Smit To Cut Costs, Focus On Growth Markets
Dutch shipping group Smit Internationale NV will continue cost-cutting in 2001 and put more focus on growth markets. "Our company should become more transparent…
Rosyth Dockyard Tapped For Frigate Refits
The British government contracted Scotland's Rosyth dockyard, operated by a unit of engineering company Babcock International Group, to refit five navy frigates.
Army Corps of Engineers Under Scrutiny
Legislation introduced in Congress on March 29, 2001, would subject expensive and controversial Army Corps of Engineers' projects to an independent review panel…
Blue Marlin Arrives In Portland Harbor
The world's largest submersible lift ship arrived in Portland Harbor today at 10:00 a.m. where it docked at the International Marine Terminal. Measuring 712 ft.
HAL's Westerdam To Be Transferred To Costa Cruises
Westerdam to sister company Costa Cruises in spring 2002, at the conclusion of the vessel's winter Caribbean cruise season. The vessel will then immediately reposition…
Italy To Ban Single Skin Tankers From 7 Ports
Italy plans to ban single hull tankers from seven port areas from April 23 to reduce risks of environmental damage, said an anonymous Environment Ministry official said.
Carib Tanker Rates Rise
Caribbean tanker rates are set to jump briefly this week because of a lack of available tankers for prompt cargoes, brokers said. "I can see it getting up to W285…
Oil Slick Threatens Danish Coast
Massive oil slicks threatened to pollute the Danish coast on Thursday after a tanker collided with a freighter in the Baltic Sea, creating one of the biggest oil leaks ever to foul Danish waters.
A.P. Moeller Expects Good 2001 Results
A.P.Moeller, Denmark`s biggest private enterprise and owner of container line Maersk Sealand, expects higher 2001 earnings from its shipping activities as well as…
Dry Bulk Index Continues Decline
The Baltic Dry Index (BDI) fell 16 points to 1,452, the Baltic Panamax Index (BPI) lost 25 points to 1,553, the Baltic Handymax Index (BHI) eased 46 points to 9…
Bosphorus Sea Lane To Get Busier
A leading U.S. tanker brokerage has warned that the newly-opened Khazakstan to Novorossiisk oil pipeline will need between 17 and 28 million-barrel tankers to serve it…
Petrobras Sends 20 Ships To Monitor Oil Spill
Petrobras moved about 200 men and 20 ships to monitor oil spilled offshore after the world's biggest rig was rocked by blasts and sank earlier this month. On March 15…
Panama Canal Income Up 3.1%
Panama Canal October-to-February toll income rose 3.1 percent over the year-ago period to $247.8 million. Transits by ships built to the maximum dimensions of the Canal's 1,000-ft. (305-m) by 110-ft.
Lawrence Graham Warns On Tanker Approvals
London law firm Lawrence Graham says tanker owners and charterers can expect more disputes over oil major approvals. Imogen Rumbold, partner, says that since the…
IZAR Delivers For Stena
Stena Line announced that its brand new ferry Stena Hollandica entered service in the Hook of Holland-Harwich route. In October 2000 Stena Line had already introduced her sister ship Stena Britannica.
Sea Containers Posts Loss
Marine transport company Sea Containers Ltd. posted a fourth-quarter loss, versus a profit a year earlier, citing a bigger fuel bill and a drop in demand for container rentals.
Bulk Indices Sink
The Baltic Dry Index (BDI) fell 18 points to 1,468, the Baltic Panamax Index (BPI) lost 29 points to 1,578, the Baltic Handymax Index (BHI) eased 57 points to 9…
Cammell Laird: Navy Deal Saves Jobs
Cammell Laird, under threat of losing a key $500 million deal with U.S. cruise ship firm Luxus, said it had won a U.K. Navy contract, helping safeguard 150 jobs at the group.
Though The Rhine Level Drops, Barges Still Stopped
The Rhine river remained closed to barge traffic on Wednesday, but Cologne city officals said movements around the Cologne hub may be resumed in the evening. City…
Japanese Shipbuilding Consolidation Is Imminent
Kawasaki Heavy Industries is said to be considering integrating its shipbuilding business with those of Ishikawajima-Harima Heavy Industries Co. (IHI) and Mitsui Engineering & Shipbuilding Co.
