New York Ports Must Dig To Survive
The ports surrounding New York City, which handle most of the cargo arriving on the East Coast of the United States, must have deeper channels to stay viable and competitive…
Repercussions From Damaged Ship Propeller Expected to Drive Down RCCL's 2Q Profits
Celebrity Cruises said on Monday it expects the cancellation of a 14-day European voyage as a result of a damaged ship propeller to drag down second-quarter profits…
Mersey Docks & Harbor Not Intimidated by Recession
The slowdown in the U.S. economy may be weighing on British industrial production, but ports operator Mersey Docks & Harbor Company expects to avoid the dark clouds of recession.
Frontline Execs. Approve $321 M Four-Tanker Purchase
Norwegian shipping group Frontline said on Tuesday its board had approved the firm taking a 33 percent stake of a partnership buying four tankers from Bergesen valued at $321 million.
Financial Conundrum For Precious Shipping
Khalid Hashim, managing director of Precious Shipping Plc, says his hands are tied. Thailand's largest shipping line, specializing in bulk shipping, mainly of commodities such as rice and sugar…
SS Norway OK'd To Sail
U.S. Coast Guard inspectors cleared the SS Norway to sail, a week after owner Norwegian Cruise Line was ordered to make repairs that scuttled the Caribbean vacations of 2,032 passengers.
$67M Containership Order Logged
South Korea's Hyundai Merchant Marine placed a $67 million order for a containership with Heavy Industries. Hyundai Merchant said it had borrowed funds from foreign…
Celebrity Cruises Cancels Northern European Sailing
Celebrity Cruises canceled a 14-night Northern European cruise on Galaxy today to repair a damaged portside propeller. The ship, which returned to port shortly after leaving Amsterdam Saturday…
Accelerated phase-out of single hull tankers and CAS
Intertanko discussed with the EU and supported at IMO a revised phase-out scheme which effectively brought the European proposal in line with OPA 90. A copy of Intertanko’s…
S. Korea Eyes Cruise Building Market
Han Jong-chan assembles the massive blocks used to build ships at one of South Korea's huge and successful shipbuilding yards and has never been happier. Han has…
New Managing Director at Kelvin Hughes
Kelvin Hughes has appointed Ron Nailer as the new managing director of Kelvin Hughes Ltd., succeeding Dr. Martin Jones, who has returned to the parent company -…
Grand Bahama Shipyard Acquires Portland's Number Four Dry Dock
Grand Bahama Shipyard purchased the No. 4 Dry Dock from Portland Shipyard in Oregon. Measuring 984 x 228 ft. (300 x 69.5 m), the floating dock, which has a clear internal breadth of 185 ft.
Celebrity Cruises Cancels Northern European Sailing
Celebrity Cruises canceled a 14-night Northern European cruise on Galaxy today to repair a damaged portside propeller. The ship, which returned to port shortly after leaving Amsterdam Saturday…
North Sea Tanker Market Falls to Year's Lowest Point
North Sea tanker markets tumbled to a one-year low by the middle of this week and have since fallen further still, brokers said. "There was virtually no Aframax (80…
2001 Hurricane Season Begins Quietly
The 2001 Atlantic hurricane season dawned quietly on June 1, but storm experts warned people in hurricane alley early-season peace was no reason to let down your guard.
Rig Utilization Up in Europe, Down Worldwide
Offshore rig utilization rose in Europe but declined worldwide and in the U.S. Gulf of Mexico during the week ending June 1, according to ODS-Petrodata Group. European…
BHI U.S. Rig Count Up by Eight
The number of rigs searching for oil and natural gas in the United States rose by eight to 1,270 during the week ending June 1, according to oil services firm Baker Hughes.
Mississippi River Delays Begin to Ease
Delays at locks along the Mississippi River were easing on June 1 as a glut of northbound barges that congested locks after the river reopened last week made their way upriver, river officials said.
Navy Puts $30 Billion DD 21 Design Contract on Hold
The Navy put off indefinitely Thursday the choice of a winning design in an all-new $30 billion advanced destroyer program pending developments in sweeping Defense Department reviews.
China Shipping Signs Seven Vessel Lease for $11.5 Million
China Shipping Development Co Ltd said on Friday that it would lease seven vessels for one-year for a total of US$11.57 million. China Shipping would lease a chartered…
