Tanker Sinks At Mouth Of Bosphorus
A Russian-flagged tanker broke in two and its bows sank on Wednesday near the mouth of the Bosphorus, among the world's busiest shipping routes, spilling oil onto Istanbul's residential coastline.
AP Moeller Shares Fly High In '99
Danish shipping and oil group A.P. Moeller shares surged 95 percent in 1999, bolstered by a 150 percent rise in crude oil prices and improved freight rates, and…
St. Lawrence Seaway Closed Until Spring
The St. Lawrence Seaway is officially closed to navigation until spring. The last vessel to pass through the Seaway was the chemical tanker Petrolia Desgagnes, which made its way through the St.
$160 Million Earmarked For New Ships
Nigeria Liquefied Natural Gas (LNG) said its transport subsidiary had secured a $160 million loan for two new ships from banks led by Credit Suisse First Boston.
Finnegan Joins Drew Marine As Manager
The Drew Marine Division of Ashland Specialty Chemical Company has elected John C. "Jack" Finnegan as manager of new business development. Finnegan, who comes to…
Drew Marine Realigns Management Team
In order to enhance its efficiency and coordination in response to shipowners' growing requirements for global supply, the Drew Marine Division of Ashland Specialty…
Carnival Passengers Protest After Millennium Cruise Problems
About 200 passengers on a millennium cruise to the Caribbean protested at dockside in Nassau on Tuesday, complaining that engine problems on the Carnival cruise…