Samsung Heavy Sees Sales Up On Year
South Korea's Samsung Heavy Industries Co. has set a 2000 sales target of $3.5 billion, up from a provisional $3.4 billion for 1999. A spokesman said the company…
UAE Group Buys Third Ship From Hitachi
A United Arab Emirates company has reportedly signed a contract with Japan's Hitachi Zosen Corp. to buy a third bulk carrier at a cost of about $22 million. The…
NCL Board Seeks New Share Issue
NCL Holding's board is seeking a mandate to issue 120 million new shares at a price of at least 35 crowns ($4.39) per share. Singapore-listed Star Cruises, which…
Hanjin Sees 1999 Sales At $1.4B
South Korean shipbuilder Hanjin Heavy Industries Co. Ltd. said on Monday it expects to post sales of $1.4 billion for 1999 and a net profit of $84.3 million. Officials…
Doomed Trawler May Have Hit Mine
A Scottish trawler that sank in the Irish Sea last week, drowning its seven crew, may have hit an abandoned mine, according to press reports. Marine accident investigators…
World Piracy Up 40% In 1999
Pirate attacks worldwide surged 40 percent in 1999 as economic and political troubles in Indonesia spurred a dramatic increase in incidents in Southeast Asia, according…
TotalFina Tightens Tanker Regulations After Erika Spill
Oil giant TotalFina, which chartered the ill-fated oil tanker Erika, has tightened its policy on chartering older tankers. However, company officials stressed that a new age limit on large ships…
