Schat-Harding Calling For Clear Technical Standards
Safety specialist Schat-Harding has asked for concise technical standards to back the new IMO life saving regulations, per the company's newsletter, Escape. Machlin…
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…
Suez Canal To Take Larger Ships
Improvements to the Suez Canal will allow ships with a draft of up to 62 ft. to use the waterway by the end of next year, the chairman of the Suez Canal Authority…
Oslo Companies Are Ripe For Picking
Many Norwegian companies remain under-priced and are likely targets for foreign predators, analysts said. Despite gains in the Total index to peaks this week at around 1…
Offshore Shares Are Leading The Way
Offshore shares on the Oslo Stock Exchange continued to rise in November, buoyed by the continuing high oil price and expectations of increased level of activities from oil companies in the year 2000.
USACE Details Mississippi 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 said.
IEA: Winter Oil Inventories Plummet
Oil inventories fell sharply again in October and stockdraws in major consuming regions are expected to accelerate in coming winter months, the International Energy Agency (IEA) said last week.
Strong OPEC Discipline Continues Rate Depression
As a consequence of low crude oil volumes out of the Middle East - caused by OPEC restrictions and Iraq's stoppage of exports after rejecting to extend the "Oil…
NOL Shares Drop Amid Rumors Of Rating Revision
Shares of Neptune Orient Lines (NOL) fell almost seven percent in heavy trade last Thursday on talk there was some re-rating of the stock following changes in the MSCi index.
Profitability Of Bulk Shipping Dependent On Safety
Bulk shipping has been under the international microscope of late, with spectacular structural failures resulting in sudden loss of lives and ships, vexing designers…
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…