Govan Yard Under The Gun
BAE Systems Plc warned that future employment prospects at its Govan shipyard near Glasgow are wholly dependent on new orders being won. The group was announcing…
Samsung Wins $400M In Contracts
South Korea's Samsung Heavy Industries won $400 million in ship orders from companies in Greece and Germany. Samsung received an order to build four 300,000 dwt…
ABP Locks Long-Term Deal With P&O
Associated British Ports Holdings Plc (ABP) agreed to a long-term deal with P&O North Sea Ferries for the provision of a new state-of-the-art passenger terminal at the Port of Hull in north England.
Saudi Aramco To Turn Back Some Tankers
Saudi Arabia's state oil company has informed shipping agents at the Gulf state's ports that it will turn back tankers that are not prepared for the Y2K potential computer glitch…
Giant Fuel Oil Slick Threatens French Coast
Authorities along the length of France's Atlantic coast were on alert last Wednesday as a giant fuel oil slick slowly drifted south of Brittany, threatening an ecological disaster.
Lukoil Expects Flat Exports
Russia's Lukoil expects its crude exports next year to stay at the expected 1999 level of 24 to 25 million tons. "If the rules do not change, we hope (to export) around 24 or 25 million tons…
NCL Shares Down
Shares in Norwegian cruise operator NCL Holding ASA fell six percent early Wednesday after Singapore's Star Cruises bought a 20.6 percent stake but said it did not plan to bid for the entire company.