Greek cargo transporter Diana Shipping Inc. said Wednesday it swung to a loss in the second-quarter, after paying a one-time, acquisition-related preferential dividend. The company reported a net loss attributable to common shareholders of $7.1 million, or 15 cents per share, compared with profit of
Fugro has exercised its earlier agreed option to enter into a charter agreement with E Forland Shipowners (Norway) for the Seisquest, an 8-streamer 3D seismic survey vessel. The charter will be for four years (with options for extension) and will commence in May 2007 after the expiration of the vess
The Waverley paddle steamer is back on the water after an inspection by the Maritime and Coastguard Agency. The vessel has set sail for Tarbert less than 24 hours after it run aground at Girvan during a routine summer excursion with 740 people on board. The incident happened at 1600 BST on Monday as
A charter vessel belonging to Finland’s Strandbo group ran aground in the Turku archipelago late on Tuesday morning, the West Finland Coast Guard reported. The incident took place north of Korpo. The 25-metre vessel was transporting 42 passengers, as well as two crew members, at the time of the inci
The coast guard has taken samples of fuel from at least 24 ships that have sailed across the Saronic Gulf in recent days as part of its efforts to track down the vessel that caused large oil slicks to appear on Saturday at two beaches in southern Athens, officials said yesterday. The samples have be
Aker Yards has signed a contract for the construction of two bunkering tankers for delivery in March and June 2008. The vessels are similar to those delivered by Aker Yards in 2005 and 2006. The two merchant vessels will be built at Aker Yards in Braila, Romania and are ordered by Maritima in France
On August 10 after the seatrials Vyborg Shipyard delivers the oil tanker “Aktau” to Raiffaisen Leasing Kazakhstan. The technical draft was made by Vympel construction bureau. The vessel is aimed for the crude oil and oil products transportation in the Caspian region.
The Electric Boat shipyard is banning tobacco whether it’s smoked, chewed or savored as snuff. EB says that by next July it plans to prohibit the use of all tobacco products on company property in Groton. The new policy is aimed at improving the health of workers and minimize health-related expenses
A new weekly shipping service from the Far East to the United States’ East Coast has arrived at the Port of Miami. Starting today, the CKYH Alliance will call at the Miami-Dade County port with its first vessel, Barcelona Bridge. The alliance is composed of COSCO, Yang Ming Line, Hanjin Shipping and
South Australia has opened a
Shell Malaysia has achieved another exploration and production milestone with the first delivery of natural gas from the E8 field off the coast of Sarawak, Malaysia. Operated by Sarawak Shell Berhad, the E8 field is a key component of the E11 Hub Integrated Gas project, one of Shell
This statement was made today by Bob Malone, Chairman and President of BP America, Inc., at a press conference in Anchorage, Alaska. “We deeply regret that it has been necessary to take this drastic action of an orderly and planned shutdown of the Prudhoe Bay oil field. “On behalf of the BP Group, I
THE deadline for submission of tenders for the removal of the Safmarine Agulhas wreck has been extended by a week until next Wednesday. The ship finally snapped in half on Saturday after being battered by merciless seas for more than a month. The Daily Dispatch yesterday learnt that a salvage compan
Three Chinese sailors who were among a 25-member multinational crew held captive by Somali militiamen for nearly four months landed safely in Shanghai Monday afternoon. The men, Jin Hongji, Yuan Zhengnan, Li Taimin, arrived at Pudong International Airport after a flight from Dubai, capital of the Un
