Australian Company Mulls DHI Stake
South Korea's Daewoo Heavy Industries has received a letter of intent from Australia's New Castle Heavy Industry expressing interest in taking a stake in its shipbuilding unit.
API: U.S. Oil Stocks Are Down
U.S. oil supply worries found fresh impetus on Tuesday after the American Petroleum Institute said that both crude oil and product stocks had fallen again -- hard…
COSCO Intl. Holdings Gets Acquisitive
COSCO International Holdings Ltd is engaged in talks to acquire COSCO Network Ltd., a global transportation, logistics and communications network, from its parent…
Cammell Laird To Invest $10M In Varna Yard
Britain's Cammell Laird plans to invest between five and $10 million as part of a bail-out package for Bulgaria's indebted Varna Shipyard. "Investments are aimed at upgrading production capacity.
Rebels Prohibit Tanker From Loading In Bogata
Occidental Petroleum Corp. said it was unable to load an oil tanker waiting at Colombia's main lifting terminal at Covenas because of back-to-back rebel bomb attacks…
Bulker Under Tow
The Panamanian-flagged bulker Flame was taken in tow by a salvage tug on August 8, after suffering main engine failure in the mid-Atlantic on August 4. The 29,212…
Ehrnrooth To Retire
In announcing its first half results, Metra's - parent company of Wärtsilä NSD - President and CEO, Mr Georg Ehrnrooth, announced that he will retire from this position during this year.
Wärtsilä NSD Is Back On Track, Engine Orders Up 41%
Metra's - parent company of Wärtsilä NSD - reported that its 2Q net sales were $663.6 million, comparable growth 19%. comparable growth was $19.5 million. A driving force has been Wärtsilä NSD…
