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,
The expansion and modernization program being undertaken by the Brazilian shipbuilder Companhia Comercio e Navegacao, currently the world's fourth largest builder of "series" ships over 10,000 dwt, is now nearing completion. The program, which
Jerry Jones has resigned as president of Ocean Systems to form a new, highly specialized underwater vehicle inspection services company, JERED. Coowner in the new company is Ed Trlica, former vice president of Martech, and recently manager of Solus Ocean Systems' Gulf Coast Division.
Worldwide orders for offshore mobile and fixed rigs for exploration and drilling for oil and natural gas have increased considerably during the 12 months ending in July 1981, according to a study just released by the Bremen Institute for Shipping Economics.
Bethlehem Steel Corporation's Beaumont, Texas, shipyard and Houston Offshore International, Inc., recently commissioned the second offshore drilling rig built by Bethlehem for this Houstonbased drilling contractor. The rig is the Sabine I I ; Mrs.
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,