Sri Lanka Navy Thwarts Attack on Passenger Ship
Sri Lanka Navy thwarted Liberation Tigers of Tamil Eelam militant attacks and saved the lives of 854 unarmed soldiers, who traveled from Kankesanthurai to Trincomaleeā¦
Effort Underway to Assist in Lebanon Oil Spill
An oil storage unit at a power plant in Jiyyeh, 30 km south of Beirut, sustained damage between July 13 and July 15. Precise details of the incident are yet to emerge.
Navy Salvage Man Dies on Cougar Ace
The Alaska Coast Guard is reporting that a member of a salvage team looking at how to stabilize a listing ship in the Aleutian Islands died when he lost his footingā¦
Stallion Acquires AOQ
Stallion Oilfield Services Ltd. completed the acquisition of Abbeville Offshore Quarters, Inc. (AOQ). The purchase marks the entrance of Stallion into the global offshore accommodations market.
Analysts: Demand for LNG Tankers Decreasing
Excess capacity in the global fleet of liquefied natural gas carriers will be at its highest this decade in 2008, as a growing worldwide fleet results in lower utilization ratesā¦
Chicago Bridge Wins $1B Contract
Chicago Bridge & Iron Co. N.V. on August 1 was awarded a contract, valued at more than $1b, by Golden Pass LNG Terminal LLC for the construction of a liquefied naturalā¦
GAIL Plans to Buy More LNG Spot Cargoes
State-owned GAIL (India) Ltd. is planning to import 10 more cargoes of liquefied natural gas (LNG) following its success in selling the entire stock of the firstā¦
Sudaās Jacob Liftboats to Aid Gulf Clean-up
The Jacob, a $17.8m boat designed by Metairie-based A.K. Suda Inc. for CS Liftboats, recently launched in the Gulf of Mexico on July 14. According to the New Orleans Business Centerā¦
GoM Drilling Bill Clears Senate
An attempt to open a new section of the Gulf of Mexico to drilling cleared a major hurdle in the Senate, the Jackson Clarion Ledger reported. The 72-23 vote to endā¦
Ports to Get Radiation Detectors
The Department of Homeland Security, under a program called the Advanced Spectroscopic Portal Initiative, recently announced the award of contracts to three companiesā¦
NOAA Settles Shark Case for $750,000
The National Oceanic and Atmospheric Administrationās Office of General Counsel has settled a multiple-violation shark case with the owner of Brooklyn-based Agger Fish Corporation.
First Orphan Basin Oil Exploration for mid-August
In mid-August, Chevron Canada will drill the first exploratory well in the Orphan Basin. According to industry experts, the exploration of the Orphan Basin couldā¦
Petrobras to Increase Equipment Spending
Petroleo Brasileiro SA, Brazil's state-run oil company, will double its spending on drilling equipment to$7b this year, ahead of possible price hikes in an overheated international marketā¦
Danish Shipping Firm Sells Tankers
A/S Dampskibsselskabet Torm, a Danish shipping company, is selling three of its tankers for a total of $63m. The move is part of Torm's strategy of selling olderā¦
Omega Navigation Releases Results
Omega Navigation Enterprises, Inc. announced its financial and operational results for the second quarter and for the six-month period ended June 30, 2006. The companyā¦
CNOOC Might Announce New LNG Supply Deal
China National Offshore Oil Co. (CNOOC) could announce a liquefied natural gas (LNG) supply deal in about two to three months, its first in four years, reported China Knowledge Online.
Korean Shipbuilding Exports Surge 15.4 Percent
The combined exports of Koreaās shipbuilders rose 15.4 percent from a year ago to $10.5b in the first half of this year on delivery of large container carriers, The Korea Herald reported.
Senate Approval Expected for Offshore Drilling Bill
The U.S. Senate has cleared the way for legislation that would open more than eight million protected acres in the Gulf of Mexico to oil and gas drilling. Senators voted 72-23 to limit debateā¦
Northrop Grumman Awarded $58.4M Navy Contract
The U.S. Navy has awarded Northrop Grumman Corporation a $58.4m contract to continue life cycle engineering and technical services in support of the Navy's fleetā¦
2Q Results for Wilh. Wilhelmsen
The Wilh. Wilhelmsen ASA (WW) maritime group released its result for the second quarter and the first half. WW has written down the value relating to assets in Global Automotive Logistics SAS (GAL)ā¦
