American V. Awarded Management Contract
American V. Ships, Mineola, N.Y., has been named the technical manager of three vessels to be chartered to the recently established Wallenius and Wilhemsen joint venture - Wallenius-Wilhemsen Line.
Friede Goldman Receives Conversion Project
Friede Goldman Offshore, the offshore energy division of Friede Goldman Halter, Inc., has been awarded a contract from Oceaneering International, for the shipyard…
Samsung Wins FPSO Order
Samsung has been granted orders worth a combined $250 million from Nigeria and Australia. The company said it will construct a floating production and storage offloading…
Keppel Hitachi Cuts Workforce
The recently completed sale of Keppel Marine Industries Limited's marine-related businesses to Keppel Hitachi Zosen for about $99.4 million has allowed Keppel to…
Globe Wireless Establishes Communications Center
Globe Wireless released its Globe Communications Center (GCC), designed to streamline onboard messaging and data file transfers for commercial marine vessels. The GCC…
Leica Gets Smart With New Antenna
Leica Geosystems has added a new product to its line - a "smart" DGPS antenna - providing accurate position and velocity inputs to a laptop, or other system. A single integrated unit…
Germanischer Lloyd Gains Approval
In time for the effects of the Pressure Equipment Directive (PED) 97/23/EC, Germanischer Lloyd (GL) has been accredited by the Central Authority of the Laender for…
Hvide Marine Confirmation Expected
Hvide Marine Inc. stated that the U.S. Bankruptcy Court for the District of Delaware is expected to confirm the plan of reorganization proposed by the company in its Chapter 11 case on December 9.
Turner To Retire As General Dynamics President
James E. Turner will retire as president and COO of General Dynamics on January 15 - a position he has held since June 1997. Turner, who also led the company's Marine Systems Group since October 1995…
Abu Dhabi Forms Joint Fast Containership Line
Abu Dhabi Investment Company has established Abu Dhabi Container Lines Limited (ADCL) with Norasia Shipping Limited, Switzerland. The new venture will acquire and…
UAE: $30 Barrel Will Not Trigger OPEC Action
The United Arab Emirates oil minister suggested in remarks published last Thursday that a brief spike in oil prices to $30 would not trigger a response by OPEC to raise output…
Saudi Arabia Will Fill Need Created by Y2K Problems
Saudi Arabia's stands ready to step in and replace any oil supplies that may be disrupted because of Y2K computer problems. " Saudi Arabia's unused oil production…
NOL Shares Drop On Re-Rating Rumor
Shares of Neptune Orient Lines (NOL) fell almost seven percent in heavy trade on talk there was some re-rating of the stock following changes in the Morgan Stanley Capital International (MSCi) index.
USACE Details Mississippi River Lock and Dam Closures
Several locks and dams on the upper Mississippi River will be closed to all navigation from January to early March for maintenance and repairs, the U.S. Army Corps of Engineers (USACE) said.
