Minoan Studies Adriatic Market Expansion
Minoan Flying Dolphins (MDF), a subsidiary of ferry operator Minoan Lines, is looking into deploying high-speed ships in the Adriatic market. MDF took out an option…
Bowsher Named Newport News Board Member
Newport News Shipbuilding Inc. named Charles Bowsher as a member of its board of directors. Bowsher served as the comptroller general of the United States from 1981 until October 1996.
Two RoLo's Ordered For $60M
Sweden's B&N Nordsjofrakt ,with Finland's Palkkiyhtyma, reportedly ordered two vessels costing $30 million each from Polish shipyard Stocznia Gdynia SA. The 14,800…
Plans For World's Largest Ship Steam Ahead
A group of U.S. investors has reportedly picked Honduras as the site to build the world's largest ship, which it plans to turn into a floating city. The so-called "Freedom Ship…
AMCV To Acquire MS Nieuw Amsterdam
American Classic Voyages (AMCV) has reached an agreement with Holland America line to buy MS Nieuw Amsterdam for $114.5 million, contingent upon various conditions…
Tampa Bay Shipbuilding & Repair Enters Agreement With Maritrans
Tampa Bay Shipbuilding & Repair Company has been chosen by Maritrans Operating Partners, a subsidiary of Maritrans, Inc. to retro-fit its second single-hull vessel…
IEA Warns Of Big Oil Supply Deficit Next Year
OPEC oil producers next year can look forward to accelerating world petroleum demand growth and only marginal extra supply from non-OPEC competitors, according to the International Energy Agency.
Daewoo To Spin Off Two Divisions
Daewoo Group reportedly plans to spin off Daewoo Electronics and the shipbuilding division of Daewoo Heavy Industries prior to their sale.
Attica’s Two New Ferries Expected In H1 2000
Two of Attica Enterprises’ six Superfast ferries under construction will reportedly join its existing four Superfast vessels by mid-2000.
Britain’s Cenargo To Buy Norse Irish Ferries
Cenargo International Plc has reportedly made an offer to buy Ireland-based ferry operator Norse Irish Ferries Ltd.
Egypt Signs Contract To Set Up A Container Station
The Egyptian Marine Transportation Sector and Suez Canal Company reportedly signed a contract to establish a container station in East Port Said harbor.
Conoco Talks On Azeri Field Expire Without Agreement
Conoco is reportedly was "considering all options" after failing to reach agreement in talks with Azerbaijan over a $1.2 billion deal to rehabilitate and develop a major oil field.
Daewoo, Creditors Near End Of Talks
Daewoo Group is reportedly in the final stages of talks with creditors on a blueprint to overhaul the embattled conglomerate amid media reports that its cash-rich brokerage would be sold.
Oil In Transit Volumes Starting To Drop
Volumes of oil in transit will reportedly start to fall away this month after dropping marginally in July, according to Oil Movements.
Cuba Offers 59 Offshore Oil Blocks In Joint Venture
The Cuban government is reportedly offering 59 offshore oil blocks for joint venture projects with foreign companies as part of its bid to develop the local hydrocarbon…
Big Oil, Kuwait Close To Serious Upstream Talks
Big oil firms reportedly may start serious talks soon with Kuwait on upstream oil deals as the oil-rich Gulf state inches closer to opening up the prized sector.
No End In Sight For French Oil Battle
Market fears that the takeover battle between France's two largest oil companies could be prolonged reportedly increased when the market regulator failed to set…
Both Sides In U.S. Oil Trade Case Make Final Arguments
Both sides in a hotly-contested oil trade case reportedly made final efforts to sway the Department of Commerce, which will soon make public its decision on whether to proceed.
Aker Maritime, Aker RGI In Assets Deal
Aker Maritime is reportedly taking full control of Aker Geo from industrial holding company Aker RGI.
Container Ship Charter Rates Seen Surging In 2001
Container ship charter rates are reportedly set to recover from their current depression by 2001, according to shipping analysts.
