Hitachi Zosen Wins Bergesen Order
Hitachi Zosen Corp., a major Japanese shipbuilder, won 29 billion yen worth of orders from Bergesen D.Y. Group ASA of Norway for four 300,000-ton oil tankers. The…
Japanese Ship Export Contracts Up
Ship export contracts concluded by Japanese shipyards in December totaled 16 vessels, or 667,650 grt, up 19.1 percent from a year earlier, the JSEA said. The orders consisted of two freighters…
BDI Down Five Points
The Baltic Dry Index (BDI) was down five points to 1,400, the Panamax down 14 to 1,464, Capesize down 5 to 1,703 and the Handy up 4 to 1,042. Brokers reported continued…
French Seek Italian Help
French justice officials have asked Italy for help in investigating the December 12 sinking of the Maltese-registered tanker Erika which caused a serious oil spill off France's west coast.
ASA's Passionate Push For 300-Ship Navy
The American Shipbuilding Association, led by president Cynthia L. Brown, again reiterated the desperate need for increased naval ship construction now to stave off the natural progression of the U.S.
French Officials Call For End Of Convenience Flags
French transport officials reportedly announced that the practice of chartering oil tankers under convenience flags should be outlawed after the oil spill from the…
Bergesen Sells Tanker For Scrap
Bergesen d.y. sold its 284,520 dwt Berge Prince tanker for scrap, estimated to give a book profit of around $3 million in the first quarter of 2000. The ship, built in 1973…
Hanjin Sets Sales Target At $3.5B
Hanjin Shipping Co. announced its sales target this year is $3.45 billion, against an estimated $3.27 billion for 1999. The company's operating profit was projected…
Singapore Yard Completes $250M Transocean Rig
Singapore's Promet Private Ltd. (PPL) Shipyard completed construction of a $250 million semi-submersible oil drilling rig for offshore drilling contractor Transocean Sedco Forex.
OPEC Curbs To Stop Winter Tanker Upturn
Tanker markets are finely balanced but OPEC production cuts compliance will stop the shipping industry benefiting from its usual winter upturn, investment bank Morgan Stanley Dean Witter said.
Govan Workers Push To Win Contract
Union chiefs from Glasgow's Govan shipyard met British defense ministry officials to press their case for winning a $400 million contract that could save the yard.
Malta One Of Five Flags Responsible For Half U.K. Ship Detentions
Malta, which registered the tanker that broke up off France in December, is among five flags responsible for nearly half of all ships detained in the U.K. last year, Britain's Coastguard said.
BP Amoco Tightens Rules For Old Tankers
Global oil major BP Amoco has introduced new rules to restrict the chartering of older oil tankers a month after the Erika disaster that polluted 400 km of the France's coastline.
South Korean Ship Orders Up 127% In 1999
Combined orders received by South Korean shipbuilders totaled 12.72 million gt for 227 ships in 1999, up 127.2 percent from a year earlier, according to the Korea Shipbuilders' Association said.
Bergesen Orders Four Tankers From Hitachi
Norwegian shipping group Bergesen d.y. ordered four 296,000 dwt tankers from Japan's Hitachi Zosen Corp., for $263.7 million. Company officials said the vessels were all under construction…
Bangladesh Port Woes Cause Shippers Headaches
Strikes, and poor management and infrastructure at Bangladesh's Chittagong port are costing shippers thousands of dollars and hampering the country's external trade.
S&P's Cuts Pacific & Atlantic Ratings
Standard & Poor's lowered its corporate credit ratings on Pacific & Atlantic Holdings Inc. to 'SD' (selective default) from double-'C'. At the same time, the ratings…
MarAd Report Confirms U.S. Fleet Growth
Totaling more than 37,000 vessels available to meet U.S. shippers' transportation needs, the U.S. domestic fleet is greater than previously reported, according to the U.S.
Crowley to Launch New Service
Crowley Liner Services will launch a new, dedicated, direct, weekly RoRo service between Port Everglades, Fla., and Kingston, Jamaica, beginning January 7, 2000.
Halter Christens Rocket Booster Transport
Halter Marine, Inc., the marine vessel division of Friede Goldman Halter, Inc., christened and launched M/V Delta Mariner, designed and built for Foss Maritime Company on behalf of The Boeing Company.
