Relatives See Video Of Sunken Trawler
The U.S. Navy on Sunday showed relatives of the nine missing people from a Japanese trawler sunk by a surfacing American submarine a video of the wreck, but there were no signs of remains.
PEMEX Earmarks 56% of Budget for Offshore
Mexican state oil monopoly Petroleos Mexicanos expects to invest $36 billion during the current six-year administration, up 76 percent from the prior term. The company…
British Builders Battle For Contracts
BAE Systems Plc is engaged in a bitter fight with naval shipbuilder Vosper Thornycroft to secure the contract to build all 12 of the Royal Navy's new Type 45 destroyers, the Financial Times reported.
Kockums Fights To Keep Prop Secrets From U.S.
Swedish submarine manufacturer Kockums Industrier AB, designer of Australia's new Collins class submarines, has taken legal action to stop Australia releasing its…
Port Repair Bids To Be Sought
India's Kandla port will invite tenders soon for repairs to jetties, buildings and equipment damaged in last month's earthquake. "We will invite tenders in the next few days to repair the port," A.K.
Leif Hoegh Profits Double
Norwegian shipping group Leif Hoegh said its improvement in operating profit - from $56.6 million from $22.9 million the previous year - was largely a result of…
Moore Stephens Advocates Dynamic Risk Analysis
Forecasting techniques in shipping have at last become as dynamic as the shipping industry itself, according to Chris Chasty, head of the shipping industry group…
Mersey Docks Invests In South Africa
Mersey Docks and Harbor Co. is investing 8.8 million pounds in the South African Capespan Group's fruit terminals. Mersey Docks -- Britain's second largest port…
USCG Continues Search For Missing
Following objections from the Japanese government, the U.S. Coast Guard and the U.S. Navy announced they will continue searching through Friday for nine people missing…
COSCO To Buy 90,000 Containers
COSCO Pacific Ltd plans to spend $150 million buying 90,000 TEUs this year to boost the number of its containers by about 18 percent to 600,000 TEUs, company managing director Shi Qin said.
Bush Orders Review Of Military/Civilian Policies
President George W. Bush has ordered a review of all policy on civilian activity during military exercises after the sinking of a Japanese trawler in a collision with a U.S. submarine near Hawaii.
Maltese Dockworkers Balk At USN Ship Work
Some Maltese dockworkers refuse to carry out a planned $8 million refit of the U.S. Sixth Fleet flagship La Salle because this would violate Malta's neutrality.
New Shipowning Venture on the Internet
The beginning of what is being touted as one day being the Greatest Shipowning Venture on Earth was launched at midnight last night. With the marriage of Shipping with the IT-age through the Internet…
Litton Awarded $105.5M Contract
Litton's Ingalls Shipbuilding won the U.S. Navy contract modification valued at $105.5 million for initial funding of the ongoing repair and restoration of the Aegis…
First USCG Approved ECDIS Training Couse
The first United States Coast Guard approved ECDIS training course will be offered at Pacific Northwest Maritime Institute as of Monday, February 26, 2001 at the…
Sub Disaster: Civilians Deny Responsibility
Two of the civilians aboard a U.S. submarine that collided with a Japanese trawler -- one of whom pulled levers to surface the sub -- denied that they distracted…
S&P Cautions On CP Ship After The Split
Standard & Poor's placed its triple-'B'-corporate credit rating on CP Ships Holdings Inc. and its triple-'B'-minus corporate credit and senior unsecured debt ratings…
HSBC Recommends Exel
HSBC upgraded its recommendation on British logistics group Exel Plc to "add" from "hold" with a target price of 1,028 pence. "With uncertainty over the global GDP growth outlook…
Cheap Seats Hurt Princess Cruises
Cheaper tickets for Caribbean cruises filled the decks but hit the finances of P&O Princess Cruises Plc last year when profits fell 11 percent. Most of the damage was reported in the fourth quarter…
Spellar’s Reply To Rosyth “Firing” Plans … Rubbish
Leaders of Britain's defense unions claim to have uncovered secret plans to axe over 1,400 jobs at Scotland's Rosyth naval base as part of a wider Ministry of Defense shake-up of navy repair services.
