FGH Announces Rig Work
Friede Goldman Offshore, Inc., the rig segment of Friede Goldman Halter, Inc. announced that Noble Drilling (U.S.) Inc. has scheduled the Noble Amos Runner for repair…
Famine Ship Still Stuck In Ireland
Plans to sail a replica of an Irish famine-era ship across the Atlantic have been abandoned for the second year running because the vessel is still not seaworthy.
DoD To Starts Newport News Shipbuilding Bid Review
Competing bids for Newport News Shipbuilding Inc. remain under review by the Defense Department and a final recommendation is several weeks away. General Dynamics Corp.
Asian Tanker Rates Drop
Asian tanker rates started heading downhill this week after two months of stability, Singapore brokers said. "It's softened quite a bit since last week," said one…
Taiwan Searches For Chinese Sailors
Taiwan on Tuesday searched on for 10 Chinese crew members of a Belize-registered vessel that went missing off the island's southern coast during a killer typhoon…
Bulk Shipping Alliance Close To Start-Up
A Capesize bulk shipping alliance involving three of the sector's biggest fleets may be launched within a month, according to one key player, Greece's Angelicoussis Group.
Japan Chides SE Asia Regarding Piracy
A Japanese maritime safety expert chided Southeast Asian countries on Tuesday for failing to cooperate fully in the fight against pirate attacks in their waters.
Solar Powered Ferry Sets Sail
For centuries, sailing has been about how to catch the wind. Now it is becoming a question of how to catch the sun. Australian inventor Robert Dane has designed…
Increased Panamax Rates Boost Market Sentiment
Higher panamax freight rates have boosted sentiment in the market amid hopes for further rates increases during the week, shipbrokers said on Monday. They gave as prime example the latest U.S.
Golar Plans To Go Above and Beyond Shipping
Norwegian shipping magnate John Fredriksen's Liquefied Natural Gas (LNG) transport company, Golar LNG, said it plans to expand beyond the shipping niche to handle the whole LNG logistics chain.
GD Extends NNS Offer
General Dynamics extended its pending tender offer for all outstanding shares of common stock (including associated rights) of Newport News Shipbuilding Inc. to midnight, EDT, on July 6, 2001.
Frontline Buys Back Shares
Frontline has bought back 50,000 of the company's common shares, at a price of NOK 165,93. Total number of outstanding shares after this is 76,912,566. The shares…
EU, S. Korea Will Try Last Minute Negotiations
European Union (EU) and South Korean officials meet next week to try to settle a row over alleged subsidies to Korean shipyards and avert an EU threat to take the…
Sedative OKd To Help Free Entangled Whale
A federal judge in Boston on Friday cleared the way for rescuers to use a sedative to free a whale tangled in fishing line while fighting for its life off the coast of Cape Cod, Mass.
Norwegian Sea: Carbon Dioxide Dumping Ground?
The Norwegian Sea could be a safe dumping ground for carbon dioxide (CO2), a gas blamed for global warming, Norway's Nansen Environmental and Remote Sensing Center said.
House Votes To Bar Drilling off Florida Coast
Despite President George W. Bush's calls for more oil and natural gas production at home, the House of Representatives on Thursday voted to block drilling in a lucrative…
Hyundai Merchant Marine Sells Off Two Million Shares
Hyundai Merchant Marine, South Korea's largest shipping firm, said on Friday it had sold about two million shares in Hyundai Heavy Industries to raise operating funds and repay debts.
Sea Containers Approves Hotel Subsidiary Spin-Off
Sea Containers Ltd., which runs marine passenger transport and leases equipment, on Friday said its shareholders approved resolutions to permit the spin-off of its…
Alstom Under Fire For Alleged Asbestos Poisoning
French shipbuilder Alstom SA will need to set aside at least 20 million euros ($17 million) for claims linked to alleged asbestos poisoning at its Saint Nazaire shipyard, analysts said on Friday.
Attica Enterprises Links Up With Port of Zeebrugge
Greek ferry operator Attica Enterprises said on Friday it picked the port of Zeebrugge in Belgium for its service linking Scotland with mainland Europe, due to start in May 2002.
