TMN To List Shares
Thai state-owned shipping company Thai Maritime Navigator (TMN) it would list its shares on the Stock Exchange of Thailand in the next three years. TMN chairman of board of directors…
Power Barges Bring New Light To Lagos
Sections of Lagos will receive an unprecedented 22 hours of electricity daily starting next month due to a project by U.S. energy group AES Corp, the head of Nigeria's state power company said.
NSCSA Reports $31M Profit
The National Shipping Company of Saudi Arabia (NSCSA) reported a net profit of 115.7 million riyals ($30.85 million) in the first half of 2001 compared with a net…
Chiles Offshore Signs Contracts With Shell
Chiles Offshore has executed two firm nine-month contract extensions with Shell Exploration & Production Company for the use of the ultra-premium jackup drilling…
Northrop Grumman Gets Advance Money Fo LPD 21, LPD 22
Northrop Grumman Corporation announced that the Avondale Alliance, led by Northrop Grumman Avondale, has been awarded $113.2 million for advance procurement of long…
Sealift Ship To Be Christened Benavidez At Avondale
The seventh and final Strategic Sealift ship in the BOB HOPE Class will be christened BENAVIDEZ in ceremonies at the Northrop Grumman Corporation Avondale shipyard Saturday…
OTAL expands into China
Strengthening its position as a leading player in West African shipping and logistics, OT Africa Line (OTAL) has expanded its agency network in China. United Transportation Limited (UTL)…
GLM Score Up Despite Softening GOM
Global Marine's (GLM) Summary of Current Offshore Rig Economics (SCORE) rose 0.6 percent in June 2001, despite a reduction in the Gulf of Mexico. "Softening jackup…
Barge Tows Delayed Near Hannibal, Mo.
Barge tows traveling on the upper Mississippi River faced lengthy delays on Wednesday near Hannibal, Mo., after traffic was stopped for two days to dredge several spots in the river…
NOL Shares Sag On Continued Rate Woes
Shares of Neptune Orient Lines Ltd (NOL), the world's sixth largest container shipper, sank as much as 2.5 percent on Thursday morning to their lowest level since March 2000 on freight rate concerns.
Keppel Profits Surge 62%
Ship repair specialist Keppel Hitachi Zosen saw its first-half net profit surge 62.3 percent to $6.57 million versus the same period last year. The Singapore-based…
Samsung Wins LNG Ship Orders
Britain's BG Group Plc agreed to buy two new liquefied natural gas (LNG) ships from South Korea's Samsung Heavy Industries Co. Ltd. with an option for six more ships.
Schenker: Focus on Ocean Forwarding
Schenker. Inc., an integrated logistics provider is in the process of restructuring its Hanover, Md., office to better service its ocean customers. Schenker offers…
Arctic P Chase Boats Convert to Waterjets
Two 12-m chase boats aboard the Australian-based mega yacht Arctic P has been successfully converted from stern drives to waterjet propulsion. Hamilton Jet, local jet distributor Wiltrading Pty Ltd.
IZAR Tapped To Build Chem Tanker
The reinvention of the Spanish shipbuilding industry under the moniker IZAR as of earlier this year is apparently an immediate success, as news emanating from the…
P&O Port Business Is Strong
Peninsular & Oriental Steam Navigation Company Plc (P&O) said its ports business remained robust during the second quarter despite slower growth in world trade.
Japan Ship Exports Up 69%
Ship export contracts concluded by Japanese shipyards in June rose 68.8 percent from a year earlier to about 1.36 million grt, or 27 vessels, the Japan Ship Exporters Association said.
GD Reports Good Quarter
General Dynamics Corp., maker of nuclear submarines, tanks and destroyers, reported an 11 percent increase in second-quarter profits, meeting Wall Street targets…
Debris Cleared From Sunken Sub
The task of clearing debris from the wreck of the Russian nuclear submarine Kursk will be completed today, the Russian Navy said. The Kursk sank in the Barents Sea…
Loose Cable Contributed To Crane Collapse
The collapse of a giant, brand new gantry crane which killed 36 people in a Shanghai shipyard may have been caused by loose steel ropes, state media and an engineer at the crane's designer said.
