New Policies And An Oil And Gas Bonanza Promise A Bright Future Recent news from the Canadian Arctic and the offshore continues to give promise of a bonanza of oil and gas. Exploration activity is proceeding at a good pace despite the oil glut and the drop in energy prices.
The Group managing director of Burmah Oil Company Ltd. of England declared recently that tapping reserves of natural gas readily available in many countries "is one of the simplest ways of developing new sources of energy." Speaking at the naming
Hellespont Alhambra is the first of the series of four new ultra-high spec double hull ULCCs delivered to Piraeus, Greece-based Hellespont Group. At the beginning of February, the 442.000-dwt ship immediately demonstrated its flexibility and economy of scale,
The largest liquefied natural gas (LNG) tanker ever built in the U.S. was named on May 27, during ceremonies at General Dynamics Quincy shipyard in Massachusetts. Mrs. David S. Lewis, wife of the chairman and chief executive officer of General Dynamics,
The Maritime Administration has announced that American Heavy Lift Shipping Company, P.O. Box 1166, Pittsburgh, Pa., has applied for construction-differential subsidy (CDS) to aid in financing the construction of two heavy-lift roll-on/roll-off (ro/ ro) cargo vessels of approximately 3,
A new marine window wiper that will give longer life in the harsh conditions at sea, has been designed by Wynstruments Limited of Gloucester, England. The equipment simplifies ordering because the one model can be fitted above or below the window,
Shipowners, trying to save money by reducing crew numbers, are hoping the crewless cargo ship will be the wave of the future, while scientists are dreaming of the ultimate cost-saving—a ship fully controlled by computer. Within a few years, flotillas
While seemingly miniscule in terms of deadweight tons ordered and delivered per year as compared to the shipbuilding business as a whole, the production of gas tankers, LNG and LPG, are high-value, high prestige orders that are likely to rise significantly in the coming years.
Waterborne U.S.-foreign trade will increase by more than 130 percent, and the U.S.-flag merchant fleet is expected to more than double both its deadweight tonnage and percentage of market share in the last quarter of this century, a study commissioned by
Navy contract options for almost $200 million have been exercised for the conversion of the last four of eight high-speed containerships into roll-on/roll-ofF units. They will be used by the Military Sealift Command to provide support to rapid deployment forces around the world.