Global Marine to Fund Belfast Shipyard
Global Marine Inc. has agreed to provide working capital for Harland and Wolff Shipbuilding and Heavy Industries Ltd so the Belfast, Northern Ireland, shipyard can…
Hong Kong Shipping Sector Set For Y2K
Hong Kong's shipping industry is well prepared for a smooth transition to 2000, but local operators cannot guarantee their vessels are Y2K compliant, according to the Hong Kong Shipowners Association.
Litton Marine Systems Wins IBS Orders
Litton Marine Systems has received orders to supply integrated bridge systems (IBS) for two new cruise ships for Royal Caribbean International. The two vessels are…
LR Selects New Finance Director
Lloyd's Register (LR) has appointed Robert Biddle as group financial director, effective November 1. Biddle succeeds Christopher Gomm, who recently retired and will…
Oceaneering To Provide Offshore Unit
Oceaneering International has been awarded a contract to provide a mobile offshore production unit (MOPU) for development of the Legendre North and South oil fields…
Vickers Ulstein Wins Design And Equipment Packages
Vickers Ulstein Marine Systems' specialist offshore design company, Ulstein Ship Technology, has signed three separate contracts to supply designs and equipment packages for offshore support vessels.
Intereuropa Shares Down Amid Merger Doubts
Slovenian shipping firm Intereuropa fell over four percent by midday trade on Wednesday amid fears that the government may not approve its proposed merger with port operator Luka Koper.
British Group Wins Contract For Management Of Mozambique Port
Mozambique has awarded a British consortium a management contract for its Maputo port, including a 15-year lease, according to the British High Commission. Officials…
Japanese Foreign Ship Orders Increase
Japanese shipyards received in October foreign orders for 44 vessels totaling 1,583,880 gt, the Japan Ship Exporters' Association reported. The tonnage jumped 728.4…
Latvian Shipping Cancels $200 M Hyundai Order
Latvian Shipping officials said that a deal with Hyundai Heavy Industries for six tankers worth some $200 million has been scrapped, due to political delays on the Latvian side.
Day-Long Strike Deals New Blow To Bangladesh Shipping Sector
A day-long nationwide strike called by Bangladesh's opposition parties has dealt a fresh blow to the country's shipping sector, already hit by political unrest in the country…
Pegasus Shipping Mulls Bond Restructuring
Panamax tanker specialist Pegasus Shipping is reportedly discussing restructuring its $150 million 1997 junk bond issue with noteholders. Officials said the company…
Minoan Flying Dolphins Acquires 10 More Ferries
Minoan Lines subsidiary Minoan Flying Dolphins added to a recent flurry of vessel acquisition with the purchase of 10 more ferries for an undisclosed amount, bringing its total fleet to 63 vessels.
Stena Buys Scandlines
Ferry operator Stena Line has purchased smaller Swedish ferry group Scandlines AB from the state owned railway group SJ for $67.1 million. Scandlines, with 1,180 staff…
Vosper Profit Up Eight Percent
Vosper Thornycroft Holdings Plc, Britain's second biggest warship builder, reported an increase in pretax profit of 8.2 percent to $25.9 million in the six months ending Nov. 11.
First Tanker Fixed For Next Phase Of Oil For Food Deal
The first tanker to carry Iraqi oil exports under the next phase of the U.N. "oil for food" deal has been chartered subject to the program being extended, according to shipping brokers.
U.S. Suspends 36 Offshore Licenses, Orders Review
The U.S. Interior Department suspended 36 oil leases in California's offshore waters and ordered a review of the impact the drilling would have on the environment.
Moody's May Up Royal Caribbean
Moody's Investors Service has placed the long term debt ratings of Royal Caribbean Cruises Ltd. on review for a possible upgrade based on its improved debt protection measures…
CGES Sees Oil Levels Nearing Minimum
Oil inventories are getting so tight that commercial stockcover held by oil companies could hit minimum operating levels by early next year, London's Center for Global Energy Studies warned.
Adsteam Performance Ahead of Last Year
Tugboat operator Adsteam Marine Ltd. is reportedly performing ahead of the same period in the previous year, but has not yet made a decision on whether to sell its stake in Holyman Ltd.
