Mexico Calls For Output Constraints Past March
Mexico's is reportedly lobbying for major oil producers to hold their exports at little changed levels after their current production restraint agreement ends in March…
Bulk Carrier Sinks, Crew Rescued
All crew members of the bulk carrier Henry Navigator, en route to Cape Town, were airlifted to safety as the vessel capsized and sank in heavy seas. The 13,000 dwt…
Freight Rates Dip For First Time This Month
The Baltic indices indicated perhaps some changing conditions in the dry cargo market, with the Baltic Capesize Index falling for the first time this month on evidence…
Leif Hoegh Chalks Up 9-Month Loss
While Norway's Leif Hoegh reported a net loss for the first nine months of the year, it projects a break-even 1999. The firm reported a net loss of 37 million crowns…
IMB Warns Of Rampant Piracy In Indonesian Waters
Pirate attacks more than doubled in Indonesia in the first nine months of 1999, prompting the International Maritime Bureau (IMB) to warn mariners to take urgent precautions in Indonesian waters.
Davie Celebrates World Premiere Of Petrobras 36
The large semi-submersible production platform formerly known as Spirit of Columbus was rechristened Petrobras 36 on August 31. Following two years of diligent work by more than 1…
NASSCO Named Prime Contractor
National Steel and Shipbuilding Company (NASSCO), a General Dynamics company, has been appointed the prime contractor on $17.4 million in research and development…
Horizon To Construct Upgraded ISTT
Horizon Shipbuilding was awarded a contract to construct a series of 30 ft. (9 m) fiberglass Improved Surface Tow Targets (ISTT) for the U.S. Naval Air Warfare Center…
