An action plan aimed at securing the long-term future of Scotland’s fishing industry has been launched by the Scottish Executive. The stock management plan has been developed by the industry. Fisheries Minister Ross Finnie believes it shows there is a lot to look forward to after years of pessimism.
VT Halter Marine and NOAA furthered their relationship this week with the announcement that the Moss Point shipbuilder will build a fifth ship for the agency. The National Oceanic and Atmospheric Administration awarded Halter a contract Monday to build the SWATH CMV, a dual-hull vessel that will map
With military ties growing, the US is transferring one of its amphibious ships ‘USS Trenten’ to India to give the Indian Navy the capability to move troops and equipment to greater distances, a top American Commander has said. The transfer is expected to take place sometime this December, Commander
The Halifax Shipyard is getting back into building ships. Irving Shipbuilding Inc. has won a contract to build a small cruise ship for Pearl Sea Cruises of Connecticut. Although there is no firm commitment on a second vessel, it is expected another ship will be also be built in Halifax. Charles Robe
Overseas Shipholding Group Inc. has a definitive agreement to acquire Maritrans Inc., one of the Tampa Bay area’s largest public companies, for $455 million. Terms call for New York-based Overseas Shipholding (NYSE: OSG) to acquire Maritrans in an all-cash transaction for $37.50 a share, a 47 percen
The first two Damen Axe Bow vessels have been delivered to Oceanteam, with office in Amsterdam, the Netherlands. The vessels will be leased by Diavaz for operation in deep water in the Gulf of Mexico. The vessel’s axe shaped bow maximises the waterline length and prevents the bow from coming out of
Keppel FELS Limited (Keppel FELS) has secured a repeat order for an ultra-deepwater semisubmersible (semi) drilling rig from a wholly-owned subsidiary of ENSCO International Incorporated (ENSCO). The total project value is approximately US$385 million. To be named ENSCO 8502, the semi is scheduled f
Frontline Ltd. (“Frontline” or the “Company”) has agreed to sell its VLCC Front Beijing, which was delivered in 2006, for gross sale proceeds of $141.5 million. Delivery to the buyers is expected to take place in November 2006. This transaction will give a positive result of approximately USD 59 mil
Hyundai Heavy industries Co. (KSE:009540), the world’s biggest shipyard, has clinched a US$1.6 billion order for an offshore platform project in the United Arab Emirates (UAE), the largest single order in the industry. Hyundai Heavy and the UAE’s state-run oil and gas firm, Abu Dhabi Marine Operatin
A leading fishing body has quit a Scottish Executive-backed working group claiming it was failing to protect fisherman from European catch cuts. The Fisherman’s Association Limited (FAL) announced the split ahead of the launch of the group’s action plan. It said the Sea Fisheries Advisory and Refere
Campaigners are renewing their call for new ship orders for a Cumbrian yard at the Labour Party conference. The BAE Systems yard in Barrow is currently involved in building submarines for the Royal Navy. It is also bidding to be part of a multi-billion pound aircraft carrier building programme. Memb
ENSCO International Incorporated (NYSE:ESV) announced that one of its subsidiaries has entered into an agreement with the Keppel FELS Limited (Keppel FELS) Shipyard in Singapore to construct an ultra-deepwater semisubmersible rig to be named ENSCO 8502. The total project cost of ENSCO 8502 is curren
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BP today announced that it has reached agreement to acquire acreage interests from Chevron in the UK Central North Sea containing the Arundel and Kidd discoveries and further exploration potential. As a result of this deal, which is subject to DTI approval, BP will increase its interest in License P
