Maritime Industry Top News
Oil Merger Regulators Bare Teeth On Upstream Fears
Fears of an emerging oligopoly in oil exploration and production have reportedly become the crunch issue as huge planned mergers go before competition authorities.
HBG Unit Wins Offshore Order
Hollandsche Beton Group (HBG) reportedly won a $14 million order from Hague-based Elf Petroland BV to design and build an unmanned offshore gas platform.
Evergreen Plans Expansion
Taiwan's Evergreen Marine Corp reportedly plans to expand its global network and forge new alliances in some areas during this year.
Panamanian Register Extends Lead
The percentage of ship owners choosing to register their vessels in Panama continues to rise, according to Lloyd's Register. The Panamanian-flagged fleet grew by…
Kvaerner Govan Pact Reported Close
A deal to save the Kvaerner Govan shipyard in Glasgow is reportedly close to finalization, according to local newspaper reports. The rumored buyer is General Electric Co Plc .
Bunkering Shares Sold To Overseas Shipping Stevedoring
Romania's privatization agency, the State Ownership Fund (FPS), is reported to have sold its stake in bunkering company Navcom to Yemen's Overseas Shipping & Stevedoring Co.
Minoan Lines Subsidiary Orders Ferries
Minoan Lines subsidiary Minoan Flying Dolphins reportedly ordered three new high speed ferries from Australia's Austal Ships.
From VLCC Bridge To Beans Café
Joseph Hazelwood -- the man who was captain of the Exxon Valdez supertanker when it grounded against the Alaska coast has started his first month-long stint of helping…
Ship Scrapping Knocked, But Alternatives Elusive
Government and environmental leaders reportedly criticized procedures for scrapping old ships, but offered few alternatives for improving the poor safety and environmental record of the industry.
Aker Maritime Wins Combisa Oilfield Deal
Aker Maritime reportedly won a deal from Mexican consortium Combisa to build the decks of three platforms for the Cantarell oilfield operated by Mexican state oil company Pemex.
Qatar Rasgas Starts LNG Exports, Ship Leaves For U.S.
Qatar-based Ras Laffan Liquefied Natural Gas Company (Rasgas) reportedly started its first gas exports, two months earlier than planned.
Frontline Buys More Of ICB
Frontline Shipiping reportedly bought additional shares in Swedish oil shipping company ICB Shipping AB in a battle for control.
Titanic Discoverer Makes Oldest Deep Sea Find
The team who found the wreck of the Titanic reportedly discovered two Phoenician ships off the coast of Israel 2,700 years after they sank with their cargo of wine.
Repsol/YPF Deal Leaves Few Argentine Owned Oil Companies
Repsol SA has reportedly merged with YPF SA, Argentina's largest company, leaving only a handful of oil firms still in Argentine hands.
New Maritime Charter Aims to Raise Standards
Ship owners, brokers and builders reportedly signed an agreement, the Maritime Industry Charter on Quality, in an effort to raise technical, safety and environmental standards in the industry.
P&O Expands Fleet of Cruise Ships
Peninsular & Oriental Steam Navigation Co., the world's third largest cruise company, reportedly ordered five more ships at a cost of $2 billion to meet the surge in popularity for sea cruises.
Car Shipping Group Sees Scope in Fragmented Market
Fragmentation of the world's car market will reportedly create opportunities but also short term difficulties for Wallenius Wilhelmsen Lines AS, the world's largest vehicle shipping group.
Tidewater to Sell Fleet of Safety Standby Boats
Tidewater Inc., operator of the world's largest fleet of vessels serving the offshore energy industry, reportedly agreed to sell its North Sea safety-standby boats to BUE Marine Limited of Edinburgh…
Texaco Gets Kudos For Turnaround in Racial Policy
Texaco Inc., continuing to recover from a record $175 million racial bias case settlement and the bad publicity surrounding it, was reportedly recognized by an African…
Ship Repair & Conversion Prospects
While it is difficult to find an industry where fierce competition and price wars are not the hallmarks, it seems at times that the ship repair industry has created and patented the formula.
