Construction Starts on New Lock
The USACE has started driving test pilings beside the Industrial Canal Lock in New Orleans, the first step in building a new lock at the site. During the month of January…
New Hopper Dredge for Great Lakes Company
Great Lakes Dredge and Dock Company announced it has commissioned Bay Shipbuilding of Sturgeon Bay, Wis. to construct a new trailing suction hopper dredge, to be called Liberty Island.
Chuan Hup Unit Secures Patrol Boat Contract
Chuan Hup Holdings Ltd.'s joint venture company Asia-Pac Geraldton Pte Ltd. secured a $11.9 million contract to build seven high-speed patrol boats for the Singapore Police Force (Coast Guard).
Inspection Groups Mull Changes To Tanker Rules
Ship inspection organizations, criticized in the wake of the Erika oil spill, are reportedly considering changes to their procedures. A special meeting has been…
Piraeus Shipping Center Inaugurated
Prime Minister Costas Simitis inaugurated National Bank of Greece's Shipping Trade Center in the port city of Piraeus, near Athens, and called for more investment and a better attitude from all.
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…
Transatlantic Clean Tanker Rates Skyrocket
Clean oil tanker markets heated up, with transatlantic rates going through the roof and Mediterranean and Mideast rates also strong, brokers said. Price differentials and the U.S.
Tidewater To Build New Vessels For $300M
Tidewater Inc. will build new vessels for a total of about $300 million. The company plans to fund the program using its current cash balances, which exceed $150 million…
EU Ready To Clear Danube If Serbia Cooperates
Work on clearing bombed bridges from the Danube River in Yugoslavia could begin in March if Belgrade agrees next week to a proposal that the European Union would help fund, according to EU sources.
TotalFina's Spill Costs Rise
The oil spill from the Erika Tanker, chartered by TotalFina, has reportedly so far cost the company more than $123 million. The company announced Jan. 21 that it…
S&P: Credit Quality of SE Asian Owners Drops
Standard & Poor's said the credit quality of shipping companies across Southeast Asia has suffered in the last two years, with most companies in the "weak to vulnerable" range…
Chirac Vows To Make Polluters Pay More
French President Jacques Chirac vowed to push for international laws forcing polluters to pay more for damage caused by oil slicks like one that smeared France's Atlantic shoreline last month.
Oil Giants To Offer Marine Fuels Site
BP Amoco Plc., Royal Dutch/Shell, Texaco Inc., and Chevron Corp. are developing an Internet site allowing energy companies to buy and sell fuel for ships. The companies…
Oil Majors To Supply Tanker Status Reports
A group of 41 oil majors will make their tanker inspection reports available to port examiners in Europe. They also aim to ensure higher standards for their shared…
