U.S. Oil Drilling Rig Count Up 11, Canada Downs One
The number of rigs exploring for oil and natural gas in the United States reportedly rose 11 from last week to stand at 518 as of May 21, and down from 855 a year ago.
Jurong Shares Surge on Newbuilding Order
Jurong Shipyard shares reportedly surged more than eight percent, or Singapore $0.60, to a year high of S$8.10 morning on hopes that the yard had won a multi-million dollar new building order.
Cruise Line Signs 10 Year Hong Kong Pact
The cruise line unit of Malaysia's Genting Bhd -- Star Cruises Plc reportedly signed a 10-year agreement with Wharf (Holdings) Ltd to berth in Hong Kong.
Seascope CEO To Retire
Shipbroking group Seascope Shipping Holdings Plc said that Tom Young, CEO and chairman, would retire from the roles and become non-executive chairman from September 30.
Jurong Reportedly Close To Six Ship Pact
Jurong Shipyard is reportedly close to signing an order to build six new containerships.
State of the Art Container Terminal To Come To Amsterdam
The Amsterdam Port Authority reportedly has been given final approval to build a new state-of-the-art container terminal. The terminal is said to require a total investment $182.5 million.
World Steel Output Down
World steel output totaled 62.2 million tons in April, 4.3 percent down on the same month last year and 1.7 percent less than in March, the International Iron and Steel Institute (IISI) .
HMS Invincible Called Home
Britain has recalled the aircraft carrier HMS Invincible from the Adriatic Sea where it has been involved in the NATO air campaign against Yugoslavia. No direct…
RoRo Safety Design Initiative Proposed
Curved car decks could improve safety on RoRo ferries, researchers from the University of Strathclyde, said, claiming that curved decks could make RoRo ferries more stable.
Cammell Laird Makes Investment
Cammell Laird Holdings Plc hopes that its $28.43 million purchase of three ships puts it in a position to provide unrivalled ship sourcing and conversion service.
DFDS Boosts Position With Takeover
DFDS's $286 million acquisition of DanTransport is designed to make it the region's second-largest transport company.
Stolt Comex Seaway Business Picking Up
Norwegian offshore services provider Stolt Comex Seaway SA won $60 million worth of contracts after a slow start earlier in the year . Stolt said higher oil prices…
Mobil Starts Production In Norway
Mobil Corp. said that production began from the world's largest subsea development, the Asgard oilfield in the Norwegian Sea, operated by Norway's state oil company…
Tanker Chartering Slows
Chartering of crude tankers in the key Middle East region slowed last week, pushing rates down. Other lifting zones showed unchanged rates amid generally steady business activity.
Mexico To Remove Tariffs on U.S. Imports
Mexico reportedly will eliminate tariffs on natural gas imports from the U.S. starting on July.
