Sumitomo And Mitsui Finalize Merger Conditions
Sumitomo Marine & Fire Insurance Co. and Mitsui Marine & Fire Insurance Co. on Tuesday announced terms under which they will merge next October, creating Japan's…
EU Agrees To WTO Action
European Union member governments agreed on Tuesday that the EU should launch World Trade Organization (WTO) action against South Korea unless Seoul changes the…
NYSE Suspends Trade Of NCL's American Depositary Receipts
The New York Stock Exchange on Monday said it had suspended trade of Norwegian cruise operator NCL Holding ASA's American Depositary Receipts due to the purchase of the company by another cruise line.
Bintulu Port Holdings To Offer New Shares
Malaysia's Bintulu Port Holdings, which runs the nation's largest LNG port, plans to offer 100 million new shares to raise at least 400 million ringgit ($105.2 million) under its IPO.
Russian Defense Minister Hopes For Coordinating Rescue Efforts
Russia's defense minister said on Tuesday he hoped NATO and Moscow could agree on coordinating efforts to save submarine crews - but he carefully avoided pointing…
Aircraft Carrier Is Unwelcome In Bosphorous Straits
Turkey said on Tuesday it would bar the passage of a large, decommissioned aircraft carrier through Istanbul's busy Bosphorus straits after China said it wanted…
Denbridge Digital To Provide Offshore Protection To Esso
ESSO Production Malaysia Inc. (EPMI) has placed an order with Radii Teknologi Sdn. Bhd., the Malaysian representative of the VTS Group of Denbridge Digital for…
Royal Caribbean Declares Dividend
The Board of Directors of Royal Caribbean Cruises Ltd. has declared a quarterly dividend of $.13 per share for shareholders of record at the close of business on December 19…
Ensolve Biosystems' Senior Scientist Receives Top Honor
Dr. Donald W. Kelemen, senior scientist of EnSolve Biosystems, has been selected as an honoree for the 2000 American Chemical Society's Industrial Innovation Awards Program. Dr.
SSY Indices Fall
Shipbrokers Simpson, Spence and Young's Pacific Capsize Index fell 401 points in the week ending Monday to 5,618. "The Index is higher than it was a month ago and…
EU Investigates Unfair Trade Practices
The European Union is to investigate alleged unfair trade practices by South Korean shipbuilders, a move that could lead to a World Trade Organization (WTO) case, Reuters reported.
FGH And Ocean Rig Sign Cooperation Agreement
Friede Goldman Halter (FGH) and Ocean Rig have signed a cooperation agreement related to the completion and delivery of Ocean Rig's Bingo 9000-1 and Bingo 9000-2 offshore drilling rigs…
Tanker Grounding Renews Safety Calls
The grounding of the oil tanker Westchester in the Mississippi river has had no immediate impact on the freight market but brokers say it could spark a longer term flight to quality…
Latvian Shipping Given OK To Sell Refrigeration Fleet
The Latvian privatization agency cleared Latvian Shipping to sell part of its loss-making refrigerator fleet to concentrate on its core tanker business, Reuters reported.
Diesel Engine Market Expands
Finnish engineering group Wärtsilä said its share of the global marine engine market in the 12 months to end-May dipped to 28 percent from 29 percent a year ago, but the market had grown considerably.
Oil Spill Closes Mississippi
The Mississippi River was shut to all vessels Tuesday night after the Westchester, a 13,000-barrel crude oil spill near the mouth of the river some 60 miles south of New Orleans, the U.S.
Intertanko Names New Managing Director
Intertanko announced that Dr. Peter Swift (55) has been appointed as the new Managing Director of the Association after Mr. Dagfinn Lunde. He will take up his new position as from 1 February , 2001.
Graykowski Joins Dyer Ellis & Joseph
Former Deputy Administrator of the U.S. Maritime Administration (MarAd) John E. Graykowski has joined the law firm of Dyer Ellis & Joseph as a shareholder. Since…
Bulk Carrier In For Repair
The Maltese-flag bulk carrier Fortuna Europa arrived in Yokohama on November 27 for permanent repairs to damage sustained at Balboa in September, Reuters reported.
U.S. Stock Build Eases Oil Pricing
U.S. crude stocks last week rose for the fourth straight week though low import levels kept the increase below expectations, according to the American Petroleum Institute (API).
