Sex Scandal on USS aircraft carrier

Captain Owen Honors, 49, from Syracuse, New York, took command in May of the USS Enterprise, which was the world's first nuclear-powered aircraft carrier and can carry a crew of more than 5,800. The videos were produced in 2006 and 2007 while he was Executive...

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Samsung president eyes fierce competition

Roh In-sik, president of Korea's Samsung Heavy Industries, prospected an acute competition between shipbuilders as saying, "because of mushroomed building facilities of each yard in the world, a cutthroat competition is expected between shipyards for new order...

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SPP yards merge into 'SPP Shipbuilding'

Korea's SPP Group merged its shipbuilding subsidiaries into SPP Shipbuilding as of 1st January 2011. SPP Shipbuilding absorbed SPP Plant & Shipbuilding and the name of the integrated company is to be still SPP Shipbuilding with its headquarters moving to the...

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Govt won't pay for waiting ships

THE Queensland Government does not pay for ships to wait at the Gladstone Port to load coal, according to the Gladstone Ports Corporation (GPC). Because of low coal stock on the ground at the GPC due to flooding, over 18 coal carriers are waiting off the coast...

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Watchkeeper: May the wind be with us

Whatever the electrical efficiencies of wind power, and there remain plenty of doubters in this respect who point to the need for conventional backup, there can be no denying the maritime business opportunities it offers. [Read More] Source: SeaN...

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Oil Eaters

Last April when BP's Macondo well started gushing crude oil into the Gulf of Mexico, the sudden need for skimmers quickly became apparent. The need was especially great for inshore areas, especially in and around marshes. Mississippi alone spent $20 million to...

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Latest in Fleet of Tugs Heads to Panama Canal

On December 4, the third in a fleet of 13 new tugboats purchased by the Panama Canal Authority (ACP) began making its way from Hong Kong to Panama. The Sixaola is expected to arrive at the Panama Canal in mid-February. [Read More] Source: Marine L...

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First Self-Sufficient Zero Carbon Life Support Vessel (LSV)

The Ocean Empire LSV (life support vessel) is a 144.3-ftSolar Hybrid Superyacht with two Hydroponic farms and fishing facilities to harvest the sea. Her solar powered propulsion systems and all the hotel amenities of a luxury global voyager are supplied by harnessing...

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Somali pirates hold 613 as 2010 closes

THE YEAR is ending with 26 vessels and 613 hostage seafarers being held by Somalian pirates, according to the EU’s anti-piracy force. [Read More] Source: Safety at ...

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Ice grips Russian ships

RESCUERS today are reportedly trying to reach more than 600 seafarers on 10 vessels trapped in the Sea of Okhotsk ice in the Russian Far East. Distress signals have been received from the 2,062gt scientific research vessel Professor Kizevetter and the fishing factory ship Sodruzhestvo, sent from Sakhalin...

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Brazil To Hold Presalt Oil Block Auction In 2011 - Minister

Brazil's new government will auction rights to develop mammoth offshore oil and gas blocks this year, under new rules recently approved by Congress, incoming Mines and Energy Minister Edison Lobao said Monday. A number of mammoth oil fields have been discovered...

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The state gas company of Cyprus concludes talks on LNG supplier

The state gas company of Cyprus has concluded talks to find a preferred liquid natural gas  supplier for 20 years, its energy minister said, while declining to confirm media reports it had picked Royal Dutch Shell.  State-controlled Defa has been in...

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Israeli panel set to propose tax on gas production

An Israeli government committee is expected to propose a tax on natural gas production of up to about 55 percent on Monday, a rate energy companies say will cost them billions of dollars and discourage production. [Read more] Source: Reut...

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Exxon Mobil platform in Gulf of Mexico restarted

An Exxon Mobil oil and gas production platform in Gulf of Mexico block West Delta 73 has been restarted after repair of a small leak, a company spokesman said Monday. "The platform was immediately shut in, and repairs were completed. The platform restarted within...

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PA RESOURCES : awarded German offshore licence

PA Resources announces the award of German offshore licence adjacent to its Danish Licence 12/06. Two wells will be drilled on the Danish licence in 2011. The State Office for Mining, Energy and Geology of Schleswig-Holstein has awarded PA Resources UK Limited the German offshore Licence B20008-73 with...

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Hutchison Raises Stakes in South China Ports

Hutchison Whampoa Ltd. said Monday it plans to spend 5.7 billion Hong Kong dollars (US$733.4 million) to raise its controlling stakes in ports in Hong Kong and Shenzhen, underscoring its optimism about a recovery in the container-shipping market. [Read More] Source:...

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BOS to conduct 2D program offshore West Africa

Bergen Oilfield Services (BOS) has agreed with the governments of Senegal., Gambia, AGC, Guinea Bissau, and Guinea Conakry to acquire, process, and promote a 2D, long-offset, multi-client seismic data acquisition program offshore West Africa. [Read more] Source:...

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Lisco Gloria declared a total loss

The burned out ro-pax ferry Lisco Gloria has now officially been declared a total loss. The underwriters have paid out an insurance sum to DFDS Lisco as the total repair cost amounted to nearly DKK 450 million. [Read More] Source: Shipgaz N...

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Shell to Build Dock to Develop Majnoon, Iraq Ports Chief Says

Royal Dutch Shell Plc will build a dock in Iraq’s southern Shatt al-Arab waterway to handle equipment needed to develop the Majnoon oilfield, the head of the country’s state-run ports company said. [Read more] Source: Bloomb...

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CGGVeritas announces JV with PetroVietnam

French company CGGVeritas has announced that it has signed a term sheet with PetroVietnam Technical Services Corporation (PTSC) to create a joint venture to operate 2D and 3D marine seismic vessels, primarily in Vietnamese waters. [Read More] Source: Baird Marit...

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Fear over sea robbery

The International Maritime Bureau has said that there is good reason to believe that sea robbery will be more successful in 2011. The bureau added that the ship owners will feel increasing pressure from insurers, counterparties, unions, navies and governments...

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BOEMRE clarifies steps needed to restart for 13 companies whose activities were cut short by deepwater drilling moratorium

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today notified 13 companies whose deepwater drilling activities were suspended by last year’s deepwater drilling moratorium that they may be able to resume those previously-approved activities without the need to submit revised...

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Will shipping and shipbuilding stocks cruise in 2011?

This year is unlikely to bring many positive surprises for Indian shipbuilding and shipping companies. To start with, global oversupply of vessels has made order inflows difficult to come by for Indian shipbuilders. Though some analysts have maintained after the...

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Dry bulk market to range between 1,700 and 2,600 points in the first quarter of 2011, analysts say

As we entered 2011, ship owners and analysts, as well as shipbrokers are looking into their “crystal balls” to try to decode the dry bulk market’s behavior this year. Those who will succeed may benefit in their business. A recent poll of analysts provided some insight as to where the industry’s benchmark...

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Diamond Offshore orders ultra-deepwater drillship from HHI for $590MM, may build another

Diamond Offshore Drilling, Inc. has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of a new ultra-deepwater drillship with delivery scheduled for late in the second quarter of 2013.  Total cost, including commissioning,...

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Shipyard to assess damages to sunken dry dock

The Guam Shipyard is trying to determine whether its large dry dock was damaged after it took on water and partially sank over the weekend. Guam experienced high surf because of a weather system near Japan. The dry dock "Machinist," also known as "Big Blue," took...

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Noble: Marathon canceled 4-year, $752MM rig contract on Noble Jim Day

Noble Corporation today reported that Marathon Oil Company has provided notice that it is terminating the drilling contract for the ultra-deepwater semisubmersible drilling rig Noble Jim Day.  Marathon's stated reason for the termination was that the rig...

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Seadrill buys two under-construction ultra-deepwater semisub drilling rigs for $1.2B

Seadrill has entered into an agreement to acquire the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II. The total project price for the two rigs, which are currently under construction at the Jurong Shipyard in Singapore, is estimated...

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Iran aims to maximize offshore oil output

Iran is looking at ways to lift oil production from various offshore fields in the Persian Gulf. According to a report by Iranian news service Shana, the National Iranian Offshore Oil Co. (NIOC) is focusing on the Soroush, Norouz, Hendijan, Bahregansar, and Mahshar...

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Subsea 7 and Acergy to become Subsea 7 only this week

Acergy and Subsea 7 today jointly said that they expect to complete the combination of the two by the end of this week. The new company will be named Subsea 7 S.A and will be the worlds biggest subsea seabed-to-surface engineering and construction company. Subsea...

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FPSO installation deal to Aker Solutions

MODEC will supply the PSVM FPSO to BP for the oil company's PSVM (Plutão, Saturno, Vênus and Marte) development in Block 31 offshore Angola.  The FPSO will be installed in approximately 2 000 meters water depth and have production capacity of 157,000 barrels...

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W&T Offshore to Present at the Pritchard Capital Partners 2011 Energize Conference in San Francisco

W&T Offshore, Inc. announced today that the Company will be presenting at the Pritchard Capital Partners 2011 Energize Conference being held at the Westin San Francisco Market Street Hotel on January 5 - 6, 2011. Tracy Krohn, W&T Offshore's Chairman and...

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FAIRSTAR HEAVY TRANSPORT - Semi-Submersible Vessel FJORD Awarded CLOV FPSO Contract by DSME

Fairstar Heavy Transport NV (FAIR) has signed a contract with DSME to transport FPSO components from Angola to Korea for the CLOV FPSO. The contract value is USD 4,800,000. The open-stern semi-submersible vessel FJORD will perform the transport, scheduled at the...

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