Crewboat "Charles F McCall" joins sister "Sara" The 170-foot Seacor/McCall crew boat "Charles F McCall" will be commissioned in June.
Sun Microsystems chosen for key Gold Team DD-21 element Raytheon Company has selected Sun Microsystems Inc. to participate in the engineering effort to design, build and support the total ship computing architecture (TSCA) for the U.S. Navy's 21st Century Land Attack Destroyer
PGS revenues increase Petroleum Geo-Services ASA reports improved 2000 first quarter earnings, reflecting higher revenue from multi-client sales and the production services group as compared to the same period of 1999.
Trico Marine reports more losses Trico Marine Services, Inc. reports a net loss for the quarter ended March 31, 2000, of $9.1 million on revenues of $26.4 million, compared to a net loss of $7.3 million on revenues of $28.3 million for the first quarter of 1999.
Development of Norway's Kvitebjørn and Grane fields In an effort to boost employment, the Norwegian Government proposes to develop the North Sea Kvitebjørn and Grane fields.
NOL subsidiary orders VLCC's Singapore's NOL Group subsidiary, American Eagle Tankers Inc. (AET), has contracted two double hulled 318,000 dwt very large crude carriers (VLCCs) from South Korea's Hyundai Heavy
Norway ups budget request for Bazan frigates The Norwegian Government has presented a proposal to Parliament that recommends an augmented allocation for the New Frigates Project.
Dramatic twist in Golden Ocean saga A dramatic new turn of events in the battle for Golden Ocean has seen the Cheng family's Channel Rose Trust sell all equity in Golden's holding company, Bermuda-registered Golden Ocean Limited, to Bentley Investments.
Gosport Maersk The 4,340 teu new boxship Gosport Maersk is pictured in the port of Le Havre yesterday on her maiden voyage. The 61,200 dwt vessel is deployed in the North Europe-Far East AE 2 service of Maersk Sealand. She was built at Hyundai in Ulsan.
Petroleum Geo surges into black PETROLEUM Geo-Services, the Norwegian-American seismic and oilfield services company, has reported a first quarter net profit of $6.65m, compared with the $54.41m net loss a year ago. Last year's figure was coloured by aggregate extraordinaries of $71.5m to cover employee terminations, vessel lease cancellations and an accounting change.
Teekay rises sharply on back of Bona deal AFRAMAX market leader Teekay posted a sharp increase in earnings for the first quarter of this year, and cited improving fundamentals and the contribution of recently acquired Bona Shipholding.
Brussels confronts new Russian limits RUSSIAN and European Commission insurance experts have started meeting to consider the new Russian statute on foreign insurance limits.
Island states mull signing the Basle Convention A UNITED Nations visit to the South Pacific has helped small island states take a step towards controlling hazardous waste shipments.
It took more than four years following a congressional directive for the Department of Transportation to propose revisions to motor carrier hours-of-service rules. The wait wasn't worth the result as far as those most affected are concerned. The proposed revisions would permit an extra two hours of driving time daily, which is opposed by the Teamsters and unionized LTL carriers, but reduce on-duty time each day by 20 percent, which is opposed by all carriers as well as owner-operators. Creation of a functional weekend that will keep drivers off duty up to 56 consecutive hours following five days of driving also has met with industry disapproval. DOT says the rules will save lives.
As railroads and truckers increasingly combine assets - both intermodal and intramodal - in web-based ventures aimed at guaranteeing capacity, they could be in violation of a federal restriction on pooling dating to the 19th century. "Among the khaki-clad, button-down dot-com entrepreneurs, there isn't even recognition that a truck regulatory agency exists," said Washington, D.C., transportation attorney Jeremy Kahn. Not filing with the STB for authority to operate a pool could open a trucking dot-com to expensive potential legal liabilities, said former ICC commissioner Paul Lamboley.
"Outsource all noncore activities" has become a corporate mantra. But for Robert P. Goldberg, CEO of the now defunct Goldberg Co. Inc., it is a recipe for disaster. Goldberg is suing Penske Logistics Inc. for $20 million in compensatory damages and $20 million in punitive damages, plus interest and attorneys' fees. He claimed that his "third-generation family business has been destroyed" as a result of an outsourcing contract it signed with the third-party logistics company in 1998. The case is due to be heard during the week of Oct. 30 in the Circuit Court of Henrico County, Va.
Technology is changing and so are the people. DHL Airways, the U.S. arm of international air express carrier DHL Worldwide Express, announced the appointment of Shawn Farshchi as CIO and senior vice president of information services, while FedEx Ground announced the promotion of Michael Hmel to CIO and senior vice president of information systems. Farshchi said he will be overseeing three technology "tracks" to enhance business-to-business functions. At FedEx, the focus will be on the business-to-consumer realm with its new home delivery service.
North America's newest LTL carrier will operate an awful lot like the most profitable group of U.S. motor carriers, Con-Way Transportation Services. Newly formed Toronto-based Con-Way Canada Express is expanding operations into five more provinces as part of an overall strategic plan to build a more comprehensive service network throughout Canada. The service was launched with a press conference in Toronto amid expectations that Canadian shippers would enjoy the high service, high reliability that has become synonymous with the Con-Way brand in the United States.
Kitty Hawk, reeling from the financial mess disclosed earlier this month, ousted its founder and chief executive officer M. Tom Christopher. Christopher, who wheeled and dealed to buy American International Airways more than two years ago, has struggled ever since to merge the two companies. The company admitted defeat, acknowledging it doesn't have enough cash to pay the interest payment due May 15. Bankruptcy, still a real possibility, has yet to be filed while outside advisors gauge how serious the problems are at the Dallas-based airline. Jim Reeves, the company's president, was installed as chairman and CEO while the company searches for a permanent replacement. Christopher, majority shareholder of the company, remains on the board.
CSX's service problems as a result of its continuing difficulty with the Conrail integration were documented with the posting of dismal first-quarter financial results. Intermodal operations have been particularly affected, especially in the Southeast, with domestic stacktrain operator Pacer International one of the railroad's biggest victims. However, CSX claims to have a plan dealing with the situation and optimistic news from a recent Conrail Transaction Council could not have come at a better time.
Boston is battling to keep its direct-call container services, following the news that P&O Nedlloyd plans to close its Boston office and discontinue all-water services to the New England port. For Boston the issue is one of shipping costs, but in a wider context the issue is symptomatic of the intense competition among East Coast ports for major container services. Michael Leone, port director, acknowledged that Boston never will be a load center, but even so, direct calls from container lines are a must if the port and the New England hinterland it serves are to have access to competitively priced ocean shipping services. Leone is well aware of this, which is why he is urging port users to persuade carriers to stay there.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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