Norwegian Ferry Fire Claims Life
Tragedy again has struck the well-established Scandinavian ferry business, as some 1,300 people were safely evacuated from a blazing Prinsesse Ragnhild, a Color Group-owned Norwegian passenger ferry…
Marine Electronic Giants To Merge Operations
SAIT-RadioHolland is merging its marine activities with those of German STN Atlas, part of the Rheinmetall Group. The 50/50 joint venture has been named EuroMarine Electronics.
OMI Sells Tanker
OMI Cop. sold and leased back a 1999-built Suezmax tanker. OMI also said it had sold the 1975-built 146,108 dwt Czantoria for demolition.
NCL To Be Listed On NYSE
Norwegian cruise firm NCL Holding ASA has been approved for a listing on the New York Stock Exchange. NCL would be listed under the symbol NRW.
EU to Kvaerner: We Want Our Money Back
The European Commission reportedly has ordered KWW -- a German subsidiary of Kvaerner Plc -- to repay $42.31 million of state aid. The company is reportedly mulling an appeal.
Cammell Laird Is Flying High
British ship repairer Cammell Laird Holdings Plc said on Thursday it had its strongest ever order book and reported healthy results.