Aalborg Buys Marine Boilermaker
Aalborg Industries bought Dutch marine boilermaker Wiesloch Marine & Industries/Wiesloch Beheer.
R&B Falcon Barge Destroyed
R&B Falcon Corp. reported that one of its inland drilling barges was destroyed in a blowout and fire at a natural gas well in southern Louisiana. The loss of the…
Fleet Finance Negotiations Continue
Ukraine's Ukrrichflot is reported to be negotiating a new loan to build five ships. The company owns the country's largest fleet, with 68 passenger ships and 248 freighters.
Score One For The Crews
In a good news/bad news ruling, a London judge ruled in an appeal case that a crew's rights to wages from the proceeds of a vessel's sale took precedence over a bank holding a mortgage over the ship.
OMI Wants Out
OMI Corp. reportedly plans to withdraw from its Singapore joint venture with Heidenreich Marine Ltd. after not being able to agree on terms to join with International Product Carriers Ltd.
Oil Rallies
Oil markets added to 18-month, in part driven by OPEC output cuts which burrowed further into surplus inventories in major Western consuming countries. On Thursday…
Newport News to Record Second Quarter Gains
Newport News Shipbuilding Inc. reportedly increased its second quarter earnings estimates by about 40 cents per share on stronger margins in its core business and…
Duty Free Ends in Europe, but Tax Differences Remain
Duty free shopping in Europe dies at midnight on June 30, heralding an end to one source of cheap alcohol and cigarettes for travelers and lower profits for many transport firms.
GEC Holds More Talks on Govan Shipyard
A unit of General Electric Co. Plc reportedly held a new round of talks aimed at buying Kvaerner's Govan shipyard in Glasgow, but no deal has yet been reached.
Brazil's Transroll Seen Exiting Europe-Latin American Trade
Transroll Navegacao is reportedly about to pull out of the East Coast South America to North Europe trade.
Pakhoed Delays Refinancing of Fleet
Pakhoed NV has reportedly postponed the refinancing of part of its Pakhoed Shipping division fleet.
GEC Holds More Talks on Govan Shipyard
A unit of General Electric Co. Plc reportedly held a new round of talks aimed at buying Kvaerner's Govan shipyard in Glasgow, but no deal has yet been reached.
Duty Free Ends in Europe, but Tax Differences Remain
Duty free shopping in Europe dies at midnight on June 30, heralding an end to one source of cheap alcohol and cigarettes for travelers and lower profits for many transport firms.
Newport news to Record Second quarter Gains
Newport News Shipbuilding Inc. reportedly increased its second quarter earnings estimates by about 40 cents per share on stronger margins in its core business and…
Grupo Libra Gives Up Shipyard Plan
Grupo Libra will reportedly give up its lease on the Estaleiro Niteroi shipyard after failing to win any new orders.
EU, Mercosur Agree To Launch Trade Talks
The European Union and South America's Mercosur trade bloc reportedly agreed to launch talks in November, which they hope will lead to bilateral free trade.
APEC Trade Package Stalls, Seen Going To WTO
Plans to implement tariff reductions in the Asia-Pacific region were reportedly near collapse after the United States and other APEC economies pushed for the debate…
Simon Awards Humber Sea Terminal Contract
Simon Group Plc has reportedly been awarded the marine construction contract for the Humber Sea Terminal, to be built on the south bank of the River Humber in north east England.
Carnival Sees Delay In Delivery Of New Cruise Ship
The Carnival Cruise Lines unit of Carnival Corp. reportedly expects technical difficulties to delay the delivery of its new 102,000-ton cruise ship Carnival Triumph.
Members Of Grand Alliance To Add U.S.-Asia Service
Container shipping line members of the Grand Alliance reportedly will improve their service between North Asia and the U.S.
