Litton Marine To Supply For Car Carriers
Litton Marine has been tapped to supply navigation, communication, control and stabilization systems for a trio of new car carriers under construction in Japan.
Tidewater To Purchase Platform Supply Vessel
Tidewater has signed a letter of intent to purchase M/V Ace Navigator from the Sanko Steamship Co. of Tokyo, Japan for $22.5 million. Constructed in October 1999…
Malta Drydocks: Johnson Out, Seeking New CEO
Malta Drydocks has issued an international call for applicants for a new chief executive after dismissing the British incumbent a year before his contract expires.
P&O Raises Cash For Cruise Ships
P&O has raised $650 million in financing for two new cruise ships to be built by French shipyard Chantiers de l'Atlantique, lead banker SG said. The two new vessels…
Cargill To Ship Low Sulfur Cargo From SE Asia
Cargill Inc is reportedly in the process of shipping the first low-sulfur gas oil or diesel cargo from Southeast Asia to Europe. Reports say the company had chartered a tanker called the Young Lady…
ING Barings Raises Rating On 4 Shipping Companies
ING Barings raised its ratings on four shipping companies to strong buy from buy. Analyst Stephen Gengaro raised his ratings on shares of Frontline Ltd. to a strong…
P&O Nedlloyd To Buy Farrell Lines
It is reported that P&O Nedlloyd reached an agreement to buy U.S. Farrell Lines Inc for an undisclosed sum. No timing was set for the purchase, which is subject to approval by the U.S.
Bureau Veritas In E-Commerce Push
Bureau Veritas officials said a group-wide move into e-commerce is expected to underpin a projected nine percent growth in revenues and 15 percent growth in profits for 2000.
Nigeria Sees Future In Deep Offshore Fields
Nigeria's deep offshore fields showed more promise for oil finds than fields closer to shore, a senior Nigerian official said. Of the 18 wells drilled recently in Nigerian waters less than 1…
Bocimar, Investor Offer To Buy Out Wah Kwong
Bocimar Far East Holdings, along with a shareholder of Wah Kwong Shipping Holdings Ltd., have offered to buy out the Hong Kong shipping group, which has been suspended…
Hornbeck-Leevac Announces Expansion Of OSV Fleet
Hornbeck-Leevac Marine Services, Inc. has announced that its wholly owned subsidiary, Hornbeck Offshore Services, Inc., has begun a new vessel construction program…
Thomson-CSF Eyes Vosper
French defense group Thomson-CSF plans to bid for British warship builder Vosper Thorneycroft, which in turn is preparing a bid for U.K.-based Hunting Engineering, according to press reports.
Businessman To Discuss Titanic Replica
South African businessman Sarel Gous is expected to visit Belfast next week to discuss plans to build a replica of the Titanic and launch it as a commercial cruise liner.
Collision Causes Oil Spill Near Panama Canal
Two ships collided on the Atlantic approach to the Panama Canal June 1, spilling an "undetermined" quantity of bunker oil, the waterway's administrators said. The…
GoCargo.com Establishes 24-Hour Global Trading Floor
its online B2B exchange has reached 6,000, consisting of approximately 5,000 shippers (exporters/importers) and approximately 1,000 service providers (carriers and intermediaries).
e4marine Offers A Free And Open Web Solution
e4marine is a web/EDI B2B solution that relies on the strengths of not only its technical merit but the key strengths of the founding partners Unitor ASA, Visma AS and Umoe ASA.
Visma Marine: Opportunities Abound For Maritime Markets
The shipping industry has long been criticized for being slow to adapt to new technologies and taking a reactive approach to market trends. But after several years of stagnant growth…
Houston Ship Channel Reopens
The U.S. Coast Guard was expected to reopen the Houston Ship Channel June 1 after salvagers succeeded in raising a sunken tug boat. A mile-long stretch of the channel…
'Little Ships' Sail To Denmark
A fleet of "Little Ships" left the famous white cliffs of Dover behind them and set off across the Channel on Friday to mark the 1940 Dunkirk evacuation of 340,000 Allied soldiers from France.
P&O Sinks On Bearish Cruise Outlook
Shares in British shipping company P&O sank on Friday after the group warned that additional capacity and a competitive U.S. market would hit revenue yields for its cruise sector…
