Phil Kleweno Appointed President Of Princess Cruises
P&O Princess Cruises plc, today announced the appointment of Phil Kleweno as President of its North American division, Princess Cruises. Cruises Group. The division…
Kvaerner Philadelphia Shipyard Signs $240 Million Letter of Intent for Four Ships
Kvaerner, the Anglo-Norwegian engineering and construction Group, today announced that it has received a Letter of Intent from Keystone Shipping Company of Pennsylvania…
Current Onshore Rig Boom Could Be Halted By Next Year
The boom in U.S. onshore oil and natural gas drilling has yet to peak, bolstering forecasts of continued strong demand for rigs, analysts and executives said this week.
South Korea Protests Fishing Vessel Ban
South Korea said on Wednesday it would lodge a formal protest to Japan against its decision to ban South Korean vessels from fishing in Japanese territorial waters.
Ship Explodes at Malaysian Yard, Four Workers Killed
An explosion on a ship being repaired in Malaysia's southern state of Johor killed at least four shipyard workers, news reports said on Wednesday. The unidentified…
Can Cammell Laird Teeside Be Saved?
Struggling British shipbuilder Cammell Laird Plc, which has had to axe nearly 600 jobs after entering receivership earlier this year, has accepted an offer by one…
Analysts "Reduce" Recommendation on P&O
Dresdner Kleinwort Wasserstein said on Wednesday it was cutting its recommendation on P&O (Peninsular & Oriental Steam Navigation Company Plc) to reduce from hold…
Northrop Grumman: Sales Will Top $18 Billion By 2003
U.S. defense contractor Northrop Grumman Corp. on Wednesday said it expected to report sales of $18 billion by 2003, driven by growth in the defense electronics and information systems business.
Overseas Shipholding To Purchase Two VLCCs
Overseas Shipholding Group Inc. on Tuesday said it will buy two very large crude oil carriers (VLCCs) from Bergesen D.Y. ASA for a total of $156 million, through its joint venture with Frontline Ltd.
Northrop Grumman To Comply With DOJ's Information Request
Defense contractor Northrop Grumman Corp. said on Tuesday that it will comply with a request from the Department of Justice for additional information on its proposed…
Panamax Freights Rise, Pacific Rates Hold
Panamax freight orders picked up for Atlantic tonnage on Tuesday while Pacific rates continued to hold strong, shipbrokers said. In the short-period market, the 75…
Piracy Hits New Heights
Pirate attacks rose 57 percent in 2000, and were nearly four and a half times higher when compared with 1991 according to a report by the ICC's International Maritime Bureau (IMB).
An Artistic Interpretation
In the distance, storm clouds drop their torrent upon the sea as the ship breaks through heavy seas. The number on her bow — 85 — disappears and reappears with each crest of the waves.
World Industry Drives Freight Rates Up
In 2000, freight rates turned out at a significantly higher level than during the previous year. On an average basis, tripcharter rates for Capesizes (150,000 dwt) more than doubled to $17…
MITAGS Chooses STN Atlas For Major Upgrade
The Maritime Institute of Technology and Graduate Studies (MITAGS), of Linthicum Heights, Md., has awarded STN Atlas a contract to upgrade one of MITAGS' full mission simulation systems.
Texas Maritime Academy Ship Simulator Attracts All Levels
Marine industry operations will grow and develop with highly trained workers as a result of the expansion and upgrade of the Full Mission Ship Simulator used by the Texas Maritime Academy.
Tests Prove CLT Prop Characteristics
The CLT propeller recently underwent real-world testing, which proved, according to its designer and manufacturer that the propeller can help to reduce or eliminate…
New Launching Platform for Navy
The Navy has entered a new era of ship construction in Bath, Maine. The introduction of an innovative construction and launching platform brings some of the most…
Innovators Recognized at Patent Ceremony
Outstanding creativity in science and engineering were recently honored by a U.S. congressman and senior Navy officials. Keynote speaker U.S. Rep. Roscoe G. Bartlett…
State of the P&I Market: As Stocks Drop, Rates Will Rise
The 13 P&I Clubs within the International Group continue to dominate the world market for shipowners' liability insurance despite increasing competition in recent years from fixed premium facilities.
