MARAD DELAYS DISPOSAL OF LNG TANKERS

03/26/1990
The U.S. Maritime Administration has declined to sell three LNG tankers to Cabot LNG Corp. for $15 million each. Marad earlier refused to sell the tankers to Argent Marine Services Inc., a Shell International Petroleum Co. subsidiary, because the company is not U.S. controlled (OGJ, Mar. 19, p. 18). Marad said it rejected Cabot's bid because it cannot dispose of the vessels until Apr. 5. At that time, it expects to offer them for bids again. Meantime, Norway's Den norske stats oljeselskap AS said Marad's action is not likely to change its plan to build two tankers to transport LNG from Norway to the U.S. ...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected