Iraq: OPEC Should Reduce Output Up Two Million Barrels
Oil cartel OPEC should reduce production by between 1.5 million and 2 million barrels per day (bpd) when it meets next week and shun U.S. calls for a smaller cut…
Fishing Vessel Sinks
Seven Spanish crewmen were missing after a Spanish fishing vessel sank in rough seas off the coast of Portugal on Thursday, Reuters reported. The spokesman said that four other sailors…
Taylor Made Environmental Opens New U.K. Facility
facility in Poole to provide sales and technical support throughout Europe for the company's marine air conditioning, refrigeration and battery charger product lines.
Mediterranean Shipping Company Orders New Cruise Ship
Mediterranean Shipping Company. (MSC) has announced that its cruise division, Mediterranean Shipping Cruises, today confirmed an order for a new 1,600-passenger…
$9B Investment Plan Unveiled
Port Authority of New York and New Jersey unveiled a sweeping $9 billion construction plan for improvements at its airports, bridges, tunnels and PATH commuter rail system, Reuters reported.
ABS Refutes Castor Condition Allegations
ABS has completed an extensive review of the complete survey history of the troubled tanker Castor and categorically refutes allegations made by Spanish authorities…
People & Company News
D.F. International logistics service provider D.F. Young, Inc. has announced the relocation of its headquarters office from New York City to Jersey City, N.J. in the first quarter of 2001.
Seacor to Expand Barge Business
Seacor Smit Inc. announced that it has acquired SCF Corporation, a company that owns and operates inland river barges and that is substantially owned and controlled by certain Seacor directors.
Shareholders Approve Transocean Merger
At its extraordinary general meeting held Dec. 12, 2000 in Houston, Texas, holders of ordinary shares of Transocean Sedco Forex Inc. approved all proposals presented at the meeting…
Coflexip Stena Closes Aker Acquisition
Coflexip Stena Offshore has finalized, with Aker Maritime ASA, the acquisition of its deepwater operations, the "Deepwater Division" headquartered in Houston, for…
International Rig Count Down 4% from October
Baker Hughes Incorporated's international rig count for November 2000 was 700, down 27 from the 727 counted in October 2000 and up 125 from the 575 counted in November 1999.
Vessel Title Insurance Helps Protect Assets
When maritime liens turn up, an unsuspecting vessel owner and the lender can be left in the wake of a deal gone sour. But thanks to a new form of title insurance tailored to the maritime industry…
Insurance Industry Instability Triggers Upward Trend
Having been rather "soft," or in layman's terms "very competitive" for the last several years, the marine liability insurance market has begun what appears to be…
Unites States Lines Launches Cruise Ship
United States Lines has launched a 1,212-passenger cruise ship, MS Patriot, newly emerged from a $21 million renovation and flying the U.S. flag recently departed…
Padelford Packet to Build New Showboat
The Minnesota Centennial Showboat is returning to the Mississippi River. The Department of Theatre Arts and Dance of the University of Minnesota is announcing plans…
LMC Takes Delivery of New Vessel
Lead Mead Cruises (LMC) of Boulder City, Nev., operates a fleet of four vessels - a number that will increase to five in spring 2001 when LMC takes delivery of a 57 x 17-ft.
BC Ferries Sells Queen Of Victoria
The Queen of Victoria has been sold to a private operator in the Dominican Republic, BC Ferries' president and CEO Bob Lingwood announced. A total of six bids were…
Commodore Holdings Files For Bankruptcy
Florida cruise company Commodore Holdings Ltd. is the latest cruise company to succumb to the crunch from a financial crisis, as it filed for Chapter 11 bankruptcy…
Floating Casino Follows Industry's Upscale Trend
As the casino riverboat industry celebrates its 10th anniversary this year, there's little resemblance between the first reproduction 1890s paddlewheelers that a…
Kvichak Delivers Patrol Boat to NCPD
Kvichak Marine recently delivered the second of a two-boat order for the Nassau County Police Department of New York. Marine 6 will join Marine 5 for patrol and…
