Japanese Foreign Ship Orders Increase
Japanese shipyards received in October foreign orders for 44 vessels totaling 1,583,880 gt, the Japan Ship Exporters' Association reported. The tonnage jumped 728.4…
Oil Firms To Keep Spending Tight Despite High Prices
The absence of quality new merger opportunities will force oil companies to keep spending tight even though this year's oil price recovery has given them far more cash to work with, analysts said.
St. Helena Faces Bleak Holidays After Supply Ship Breaks Down
St. Helena island, an isolated British dependency where Napoleon spent his final years in prison, is facing a grim Christmas and millennium New Year's after its…
Mideast Oil Exports Needed To Pull VLCC Rates Up
A resumption in Middle East oil exports to the U.S. is required to drag VLCC tanker rates off the floor, shipping brokers said. A late start to seasonal westbound…
California Sues For Say In Fate Of Drilling Leases
California's governor, attorney general and the California Coastal Commission filed a lawsuit against the U.S. Interior Department to allow the state a say in the…
Holland America Hires Fincantieri For Two Ships
Holland America Line has hired Italian shipbuilder Fincantieri Cantieri Navali SpA to build two new 84,000-ton cruise ships for about $400 million each. The ships…
Minoan Buys Four Ferries
Minoan Flying Dolphins acquired four ferries operating on routes to the Cyclades islands and the Argosaronic gulf. The vessels, which link the port of Piraeus with Paros…
Aker Yards Wins Cruise Ship Deal
Aker Yards has announced that the Aker MTW Werft GmbH yard in Germany has won a $377.9 million deal to build two cruise liners. The liners, ordered by Aida cruises Ltd., will be 662.7 ft.
Leif Hoegh To Buy Remaining Stake in Unicool
Leif Hoegh & Co. ASA announced plans to buy the remaining 50 percent of reefer operator Unicool, in which it already holds a 49.8 percent stake. Final negotiations…
Bergesen Orders Ore Carrier From Daewoo
Bergesen d.y. Group ASA ordered a 175,000 dwt reinforced ore carrier from Daewoo Heavy Industries Ltd. for $42 million, with an option for an additional ship. Forty…
Global Marine to Fund Belfast Shipyard
Global Marine Inc. has agreed to provide working capital for Harland and Wolff Shipbuilding and Heavy Industries Ltd so the Belfast, Northern Ireland, shipyard can…
Hong Kong Shipping Sector Set For Y2K
Hong Kong's shipping industry is well prepared for a smooth transition to 2000, but local operators cannot guarantee their vessels are Y2K compliant, according to the Hong Kong Shipowners Association.
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