Globe Wireless Expands Network
Globe Wireless, owner and operator of the Maritime Data Network, has commissioned a new terrestrial digital node in Darwin, Australia. Formalized in conjunction with ITS Communications…
MARCO Signs Contract With S.F. Bar Pilots
MARCO Shipyard Seattle is scheduled to design and build a duo of 104 ft., (31.7 m) pilot station boats for the San Francisco Bar Pilots. With construction to commence soon…
Detyens Readies For Arzew Reactivation
Detyens Shipyard has been granted the reactivation of Arzew by Argent Marine Services. The vessel, which will be renamed Galeomma, will be chartered to Shell Bermuda Overseas.
Cummins Promotes Klotz To V.P.
Cummims Mid-South L.L.C. has promoted Calvin B. Klotz, Jr. to the position of vice president. Klotz will be responsible for the company's commercial and recreational…
S&P Cuts MC Shipping Outlook To Negative
Standard & Poor's has revised the outlook on MC Shipping Inc. to negative from stable. At the same time, the company's single-'B' long-term corporate credit rating…
Newport News OKs Share Buyback Program
Newport News Shipbuilding Inc. has approved a $100 million share repurchase program, adding to a $100 million buyback plan authorized last June. The new plan will be implemented over 2000 and 2001.
Kvaerner Faces New EU Subsidy Probe
The European Commission has launched a probe into whether a German subsidiary of Anglo-Norwegian engineering and shipbuilding group Kvaerner Plc received excessive subsidies from Germany.
Carnival, Star Team Up To Buy NCL
Carnival Corp. and Malaysia's Star Cruises surprisingly joined forces in a battle to buy Norwegian cruise firm NCL Holding. The two companies dropped a bidding war…
Norway Rules Star Share Buying Legal
Norway's Industry Ministry gave Malaysia's Star Cruises a boost in a takeover battle for NCL Holding by saying Star's share buying did not violate Norwegian law.
Icebreaker Frees Trapped Cruise Ship
An Argentine Navy ice breaker battled to free a U.S.-operated cruise liner with 186 people aboard which is trapped in a field of ice off the coast of Antarctica on Jan. 31.
Lack Of Boats Delays Ivorian Plane Crash Search
Ivorian divers searching for wreckage of the Kenya Airways Airbus that crashed on Jan. 30 were forced to use a borrowed boat after an absence of suitable government…
Croatia To Aid Exports By Subsidizing Shipbuilding
The Croatian will subsidize the ailing shipbuilding industry to boost the country's stagnating exports, officials said, adding that while Croatia has few products it can export…
Exxon Tightens Tanker Chartering Rules
Exxon-Mobil has toughened its policy on using tankers more than 20 years old, shipbrokers said. The company has adopted a policy of accepting vessels more than 20…