Teekay Shipping Corporation has entered into a definitive agreement to acquire Naviera F. Tapias S.A.. a leading independent owner and operator of LNG carriers and crude oil tankers in Spain. Teekay has also entered into an agreement with the shareholders
Jaap van de Guchte Senior stands on the port side half way up the ship's 110- m length. With hand signals, two fingers pointing aft. he directs the helmsman to move the precise two meters for alignment of the tanker's cargo manifolds and those on the BP refinery dock.
Purchase Forms World's Largest Subsea Contracting Group For Oil & Gas Industries The third and fourth in a series of five 2,100-dwt stainless steel chemical tanker for the transport of bulk liquids along the Rhine River and its tributaries have been delivered to Stolt Stinnes.
A key East Coast shipping executive, long active in U.S. maritime affairs, has been elected chairman of the board of the American Institute of Merchant Shipping (AIMS) for the next 12 months. He is Fred S. Sherman, chairman of the board, Marine Transport Lines, Inc.
The Coast Guard has issued an advance notice of proposed rulemaking regarding maneuvering performance standards for new U.S.-flag vessels — oceangoing tankers and product carriers, passenger ships, c a r g o s h i p s, miscellaneous vessels, and Great Lakes bulk carriers.
More Oil Is Shipped In U.S. Waters Than Any Other Commodity; Petroleum And Petroleum Products Account For 40 Percent Of The Cargo Shipped Through U.S. Waters C o a s t Guard inspections have not always been reliable in detecting unsafe tankers.
For the investor looking at rates of return from the secondhand ship market, the 1990s should see major changes in the fortunes of players working the different fleet sectors. Taking the return generated on both trading profits (defined as time charter
Meyer Werft of Papenburg, Germany, recently delivered the 6,000- grt passenger ship Tatamailau to the Directorate General of Sea Communication, Jakarta, Indonesia. The 969-passenger newbuilding is the eighth passenger ship and, at the same time,
E.L. Shannon Jr., president of Santa Fe International Corp., Orange, Calif., has announced that development drilling has started in Thistle Field in Block 211/18 in the North Sea. Mr. Shannon said the first production well began drilling October 27,
Tanker s a f e t y and pollution prevention will be the main topics of discussion at the American Petroleum Institute's annual tanker conference, October 1-4 at Innisbrook, Tarpon Springs, Fla. Among the speakers will be M.P. Holdsworth, Shell International Petroleum Co.