Jinhui Unit To Buy Bulk Carrier
One of Jinhui Holdings Co. Ltd.'s indirect subsidiaries reportedly agreed to pay Sumitomo Corporation $20.8 million for a bulk carrier.
SCS, NDT To Form Joint Venture
Stolt Comex Seaway and NKT Holding will reportedly create a new firm to make equipment for the offshore oil and gas industry.
Big Oil Second Quarter Earnings Seen Doubling
Salomon Smith Barney reportedly predicted second quarter 1999 earnings for U.S. major oil companies will be almost double earnings seen in the first quarter of 1999.
U.S. Oil Producers To Seek Dumping Investigation
In response to a flood of crude oil imports, independent American oil producers will reportedly ask the U.S. government this week to investigate for the first time…
Defaulted Charters Seen Spreading To Tanker Market
Unpaid ship charter hire, an increasing problem in the depressed dry bulk shipping market over the last year, is reportedly spreading to the tanker markets.
Italian Shipping Group Bids For I.M. Skaugen
Navigazione Montanaria Spa has reportedly made a cash bid valuing I.M. Skaugen at $50 million.
Bank Repossesses Two Great Ocean Ships
Banque Indosuez of France has reportedly repossessed two of Shenzhen Great Ocean Shipping Co. Ltd.'s ships for failure to repay interest and principle on a $24 million loan.
Metro To Rationalize Cruise Business
With the sinking of its large cruise vessel, the Sun Vista, Metro Holdings Ltd. will reportedly realign its cruise business to focus on operations of two smaller vessels.
Jinhui Units Mulls Bulk Carrier Purchase
One of Jinhui Holdings Ltd.'s indirect subsidiaries is reportedly in negotiation with a third party regarding the acquisition of a bulk carrier.
U.S. Delays Decision On Oil Drilling In California Waters
The U.S. Interior Department's Minerals Management Service (MMS) will reportedly delay its decision on whether oil companies can drill for oil and natural gas off California's coast.
Oil Merger Regulators Bare Teeth On Upstream Fears
Fears of an emerging oligopoly in oil exploration and production have reportedly become the crunch issue as huge planned mergers go before competition authorities.
HBG Unit Wins Offshore Order
Hollandsche Beton Group (HBG) reportedly won a $14 million order from Hague-based Elf Petroland BV to design and build an unmanned offshore gas platform.
Evergreen Plans Expansion
Taiwan's Evergreen Marine Corp reportedly plans to expand its global network and forge new alliances in some areas during this year.
Panamanian Register Extends Lead
The percentage of ship owners choosing to register their vessels in Panama continues to rise, according to Lloyd's Register. The Panamanian-flagged fleet grew by…
Kvaerner Govan Pact Reported Close
A deal to save the Kvaerner Govan shipyard in Glasgow is reportedly close to finalization, according to local newspaper reports. The rumored buyer is General Electric Co Plc .
Bunkering Shares Sold To Overseas Shipping Stevedoring
Romania's privatization agency, the State Ownership Fund (FPS), is reported to have sold its stake in bunkering company Navcom to Yemen's Overseas Shipping & Stevedoring Co.
Minoan Lines Subsidiary Orders Ferries
Minoan Lines subsidiary Minoan Flying Dolphins reportedly ordered three new high speed ferries from Australia's Austal Ships.
From VLCC Bridge To Beans Café
Joseph Hazelwood -- the man who was captain of the Exxon Valdez supertanker when it grounded against the Alaska coast has started his first month-long stint of helping…
Ship Scrapping Knocked, But Alternatives Elusive
Government and environmental leaders reportedly criticized procedures for scrapping old ships, but offered few alternatives for improving the poor safety and environmental record of the industry.
Aker Maritime Wins Combisa Oilfield Deal
Aker Maritime reportedly won a deal from Mexican consortium Combisa to build the decks of three platforms for the Cantarell oilfield operated by Mexican state oil company Pemex.
