Fincantieri Signs High Speed Ferry Contract
Fincantieri has singed contracts with Minoan Lines for two new high-speed ferries to be delivered in fall 2001 and spring 2002 for a price of about $105 million each.
Bollinger Awarded Vessel Modification Contract
Bollinger Shipyards has been granted a $5.1 million contract from the U.S. Navy to modify three Patrol Coastal ships (PC) of the Cyclone Class. The company has an option on a fourth PC…
OPEC Producers Must Invest $60B To Meet Demand
OPEC oil producers will need to invest $60 billion by 2010 in order to meet world oil demand, according to figures released by the group. To maintain its 1995 production…
Aker Maritime Sale Plans Halted
Aker RGI has halted plans to sell offshore supply company Aker Maritime ASA, of which it holds 63 percent, according to company officials. The talks relating to a possible sale have ended…
Mitsubishi Heavy To Cut 500 Shipyard Jobs
Mitsubishi Heavy Industries Ltd. plans to reduce its shipbuilding division's work force by 500 before March 2004. The division currently employs 4,500. The work…
Minoan Flying Dolphins Acquires Five Used Ferries
Minoan Flying Dolphins, a subsidiary of Minoan Lines, has five used ferries to service routes linking the port of Piraeus with islands in the Saronic Gulf. The ferries are F/B Nefeli…
