N. Sea Production Cut By Freeze
Freezing weather in the North Sea has forced the shut-in of close to 600,000 bpd of Norwegian oil production and is hemming in another 470,000 bpd of UK output, operators said.
MacGregor's Corex Panels Are Basis Of Premiere Project
The first conversion project using replacement hoistable car decks based on MacGregor's new Corex panels are expected to provide weight savings on a 1979-built local ferry.
MacGregor's Corex Panels Are Basis Of Premiere Project
The first conversion project using replacement hoistable car decks based on MacGregor's new Corex panels are expected to provide weight savings on a 1979-built local ferry.
Alstom Receives Order For Ship Set Trio
NASSCO has chosen Alstom Power Conversion to supply the electric power propulsion and automation package for three ship sets plus options on an additional three…
High Speed Ferry Set For Block Island
Beginning this summer, passengers traveling from Point Judith to Block Island, R.I. will be able to complete their travel in about half the time it normally takes…
S&P Lowers Cruise Ratings
Standard & Poor's lowered its ratings on the class A and B notes issued by Cruise Ship Finance Ltd. to triple-'B'-minus from triple-'B' and removed the ratings from…
Panamax Sector Is Soft
The Atlantic panamax sector remains soft, shipbrokers said, adding that the number of spot ships available for hire is keeping freight rates depressed especially as new business is limited.
Celebrity Cancels Summer Israel Calls
Celebrity Cruises canceled summer port calls at Haifa, Israel, by its Millennium ship, saying the itinerary change was meant to ease passenger fears about political violence in the region.
Transas Supplies Full Mission Shiphandling Simulator To Croatia
Transas has supplied a full-mission bridge simulator, Navi-Trainer Professional 3000, to the training center of Split Ship Management, Croatia, to be officially opened on March 1, 2001.
Keppel Earnings Strong
Singapore conglomerate Keppel Corporation (KepCorp) and its units will report record profits over the next week, but a lack of progress on the restructuring front…
Cummins Great Lakes is Newest ALGAE-X Distributor
Algae-X International is pleased to announce its distribution agreement with Cummins Great Lakes Inc. Cummins Great Lakes Inc. is one of the largest Cummins Engine…
Leica Appoints J. Janson As New Rep
Leica Geosystems Inc. has announced the appointment of J. Janson Company as sales representative for the Northeastern United States and Eastern Canada. The territory…
ABS Withdraws From RINA Negotiations
Citing irreconcilable differences in the structuring of a proposed alliance between ABS and RINA, ABS has withdrawn from further negotiations with RINA. "It is our…
Atlantic Rates Take a Beating
Freight for million-barrel tankers has taken a severe beating on routes from their traditional strongholds of West Africa and the Mediterranean, brokers said Friday.
Panama Container Traffic on the Rise
Container traffic handled by Panama ports rose 7.2 percent in 2000 to 1,359,640 Twenty-Foot Equivalent Units (TEUs), the Panama Maritime Authority (AMP) said on Thursday.
Low Freight Rates Cut Costs for Importers
Oil freight costs that have fallen sharply from record peaks two months ago are helping reduce energy import bills already eased by lower crude prices. Tanker market…
Newport News Reports Flat 4Q Earnings
Military ship and submarine builder Newport News Shipbuilding Inc. on Friday posted flat fourth-quarter earnings, but beat targets in part on a ramp-up in activity…
VLCC Rates Bottom Out
Tanker rates have plummeted over recent weeks, sending VLCC owners groping around for the bottom of the market, which, according to brokers, has apparently been found.
NNS Announces $100M Share Buyback
Military ship and submarine builder Newport News Shipbuilding Inc. approved a $100 million share buyback program. The amount of the buyback is equivalent to nearly…
Navigazione Montanari Orders Two Ships
Italy’s Navigazione Montanari SpA has reportedly ordered a pair of petrochemical carriers from Hyundai for $25 million, for delivery in 2002 and 2003. Montanari…
