NKK, Hitachi Zosen Consider Shipbuilding Merger
NKK Corp., a major Japanese steelmaker and shipbuilder, and Hitachi Zosen Corp., another major Japanese shipbuilder, will study the feasibility of cooperating in…
Tanker Stopped After Leaking Oil
An oil tanker owned by Exxon Mobil subsidiary SeaRiver Maritime was ordered back to Valdez on May 22 after developing a leak, the operator of the trans-Alaska oil pipeline said.
Denmark Shipping Industry Eyes Brighter Days
Denmark's shipping industry looks set for better times thanks to the economic recovery in Asia and the strengthening dollar, the Danish Shipowners' Association said.
Star To Raise Funds Via Shares Issue
Malaysia's Star Cruises said it was seeking to issue 200 million new shares to finance its acquisition of the Norwegian shipping group NCL Holding ASA. The issue of new shares…
Taiwan To Evaluate China Trade Policy
Chen, inaugurated in the island's first democratic transfer of power, added that his speech was a statement of his broader vision for the wealthy, democratic island.
Unocal GOM Field Proceeding Quickly
Unocal Corp. said development work is going faster than expected on the Muni field in the Gulf of Mexico where appraisal drilling found additional secondary natural gas pay zones.
Romanian CG Fires On Fishing Vessel
Romanian coastguard vessels opened fire on a Turkish boat fishing illegally in Romanian waters when it tried to ram them, Reuters reported. The private television…
Tank Barge Measure To Enter Force
The first phases of a USCG final rule implementing measures for maintaining or regaining control of a tank barge that will reduce the likelihood of a tank barge's…
Petrobras 36 Starts Production
Record breaking Petrobras-36 began production on May 15th. Petrobras 36 is now the worlds largest semi-submersible floating production facility at 56,500 tons as…
P&O And Festival To Team Up
The Peninsular and Oriental Steam Navigation Co. (P&O) and Festival Cruises have agreed, subject to contract, to join together in the expansion of the global cruise business.
KPN And Telstra Form Joint Venture
KPN (Royal Dutch Telecom) and Telstra have agreed to form a joint venture company by merging their respective mobile satellite communications businesses. The new company…
Mobex Purchases Watercom From ACL
Mobex Communications has entered into an agreement with American Commercial Lines (ACL) for its subsidiary Waterway Communications System LLC (Watercom), which is…
MTN Completes Purchase Agreement
Maritime Telecommunications Network (MTN), a subsidiary of ATC Teleports, has finalized a definitive Asset Purchase Agreement to attain specific assets of CruisePhone for approximately $1 million.
Investor Group To Acquire Aalborg Industries
Headed by Axcel, an investor group has formalized an agreement with the Danish company J. Lauritzen Holding to attain Aalborg Industries. Aalborg, which is one of…
Swift Ships Completes Candy Fleet
Two pairs of Hamilton HM651 jets with 25-in. impellers are being installed on two 170 x 30 ft. (51.8 x 9.1 m) hulls being built for the Candy fleet at Swift Ships Morgan City shipyard.
GE Marine Engines To Supply For Corsaire
GE Marine Engines is set to supply Motoren- und Turbinen-Union (MTU), Friedrichshafen, Germany with a pair of GE LM2500+ aeroderivative gas turbines. The units will…
NASSCO Lands $22 Million Conversion Contract
National Steel and Shipbuilding Company (NASSCO), was awarded a contract valued up to $22 million to finish off the second phase of a program to convert a U.S. Navy…
Horizon To Construct Z-Drive Tug
Horizon Shipbuilding formalized a contract with Dixie Towing, Jacksonville, Fla. for the construction of a 70 ft. (21.3 m) Z-drive tug. Designed exclusively for Dixie by Glowacki Engineering…
Wärtsilä Orders Surge Ahead
A dramatic increase in orders was experienced by Wärtsilä NSD Corp. for marine diesel engines in China during the first part of this year totaling more than $36.5 million.
SCI To Acquire Four Tankers
India's federal cabinet has approved state-run Shipping Corporation of India's proposal to acquire four Aframax tankers of 110,000 DWT each. The cabinet approval…
