JULY 2001

 

 MARINE & OFFSHORE MARKET INDICATOR LINKS

TANKER FREIGHT RATES BIFFEX   OIL PRICE   FOREIGN EXCHANGE RATES 

 

Put fish in sea: faces $9 million pollution penalty
The owners of a cargo ship that sank off Norway's west coast with a load of fish last December face a major claim,

$20 million order for Stewart & Stevenson
Stewart & Stevenson Services, Inc., Houston, has received a $20 million order from Yantai Raffles Shipyard Pte, Ltd,

AMCV defers payment on securities
American Classic Voyages Co.announced yesterday that the next three cash distributions on its trust preferred securities scheduled for August 15 and November 15, 2001, and February 15, 2002, will be deferred until May 15, 2002,

Washington State Ferry projects at risk
A "legislative meltdown" has put major ferry projects on hold.

Pride gets platform rig contract
Pride International, Inc. has entered into a contract with BP Exploration & Production Inc. for the engineering, procurement and construction, as well as the operation of the drilling facilities to be installed on a BP development project in the Gulf of Mexico.

ITF declares São Tomé and Príncipe an FOC
The ITF has declared the naval registry of São Tomé and Príncipe a flag of convenience

Court rejects FGH Petrodrill contract
Friede Goldman Halter, Inc., today announced that the bankruptcy court has officially rejected its Petrodrill contracts. FGH stopped work on the two Petrodrill semisubmersibles in May and asked the bankruptcy court to void the contracts.

More orders in pipeline for Kvaerner Philadelphia and Austal USA
Recent Title XI applications filed with the U.S. Maritime Administration indicate that two U.S. yards could soon add to their orderbooks,

Seabulk posts profit
Seabulk International, Inc. (the former Hvide Marine) has reported its first profitable quarter in two years

EC proposes "temporary" shipbuilding subsidies
The European Commission today adopted a proposal to put in place "a temporary defensive mechanism" for European shipbuilding..

U.S. military to test Incat heavy cargo wavepiercer
Units of the U. S. Army, Navy, Marine Corps and Coast Guard are to start evaluation and demonstration trials of a chartered 315 foot (96 m) Bollinger / Incat USA wave piercing catamaran.

Stelmar buys newbuilding product tanker
Athens-based Stelmar Shipping Ltd. has reached agreement to purchase D'Amico's newbuilding Hull 1071, currently under construction at Daedong Shipyard, South Korea.

Halter gets ATB order
Friede Goldman Halter's Halter Marine Inc.unit has signed a contract with Bouchard Coastwise Management, Inc., of Hicksville, New York, for construction of a 110,000-barrel, oceangoing, double-hulled articulating tug-barge (ATB).

Golar LNG orders two more
John Fredriksen's Golar LNG has entered into two more firm contracts for building of LNG carriers

New D&C liftboat to be delivered in September
Danos & Curole Marine Contractors expects delivery of its new 230-class SOLAS liftboat, the M/V Ana, in late September.

IZAR to build chemical tanker for Chile's Ultragas
Spanish shipbuilder IZAR has won a contract to construct a 22,700 m3 oil product chemical tanker for Chilean shipowner Ultragas Internacional.

Box ship order for Bender
Bender Shipbuilding & Repair. Mobile, is set to ink a contract Friday to build two containerships for Santa Maria Shipping LLC, a new entrant in the California-Hawaii Jones Act trade.

European Commission moves to tighten maritime safety
The EC decided today to pursue infringement proceedings against several European Union member states that do not fully comply with European maritime safety legislation

World's first 5,000 hp HTS electric motor
American Superconductor Corporation (Nasdaq: AMSC) says it has built and demonstrated the world's first 5,000-horsepower (hp), high temperature superconductor (HTS) electric motor.

Japanese shipbuilding chief warns on newbuilding prices
Newbuilding prices still continue to remain at a low level overall due to aggressive order taking by some shipbuilders.

Frontline gets NYSE listing
Frontline Ltd. has been approved to list its ordinary shares on the New York Stock Exchange under the ticker symbol "FRO".

Carnival unit sells two ships
Carnival Corporation's Seabourn Cruise Line has sold its two 116-passenger cruise ships Seabourn Goddess I & II to a Norwegian investment group led by original owner Atle Brynestad

New chairman for WQIS
Thomas Guarnera, vice president of Mutual Marine Office (MMO), has agreed to serve as chairman of WQIS, the Water Quality Insurance Syndicate.

ENSCO reports increased earnings
ENSCO International Incorporated reported net income for the three months ended June 30, 2001 of $61.2 million

Ocean Rig gets $100 million loan facility
Ocean Rig reports that it has successfully completed a five-year, $100 million loan facility to finance the remaining completion costs of its two Bingo 9000 rigs. Meantime, the second of those rigs has now left Friede Goldman Halter's Pascagoula, Miss, yard

Orders for FGH's Amclyde unit
FGH Engineered Products Group, the equipment segment of Friede Goldman Halter, Inc., reports that its AmClyde unit has signed new contracts in excess of $13.5 million with customers in Freeport, Texas and Abu Dhabi, U.A.E.

Semisub ballast control alliance
MIL Systems, Ottawa, Canada and Marine Interface Corporation, Deer Park, N.Y., have formed a working alliance to provide semi-submersible oil rig ballast control systems

Senate votes for Lease Sale 181 to go ahead
The U.S. Senate today took a bipartisan vote today against blocking offshore Lease Sale 181 in the Eastern Gulf of Mexico.

Incat offers 112 m wave-piercer
The latest addition to the Incat Australia line of wave-piercing catamarans is the Evolution One 12.

Big order for compact pods
Santa Fe International Corporation has awarded a $42 million contract to ABB in Norway for the supply of electric propulsion systems and power plants for two semi-submersible drilling rigs

Bollinger delivers Wes Bordelon
Bollinger Shipyards, Inc., Lockport, La., has delivered the 145-foot supply/utility boat WES BORDELON

Big floating dock starts long tow
The ex Portland Dock # 4, now the Grand Bahama Shipyard Dock # 2, has departed Portland Oregon bound for its new home at the Grand Bahama Shipyard Ltd. in Freeport, Grand Bahama.

European Commission to probe Dutch inland waterway operators subsidies
The European Commission decided today to open a formal investigation of the maritime transport aid granted to Dutch tugboat operations on inland waterways and in ports.

Candies places OSV orders
Otto Candies, LLC, Des Allemands, La. has signed a contract with Bender Shipbuilding of Mobile, Ala. to construct three 240-ft., 3,000 dwt maximum capability offshore supply vessels.

Oslo listing for Golar
Golar LNG Limited, a company associated with Frontline Ltd.'s main shareholder, John Fredriksen, will be listed on the Oslo Stock Exchange on Thursday, July 12

Australia seeks new patrol boats
Australian defense minister Peter Reith has announced a Request For Tender for replacements for Australia's 15 aging Fremantle class Patrol Boats

training for LNG terminal "Persons-In-Charge"
Maritime Institute of Technology and Graduate Studies (MITAGS) and Pacific Northwest Maritime Institute (PMI) Seattle, Washington, have developed a five-day "Shoreside Persons-In-Charge (PIC) Course" for the operators of the Elba Island LNG Terminal

Crowley in Brazil deepwater logistics venture
Crowley Marine Services and Brazil's Triunfo Operadora Portuaria Ltda intend to form a joint venture to operate a deepwater logistics base in the State of Rio de Janeiro, Brazil.

OECD still grappling with shipyard subsidies
As the European Union and Korean prepare for a clash at the WTO over shipbuilding subsidies, a working party of the OECD is still struggling with the issue.

First Wave files reorganization plan
First Wave Marine, Inc. has filed a plan of reorganization in its Chapter 11 proceeding and says the filing should pave the way for its emergence from bankruptcy in early fall

Izar lands order for 900,000 bbl FPSO
Belgium's Exmar has awarded Spanish shipbuilder IZAR a contract to build a 900,000 bbl FPSO

Vela replaces VLCC liferaft winches
Safety specialist Schat-Harding has won an order to replace the winches on the lifeboat stations of seventeen VLCCs owned by Vela International Marine Ltd, a subsidiary of Saudi Aramco.

Heavy lift barge Giant 4 to be converted for Kursk salvage
The project to salvage the Russian submarine Kursk, lost last August with all its crew, has brought a significant conversion order to Netherlands repair yard Shipdock Amsterdam.

De Hoop takes over Houma Fabricators
Houma Fabricators, Houma, Louisiana, has been taken over by Shipyard de Hoop of the Netherlands. The new ownership of the yard starts on a positive note in the shape of an order for six OSV's from Otto Candies, Des Allemandes, La.

Leiv Erikkson sea trials make progress
Ocean Rig reports that, since starting sea trials on May 7, its first rig, Leiv Eriksson, has completed the inclination testing and numerous other technical system tests

USMC charters Austal cat
Australia's Austal Limited says it has signed a world first contract with the U.S. Marine Corps to charter a 101 meter high speed Theater Logistics Vessel.

$81.3 million Navy contract for Ingalls
The U.S. Navy has awarded an additional $81.3 million to Ingalls Shipbuilding, a Northrop Grumman company, for the continuation of work towards the construction of an eighth WASP (LHD 1) Class large-deck multipurpose amphibious assault ship.

Ship managers to class societies: Stop bickering
Alan Ward, executive vice-president of the International Ship Managers Association (ISMA),says members of the International Association of Classification Societies should be paying pay more attention to boosting quality standards and dealing with sub-standard shipping, rather than bickering amongst themselves.

NEWS STORIES FOR JUNE 2001

NEWS STORIES FOR MAY 2001

NEWS STORIES FOR APRIL 2001

NEWS STORIES FOR MARCH 2001

NEWS STORIES FOR FEBRUARY 2001

NEWS STORIES FOR JANUARY 2001

NEWS STORIES FOR DECEMBER 2000

NEWS STORIES FOR NOVEMBER 2000

NEWS STORIES FOR OCTOBER 2000

NEWS STORIES FOR SEPTEMBER 2000

NEWS STORIES FOR AUGUST 2000 

NEWS STORIES FOR JULY 2000 

NEWS STORIES FOR JUNE 2000 

NEWS STORIES FOR APRIL-MAY 2000 

NEWS STORIES FOR JANUARY-MARCH 2000 

News postings for September-December 1999 

News Postings for August-January 1999

 

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