S&P Lowers Pegasus Rating
Standard & Poor's lowered its corporate credit rating on Pegasus Shipping (Hellas) Ltd. (Pegasus) to triple-'C'-minus from single-'B'-minus. At the same time, Standard…
Chuan Hup To Buy 20 New Barges & Tugs
Marine shipping company Chuan Hup Holdings expects a new contract to ship coal to Indonesia to contribute significantly to group earnings in 2001, according to a company official.
Zeebrugge Traffic Up 6.6%
Total traffic through Zeebrugge port rose by 6.6 percent to 26.67 million tons in the first nine months of 1999. At the end of the year it expected total traffic…
LR Announces SSEE Winner
Compania Naviera Minera del Golfo SA de CV (Navimin) of Mexico has won the Standard Ship Emergency Exercise Award from Lloyd's Register (LR). The award was made to Mr.
Caterpillar's 3412E Provides High Power
Caterpillar's Engine Products Division has introduced the availability of a new, totally electronic 3412E marine diesel engine with ratings from 503 to 1,400-bhp (375-1…
FGI And Halter Merger Activities On Schedule
Friede Goldman International stated that its activities related to its pending merger with Halter Marine Group were progressing on schedule. The company has received…
Celebrity Zenith Arrives At Newport News
Celebrity Cruise Lines' vessel Zenith arrived at Newport News Shipbuilding (NNS) on October 18 for its bi-annual drydocking. Owned and operated by Miami, Fla.-based Celebrity…
World's Biggest Cruise Liner Set To Sail
The world's biggest cruise liner, the 311-m (1,035-foot) Voyager of the Seas, will set sail this week from Finland to the United States. The $500 million vessel…
Astano Delivers Discoverer Spirit
Astano, the Astilleros Españoles offshore construction yard, has sent off Discoverer Spirit to American owner and operator Transocean Offshore. The second of a trio…
