U.S. Navy Awards Contract To Bath Iron Works
The U.S. Navy has granted the DD-21 Shipbuilder Alliance a $238 million contract for the application of Phase II of the design and development of the next-generation destroyer.
Leif Hoegh To Purchase Unicool Shareholding
Leif Hoegh & Co., who owns 49.8 percent of Unicool, has signed an agreement to purchase the 50 percent shareholding in the company owned by South African Marine Corp., effective early January 2000.
Indonesian Ferry Blast Kills At Least Three
An explosion on an Indonesian ferry on Dec. 2 killed at least three people, with 196 passengers rescued, local police said. They said the accident happened minutes…
NCL Turns Down Carnival's $1.7B Takeover Bid
NCL Holding ASA flatly rejected a 30 crown ($3.72) per share takeover offer from Carnival Corp, saying it undervalued the group's potential. NCL officials said it…
Avondale Shipyard Workers Unionize
An arbitrator has certified union representation for 4,100 workers at Litton Industries Inc.'s Avondale shipyard in New Orleans, labor officials said. When Litton bought the shipyard in August…
Secrecy In Tanker Market Said To Be Depressing Rates
Increased secrecy in the tanker chartering market may be pushing rates lower, even though many brokers and owners like the idea of doing private business. Always…
ISM Compliant Ships Make Fewer Claims: Insurer
Protection and indemnity (P&I) and hull insurer, The Swedish Club reported that a study it conducted showed direct evidence that ships complying with the International…
Norway Halts Sunken Ferry's Sister Ship
Citing indications of life raft and release system problems, Norway has withdrawn the operation permit of the sister ship of a high-speed ferry that sank in the North Sea on Nov.
