U.S. Builders Make Waves At Year End
While consolidations and closures continue to reshape the ship and boatbuilding industry worldwide, 1999 ended on some positive notes, particularly for ship and…
U.S. Builders Make Waves At Year End
While consolidations and closures continue to reshape the ship and boatbuilding industry worldwide, 1999 ended on some positive notes, particularly for ship and…
Cruise Lines Face Y2K Conundrum
The world’s biggest cruise lines have made their own computers shipshape against Year 2000 glitches but still face possible electronic squalls arising from problems…
Offshore E&P Spending To Rise 15% in N. America
Offshore oilfield service stocks, to put it mildly, have endured a wild ride for much of 1999. The once high-flying sector actually hit the skids in concert with the late 1997 Asian financial crisis…
Maritime 2000 and Beyond
The changeover to 2000 means many things to many people, on both a personal and professional level, as the end of the millennium serves as a handy measuring stick…
Carnival Weathers Kosovo Crisis, Posts 4Q Profit Rise
Carnival Corp. officials reported that the company weathered the last ill-effects of a European downturn from the Kosovo fighting and posted an 8.1 percent increase in fourth-quarter share profits.
Clean Tankers Headed Both Ways Across Atlantic
Oil products tankers have reportedly been getting business in recent days transporting oil products from Europe to America and the reverse direction. Usually the arbitrage works only one way…
Daewoo To Build ULCCs For Loews Unit
Daewoo Heavy Industries has agreed to build two 442,500 dwt, ULCCs for Majestic Shipping Corp., a subsidiary of Loews Corp. Majestic also has options with Daewoo to build two additional vessels.
French Officials Demand Stricter Maritime Regulations
French Environment Ministry Officials have demanded tougher maritime laws as thick fuel oil from a tanker that split up one week ago edges closer to the country's Atlantic coastline.
