NOW: SEARCH the Marine Log site
 MARINE & OFFSHORE MARKET INDICATOR LINKS 

TANKER FREIGHT RATESBIFFEX   OIL PRICE   FOREIGN EXCHANGE RATES 

ODS WEEKLY RIG COUNT
 

POSTINGS FOR MARCH 2001

New COO for FGH
Friede Goldman Halter, Inc. has appointed Anil Raj as its chief operating officer

Havila gets contract for cable layer
Norway's Havila Supply ASA has announced a 12 months contract with two 6 months options commencing mid July 2001, with Tycom Marine SA for the "Havila Reel".

Charters for Farstad
Farstad Shipping ASA, through its wholly owned subsidiary Farstad Supply AS, has been awarded charter contracts fora number of vessels:

Ramform Banff back at work
Petroleum Geo-Services's Ramform Banff production ship has resumed oil production on the Banff field

New VP Ship Management for Marine Transport Corporation
Marine Transport Corporation has appointed Rockwell Smith Vice President of its Ship Management group

More contracts for FGH
Friede Goldman Halter, Inc. has announced new projects with a combined value of over $56 million.

ETG to advise on China LNG project
Energy Transportation Group, Inc. (ETG) of New York has been selected as the LNG Shipping Advisor to the Guangdong LNG Transportation Project

Norwegian controlled fleet at all time high
The Norwegian Shipowners Association says the Norwegian-owned and -controlled foreign-going fleet has never been more numerous

Carnival switches Westerdam to Costa
Carnival Corporation's Holland America Line unit will transfer its 1,494-passenger Westerdam to sister company Costa Cruises in spring 2002

Central Gulf lease sale attracts $505.4 million in high bids
The U. S. Department of the Interior’s Minerals Management Service (MMS) in New Orleans latest sale of offshore oil and natural gas leases in the Central Gulf of Mexico attracted $505,468,501 in high bids from 90 companies.

Probation, fine for Neptune Dorado master
The United States Attorney's Office for the Northern District of California announced that Kiriakos Daioglou was sentenced yesterday to three years of probation for willfully and knowingly failing to report to the United States Coast Guard the hazardous condition of the T/V Neptune Dorado, in violation of the Ports and Waterways Safety Act

Big Red boat sold to Spanish operators
One of the ill-fated Premier Cruises' "Big Red Boats"--The Oceanic-- has been sold to Pullmantur, Spain

Carnival profit drops
Carnival Corporation (NYSE: CCL) reported net income of $128.0 million ($0.22 diluted EPS) on revenues of $1.0 billion for its first quarter ended February 28, 2001, compared to net income of $171.5 million ($0.28 diluted EPS) on revenues of $824.9 million for the same quarter in 2000.

Frontline sells two VLCCs
Frontline Ltd. (NASDAQ ticker FRONY) has sold the two VLCCs, Front Tartar and Front Tarim, both built 1993 to undisclosed buyers for an en-bloc price of $104 million.

LNG imports for U.S. West Coast?
Chevron says it is reviewing options for importing liquefied natural gas (LNG) to serve the fast growing demands for clean energy in North America's west coast area

New player in Gulf FPSO market?
IHC Caland of the Netherlands announced yesterday that it has reached an agreement in principle to acquire the business of Atlantia Offshore

Marshall Islands owners can verify seafarers' docs on web
The Marshall Islands registry, administered by International Registries, Inc. (IRI) says that vessel owners and operators can verify potential employees' Marshall Islands seafarer documents on the IRI web site.

FGH doesn't make interest payment
Friede Goldman Halter, Inc.has announced that it has not made the semi-annual interest payment on its outstanding 4 1/2% convertible subordinated notes due 2004.

More power from Sulzer RTA96C
Wärtsilä Corporation has increased the power outputs available from Sulzer RTA96C low-speed marine diesel engines by some four percent.

Anti-piracy initiative
A team of senior IMO officials is undertaking a high-level mission to southeast Asia this week to initiate the second phase of the organization's latest anti-piracy project.

IMO to adopt convention on pollution from ships' bunkers
A conference to adopt a new convention on liability and compensation for pollution from ships' bunkers will be held March 19-23 at IMO headquarters in London

Liberia launches online vessel inspection application
The Liberian Registry has launched an Internet-based vessel inspection application based on technology developed by the Wallem Group.

Big Three class societies launch sweeping safety initiatives
Another ripple in the not-so-calm waters of the classification society world. American Bureau of Shipping, Det Norske Veritas and Lloyd’s Register have announced a series of initiatives to further improve the safety of international shipping. And they won't wait for the the smaller societies to catch up before they implement them.

Wärtsilä ups stake in Japanese joint venture
Wärtsilä and Hitachi Zosen Corporation, the joint owners of Wärtsilä’s 50/50 joint venture in Japan, Wärtsilä Diesel Japan, have concluded an agreement whereby Wärtsilä will increase its holding in the company to 85% and the second owner of the company will be Hitachi Zosen’s subsidiary Imex Co. Ltd.

Frontline seeks NYSE listing, General Maritime plans IPO
Investors in general may be disenchanted with Wall Street, but not so tanker owners. Frontline Ltd. intends to apply for listing of its ordinary shares on the New York Stock Exchange. And New York-based General Maritime is pressing ahead with plans for an IPO

GCMA files suit against ENSCO
The Gulf Coast Mariners Association has filed suit in federal court against ENSCO Marine Company and ENSCO Offshore Company

International expands tin-free antifoulings production
Akzo Nobel, parent of International marine coatings, is to invest EUR 4 million (about $3.7 million) to expand tin-free resin production at its Felling facility in the U.K.

ITF head buys a license
The ITF says it has exposed a trade in qualifications by buying a First Officer’s Certificate and Sea Book issued by the Republic of Panama that authorize its General Secretary David Cockroft, to navigate a ship and deputize for its captain – despite his complete lack of marine training and skills.

Britain sets alcohol limits for seafarers
New plans to introduce alcohol and drug testing and to set a blood/alcohol limit for all commercial and recreational mariners have been outlined by U.K. shipping minister, Keith Hill

Chevron orders aframaxes
Chevron Shipping Co., LLC, has signed final agreements with Mitsui & Co., Ltd., Mitsui & Co. U.S.A. and Samsung Heavy Industries Co., Ltd., of Korea to acquire two new double hull crude oil tankers.

Nine companies interested in Hellenic Shipyards
Nine Greek and foreign companies have reportedly expressed interest in the privatization of Greece's Hellenic Shipyards, Skaramanga.

Ocean Rig and Friede Goldman settle dispute
Ocean Rig ASA, Friede Goldman Halter, Inc. and Friede Goldman Offshore, Inc. announced today that they have signed an agreement, resolving problems that arose earlier this month relating to the completion and delivery of Ocean Rig's two Bingo 9000 rigs at Friede Goldman's Pascagoula, Mississippi yard.

FGH headaches continue
Friede Goldman Halter yesterday filed a Form 8K, disclosing "other events" with the SEC.

Contract for Harland & Wolff
Belfast shipyard Harland and Wolff yesterday said it welcomed the fact that contracts have been secured to construct two RO/RO ferries

RINA director dies
Giuliano Pattofatto, technical director of Italian classification society RINA, passed away last night after suffering heart failure

Contract for Blount/Barker
Blount/Barker Shipbuilding, Warren, Rhode Island has signed a contract for under $2 million with Buchanan Marine of New Haven, Connecticut to build a 2,200hp, 85 ft all welded, twin screw tug.

GulfMark to acquire PSV
GulfMark Offshore Inc. says it has signed a definitive agreement to acquire a 1982 built, large platform supply vessel, the Stirling Fyne” (to be renamed the “Highland Patriot”), from Stirling Shipping Co

Star to deploy Meyer newbuild on NCL Hawaii itinerary
Star Cruises has revised its plans for ship deployment in the Hawaii cruise market by its Norwegian Cruise Line (NCL) unit. A $400 million, 91,000-ton newbuilding currently under construction at Meyer Werft will now no longer join Star Cruises as SuperStar Libra. Instead, it will now join NCL's fleet in December 2001 for year- round deployment in Hawaii.

Floating LNG plants are feasible
Bouygues Offshore has announced the successful completion of the AZURE R&D project for the development of floating Liquefied Natural Gas (LNG) facility concepts

J. Ray MCDermott gets spar contract
J. Ray McDermott, Inc., a subsidiary of McDermott International, Inc. has been awarded a turnkey engineer-procure-construct-install contract to provide a spar platform for the Medusa Field Development Project, a deepwater development for Murphy Oil Corp., in the Gulf of Mexico.

HAL picks names for first ships in new series
The first two ships of Holland America Line's next series of five new 85,000-ton cruise ships will be named the ms Zuiderdam and ms Oosterdam, respectively.

Seacor to acquire Stirling Shipping
Seacor Smit Inc. has signed a letter of intent to acquire Stirling Shipping Company Ltd., a private U.K. company based in Glasgow, Scotland,

Teekay moves into shuttle market
.

CLIA members carried 6.9 million passengers last year

Plea for $100 million for Title XI

Ocean Rig starts arbitration proceedings

Giant Sulzers ordered for post Panamax box ships

No maritime cheer in Bush budget blueprint

FGH and Ocean Rig continue sparring

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

 

RETURN TO MARINE LOG HOME PAGE