Panamax Sector Remains Positive
The Panamax sector remains positive, although the prompt market is turning cautious, shipbrokers said. While freight rates and indices continue to show either gains…
Kristal Loss Raises Flags
Similarities were emerging between this week's loss of the tanker Kristal off Spain and a number of other recent tanker disasters, leading to warnings of an industry-wide crisis.
USACE Programs Come Under Bush Gaze
The Bush administration may require independent reviews of Army Corps of Engineers' plans for projects that are expensive or controversial to avoid a repeat of the…
Aker, Kvaerner Merger Proposed
Norwegian industrialist Kjell Inge Roekke proposed merging his Aker firms with the shipbuilding and oil and gas divisions of Kvaerner on Wednesday to combat stiffening world competition.
Aker Finnyards Delivers Unique Ferry
Irish Continental Group has taken delivery of its newest vessel, the $92 million cruise ferry m.v. Ulysses, from Aker Finnyards. With 2.6 miles (4 km) of deck space for commercial vehicles and cars…
Star Cruises Downgraded
A poor operating performance and expensive valuation prompted analysts to downgrade Asia's largest cruise operator Star Cruises Group. The company reported it posted…
