Maritime Industry Top News
Dutch Barge Owners Order Nearly 200 Vessels
Dutch private barge owners have ordered about 200 new vessels, which will require a total investment of about $638 million, the Dutch inland shipping office said.
UK Ferries Among Least Safe In Europe, Survey Finds
A safety survey found that three of the four worst performing ferries in Europe sail from British ports. The survey of 26 ferries by European motoring organizations…
Military Officials Under Investigation For Part In Erika Spill
Three military officials working at the Brest maritime office in western France have been put under investigation over alleged failure to react to the sinking of the tanker Erika…
Frontline Acquires Golden Ocean
Norwegian shipping company Frontline has signed an agreement to take over U.S.-based Golden Ocean Group. Frontline has reportedly signed a term sheet with Golden Ocean…
A.P. Moller Places Tanker Order
A.P. Moller has placed an order for four product tankers with Guongzhou Shipyard International in Hong Kong. Including options, the contract brings the number of new product tankers ordered by A.P.
Cammell Laird Sole Bidder For Bulgarian Yard
British ship builder and repairer Cammell Laird Holdings Plc is the sole bidder for Bulgaria's Varna Shipyard, which faces insolvency, the Ministry of Economy said.
News
ConAgra Inc., the second largest U.S. food manufacturer, has agreed to sell American Commercial Lines LLC (ACL) its large U.S. inland barge fleet and operations.
Legal Matters
Senator Slade Gorton (R-Wash.) introduced the "States Prevention of Oil Tanker Spills Act" (S. 2506), which seeks to reinstate Washington state oil tanker safety…
IRS Developing Reporting Requirements for Tank Barge Operators
The Internal Revenue Service (IRS) is preparing to implement a reporting system requiring tank barge operators to file monthly reports on deliveries of taxable fuel to and from bulk liquid terminals.
Offshore News
The Department of the Interior's Minerals Management Service (MMS) has disbursed $65 million to six coastal states: Alabama, Alaska, California, Louisiana, Mississippi and Texas.
Oil Majors Celebrate Higher 1Q Earnings
Not only did most oil producing companies post increased income and revenues in the first quarter 2000, compared to 1999, but in some cases, the increases were record-setting.
New Deliveries
San Rafael, a 204 x 44 x 16 ft. OSV was recently launched by Eastern Shipbuilding Group. The vessel is being constructed for Naviera Tamaulipas, S.A. de C.V. of Tampico…
Revamped Software Systems Results in Substantial Savings
In a rapidly changing, increasingly technological world, companies are finding it more important to change the way they invest their man-hours and expand their facilities.
Marine Oil Spills and Response Options
Marine oil spills are subject to natural processes, which alter oil's physical and chemical properties. These factors ? as well as the type of oil spilled, the magnitude of the spill…
The Strong Get Stronger
Consolidation in the maritime industry is not something new. In the past five years, oil majors such as Exxon and Mobil, and BP, Amoco and Arco have all consolidated.
MHI Reports First Ever Loss
Japan's Mitsubishi Heavy Industries Ltd. reported its first-ever loss, primarily because it had to redo some construction work on overseas plants. The first-time…
Pataki Input Sought In Port Impasse
New York State Comptroller H. Carl McCall has urged Gov. George Pataki to attend the May 25 board meeting of the Port Authority of New York and New Jersey in order to help break a 17-month impasse.
Alaskan Cruise Back Underway
A cruise ship hit by fire early Tuesday has been cleared to continue its voyage and was headed Wednesday to its final port of Seward, Alaska, the U.S. Coast Guard said.
Cargo Volumes Up On Asia Recovery
Cargo shipping volumes are picking up as Asia recovers from the recent economic crisis, a partner of Danish shipping and oil conglomerate A.P. Moeller said. A.P.
Hyundai Low Bidder On Kuwait Oil Pier Project
South Korean Hyundai presented the lowest bid of $326.5 million in a tender for a new oil export pier in Kuwait. The Kuwait National Petroleum Co (KNPC) tender is for engineering…
