Report: Diesel Power Key to Maritime Industry
Diesel powers the American economy -- including almost the entire commercial maritime fleet. This is the conclusion of an extensive study conducted by Charles River…
Kirby Corp. Announces Record Results
Kirby Corporation reported that for the fourth quarter ended December 31, 2000, net earnings were a record $9,088,000, compared with $3,974,000 for the 1999 fourth quarter.
Stewart & Stevenson Partners With Mercury
Stewart & Stevenson, a leading manufacturer, distributor and provider of service for industrial and energy related equipment, and a manufacturer of medium tactical vehicles for the U.S.
Noble Drilling Reports Results
Noble Drilling Corporation's reported net income increased 143 percent for the fourth quarter of 2000 to $51.9 million, or $0.38 per diluted share, on operating revenues of $241.2 million…
Texaco Announces Discovery Off Australia
Texaco announced two new gas discoveries in the Northern Carnarvon Basin, offshore Western Australia by joint ventures comprising Texaco, Chevron, ExxonMobil, Shell and BP.
Twin Disc Expands Marine Presence In Japan
Twin Disc is forming a majority-owned joint venture with Niigata Engineering Company, Ltd., of Tokyo, Japan. Twin Disc has had a long-standing and mutually successful…
Horizon, Cal Dive Form Joint Venture
Horizon Offshore, Inc. has entered into a letter of intent with Cal Dive International, Inc. (CDI) to conduct reeled pipelay projects in deepwater areas of the U.S. Gulf of Mexico.
Marex To Exhibit At IBEX
Marex.com, Inc. will have a significant presence at the International Boatbuilders' Exhibition and Conference (IBEX), scheduled for February 7-9 at the Greater Ft.
SEACOR To Acquire Gilbert Cheramie Boats, Inc.
SEACOR SMIT Inc. signed a definitive agreement to acquire Gilbert Cheramie Boats, Inc. and related companies. The transaction contemplates purchase consideration…
Evac, ZENON To Cooperate On Marine Waste Water Treatment
Evac, a leader in vacuum sewage technology, and ZENON Environmental Inc., a leader in providing advanced technology products and services for water purification…
Piracy Plague: "Flourishing" Piracy Up 57%
Cutlasses have been traded in for AK47s and galleons for high-powered speedboats, but pirates are still thriving and, according to a report released on Thursday…
Shipping Company Privatization Draws Bidders
Latvia's privatization agency said on Thursday several potential bidders were interested in a 68 percent stake in Latvian Shipping. The deadline to submit such expressions…
Hanjin Shipping Sees $59.3M Loss
Hanjin Shipping said it saw a net loss of 74.5 billion won ($59.3 million) in 2000 against a 36.8 billion won net profit in 1999. A Hanjin official said the depreciation…
Fourth Time A Charm For Latvian Shipping?
After five years of failed tenders and political turmoil, Latvia is once again bringing Latvian Shipping to the block in the hope of finally selling the company…
Atlantic Panamax Business Slows
The buoyancy detected in the Atlantic Panamax market over the past fortnight has waned, brokers said on Tuesday. Fresh orders from the U.S. Gulf were described as…
Taiwan's Evergreen Sales Fall
Taiwan's Evergreen Marine, the world's largest shipping company, said sales fell 8.57 percent in 2000 to T$19.955 billion. The figures were contained in a brief statement to the Taiwan stock exchange…
Stelmar Buys Osprey Tanker-Fleet for $212.5M
Airline chief Stelios Haji-Ioannou's tanker company Stelmar has agreed to pay $212.5 million for the bulk of the clean tanker fleet of Singapore-listed Osprey Maritime, Reuters reported on Wednesday.
India's Largest Port Damaged By Quake
Operations at India's busiest port, Kandla, have been affected by the powerful earthquake which devastated western India on Friday, but small ports nearby survived…
Newport News Wins $3.8B Carrier Contract
Newport News Shipbuilding Inc. won a $3.8 billion U.S. Navy contract to design and construct the 10th and last Nimitz-class nuclear aircraft carrier, CVN 77. The…
IHC Caland Profit Up
Dutch IHC Caland NV said on Monday preliminary net profit rose eight percent in 2000, and reflected on a "difficult and often frustrating year." Net profits are…
