Increasingly, environmental demands from governments and groups - large and small - will continue to shape the way in which the marine business is conducted. Pressure on ship and boat owners to keep the waters in which they work as pristine as possible has been building for years,
Seventeen stevedoring and marine terminal companies were honored in New York City for safety efforts over the past two years that helped reduce the frequency of accidents among some 11,000 waterfront workers in the bistate Port of New York and New Jersey.
The Maritime Subsidy Board has determined the fair and reasonable price and constructiondifferential subsidy (CDS) rates for the reconstruction of two 89,700-deadweight-ton tankers, the Chestnut Hill and Kittanning, operated by Chestnut Shipping Co.
Far East-Levingston Shipbuilding Ltd. (FELS) has signed a contract to construct a semisubmersible accommodation and construction platform for Consafe Offshore AB. The rig will be built in Singapore, and is scheduled for delivery in the third quarter of 1982.
The People's Republic of China has ordered petroleum drilling controls and blowout preventers valued at approximately $2 million from The Rucker Company, a major producer of petroleum drilling and well production equipment. Company officials said
Boots Hansen of Boots & Coots Inc. of Houston, Texas, and Paul Koomey of Koomey Inc. of Brookshire, Texas, recently announced the development and sale of a new device for high-pressure oil or gas wells they feel is a significant answer to platform safety.
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