declares option for second PSV
Norwayís Farstad Supply AS, has declared
its optionat Simek AS for delivery of a platform supply vessel
in October 2001.
TitleXI financing for Cal Dive MSV
Cal Dive International, Inc. reports that
it has completed a low-interest, long-term financing for the
constructionof its technologically advanced multi-service vessel,
Spa resort firm plans cruise ships
Health spa resort operator Canyon Ranch
is forminga new division that will design and operate a line
of cruise ships "dedicated to health, healing and adventure."
The largest labor union at Bath Iron Works
is on strike this morning.
Carnivalto buy rest of Costa
Carnival Corporation has signed an agreement
to purchase the remaining 50% interest in Costa Crociere from
Carnival cancels two cruises for Azipod preventative
Carnival Cruise Lines, will cancel two
seven-day voyages of its cruise ship Elation departing Oct. 29
and Nov. 5, 2000, to perform preventative maintenance on the
ship's two Azipod propulsion units.
famine in 2001?
Petrodata Research, the forecasting division
of One Offshore Inc., has announced new findings that suggest
that highoil prices may have come too late to avert both a failure
in non-OPEC oilsupply growth and a new rig market shortage in
Western Gulf lease sale attracts $154 million in
This week's Federal offshore natural gas andoil
lease sale in the Western Gulf of Mexico received $153,660,031
HyundaiHeavy Industries creating shipbuilding web
South Korea's Hyundai Heavy Industries is
creatinga web service that will allow shipowners and naval architects
to accessand evaluate data on the vast range of components and
options involvedin shipbuilding. It will also allow customers
to ascertain progress reportson their projects.
Problemsat Harland & Wolff
Northern Ireland shipbuilder Harland &
Wolf ftoday issued a statement saying "a serious situation
has arisen as a directresult of the attitudes and action of Global
wins another Carnival order
Kvaerner has secured its second major cruiseship
agreement this week
Laird and Aker team on FPSO's etc.
Cammell Lairds Holdings PLC and Aker McNulty,a
subsidiary of Aker
Maritime, have signed a teaming agreement
foroffshore floating production conversion work.
P&Iclub warning on California Block Stowage
The London P&I Club has warned its membersthat
some charterers are still trying to persuade masters of bulk
carriersloading large steel slabs in China that the controversial
California BlockStowage (CBS) configuration is safe
New appointment at LISCR
LISCR, the managing company for the LiberianRegistry,
has appointed Scott Bergeron as Maritime Operating Officer.
places $350 million order with Masa Yards
Kvaerner has signed a contract with Costa
CrociereSpA, the Italian 50:50 affiliate of Carnival Corporation
and Airtours,for the construction of a further 86,000 grt cruise
ship to be built byKvaerner Masa-Yards at its Helsinki Shipyard
in Finland, for delivery inthe spring of 2003.
Transocean Sedco Forex Inc. has signed a definitiveagreement
to acquire R&B Falcon Corporation in an all stock transaction.The
merger will create the world's largest offshore drilling contractor.
Hughes ECDIS chosen for Watch-1 chemical tanker
The first Kelvin Hughes type approved electronicchart
and display system
(ECDIS) has been installed on a new chemicalcarrier,
as part of an
integrated bridge system (IBS) that meets
CoflexipStena aids in sub rescue bid
At the request of the British Ministry of
Defense,Coflexip StenaOffshorehas released the vessel Normand
Pioneer to assistwith the rescue mission of the Russian submarine,
Contract for four new LPG/ethylene carriers
I.M. Skaugen ASA, Oslo (OSE: SKA) has finalizedan
agreement with the Zhonghua Shipyard in Shanghai, China for an
orderof up to ten 8,400 cu. m size ethylene gas carriers.
christened in Singapore
Triton Energy Limitedand
Bergesen DY Offshore AS of Oslo, Norway, today christened the
SendjeBerge, the floating production, storage and offloading
vessel (FPSO) thatwill be the cornerstone of Triton's initial
development of the Ceiba Fieldoffshore the Republic of Equatorial
Rolls-Royce Marine busy in Brazil
Strengthening its position in Brazil, Rolls-RoyceMarine
has set up a new sales and service center in Rio de Janeiro.
U.K.detains foreign-flag ships
Eight foreign ships were placed under detentionin
U.K. ports during July 2000 after failing port state control
machinists reach agreement
According to the San Diego Daily Transcript,National
Steel and Shipbuilding Co.and the International Association ofMachinists
and Aerospace Workershave reached tentative agreement on a newseven-year
NewCFO for Tidewater
Tidewater Inc. announced today that Ken C.
Tamblyn,its executive vice president and chief financial officer
will retire effectiveAugust 31, 2000,
Offshorejacking systems alliance
OSL Offshore Systems & Deck Machinery,
LLChas announced a business alliance with Philadelphia Gear Corporationtomanufacture
and supply turnkey rack and pinion electric driven jackingsystems
for offshore drilling and production rigs.
Celebrityships get LR "green" notation
Celebrity Cruises' 76,000gt sisterships Galaxyand
Mercury, and 70,000gt Century are the first vessels
tobe awarded the Lloyd's Register (LR) Environmental Protection
FPSO's--floating storage production and offloadingsystems--look
to have successfully passed the first barrier to their usein
the U.S. Gulf of Mexico.
AkerMaritime wins FPSO contract
The first contract for an FPSO in the U.K.
sectorof the North Sea for almost three years has been awarded.
Cablelayers for Maersk
Four new cable laying vessels for Maersk SupplyService
were named today at Volkswerft Stralsund GmbH in Stralsund, Germany.
MARAD names Associate Administrator for Shipbuilding
Acting U.S. Maritime Administrator John E.
Graykowskihas announced the appointment of Jean McKeever as Associate
Marine drillship set to leave Harland & Wolff
Glomar Jack Ryan, the second drill-ship constructedby
Harland and Wolff for Global Marine, is expected to leave the
Mosvold planning private placement
Mosvold Shipping Ltd. says it has received
expressionsof interest in relation to a proposed private placement
of 10,000,000 shares
Cablelayer order for Jurong
Jurong Shipyard Pte Ltd, a subsidiary companyof
SembCorp Marine,has signed a Singapore $66 million (around U.S.$38
.5million) contract to construct a cable laying and repair vessel
for ASEANCableship Pte Ltd.
Marine cuts losses
"We are gradually turning the corner,''
commentedHvide Marine, Inc.CEO Gerhard E. Kurz. as the company
today reported anet loss of $3.3 million or $0.33 per diluted
share for the quarter endedJune 30, 2000. That compares with
a net loss of $23.7 million or $1.53per diluted share for the
Tidewater buys PSV's
Tidewater Inc. has entered into agreements
topurchase two 220 foot UT755 type platform supply vessels
Unioncontinues Gulf Coast push
The new AFL-CIO union Offshore Mariners Unitedis
pushing ahead with its drive to unionize mariners employed on
Gulf ofMexico workboats
Auditor General slams Kvaerner Philadelphia deal
Pennsylvania's Democratic state Auditor General,Robert
P. Casey, Jr., son of a two term Democratic Governor, has announcedthe
findings of a performance audit of the Kvaerner shipyard deal
negotiatedby Republican Governor Tom Ridge.
Daily reports broadcast to shipping by the
IMB'sPiracy Reporting Center from August 1--8, show little let
up in piracyattempts on shipping
tanker rates boost OSG income
Overseas Shipholding Group, Inc. today reportedthat
income from vessel operations in the second quarter of 2000 increasedto
$25.7 million versus $13.1 million in the same quarter of 1999.
Pacific Carriers makes $5.6 million on newbuilding
sale to OMI
As tanker prospects brighten and newbuildingprices
firm, there's a growing tendency for owners to take a profit
byselling newbuildings even before delivery.
still build Tikoo's giant cruise liner
Ravi Tikoo thinks the time is now ripe to
buildhis 160,000 gt, 3,000
passengerUltimate Dream at Northern Ireland's Harland & Wolff.
In second quarter 2000 results announced today,Friede
Goldman Halter, Inc. reported continuing losses. It also announcedthat
John Alford, previously president and chief operating officer,
isreplacing J.L. Holloway as CEO.
offer for Aker Maritime
Kvaerner ASA today announced a proposed all-shareoffer
for Aker Maritime ASA.
Lines reports second-quarter results
"Our second-quarter results are disappointing,and
reflect a spike in fuel prices as well as soft demand in grain
exportmarkets during the quarter,'' Michael Hagan, president
and CEO of AmericanCommercial Lines commented
Royal Caribbean's Celebrity Cruises says it
hasbeen working in cooperation with Chantiers de l'Atlantique,
the builderof its newest ship, Millennium, to evaluate the ship's
performance. Theship is equipped with the cruise industry's first
gas turbine engines,and testing has demonstrated that Millennium
has unusually low levels ofnoise and vibration. However, testing
also has shown that under certainunusual sea conditions a vibration
could be felt within certain areas ofthe ship
Maritrans cooperate on shuttle tanker development
Conoco Inc.and Maritrans Inc.last week announcedthat
they are jointly developing advanced shuttle tanker technologies
totransport deepwater Gulf of Mexico crude
to Golden Ocean acquisition
The bankruptcy court in Wilmington, Delawarehas
approved Frontline's disclosure statement setting out its proposalrestructuring
of Golden Ocean Group Ltd.
to upgrade semi to "fifth generation"
Diamond Offshore Drilling Inc. has reached
anagreement with Singapore's Keppel FELS Limited that provides
for the significantupgrade of the semisubmersible Ocean Baroness
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