Maritime Industry Top News
Oil Search Expects LNG Project Agreement by Year End
Oil Search Ltd., Papua New Guinea's biggest oil producer, expects to reach agreements with the government and partners by the year-end allowing a decision to start…
Malaysia’s BHIC Still a Buy on Hopes of Shipbuilding Orders
ECM Libra Avenue Investment Bank said it is keeping its 'buy' call on Boustead Heavy Industries Corp Bhd (BHIC) because it expects the Malaysian shipbuilder to get more contracts…
Finaval to Double Fleet after IPO
Italian tanker company Finaval SpA reportedly announced the proceeds of its initial public offering will be used to double the capacity of its fleet and to seize any future M&A opportunity.
Rowan Pleads Guilty To Dumping Waste
Rowan Companies Inc. will pay $9m in penalties and add a corporate environmental division under a plea agreement in which it admitted the routine discharge of pollutants…
APL Launches 53-foot Containers into the Market
The first 53-foot ocean-capable containers from shipping leader APL have rolled off the assembly line and were loaded onto the vessel APL Philippines for their initial voyage across the Pacific.
DryShips Inc. Announces Stock Split
DryShips Inc. (NASDAQ: DRYS), an international provider of drybulk cargo marine transportation services, announced that its Board of Directors intends to call a…
This Day in Navy History
Nov. 13: 1776 - Captain John Paul Jones in Alfred with brig Providence captures British transport Mellish, carrying winter uniforms later used by Washington's troops.
CA Workshop on Cold Ironing
The California Air Resources Board (CARB) conducted a workshop regarding at-berth ocean-going vessel regulation (popularly known as cold-ironing). The agency’s presentation…
MacGREGOR Plimsoll Wins $7.27M Order
At the end of October, Niigata Shipbuilding & Repair Inc. in Japan ordered five shipsets of deck machinery to be installed on 70m-long offshore anchor-handling tug/supply…
Hyundai Heavy Shares Climb
Hyundai Heavy Industries Co., whose stock more than quadrupled this year, rose to a record in Seoul trading after analysts raised their share-price targets by as…
Navy Cruiser Blast Injures 6, 1 Critically
An explosion in the hull of a Navy cruiser during routine maintenance left six workers injured one of them critically with life-threatening burns, authorities said…
Iran-Turkmen Ships to Launch in March
Four Russian-made ships under the name of “Iran-Turkmen” will be launched in the Caspian Sea by March 2008, said the Caspian Sea Shipping Co. managing director Saturday.
Seaways Plans to Add Six Container Ships
Seaways Shipping Ltd, a Hyderabad-based maritime company, proposes to double its turnover to about Rs. 1,200 crore by the end of next fiscal (2008-09) by infusing funds through a Rs.
Top Tankers Shares Hit Year-low
Top Tankers Inc., which transports refined petroleum products and crude oil, reported a wider third-quarter loss on lower demand and rates for its vessels, sending…
Promotion Launched for Yemen Offshore Blocks
Oil is the key corner of the development process of Yemeni economy. The Ministry of Oil and Minerals headed by the Minister Khalid M. Bahah and the Petroleum Exploration…
Eni's Offshore Leases to be Modified
State officials are negotiating modifications of state oil and gas royalty terms on offshore Beaufort Sea leases held by Eni US Operating Inc. Most of Eni's leases…
L&T Negotiating $1B Shipbuilding Orders
India’s largest engineering and construction firm Larsen & Toubro Ltd. (L&T) is negotiating with global shipping fleet owners to build ships worth over $1b, but…
Whale-size Piece of Debris Remains a Mystery
The Intracoastal Waterway is clear and officials have begun an inquiry they hope will explain how a huge piece of debris ended up in the channel. So far, no one has been able to identify the massive…
Dockwise Ltd. Reports 3Q Results
DOCKWISE Ltd. (DOCK, Oslo Stock Exchange) announced its results for the first nine months of 2007, which ended on 30 September 2007. Revenues increased 13.0% to…
Hogia Continues Expansion
The Algerian ferry company Entreprise Nationale de Transport Maritime de Voyageurs (ENTMV), operating traffic between Europe and Algeria under the brand Algérie Ferries…
