tankers

NASSCO Delivers S/S Coronado— First Of Three For Margate Shipping

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

 

Sembawang's Latest Facility— A New $9-Million Finger Pier

As part of Sembawang Shipyard's $20- million expansion and modernization program, a new $9-million finger pier has recently been completed to supplement the host of other sophisticated facilities at the Singapore yard. The new pier, allowing easier

Work On Two Tankers At Northwest Marine Will Total Over $7.8 Million

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.

Outlook for Floating Production Systems

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.

Osprey Maritime To Sell LNG Operations For $635 Million

Singapore's Osprey Maritime said on Monday it agreed to sell its liquefied natural gas (LNG) operations to new subsidiary Golar LNG for $635 million as part of a restructuring exercise. The marine and chartering services provider said in a statement

GE Credit Buys Third 225,000-DWT Tanker From Seatrain Shipbuilding

The General Electric Credit Corporation announced it has purchased for $120,000,000 the 225,- 000-dwt tanker T.T. Stuyvesant, and that the vessel has been initially chartered to the Standard Oil Company of Ohio (SOHIO) to transport Alaskan oil.

AMSHIP Receives Three More T-5 Tankers Bringing Total To $300-Million

The American Ship Building Company confirmed recently that it had received notification from Ocean Carriers, Inc., of Houston, Texas, that the option for an additional three T-5 Tankers that are to be chartered to the Military Sealift Command has been exercised by the U.

 
 
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