'Buy' Rating Reiterated For Cruise Shares
Shares of cruise stocks, Carnival Corp. and Royal Caribbean Ltd., have traded down recently, with a sharp pullback following the recent release of the Consumer Confidence Survey.
Blueprint For Transportation System Unveiled
Addressing a projected increase in waterborne commercial vessel traffic that is expected to double or triple over the next 20 years, U.S. Secretary of Transportation Rodney E.
South Korean Foreign Ship Orders Drop
New foreign orders received by South Korean shipbuilders fell 15.7 percent in the first nine months of this year from a year ago, provisional figures from the Korea Shipbuilders' Association show.
Investigators Seek Cause Of LPG Tanker Blast
An investigation is underway into the cause of an explosion aboard a Liberian-registered LPG tanker that killed five people and injured eight others in a Philippine shipyard facility on Oct.
MSC Marks 50 Years Of Service
"MSC has been conspicuous because its people and ships generally have been where the action has been." Rear Adm. Rear Adm. Keener made this observation on the U.S.
Shipowners Say Industry Is Being Choked By Legislation
International shipowners said the maritime industry is being choked by legislation and that they are unfairly targeted as the culprits for all ills in the sector.
SembCorp Industries Looks To Become A Global Contender
Diversified SembCorp Industries Ltd., fresh from sales of key non-core assets, is hunting for foreign partners in its bid to become a global contender in its core businesses…
Analysts Say Norwegian Offshore And Shipping Stocks Are Now A Good Buy
Norwegian offshore oil and shipping stocks are a good buy for investors who have time to wait to realize profits, according to analysts. Four out of six analysts…
Greenpeace In Legal Battle With U.K. Over Oil Exploration
Environmentalist group Greenpeace reportedly took the UK government to court over what it sees as Britain's failure to protect coral beds, whales, dolphins and other…
APS Management Restructured
Associated British Ports Holdings Plc is reorganizing top management at its American Port Services subsidiary, including appointing Douglas Tipton as head of the Seaport container terminal division.
Tanker Spills Heating Oil Near St. Petersburg
About 10 tons of heating oil reportedly spilled into the Neva River after a tanker ran aground in St Petersburg, Russia, but there was no immediate threat to drinking water or the environment…
Capesize Rate Jump Driven By Japanese Steel Market
Booming Capesize rates have been driven by increased Japanese steel production more than they were by the August market raid by Belgium's Bocimar when it chartered about 35 ships…
Large Tanker Fixing Slows, Rates Soften
Large tanker fixing out of the key Middle East market slowed this week as charterers had largely covered their October liftings, resulting in a softening of rates…
Keppel's Philippine Units Complete Consolidation
Philippine units of Keppel Corporation have reportedly completed the restructuring of their operations, which called for a consolidation of Keppel's domestic marine…
Kvaerner To Sell Cleveland Bridge Unit
Kvaerner ASA will reportedly sell its Cleveland Bridge construction unit to the current leaders of the unit, a move that represents a probable accounting loss, but…
NOL To Charter Two Vessels For APL
Neptune Orient Lines Ltd (NOL) will reportedly charter two new large container ships for use by APL, its container transportation and logistics unit. The two vessels…
Kvaerner Masa-Yards May Get $1.2B Carnival Deal
Rumors have it that Kvaerner Masa-Yards is on the brink of bringing in a $1.2 billion deal to build three new cruise ships for Carnival. The shipyard, which has…
Alstom Wins Repeat Order For Cable Layer
The Marine and Offshore division of Alstom Drives & Controls has been awarded a contract by James Fisher & Sons to provide a replacement power management, alarm…
Litton Wins Sub Radar Contract For U.S. Navy
Litton Marine Systems has been granted a contract worth more than $7 million by Naval Sea Systems Command, Arlington, Va. to provide radars for U.S. submarines.
Keppel Fels Repairs Tam Dao Drilling Rig
Keppel Fels Limited has completed its $10 million contract with Vietnam-Russian joint venture company Vietsovpetro for the repair of jack up drilling rig Tam Dao.
