In February, shipbuilders and drill-rig manufacturers from several countries gathered at Vancouver Shipyards, North Vancouver, British Columbia, Canada, to watch a 7,000,000-pound ship transferred to launching position on a film of water 5/1000 of an inch thick.
The Port of Houston was the scene of festivities aboard Rickmers Hamburg last month as Rickmers representatives and customers alike celebrated the success of the Superflex Heavy MPC (multi-purpose container carrier) vessel's maiden voyage. Delivered June 20,
Officials of Lykes Bros. Steamship Co., Inc. have revealed the establishment of a new service linking U.S. Gulf, South Atlantic and Great Lakes ports with Saudi Arabia. Lykes has concluded a connecting carrier agreement with the EAST Line (Euro
American Aero, Inc., a subsidiary of Weatherford International, will more than double its current production capacity by building a new manufacturing plant, warehouse, and office complex in northwest Houston. The AAI plant proposal, more than a year in the planning stages,
To characterize the business of carrying oil aboard tankers of any size or route as stable — would be foolhardy at best. But as curious as the market's undulations may appear to those on the outside, it is in fact the market's instability that serves as stability.