Kvaerner Says It Won't Raise Takeover Bid
Anglo-Norwegian industry group Kvaerner said on Friday that it would not raise or extend its $725 million takeover bid for oil and gas services firm Aker Maritime…
Militants Release Royal Dutch/Shell Hostages
Royal Dutch/Shell said on Friday that 12 of its Nigerian oil workers abducted by militants in the Niger Delta have been released. A spokesman for Shell said he had…
Business As Usual At Manila Container Terminal
Operations resumed at the Manila International Container Terminal after striking workers cleared barricades preventing entry to the port, a senior Philippine official said.
Cargo Ships Collide Off Baltic Coast
Two cargo ships collided on Friday off Sweden's Baltic coast near the southern town of Karlskrona, a coastguard spokesman said. The larger ship was about 328 ft.
Greek Ferry Crew Blames Sinking On Bad Weather
The crew of Greek ferry Express Samina that sank killing 72 people blamed the disaster on bad weather, saying the ship would not obey commands. "The weather threw me on the rocks…
Minoan Stock Continues To Fall
Shares in Greek ferry operator Minoan Lines slipped again on the Athens Stock Exchange on Thursday following the sinking of the Express Samina ferry belonging to its subsidiary Minoan Flying Dolphins.
Violence Erupts At Manila Container Port Strike
One worker was killed in a violent strike that forced a major international container port in Manila to halt operations on Thursday. "One of our workers was stabbed in the neck and died…
Royal Dutch/Shell Workers Held Hostage In Nigeria
It was reported that militant youths in Nigeria's Niger Delta are holding 12 Royal Dutch/Shell workers hostage, to press for compensation for an oil spill in their area.
Trico Marine Rated As Strong Buy
Deutsche Banc Alex.Brown said on Thursday that it had started coverage of Trico Marine Services Inc., an energy services provider, with a strong buy rating and a $20-a-share price target.
B.V. Holding Purchases 78 Percent Stake in Okean
Dutch B.V. Holding Maatschappij Damen has bought 78 percent of Ukraine's ship building plant Okean and will pay 26.3 million hryvnias ($4.8 million) for the stake…
Minoan Ferry Captain, Crew Indicted
The captain and four crewmen from the Greek ferry that sank off Paros with more than 500 passengers aboard were moved to another island to be formally charged with manslaughter, eyewitnesses said.
Crew of Sunken Minoan Ferry to be Charged With Manslaughter
Greece launched manslaughter proceedings today, Thursday, September 28, against five members of the crew of the ferry Express Samina and pledged harsh punishment…
Greek Authorities Continue to Mull Cause of Ferry Disaster
Greek investigators are still struggling to shed light on why a passenger ferry hit rocks and sank, killing at least 63 people in the country's worst sea tragedy for 35 years.
Heavy Winds, High Waves Close Mexican Ports
Mexico's Pajaritos oil export terminal and Dos Bocas port, which also handles oil tankers, were both closed to shipping, the Transport Ministry said in a routine report.
IEA To Hold Emergency Board Meeting
The International Energy Agency (IEA), plans to call an emergency meeting of its governing board on October 4 to discuss the global oil situation, an official said.
Bahrain Releases Detained Ferry
Bahrain on Wednesday released a ferry carrying 150 people from Iraq to Dubai it had briefly detained after a passenger was accused of killing the ship's chief purser in an argument, officials said.
Hutchison Buy Follows Maersk Deal
Hutchison Port, a unit of conglomerate Hutchison announced earlier on Wednesday a 30 percent investment in Westport Holdings, a multi-purpose terminal in Malaysia's biggest port, Port Klang.
Oslo Bourse Releases Halt On Aker Maritime
The Oslo bourse ended an automatic matching halt of shares in oil and gas services firm Aker Maritime on Tuesday after an investigation of a 13.4 percent rise in the share price.
Poland's Stocznia Gdynia Yard To Offer IPOs
Poland's biggest shipyard Stocznia Gdynia plans to list on the Warsaw and London exchanges next June and invest its IPO proceeds in further development, a company official said on Wednesday.
Ferry Accident Blamed For Minoan's Plummeting Stock Price
Shares of ferry operator Minoan Lines fell around 11 percent in late session trade on the Athens stock exchange on Wednesday, near the bourse's 12 percent limit down…
