Holyman To Back New Lang Bid
Holyman Ltd.'s board of directors will recommend a fresh $.71 a share takeover bid from Lang Corp Ltd. Lang Corp increased its cash offer from $.61, topping a rival…
IHI Cuts 1,200 Jobs
Ishikawajima-Harima Heavy Industries Co. Ltd. (IHI) will cut its work force by 1,200 from the current 13,200 by the end of March 2001. A spokesman said the company…
Shipper Eyes Internet Cocoa Sales
Ivory Coast's leading cocoa and coffee shipper, SIFCA-JAG, is looking at selling commodities via the internet by the 2002-2003 season, according to the head of the company.
Baltic Exchange Seeks Mutual Status
The Baltic Exchange -- the world's oldest shipping market -- is seeking mutual status as a means to overcome conflicts between shareholders over the use of assets.
Conrad Industries Reports Earnings
Conrad Industries Inc. expects to report earnings per share for the quarter ending Sept. 30 of between $.01 and $.03 compared to earnings per share of $.10 for the quarter ending June 30.
Hyundai To Ferry Tourists To North Korea
Hyundai Group will start ferrying foreign tourists to North Korea's fabled Kumgang Mountain starting on Oct. 23, the group announced. "We have issued invitations to about 20 to 30 diplomats…
NOL To Charter Two Vessels For APL
Neptune Orient Lines Ltd. (NOL) will charter two new large container ships for use by APL, its container transportation and logistics unit, according to company officials.
Clearing Danube of Bridge Debris A Priority
Clearing the Danube of bombed bridges and helping Serbia get through the winter are priorities for a Balkan stability pact, Bodo Hombach, the head of the European Union's reconstruction plan said…
Oil Price Rebounds From Fall
Roller coaster oil prices' latest rebound moved up a gear on Oct. 12 as buyers gradually purged memories of the spectacular sell-off a week before. Benchmark North…
British Ports Reorganizes American Management
Associated British Ports Holdings Plc has appointed Douglas Tipton as head of the Seaport container terminal division at its American Port Services subsidiary, and…
Oslo Offshore Shares Stumble in September
Offshore shares have been the winners in recent months on the back of a rapidly rising oil price. In September however, this sector dipped 5.9 percent to show the…
Outlook for Floating Production Systems
The strong and sustained rebound in the price per barrel of oil, coupled with the economic recovery in Asia has offshore production related companies planning for a big 2000.
Union Complains of Unsafe Ships
Thousands of seafarers risk their lives on unsafe cargo vessels that daily enter the East African ports of Mombasa and Dar es Salaam, trade union officials said last week.
Capesize Rate Jump Driven By Japanese Steel Market
Increased Japanese steel production has driven Booming Capesize rates more than the August market raid by Belgium's Bocimar when it chartered about 35 ships, shipping sources said.
American Cruise Ship Takes Shape
The much-watched progress of two new cruise vessels under construction for AmericanClassic Voyages at Ingalls Shipbuilding are quickly taking shape, at least in the area of equipment selection.
IMO: Proposing Mandatory Traffic Control Compliance
The International Maritime Organization (IMO) has proposed mandatory compliance by ship masters with orders from shore traffic controllers. The suggestion by IMO…
Princess Cruise Business Is Strong
Peninsular & Oriental Steam Navigation Co. said its Princess Cruises business performed strongly in the third quarter with occupancy reaching 103.8 percent from 101.7 percent a year earlier.
Attica Gets OK For Shares Issue
Greek ferry operator Attica Enterprises received shareholder approval last Thursday for a one-for-10 bonus share issue and a one-for-10 rights issue at 3,200 drachmas a share.
Holyman To Back New Lang Bid
Holyman Ltd.'s board of directors will reportedly recommend a fresh $.71 a share takeover bid from Lang Corp Ltd. Lang Corp increased its cash offer from $.61, topping…
Minoan Lines Orders Ferry From Samsung
Passenger shipping firm Minoan Lines has reportedly placed an order for a third ferry with Korean shipyards Samsung, to be delivered in May 2001. The vessel will…
