Canadian Coastguard Ousts Supertanker From Its Waters
The Canadian Coastguard has banned a damaged 24-year-old supertanker, Eastern Power, from entering its waters, saying the onus is on its owner, Singapore-based World-Wide Shipping…
Tanker Market Remains High In Atlantic Basin
Tanker action was again focused in the Atlantic Basin this week, and though VLCCs edged in on the West African market, million-barrel tankers shrugged off the competition.
Kuwait In Trouble With Iraqi Authorities
Iraqi authorities told Kuwait on Friday it was "playing with fire" in seizing five vessels loaded with goods shipped from Iraq in violation of United Nations sanctions.
Bollinger Signs Pact With Incat For High Speed Vessel
Bollinger Shipyards and Incat Australia have come to an agreement to market and build high speed vessels to Incat designs in the U.S. Known for its K Class aluminum catamarans…
U.S. Lines' M.S. Patriot Is Christened In Hawaii
United States Lines' premiere vessel, the 1,212-passenger MS Patriot arrived on Thursday at its homeport of Honululu, Oahu as the newest and largest cruise vessel…
Teekay Shipping Appoints New Director
Teekay Shipping has elected Eileen A. Mercier to its Board of Directors to fill the vacancy created by the retirement yesterday of Steve G.K. Hsu, who had served on Teekay's board since 1993.
Royal Olympic Cruises Appoints New Executives
Royal Olympic Cruise Lines (ROCL) has elected George Stathopoulos to the position of acting CEO. At the same time, Stathopoulos maintains responsibility for the…
Cold Spell Halts Mississippi River Barge Traffic
Barge traffic on the upper and mid-Mississippi River was slowing this week as a cold snap in the U.S. Midwest created ice on the Mississippi at Guttenberg, Iowa…
Six-Day Strike Ends At Mongla Port
Mongla port workers ended a six-day strike on Thursday after being assured authorities would investigate the deaths of four people and the wounding of 100 others…
Antonini Re-Elected To Top Spot Of European Consortium
Corrado Antonini, executive chairman of Italian shipbuilder Fincantieri, has been re-appointed to the presidency of the Euroyards consortium for the next two years, Fincantieri said on Wednesday.
Libya Commences Release Of Detained Fishermen
Libya has begun to release 149 Egyptian fishermen detained for the past month on suspicion of fishing illegally in Libyan waters, a foreign ministry official said on Thursday.
Yemen Plans To Prosecute Suspects Behind USS Cole Disaster
Yemen has sent prosecutors to begin work on the case of the apparent suicide bombing of a U.S. destroyer in Aden and plans to put the six suspects on trial next month…
EC Probes Further Into Aker Maritime's Transaction With Kvaerner
The European Commission said on Thursday it had opened an in-depth four-month investigation into plans by Norway's Aker Maritime ASA to buy a 26.7 percent stake…
Carnival Cruise Lines' Tropicale To Be Transferred To Costa Cruises
Carnival Cruise Lines reported today that it will transfer its 1,022-passenger Tropicale to sister company Costa Cruises in February 2001. Prior to its delivery to Costa…
OMU Holds Rally Today At WorkBoat Show
Offshore Mariners United, (OMU), a federation of five U.S. maritime unions organizing workers in the Gulf of Mexico oil patch offshore service industry, will hold a rally in front of the Ernest N.
OMI Corp. Elects New Director
OMI Corp. has appointed Donald C. Trauscht as a director - he currently serves as chairman of BW Capital Corp. Prior to his current position, Trauscht served as chairman and CEO of Borg Warner Corp.
Despite Low Earnings, Litton Surpasses NYSE Forecasts
Military shipbuilder Litton Industries Inc. on Wednesday reported lower fiscal first-quarter earnings, but surpassed Wall Street forecasts due to strength in its recently refocused core operations.
Reprieve Expected to Aid Telstra's Offshore Issues
Now that British Telecommunications' jumbo $10 billion global bond issue is out of the way, Australian Telstra's offshore issues, clear losers in recent sessions…
Litton Ingalls To Repair USS Cole
The USS Cole, battered by an apparent suicide bombing in Yemen, will arrive in Mississippi next week for extensive repairs, a top U.S. Navy source said on Tuesday.
Outboard Marine To Lay Off 1,000
Boat manufacturer Outboard Marine Corp. said on Tuesday it plans to reduce its worldwide workforce by about 1,000 employees, or about 14 percent of its staff, and…
