Tampa Bay Shipbuilding Elects New President
Tampa Bay Shipbuilding & Repair Company announced the appointment of Mr. Walter J. Hartley Jr. (Joe) to the position of President and CEO. A native of Jacksonville…
Portuguese Dredger Sold
Dutch Koninklijke Boskalis Westminster NV bought fellow dredger Dragapor from the Portuguese government. The unit, which was put up for sale in December, will be…
Maltese PM Visits Libya
Maltese Prime Minister Eddie Fenech Adami left last week for a two-day visit to Libya expected to focus on oil and shipping. Government sources said talks with Libyan…
Yang Ming Profit Hits $55M
Taiwan's second largest shipping firm Yang Ming Marine said on Tuesday its net profit in 1999 reached T$1.675 billion ($55.3 million) The company's 1999 sales totaled T$45.168 billion ($1.5 billion)…
Capesize Rates Ease
Easier conditions were seen for Capesizes in the Atlantic sector of the dry cargo freight market, brokers said last week. Some brokers believed that the gap between…
EU, S. Korea Agree On Subsidies
The European Union and South Korea said last week that they had reached an agreement aimed at allaying European concerns that South Korean shipyards charged unfairly low prices.
Chilean Navy Rescues Ailing French Rower
The Chilean Navy picked up French rower Jo Le Guen from a British container ship after he abandoned his bid to cross the southern Pacific Ocean because of illness, the navy said.
French Politician Vows To Sue TotalFina Over Erika Mishap
Philippe de Villiers, deputy head of France's RPF dissident Gaullist party, has vowed to sue oil company TotalFina for polluting the French coastline after its chartered…
Sembawang Kimtrans Close To Securing Contract
Singapore's Sembawang Kimtrans is close to securing a $110 million five-year logistics contract, which will boost its annual turnover by more than 50 percent, managing director Peter Tan said…
RINA Report Spreads Blame In Ship’s Loss
Facing intense international scrutiny from within and outside the maritime community following the break-up and loss of the Maltese-flag tanker Erika, Italian classification…
London Club increases tonnage
The London P&I Club took on about a million gross tons of new business at renewal on February 20 this year, bringing its total entry to thirty million gross tons.
Keppel FELS clinches $110M rig order
Keppel FELS Limited (KFELS), the offshore arm of Keppel FELS Energy & Infrastructure Ltd. (Keppel FELS), has signed a contract with Chiles Offshore LLC (Chiles)…
Kvaerner Drops Plan To Dump Shipyards
Kvaerner ASA has postponed a planned sale of its Masa-Yards Finnish shipbuilding unit in a new setback to its goal of exiting shipbuilding. Kvaerner said it had…
Offshore Week
PanCanadian Petroleum Ltd., Canada's No. 2 oil company, could soon be on track to develop an East Coast offshore gas project to rival the huge Sable Island project, its chief executive said.
British Rower Plucked From Sea
A lone British rower on a cross-Pacific odyssey who had eaten nothing for two weeks but a flying fish was rescued from his boat after a Coast Guard search plane found him, officials said.
DUC Natural Gas Production Up 6.9%
Danish Underground Consortium`s (DUC) production of natural gas from its North Sea fields increased 6.9 percent year-on-year in March, operator A.P. Moeller said.
Russian Tanker Stopped For Suspected Smuggling
A Russian tanker was intercepted in the Gulf on Thursday on suspicion of smuggling Iraqi oil in defiance of U.N. sanctions, a U.S. admiral said. The Akademik Pustovoyt…
Panama Canal Income Slips
Toll income at the Panama canal between October and February slipped 2 percent to $240 million, compared with the same period a year before, the Panama Canal Authority (ACP) said.
Saab Awaits ASC Ruling
Swedish defense group Saab AB said it understood the Australian government wished to negotiate about Saab's stake in the Australian Submarine Corporation (ASC),…
Aker Brattvaag Acquires Romanian Yard
Norway’s Aker Brattvaag AS, a unit of Aker RGI signed a contract with Romania's main privatization agency to acquire a majority stake in a local shipyard. A statement…