Zapata Corporation, Houston, Texas, announced recently that it has signed contracts for the construction of three new jackup rigs for its offshore drilling fleet in two Singapore shipyards. The company said the U.S.-flag rigs will be owned and operated by Zapata Off-Shore Company,
A christening ceremony on a newly built self-elevating drilling rig (shown above) was performed recently at the shipyard of Promet Private Limited in Singapore by Mrs. Y. Murase, wife of the s e n i o r vice p r e s i d e n t of Abu Dhabi Oil Company.
The Navy has awarded a total of $402.5 million in contracts for eight guided-missile frigates (FFGs) to Todd Shipyards Corp. and Bath Iron Works Corp. These are the second FFG production contracts awarded to each of these firms. Todd Shipyards received a $251.
The Penn Central Corporation's Marathon Manufacturing Company has signed $326 million in contracts with the Rowan Companies, Inc. for the construction of eight offshore oil and gas mobile drilling rigs. Marathon's marine construction order backlog now totals 43 rigs,
Gulf Trading & Transportation Company (GT&T), a division of Gulf Oil Corporation, Pittsburgh, Pa., responsible for marine transportation and the supply, sales and trading of foreign crude oil, will transfer its headquarters and the bulk of its operations to Houston, Texas.
National Steel and Shipbuilding Company (NASSCO), San Diego, Calif., recently announced promotions in the shipyard's Repair Department, as follows: Ed Hann, formerly repair superintendent, has been promoted to general superintendent-repair. He replaces Bob Nolde, who has retired.
Liner shipping is traditionally a cyclical business, subject to dramatic peaks and troughs and sudden changes in fortune in individual trade lanes. Today's ebullience among all sectors of container shipping, including its various intermediaries,
Entering the 1980s, it is hard to believe that it is now more than six years since the last "boom" in the big bulk carrier market was ended by the "Oil Crisis," and an abrupt change in the trading pattern of the combined fleet. For much of this period,