News


Tsakos Q4 & 2009 Results

2009 Highlights: - Voyage revenues of $444.9 million versus $623.0 million in 2008 - Income of $47.8 million (before vessel impairment charges of $19.1 million) versus $202.9 million (no impairment charge) in 2008 - EPS of $0.

Pfeifer VP of Business Dev, Marine Travelift

Marine Travelift, Inc. announced the promotion of Erich Pfeifer to Vice President of Business Development and Marketing. Pfeifer will be responsible for all industrial and government sales, as well as marine sales in the Americas.

Statoil Initial Public Offering

Statoil's Board of Directors (OSE: STL, NYSE: STO) has decided to start a process to list its energy and retail business on the Oslo Stock Exchange. Further to the announcement made on the 3rd of February 2010,

HB Rentals Supplies Shenzi Platform

Accommodations specialist, HB Rentals, a Superior Energy Services company, will provide a two-building accommodations package for the Shenzi tension leg platform (TLP) in the Gulf of Mexico. The package will consist of two ABS- and USCG-compliant eight-man sleeper units with a .

Sorensen MCP Managing Director, Americas

Maritime Communications Partner (MCP), wireless communications provider to the cruise industry, announced that it has appointed Fred Sorensen as its new Managing Director for the Americas. He succeeds Steinar Stromsvag who has been in charge of MCP’s Miami office since 2005.

Korean Register Breaks Ground in Busan

At a ceremony in Busan, Korea on 12 March, the chairman and CEO of the Korean Register – an IACS member classification society – together with over 300 VIP guests, formally broke the ground to start construction of KR’s new head office.

Polar Tankers to Pay $588K for 2004 Spill

Polar Tankers Inc., a subsidiary of ConocoPhillips Co., has agreed to pay $588,000 to help compensate the public for environmental harm caused by the October 2004 crude oil spill into Puget Sound’s Dalco Passage near Tacoma.

This Day in Coast Guard History – March 18

1909-  Stations Holly Beach, and Hereford Inlet, New Jersey: the schooner C.B. parted its chain while weighing anchor.  She set a distress signal which was discovered by the lookouts at both stations.

This Day in Naval History – March 18

1945 - Carriers begin 3 month Okinawa Campaign by destroying aircraft on Kyushu, Japan 1974 - Navy sent to sweep mines from Suez Canal (Source: Navy News Service)

Bids Received, Central GOM Lease Sale

The offshore energy industry continues to show interest in the Gulf of Mexico’s Outer Continental Shelf, with 67 companies submitting 642 bids on 468 tracts that are being offered offshore Louisiana, Mississippi, and Alabama in tomorrow’s Minerals Management Service Central Gulf Sale 213.

MAN Diesel L27/38 Engine for Tugs

MAN Diesel Spain has been active within the tug segment recently, having played a key role in three orders that contract the company to supply 18 MAN Diesel L27/38 engines to Boluda Corporación Marítima, Spain, the international marine group and shipbuilder.

Statoil Fast Tracks Projects

“Our ambition on certain fields on the Norwegian continental shelf is to halve the time from discovery to production,” said Ståle Tungesvik, head of reserves and business development in Statoil. Speeding