Kursk Rescue Plans Coming
President Vladimir Putin will formally announce plans to raise the nuclear submarine Kursk when he meets European Union leaders this weekend. "It will be the first…
Teekay Rating Raised
Standard & Poor's revised its outlook on Teekay Shipping Corp. to positive from stable. The outlook revision reflects Teekay's consistent, solid performance, which…
U.S. Carrier Docks In New Singapore Pier
U.S. aircraft carrier Kitty Hawk docked at Singapore's new deep-draft naval pier on Thursday, the first giant American warship to use the facility. The pier, at Singapore's Changi Naval Base…
Holt Group Files For Bankruptcy
Holt Group Inc., a large Delaware River port operator offering cargo services, including stevedoring and warehousing, voluntarily filed for Chapter 11 bankruptcy protection with the U.S.
Hyundai Founder Dies
Chung Ju-yung, the rags-to-riches founder of South Korea's mighty Hyundai industrial empire, died on Wednesday aged 85. Born into a poverty-stricken farming family in 1915 in what is now North Korea…
Frontline Ltd. Sells Two VLCCs
Frontline Ltd. has sold the two VLCCs, Front Tartar and Front Tarim, both built 1993 to undisclosed buyers for an en-bloc price of $104 million. The two VLCCs were…
OceanConnect.com And Clarksons Agree On Bunker Business
OceanConnect.com, the global online marketplace for the purchase and sale of marine fuels, products and services has entered into a joint marketing and services…
Mir Causes Anxiety In South Pacific
From Conny Martin's standpoint, the vast empty expanse of the Pacific Ocean where flaming chunks of Russia's Mir space station may find their watery grave does not feel empty at all.
ADSB Lobbies For $500M Patrol Boat Contract
Abu Dhabi Ship Building Company hopes to start negotiations with the UAE navy on the sale of up to 12 missile patrol boats worth more than $500 million. William Saltzer…
Tanker Rates Fall
Million-barrel tanker trades have been unable to weather a wave of fresh competition from VLCCs in the Atlantic, and rates have started to plummet, brokers said on Wednesday.
NNS Awards $446M Contracts
Newport News Shipbuilding said that it awarded Lockheed Martin Integrated Systems Inc., a subsidiary of Lockheed Martin Corp., a $446 million subcontract for the warfare system for the CVN 77…
Panamax Rates Weaken
Panamax freight rates have eased this week, in line with dwindling grain orders, brokers said on Tuesday. Rates dropped under the standard $12,000 a day and shipbrokers…
Old Dominion Places Order With Gladding-Hearn
Old Dominion University's Educational Foundation in Norfolk, Va. has ordered a new research vessel from Gladding-Hearn Shipbuilding of Somerset. Mass. The new vessel…
Moody's Downgrades Cammell Laird
Moody's Investors Service downgraded to Ca from Caa2 the rating for the Euro 125 million senior notes of Cammell Laird Holdings plc (CLH) following the company's…
Bollinger To Construct Pair of Vessels For Seacor Marine
Bollinger Shipyards has been granted a contract to build two 145.5 ft. (44.3 m) supply/utility vessels for Seacor Marine of Houston, Texas. Construction will commence at Bollinger's Lockport, La.
Carnival Corp. Reports First Quarter Earnings
Carnival Corp. reported net income of $128 million ($0.22 diluted EPS) on revenues of $1 billion for its first quarter ended February 28, 2001, compared to net income…
Radiance Of The Seas Arrives In Miami
Radiance of the Seas arrived today at the port of Miami-Dade. Known as the first n the Radiance-class series, the 2,100-guest ship boasts more glass than any other Royal Caribbean ship…
CXIPY Revenue Hits $999M
Coflexip Stena Offshore today reported net income of EUR17.1 million, or $0.85 per share ($0.42 per ADS), for the fourth quarter of 2000 and net income of EUR88.6…
W&D Signs Contract with Wilmington Tug
Washburn & Doughty Associates, Inc. of East Boothbay, Maine signed a contract to build a 4,200 hp Z-Drive Tug for Wilmington Tug of Wilmington, Delaware. Designed by Robert Allan Ltd.…
Big Four Maintaining Their Share
In the cruise industry, it is widely acknowledged that four main shipyards are competing for the majority of all new cruise ship orders. In its latest publication…
