Minoan Ferry Sinking Cited as Worst Maritime Disaster in 35 Years
Rescuers pulled bodies from the Aegean sea on Wednesday as the death toll from Greece's worst maritime disaster in 35 years climbed to at least 62. The ferry Express…
Globalstar To Receive Additional Financing
Satellite telecommunications firm Globalstar Telecommunications said on Monday that five of its founding partners will provide the company with further equity financing.
Teekay Wins FSO Job For Legendre
Teekay Shipping's Australian subsidiary, Karratha Spirit, has been granted a contract by Woodside Energy to supply a floating storage and offtake (FSO) tanker to…
Aida To Give P&O A Boost
Shipping company P&O, reporting its first-half results, said on Tuesday it was to boost its presence in the German cruise sector by buying the remaining 49 percent…
Litton Granted Engineering Support Contract
The U.S. Navy has awarded Litton Industries a five-year contract, valued at as much as $311 million, to its Ingalls Shipbuilding unit to provide engineering and technical services support.
RMS Carpathia's Wreckage Confirmed Off Irish Coast
A U.S. expedition confirmed that it has located the wreck of RMS Carpathia, the ship that rescued 705 survivors from the Titanic and that was later torpedoed by a German U boat.
Sri Lankan Navy Intercepts Rebel Boats
Sri Lankan forces sank two suspected Tamil Tiger rebel boats off the northeast coast on Saturday, the navy said. A flotilla of rebel attack boats including a suicide…
Russian Research Vessel Looks For Answers In Kursk Saga
A Russian research vessel was on its way to the site where Russia's nuclear submarine Kursk sank last month to investigate the extent of the damage, naval officials were quoted as saying on Saturday.
U.S. Coast Guard Unveils Safe Ship Incentive Program
Reductions in Port State Control Examinations and streamlined inspection procedures are among the rewards that await the owners of non-U.S. registered commercial vessels that call on U.S.
Crude Prices Down Six Percent
Oil prices fell more than $1 on Monday, knocked back by the United States' decision to tap into strategic reserves to bring a halt to this year's price rally and…
Aker Maritime To Forego Kvaerner General Assembly
Norwegian oil and gas services group Aker Maritime said on Monday that it would not attend Kvaerner extraordinary general assembly on September 29. Aker Maritime…
NOL Profits Are Up Sharply
Shipping and logistics group Neptune Orient Lines (NOL) reported sharply higher interim net profit that met market expectations, helped by higher freight rates and lower interest expenses.
Boats Head Home After Erika Clean Up Closes Down
Ships sent to pump out oil trapped in the holds of the wrecked tanker Erika, which sank off France's northwest coast last December, have completed their task, French oil giant TotalFinaElf said.
Maritime Applied Physics Awarded Concept Design Contract
Maritime Applied Physics Corporation has been awarded a U.S. Navy contract for a concept design study of a 2,200-ton prototype minesweeper. The contract is under…
Carnival Corp. Net Income Drops
Carnival Corporation reported net income of $396.2 million ($0.67 Diluted EPS) on revenues of $1.23 billion for its third quarter ended August 31, 2000, compared…
Evergreen, Yang Ming Downgraded
U.S. investment bank Salomon Smith Barney downgraded Taiwan's Evergreen Marine Corp. to underperform from neutral and Yang Ming Marine Transport Corp. to underperform from outperform.
Kirby Corp. Profits Disappoint
Barge operator Kirby Corp. said its third-quarter profit would miss Wall Street expectations by about 10 percent because of a fall off in refined petroleum shipments and higher fuel prices.
mespas.com Seeks To Revolutionize Engine Spares Buying
The Swiss company B2B Netservice Ltd. is now offering a business-to-business Internet platform using reverse auction techniques. Planned for unveiling in Hamburg and ready for operation on November 1…
mespas.com Seeks To Revolutionize Engine Spares Buying
The Swiss company B2B Netservice Ltd. is now offering a business-to-business Internet platform using reverse auction techniques. Planned for unveiling in Hamburg and ready for operation on November 1…
IACS calls for co-operation to encourage quality shipping
Excessive inspections and a growing number of regulations are doing little to improve safety at sea, according to Robin Bradley of IACS. Speaking on the first day…
