Four Ferries Taken From Service
China's southern province of Hainan has withdrawn four ferries with sub-standard equipment from service after 280 people died in a shipwreck last month. The move…
Carnival Victory Floated Out In Italy
Carnival Cruise Lines new 102,000-gt cruise ship Carnival Victory was floated out of the shipyard last Wednesday at shipbuilder Fincantieri Cantieri Navali. The ship is 272 m long and has 1…
Malta Docks To Bid For U.S. Navy Work
Malta Drydocks last week signed an agreement with the United States Navy enabling it to bid for ship repair work on U.S. vessels but the opposition Labor Party said…
Austal To Establish American Operation
Australian shipbuilder, Austal, the world's largest builder of high speed ferries, signed a joint venture agreement to establish an American shipbuilding presence - Austal USA.
U.S. Builders Make Waves At Year End
While consolidations and closures continue to reshape the ship and boatbuilding industry worldwide, 1999 ended on some positive notes, particularly for ship and…
U.S. Builders Make Waves At Year End
While consolidations and closures continue to reshape the ship and boatbuilding industry worldwide, 1999 ended on some positive notes, particularly for ship and…
Cruise Lines Face Y2K Conundrum
The world’s biggest cruise lines have made their own computers shipshape against Year 2000 glitches but still face possible electronic squalls arising from problems…
Offshore E&P Spending To Rise 15% in N. America
Offshore oilfield service stocks, to put it mildly, have endured a wild ride for much of 1999. The once high-flying sector actually hit the skids in concert with the late 1997 Asian financial crisis…
Maritime 2000 and Beyond
The changeover to 2000 means many things to many people, on both a personal and professional level, as the end of the millennium serves as a handy measuring stick…
Carnival Weathers Kosovo Crisis, Posts 4Q Profit Rise
Carnival Corp. officials reported that the company weathered the last ill-effects of a European downturn from the Kosovo fighting and posted an 8.1 percent increase in fourth-quarter share profits.
Clean Tankers Headed Both Ways Across Atlantic
Oil products tankers have reportedly been getting business in recent days transporting oil products from Europe to America and the reverse direction. Usually the arbitrage works only one way…
Daewoo To Build ULCCs For Loews Unit
Daewoo Heavy Industries has agreed to build two 442,500 dwt, ULCCs for Majestic Shipping Corp., a subsidiary of Loews Corp. Majestic also has options with Daewoo to build two additional vessels.
French Officials Demand Stricter Maritime Regulations
French Environment Ministry Officials have demanded tougher maritime laws as thick fuel oil from a tanker that split up one week ago edges closer to the country's Atlantic coastline.
Chief Officer Was Drunk When Ship Ran Aground
The Polish chief officer of a cargo vessel that ran aground off the coast of Scotland reportedly admitted that he was drunk at the time. Jerzy Pawluk pleaded guilty…
Danube Blockage Seen Lasting Through Winter
The collapsed bridges blocking the River Danube since NATO's March-to-June bombing of Yugoslavia are likely to remain there through the winter, sources said. Despite…
Star Surprises NCL With Takeover Bid
Singapore-listed Star Cruises Plc launched a surprise takeover bid for Norway's NCL Holding ASA on Dec. 17, after U.S. giant Carnival Corp. bowed out of a battle for control.
Shipowners Pool Tankers To Become More Flexible
A group of leading shipowners are pooling their large oil tankers in a move to offer customers "one-stop shopping," officials of the newly-formed Tankers International said…
Govan Shipyard Warned That Future Depends On New Orders
BAE Systems Plc warned that future employment prospects at its Govan shipyard near Glasgow are wholly dependent on new orders being won. The group was announcing…
Shipsales Boost Finland's October Trade Surplus
Finland posted a record monthly trade surplus for October, boosted by a major deal by one of its shipyards and accelerating economic recovery. The customs board's…
SS&Y Capesize Indices Mixed
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 16 points to 4,444 in the week ending Dec. 13. "Rates in the Pacific have remained on or around…