Aker Finnyards To Build $1.5 Million Fast Surface Combatant
Aker Finnyards and the Finnish Navy have agreed on a $1.5 million contract for the construction of another Hamina-Class Fast Surface Combatant. The vessel, which will be delivered in April 2003…
Austal USA Secures Candies Vessel Duo
Austal Ltd. has reported that its U.S. operation, Austal USA, has secured a two vessel order for the construction of 150 ft. (45.7 m) aluminum crew supply vessels to operate in the Gulf of Mexico.
NY/NJ OKs $4.6B Budget
The Port Authority of New York and New Jersey approved a $4.6 billion 2001 budget, which includes more than $2 billion in capital spending, a record amount for the bi-state agency.
Clean Tanker Rates Tank
Rates for clean tankers in the Caribbean have dropped by nearly a quarter in the last 10 days, falling below the W300 mark for the first time since last July. London's…
Japanese Shipbuilders to Merge
Japanese shipbuilder Hitachi Zosen Corp and steelmaker NKK Corp. agreed to merge their shipbuilding operations into a single company on October 1, 2002. The move…
Asian Panamax Rates Rebound
Asian Panamax freight rates for dry bulk cargo bounced back this week and shipping agents said a recovery would become more evident with the start of South American export seasons in March.
Navy Hearing Pushed To March 5
The U.S. Navy bowed to a request from the captain of the Greeneville and set a March 5 hearing date for an official inquiry into the disaster in which the nuclear…
