Fain To Sell $3.8 M In Company Stock
Royal Caribbean Cruises Ltd. chairman and chief executive officer Richard Fain plans to sell about $3.87 million of the company's stock, a Securities and Exchange Commission filing said.
Attica Acquires Stake In Strintzis
Passenger shipping firm Attica Enterprises signed an agreement with shareholders of Strintzis for the acquisition of an approximate 38 percent stake in Strintzis.
Stena Reports Losses After Abolition of Duty-Free Sales, Remains Optimistic
The chief executive of Swedish ferry operator Stena Line AB shrugged off fears of losing sea travelers as fares rise and more bridges and tunnels are built, saying…
Exxon, Mobil Address EU Concerns Regarding Merger
Exxon Corp. and Mobil Corp. have moved to address European Commission concerns about their merger in the natural gas sector in Germany and over an existing European…
TotalFina, Elf Seeking 'Friendly End' To Takeover Battle
TotalFina Chairman Thierry Desmarest said that relations with rival Elf Aquitaine had entered a more relaxed phase and said he would seek a friendly end to their takeover fight in the coming weeks.
PDVSA Resignation Pace Picking Up
The list of high-level resignations at Venezuelan state oil giant Petroleos de Venezuela grew longer last week, with confirmation that David Escojido, the vice-president of project transformation…
Thai Prime Minister Denies Canal Reports
Thai Prime Minister Chuan Leekpai has denied reports the government plans to build a canal across southern Thailand, bypassing the busy Malacca Straits shipping lane…
South Africa's Shipping Industry All Set For Y2K
South Africa's Transport Minister Dullah Omar said the country's aviation and shipping industries will ride out any possible glitches caused by the millennium bug computer problem.
RCI President Apologizes For Alaska Pollution
The president of Royal Caribbean International toured ports of call in Alaska on Friday to apologize in person for the pollution of the state's waters by the cruise line's ships.
New Product Stops Hull Leaks, Promotes Environmental Safety
21st Century Technologies Inc. has announced that a new product, the Sea Patch, has completed extensive testing by a major oil company. This system, patented by Los Alamos National Laboratory…
Internet Can Help Shipping Companies Cut Costs, Say IT Firms
Shipping companies, criticized for being slow to modernize, are being targeted by information technology (IT) companies seeking a slice of a container management…
Safmarine, Golden Ocean Avoid Court Fight
South African Marine Corp Ltd. (Safmarine) said that a court bid by another firm seeking its liquidation had been withdrawn and that the company would continue with business as usual.
Ship Wreck Causing Additional Legal Woes
Sri Lanka is considering legal action against a local shipping firm if it does not remove the wreck of a Turkish ship that broke up while being towed ashore. Dhanapala Weerasekera…
Planning, Not Technology, Is Key To Spill Avoidance
Good planning, and not super high technology is the key to fighting tanker oil spills, Ian White, managing director of London-based International Tanker Owners Pollution Federation Ltd.
Coflexip Strengthens Deepwater Capabilities With Upgrade
Coflexip Stena Offshore has announced that the board of directors of Coflexip approved the upgrade of the CSO Constructor which will allow the group to offer its…
First Woman Takes Panamanian Presidency
Panama's first woman president was due to take power last Wednesday, four months before the tiny nation takes control of one of the world's most important waterways, the Panama Canal.
Moore's First Priority At WTO: Helping The Poor
Mike Moore, taking over as new head of the World Trade Organization, pledged on Wednesday that he would devote "all efforts" to help poor countries to benefit from freer global trade.
Arctic Ice Build-Up Likely To Cause Shipping Disruptions
Severe weather in Russia's Arctic already led to the build-up of more ice than normal for this time of year and is likely to cause major disruptions to shipping by October…
Europe Gives U.S. The Raspberry
In an apparent flexing of newfound muscles, the European Union is picking another trade fight with the United States, threatening to file a World Trade Organization complaint against the U.S.
Controversial Brent Spar Disposal Costs Soar
Shell U.K. Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. At a feedback…
