MAY 2001

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MAY 2001 NEWS STORIES

GENE TAYLOR (D.-MS) TO KEYNOTE
GULF OFFSHORE 2001
Biloxi, MS, June 5 & 6

Coast Guard holds Norway in Miami
The Coast Guard continued to hold the NCL cruise ship Norway in port after the Marine Safety Office, Miami, withdrew its Control Verification Exam Letter last Sunday.

Rolls-Royce buys INTERING
Rolls-Royce plc, has acquired INTERING GmbH of Germany for an undisclosed sum.

Army throws FGH a lifeline
Halter Marine, Inc has been awarded a contract from the U.S. Army Tank and Automotive Command (TACOM) for the detailed design and construction of a Logistic Support Vessel (LSV).

GulfMark buys Norwegian PSV operator
GulfMark Offshore Inc. today announced it has reached an agreement to acquire all the shares of Sea Truck Holding AS.

Another drilling merger
Pride International, Inc. and Marine Drilling Companies, Inc.have entered into a definitive agreement to merge

Northrop Grumman gives NNS shareholders all-cash option
Northrop Grumman Corporation has commenced its exchange offer for all the outstanding shares of common stock, including associated rights, of Newport News Shipbuilding Inc

Ship managers to merge
John Denholm, chairman of the J&J Denholm Group of companies and Peter Cremers,chairman of the Anglo-Eastern Group,earleir this week agreed to merge both groups' ship management and crewing operations.

Icebreakergoes to work in Mexico
The Finnish Maritime Administration's Fennica has gotten a summer job

Fredriksen set to bring LNG company to market
John Fredriksen looks set to list Golar LNG first on the Oslo Stock Exchange, then in New York.

Comsat inaugurates advanced Inmarsat-A service
Comsat Mobile Communications has inaugurated enhanced Comsat-A mobile satellite service.

Suit alleges Taylor controls Liberian -flag franchisee
In another of the unseemly spats that do little to enhance the credibility of the open registry system, International Registries, Inc.(IRI) has filed suit against Liberian International Ship and Corporate Registry,

NNS gets $9.3 million CVN 70 contract
Newport News Shipbuilding has been awarded a contract valued at approximately $9.3 million for preparations in advance of the overhaul and refueling of the nuclear-powered aircraft carrier USS Carl Vinson (CVN 70) scheduled for 2004.

Costa targets German market
Costa Cruises, a unit of Carnival Corporation will launch a new cruise product aimed exclusively at the German market beginning in spring 2002.

Cascade General "set to buy back Cammell stake"
According to the Financial Times, PwC, the receiver to Cammell Laird, is close to a deal to sell Cammell's 49 per cent stake in the Portland, Oregon, Shipyard to Cascade General, the majority shareholder.

NNS faces shareholder suits
Four shareholder complaints were filed against Newport News Shipbuilding and members of its board in Delaware Chancery Court last week s

Texaco studies Gulf offshore LNG terminal
Texaco will soon complete a study for the development of a LNG receiving and regasification terminal in the U.S. Gulf of Mexico.

EU sets deadline for Korea
The Council of the European Union says it "strongly supports" theEuropean Commission's intention to launch a WTO procedure if a solution to the shipbuilding dispute with South Korea is not achieved by June 30, 2001.

OMI buys two and sells one
OMI Corporation is to acquire two vessels that are currently on long term time charter. In an unrelated transaction, it will sell another vessel.

Somebody is buying shuttle tankers
OMI is selling the 2000-built LOIRE, a Suezmax tanker with advanced design capabilities that make it especially attractive to shuttle operations. Frontline is selling the sister ship to the same buyer

FGH gets approval for BLM sale
Friede Goldman Halter, Inc. says Judge Edward Gaines has approved the previously announced sale of Brissonneau & Lotz Marine (BLM)

Shell orders two more LNG carriers
Shell International Gas Limited (Shell) announced the order of a further two Liquefied Natural Gas (LNG) carriers; one from the Mitsubishi Heavy Industries and one from Daewoo

Bergesen makes $12 million on newbuilding resale
Norway's Bergesen has entered into a preliminary agreement to sell the tanker Berge Kyoto (296.000 dwt, built 2001) to foreign interests for $83 million.

Ice and floods hit barge line earnings
American Commercial Lines LLC (ACL) reported a first-quarter operating loss of $10.4 million,

Conoco, Alabama Shipyard and Samsung in shuttle tanker alliance
Conoco's wholly owned affiliate, Seahorse Shuttling and Technology LLC, has formalized an alliance with Alabama Shipyard, Mobile, Ala., and Samsung Heavy Industries of Korea to develop a design and construction plan that could have double hulled, dynamically positioned, American-built shuttle tankers ready for service in 2004.

USCG takes penalty action against Alaska cruise ship
The U.S.Coast Guard is taking penalty action against the cruise ship Norwegian Sky f

IMO/ILO draft guidelines on seafarers' welfare
Governments are to be formally urged to require shipowners to provide adequate financial security to cover claims from seafarers in cases of abandonment, personal injury and death.

Incat completes naval mission
An 86 m wavepiercing catamaran built for commercial service has completed its mission with the Royal Australian Navy (RAN) following a two-year charter.

FGH back to work on car carrier, gets letter of intent for OSV
Friede Goldman Halter, Inc. is resuming work on the Pasha Hawaii Transport Lines (PHTL) car carrier and says its Halter Marine unit has a letter of intent for a 220 ft OSV

Rolls-Royce wins pod orders
Rolls-Royce has won contracts to supply podded propulsion systems and deck machinery for Queen Mary 2,

Kurz continues cutting Seabulk losses
"While we have not yet achieved bottom-line profitability, which remains our number one priority, we did post solid quarter-over-quarter gains," said President and CEO Gerhard E.Kurz, reporting first quarter results for Seabulk International, Inc.

Sembcorp Marine unit invests in Brazil yard and
bags FPSO conversion order
SembCorp Marine Ltd subsidiary, Jurong Shipyard Pte Ltd. (JSPL), will be investing about US $8.8 million in newly formed joint-venture company, Mauà Jurong S.A. in Rio de Janeiro

South Korea plans strong WTO defense
Today's South China Morning Post reports officials in Seoul as saying that the European Commission will face a strong defense from South Korea if the commission takes World Trade Organization action against that country's shipbuilding practices.

New deepwater drilling record
Transocean Sedco Forex Inc.says it set a new world record for ultra-deepwater drilling when the company's Discoverer Spirit drillship spudded an exploration well in 9,687 feet of water in the Gulf of Mexico

Strong quarter for Conrad
First quarter results for Conrad Industries, Morgan City, La.were the "best from operations since the third quarter ended September 30, 1998," said president and CEO William H. Hidalgo

Mosvold board takes Frontline offer

PGS in gas-to-liquids venture

FGH stops work on Petrodrill rigs, car carrier

Northrop Grumman makes counterbid for NNS

Strong tanker market boosts Frontline earnings

OSG income soars

EC sets out strategy to counter "unfair" Korean shipbuilding practices

Another construction vessel for Horizon Offshore

AMCV earnings hit by price competition

$42.2 million contract mod for EB

USMR to acquire Hawaii yard

Schat-Harding wins Queen Mary 2 lifesaving contract

Motions, pay cuts and sea trials at FGH

Taiwan yard "faces bankruptcy"

Røkke loses latest Kværner bid in squeaker

Rep. Gene Taylor to keynote Gulf Offshore

ABS to develop Brazilian offshore regulations

Cruise market sails past 12 million passenger mark

Intercargo publishes bulker loss report

FGH retains reorganization advisors

Broström benefits from strong freight rates

Maritrans reports improved earnings

Wärtsilä to acquire Ciserv

BV calls for class cooperation

Bender seeks control of Tampa Bay Shipbuilding

Tim Colton opens new maritime consultancy

Ocean Rig private placement oversubscribed

Big FPSO contract for ABS

EC says Korean shipbuilders still pricing below cost

Litton Ingalls gets $196.5 million LHD 8 contract

NTSB releases Ecstasy fire findings

MEPC moves on TBT and more

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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