tanker

Fred S. Sherman Elected AIMS Board Chairman

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.

 

MTS Rosette: State of the Art Inland Tank Ship

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.

Stolt-Nielsen Adds Two Inland Tankers; Acquires Comex Services

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.

Teekay Enters LNG With Tapias Acquisition

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

MARINE SPILL RESPONSE CORPORATION

The World's Largest Oil Spill Response Organization On March 24,1989, an oil tanker struck a reef in Alaska's Prince William Sound, causing the biggest oil spill in the history of the United States. While thousands worked to clean up the spill,

Supertanker Brooklyn Sold By Seatrain To General Electric Credit

Seatrain Lines, Inc. has announced the sale of its 225,000-dwt supertanker Brooklyn to 'General Electric Credit Corporation. The first vessel 'built by the company's Seatrain Shipbuilding subsidiary at the former Brooklyn Navy Yard, and the largest

Steel, Ship Prices Soar as Tankers Stay Firm

Soaring steel prices are now a major concern for leading shipbuilders. Uncertainty about spiraling material costs is even causing some yards to defer new orders, market reports indicate. "The lack of steel in some shipyards of the three major shipbuilding nations

Transas Launches LNG Tanker Simulator

Transas expanded its range of Liquid Cargo Handling simulators with the LNG tanker simulator. The LCHS/LNG system realistically imitates the fourth tanker type in the Transas simulator range, which also includes Chemical Tanker, Liquefied Petroleum

Watterworth Appointed Vice President-Operations For General Steamship

Scott Watterworth has been named vice president-operations for General Steamship Corporation, Ltd. of San Francisco. His new responsibilities will encompass overall management direction of full cargo vessel operations handled by the company's offices in California, Oregon, and Washington.

SECONDHAND SHIPS: Market Sector Prospects And Investment Options During The 1990s

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

 
 
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