MISC To Raise $600M To Buy Ships
Malaysia International Shipping Corp (MISC) will raise about $600 million in global bonds by mid-2001 to partly fund the purchase of four ships worth some $1 billion.
Danube Shippers Catch A Break
Put in financial peril because of NATO bombing against Serbia which literally blocked its source of business, Danube shippers and port operators received good news…
Frontline To Seek NYSE Listing
Norwegian tanker group Frontline said on Tuesday strong charter rates boosted nine-month pre-tax profits to a record and that it was considering seeking a listing on the New York Stock Exchange.
Tanker Repair Completed
A tanker carrying 500,000 barrels of gasoline, the Bear G, is expected to start a journey back to the New York Harbor November 10 after completing repairs to a leaky hold in a Canadian port…
Remote Minehunting System Passes Critical Test
Lockheed Martin Integrated Systems announced the successful completion of the first Critical Item Test (CIT) required for development and fielding of the AN/WLD-1(V)1 Remote Minehunting System.
Tanker Sinking Could Expedite New Ship Rules
As the International Maritime Organization grapples with the issue of the phasing in of safer tanker tonnage around the world, local political pressure in France…
Gas Tanker Repair Could Take Two Days
Repair work on a tanker carrying 500,000 barrels of gasoline which was last week denied entry into New York Harbor due to an internal leak, could take two days,…
Bulker Repaired
Repairs were completed on November 5 to the Canadian-flag bulker Algowood, damaged when it sank on June 2 at Bruce Mines, Ontario, Reuters reported. The 31,940 dwt…
BrightStar Gets $850M Navy Contract
Application service provider BrightStar Information Technology Group Inc on Monday said it was selected by Science & Engineering Associates Inc (SEA) as a subcontractor…
Litton To Sell Electronics Unit
Litton Industries Inc. plans to sell its defense electronics unit and focus on its shipbuilding, information security and telecommunications businesses. The Advanced Electronics unit…
Carnival Corp. Finalizes Contract For Cunard Line's Queen Mary 2
Carnival Corp. announced it has finalized a contract with France's Alstom Chantiers de l'Atlantique shipyard for the construction of the Queen Mary 2, a new 150…
North American Rig Count Drops 8
The number of rigs exploring for oil and natural gas in North America fell by eight during the week ending November 3, according to oil services firm Baker Hughes Inc.
Gas Carrier To Get Repairs At Sea
A tanker carrying 500,000 barrels of gasoline, denied access to the New York Harbor due to safety concerns, will make repairs to a leaky hold at sea before coming into port, the ship's manager said.
Hyundai Gets LNG Contract
Nigeria Liquefied Natural Gas (NLNG) said it had awarded a contract for the building of an LNG carrier to Hyundai Heavy Industries of Korea. The company said the…
Transocean Sedco Forex Reports Rig Damage
Transocean Sedco Forex Inc., the world's biggest offshore driller, said one of its rigs was damaged by a gas blowout while drilling a well offshore Indonesia for Australia's Santos Ltd.
CosPas-Sarsat To Cease Use Of 121.5 and 243 MHz In 2009
The U.S. Coast Guard recently announced that on February 1, 2009, the international CosPas-Sarsat System will terminate the satellite processing of distress signals…
Containership, Freighter Collide Off Of Japan
The Panamanian-flagged container vessel Ever Dainty was involved in a collision on Nov. 1 with the Panamanian-flagged freighter Apollo Delapan, south of Oshima, Japan, Reuters reported.
Stormy Seas Hamper Sunken Tanker Ops
High winds and stormy seas prevented French surveillance craft approaching the sunken Italian tanker Ievoli Sun to probe for pollution from its toxic cargo. A sonar…
FGH Delivers High Tech Vessel To Navy
Friede Goldman Halter (FGH) held the christening ceremony of USNS Impeccable on November 1 at its Pascagoula, MS shipyard. The vessel's mission will involve the collection…
Hong Kong, Netherlands Sign Tax Pact
The Hong Kong government said on Thursday, it and the Netherlands had signed an agreement to exempt ship owners in the two places from paying double tax. "The agreement…
