Totem Enters Into Agreement With NASSCO
Totem Ocean Trailer Express (TOTE) of Anchorage, Alaska, has come to an agreement with National Steel and Shipbuilding Company (NASSCO) for the construction of two RoRo vessels for its Alaska service.
Spain Named Partner Country of SMM 2000
Spain has been named partner country of SMM 2000, the Shipbuilding, Machinery & Marine Technology International Trade Fair. More than 1,100 exhibitors from 40 countries…
Atlantic Marine To Build SWATH Vessel
Atlantic Marine, Jacksonville, Fla., has been chosen by Lockheed Martin Launching System to construct a SWATH Oceanographic Research Vessel as part of the Navy's scientific fleet.
SS&Y Capesize Indices Rise
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 53 points to 4,420 in the week ending Nov. 29. "Increasing pressure on fronthaul rates, particularly for modern tonnage…
U.S. Offshore Rig Count Hits 17-Month High
The U.S. Gulf of Mexico rig count stands at 150 this week, its highest level since July of 1998. According to Offshore Data Services' weekly mobile offshore rig count…
Jurong Lays Off Nearly 250 Workers
Jurong Shipyard, part of SembCorp Industries Ltd., cut 249 jobs last week as part of the group's shipyard restructuring efforts. "Where practicable, attempts were…
Spanish Police Clash With Protesting Workers
About 30 people were injured last Tuesday when Spanish police used rubber bullets and smoke grenades to disperse protesting shipworkers in the southern city of Seville, authorities said.
Avondale Workers Unionize
An arbitrator certified union representation for 4,100 workers at Litton Industries Inc.'s Avondale shipyard in New Orleans. labor sources said. Avondale workers…
Attica Maintains Leading Share In Adriatic
Ferry operator Attica Enterprises is maintaining its leading market share in the passenger and truck traffic in the sea routes from all ports of Greece to Italy.
China Finds More Bodies From Ferry Disaster
As divers pulled more bodies from the sunken wreckage of a car and passenger ferry last week, officials vowed to recover all of the 280 victims of China's worst ferry disaster in recent years…
Minoan Lines Expects 58% Profit Increase In 1999
Minoan Lines expects its group 1999 profit to grow 58 percent to $49.4 million. Company officials said that revenues from its Greece to Italy routes in the first…
Ferry Designer Says Catamarans Are Safe
The designer of Sleipner, the high-speed ferry that hit rocks and sank off Norway, said that the accident was a freak and insisted that the ultra-modern catamarans were safe.
Official Says Downed Ferry Licensed Only For Calm Seas
The head of Norway's maritime directorate said a high-speed ferry that went down in rough seas was licensed to sail only in relatively calm waters. The ultra-modern…
Hutchison Whampoa Says It Will Not Control Canal
Hong Kong tycoon Li Ka-shing dismissed suggestions that his company Hutchison Whampoa Ltd. would control the Panama Canal when it begins operating container ports…
Canada May Aid Boat People Who Turn In Traffickers
Canada may offer landed immigrant status to boat people who agree to testify against the "human trafficking" rings that brought them illegally to the country's shores…
Dangerous Seas Ahead If Indonesia Breaks Up
Pirates and marauders will rule what are now Indonesia's territorial waters if the country disintegrates, increasing security risks to the whole region, Jakarta's…
Y2K-Related Delays Grip South African Port
Vessel and container handling delays spurred by fears over Y2K bug glitches are still hobbling operations at South Africa's Durban port, a senior shipping official said.
Taiwan Tanker Spill Minimal, Says Operator
The Greek operator of the Panamanian-registered oil tanker Devon confirmed that the ship had leaked oil off the southern Taiwanese port of Kaohsiung, but said only a small amount was spilled.
Siem Buys Option For NCL Shares
Siem Industries Inc. subsidiary Siem Leisure Industries Inc. acquired an option to purchase one million shares in cruise operator NCL Holding ASA. Siem said the…
LUKoil Tankers Shows Interest In Latvian Shipping
Latvia's Privatization Agency said Russian LUKoil Tankers have shown active interest in the sell-off of a 44 percent stake in Latvian Shipping. "We have had the…
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