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POSTINGS FOR AUGUST2000



AUGUST 

Farstad 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, the Q4000. 

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."   

Strike at BIW 
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 Britain'sAirtours plc. 

Carnival cancels two cruises for Azipod preventative maintenance 
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. 

Rig 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 2001. 

Western Gulf lease sale attracts $154 million in high bids 
This week's Federal offshore natural gas andoil lease sale in the Western Gulf of Mexico received $153,660,031 in highbids. 

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 Marine" 

Masa-Yards wins another Carnival order 
Kvaerner has secured its second major cruiseship agreement this week 

Cammell 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. 

Costa 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. 

Massiveoffshore drilling merger 
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. 

Kelvin 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 DNVWatch-1 standards. 

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, Kursk, 

Firm 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. 

FPSO 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 Guinea. 

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 safetyinspections 

NASSCOand 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 labor contract 

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 descriptivenote. 

MMSreleases FPSO draft 
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 Administratorfor Shipbuilding. 

Global 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 yard thismonth. 

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. 

Hvide 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 year-earlier period. 

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 

Pennsylvania 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. 

Piracyincidents continue 
Daily reports broadcast to shipping by the IMB'sPiracy Reporting Center from August 1--8, show little let up in piracyattempts on shipping 

Rising 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. 

H&W might 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. 

Halterreports more losses 
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. 

Kvaernermakes offer for Aker Maritime   
Kvaerner ASA today announced a proposed all-shareoffer for Aker Maritime ASA. 

AmericanCommercial 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 

Vibration problemsfor Millennium 
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 

Conocoand 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 

Frontlinenearer to Golden Ocean acquisition 
The bankruptcy court in Wilmington, Delawarehas approved Frontline's disclosure statement setting out its proposalrestructuring of Golden Ocean Group Ltd. 

DiamondOffshore 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 

 

NEWS STORIES FOR JULY 2000 

NEWS STORIES FOR JUNE 2000 

NEWS STORIES FOR APRIL-MAY2000 

NEWS STORIES FOR JANUARY-MARCH2000 

News postings for September-December1999 

NewsPostings for August-January 1999

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