SpecTec, Wärtsilä join forces
SpecTec Group has signed an agreement with diesel engine company Wärtsilä whereby Wärtsilä will become a value-added distributor of SpecTec's AMOS software product range.
Hvide Marine To Be Renamed Seabulk International
Hvide Marine Inc. reported a net loss of $9.6 million for the fourth quarter ended December 31, 2000, on revenues of 80 million. In the year-earlier period, the company had a net loss of 197 million…
MISC Bond Issue Not Happening
Malaysia International Shipping Corp (MSIC) said on Tuesday it had no immediate plan to issue any bonds. Replying to a stock exchange query, the Malaysian flag carrier…
Brokers: Shell Considers Single Hull Ban Through Bosphorus
Shell is considering a self-imposed ban on single-hulled tankers for cargoes coming through the Bosphorus from the Black Sea. "They're considering demanding double…
Port Plans $105M Investment
Malaysia's Port of Tanjung Pelepas (PTP) intends to buy more than 400 million ringgit ($105 million) of equipment to handle an expected rise in container shipments.
Guangzhou Shipyard To Post Losses
China's Guangzhou Shipyard International Co. Ltd. expects to post significant losses for last year due to a provision for asset depreciation. The firm "wishes to…
Celebrity Cruises Welcomes New Infinity
Celebrity Cruises has accepted delivery of Infinity, the newest addition to the premium cruise line's award-winning fleet. The 1,950-guest Infinity arrived in Fort Lauderdale…
Mitsui OSK Lines To Log $145M Special Loss
Japanese shipping company Mitsui O.S.K. Lines Ltd. will post a total 16.8 billion yen ($145 million) in special losses for the year to March, adding it would not revise its earnings forecasts.
Malta Drydocks To Get Safety Audit
Officials of the British Safety Council are due to carry out a safety audit of Malta Drydocks in March, Reuters reported. The council had carried out an audit of…
MISC Issues Bonds To Buy Ships
Malaysian International Shipping Corp (MISC), the country's flag carrier, is planning to issue yankee bonds worth up to $500 million in the next few weeks. The yankee bond offering…
Frontline Predicts Strong 2001
Norway's Frontline, the world's biggest tanker company, reported record net profits for 2000 compared to a 1999 loss and forecast higher earnings for 2001. Net 2000…
Ferry Collision Kills One
A ferry collided with a recreational boat on Monday in heavy fog off southwest Florida, killing one person and injuring two others aboard the smaller vessel, the U.S. Coast Guard said.
Fog Closes Ship Channel
Fog closed the Houston Ship Channel on Monday morning, the Houston Pilots association said. Pilots stopped boarding ships at 8 a.m. CST (9 a.m. EST/ 1400 GMT), bringing traffic to a halt…
OPEC Postpones Meeting
The Organization of Petroleum Exporting Countries (OPEC) has postponed a top-level seminar on oil markets, originally scheduled for March, until later in the year.
USS Greeneville: Fourth Officer Falls Under Naval Inquiry
The U.S. Navy's official inquiry into the fatal collision of the USS Greeneville and a Japanese fishing trawler will closely scrutinize the actions of a fourth officer on board the submarine…
IBIA Elects New Executive Members
At its recent general meeting in London, the International Bunker Industry Association (IBIA) elected new officers to its executive. Chris Leigh-Jones of Kittiwake…
Globe Wireless Opens Hong Kong, Hamburg Offices
Globe Wireless, a provider of maritime communications solutions, has opened new Sales and Customer Support offices in Hong Kong, SAR and Hamburg, Germany. The new…
AAPA Announces New Seminar Series
AAPA is finalizing programs and securing industry experts for both the Port Administration Seminar and the Information Technology Seminar. These two important disciplines…
Short Delivery of Bunkers
With the recent increases in bunker prices the question of the quantity of received bunkers has re-appeared creating the problems of alleged short deliveries of this costly material.
Period Contracts Rise
There has been a marked increase in period contracts since January 2000. Not only has period chartering activity increased, but the length of the periods has also…
