Govan Shipyard Deal Back On?
It appears that the survival of Glasgow's Govan shipyard is a good bet, as GEC's defense arm is said to have agreed in principle to buy it from Kvaerner. Kvaerner…
Cairncross Shipyard Taken Over
Ernst and Young reported that Cairncross Shipyard in Brisbane - reportedly the largest ship repair facility in the Southern Hemisphere - was taken control of by…
Japanese Foreign Ship Orders Plummet Nearly 25%
Japanese shipyards in June received foreign ship orders for 20 vessels, or 667,500 grt, down 24.4 percent from a year earlier, the Japan Ship Exporters' Association said.
Maersk Line Joins Safmarine on S. Africa/U.S. Route
Maersk Line reported that its ships would join Safmarine and MSC on the express service between South Africa and the U.S. The express service deploys seven vessels…
Oil Edges To 20 Month High
What goes down must come up? The world oil markets have again demonstrated the flair for the dramatic swing, moving higher on Wednesday, powered by stringent OPEC…
New Ferry Service Mulled
The Iceland Steamship Company Ltd. (Eimskip) Iceland's largest shipping company, is considering starting a passenger and car ferry service between Iceland, the Faroe Islands…
Hurricane Patterns Could Crimp Gulf Oil Production
According to Salomon Smith Barney's mid-year weather outlook, the La Nina weather pattern stands to increase the number of hurricanes in the Gulf of Mexico this…
