France Wants Black Boxes For Tankers
Searching for ways to avoid oil spills, France has proposed installing a "black box" on tanker ships to track what they are carrying and whether they empty their bilges illegally on the high seas.
Royal Caribbean's First Quarter Net Rises 17 Percent
Royal Caribbean Cruises Ltd., a leading cruise ship company, on Monday reported a 17 percent rise in first-quarter net income. The company posted a net income of $105.5 million for the first quarter.
Kirby 1Q Net Flies High
Kirby Corporation – which operates 774 inland tank barges, with 14.0 million barrels of capacity, and 229 towing vessels -- reported net earnings for the 2000 first quarter of $6…
U.K. Government Pressured To Award Locally
Trade and Industry Secretary Stephen Byers last Thursday promised the government would give "fullest consideration" to Govan shipyard's bid for a defense contract for roll-on roll-off ferries.
Defense Companies Rebound
Defense companies, which have suffered mightily on the stock markets of late, took a sharp upturn, led by General Dynamics Corp., which posted strong earnings last…
Dutch Company To Build Harbor
Dutch construction group Ballast Nedam won a $63.83 million contract to build a harbor in the Gaza area. The construction will be financed by the Dutch and the French government…
Erika To Be Emptied
TotalFinaElf picked Coflexip Stena Offshore and Stolt Offshore to pump oil from the tanker Erika, which sank off France's Atlantic coast. TotalFinaElf, which has…
RINA Strikes 22 Ships From Register
RINA, the Italian shipping standards body, which has taken enormous heat for passing as seaworthy the tanker Erika which broke up off France, has struck 22 ships off its books.
Iran Needs 34 New Oil Tankers
Iran said its needs up to 34 new oil tankers to refurbish and expand its ageing fleet. Iran currently owns or has placed orders for a total of 36 tankers, said Mohammad Souri…
Japan's March Ship Orders Up 23% From Last Year
Ship export contracts concluded by Japanese shipyards in March totaled 20 vessels, or 781,290 grt, an increase of 23.3 percent from a year earlier, an industry body said.
Singapore VLCC Rates Break Worldscale 100 Barrier
Tanker rates for early liftings from the Middle East to short-haul Asian routes have burst through the Worldscale 100 points barrier, brokers said. An early May…
French Petroleum Industry Says Governments Don't Enforce Shipping Rules
The French petroleum industry union says governments are too lax in applying rules on oil tankers and has called for Europe-wide laws forcing shipping companies…
Tanker Spills Oil During Panama Canal Transit
The Panama Canal Authority (PCA) forced a Greek-registered tanker to abandon a transit of the Panama Canal on April 18 after waterway workers noticed the ship was leaking crude oil.
Japan To Fund Romanian Port Study
Japan's International Cooperation Agency (JICA) will finance a study to rehabilitate and upgrade the Black Sea port of Constanta, Transport Ministry officials said.
Transportation.com Names Skinner Chairman
Transportation.com, a start-up online transportation site for shippers, carriers and private fleet operators, has named former U.S. transportation secretary Samuel Skinner as chairman of the board.
Star Positions Ship In Dubai
Malaysian cruise operator Star Cruises Plc has positioned a 100-passenger vessel in Dubai in efforts to cover West Asia, company officials said. "The coverage of…
Strike Paralyzes Casablanca Port
A strike by approximately 3,000 civil servants and dockworkers stretched into its sixth day Tuesday, and continued to halt operations at Morocco's main port of Casablanca.
Iraqi Exports Almost Double
Iraqi oil exports almost doubled to 2.2 million bpd for the week ended April 14, but the price Baghdad got for its oil fell below $20 for the first time since last October, the United Nations said.
Sanyo Hellas Buys Stake In Torm
Greek holding group Sanyo Hellas has acquired a 16.5 percent equity stake in Danish shipping firm Torm. The transaction was completed on April 17 on the Copenhagen bourse.
Dubai Ports, Oracle Announce Joint Venture
Dubai Ports Authority (DPA) and the Jebel Ali Free Zone announced a joint venture with Oracle Corp. to establish the region's first e-business market. The Dubai…