMAQ) announced that it has reached an agreement with the company's major constituents concerning the process of selling…
Russian Shipbuilders Ask for $100M More for Indian Frigates
According to a report from RioNovosti, Russian shipbuilding plant Yantar has asked Russia's state arms exporter, Rosoboronexport, for an additional $100m to complete…
