P&O To Delay ABS Stock Floatation
Peninsular & Oriental Steam Navigation Co. is indefinitely postponing the planned flotation of its Associated Bulk Carriers (ABC) unit because of stock market conditions.
Bergesen Takes Two More From Hitachi Zosen
Bergesen exercised an option to buy two more 296,000 dwt oil tankers from Japan's Hitachi Zosen Corp for a combined price of $140 million. "The vessels will be delivered in February and June 2002…
Ship Subsidy Agreement Hammered Out In Brussels
The European Commission and South Korea have signed an agreement aimed at allaying European concerns that South Korean shipyards charge unfairly low prices, the European Union's executive body said.
ALSTOM Supplies Electric Propulsion Systems Two New Cruise Ships
ALSTOM Power Conversion has been selected by Princess Cruises and Nagasaki Shipyard & Machinery Works, Mitsubishi Heavy Industries, Ltd. to supply electric propulsion…
E-Commerce Takes Maritime By Storm
In the last six months, the shipping industry has seen the marine B2B market grow from nothing into a highly competitive race between e-commerce ventures to attract…
Lunde To Leave Intertanko
INTERTANKO announced that. Dagfinn Lunde, the Association's Managing Director who has so fervently fought for the tanker industry for many years, will leave his post on September 15…
