Vessel caps on crab vessels fishing cooperatively in the Bering Sea and Aleutian Islands under crab rationalization came up for review by the North Pacific Fishery Management Council in their October meeting. The council adopted a motion requesting staff to expand a discussion paper on vessel caps t
STOCKHOLM, Sweden: Rescuers on Thursday called off the search for a crew member missing after a Swedish freighter sank in a Baltic Sea storm, killing one and leaving 12 others hospitalized. The crew, from the Philippines and Sweden, jumped into the water as the 155-meter-long (508-foot-long) Finnbir
China is trying to challenge Korea
The Dung Quat Shipbuilding Industry Corporation began its construction of a 104,000 DWT oil tanker on Monday at the Dung Quat Economic Zone in Quanng Ngai Province. The vessel
BC Ferries announced today that Victoria Shipyards has been awarded the contract to perform major modification work on the replacement vessel for the Queen of the North.
Stockholm – Rescuers battled stormy seas and driving snow in a hunt for a crew member of a Swedish cargo ship which sank in the Baltic Sea on Wednesday, an emergency services official said.
On November 2, 2006 the Volgograd Shipyard launched the first “Khazar” type dry cargo ship of the RSD19 project for Irinvestship Limited (Iran). All in all, the 4 vessels are to built within the 2 years. The construction of each vessel is $11 mn.
Transocean Inc. (NYSE:RIG) today reported net income for the three months ended September 30, 2006 of $309.0 million, or $0.96 per diluted share, on record quarterly revenues of $1,025.7 million. The results compare to net income of $170.4 million, or $0.50 per diluted share, on revenues of $762.6 m
Ten Somalis have been sentenced to seven years in jail for piracy and hijacking by a Kenyan court. The men were arrested earlier this year by the US Navy which responded to a reported hijack off the Somali coast.
Parker Drilling Company (NYSE: PKD) today reported earnings of $18.6 million, or $0.17 per diluted share, on revenues of $146.8 million for the third quarter ended September 30, 2006, compared to revenues of $127.9 million and net income of $18.1 million or $0.18 per diluted share for the third quar
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A Norwegian oil rig carrying 75 people is in controlled drift in the North Sea on Wednesday after its tow lines broke loose during a heavy overnight storm. Owner Fred. Olsen Energy, an offshore services group, said the Bredford Dolphin semi-submersible drilling rig was being tugged out of Norwegian
The Stern Review published this week, warning of a massive economic fallout if no action is taken to combat global warming, has called on so-called ‘carbon pricing’ to be extended to international aviation and shipping.
Abu Dhabi-based National Petroleum Construction Company (NPCC) yesterday announced it won a $390 million (Dh1.431 billion) contract from India’s Oil and Natural Gas Corporation (ONGC). The latest contract takes the total value of NPCC’s contracts with ONGC to over Dh2.2 billion.
