North Sea Tanker Market Leads Boom
Tanker markets around the world soared this week, led by the North Sea market where rates swelled by nearly a third as supply dried up for end-month loading dates.
ADSB Signs Strategic Agreement With Halmatic
Abu Dhabi Ship Building (ADSB) has formed a strategic agreement with Halmatic Ltd., U.K. According to ADSB's managing director, Lawrence Holliday, the agreement…
Alfa-Laval Establishes Presence Onboard World's Largest Liner
Swedish engineering company Alfa-Laval, which is known for its heat transfer and fluid handling will ensure that Cunard's Queen Mary 2 will be self-sufficient of…
House Committee Approves $30 Million For Title XI Guarantees
The House Committee on Appropriations approved a bill that would provide $30 million for Title XI loan guarantees in Fiscal Year 2002, the highest level of Title…
Hutchison To Hold 45 Percent Stake in Container Port Project
Hutchison Whampoa Ltd. would directly hold about 45 percent, not 65 percent, of the phase three of the Yantian container port project in the southern Chinese city of Shenzhen…
Turkish Boat In Distress Off Greek Islands
A Turkish boat with 68 people on board has issued a distress signal south of the Greek island of Rhodes, the Greek Merchant Marine Ministry said on Thursday. "It…
