Supreme Court Rules Titanic Still Viewable
The Supreme Court refused to reopen a case last week from a Virginia appeals court allowing adventure-tour operators to conduct deep-sea excursions to the wreck of Titanic.
FONASBA calls for clarity
The Federation of National Associations of Ship Brokers and Agents (FONASBA) has called for more clarity in ship agents' rate structures. Speaking at the federation's…
Phillips Mulls Disposals
Phillips Petroleum officials said last week that the company favors a $1.14 billion plan to dispose of 15 oil and gas installations at the Ekofisk field in the Norwegian North Sea.
Booze Cruises Still Booming
Despite doom and gloom forecasts from ferry operators, the abolition of duty free sales has not slowed the demand for ferry day-trippers. Four months after the European…
Millennium Class Tanker Christened
ARCO Marine, Inc. unveiled its first state-of-the-art Millennium Class tanker at a christening ceremony at Litton Avondale Industries in metro New Orleans. The 125…
New Crabber Heads for Grounds
On the Bering Sea king crab fishery, explains deckhand Jerod Goodin, "There are six in the deck crew. Each of us will work 15 hours on and then take a three hour break.
Spanish Fishermen Given OK To Sue British Government
Spanish fishermen who say they were unlawfully barred from British waters won permission from Britain's highest court last week to sue the government in a claim which could top $160 million.
Cameroon Still Seen As Most Corrupt Nation
West Africa's Cameroon retained the dubious honor of being viewed as the country most likely to take bribes in 1999 while Denmark remained squeaky clean, according to an independent report.
Latvia Shipping Asks Hyundai To Extend Tanker Deal
State-owned Latvian Shipping has asked South Korean Hyundai Heavy Industries to extend the deadline for signing a $200 million tanker order because of political delays.
FGI And Halter Merger Activities On Schedule
Friede Goldman International stated that its activities related to its pending merger with Halter Marine Group were progressing on schedule. The company has received…
Kyriakoulis Shows Interest In Stardust Marine
Yacht operator Kyriakoulis has officially expressed its interest in acquiring France-based Stardust Marine SA, which operates 275 yachts and 16 marinas around the world.
Osprey Maritime Gets Extension
Oil and gas shipping firm Osprey Maritime's bankers have agreed to an extension through the third quarter of 2002 of $362 million in short term loans. The facilities…
S&P Lowers Pegasus Rating
Standard & Poor's lowered its corporate credit rating on Pegasus Shipping (Hellas) Ltd. (Pegasus) to triple-'C'-minus from single-'B'-minus. At the same time, Standard…
Chuan Hup To Buy 20 New Barges & Tugs
Marine shipping company Chuan Hup Holdings expects a contract to ship coal to Indonesia to contribute to group earnings in 2001, the group's finance director, Lim Kwee Siah…
USACE Hires Team for Lock Mitigation
The USACE, New Orleans District has hired a team to help implement a $33 million Community Impact Mitigation Plan for Industrial Canal lock-replacement in New Orleans.
Oil Prices Consolidate Gains As Ministers Back Cuts Continuation
Oil prices last Tuesday (Oct. 26) consolidated recent gains, moving sideways after a bounce last week. International benchmark Brent crude traded seven cents higher…
World's Biggest Cruise Liner Set To Sail To U.S.
The world's biggest cruise liner, the 311-m (1,035-foot) Voyager of the Seas, will set sail this week from Finland to the United States. The $500 million vessel…
Lazard Frères Renews 'Buy' Rating For NNS
Based on Newport News Shipbuilding's second quarter earnings increase, strong third quarter performance and high expectations for fourth quarter revenues, research firm Lazard Frères & Co.
The Profits Black Hole: Container Shippers Still Unable To Turn Growth Into Profit
A new report from Drewry Shipping Consultants Ltd., titled "Container Market Outlook," estimates that in 1998 carriers lifted 14.7 percent more cargo than in 1996 (more than 7.2 million teu)…
Milosevic, Not Debris, Is Blocking Danube Shipping
NATO Secretary General Lord George Robertson said that Serbia could not expect help to clear the Danube waterway of Kosovo war debris as long as Slobodan Milosevic remains president of Yugoslavia.
