Houston Ship Channel Re-opens
An evacuation alert was rescinded Wednesday afternoon for a one-mile ring around a Rohm and Haas Co. chemical plant near Houston after a dangerously overheated tank…
Strikes Stop Finnish Trade
Finnish exports and imports were almost at a standstill last week as a strike over a wage claim by transport workers supported by stevedores and seamen went into a second day.
French Ferry Holed
A French ferry was badly holed in France's Channel harbor of Calais after being hurled onto the jetty by high winds, owners Sea-France said. No-one was injured on…
EU Welcomes Tanker Rules Tightening
European Union transport ministers welcomed proposals to tighten safety rules for oil tankers in the wake of the disastrous Erika oil spill off France's Atlantic coast last year.
St. Lawrence Seaway Opens
The St. Lawrence Seaway has reopened with the first ship of the 2000 season passing through this week, the St. Lawrence Seaway Management Corp. said. "We're up and running…
Latvian Privatization Saga Continues
Stymied in its efforts to extract what it deems a reasonable market value, the Latvian government will decide on April 4 whether to proceed with the privatization…
OPEC Raises Output
OPEC has seemingly bowed to U.S. pressure for cheaper oil by agreeing to higher output limits, immediately agreeing to turn up the taps by 1.45 million barrels daily, or seven percent.
Finnlines Shares Plunge On Profit Warning
Shares in Finnish shipping company Finnlines plunged on Wednesday after it said 2000 profit would be worse than expected due to tough competition, higher oil prices and strikes hindering business.
Fincantieri To Build Ferry For SNCM
Italian shipbuilder Fincantieri has signed a contract with France's SNCM to build a 44,500 gt ferry to be used mainly on the Marseilles to North Africa routes. The new vessel will be 574 ft.
Hungary Sees Danube Cleared By Summer At Earliest
The debris blocking the Danube shipping route in Yugoslavia could be cleared away by the summer, but more likely not until November, a senior Hungarian foreign ministry official said.
St. Lawrence Seaway Opens For Shipping Season
The St. Lawrence Seaway, which connects the Canadian-U.S. Great Lakes system to the Atlantic ocean, has reopened with the first ship of the 2000 season passing through this week, according to the St.
McMoRan, Halliburton Form Alliance to Develop GOM Blocks
McMoRan Exploration Co. and Halliburton Company have announced the formation of a strategic alliance to conduct operations for McMoRan's recently announced major…
Litton, SeaAmerica Sign Agreement On Cruise Ship Program
Litton Ship Systems' Ingalls Shipbuilding division, has signed a Memorandum of Agreement (MOA) with SeaAmerica Cruise Lines, Inc. to develop a ship design leading…
Tanker Groups To Pool Vessel Marketing
Two major clean oil product tanker operators will reportedly form a vessel pool to market each other's ships on opposite sides of the world. Japan's NYK Line and International Product Tankers Ltd.
NOL Returns To Black, Sees Brighter 2000
Neptune Orient Lines (NOL) returned to the black in 1999 after suffering losses the previous two years, and top company officials said the shipping group expects to sustain its profits in 2000.
P&O, Carnival Shares Begin Recovery
Shares in shipping operator Peninsular & Oriental Steam Navigation Co. moved to full speed ahead on Thursday, tracking a recovery course by U.S. cruise giant Carnival Corp., analysts said.
Osprey Maritime Plans $70M Injection
Shipping group Osprey Maritime Ltd. plans a proposed $70 million injection of new equity together with a major restructuring, a company spokesperson reported. The…
Bergesen To Buy LNG Carrier From Daewoo
Bergesen D.Y. ASA plans to buy a liquefied natural gas (LNG) carrier from South Korea's Daewoo Heavy Industries Ltd. for approximately $150 million, company officials said.
Carnival Earnings Warning Triggers Sell-Off
If it's darkest before dawn, than it is nearly daybreak at Carnival Corp. The company's stock price has been severely punished since the beginning of the year for seemingly phantom reasons.
U.S. Continues To Pressure OPEC
Oil resumed its slide on Wednesday as Washington kept up pressure for a big OPEC output rise to prevent a politically-damaging U.S. gasoline shortage. International…
