Globe Wireless Establishes Communications Center
Globe Wireless released its Globe Communications Center (GCC), designed to streamline onboard messaging and data file transfers for commercial marine vessels. The GCC…
Leica Gets Smart With New Antenna
Leica Geosystems has added a new product to its line - a "smart" DGPS antenna - providing accurate position and velocity inputs to a laptop, or other system. A single integrated unit…
Germanischer Lloyd Gains Approval
In time for the effects of the Pressure Equipment Directive (PED) 97/23/EC, Germanischer Lloyd (GL) has been accredited by the Central Authority of the Laender for…
Hvide Marine Confirmation Expected
Hvide Marine Inc. stated that the U.S. Bankruptcy Court for the District of Delaware is expected to confirm the plan of reorganization proposed by the company in its Chapter 11 case on December 9.
Turner To Retire As General Dynamics President
James E. Turner will retire as president and COO of General Dynamics on January 15 - a position he has held since June 1997. Turner, who also led the company's Marine Systems Group since October 1995…
Abu Dhabi Forms Joint Fast Containership Line
Abu Dhabi Investment Company has established Abu Dhabi Container Lines Limited (ADCL) with Norasia Shipping Limited, Switzerland. The new venture will acquire and…
UAE: $30 Barrel Will Not Trigger OPEC Action
The United Arab Emirates oil minister suggested in remarks published last Thursday that a brief spike in oil prices to $30 would not trigger a response by OPEC to raise output…
Saudi Arabia Will Fill Need Created by Y2K Problems
Saudi Arabia's stands ready to step in and replace any oil supplies that may be disrupted because of Y2K computer problems. " Saudi Arabia's unused oil production…
NOL Shares Drop On Re-Rating Rumor
Shares of Neptune Orient Lines (NOL) fell almost seven percent in heavy trade on talk there was some re-rating of the stock following changes in the Morgan Stanley Capital International (MSCi) index.
USACE Details Mississippi River Lock and Dam Closures
Several locks and dams on the upper Mississippi River will be closed to all navigation from January to early March for maintenance and repairs, the U.S. Army Corps of Engineers (USACE) said.
OPEC Production Falls
OPEC oil production fell 700,000 bpd in November, driven down by deep cuts to Iranian and Iraqi supply. The group's compliance rate with supply curbs improved to…
CPC To Award Two VLCC Crudes
Taiwan state-owned Chinese Petroleum Corp (CPC) is likely to award two VLCCs of West African crudes in its January tender, traders said. They said the grades to…
IEA: Oil Inventories Plummet
Oil inventories fell sharply again in October and stockdraws in major Consuming regions are expected to accelerate in Coming winter months, the International Energy Agency (IEA) said last week.
Daewoo Wins Ship Orders
Beleagured Daewoo Heavy Industries won $230 million in ship orders from Companies in Hong Kong and Europe. Daewoo reported earned an order to build a bulk carrier from Hong Kong's Tai Chong Cheang Co.
CCL: Would Seek Oslo Listing With Successful NCL Bid
Carnival Corp. would seek an additional listing on the Oslo stock exchange if it succeeded in its bid to take over Norwegian cruise firm NCL Holding ASA. Carnival…
NCL Retains Financial Advisers
NCL Holding ASA appointed Orkla Finans and Morgan Stanley as financial advisers following a takeover bid from Carnival Corp. Carnival, the world's largest cruise operator…
Norway Extends Cutback To Q1 2000
Norway, keeping in step with OPEC, will extend a 200,000 barrels per day (bpd) curb to oil output to the end of the first quarter of next year.
Suezmax Rates Set To Soar
Surging Suezmax tanker rates are set to soar if Iraqi exports come back on stream next week, shipping brokers contend. Rates for the one million barrel tankers have…
Bulk Shipping: Profitability Dependent On Safety
Bulk Shipping has been under the international microscope of late, with spectacular structural failures resulting in sudden loss of lives and ships, vexing designers…
Koreans Consider Marine Propulsion Consolidation
Korea Heavy Industries and Construction Corp. said Daewoo Heavy Industries has expressed willingness to join it in a planned ship engine joint venture. A spokesman…