Double Hull Tanker Delivered For Duty
Exxon Mobil Corporation announced that the M/T Hawk , a new double-hull very large crude oil carrier (9VLCC), was delivered for leasing to a Trust established by MARCARE Shipping Co.…
Carnival To Buy Remainder Of Costa Crociere
Carnival Corp., the world's biggest cruise operator, will buy the remaining half of Italian cruise operator Costa Crociere which it does not already own from British travel company Airtours Plc.
Meetings To Address Problem of Ships Hitting Whales
NOAA's National Marine Fisheries Service (NMFS) has scheduled four public meetings in September and October to discuss the problem of ships hitting endangered North Atlantic right whales.
Bath Iron Works Is On Strike
The U.S. Navy is keeping tabs on a strike over pay at General Dynamics' Bath Iron Works, producer of its most advanced surfaced combatant, but was steering clear…
AmNav Announces Innovative New Tug Series
AmNav Maritime Services of San Francisco, Calif., is set to take delivery of the first in a new series of technologically advanced 5,000 to 7,000 hp Azmuthing Stern…
Yang Ming Makes Exec Changes
Taiwan's second largest shipping firm, Yang Ming Marine Transport Corp. said its board decided to let chairman T.H. Chen serve concurrently as company president.
Vopak Shares Hit Low
Shares in Dutch shipping and tank storage firm Vopak fell to a two-month low in early trade on Friday on poor earnings, a weak outlook and disappointing merger synergies.
Container Vessel Sets Sail After Engine Fix
The Antigua and Barbuda-flag container vessel City of Tunis has sailed from Brest, France, after engine repairs. The 20,252-dwt vessel, bound for Felixstowe in the UK…
Coflexip Records Best Results Ever
Offshore oil equipment and services provider Coflexip set an all-time high on Thursday following a price target upgrade by a major broker and on bright prospects for North Sea contracts.
H&W Decision To Come Soon
Norwegian offshore group Fred Olsen Energy said it aimed to resolve next week the fate of its Northern Irish Harland shipyard, famed for building the ill-fated Titanic.
Imtech Wins $141M in Orders
Transport, engineering and trading company Internatio-Mueller NV said on Thursday its Imtech division had won orders from three shipyards worth a total of 345 million guilders ($141.6 million).
A.P. Moeller Profits Fly Orange
A.P. Moeller, operator of the world's leading container line and a big oil producer, posted sharply higher first-half profits on Thursday and said full year profits would improve considerably on 1999.
Petroleos: Oil Output Is Fine
The president of Venezuelan state oil giant Petroleos de Venezuela (PDVSA) insisted he did not see any need for OPEC member countries to raise output to cool sizzling oil prices.
Maritime Stocks Move Up
The Shipping Index at the Oslo Stock Exchange performed well in the quite summer month of July, rising 2.7 percent, and thus again lifting the maritime sector of shipping…
Latest GOM Lease Sale Draws More Bids
Oil and gas companies, enjoying increased cashflow as a result of strong energy prices, submitted a higher number of bids in the latest Western Gulf of Mexico lease sale, the U.S.
Tankers Stop Drifting Runaway Rig
Two tankers were able to stop the drilling rig Roger W. Mowell, leased by Malaysia's Petronas and Vietnam's Oil and Gas Exploration and Exploitation Co., which had…
Kvaerner To Build Cruise Ship For Carnival
Carnival Corporation contracted with Finland's Kvaerner Masa-Yards for the construction of a new 86,000-ton cruise ship for its Carnival Cruise Lines unit. The 2…
Kursk Lifting Unlikely Before Mid-2001
Any operation to lift Russia's sunken Kursk submarine will take months of planning and so is unlikely until summer 2001, Stolt Offshore officials said. Stolt's Norwegian…
Friede Goldman Halter Withdraws Junk Bond Sale
Friede Goldman Halter Inc. has shelved a junk bond sale expected to total $150 million because it wouldn't pay the high yields investors demanded. The company said…
Divers Begin Investigation of Estonia Wreck
Brushing aside complaints from Nordic states that declared it a burial site, U.S.-led divers last week began investigating the wreck of the ferry Estonia, which…
