NY/NJ Port Authority To Vote On $3.9B Budget
Board members of the Port Authority of New York and New Jersey are reportedly scheduled to vote on a $3.9 billion budget. The agenda includes reelection of top officers…
Mitsui O.S.K. Orders Five Containerships
Japan's Mitsui O.S.K. Lines Ltd. (MOL) has ordered three 6,000-TEU containerships from Ishikawajima-Harima Heavy Industries Co. (IHI). Both companies declined to comment on the contract terms…
OceanConnect, Clarksons Join Forces
Online marine fuel supplier OceanConnect on Wednesday signed a strategic alliance with ship broking group Horace Clarkson Plc. Clarksons, the world's biggest shipbroking…
Westbound Tanker Markets Strengthening
Westbound tanker markets from the Middle East are strengthening while eastern charterers take a break, brokers said. Mideast-U.S. Gulf rates are running at about…
Bulker Gets Bow Repairs In Toledo
The U.S.-flagged bulker J.A.W. Iglehart is tied up in front of the shipyard dry-docks in Toledo, Ohio, undergoing bow repairs caused by a recent grounding in Detroit.
OPEC Production Up 773K/bpd
OPEC oil production looks likely to rise by 773,000 barrels a day in April including 225,000 bpd from Iraq, a leading tanker tracker told clients on Wednesday. Petrologistics…
Transocean Sedco Forex Inc. Reports First Quarter 2000 Results
Transocean Sedco Forex Inc announced that net income for the three months ended March 31, 2000 was $32.5 million on revenues of $300.8 million. The results include a cash settlement of $25.1 million…
COSCO Launches New Shipping Service
China Ocean Shipping Corporation (COSCO) Container Lines has launched a weekly shipping service from Shanghai to Japan and the U.S. east coast. Operated jointly by COSCO…
Romanian Yard To Cut Losses Ahead Of Sell-off
State-run Romanian Black Sea shipyard Santierul Naval Constanta expects to cut losses this year and to upgrade facilities to make it more attractive ahead of its sell-off, an official said.
EU Extends Shipping Consortia Competition Waver
The European Commission extended for five years a block exemption allowing shipping companies to form consortia covering the transport of cargo. The Commission said…
French Parcel Bomb Could Be Linked To Erika Spill
French police found a parcel bomb near an Elf motorway service station last week, and a government official said it could have been meant as a protest against the oil spill from the tanker Erika.
Alaska Lawmakers Mull Cruise Passenger Fee
Cruise companies would pay a fee of $50 for each passenger sailing Alaskan waters under a bill being considered by the state legislature. The bill, which passed…
France Wants Black Boxes For Tankers
Searching for ways to avoid oil spills, France has proposed installing a "black box" on tanker ships to track what they are carrying and whether they empty their bilges illegally on the high seas.
Royal Caribbean's First Quarter Net Rises 17 Percent
Royal Caribbean Cruises Ltd., a leading cruise ship company, on Monday reported a 17 percent rise in first-quarter net income. The company posted a net income of $105.5 million for the first quarter.
Kirby 1Q Net Flies High
Kirby Corporation – which operates 774 inland tank barges, with 14.0 million barrels of capacity, and 229 towing vessels -- reported net earnings for the 2000 first quarter of $6…
U.K. Government Pressured To Award Locally
Trade and Industry Secretary Stephen Byers last Thursday promised the government would give "fullest consideration" to Govan shipyard's bid for a defense contract for roll-on roll-off ferries.
Defense Companies Rebound
Defense companies, which have suffered mightily on the stock markets of late, took a sharp upturn, led by General Dynamics Corp., which posted strong earnings last…
Dutch Company To Build Harbor
Dutch construction group Ballast Nedam won a $63.83 million contract to build a harbor in the Gaza area. The construction will be financed by the Dutch and the French government…
Erika To Be Emptied
TotalFinaElf picked Coflexip Stena Offshore and Stolt Offshore to pump oil from the tanker Erika, which sank off France's Atlantic coast. TotalFinaElf, which has…
RINA Strikes 22 Ships From Register
RINA, the Italian shipping standards body, which has taken enormous heat for passing as seaworthy the tanker Erika which broke up off France, has struck 22 ships off its books.
