Mobil Offers Bunker Facilities In Djibouti
Ship operators trading to the Red Sea now have a secure bunker port offering both heavy fuel and high quality diesel oil. Mobil International Marine Fuels can now…
Elf, TotalFina Takeover Fight Heats Up
The takeover battle between Elf Aquitaine and TotalFina has reportedly taken a more hostile tone, pushing back the prospect of friendly merger talks between France's two largest oil companies.
Oil Companies Spent More, Earned Less In 1998
Worldwide capital spending by publicly traded energy firms reportedly increased in 1998 even though falling oil prices sent revenues and profits plummeting.
Rotterdam Port Volume Dips In First Half
The volume of goods shipped through Rotterdam port in the first six months of 1999 reportedly fell 3.7 percent from levels recorded a year ago to 151.6 million tons.
First Olsen Sees Weak Tanker Market Through 1999
First Olsen Tankers Ltd. reportedly expects weak tanker markets to continue until the end of the year.
Skaugen Seeks Gas Consolidation
I.M. Skaugen is reportedly working on consolidating its position in the gas carrier market after beating off a hostile takeover by Italy's Navigazione Montanari.
Scrapping Needed To Put Life Into VLCC Market
Large scale tanker scrapping in the immediate future is the only medicine likely to put life this year into a freight market flat out on its back, according to shipping sources.
Big Oil Reluctant To Shut Ailing Euro Refineries
Giant oil companies will reportedly shy away from closing sickly European refineries, preferring instead to trim costs or seek buyers for the struggling units, according to analysts.
New Zealand Oil Companies To Buy Tanker From Union Shipping
The four oil majors who own New Zealand's Coastal Tankers Limited are reportedly buying the 30,000 dwt oil products tanker Taiko from Union Shipping Company after…
Daewoo Wins $90M Greek Ship Order
Daewoo Heavy Industries Co. Ltd. has reportedly won a $90 million order from Greece's Chandris Inc. to build four bulk carriers.
Montanari Drops Skaugen Bid
Navigaziaione Montanari is reportedly withdrawing a hostile takeover offer for Norway's I.M. Skaugen after holders of only 13 percent of the Norwegian firm accepted the bid.
Acomarit Unit To Manage 30 Petrobras Tankers
Acomarit, a Scotland-based ship management company, has reportedly set up a Brazilian-based company to service tankers operated by Brazil state oil group Petrobras.
Foreigners Welcome Inclusion In Daewoo Reforms
Foreign investors reportedly welcomed the inclusion of overseas creditors in talks to restructure South Korea's limping Daewoo Group, saying it could help stave off a corporate debt crisis.
Rex Alloy Introduces Patrol/Workboat For High Seas
Designed by policemen for policemen and capable of speeds up to 70 mph, Rex Alloy's new 43 ft. (13.1 m), high speed Rigid Inflatable Boats (RIBs) are reportedly engineered as the strongest…
Maersk Containership Is Largest To Call U.S.
History was made by Maersk Lines last June when the Line's containership, Susan Maersk sailed into the Port of Long Beach, Calif. on its maiden voyage - establishing…
Stena's Newest Is Sent Off To Shell International
Stena's newest drilling rig, Stena Tay, managed by Stena Drilling of Aberdeen, has been delivered from the Keppel FELS shipyard in Singapore, for acceptance on contract by Shell International.
Aker Finnyards Delivers Largest Vessel In Bore Fleet
Aker Finnyards' most recent newbuild, the 11,000-dwt RoRo carrier for the Dutch company, Bore Sky BV, was christened as Norsky by Mrs. Marianne Barnabo, spouse of Mr.
Rieber Shipping Readies For Polar Prince's Arrival
The new multi-purpose subsea support/ROV vessel, Polar Prince, was delivered last July to Rieber Shipping A/S as managing owners for the owning company Polar Holding ASA.
CSL Niagara Christened
The largest-ever Canadian ship built for the Great Lakes-St. Lawrence was blessed at a ceremony last June at the Lake Ontario entrance to the Welland Canal at Port Weller Drydocks.
Cenal Launches Second Of Twin-Hulls
Since launching the first out of two hulls of the fjord ferries last April, Cenal Shipyard has sent out yet another vessel of the same kind, completing the twin hull shuttle ferries.