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Tuesday, November 24, 2020

The new normal for the Jones Act -- big profits?

Posted to Martin Rushmere (by Martin Rushmere) on December 30, 2013

There’s been a new twist to the Jones Act, sending another signal that it’s time for change. Money crunchers are making a huge profit from the artificial market in the domestic oil trade. ExxonMobil has chartered the Overseas Cascade at $110…

CG 36500

Posted to Maritime Musings (by Dennis Bryant) on March 19, 2013

The US Coast Guard motor lifeboat 36500 is the only one of the many hundreds that were built between the 1930s and the 1950s to be placed on the National Register of Historic Places. On 18 February 1952, during a severe winter storm off Cape Cod…

Petrobras Expands CENPES Research Center

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on October 12, 2010

With the expansion the complex on Fundão Island will occupy more than 300 thousand m² making it one of the largest centers of applied research in the world. There will be various laboratories designed to meet the technological demands of Petrobras’ business areas…

Bharati Shipyard in control of Great Offshore

Posted to Bharati Shipyard in control of Great Offshore (by Joseph Fonseca) on May 17, 2010

The battle for Great Offshore, country’s largest integrated offshore services firm, has finally ended with Bharati Shipyard in total control and ABS shipyard left trying to dilute its share holding in the company. Last week Bharati Shipyard…

Indian shipping tonnage at record level

Posted to Indian shipping tonnage at record level (by Joseph Fonseca) on May 5, 2010

After a two-year slump, the Indian shipping tonnage registered a robust growth to touch the all time high of 9.71 million GT as of 30 April 2010. This buoyancy is expected to continue and the tonnage could well cross the 10 million mark soon…