The Coast Guard Foundation, a non-profit organization committed to the education, welfare and morale of all Coast Guard members and their families, announced that its 8th Annual Tribute to the United States Coast Guard’s Fourteenth District will take place on Thursday, March 11, 2010 in Honolulu, Hawaii.
ShipX (www.shipx.org) is the new Internet auction site for shipping. With increased ship breaking and a new focus on liquidation of surplus stock to improve cash flow, ShipX offers the opportunity of maximizing asset value in a competitive bidding environment. ShipX allows sellers to expand their market and maximise the price at a reasonable cost.
Signal International Inc. announced the purchase of the Bender Shipbuilding & Repair assets through a bankruptcy auction. Signal was the winning bidder of the Mobile, Ala. shipyard for $31.2m which is contingent upon approval by the United States Bankruptcy Court for the Southern District of Alabama.
Secretary of the Interior Ken Salazar announced the Department will hold an oil and natural gas lease sale for the Central Gulf of Mexico Outer Continental Shelf that will offer nearly 36 million acres and could produce up to 1.3 billion barrels of oil and 5.4 trillion cubic feet of natural gas.
The Panama Canal Authority (ACP) announced its operational metrics for the 2009 fiscal year (FY 2009). Most importantly, Canal Waters Time (CWT), the average time it takes a vessel to navigate the Canal, including waiting time, significantly decreased. Fiscal year 2009 (October 2008 – September
The Wisconsin Maritime Museum in Manitowoc, Wisconsin held its 7th Annual Commodore’s Ball Saturday October 3, 2009. This year’s theme was “The Burger Tradition: Past and Present,” celebrated the heritage of Wisconsin's own world-class yacht builder by commemorating Burger Boat
Perenco Ecuador Limited has called on the Government of Ecuador to cease efforts to sell oil seized from Blocks 7 and 21 in defiance of orders by international arbitration tribunals, and instead to seek a negotiated solution to the dispute concerning the applicability of Law 42. Perenco Ecuador is the Operator of the two blocks in question.
The Coast Guard Foundation, a non-profit organization committed to the education, welfare and morale of all Coast Guard members and their families, announced that its Guardian of the Heartland Annual Tribute to the United States Coast Guard’s Eighth District will take place on Friday, April 3, 2009 in New Orleans, Louisiana.
The Coast Guard Foundation, a non-profit organization committed to the education, welfare and morale of all Coast Guard members and their families, announced today its Annual Tribute to the United States Coast Guard’s Fourteenth District will take place on Thursday, March 12, 2009 in Honolulu, Hawaii.
International Boat & Marine Auction Services, in cooperation with Marine Business Exchange, Inc. (marinebusinessexchange.com) announced the auction of the 1982 Bulk/Refrig. Cargo Hauling Vessel, M/V June B, to be sold to the highest bidder, no minimum reserve.The auction will take place Wednesday, March 25, 2:00 p.
O’Melveny & Myers LLP represented the Port of Oakland, the third busiest Port on the U.S. West Coast, in an inaugural bidding process for a long-term concession to operate, maintain and further develop a land water-side site comprising approximately 175 acres of its maritime operations area.
Unknowns Best Offshore Industry After Record-breaking Year(s)In mid July of 2008, oil prices shattered all-time records and hovered around $140 per barrel. Analysts had dire warnings of $200 per barrel oil. Gone are the days of “cheap” oil, cable newscasts screamed. Exactly a decade ago,
Peter I. Keller, President of NYK Line (North America) Inc., has been selected the 2009 Person of the Year by the New York/New Jersey Foreign Freight Forwarders and Brokers Association, Inc."Peter Keller has significantly impacted the global trade community and demonstrated great leadership in the international transport industry,
On December 19, 2008, the iconic Lt. Robert E. Lee riverboat will be sold to the highest bidder - regardless of price - at an unreserved public auction in St. Louis, Missouri. Built in 1969, the 19th-century replica riverboat served for decades as a popular restaurant and nightspot on the Mississippi River; it was extensively renovated in 2000-01.
The Panama Canal Authority (ACP) released fourth quarter (Q4) operational metrics for fiscal year (FY) 2008. These metrics are based on operations from July through September 2008, the fourth quarter of the ACP's 2008 fiscal year and are compared with Q4 of FY 2007. In Q4 of FY 2008, tonnage decreased minimally,
The Panama Canal Authority (ACP) announced its operational metrics for the 2008 fiscal year (FY 08). Year-end (October 2007 – September 2008) statistics reveal a marginal decline in total transits and tonnage when compared to FY 07. However, the Canal also experienced growth in core segments, most notably tanker and passenger transits.
B+H Ocean Carriers Ltd. announced that it will commence a modified "Dutch Auction" tender offer to purchase up to 600,000 shares of its common stock at a price per share not less than $4.00 and not greater than $5.00.The tender offer is expected to begin on October 20, 2008, and to expire on November 17,
“You got to be careful if you don't know where you're going, because you might not get there.” • Yogi Berra Each rise in the price of oil and its companion hike in gasoline prices moves us further and further into uncharted territory. What was once an academic
Antique car enthusiasts in Puerto Rico were given a special treat this past weekend during the annual Gran Feria de Autos Antiguos when they got to see an extremely rare 1936 Duesenberg V-12.
The vehicle is worth $2m and there is only one known to exist worldwide. It was on display at the Hiram Bithorn Stadium in Hato Rey Feb.
A huge offshore oil discovery could raise Brazil's petroleum reserves by a whopping 40 percent and boost this country into the ranks of the world's major exporters, officials said according to an AP report.
The government-run oil company Petroleo Brasileiro SA, or Petrobras, said the new "ultra-deep"
The Philippine government has taken custody of the MV Philippine Dream, also known as the Floating Casino, following its recent auction to a Singaporean firm, an official said.
Neri Yu, legal officer of the Bureau of Internal Revenue (BIR-7) in Central Visayas, said a Philippine Coast Guard vessel
India will announce the auctioning of 80-85 oil and gas blocks for exploration and production in the seventh licensing round under New Exploration Licensing Policy (NELP) in the first week of November.
Oil regulator Directorate General of Hydrocarbons (DGH) has carved out 80-85 blocks to be offered for bidding under NELP-VII.
The Colombian government Tuesday granted exploration and production rights on nine offshore areas on the Caribbean coast to five different companies in an effort to boost the country's oil reserves.
In Tuesday's auction, Colombian state-owned oil company Ecopetrol SA, India's state-run oil company Oil and Natural Gas Corp.
According to reports, Devon Energy Corporation and its partners are planning to invest at least $775m in exploration off the coast of Brazil.
The company says Brazil appears to be a good place for business and the company will explore for oil and gas in eight areas it's bought in past Brazilian government auctions.
According to a report on www.business-standard.com, the Petroleum Ministry in India is planning to offer up to 80 oil and gas blocks -- perhaps half of them offshore -- in another auction round this August under the New Exploration Licensing Policy (NELP).
The report said that in the previous six rounds, 162 oil and gas blocks have been awarded.
In accordance with the objectives of the 2003-2007 strategic plan, BOURBON is disposing of its nonmarine service operations and is selling its sugar assets in Vietnam.
Following the incorporation of Sucrerie de Bourbon Tay Ninh (Vietnam) as a joint stock company,
Bourbon is announcing the sale of 49% of its stake,
Chesapeake Shipbuilding Corp., based in Salisbury, will build a six-car ferry. The estimated cost: $931,000. Work on the dock, piling, bulkheads and piers will be done by George and Lynch Inc. at a cost of $2.1 million.
An estimated 50,000 vehicles cross the river by ferry each year, said Tina Shockley,
The oil and gas expanded the offshore drilling frontier in the Gulf of Mexico.
Already one of the most explored basins in the world, the Gulf of Mexico’s deepest hydrocarbon deposits will be auctioned off later this year, the result of political maneuvering in the waning moments of the last Congress.
Royal Caribbean International
today announced that it has named seasoned retail executive Steve Shaiken
as vice president of Onboard Revenue. Shaiken will be responsible for
enhancing and promoting Royal Caribbean's onboard revenue products,
including casino operations, retail boutiques, art auctions,
According to Reuters, the U.S. House of Representatives will not accept legislation passed by the Senate that keeps most U.S. Atlantic and Pacific waters off-limits to energy exploration, a key U.S. Republican lawmaker.
Comments by Rep. Joe Barton of Texas, chairman of the House Energy Committee,
Husky Energy Inc. reported net earnings of $682m or $1.61 per share in the third quarter of 2006, up 23 percent from $556 million or $1.31 per share in the third quarter
of 2005.
Production in the third quarter of 2006 was 364,700 barrels of oil equivalent per day, up 20 percent compared with 303,
The Coast Guard, partnered with federal, state and local law enforcement agencies as well as many of the key port players, exercised risk management strategies aimed at protecting the city and the Port of Memphis. The exercise was led by the DHS Protective Security Advisor for the Memphis District, Mr.
Reports indicate that the legal battle over the ownership of the largest piece of the former Fore River shipyard appears to be over, more than three years after auto dealer Daniel Quirk purchased the land at an auction.
The U.S. Court of Appeals in Boston has rejected a bid by construction magnate Jay Cashman to overturn the auction.
Sakhalin Island currently is the oil and gas growth engine for Russia, which will rely on offshore regions for new production after 2010, the Oil & Gas Journal reported. By 2020, offshore fields could account for 20% of Russia's total oil and gas output. However, Russia must implement regulations
Launching a major global initiative for attracting foreign investment in the hydrocarbon sector, India auctioned 55 oil and gas exploration blocks. India offered for sale the onshore and offshore blocks to potential investors, including Brazil's Petrobras, BP (British Petroleum) and Malaysia's Petronas.
Newfoundland, Canada's second largest oil- producing province, plans the third-largest auction of offshore drilling rights in its history after ending a territorial dispute with neighboring Nova Scotia. The province plans to sell rights to more than 4.23 million acres of oil and natural-gas exploration properties,
Chevron Corp. and Exxon Mobil lost an auction for Nigeria's most promising oil and gas fields last year to companies controlled by South Korea. In Venezuela, Royal Dutch Shell's bid to develop an offshore gas deposit collapsed when Brazil's state oil company stepped in. The world's biggest publicly
Sample of Montague Dawson’s work. “A clipper ship in a moonlit sea” (source: www.richard-green.com)
Today's Maritime sale at Christie's New York totaled $3,361,680, achieving the highest ever total for a Maritime sale at Christie's. During the proceedings, a new world auction record was set for Montague Dawson,
According to Ireland Online, the British government paid more than $305,603 to save a rusting boat which once ferried passengers on to the Titanic.
The bid was accepted at an auction in Paris after fears that the SS Nomadic would end up in a breaker’s yard instead of being brought back to Belfast.
The National Trust for Historic
Preservation has included the storied ocean liner United States (SSUS) among
its 2006 nominees for its prestigious "America's 11 Most Endangered Historic
Places" list. The nearly 1000-foot ship still holds the North Atlantic speed
record it took on its maiden