Riding the often tumultuous wares of freight rate boom and bust, Curacao Drydock has carved a unique niche of business in this Caribbean paradise. Since August 2000 the Curacao Drydock Company started to feel the effect of an improving cargo market.
The world's second largest shipbuilding nation, Korea, is in the midst of a shipbuilding boom. All the leading indicators— order receipts, actual ship construction, backlogs and ship prices—are all on the rise. According to the Korea Shipbuilders' Association (KSA),
Swann Oil, Inc., an independent marketer of industrial fuel oils, recently announced the successful completion of sea trials and the formal christening of its wholly owned ocean tanker, the M/V Dolores Swann. The M/V Dolores Swann was constructed in Saint John,
The Maritime Administration has received applications from Zapper, Inc., Morgan City, La., for both a Title XI guarantee and construction-differential subsidy (CDS) to aid in financing the construction of one 7,200-dwt semisubmersible, self-propelled barge carrier.
On August 15, 1994, the Maritime Administrator and Maritime Subsidy Board issued an opinion and order in Docket No. A-184, addressing the remand of the U. S. District Court in Keystone Shipping Co. v. United States, 801 F. Supp. 771 (D.D.C. 1992).
The Singapore shipyard of Pan- United Shipping Pte Ltd., has secured its first major construction contract this year to build a 12,400- dwt clean product tanker. The contract was awarded by local tanker owner and operator, Petroships Pte Ltd. The clean product tanker,
The American Bureau of Shipping (ABS) classed 55 vessels worldwide in September, totaling 1,129,407 deadweight tons or 611,884 gross tons. The vessels classed during the month included two very large crude carriers (VLCCs), one selfelevating drilling
Paul I. Beining, president of CDI Marine Company, Jacksonville, Fla., recently announced major changes in the organizational structure of the company. Donald W. Jett has been promoted to executive vice president responsible for the operation of the
Bath Iron Works' Bath, Maine, record-breaking work backlog passed the half-billion-dollar mark with the recent announcement of a firm $150-million Navy fixedprice incentive award to the shipyard for three more guided-missile frigates in the FFG-7