Low Sales Activity of Significant Ferries in 2000
Within the ferry industry, 50 secondhand vessels were sold in 2000, representing a total value of $317 million. The information, provided in a market report by ShipPax…
ICS Speaks Out On Foot And Mouth
The Institute of Chartered Shipbrokers (ICS) has spoken out on behalf of the shipping industry in response to the U.K. government's latest action in the fight against foot and mouth disease.
Pinkard Joins Chiles Offshore
Chiles Offshore reports that Chris Pinkard has joined the company as Vice President of Marketing & Sales replacing William Plamondon who is retiring within the next several months.
Twelve Quays for H&W
Harland and Wolff has been nominated to provide vital elements of infrastructure for the new 12 Quays RoRo ferry terminal in Liverpool. The contract, placed by Transmarine Ltd.
Online Design, Drafting Offered
Shipyards and marine and offshore fabrication facilities across North America are being offered a new way to fill their design and drafting requirements. Genoa Design International Ltd.
LMS Completes First VDR Installation With Memory Capsule
Litton Marine Systems recently completed the first installation of a complete Voyage Data Recorder (VDR) with IMO-compliant protective memory capsule. The Litton…
BV Confirms Balu Class Status
Bureau Veritas says the 9,981 dwt chemical carrier Balu, which sank about 120 miles North of La Corunna off northern Spain in heavy weather today, was fully in class…
NOAA Seeks Comments On USN Sonar Deployment
NOAA's National Marine Fisheries Service is seeking public comment on a request by the U.S. Navy to operate its Low Frequency Active Sonar on the world's open oceans.
Acid Ship Sinks Of Bay of Biscay
A Maltese-registered tanker carrying 8,000 tons of potentially explosive sulphuric acid sank in the Bay of Biscay on Tuesday, French maritime authorities said. The…
Frontline Shares Surge
Shares in Norwegian tanker group Frontline rose 6.8 percent on Tuesday despite planned oil output cuts by OPEC, buoyed by strong chartering rates and a presentation of the company in New York.
Cammell Laird Conducts Strategic Review
Bonds issued by British shipbuilder Cammell Laird held steady at deeply-discounted levels on Tuesday after the company unveiled a strategic review which could include a debt restructuring.
Excel Upgraded
Dresdner Kleinwort Wasserstein said on Tuesday it had upgraded its recommendation for British distribution and logistics firm Exel Plc to "buy" from "add", noting…
Worlds Largest Rig Still Afloat
Crews managed to prevent the world's largest offshore oil rig from sinking farther into the sea on Monday, four days after explosions crippled its structure and killed 10, its Brazilian owners said.
Candies Announces Promotions
Otto Candies, LLC announced the promotions of P.B. Candies and Brett Candies to Co-Directors of the Traffic, Sales and Marketing Departments. Additionally, John…
Oil Tanker Stranded Off Bermuda
A Texas-bound tanker carrying 300,000 tons of crude oil has become stranded off the coast of Bermuda after an explosion on Sunday evening, the Rescue Coordination Center (RCC) said on Monday.
Search Continues For Survivors Of Double Caribbean Tragedy
Hopes were fading on Saturday of finding more survivors among about 50 people missing and feared dead after two boats carrying illegal migrants, most of them from the Dominican Republic…
After Four-Day Closure, Russian Port Re-Opens
The Russian oil port of Novorossiisk re-opened early on Monday after a nearly four-day closure, industry sources said. Officials said the port, which shut down at 1 p.m.
SembCorp To Sell Marine Segment
SembCorp Logistics said on Monday it agreed to sell its marine business to PSA Marine, a unit of Singapore port operator PSA Corp, for S$207.5 million ($117 million).
Cruise Powerhouse Carnival Corp. Commences Intermediate Ratings
Merrill Lynch said on Monday it had started coverage of Carnival Corp., the world's largest cruise line operator, with "intermediate" and "long term accumulate" ratings.
Despite Salvage Efforts, Offshore Rig Continues To Plummet
The world's largest offshore oil rig resumed sinking as rough seas impeded efforts to salvage it four days after blasts ripped through the structure, killing 10, the Brazilian owners said on Monday.
