United States Lines Floats Again
American Classic Voyages has acquired one of the most storied and renowned names in the history of ocean-going passenger transportation - United States Lines - to…
Maritime Surveyors To Play Crucial Y2K Role
Around 200 delegates from all sectors of the Dutch maritime industry attended a Y2K seminar organized by Dutch-Belgian surveying group Touw Holding. Representatives of banks…
Massoel S.A. Orders Three Bulk Carriers
Swiss shipowner Massoel S.A. reportedly has ordered three Handymax bulk carriers in cooperation with Norway's B Skaugen shipping group. The 46,000-dwt vessels are…
Ferry Mishap Claims Eight Lives
Eight people were killed when a ferry sank in the northern Philippines. Colonel Delfin Bravo, police operations officer in Tuguegarao, said 50 passengers survived…
Ecuador's Shrimp Exports Are, Well, Shrimpy
Ecuador's shrimp exports will suffer big losses this year due to low world prices and attacks of white spot virus, industry officials said. A hit to the country's…
OPEC Needs To Spend $60B To Meet World Oil Demand
OPEC oil producers will need to invest $60 billion by 2010 to meet world oil demand, the group's president said. "To maintain its 1995 production level and make…
Baker Hughes Reports Third Quarter Earnings Loss
Baker Hughes Inc., the world's third biggest oilfield services company, reported sharply lower third-quarter operating earnings, but said business had begun to improve…
Eleven Immigrants Killed In Ferry Fire
At least 11 illegal immigrants died in a fire last Monday on an Italy-bound Greek ferry with more than 400 people aboard, Merchant Marine Ministry officials said.
Panama Handover To Include Pageantry
The government of Panama announced two days of celebrations ahead of next month's official U.S. transfer of control over the Panama Canal. The canal is due officially…
Public Ports Push For Federal Funding Of Deep Draft Navigation
U.S. public port officials testified Wednesday, Nov. 3, at a hearing before the House Transportation and Infrastructure Subcommittee on Water Resources and Environment…
Finnlines Shares Surge
Shares in Finnlines surged last week, with analysts crediting the rise to growing European economic activity and Finnlines' recent deal to buy a stake in shipping group Transfennica.
Cargo Ship Missing, Feared Hijacked
A Japanese cargo ship has been missing since its departure in Indonesia Oct. 22, prompting fears that it might have been hijacked. Alondra Rainbow, carrying 7,000…
Cyprus Stocks Hit New High On Cruise Buy
The Cyprus Stock Exchange extended its gains Nov. 2 with a 3.4 percent climb to a new all-time record, spurred by renewed demand for tourism stocks. Disclosures…
Bergesen Profits Expected To Be Lower
Pre-tax profits at Bergesen d.y. Group ASA, Norway's largest shipping company, are expected to more than halve to 322 million crowns in nine months to September 30, a Reuters poll showed last week.
Shipping Outperforming Offshore In October
Higher oil prices have helped the Oslo Stock Exchange's shipping index, which features maritime and offshore shares, to rise by 33.7 percent so far this year - outperforming…
Aker Maritime Sale Plans Halted
Aker Maritime ASA's parent company, Aker RGI, has halted plans announced earlier in the year to sell the company. Aker RGI, which holds 63 percent of Aker Maritime…
Happy Birthday, Vopak: Worlds Largest Chem Shipping Company Born
After years of courting, Pakhoed NV and Van Ommeren formally became the world's largest chemical shipping, tank storage and logistics group last Thursday with the…
Seafarers In Trouble Owe Debt Of Gratitude To Tiny Plastic Boats
When the cold September sea reached out her icy fingers to claim fisherman John Roberts, a plastic boat in a cozy British pub came to his rescue. Just as Roberts…
Maersk Sealand Commits To New Container Terminal
Maersk Inc. has committed to the building of a new state-of-the-art container terminal in the Port Of Los Angeles' Pier 400 facility. The Port of Los Angeles and Maersk Inc.
Statoil Cuts Gas Estimates 10-20%
Statoil cut estimates of recoverable gas reserves at the Kvitebjoern prospect in the North Sea by 10 to 20 percent. The company said it and its partners -- Elf and…
