U.S., International Rig Counts are on the Rise
Baker Hughes Incorporated announced today that the international rig count for May 2001 was 752, up 10 from the 742 counted in April 2001 and up 125 from the 627 counted in May 2000.
Torch Offshore's IPO Checks in at $16
Torch Offshore Inc., an undersea construction firm, priced its initial public offering at $16, the top end of its expected price range, underwriter UBS Warburg said on Thursday.
High Traffic Forces USCG to Shut Section of Missouri River
The U.S. Coast Guard said on Thursday it was closing a 147 mile-long section of the Missouri River to marine traffic due to high water levels after recent heavy rains.
See You in September - Royal Olympic Cancels Newest Vessel's Summertime Cruises
Due to the delay in delivery of Olympic Explorer from Blohm + Voss shipyard in Hamburg, Royal Olympic Cruise Lines has been forced to cancel the cruises of its new vessel until September 15, 2001.
A.P. Moeller Dips On News
A.P. Moeller fell around four percent on Thursday as news of a production halt and talk of higher tax continued to scare away investors, brokers said. Furthermore…
EC Grants P&O, Stena Exemption
The European Commission granted P&O and Stena Line a six-year exemption from competition rules to operate a cross-Channel ferry service for passengers and freight.
Three Sought For Arrest In Tanker Explosion
Romania issued arrest warrants for three men facing charges in connection with the deaths of 10 welders in a Black Sea port oil tanker explosion. They are accused…
Alaskan Cruise Legislature Coming
Alaska is casting a cool eye toward cruise ships, with the state's legislature preparing to pass the first state law regulating the $12 billion industry. In a special session which begins Thursday…
Smuggler Ships To Be Sunk
They were linchpins in the international narcotics trade and soon they will swim with the fishes. Three cargo ships used to smuggle nearly $8 million worth of cocaine…
