CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES A DEFINITIVE MERGER AGREEMENT WITH CRUDE CARRIERS CORP., THE ACQUISITION OF M/V CAPE AGAMEMNON, AN INCREASE IN THE SPONSOR’S INVESTMENT IN THE PARTNERSHIP BY 7.1 MILLION UNITS AND FIRST QUARTER 2011 FINANCIAL RESULTSATHENS…
The Marine Well Containment Company (MWCC) announced today that its membership has grown to 10 members at the conclusion of the company’s formation period. The MWCC member companies are now Chevron, ConocoPhillips, ExxonMobil, Shell, BP, Apache…
A September 7 report from Bloomberg said that offshore oil drillers should upgrade the disaster-response plans that lawmakers have described as “carbon copy,” according to two industry task forces probing BP Plc’s Gulf of Mexico spill. The plans…
Sparrows Offshore LLC (formerly Energy Cranes LLC), the Houston-based offshore crane, fluid power and pipe-laying equipment specialist, has signed contracts in 2010 worth more than $8m. With the new work, the company plans to increase its U…
According to a May 3 report from The Associated Press, Northrop Grumman Corp. said its first-quarter profit increased 20 percent, led by strong growth in shipbuilding. Business improved for nearly every sector in which the company operates, except for a 1% decline in information systems…
According to an April 19 report from Bloomberg, Teekay Corp., a Hamilton, Bermuda- based owner of oil tankers, will expand its fleet serving in Brazil to take advantage of the country’s rising offshore oil production. The company has 11 shuttle…
Electric Boat Corp., Groton, Conn., is being awarded a $10,208,402 firm-fixed-price modification to a previously awarded contract (N00024-09-C-4417) for the execution efforts of the USS Miami (SSN 755) docking continuous maintenance availability…
Defense industry analyst, Loren Thompson, in an April 7 Press Register story, questioned whether Northrop Grumman Corp.'s recent focus on profit margin will lead it to get out of the shipbuilding industry and sell its Pascagoula shipyard. That's not necessarily bad news for the 12…
According to a March 19 report from The Wall Street Journal, India approved oil exploration contracts for Oil and Natural Gas Corp. (ONGC), the nation’s biggest energy explorer, and BHP Billiton Ltd as it sought to cut dependence on imports…
Crude Carriers Corp. announced that it has priced its initial public offering of 13,500,000 common shares at $19 per share. The underwriters have an option to purchase up to an additional 2,025,000 common shares to cover overallotments.Crude Carriers Corp…
A New Weekly Ocean Service to Haiti, operated by America Cargo Transport Corp., has been established with U.S. flag vessels and crews. The service loads every Friday/Saturday in Jacksonville, Fla. to Port-au-Prince, and/or Cap Haitien, Haiti…
Apache Corporation (NYSE:APA) reported a fire aboard its East Cameron (EC) 2 processing platform, in La. state waters of the Gulf of Mexico about two miles off the coast of Cameron Parish.The three personnel on the platform, all Island Operating employees…
U.S. Shipping Corp, formerly known as U.S. Shipping Partners L.P., announced it has emerged from Chapter 11 bankruptcy protection pursuant to the Third Plan of Reorganization approved by the U.S. Bankruptcy Court for the Southern District of New York on October 1…
Alexander Papachristidis-Bove has been appointed Chairman of the Board and Managing Director of Hellespont Steamship Corp, the Piraeus-based ship management and marine services company, with effect from October 1, 2009. He replaces Dr. Mike Kennedy…
International oilfield service company Expro has been awarded a multi-million pound contract by Apache North Sea Ltd in the UK North Sea following completion of a competitive tender process.The contract, worth approximately $7.5m annually…
