NNS To Take Part in UAE Shipbuilding Venture
Newport News Shipbuilding (NNS) and French and United Arab Emirates interests will work together on a UAE shipbuilding venture. The other partners are Abu Dhabi…
Attica Completes Purchase Of Strintzis
Ferry operator Attica Enterprises has completed its purchase of shares in Strintzis Lines, after a block of 14,431,090 shares were transferred on the Athens bourse at a price of 2…
P&O Sees Strong Cruise Sector Trading, U.S. Listing In Future
Peninsula and Oriental Steam Navigation Co. said its cruise arm continues to experience excellent trading conditions, with total capacity up 14 percent this year.
Cruise Lines Face Y2K Supplier Squalls
The world's biggest cruise lines have safeguarded their own computers against Year 2000 glitches, but still face possible electronic squalls arising at food vendors and other suppliers.
Clinton Administration Worried About High Oil Prices
The Clinton administration said that oil prices have soared to "dangerously high" levels, and crude oil could be sold from the nation's emergency stockpile if already…
NCL Forecasts Profit Rise, Reiterates Rejection Of Carnival
Norwegian cruise group NCL Holding ASA reiterated opposition to a takeover bid by Carnival Corp. and forecast a surge in pre-tax profits for 2000. Officials said that Carnival…
NCL In Talks With Singapore's Star Cruises
One week after spurning an offer from industry leader Carnival Cruise Lines, Norwegian cruise ships operator NCL Holding ASA is in talks with Singapore's Star Cruises Plc.
Carnival Settles Sex Suit
Carnival Cruise Lines has settled before trial a sex-attack lawsuit that forced the big cruise operator to make public an embarrassing accounting of 108 sex-assault charges…
SS&Y Capesize Indices Mixed
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 27 points to 4,428 in the week ending Dec. "A flat week led to a dip of 27 points as the Queensland/Rotterdam…
U.S. Offshore Rig Count Increases
The U.S. Gulf of Mexico offshore rig count increased for the third consecutive week, according to Offshore Data Services' weekly mobile offshore rig count. Today, the U.S.
Dry Cargo Freight Market Starts Week Off Slowly
The dry cargo freight market got off to its customary slow start last week with few fresh identifiable trends, brokers said. Capesize activity was limited, and there…
Suezmax Rates Set To Soar
Surging Suezmax tanker rates are set to soar if Iraqi exports come back on stream next week, shipping brokers said on Wednesday. Rates for the one million barrel…
OPEC Production Falls
OPEC oil production fell 700,000 bpd in November, driven down by deep cuts to Iranian and Iraqi supply. The group's compliance rate with supply curbs improved to…
Norway Extends Oil Cutback To Q1 2000
Norway, keeping in step with OPEC, will extend a 200,000 barrels per day (bpd) curb to oil output to the end of the first quarter of next year. Norway's Oil and…
Lazard Frères Revises Newport News Estimate
Lazard Frères & Company Co. LLC's Equity Research Department has revised its earnings estimate for Newport News Shipbuilding to $2.55 per share in full-year 2000 from $2.60 per share…
Odense Ceases Production After Storm Destroys Crane
A hurricane that passed through Denmark on Dec. 3 caused extensive damages to the huge gantry crane in the dock area at Odense Steel Shipyard. The shipyard has ceased operation due to the incident…
Panama Ready To Step Out On Its Own
As heads of state gather in Panama for Dec. 14 ceremonies in advance of the transfer of the Panama Canal on the Dec. 31, the small Caribbean nation of 2.8 million…
Globe Wireless Establishes Com Center
Globe Wireless released its Globe Communications Center (GCC), designed to streamline onboard messaging and data file transfers for commercial marine vessels. The GCC…
Dockmaster's Training Seminar Offered
Heger Dry Dock will present its four-day Dockmaster's Training Seminar during May 2000 in Seattle, Wash. Held from May 2-5, the course will provide the latest information on dry docks…
Schat-Harding Calling For Clear Technical Standards
Safety specialist Schat-Harding has asked for concise technical standards to back the new IMO life saving regulations, per the company's newsletter, Escape. Machlin…
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