LPG Tanker Blast Kills Five
An explosion aboard an LPG tanker docked at Subic Shipyard in the Philippines killed at least five people, according to shipyard officials. The vessel, identified as Mundogas Europe…
Giant Iceberg Heading For Tierra Del Fuego
A giant iceberg, 40 miles (66 km) long and 11 miles (18 km) wide, is reportedly floating toward Tierra Del Fuego, the tip of South America, causing Chilean authorities…
Minoan Flying Dolphins To Order Three Ferries
Minoan Lines subsidiary Minoan Flying Dolphins will reportedly order three more high speed ferries at a cost of $150 million, bringing its total newbuildings to eight.
Carnival Cruise Lines Founder Dies
Ted Arison, founder of Carnival Cruise Lines, reportedly died of a heart attack on Oct. 1 in Tel Aviv at the age of 75. Arison, listed in Forbes magazine as one of the world's richest men…
Polish Shipyard Gets Orders For Seven Ships
Poland's Szczecin shipyard has reportedly signed a contract for seven container vessels ordered jointly by Chilean firm Compania Chilena Sud America de Vapores (CSAV)…
SS&Y's Atlantic Capesize Index Rises 148 Points
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 148 points to 3,682 in the week ending Sept. 27. "A rise of 148 points in this week's index…
SS&Y's Pacific Capesize Index Rises 37 Points
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 37 points to 3,287 in the week ending Sept. 27. "Cargoes uncovered for October helped to steady…
Offshore Rig Demand Rises In U.S., Falls In Europe
Rig demand increased in the U.S. Gulf of Mexico and declined slightly in Europe, following a pattern that is likely to be repeated through the end of this year at least.
Stiff Rate Increases Seen For Atlantic Capers
Some stiff rate increases for Atlantic capers were seen for business to China and for trans-Atlantic coal, brokers said last Wednesday. Panamax rates were still drifting from the U.S.
Rates Rise Amid Increased Activity, Lack Of Vessels
Mideast-Asia VLCC and Mediterranean Suezmax crude tanker rates have risen due to increased activity and a lack of vessels, shipping brokers said Sept. 29. VLCC rates…
ICB Tankers Deal Boosts Weeks' Ship Sales
Greek shipowner John Angel-icoussis' acquisition of four ICB tankers last week was the highlight of a busier market, Allied Shipbroking Inc. said in its latest ship sales report.
Controversial Nuclear Cargo Ship Docks In Japan
An armed British ship carrying recycled nuclear fuel docked on Japan's northeast coast early last week after a two-month voyage from Europe that sparked protests…
Company Settles California Spill Case For $9 M
Privately-owned company Pearl Shipping has agreed to pay $9.4 million in compensation for an engine fuel spill from one of its tankers off California last year, according to company officials.
Northwestern University Center To Open
Neptune Orient Lines (NOL), an early donor to the Northwestern University Transportation Center's "Building for the Future" campaign, is joining other supporters…
New Ports Service Established
A new service between China and U.S. East Coast ports has been launched by Century Bridge Container Lines, which provides direct ports of call to Houston, Miami and N.Y.
First Steel Cut Completed
Atlantic Marine, Jacksonville, Fla., has accomplished its first cut of steel for its new fleet of 226-passenger U.S.-flag coastal ships, Delta Queen Coastal Cruises.
Crowley Restructuring Announced
Crowley Maritime Corp. is planning a significant strategic restructuring that will result in a more decentralized ocean cargo transportation company once the sale…
Shippers Suffer Losses Due To Blocked Danube
The Danube will remain blocked by bombed Yugoslav bridges through the winter, with the cost of removal estimated at as much as $31.5 million, the Danube Commission announced…
Tanker Owners To Gain Market Clout Through New Web-Based Information Sharing System
Tanker owners organization Intertanko is preparing to test a system to give ship owners greater market clout through increased vessel and cargo information sharing.
Conoco, Unocal Find Deepwater Oil Near New Orleans
Conoco Inc. and Unocal Corp. discovered oil with their K2 exploration well in the Green Canyon Block 562 in deep water in the Gulf of Mexico, Conoco said. Work on the well…
