Aker RGI Records 42% Drop
Norwegian industrial holding group Aker RGI recorded a 42 percent drop in first half operating profits, mainly pressured by weaker results for its offshore supply unit Aker Maritime.
LNG Signs $400 M Deal With Hyundai
A subsidiary of Nigeria liquefied natural gas (LNG) has signed a $400 million deal with South Korea's Hyundai Heavy Industries Co for the construction of two LNG…
Litton Marine Wins IBS Orders
Litton Marine Systems, subsidiary of Litton Industries has been granted orders to provide Integrated Bridge Systems (IBS) for Norwegian owners. The orders include two new 55…
Ulstein Brattvaag Awarded Supply Of Deck Machinery
Ulstein Brattvaag has landed contracts totaling $2 million by two of Japan's largest shipbuilders for the supply of deck machinery for a pair of LNG carriers. The…
Ulstein Nordvestconsult Garners Design Contract
Ulstein Nordvestconsult (UNVC), part of Vickers Ulstein Marine Systems, was awarded a contract comprised of the design of two 5,950-dwt RoPax ferries for a Greek shipowner.
Collision Continues To Block Ohio River
Marine traffic on the Ohio River was blocked Tuesday as cleanup efforts continued following the collision of a barge carrying gasoline and a docked barge filled with a plastic-making chemical.
Minoan Studies Adriatic Market Expansion
Minoan Flying Dolphins (MDF), a subsidiary of ferry operator Minoan Lines, is looking into deploying high-speed ships in the Adriatic market. MDF took out an option…
Bowsher Named Newport News Board Member
Newport News Shipbuilding Inc. named Charles Bowsher as a member of its board of directors. Bowsher served as the comptroller general of the United States from 1981 until October 1996.
Two RoLo's Ordered For $60M
Sweden's B&N Nordsjofrakt ,with Finland's Palkkiyhtyma, reportedly ordered two vessels costing $30 million each from Polish shipyard Stocznia Gdynia SA. The 14,800…
Plans For World's Largest Ship Steam Ahead
A group of U.S. investors has reportedly picked Honduras as the site to build the world's largest ship, which it plans to turn into a floating city. The so-called "Freedom Ship…
AMCV To Acquire MS Nieuw Amsterdam
American Classic Voyages (AMCV) has reached an agreement with Holland America line to buy MS Nieuw Amsterdam for $114.5 million, contingent upon various conditions…
Tampa Bay Shipbuilding & Repair Enters Agreement With Maritrans
Tampa Bay Shipbuilding & Repair Company has been chosen by Maritrans Operating Partners, a subsidiary of Maritrans, Inc. to retro-fit its second single-hull vessel…
IEA Warns Of Big Oil Supply Deficit Next Year
OPEC oil producers next year can look forward to accelerating world petroleum demand growth and only marginal extra supply from non-OPEC competitors, according to the International Energy Agency.
Daewoo To Spin Off Two Divisions
Daewoo Group reportedly plans to spin off Daewoo Electronics and the shipbuilding division of Daewoo Heavy Industries prior to their sale.
Attica’s Two New Ferries Expected In H1 2000
Two of Attica Enterprises’ six Superfast ferries under construction will reportedly join its existing four Superfast vessels by mid-2000.
Britain’s Cenargo To Buy Norse Irish Ferries
Cenargo International Plc has reportedly made an offer to buy Ireland-based ferry operator Norse Irish Ferries Ltd.
Egypt Signs Contract To Set Up A Container Station
The Egyptian Marine Transportation Sector and Suez Canal Company reportedly signed a contract to establish a container station in East Port Said harbor.
Conoco Talks On Azeri Field Expire Without Agreement
Conoco is reportedly was "considering all options" after failing to reach agreement in talks with Azerbaijan over a $1.2 billion deal to rehabilitate and develop a major oil field.
Daewoo, Creditors Near End Of Talks
Daewoo Group is reportedly in the final stages of talks with creditors on a blueprint to overhaul the embattled conglomerate amid media reports that its cash-rich brokerage would be sold.
Oil In Transit Volumes Starting To Drop
Volumes of oil in transit will reportedly start to fall away this month after dropping marginally in July, according to Oil Movements.
