USACE Hires Team for Lock Mitigation
The USACE, New Orleans District has hired a team to help implement a $33 million Community Impact Mitigation Plan for Industrial Canal lock-replacement in New Orleans.
Oil Prices Consolidate Gains As Ministers Back Cuts Continuation
Oil prices last Tuesday (Oct. 26) consolidated recent gains, moving sideways after a bounce last week. International benchmark Brent crude traded seven cents higher…
World's Biggest Cruise Liner Set To Sail To U.S.
The world's biggest cruise liner, the 311-m (1,035-foot) Voyager of the Seas, will set sail this week from Finland to the United States. The $500 million vessel…
Lazard Frères Renews 'Buy' Rating For NNS
Based on Newport News Shipbuilding's second quarter earnings increase, strong third quarter performance and high expectations for fourth quarter revenues, research firm Lazard Frères & Co.
The Profits Black Hole: Container Shippers Still Unable To Turn Growth Into Profit
A new report from Drewry Shipping Consultants Ltd., titled "Container Market Outlook," estimates that in 1998 carriers lifted 14.7 percent more cargo than in 1996 (more than 7.2 million teu)…
Milosevic, Not Debris, Is Blocking Danube Shipping
NATO Secretary General Lord George Robertson said that Serbia could not expect help to clear the Danube waterway of Kosovo war debris as long as Slobodan Milosevic remains president of Yugoslavia.
Hvide Marine Reports Third Quarter Loss
Hvide Marine Inc. today reported a net loss of $20.1 million or $.129 per diluted share on revenues of $86 million for the quarter ended September 30, 1999. In the period one year earlier…
Moore Stephens Branches Out To Russia
Shipping accountant Moore Stephens has continued its expansion in Russia by opening an office on Sakhalin Island in Russia's Far East. Martin Rix will move from…
Marinette To Launch U.S. Navy Vessel
Marinette Marine Corp. launched the U.S. Navy's Barracks Craft (APL-65) into the Menominee River at a ceremony on October 30. The vessel, which was christened and…
Graham Appoints New Partner
London-based law firm Lawrence Graham has appointed Charles Baker, an experienced maritime and trade lawyer, as a new partner. Baker, who has more than 25 years experience in maritime law…
Keppel Elects New Executive Chair
Keppel Corp. Limited and Keppel TatLee Bank Limited have appointed Lim Chee Onn as executive chairman upon the retirement of Sim Kee Boon, effective January 1, 2000.
GlobeOffshore Now Available From Globe Wireless
GlobeOffshore, the first fully integrated workboat management system, is now available from Globe Wireless. The system acts as a decision support tool helping to improve vessel utilization…
Baltic Exchange Launches New Dry Bulk Index
The Baltic Exchange will launch a new dry bulk cargo composite index on Monday, November 1. The BDI is a composite of the existing Baltic Handy Index, Baltic Panamax…
New Orders Increase Dramatically - But Orderbook Fails To Rise
New ship orders reported have increased dramatically, according to figures published by Lloyd's Register (LR) in its quarterly World Shipbuilding Statistics. In the quarter to June 1999…
Kvaerner To Deliver Prefabricated Cabins
German shipyard SSW Fähr- und Spezialschiffbau GmbH from Bremerhaven and Kvaerner-Masa Yards, Piikklö Works have signed a contract for the delivery of prefabricated…
S&P Lowers Pegasus Rating
Standard & Poor's lowered its corporate credit rating on Pegasus Shipping (Hellas) Ltd. (Pegasus) to triple-'C'-minus from single-'B'-minus. At the same time, Standard…
Chuan Hup To Buy 20 New Barges & Tugs
Marine shipping company Chuan Hup Holdings expects a new contract to ship coal to Indonesia to contribute significantly to group earnings in 2001, according to a company official.
Zeebrugge Traffic Up 6.6%
Total traffic through Zeebrugge port rose by 6.6 percent to 26.67 million tons in the first nine months of 1999. At the end of the year it expected total traffic…
LR Announces SSEE Winner
Compania Naviera Minera del Golfo SA de CV (Navimin) of Mexico has won the Standard Ship Emergency Exercise Award from Lloyd's Register (LR). The award was made to Mr.
Caterpillar's 3412E Provides High Power
Caterpillar's Engine Products Division has introduced the availability of a new, totally electronic 3412E marine diesel engine with ratings from 503 to 1,400-bhp (375-1…