Hurricane Patterns Could Crimp Gulf Oil Production
According to Salomon Smith Barney's mid-year weather outlook, the La Nina weather pattern stands to increase the number of hurricanes in the Gulf of Mexico this…
Petrobras Signs Oil Deal With Exxon, Kerr
Petrobras reportedly signed an exploration and development contract worth up to $1 billion with U.S.-based Exxon Corp. and Kerr-McGee Corp.
P&O Cruises Continues Positive Trend
Peninsular and Oriental Steam Navigation Co.’ cruises division saw a continuation in the second quarter of the strongly positive trend shown in the earlier part of the year.
Panama Canal Pilots Agree To Five-Year Contract
Panama Canal administrators and the waterway's most important human resource, the pilots, reportedly agreed on a five-year contract, ending 13 months of labor negotiations.
Baltic Border Deal Paves Way For Oil Search
The settlement of a drawn-out maritime border dispute between Latvia and Lithuania has reportedly set the stage for exploration of a potentially bountiful offshore oilfield.
Offshore Support Focus
Diamond Services Corp., based in Morgan City, La., knows the importance of staying competitive in the oilfield service industry, which is why the company broke conventional…
Offshore Support Focus
Diamond Services Corp., based in Morgan City, La., knows the importance of staying competitive in the oilfield service industry, which is why the company broke conventional…
Litton Shelves $1.8B Bid For Newport
Defense and electronics giant Litton Industries Inc. reportedly withdrew its $1.8 billion offer to buy Newport News Shipbuilding Inc. because of opposition from the U.S. government.
NOL Gets Nod For $500M Fund Plan
Neptune Orient Lines’ (NOL) shareholders reportedly approved a $500 million capital raising initiative at an extraordinary general meeting.
Daewoo To Keep Shipbuilding Unit Management
Daewoo Heavy Industries Ltd. is reportedly looking to set up a shipbuilding joint venture but will not give up management of its shipbuilding division.
Lituania Rejects Shipping LISCO Bids
The Lithuanian privatization agency has reportedly rejected both offers for an 80 percent state stake in shipper LISCO because they were too low, the second time a tender for the shares has flopped.
Kvaerner Wins $31.3M Deal For Tune Gas
Kvaerner has reportedly won a $31.3M contract for the supply of subsea equipment for the Tune gas field off Norway.
S&P: More Shipping Companies Likely To Default
Depressed shipping market conditions are likely to cause more shipping companies to default on junk bond issues, according to Standard & Poors (S&P).
Lowman Helps Less Fortunate In Times Of Crisis
According to the International Hall of Fame Committee, the recipient of the 1999 Humanitarian Award must possess qualities such as contributions to the well being…
McLean Named Man Of The Century; Lowman Earns Humanitarian Award
The Maritime Association of the Port of New York and New Jersey sponsored a tribute to Malcolm P. McLean, founder of Container Shipping and George F. Lowman, chairman and chief executive officer…
J. Erik Hvide Steps Down From Helm At Hvide Marine
On June 2, J. Erik Hvide, chairman and CEO of Hvide Marine has decided to step down from his position effective immediately. Hvide's decision, formally stated at…
War Heroes Remembered With AEGIS Vessels
In remembrance for his valiant and dedicated efforts to his fellow soldiers, the U.S. Navy last year named its fifteenth Arleigh Burke Class Destroyer in honor of COL Donald G. Cook.
Melding The Old With The New
It's a timeless piece of history that is the newest deal going on in the cruise ship industry - the deal between the Delta Queen Steamboat Co. and Atlantic Marine…
CAD/CAM: Producing Better, More Cost Efficient Ships
The advent of software solutions has infiltrated nearly every sector of the maritime market - from propulsion performance monitoring packages to personnel. It arguably has had no greater impact…
Sulzer RTA60C: Big Power For Fast-Type Ships
Wärtsilä NSD used the recent NorShipping exhibition in Oslo as a launching pad for its latest offering to the marine world, the Sulzer RTA60C, an engine designed…
