Carrier Transicold Receives Major Sea-Land Order
Carrier Transicold has been awarded a major contract from Sea-Land Service Inc. for container refrigeration units configured with both Sea-Land's FreshMist humidity…
Marcon International, Inc. of Coupeville, Wash., has been involved in the following recent sales and
Crowley Marine Service sold its 3,200 hp twin screw tug, Howard H, to buyers in the Caribbean. The 125 x 32 ft. tug was originally built in 1967 by Southern Shipbuilding…
Independent Committee to Consider Merger Proposal
J. Ray McDermott, S.A. announced a proposal was made by the Board of Directors of McDermott International, Inc., to the Independent Committee of J. Ray McDermott's Board of Directors.
MariTEL to Build Nationwide Broadcast Towers
MariTEL, the nation's leading provider of VHF marine wireless telecommunications, finalized an agreement with American Tower Corp. to develop a 250-300 tower network.
Box: Generations on An Alaskan Limit Seiner
Petersburg, Alaska has been known since its founding as the home of good fishermen and fine boats. One of the earliest limitations on the commercial salmon fishery…
USACE Earns Safety Award
A record low accident rate and a command-wide emphasis on safety helped the USACE earn the 1998 Chief of Staff of Army's Major Army Command (MACOM) Safety Award.
Halter Marine to Build Ferries for State Transportation Department
A $10.7 million contract was awarded to Halter Marine Group for construction of two passenger ferries for North Carolina's Department of Transportation. The 180 ft.
$21.2 Billion Canal Proposed
Thailand is expected to begin construction soon of a $21.2 billion canal from the Indian Ocean to the Gulf of Thailand which would allow ships to bypass Malaysia and Singapore, Reuters reported.
Norwegian Dream Cruise Liner Collides With Containership
Passengers told of an impact like an earthquake Aug. 24 when their cruise liner and a cargo ship collided in the dead of night in the English Channel. "I'm from…
Economy Still Close To Recession, Prospects For Shipping Industry Remain Bleak: Report
The global economy remains in a state close to recession, and although authorities are trying to stimulate growth using methods such as reducing interest rates,…
Kirby Purchase Of Hollywood Creates Inland Giant
Despite a downgrading in rating from various credit agencies, Kirby Corporation's recent acquisition of Hollywood Marine is designed to reduce costs, as the inland…
Adsteam Marine Looks For Improved Profits
Tugboat operator Adsteam Marine Ltd. is aiming for improved profits in 1999/2000 after reporting a 1998/99 net profit of $11.1 million. The company achieved a 1997/98 net profit of $10.8 million.
Latvian Shipping Sell-Off Rules Expected This Week
The ongoing saga to partially privatize the world's 19th largest shipping company took another turn last week, as officials with the Latvian Privatization agency…
Maritrans Inc. Reports Second Quarter Results
Maritrans Inc. reported net income of $900,000 on revenues of $39.8 million for the quarter ended June 30. For the same period last year, net income was $1.3 million, on revenues of $38.1 million.
Moeller Says '99 Shipping Profits To Be Up From Last Year
A.P. Moeller - parent of the world's leading container shipping company Maersk Line -announced last week that full-year 1999 operating profit on shipping activities would exceed last year's.
Oil Price Drops As Speculators Jump
Euphoria surrounding the soaring price per barrel of oil soured a bit last week, as world oil markets took a nosedive as speculators apparently decided the rally…
Interest Declining In Offshore Acreage Leases
Preliminary results of the latest government sale of offshore oil and natural gas exploration acreage leases in the U.S. Gulf of Mexico show a decline in oil company interest in the properties…
Vickers Positions For Marine Propulsion Domination
Vickers PLC has recently made a major commitment to the marine market, most recently with its acquisition of Norwegian propulsion company Ulstein Holding for $476.8 million.
Singapore Initiates Y2K Readiness Drill On NOL Vessel
As the conclusion of 1999 comes quickly and worries surrounding the unknown effects of the Y2K bug grow stronger, more maritime entities around the globe are increasing…
Naval Shipyards To Get More User-Friendly Advanced Industrial Management Software
A more user-friendly version of the computer software naval shipyards use to plan and execute availabilities will soon be available to all naval shipyard project teams. On Aug.
