SeaArk Promotes McClendon To V.P.
Robin McClendon, former marketing director for SeaArk Marine and SeaArk Boats has been promoted to vice president of marketing and communications for both companies.
Maersk Sealand Ready For Operation
Per obtainment of required approvals, A.P. Møller-Maersk Line has taken over the International Liner business of Sea-Land Service. Since the purchase contract was signed in July 1999…
Mackay Attains Raytheon's Field Service Locations
Mackay Communications, provider of communications and electronics equipment and services for the maritime industry has acquired Raytheon Marine Company's seven U.S. field service locations.
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.
Carter Honors Those Who Worked On, Defended Canal
In a prelude to the official transfer of control over the Panama Canal from the United States to Panama at noon on Dec. 31, former President Jimmy Carter honored 5…
Moody's Ups Transocean Offshore
Moody's Investors Service upgraded the senior unsecured debt ratings of Transocean Offshore, Inc. to A3 from Baa1 to reflect the significant benefits that the company…
Exxon Mobil Makes Major Find Off Nigeria
Exxon Mobil Corp. made a major oil and gas discovery in the deepwater off the coast of Nigeria. Located about 100 miles southeast of Lagos, the discovery well, Erha-1…
Officials Fear Environmental Repercussion From Sunken Tanker
A giant oil slick from the sunken tanker Erika drifted and widened off the northwestern French coast on Dec. 14, and officials worry that changing winds could push it towards land.
Finland Record Trade Surplus Boosted By Shipsales
Finland posted a record monthly trade surplus for October, boosted by a major deal by one of its shipyards and accelerating economic recovery. The customs board's…
NCL Holds Talks With Hostile Bidder Carnival
NCL Holding ASA officials reported that the company has had held talks with Carnival Corp., which launched a hostile takeover bid for the company. NCL officials declined to comment on the discussions…
Maersk Cements Position As Leading Container Line With Takeover
A.P. Moeller's container line Maersk completed its $800 million takeover of U.S. CSX Corp.'s SeaLand container line, Moeller officials said. The acquisition cemented…
Hyundai Heavy Gets $300M Order
Hyundai Heavy Industries Co. won a $300 million order for five container ships from Japanese ship operator Kawasaki Kisen (K-Line). Hyundai Heavy officials said the container ships will be 5…
Bangladesh Ferry Disaster Claims At Least 63 Lives
A ferry disaster on Bangladesh's southern Meghna river claimed at least 63 lives and scores more were missing, officials said. The M.L. Falguni capsized and sank on Dec.
Visma, Arena To Offer E-Commerce Software To Shippers
Norwegian software supplier Visma ASA signed an agreement of intent with Hong Kong-based Arena to deliver e-commerce solutions to the shipping industry. Arena, which…
