S&P Raises Transocean Offshore Ratings
Standard & Poor's raised its ratings for Transocean Offshore Inc., renamed Transocean Sedco Forex Inc. (See chart page 2, related story page 8) At the same time…
Mutiny Pardoned
President Bill Clinton recently granted a pardon clearing the name of Freddie Meeks, an 80-year-old black man convicted of mutiny in a 1944 wartime incident with racial overtones.
Second 'Chunnel' Not Likely
A motorway under the sea between Britain and France was mooted last week in a study issued by Eurotunnel Plc on a second cross-channel link. Almost 200 years after…
Millennium Bug Proves More Myth Than Menace
The Y2K bug remained to be less than a threat last Tuesday as London rejoined the working world after the New Year break, but more traditional worries about interest rates quickly deflated markets.
French Beach Oil Slick Toll Rises
A new wave of heavy fuel oil from the sunken tanker Erika washed onto France's storm-battered western coast last week, this time hitting the shores of Ile de Re…
Chang And Bray Receive 1999 Connie Awards
The 1999 Containerization & Intermodal Institute’s Connie Awards were presented to Evergreen Group chairman, Dr. Yung-fa Chang and J. Robert Bray, executive director…
Hyundai Heavy Aims For $7.5B In Orders
Hyundai Heavy Industries Co. has set its goals high for 2000, aiming to garner shipbuilding orders with a value of $7.57 billion, up nearly 20% from an estimated $6.35 billion in 1999…
S&P Raises Transocean Offshore Ratings
Standard & Poor’s raised its ratings for Transocean Offshore Inc., renamed Transocean Sedco Forex Inc. (See chart page 2, related story page 8) At the same time…
Yantai And Friede Goldman Secure Contract
Yantai Raffles Shipyard, in conjunction with prime contractor Friede Goldman Halter, has garnered a $109 million order from China National Offshore Oil Corp. (CNOOC) to construct a 515 ft.
Cunard Narrows Field To Five
Cunard Line says it has five bids from European shipyards to build the Queen Mary 2, a rare new transatlantic liner that will rank with the world's largest passenger ships upon its completion in 2003.
Croatian Yard Completes Tanker Order
Croatian Uljanik shipyard delivered a tanker to Russia's Novoship company. The 17,750 dwt oil and chemical tanker is the last one of a series of four similar vessels built for the same buyer…
Second “Chunnel” Not Likely
In a move that was sure to please the ferry companies servicing the English Channel, a motorway under the sea between Britain and France was mooted last week in…
Arrest Made In Seattle Shipyard Shooting
Seattle police have arrested a 30-year-old man in connection with execution-style shootings at a local shipyard that left two dead and two injured in November. Police…
Chiles Offshore LLC Completes Finance Moves To Free Up Cash
Chiles Offshore has raised $15 million through the sale of equity interests to its current equity holders. The proceeds were used by the company to repurchase and…
Moore Stephens says tonnage tax proposals lack flexibility
Shipping accountant Moore Stephens says draft proposals on the new U.K. tonnage tax regime lack the flexibility shipowners need for timing acquisitions and sales of ships.
Crowley Concludes Sale of S. America Services
Crowley Maritime Corporation last week concluded the sale of its South America liner services to Hamburg Sud. Crowley's business activities in Puerto Rico, the Caribbean…
U.S. Builders Make Waves At Year End
While consolidation and closures continue to reshape the ship and boatbuilding industry worldwide, 1999 ended on some positive notes, particularly for ship and boat…
The Coating Conundrum
Incorporating Good Environmental Science in the Current Organotin Regulatory Debate. A draft Assembly Resolution (Annex 21/11) prepared by the Marine Environmental…
HMS: Outfitting ferry for safety, success
Operating between Nassau and Harbor Island and Eleuthera in the Bahamas, M/V Bo Hengy carries passengers daily for this ferry service that provides an innovative form of transportation…
United States Lines -- Flying High Again
As far back to the early 1900's when the transatlantic crossing ruled the day, the motto of the cruise ship industry was to provide passengers with a vacation that was both relaxing and hospitable.
