Mitsui Orders Three Containerships
Japan's Mitsui O.S.K. Lines Ltd. has ordered three Post-Panamax container ships for delivery between March and September 2001. The three ships, to be built by Japanese…
Sri Lanka Shipping Refuses To Remove Wreck
Sri Lanka Shipping Company Ltd. has reportedly said that it will not remove the wreck of a Turkish ship and its cargo of fertilizer, which authorities say may pollute the ocean.
Bergesen Buys Its Own Shares
Bergesen d.y. Group has reportedly bought 3,758,005 of its own "A" voting shares and 829,400 "B" shares. Officials said the group acquired the A shares at $15.84…
Royal Caribbean To Offer 10 Million New Shares
Royal Caribbean Cruises Ltd. (RCCL) reportedly plans to market a proposed public offering of 10 million new shares of common stock. RCCL officials said the company…
DNV Opens Virtual Shipyard
Det Norske Veritas (DNV) opened the world's first virtual shipyard representing state-of-the-art within ship classification. Based on DNV's digital platform Nauticus…
Fain To Sell $3.8 M In Company Stock
Royal Caribbean Cruises Ltd. chairman and chief executive officer Richard Fain plans to sell about $3.87 million of the company's stock, a Securities and Exchange Commission filing said.
Attica Acquires Stake In Strintzis
Passenger shipping firm Attica Enterprises signed an agreement with shareholders of Strintzis for the acquisition of an approximate 38 percent stake in Strintzis.
Stena Reports Losses After Abolition of Duty-Free Sales, Remains Optimistic
The chief executive of Swedish ferry operator Stena Line AB shrugged off fears of losing sea travelers as fares rise and more bridges and tunnels are built, saying…
Exxon, Mobil Address EU Concerns Regarding Merger
Exxon Corp. and Mobil Corp. have moved to address European Commission concerns about their merger in the natural gas sector in Germany and over an existing European…
TotalFina, Elf Seeking 'Friendly End' To Takeover Battle
TotalFina Chairman Thierry Desmarest said that relations with rival Elf Aquitaine had entered a more relaxed phase and said he would seek a friendly end to their takeover fight in the coming weeks.
PDVSA Resignation Pace Picking Up
The list of high-level resignations at Venezuelan state oil giant Petroleos de Venezuela grew longer last week, with confirmation that David Escojido, the vice-president of project transformation…
Thai Prime Minister Denies Canal Reports
Thai Prime Minister Chuan Leekpai has denied reports the government plans to build a canal across southern Thailand, bypassing the busy Malacca Straits shipping lane…
South Africa's Shipping Industry All Set For Y2K
South Africa's Transport Minister Dullah Omar said the country's aviation and shipping industries will ride out any possible glitches caused by the millennium bug computer problem.
RCI President Apologizes For Alaska Pollution
The president of Royal Caribbean International toured ports of call in Alaska on Friday to apologize in person for the pollution of the state's waters by the cruise line's ships.
New Product Stops Hull Leaks, Promotes Environmental Safety
21st Century Technologies Inc. has announced that a new product, the Sea Patch, has completed extensive testing by a major oil company. This system, patented by Los Alamos National Laboratory…
Internet Can Help Shipping Companies Cut Costs, Say IT Firms
Shipping companies, criticized for being slow to modernize, are being targeted by information technology (IT) companies seeking a slice of a container management…
Safmarine, Golden Ocean Avoid Court Fight
South African Marine Corp Ltd. (Safmarine) said that a court bid by another firm seeking its liquidation had been withdrawn and that the company would continue with business as usual.
Ship Wreck Causing Additional Legal Woes
Sri Lanka is considering legal action against a local shipping firm if it does not remove the wreck of a Turkish ship that broke up while being towed ashore. Dhanapala Weerasekera…
Planning, Not Technology, Is Key To Spill Avoidance
Good planning, and not super high technology is the key to fighting tanker oil spills, Ian White, managing director of London-based International Tanker Owners Pollution Federation Ltd.
Coflexip Strengthens Deepwater Capabilities With Upgrade
Coflexip Stena Offshore has announced that the board of directors of Coflexip approved the upgrade of the CSO Constructor which will allow the group to offer its…
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