Greenpeace Wins Bid To Delay North Atlantic Exploration
Greenpeace won its bid to delay oil exploration in the north Atlantic when a judge ruled the British government was failing to apply a European Commission environmental…
Jurong Shares Firm Amid Stock-Split Rumors
Shares of Jurong Shipyard Ltd. firmed by more than six percent in early Friday trading on rumors that the shipyard might announce a stock-split exercise to improve its liquidity…
Masa-Yards May Cooperate With Gdynia
Masa-Yards, a unit that Kvaerner has put up for sale, could cooperate in building vessels with the Polish Gdynia shipyard, a group official said. Gdynia shipyard had planned to bid for Masa-Yards…
Fincantieri Posts $246M Loss
Fincantieri posted a nine-month 1999 operating loss of $246 million. The company, on the government's privatization list, reported that the loss was due to continuing…
Panama Canal Water Supply Study Underway
A feasibility study to safeguard Panama Canal water supplies into the 21st century is under way, the waterway's project manager said. "Studies of potential water…
Norway's Oil Firms Address Millennium Issues
Oil firms in the final stages of testing for possible millennium disturbances on Norway's offshore oil and gas platforms say they are confident there will no major mishaps at midnight on December 31.
SS&Y Capesize Indices Fall
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 152 points to 4,194 in the week ending Nov. 1. "The index fell as only Chinese cargoes remained very active…
Offshore Rig Counts Mixed
The worldwide offshore rig demand declined since last week, according to Offshore Data Services' weekly mobile offshore rig count. While demand in the U.S. Gulf improved…
Abundance Of Ships Keeps Rates Depressed
Charter rates for product tankers continued to be depressed as surplus tonnage kept a lid on rises last week despite an increase in business in several loading areas. The Middle East saw levels fall.
Minoan Flying Dolphins Acquires Five Ferries
Minoan Flying Dolphins, a subsidiary of Minoan Lines, has acquired five used ferries that service routes linking the port of Piraeus with islands in the Saronic Gulf.
OPEC Compliance Slips
OPEC compliance with supply curbs appears to have fallen in October but from a level revised higher for September, according to a leading consultant. Preliminary…
LCL Buys Stake In Royal Olympic
Cyprus cruise operator Louis Cruise Lines has signed a deal to acquire a 51.4 percent controlling stake in Nasdaq-listed Royal Olympic Cruise Lines. The value of the agreement was not disclosed.
United States Lines Floats Again
American Classic Voyages has acquired one of the most storied and renowned names in the history of ocean-going passenger transportation - United States Lines - to…
Maritime Surveyors To Play Crucial Y2K Role
Around 200 delegates from all sectors of the Dutch maritime industry attended a Y2K seminar organized by Dutch-Belgian surveying group Touw Holding. Representatives of banks…
Massoel S.A. Orders Three Bulk Carriers
Swiss shipowner Massoel S.A. reportedly has ordered three Handymax bulk carriers in cooperation with Norway's B Skaugen shipping group. The 46,000-dwt vessels are…
Ferry Mishap Claims Eight Lives
Eight people were killed when a ferry sank in the northern Philippines. Colonel Delfin Bravo, police operations officer in Tuguegarao, said 50 passengers survived…
Ecuador's Shrimp Exports Are, Well, Shrimpy
Ecuador's shrimp exports will suffer big losses this year due to low world prices and attacks of white spot virus, industry officials said. A hit to the country's…
OPEC Needs To Spend $60B To Meet World Oil Demand
OPEC oil producers will need to invest $60 billion by 2010 to meet world oil demand, the group's president said. "To maintain its 1995 production level and make…
Baker Hughes Reports Third Quarter Earnings Loss
Baker Hughes Inc., the world's third biggest oilfield services company, reported sharply lower third-quarter operating earnings, but said business had begun to improve…
Eleven Immigrants Killed In Ferry Fire
At least 11 illegal immigrants died in a fire last Monday on an Italy-bound Greek ferry with more than 400 people aboard, Merchant Marine Ministry officials said.
