U.S. Shipping Partners L.P. (NYSE: USS) (“U.S. Shipping”) today announced that it has completed a long-term time charter for employment of the second of its series of articulated tug barges (“ATBs”) scheduled to be delivered in mid-2008. The charterer, an investment grade company, will utilize this
Statoil has installed a new subsea template that ensures improved recovery on the Norne field in the Norwegian Sea. A total increase of 10 million barrels of oil is expected. One of the two wells tied in to the template commenced production on 18 October. “Statoil’s ambition is to maintain a product
Russian Transpac 52 Rusal Synergy won today’s first inshore race in the build-up to the start of the 608-mile Rolex Middle Sea Race this Saturday. When skipper Alexei Nikolaev crossed the finish line off Fort Manoel in Malta, he suspected that he’d had a good race, which was later confirmed by the I
More than your average sailboat, mega yacht charters offer all the luxury of a five star hotel, more room than most city apartments around the world, and the freedom to go where you want without having to pack and unpack at every stop. In addition, mega yacht charters come fully staffed if you so de
Jongert has announced a brand-new motor yacht concept called the 2900 MY. The newly formed motor yacht division at Jongert is in for a busy time. Negotiations are already underway for the construction of several 36-metre versions of the 2900 MY as well as more traditional-looking 35-metre displaceme
Tamil Tiger rebels have carried out a suicide attack on a naval base in the southern tourist city of Galle, the Sri Lankan military says. Two rebel boats exploded damaging navy vessels, while fighters in another two boats reached shore as shots were exchanged, security forces said. It is the first t
GulfMark Offshore, Inc. (Nasdaq:GMRK) today announced the completion of the sale of the Highland Patriot, the Highland Sentinel, the delivery of the newbuild Sea Sovereign, and the acquisition of an option vessel, Hull 861B. The Highland Patriot, a 1982 built 233 ft. platform supply vessel operating
Bad weather forced state-controlled Statoil ASA to shut down an offshore oil field that produces 140,000 barrels daily because of lifeboat restrictions, a spokesman said. With another platform closed for safety reasons, Statoil’s oil flow is now reduced by a total of 340,000 barrels per day, or abou
North Sea cod are in danger of dying out without a complete fishing ban, scientists say. So where does the cod on the fish counter or in the chippie come from? Cod has long been a firm favourite in the UK, whether served in batter with chips, nestled in a fish pie or given the […]
Every year since 2001, the European Union’s scientific advisers have urged a complete halt to cod fishing in the North Sea. Every year European fisheries ministers have discarded the advice, and set quotas ranging from 49,000 tonnes in 2001 to 23,000 tonnes in 2006.
Teekay Shipping Corporation (Teekay) (NYSE: TK) today announced that it has acquired, through its wholly owned subsidiary TPO Investments AS, 50.3% of the shares of Petrojarl ASA (Petrojarl), pursuant to its mandatory bid announced on September 18, 2006. The mandatory bid to purchase the remaining P
On October 17 2006 STX Shipbuilding (Korea) delivered the new product tanker to the order of Sovcomflot JS
Cruises along the Manchester Ship Canal are more popular than ever, with a rise in passenger numbers of more than 20% in the past year. The cruise ships make six-hour trips between Liverpool’s Pier Head and Salford Quays, providing commentary on the history of the 35-mile waterway.
Warships will be attacked by “terrorists” on water scooters as they move up the Clyde in a major exercise. Neptune Warrior, or NW 063, will also see mock aerial bombing attacks on civilian airports in the Hebrides. The exercise, which will run from 23 October to 2 November, has previously been criti
