Three Sailors Die When Fishing Boat Sinks
Three Egyptian sailors died and four are missing at sea after their fishing boat sank in bad weather off the coast of Port Said, the state-owned Middle East News Agency (MENA) said.
Cammell Laird Rescue Attempt in Danger
The British government's attempts to save 1,500 jobs at struggling shipbuilder Cammell Laird were apparently in grave danger on Wednesday after the chairman of a…
Sri Lankan Navy Sinks Rebel Boats
The Sri Lanka navy sank two Tamil rebel boats in a pre-dawn skirmish on Wednesday in waters off the country's northern Jaffna peninsula, military officials said.
Clean Tanker Decline Deepens
Tumbling freight rates for clean tankers in the Atlantic have dropped steeply this week, and brokers pointed to the almost total closure of most transatlantic arbitrages as the reason.
Bid Launched for Worldwide Marine Census
Marine scientists from across Australia are meeting at laboratories this week as part of an ambitious $1 billion international attempt to record all life in the world's oceans…
Cruise Ship Worker Arrested for Smuggling
A crew member aboard a Miami-based cruise ship was arrested on smuggling charges after Royal Caribbean security officers found a laundry bag full of cocaine and 3…
Carnival Corp. Appoints Banks for Euro Bond
Carnival Corp the world's biggest cruise line, has mandated UBM and JP Morgan as lead managers for a debut euro-denominated issue, the banks said on Thursday. The…
Carnival Not Expected to Interrupt Brazilian Shipping
Brazil's main ports will continue to load and unload ships through the Carnival festival although port administrators will be off from late Feb. 27 to midday on Feb.
Worldscale Goes To The Internet
Worldscale, the 500-page annual guide to tanker freight rates, is going to become available via the Internet as of March 5, 2001. The site has been jointly developed…
VISA Extended To 2003
The Maritime Administration (MarAd) published a notice in the Federal Register announcing the extension of the Voluntary Intermodal Sealift Agreement (VISA) for an additional two-year period…
MarAd Mulls Waiver For Strike Enhancer
The Maritime Administration (MarAd) has published a notice in the Federal Register inviting public comment on an administrative waiver of the Coastwise Trade Laws…
Maritrans Reports Good Quarter Results
Maritrans Inc. reports net income for the quarter ended December 31, 2000 of $2.3 million on revenues of $32.2 million. Net income for the year ended December 31…
Jumbo Orders Super Heavylift Ships from Damen
Dutch heavylift shipping specialist Jumbo ordered two Super Heavylift vessels from Damen Shipyards Group of the Netherlands. Scheduled for delivery in 2003, the new 11…
Kirby Corp. Records Solid Results
Kirby Corp. has apparently had success incorporating Hollywood Marine, a move which effectively created the largest inland barge operator in the country. In February…
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…
Greenpeace Blames EU For Unregulated Fishing
Greenpeace accused the European Union of blocking international efforts to stop illegal and unregulated fishing boats from depleting world fish stocks. The environmental organization said the EU…
Brazil Ports To Work Through Carnival
Brazil's main ports will continue to load and unload ships through the Carnival festival although port administrators will be off from late Feb. 27 to midday on Feb. 28, port authorities said.
Treasure Hunters Thwarted By Supreme Court
The U.S. Supreme Court let stand a ruling that Spain owns the remains of two of its warships that sank off the Virginia coast hundreds of years ago, handing a setback to a treasure-hunting…
Panamax Rates Continue Steady Climb
Panamax freight rates continued to climb steadily higher as fresh cargoes supported the sector. The Panamax market started the week relatively quietly, due in part…
Capesize Rates Bounce Back
Freight rates for Capesize bulk carriers are bouncing back from a 15-week dive, as Japanese steel producers rush for ships to carry coal and iron ore cargoes bought at last year's prices.
