Maritime Industry Top News
African Oil Output Increasing
Most African oil producers are projected to increase production over the next three years, except Egypt and Gabon. The strongest increase is projected in Nigeria…
LISCR and LSC condemn IRI legal action
Yoram Cohen, CEO of the Liberia International Ship & Corporate Registry, has described as "completely unfounded, unsubstantiated and untrue" allegations made by International Registries Inc.
Crowley Completes Tow of the Ex-USS Iowa
Crowley Marine Services completed its third tow of an historic U.S. Naval battleship April 21, when the company's tug Sea Victory finished the 6,500-mile tow of the USS Iowa from Newport…
Oil Prices Slip As Demand Drops
NYMEX crude oil futures slipped early Friday (May 11) as a report by the West's energy watchdog that world crude demand had been slower than expected so far this…
Shipping Firm To Offer Funeral Services
Japan's largest shipping company, Nippon Yusen KK, plans to offer a new funeral ash-scattering service in a bid to capitalize on demand fueled by the high cost of cemeteries in Japan.
Shell Orders Two LNG Tankers
The gas and power division of Royal Dutch/Shell ordered two additional liquefied natural gas (LNG) carriers to support its growing global LNG business. Shell International…
Frontline Sells Suezmax Tanker
Frontline has entered into an agreement to sell one of its 2000-built Suezmax tankers, Front Archer. Front Archer was designed and built with future employment as…
Chris Brown to join Miller's
Christopher Brown, formerly Claims Director for Gard, will bring his experience to the UK P&I Club when he joins managers Thomas Miller on August 1. Mr. Brown, 40…
Schat-Harding acquires William Mills
Schat-Harding has acquired specialist lifeboat hook manufacturer William Mills (Marine) Ltd. William Mills makes the Titan, Spartan and Atlas ranges of high quality…
Northrop Grumman Outlook Downgraded
Goldman Sachs lowered its rating on U.S. military contractor Northrop Grumman Corp. to market perform from outperform. In a report, analyst Howard Rubel said the…
EU Force Has Serious Ship Shortage
The European Union's 60,000 strong rapid reaction force due to be operational from 2003 lacks ships and aircraft and may not be ready to carry out its designated tasks until 2010, Reuters reported.
Sen. Lott's Allegiance Lies Within Northrop Grumman
Senate Majority Leader Trent Lott, (R-Miss.), is lobbying the Pentagon to accept Northrop Grumman Corp.'s bid for Newport News Shipbuilding over a competing proposal from General Dynamics Corp.…
General Dynamics Continues Pursuit of Newport News Shipbuilding
Defense contractor General Dynamics said on Thursday that it had notified the U.S. Department of Justice and the Federal Trade Commission of its intent to acquire…
Illegal Dumping Taints Norwegian's Sky
One of the first cruise ships to visit southeast Alaskan ports this season was cited for illegally dumping concentrated sewage into the scenic Inside Passage, the U.S. Coast Guard said on Thursday.
Hyundai Heavy Reports 1Q Loss
South Korea's Hyundai Heavy Industries, the largest shipbuilder in the world, reported a first-quarter loss on Friday after it was hit by losses at sister firm Hyundai Petrochemical.
Did Gas Turbine Problems Contribute to Alstom's Profit Decline?
Markets will be keen for signs that French energy and transport company Alstom has improved margins and resolved problems with its heavy duty gas turbines when it reports full-year results on Tuesday.
Osprey to be De-listed from Singapore Exchange
Marine and chartering services provider Osprey Maritime Ltd said on Friday it will be de-listed from the Singapore Exchange on May 15 following its acquisition by…
Russia to Raise Doomed Kursk Submarine
Russia said it will announce final plans next week to raise the Kursk submarine, which sunk last year with 118 crew on board, a senior cabinet minister said on Friday.
Rolls-Royce to Supply Podded Propulsion, Deck Machinery for QM2
Rolls-Royce has won two new contracts to supply podded propulsion systems and deck machinery for Queen Mary 2, the new luxury cruise liner to be built for Cunard…
Conoco Forms GOM Shuttle Tanker Alliance
Conoco has taken another step toward safe movement of newly discovered crude oil reserves from the deepwater Gulf of Mexico to U.S. refineries by shuttle tankers built in the United States.
