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…
Ports Push For Fed Funding For Deep Draft Navigation
U.S. public ports testified Wednesday, November 03, 1999, at a hearing before the House Transportation and Infrastructure Subcommittee on Water Resources and Environment…
Timecharter Fixtures
Iolcos Grace - (built 1990) 71,749 dwt del Dalian prompt 4-6 months trading $9,000 daily Chinese charterers. North Countess - (built 1986) 70,280 dwt del Kinuura Nov 305 months trading $8…
Baltic Panamax Index Down
The Baltic Panamax Index was down 3 to 1,253 points last Wednesday, the Capesize down 16 to 1,739, the Handy Index down 4 at 954 and the Dry Index down 7 to 1,313 points.
Fleet of 14 Ferries Sold
New World Development Co has agreed to buy a fleet of 14 ferry vessels, a depot and ancillary assets from Hong Kong Ferry (Holdings) for HK$155 million. The purchase…
New Gas Shipping Firm Formed
Bergesen d.y. Group ASA plans to set up with A.P. Moeller a new gas shipping firm, Skandigas Ltd. Skandigas will specialize in semi-cooled gas ships of between 8…
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…
Iran Charters 550,000 ULCC
Iran has chartered a 555,000 dwt ULCC for floating oil storage to replace two VLCCs, tanker brokers said. The 1979-built Sea Giant is scheduled to be delivered in…
Inmarsat To Concentrate On High Bandwidth Multimedia Services
As per the company's Board of Directors, Inmarsat has decided, after a comprehensive detailed analysis, that it will not be proceeding any further with direct investment…
Moore Stephens Warns Of Internet's Risk
Moore Stephens has alerted the shipping industry to be wary of the Internet. Per the most recent edition of its in-house newsletter, Bottom Line, the company informs…
Friede Goldman and Halter Complete Merger
Friede Goldman International, Inc. and Halter Marine Group Inc. have announced the two companies have completed their previously announced merger and the name of…
Chevron Increases Dividend For 12th Consecutive Year
Chevron Corp. today declared a quarterly dividend of $.65 per share, payable December 10 to stockholders of record Nov. 19. The dividend rate increased $.14 per…
MaK Signs Letter Of Intent For Its Subsidiary
MaK Motoren GmbH & Co., a Caterpillar company, has signed a letter of intent for the sale of its marine sales and service subsidiary MaK Scandinavia to Geveke -…
Ferry Fire Kills 10 Stowaways
At least 10 illegal immigrants died in a fire Nov. 2 on the vehicle deck of an Italy-bound Greek ferry with more than 400 people aboard and a search was under way for more bodies…
U.S. Marine Insurers To Review State Of Market
Trends and developments affecting the U.S. ocean marine insurance market will be discussed at the annual meeting of the American Institute of Marine Underwriters (AIMU) on Friday, Nov.
Kuykendall Introduces Legislation To Increase Employment Of American Merchant Mariners
Congressman Steven T. Kuykendall, vice chairman of the Merchant Marine Panel for the House Armed Services Committee, has introduced legislation that would provide…
U.S. Military Modules Will Be Cummins Powered
A large ship arrives off a port devastated by natural or military forces. The ship contains badly needed supplies but the port infrastructure has been destroyed.
Oil Consumption of Medium Speed Diesel Engines
Reliability and availability are of paramount importance to all users of internal combustion engines. Inherent engine design reliability must be complemented by…
Autoload To Interface With Simrad
Autoship Systems Corp. of Vancouver, Canada, along with its partner Coastdesign, Norway have recently signed a contract with Kongsberg Simrad AS for the development…
STN Atlas Trains WIth Modular Simulators
In response to a change in emphasis from certification to verification of competency as per the upgraded Standards of Training Certification and Watchkeeping (STCW 95) convention…
