Stolt Offshore Announces Results
Stolt Offshore S.A. announced unaudited results for the second quarter and six months ended on May 31, 2004. "Stolt Offshore's turnaround is now well advanced. The…
Hempel to Increase Prices 5 to 15%
The sharply increasing raw material costs and their influence on the global economy now forces Hempel to react. The oil price has been increasing and is currently at a record high.
Frontline Buys Two VLCCs
Frontline Ltd. has secured two VLCC newbuildings for delivery in 2006. The newbuildings has been secured through a purchase of two resale contracts for a total price of $158.5 million.
New Guidelines for Antidumping Duty Cases
U.S. Customs and Border Protection Commissioner (CBP) Robert C. Bonner acted today to ensure the collection of duties by announcing new guidelines for determining…
Maritime Accidents on the Decline
INTERTANKO has recorded 60 tanker incidents during the first part of 2004, most of them minor with no resultant pollution or loss of life. This compares to the 130…
European Delays on Single Hull Harmonization Regs
It is now more than seven months since the IMO's Marine Environment Protection Committee adopted amendments to MARPOL's single hull rules for tankers, so says INTERTANKO.
Priorities of new Dutch Presidency of EC
On 1 July the Netherlands replaced Ireland as head of the European Union (EU) for the next six months. The Netherlands will be the first country to assume the Presidency…
Unauthorized entry into Cuban territorial waters
To clarify and expand upon the item in yesterday’s newsletter regarding entry into Cuban waters, the new U.S. Coast Guard regulation prohibits vessels of less than…
Seeking to Reduce Right Whale Strikes
The National Oceanic and Atmospheric Administration (NOAA) is extending the comment period on its proposal relating to measures to reduce ship strikes against North Atlantic right whales.
USCG Summarizes ISPS/MTSA: “Week 1”
The U.S. Coast Guard successfully completed its first week enforcing new international and domestic maritime security requirements of the International Ship and…
Waterways Council Debuts New Website
Waterways Council, Inc. (WCI) has created a unique web site –www.waterwayscouncil.org – to educate the general public about the value of a modern and well-maintained…
Energy Transport: The Boom Continues
With 21 percent of existing VLCCs and about 35 percent of both the Suezmax and Aframaxes fleets still on order, tanker owners may be starting to wonder how far today’s boom rates can last.
Rodriguez Starts on New Lift Boat
C & S Lift Boats have ordered a 145 x 110-ft. lift boat with a 12-ft. molded depth from Rodriguez Boat Builders of Bayou La Batre, Ala. The main engines will be a pair of Cummins KTA38M1s…
Vinashin E&T New ShipConstructor Dealer for Vietnam
Albacore Research Ltd. (ARL) announced the signing of Vinashin Engineering and Technology Joint Stock Company (Vinashin E&T) as the dealer for its flagship ShipConstructor…
Heavy Fuel Oil Test Plan
The Environmental Protection Agency (EPA) posted on the Internet its Heavy Fuel Oil Test Plan and Robust Summary. As noted in this lengthy document, heavy fuel oil…
Seafarer U.S. Pipeline System – Environmental Statement
The Federal Energy Regulatory Commission (FERC) issued a Notice stating that it plans to prepare an Environmental Impact Statement (EIS) relating to the proposed Seafarer U.S. Pipeline System project.
USCG Prohibition against Unauthorized entry into Cuban Waters
The U.S. Coast Guard promulgated a requirement that U.S. vessels and vessels without nationality, less than 100 meters in length, located within U.S. internal waters…
Daewoo Wins $515M Contract
Daewoo Shipbuilding and Marine Engineering reportedly has won a $515.8 million order from Teekay Shipping of Canada to build three LNG (liquefied natural gas) ships, with delivery due in April 2007.
Two Killed in Shipyard Accident
According to wire reports, two workers were killed and two others injured earlier this week after falling about 65 ft. to the ground when a 246-ton steel block fell…
Skaugen Reports Loss
The I.M. Skaugen group reported a pre-tax result of minus MUSD 1.5 in 2Q04 (MUSD 0.8 in 1Q04, minus MUSD 3.0 in 4Q03 and MUSD 2 in 2Q03). The result on EBITDA basis…
