20 Mar 2000
Minoan Lines To Propose Three-For-One Issue
Greek passenger shipping firm Minoan Lines' board will propose a one-for-three bonus share issue to shareholders at its upcoming annual general assembly. The bonus…
20 Mar 2000
Kvaerner Sells Russian Shipyard Stake
Kvaerner has agreed to sell its 75.6 percent stake in Russian shipyard Kvaerner Vyborg Shipyard JSC, to Russia's Zao Ako Barss for an undisclosed price. Kvaerner officials said that the sale…
20 Mar 2000
China Finances $370M Shipbuilding Deal With Iran
The Export-Import Bank of China has agreed to lend $370 million to two state-owned conglomerates contracted to build five oil ships for Iran. The deal marks the largest loan yet by the Eximbank…
20 Mar 2000
Carnival Ratings Cut
Deutsche Bank Alex Brown, Salomon Smith Barney and Credit Suisse First Boston have all cut their ratings for top cruise group Carnival Corp. Deutsche Bank Alex Brown…
