Cruise Lines Face Y2K Supplier Squalls
The world's biggest cruise lines have made their own computers shipshape against Year 2000 glitches but still face possible electronic squalls arising from problems…
Waukesha Announces New Appointments
Waukesha Engine Division has announced the appointments of William M. McCormick to vice-president, engineering and Lloyd S. Beauchamp to vice-president, sales. In his new position…
Frink Retires From Parker Drilling
Shelby Frink, vice-president of operations support, retired from Parker Drilling Company after 43 years of service with the company. He began his career with Parker…
Minoan Lines To Sign Loan
Ferry operator Minoan Lines will sign a $253.5 million syndicated loan jointly arranged by Citibank and National Bank of Greece to finance four highspeed ferries under construction…
Moody's Ups Transocean Offshore
Moody's Investors Service upgraded the senior unsecured debt ratings of Transocean Offshore, Inc. to A3 from Baa1 to reflect the significant benefits that the company…
Alstom To Build P&O Cruise Ships
Alstom won an order from P&O for two 1,000 cabin, 88,000 ton cruise ships. Although a price was not given for the deal, based on the current price range for cruise…
P&O Cruise Division Sees Strong Trading, Advances Plans For U.S Listing Next Year
The cruise arm of Peninsula and Oriental Steam Navigation Co. continues to experience excellent trading conditions, with total capacity up 14 percent this year, company officials said.
Giant Fuel Oil Slick Threatens French Coast
Authorities along the length of France's Atlantic coast were on alert last Wednesday as a giant fuel oil slick slowly drifted south of Brittany, threatening an ecological disaster.
Offshore Oilfield Stocks Rally
Offshore oilfield service stocks, to put it mildly, have endured a wild ride for much of 1999. The once high-flying sector actually hit the skids in concert with the late 1997 Asian financial crisis…
NCL Shares Fall As Star Cruises Buys Stake
Shares in Norwegian cruise operator NCL Holding ASA fell six percent early last Wednesday after Singapore's Star Cruises bought a 20.6 percent stake but said it…
Japanese Foreign Order Down 29%
Japanese shipyards received foreign orders for 23 vessels totaling 687,650 grt in November, down 28.9 percent from a year before, the Japan Ship Exporters' Association said.
Carnival To Allow NCL Bid To Expire
Carnival Corp. plans to allow its tender to buy Norwegian line NCL Holding to expire on the December 22 deadline without making any adjustments. Carnival had bid 30 crowns per share for NCL…
Alstom To Build P&O Cruise Ships
Alstom won an order from P&O for two 1,000 cabin, 88,000 ton cruise ships. Although a price was not given for the deal, based on the current price range for cruise…
Hvide Marine Emerges From Chapter 11
Hvide Marine Incorporated has completed its exit financing arrangements and that its Plan of Reorganization has become effective, thereby marking the company's formal emergence from Chapter 11…
Offshore Spending Set To Soar
A recent report from Lehman Brothers found that global offshore drilling budgets are set to grow more than 10 percent in the coming year. The survey, which utilized the opinion of 320 oil companies…
FirstWave Granted Contract By Blessey Marine
FirstWave/Newpark Shipbuilding was awarded a contract by Blessey Marine Services of Hanrahan, La. for the construction of a 30,000-bbl capacity double-hulled tank barge. Measuring 298 x 54 x 13 ft.
Kvichak Awarded Pilot Boat Project
Kvichak Marine Industries has been granted the contract to build a 72 ft. (22 m) all-aluminum pilot boat for the Columbia River Bar Pilots Association of Astoria, Ore.
Waller To Design World's Largest
Houston based marine design company Waller Marine has been contracted to design the world's largest single power barge. The 220 MW barge mounted power plant utilizes a combined cycle technology…
Electric Boat Receives Modification Contract
General Dynamics Electric Boat signed a contract modification with the Navy to modify Jimmy Carter, the third and final Seawolf-class submarine. The modification…
GENSHIP Wins Repair Bid
The General Ship Corporation (GENSHIP), Baltimore, Md., has been awarded the bid to drydock and repair the United States Army Corp of Engineers (USACE) Survey Boat Shuman.
