Detyens Readies For Arzew Reactivation
Detyens Shipyard has been granted the reactivation of Arzew by Argent Marine Services. The vessel, which will be renamed Galeomma, will be chartered to Shell Bermuda Overseas.
Cummins Promotes Klotz To V.P.
Cummims Mid-South L.L.C. has promoted Calvin B. Klotz, Jr. to the position of vice president. Klotz will be responsible for the company's commercial and recreational…
S&P Cuts MC Shipping Outlook To Negative
Standard & Poor's has revised the outlook on MC Shipping Inc. to negative from stable. At the same time, the company's single-'B' long-term corporate credit rating…
Newport News OKs Share Buyback Program
Newport News Shipbuilding Inc. has approved a $100 million share repurchase program, adding to a $100 million buyback plan authorized last June. The new plan will be implemented over 2000 and 2001.
Kvaerner Faces New EU Subsidy Probe
The European Commission has launched a probe into whether a German subsidiary of Anglo-Norwegian engineering and shipbuilding group Kvaerner Plc received excessive subsidies from Germany.
Carnival, Star Team Up To Buy NCL
Carnival Corp. and Malaysia's Star Cruises surprisingly joined forces in a battle to buy Norwegian cruise firm NCL Holding. The two companies dropped a bidding war…
