Bergensen Makes Final Negotiations on LNG Contract
Bergesen has agreed with Nigeria LNG Limited (NLNG) on a preliminary agreement for the employment of four LNG-carriers for a minimum of 20 ½ years from delivery.
Brostrom Expands Fleet
Broström has signed a contract to purchase the two double-hulled product tankers Sichem America and Sichem Asia, 14,300 dwt. The vessels will operate in Broström's European trade.
Securing U.S. Ports Against Terror
The Subcommittee on Technology, Terrorism, and Government Information of the Senate Judiciary Committee conducted a hearing on February 26, 2002 concerning Securing…
FMC Reacts To Exclusive Tug Arrangements
The Federal Maritime Commission (FMC) issued an Order of Investigation and Hearing with regard to exclusive tug arrangements in Port Canaveral, Florida. The agency…
Hearing on USCG Budget To Be Held in March
The Subcommittee on Coast Guard and Maritime Transportation of the House Committee on Transportation and Infrastructure will conduct a hearing on March 7, 2002,…
FMC Releases Performance Plan for FY2003
The Federal Maritime Commission (FMC) has issued its Performance Plan for the fiscal year 2003. The Plan is an overview of the agency’s mission and strategic goals.
European Commission Approves Spanish Tonnage Tax
The European Commission decided to approve the Spanish maritime Tonnage Tax scheme. Under this scheme, tax due from a maritime shipping company is calculated on…
Push Made for $2.9B More Navy Funding in 2003
Yesterday in Washington, D.C., leaders from the Senate, the military and business met to discuss strategies to increase FY 03 procurement funding by at least $2.9 billion to build more new navy ships.
Barge Mounted CFB Power Plant Contracted
A contract for the supply and construction of what is being called the world's first barge mounted circulating fluidized bed combustion (CFBC) boiler electrical…
Crowley Announces Executive Changes
Tom Crowley Jr., Chairman, President and Chief Executive Officer of Crowley Maritime Corporation and Richard du Moulin, president of Marine Transport Corporation (MTC)…
Shipwreck Causes Oil Spill
The California Office of Spill Prevention and Response (OSPR) stated that the U.S. intermittent oil spill in San Mateo vicinity has been traced to the SS JACOB LUCKENBACH.
Smedvig Reports Operating Profits For 2001
Smedvig reports preliminary consolidated operating profit for 2001 of $112 million, an increase of $16 million from the previous year. The operating profit is…
Stelmar Shipping Delivers Ambermar
Stelmar Shipping Ltd. announced that it has taken delivery of the Ambermar, a newly built 35,500 dwt Panamax tanker from the STX Shipbuilding Co. ltd (ex-Daedong) in South Korea.
Vessel Collides in Upper Bay
The Coast Guard, along with state and local rescue teams, is searching for survivors after an apparent collision involving three vessels that occurred in the Elk River…
German Government Signs Agreement with ABS
At a landmark signing ceremony in Hamburg Monday, the German ship safety authority See-Berufsgenossenschaft approved ABS as a recognized organization for conducting…
Candela Joins Paragon
Nick Candela, a Project Management Professional (PMP), has joined Paragon Engineering Services, Inc., of Houston as manager of Project Controls, responsible for…
Xenex Introduces Navigence
Xenex Navigation Inc. announces their new NavigenceTM line of rugged, waterproof marine displays for radar, electronic charting and general marine applications.
Calls for Shipping Industry to Focus on Risk Management
Risk management is still not widely practiced in the shipping industry, according to Sanjeev Bhandari of Mumbai-based P&I Club representative, Crowe Boda. Speaking…
GlobalSantaFe Sells Offshore Jackup Rig
GlobalSantaFe Corporation sold the Key Bermuda offshore jackup drilling rig to Nabors Drilling International Limited for about $29 million in an all cash transaction.
SIS Secures Contract With Destination Gotland
Star Information Systems (SIS), a provider of integrated fleet management software, has secured a further contract with Destination Gotland for the supply of software…
