Maritime Industry Top News
Air-Craft Carrier Stennis is Hollywood-Bound
The nuclear-powered aircraft carrier John C. Stennis is the star of Monday's world premiere of the $135 million epic movie, "Pearl Harbor," the story of America's…
NOAA: Atlantic to Experience Mediocre Hurricane Season
U.S. government weather experts on Monday predicted an average hurricane season in the Atlantic Ocean this year, with five to seven hurricanes expected to threaten homes…
Northrop Grumman Complies With Antitrust Regarding NNS Purchase
Defense contractor Northrop Grumman Corp. on Monday said it notified the U.S. Department of Justice and the Federal Trade Commission of its intent to acquire Newport News Shipbuilding Inc.
Moody's Declares Negativity at Stena AB
Moody's Investors Service today confirmed the Ba3 rating for senior notes of Stena AB ("Stena") and changed the outlook for its ratings to negative from stable.
Atlantic Panamax Rates Ease, Pacific Reports Losses
Panamax freight rates in the Atlantic have eased with little business to report and a similar situation in the Pacific has led to losses on the Baltic Panamax Indec, brokers said on Monday.
Chiles Offshore Signs Notice of Award for Rig Under Construction
Chiles Offshore Inc. today announced that it has executed a Notice of Award for a long-term contract by an affiliate of Phillips Petroleum for its ultra-premium…
Carnival To Sell Airtours Stake
Shares in Britain's largest package tour operator Airtours Plc fell by as much as eight percent on Monday after Carnival Corp said it would sell its 25 percent stake in the company.
Tanker Rates Collapse At Week End
Tanker rates collapsed towards the end of last week as owners rushed to fix cargoes and move their Very-Large-Crude-Carriers (VLCCs) away from the Mideast Gulf where…
Freighter Into Bremen For Repairs
The Norwegian International Register freighter Lysfoss sailed from Belfast on May 20, bound for Bremen to carry out repairs, Reuters reported. The 3,728-dwt freighter was being escorted by a tug.
OOCL Orders Three Containerships
Canada Maritime and Orient Overseas Container Line (OOCL) have contracted Daewoo Shipbuilding and Heavy Machinery to build three containerships. The orders are the…
Flender Werft Books Three More Contracts
Three shipbuilding contracts exceeding 400 million DM became effective last week at Lübeck, Germany based Flender Werft. The contracts include a RoRo passenger ferry…
Flender Werft Books Three More Contracts
Three shipbuilding contracts exceeding 400 million DM became effective last week at Lübeck, Germany based Flender Werft. The contracts include a RoRo passenger ferry…
Petrobras Shuts Down 13 Rigs For Leak Check
Brazil's state oil giant Petrobras halted output at 13 offshore rigs on Thursday in the Campos basin to check for leaks after an oil slick appeared on the ocean surface in the area.
GLM's Rose: Dayrates To Hit 3-Year Highs
Global Marine Inc. Chief Executive Bob Rose expects daily rental rates, or dayrates, for offshore oil and gas drilling rigs to surpass their highs of three years ago in 2001.
Statoil Refuses Russian Fuel Oil Cargo
Norwegian state oil and gas company Statoil rejected a Russian fuel oil cargo that breached hydrogen sulphide limits, a toxic gas, currently anchored in Rotterdam.
LNG Company To Be Listed
Norwegian shipping magnate John Fredriksen's Liquefied Natural Gas (LNG) transport company Golar LNG said on Friday it raised $280 million in a private placement…
Baker Hughes Rig Count Down 7
The number of rigs searching for oil and natural gas in the United States fell by seven to 1,225 during the week ending May 18, according to oil services firm Baker Hughes.
Russia Inks Deal To Raise Kursk
Russia signed a deal with Dutch salvage and heavy transport firm Mammoet to raise the wrecked nuclear submarine Kursk, which plunged to the bottom of the Barents…
Volvo Considers Selling Penta Engine Unit
Volvo recently made it known to investment banks that all or part of its profitable Penta marine and industrial engine unit would be up for sale at the right price, Reuters reported.
McGinnis Appointed VP Of Marketing
American Classic Voyages Co. has appointed Scott G. McGinnis vice president of marketing for its Delta Queen product group, which includes Delta Queen Steamboat…
