The cyclical nature of the oil business has blossomed into full bloom during the latter part of 2000, as a host of political power plays have sent oil prices on a virtual rollercoaster, albeit mostly up, helping to send it soaring as high as $37/barrel at the time of this writing.
Around the world, people involved with shipping are booking flights to Greece and preparing to do business at the Posidonia 2002 International Shipping Exhibition, held on the Piraeus waterfront from June 4-7. 2002. With the Greek market worth a conservative $16 billion per annum,
"Hamburg has the facilities — and the drive — to develop into the most important North Sea/Baltic port for handling United States cargoes," according to Helmut F.H. Hansen, executive director of port commerce, Port of Hamburg. That was the message
On December 28, 1973, National Steel and Shipbuilding Company (NASSCO) of San Diego, Calif., delivered the S/S Coronado, a 38,300-dwt tanker to Margate Shipping Company of Philadelphia, Pa. The S/S Coronado, the first of three NASSCO- designed
Nippon Paint is restructuring its marine coatings subsidiary to increase its presence in the global marine paint market for newbuildings, shiprepair and maintenance. As part of a strategy to build up its marine coatings business worldwide, Nippon
Mirrlees Blackstone, one of the world's largest manufacturers of medium-speed diesel engines, has moved into its recently constructed sales, service, and warehousing facility in Houston. The facility, located near Intercontinental Airport, will
Vosta LMG won a contract for components and engineering package for an 18-in. Cutter Suction Dredge for Cottrell Contracting, a U.S.-based dredging company. The dredge will be built in co-operation with Cottrell Contracting at a shipyard in the U.
Floating production has evolved to a mature technology that opens for development oil and gas reservoirs that would be otherwise impossible or uneconomic to tap. The technology enables production far beyond the depth constraints of fixed platforms, generally considered to be 1,400 ft.
The Credit Rating and Insurance System (CRIS) — a specialized and reportedly realistically priced credit risk insurance plan, tailored to meet the debt protection and credit information needs of the international marine industry — was launched recently
American Aero, Inc. of Houston, a subsidiary of Weatherford I n t e r n a t i o n a l , has promoted Dwight Toney to sales and operations manager for its Marine Crane Division. He will be responsible for both domestic and international sales involving