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…
Latvian Shipping Cancels $200 M Hyundai Order
Latvian Shipping officials said that a deal with Hyundai Heavy Industries for six tankers worth some $200 million has been scrapped, due to political delays on the Latvian side.
Day-Long Strike Deals New Blow To Bangladesh Shipping Sector
A day-long nationwide strike called by Bangladesh's opposition parties has dealt a fresh blow to the country's shipping sector, already hit by political unrest in the country…
Pegasus Shipping Mulls Bond Restructuring
Panamax tanker specialist Pegasus Shipping is reportedly discussing restructuring its $150 million 1997 junk bond issue with noteholders. Officials said the company…
Minoan Flying Dolphins Acquires 10 More Ferries
Minoan Lines subsidiary Minoan Flying Dolphins added to a recent flurry of vessel acquisition with the purchase of 10 more ferries for an undisclosed amount, bringing its total fleet to 63 vessels.
Stena Buys Scandlines
Ferry operator Stena Line has purchased smaller Swedish ferry group Scandlines AB from the state owned railway group SJ for $67.1 million. Scandlines, with 1,180 staff…
Vosper Profit Up Eight Percent
Vosper Thornycroft Holdings Plc, Britain's second biggest warship builder, reported an increase in pretax profit of 8.2 percent to $25.9 million in the six months ending Nov. 11.
First Tanker Fixed For Next Phase Of Oil For Food Deal
The first tanker to carry Iraqi oil exports under the next phase of the U.N. "oil for food" deal has been chartered subject to the program being extended, according to shipping brokers.
U.S. Suspends 36 Offshore Licenses, Orders Review
The U.S. Interior Department suspended 36 oil leases in California's offshore waters and ordered a review of the impact the drilling would have on the environment.
Moody's May Up Royal Caribbean
Moody's Investors Service has placed the long term debt ratings of Royal Caribbean Cruises Ltd. on review for a possible upgrade based on its improved debt protection measures…
CGES Sees Oil Levels Nearing Minimum
Oil inventories are getting so tight that commercial stockcover held by oil companies could hit minimum operating levels by early next year, London's Center for Global Energy Studies warned.
Adsteam Performance Ahead of Last Year
Tugboat operator Adsteam Marine Ltd. is reportedly performing ahead of the same period in the previous year, but has not yet made a decision on whether to sell its stake in Holyman Ltd.
RCL Signs Letter Of Intent For Two Vessels
Royal Caribbean Cruises Ltd. signed a letter of intent with Meyer Werft shipyard in Papenburg, Germany to build the third and fourth Vantage class vessels. RCL officials…
Globalstar Appoints Globe Wireless as Provider
Globalstar, a worldwide mobile satellite telephone service, has expanded its marketing reach to the maritime industry by appointing Globe Wireless as a franchise service provider. Globe Wireless, Inc.
North Florida Shipyards Installs Spar Deck
North Florida Shipyards completed its contract for the fabrication and installation of a spar deck on RoRo vessel Cape Rise owned by the U.S. Maritime Administration.
Urethane to Provide for Supply Center
The Fleet and Industrial Supply Center at Pearl Harbor, Hawaii has granted Urethane Products Corp. (UPC) another contract for six 10 ft. diameter x 16 ft.-long Marine Guard foam-filled marine fenders.
Aker and Vryhof Anchors Extend Agreement
Aker Marine Contractors, Inc. (AMC), a subsidiary of Aker Maritime Inc, and Vryhof Anchors BV (Vryhof) have signed a Letter of Intent to extend their cooperation…
KVH Wins 4 NMEA Awards Again
For the second year in a row, two communications systems and two navigation products from KVH Industries, Inc. have earned "best product" awards from The National…
Zodiac Aids with New Self-Righting Design
Zodiac International has developed a new patented, self-righting technique to comply with the updated RoRo ferry liferaft regulations. Formulated by a team of technical engineers…
United States Lines Names First Ship ms Patriot
United States Lines, a subsidiary of American Classic Voyages, said the vessel it is acquiring from Holland America Line will be named ms Patriot. The vessel - being…
