Analysts Say Planned Ban Could Put Oil Supply At Risk
European plans drawn up in the wake of the Erika accident to crack down on aging tankers could endanger shippers' ability to supply oil to the continent, shipping analysts said.
Offshore Market Begins To Rumble
U.S. oil drillers expect weaker or flat first quarter earnings but see revenues picking up later in the year as recent high oil prices trickle down to the service sector.
Shipbuilders Discuss Gameplan
Shipbuilding leaders convened in Washington D.C. last week to discuss the means and methods to propel the U.S. Shipbuilding market at the dawn of the new millennium. By Regina P.
Online Bulk Shipping Exchange Will Transform Market
An online shipping exchange being set up by two of the world's biggest oil firms, a leading agrifood multinational and top shipbroker will transform the way traditional shipping markets work…
LNG Starts Flowing From Oman
Oman began loading liquefied natural gas (LNG) onto a ship last Thursday for its first exports of the gas. "It is being loaded as we speak, and it is expected to be shipped tomorrow morning…
East Germany Shipyards Seek Quota Break
The prime minister of the German state of Mecklenburg-Western Pomerania asked the European Commission to ease capacity limits imposed on eastern German shipyards…
Hazardous Waste Ship Sparks Protest
Canada's refusal to accept a hazardous waste shipment from a U.S. military base in Japan left U.S. authorities scrambling to find at least a temporary home for the…
Engineers Die During Routine Inspection
Two Royal Engineers were killed and a third injured in an accident during a routine inspection of a coal ship in Northern Ireland. They said there was no indication…
Gdynia Refuses To Quit
Leading Polish shipyard Gdynia has not given up hope of buying a stake in Finnish shipbuilder Masa-Yards, even though Kvaerner has put off the sale. Gdynia Chief…
Kvaerner Drops Plan To Dump Finnish Yards
Kvaerner ASA has postponed a planned sale of its Masa-Yards Finnish shipbuilding unit in a new setback to its goal of exiting shipbuilding. Kvaerner said it had…
Offshore Comeback At Hand
U.S. oil drillers expect weaker or flat first quarter earnings but see revenues picking up later in the year as recent high oil prices trickle down to the service sector.
Stelmar Eyes Cyprus Bourse
Tanker firm Stelmar Marine Holdings Ltd. officially applied on Wednesday for listing on the Cyprus Stock Exchange. The company was established in 1992 by Greek Cypriot…
Friede Goldman Halter Finalizes $40 Million In New Contracts
Friede Goldman Halter, Inc. announced that it has recently finalized six new contracts with a total value of approximately $40 million. · The Venezuelan government…
Caterpillar Buys Marine Engine Company
Heavy equipment maker Caterpillar Inc. bought closely held Sabre Engines Ltd., a U.K.-based company that specializes in high-performance marine diesel engines. Terms of the deal were not released.
Online Bulk Shipping Exchange Will Transform Market
An online shipping exchange being set up by two of the world's biggest oil firms, a leading agrifood multinational and top shipbroker will transform the way traditional shipping markets work…
Luka, Intereuropa Call Off Merger
Slovenian shipping firm Intereuropa and port operator Luka Koper canceled a planned merger because the government demanded the right to veto any management decisions in the new firm.
Danzas Gets Stake In Finnish Logistics Group
Deutsche Post unit Danzas AG has acquired a 49 percent stake in Finnish logistics group Kelpo Keljetus Fi Oy, a wholly owned subsidiary of Finland Post Ltd., Danzas officials said.
Romanian Exchange To Auction Ship
Romania's Maritime and Commodities Exchange (BMMMC), in the Black Sea port city of Constanta, will hold an auction to sell a 2,600 dwt ship this month. The auction…
Finnish Company Exits Masa-Yards Negotiations
The Finnish group bidding for Kvaerner's Masa-Yards shipyards has decided to halt negotiations on the sale, due Carnival Corp.'s decision not to take part in the bid.
CP Ships To Acquire Christensen Canadian African Line
CP Ships has reached agreement with Thor Dahl Shipping AS of Norway to acquire Christensen Canadian African Line (CCAL). The transaction is expected to be completed by the end of April.
