Going Down With The (Cruise) Ship
The fickle fate of finance has clubbed yet another maritime niche, one that has been an overachiever for much of the past decade. The cruise industry, riding high for more than half a decade…
Wärtsilä, John Crane-Lips In Marine Propulsion Deal
In a move which firmly signals that marine propulsion power consolidation of resource is far from complete, Wärtsilä NSD and TI Group, on behalf of John Crane-Lips…
More Navy Ships For Less Dollars?
As it becomes abundantly clear that a major injection of dollars is not imminent for the U.S. Naval shipbuilding sector, industry leaders met last week to mull ideas on getting more for less.
Casualties
Paradip, India: The holed Panamana-flag bulker Countess has completed repairs at Paradip, India, Reuters reported. The vessel was found to be taking water on May 27.
OPEC’s 20-Day Wait
As the price per barrel for oil continues to rise and pressure increases on OPEC to release additional supplies, it appears that there is continuing confusion regarding…
Sunken Drydock Blocks Shipping Channel
A Louisiana shipping channel used to supply crude oil to two big Gulf coast refineries has reopened to most ships but very large vessels may still not be able to get through, the U.S.
SAIT-Stento To Issue 1.2M New Shares
Communications services group SAIT-Stento will issue 1.2 million new shares at a maximum price of 32 euros each to make its stock more liquid and raise money for future acquisitions.
India to Hijackers: Get Out
India has asked an Italian merchant ship and 14 stowaways who hijacked it last week to leave the country as soon as possible, a Coast Guard official said. The ship…
Tanker Blaze Claims Life
Greek firefighters brought a blaze aboard a small Greek tanker under control and found the body of a missing crew member. The fire broke after an explosion ripped…
Enron Close To Deal For Venezuelan LNG Plant
Venezuelan state oil company Petroleos de Venezuela (PDVSA) is reportedly preparing to sign an agreement with Enron to build the country's first liquefied natural gas (LNG) export plant.
Is The Tanker Top Near?
Oil tanker markets are again knocking at price barriers with year-highs expected to tumble as demand exceeds supply of modern ships, brokers were reporting. Shortages…
Seacor Smit Drilling Unit Chiles Offshore Files IPO
Chiles Offshore LLC, the 55-percent owned unit of offshore oil exploration company Seacor Smit Inc., has filed for an initial public offering of 8 million common shares in a range of $17-$19 each.
Marine Innovations
In extending its adherence to delivering cost-efficient and safety driven technologies, DNV has introduced a new means of quickly and accurately determining steel thickness can speed ship surveys.
Shipbuilders Discuss Gameplan
Shipbuilding leaders convened in Washington, D.C. recently to discuss the means and methods to propel the U.S. shipbuilding market at the dawn of the new millennium.
Crewboats More Size, Weight And Power
In recent years the demand for large crew boats has continued to grow in the U.S. Gulf of Mexico and has increased in some foreign markets, such as West Africa and Mexico.
The New Age Of Containerization
While the 1970s could be called the decade of the tanker, and the 1980s that of the bulk carrier, without a doubt the 1990s will be most widely recognized in maritime…
Setting a Course For Stability?
To characterize the business of carrying oil aboard tankers of any size or route as stable — would be foolhardy at best. But as curious as the market's undulations may appear to those on the outside…
Dot Com, Maritime Style
Much as has transpired in mainstream consumer markets, the dot com craze has recently enveloped the maritime world with promises of cost savings and operational efficiencies.
Tradiant Melding The Best Of Tech And Transport
The creation of broad stroke, groundbreaking business deals are traditionally portrayed as being hatched on the golf course, at an exclusive social function or within…
Transforming a Transportation Company into A Successful E-Business
The maritime industry is at an historic crossroad — and the direction that companies take can determine whether their future is filled with success or failure.