Molasses Ship Splits, Sinks
A ship carrying molasses from India to Amsterdam split in two and sank in high seas off Spain's northwest coast, drowning three crew members and leaving eight missing.
RINA confirms Kristal class status
Italian classification society RINA says the 31,351 dwt tanker Kristal, which sank about 68 miles North of La Corunna off northern Spain in heavy weather yesterday…
Moody's Rates Proposed Costa Notes
S.A. that are unconditionally guaranteed by Carnival Corporation. Moody's also confirmed Carnival's A2 and Prime-1 ratings. The rating confirmation reflects Carnival's…
Minoan Profits Fall 82 Percent
Greek ferry operator Minoan Lines said profit in 2000 fell 82 percent to 3.0 billion drachmas versus 16.8 billion in 1999. "The difference in the level of net profit…
USCG Issues Upper Mississippi Safety Advisory
The U.S. Coast Guard has issued a safety advisory for a 24-mile stretch of the upper-Mississippi River near St. Louis due to high water conditions. From mile marker 160…
Mediterranean Shipping Co. Announces Appointments
Mediterranean Shipping Company (USA) Inc. (MSC) has announced the following staff promotions and appointments effective immediately: Francesco Pansardi was named Marketing Manager…
SpecTec, Wärtsilä join forces
SpecTec Group has signed an agreement with diesel engine company Wärtsilä whereby Wärtsilä will become a value-added distributor of SpecTec's AMOS software product range.
Hvide Marine To Be Renamed Seabulk International
Hvide Marine Inc. reported a net loss of $9.6 million for the fourth quarter ended December 31, 2000, on revenues of 80 million. In the year-earlier period, the company had a net loss of 197 million…
MISC Bond Issue Not Happening
Malaysia International Shipping Corp (MSIC) said on Tuesday it had no immediate plan to issue any bonds. Replying to a stock exchange query, the Malaysian flag carrier…
Brokers: Shell Considers Single Hull Ban Through Bosphorus
Shell is considering a self-imposed ban on single-hulled tankers for cargoes coming through the Bosphorus from the Black Sea. "They're considering demanding double…
Port Plans $105M Investment
Malaysia's Port of Tanjung Pelepas (PTP) intends to buy more than 400 million ringgit ($105 million) of equipment to handle an expected rise in container shipments.
Guangzhou Shipyard To Post Losses
China's Guangzhou Shipyard International Co. Ltd. expects to post significant losses for last year due to a provision for asset depreciation. The firm "wishes to…
Celebrity Cruises Welcomes New Infinity
Celebrity Cruises has accepted delivery of Infinity, the newest addition to the premium cruise line's award-winning fleet. The 1,950-guest Infinity arrived in Fort Lauderdale…
Mitsui OSK Lines To Log $145M Special Loss
Japanese shipping company Mitsui O.S.K. Lines Ltd. will post a total 16.8 billion yen ($145 million) in special losses for the year to March, adding it would not revise its earnings forecasts.
Malta Drydocks To Get Safety Audit
Officials of the British Safety Council are due to carry out a safety audit of Malta Drydocks in March, Reuters reported. The council had carried out an audit of…
MISC Issues Bonds To Buy Ships
Malaysian International Shipping Corp (MISC), the country's flag carrier, is planning to issue yankee bonds worth up to $500 million in the next few weeks. The yankee bond offering…
Frontline Predicts Strong 2001
Norway's Frontline, the world's biggest tanker company, reported record net profits for 2000 compared to a 1999 loss and forecast higher earnings for 2001. Net 2000…
Ferry Collision Kills One
A ferry collided with a recreational boat on Monday in heavy fog off southwest Florida, killing one person and injuring two others aboard the smaller vessel, the U.S. Coast Guard said.
Fog Closes Ship Channel
Fog closed the Houston Ship Channel on Monday morning, the Houston Pilots association said. Pilots stopped boarding ships at 8 a.m. CST (9 a.m. EST/ 1400 GMT), bringing traffic to a halt…
OPEC Postpones Meeting
The Organization of Petroleum Exporting Countries (OPEC) has postponed a top-level seminar on oil markets, originally scheduled for March, until later in the year.
