Hvide Marine Reports Third Quarter Loss
Hvide Marine Inc. today reported a net loss of $20.1 million or $.129 per diluted share on revenues of $86 million for the quarter ended September 30, 1999. In the period one year earlier…
Moore Stephens Branches Out To Russia
Shipping accountant Moore Stephens has continued its expansion in Russia by opening an office on Sakhalin Island in Russia's Far East. Martin Rix will move from…
Marinette To Launch U.S. Navy Vessel
Marinette Marine Corp. launched the U.S. Navy's Barracks Craft (APL-65) into the Menominee River at a ceremony on October 30. The vessel, which was christened and…
Graham Appoints New Partner
London-based law firm Lawrence Graham has appointed Charles Baker, an experienced maritime and trade lawyer, as a new partner. Baker, who has more than 25 years experience in maritime law…
Keppel Elects New Executive Chair
Keppel Corp. Limited and Keppel TatLee Bank Limited have appointed Lim Chee Onn as executive chairman upon the retirement of Sim Kee Boon, effective January 1, 2000.
GlobeOffshore Now Available From Globe Wireless
GlobeOffshore, the first fully integrated workboat management system, is now available from Globe Wireless. The system acts as a decision support tool helping to improve vessel utilization…
Baltic Exchange Launches New Dry Bulk Index
The Baltic Exchange will launch a new dry bulk cargo composite index on Monday, November 1. The BDI is a composite of the existing Baltic Handy Index, Baltic Panamax…
New Orders Increase Dramatically - But Orderbook Fails To Rise
New ship orders reported have increased dramatically, according to figures published by Lloyd's Register (LR) in its quarterly World Shipbuilding Statistics. In the quarter to June 1999…
Kvaerner To Deliver Prefabricated Cabins
German shipyard SSW Fähr- und Spezialschiffbau GmbH from Bremerhaven and Kvaerner-Masa Yards, Piikklö Works have signed a contract for the delivery of prefabricated…
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 new contract to ship coal to Indonesia to contribute significantly to group earnings in 2001, according to a company official.
Zeebrugge Traffic Up 6.6%
Total traffic through Zeebrugge port rose by 6.6 percent to 26.67 million tons in the first nine months of 1999. At the end of the year it expected total traffic…
LR Announces SSEE Winner
Compania Naviera Minera del Golfo SA de CV (Navimin) of Mexico has won the Standard Ship Emergency Exercise Award from Lloyd's Register (LR). The award was made to Mr.
Caterpillar's 3412E Provides High Power
Caterpillar's Engine Products Division has introduced the availability of a new, totally electronic 3412E marine diesel engine with ratings from 503 to 1,400-bhp (375-1…
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…
Celebrity Zenith Arrives At Newport News
Celebrity Cruise Lines' vessel Zenith arrived at Newport News Shipbuilding (NNS) on October 18 for its bi-annual drydocking. Owned and operated by Miami, Fla.-based Celebrity…
World's Biggest Cruise Liner Set To Sail
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…
Astano Delivers Discoverer Spirit
Astano, the Astilleros Españoles offshore construction yard, has sent off Discoverer Spirit to American owner and operator Transocean Offshore. The second of a trio…
Finnish State To Join Bidding For Masa-Yards
The Finnish state plans to join the bidding for Masa-Yards, the Finnish shipyards of Anglo-Norwegian engineering firm Kvaerner, according to news reports. Officials…
15 Bodies Recovered From Ship Wreck
Rescuers have recovered 15 bodies from a ship that sank off the southern coast of Indonesian New Guinea last week with the feared loss of more than 100 lives. About…
