Tampa Bay Shipbuilding Elects New CEO
Tampa Bay Shipbuilding & Repair Company announced the appointment of Walter J. Hartley Jr. (Joe) to the position of president and CEO. A native of Jacksonville, Fla.…
Transas Forms New Hydrographic Team
A new team has been elected to focus on Hydrographic Office (HO) Issues on behalf of TM Ltd. Headed by Vladimir Vaigachev, who is also responsible for all in-house…
Bahrain, Iran Sea Link Examined
A team of businessmen and shipping officials from Bahrain plans to visit Iran to examine the possibility of launching a sea link between the two states, Bahrain's commerce minister said.
Submarines As Ore Carriers?
Russia'sNorilsk Nickel - a big metal producer -- has finished a feasibility study of a project to use nuclear submarines for ore shipments, which once started will cost $80 million…
Fincantieri Posts $226M Loss
Italy's Fincantieri posted a 458 billion lire ($226.7 million) loss in 1999, but said the picture looked healthier in the first months of this year due mainly to greater efficiency.
Illegal Ferry Ops Again Equals Disaster
At least 56 people, many of them children, drowned and scores are feared missing after an overcrowded boat capsized off Jolo island in the southern Philippines, officials said last Thursday.
Mannesmann Board Appoints Top Execs.
The Board of Directors of Mannesman Rexroth Corp. has elected five executive vice presidents, furthering the company's new "Combined Strengths Strategy." Established in 1999…
P&O To Pull Hong Kong Listing
Peninsular and Oriental Steam Navigation Co. decided to withdraw the secondary listing of its deferred stock from the Stock Exchange of Hong Kong at the close of May 8.
Norne Feels Stays Shut Longer Than Expected
Statoil said that scheduled maintenance closure at the North Sea Norne oilfield would run a few days longer than expected. Norne, which shut down for one week on April 4…
BDI Down Slightly
The Baltic Dry Index (BDI) was down 3 points on Wednesday to 1,681, Panamax up 3 to 1,516, Capesize down 15 to 2,354 and the Handy up 3 to 1,184 points. Softer rates…
Leif Hoegh Profits Expected To Rise
Norwegian shipping group Leif Hoegh & Co. last Wednesday forecast continued gains in operating profits in 2000 after a leap in the first quarter. Operating profits…
$475M Ferry Deal Eagerly Awaited
British Prime Minister Tony Blair said his government will take the needs of domestic shipbuilders into account when it awards a $475.1 million contract for naval ferries.
Tampa Bay Shipbuilding Elects New President
Tampa Bay Shipbuilding & Repair Company announced the appointment of Mr. Walter J. Hartley Jr. (Joe) to the position of President and CEO. A native of Jacksonville…
Portuguese Dredger Sold
Dutch Koninklijke Boskalis Westminster NV bought fellow dredger Dragapor from the Portuguese government. The unit, which was put up for sale in December, will be…
Maltese PM Visits Libya
Maltese Prime Minister Eddie Fenech Adami left last week for a two-day visit to Libya expected to focus on oil and shipping. Government sources said talks with Libyan…
Yang Ming Profit Hits $55M
Taiwan's second largest shipping firm Yang Ming Marine said on Tuesday its net profit in 1999 reached T$1.675 billion ($55.3 million) The company's 1999 sales totaled T$45.168 billion ($1.5 billion)…
Capesize Rates Ease
Easier conditions were seen for Capesizes in the Atlantic sector of the dry cargo freight market, brokers said last week. Some brokers believed that the gap between…
EU, S. Korea Agree On Subsidies
The European Union and South Korea said last week that they had reached an agreement aimed at allaying European concerns that South Korean shipyards charged unfairly low prices.
Chilean Navy Rescues Ailing French Rower
The Chilean Navy picked up French rower Jo Le Guen from a British container ship after he abandoned his bid to cross the southern Pacific Ocean because of illness, the navy said.
French Politician Vows To Sue TotalFina Over Erika Mishap
Philippe de Villiers, deputy head of France's RPF dissident Gaullist party, has vowed to sue oil company TotalFina for polluting the French coastline after its chartered…
