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…
SSY Indicies Rise
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 97 points in the week ending Monday to 5,572. Its Atlantic Capesize Index rose 59 points in the week ending Monday to 5,759.
Erika Oil Washing Ashore Again
Oil believed to have seeped from the tanker Erika is washing ashore again 10 months after it sank off Brittany, officials said. They said that volunteers cleaning…
Big Oil Profits Expected To Fly High
The near record oil prices have left U.S. oil majors as the envy of industry during the third quarter reporting period, according to many industry analysts. about…
LMS, Tokimec Announce Alliance
Litton Marine Systems and Tokimec announced a strategic alliance for development, marketing, sales and service of marine equipment. Under the alliance, the two companies…
OSI Validation Vastly Expands Markets
Offshore Systems International Ltd. - a leader in electronic charts and positioning systems for the maritime industry -- announced that Offshore's Electronic Chart…
Moves at ExxonMobil Marine Fuels International Team
ExxonMobil Marine Fuels (EMMF) has appointed Ahmed Zaki and Boris Nigbur to its international team based in Leatherhead, near London in the U.K. Ahmed joins from ExxonMobil's local affiliate in Egypt…
LMS, Tokimec Announce Alliance
Litton Marine Systems and Tokimec announced a strategic alliance for development, marketing, sales and service of marine equipment. Under the alliance, the two companies…
Derecktor Delivers Pilot Boat To Sandy Hook
The New York and New Jersey Sandy Hook Pilots took delivery of America, the first of their new 53-ft. Pilot Boats built by Derecktor Shipyards in Mamaroneck, NY.
Keppel Wins $17M Contract
Keppel Shipyard, a member of the Keppel Hitachi Zosen Group, won a $17 million contract from Blue Ice Shipping Corporation to convert a container vessel into a livestock carrier.
GOM Offshore Rig Utilization Unchanged
The number of offshore rigs drilling in the U.S. Gulf of Mexico remained the same during the week ended September 29, according to Offshore Data Services (ODS).
Royal Olympic Announces Six-Month Results
Royal Olympic Cruise Lines Inc. reported a net loss for the first six months of the fiscal year 2000 of $10.2 million, an improvement of $2.3 million or 18.4 percent…
Greece To Retire Old Ferries
The Greek cabinet, meeting after a shipping disaster in which at least 79 people died, drew up a plan to withdraw some 105 aging vessels from the island ferry business by 2006.
UAE To Launch Second Ferry Service to Iraq
The United Arab Emirates (UAE) plans to launch a second passenger ferry service to sanctions-hit Iraq soon in a sign of growing ties between the two Arab countries.
Greece To Liberalize Shipping By 2002
Greek Prime Minister Costas Simitis said on Wednesday that island shipping would be liberalized by 2002, two years ahead of schedule as a result of last week's sinking of ferry Express Samina.
French Carrier De Gaulle Docks At Port Of Toulon
France's nuclear-powered aircraft carrier Charles de Gaulle docked for the first time at its permanent base, the Mediterranean port of Toulon, on Wednesday. Three…
Tropical Storm Keith Forces Key Oil Ports To Close
Two of Mexico's key oil export ports were shut down on Wednesday as tropical depression Keith whipped up winds and waves in the Gulf of Mexico, though the effects…
Vietsovpetro To Operate New Tanker
The Vietnam-Russia oil and gas joint venture, Vietsovpetro, plans to operate a new tanker from next week, bringing their crude transportation fleet to four, officials said.
