Flender Werft Books Three More Contracts
Three shipbuilding contracts exceeding 400 million DM became effective last week at Lübeck, Germany based Flender Werft. The contracts include a RoRo passenger ferry…
Petrobras Shuts Down 13 Rigs For Leak Check
Brazil's state oil giant Petrobras halted output at 13 offshore rigs on Thursday in the Campos basin to check for leaks after an oil slick appeared on the ocean surface in the area.
GLM's Rose: Dayrates To Hit 3-Year Highs
Global Marine Inc. Chief Executive Bob Rose expects daily rental rates, or dayrates, for offshore oil and gas drilling rigs to surpass their highs of three years ago in 2001.
Statoil Refuses Russian Fuel Oil Cargo
Norwegian state oil and gas company Statoil rejected a Russian fuel oil cargo that breached hydrogen sulphide limits, a toxic gas, currently anchored in Rotterdam.
LNG Company To Be Listed
Norwegian shipping magnate John Fredriksen's Liquefied Natural Gas (LNG) transport company Golar LNG said on Friday it raised $280 million in a private placement…
Baker Hughes Rig Count Down 7
The number of rigs searching for oil and natural gas in the United States fell by seven to 1,225 during the week ending May 18, according to oil services firm Baker Hughes.
Russia Inks Deal To Raise Kursk
Russia signed a deal with Dutch salvage and heavy transport firm Mammoet to raise the wrecked nuclear submarine Kursk, which plunged to the bottom of the Barents…
Volvo Considers Selling Penta Engine Unit
Volvo recently made it known to investment banks that all or part of its profitable Penta marine and industrial engine unit would be up for sale at the right price, Reuters reported.
McGinnis Appointed VP Of Marketing
American Classic Voyages Co. has appointed Scott G. McGinnis vice president of marketing for its Delta Queen product group, which includes Delta Queen Steamboat…
Costa To Operate Exclusive German Cruise Program
Costa Cruises, a unit of Carnival Corporation will launch a new cruise product aimed exclusively at the German market beginning in spring 2002. The new product,…
Hyundai Merchant Marine Denies Rumors
Hyundai Merchant Marine, South Korea's largest shipping firm, denied on Thursday a local report it had begun a debt-rescheduling program led by creditor banks. "It…
Malta Will Announce Port Privatization Information Soon
Malta will soon issue information about the privatization of Malta Freeport and Kordin Grain Terminal in Valletta Harbor, Finance Minister John Dalli said. He said…
Mystery Surround 3 Titanic Passengers May Be Solved
Nearly a century after they perished aboard the luxury liner Titanic, three mystery passengers who were laid to rest in unmarked graves -- including a two-year-old…
NOL Shares Surge
Shares of shipping group Neptune Orient Lines (NOL) hit a nine-month high today, boosted by prospects of its logistics operations and hopes its weightage will rise…
Look Out Ice, Bombs Away!
Russian warplanes bombed an 80-km (50 mile) wide river ice floe on Thursday in an attempt to unblock a build-up of meltwater which has forced thousands of people from flooded homes in eastern Siberia…
BG Secures U.S. LNG Rights
Britain's BG Plc secured rights to deliver liquefied natural gas (LNG) through one of only two functioning import terminals serving booming U.S. energy markets.
Cammell Laird Cuts More Jobs
Cammell Laird, which has entered into receivership, is to cut another 248 jobs in Britain over the coming weeks. PricewaterhouseCoopers, which is acting as receivers for the shipbuilding group…
Ferries Blocked By Strike
Five cross-Channel ferries have been blocked in French ports since Monday because of a strike by workers over plans to cut the work week, their operator, Brittany Ferries, said.
Wheat Carrier Refloated
A tug was used on Wednesday to refloat the Panama-flag bulker Captain George Tsangaris that ran aground on Round Island near Trincomalee in Sri Lanka on Tuesday, port officials said.
Latvian Shipping Buy Rules May Be Eased
Latvia may drop certain key conditions in a fresh attempt to privatize Latvian Shipping but could keep the offered stake at 68 percent. Latvia's cabinet officially…
