Tanker Captain Charged In San Francisco
The captain of an oil tanker that arrived in the San Francisco Bay with safety violations, including risky oil leaks, was charged on with falsifying documents and lying to Coast Guard inspectors.
Aker Maritime Gets Contract
Norsk Hydro awarded a $108 million contract to Aker Maritime for construction of an oil drilling module. Aker will build the 5,500 ton module for the Grane North Sea oil platform.
Daewoo To Split Into Three Units
South Korea's Daewoo Heavy Industries Co apparently plans to split into three units on October 23, pending an approval from its board of directors. It's unknown…
Shipping Company Secures Loan For 7 Ships
Ukraine's largest shipping company Ukrrichflot will reportedly get a $17.12 million loan from the European Bank for Reconstruction and Development to build seven new ships.
Royal Caribbean Leads Oslo In September
Following the record month of August, the All Share Index in Oslo fell by 3.7% in September. The index for Cruise, Shipping and Offshore stocks (the Shipping index) fared slightly better…
