P&O To Pull Hong Kong Listing
Peninsular and Oriental Steam Navigation Co. decided to withdraw the secondary listing of its deferred stock from the Stock Exchange of Hong Kong at the close of May 8.
Norne Feels Stays Shut Longer Than Expected
Statoil said that scheduled maintenance closure at the North Sea Norne oilfield would run a few days longer than expected. Norne, which shut down for one week on April 4…
BDI Down Slightly
The Baltic Dry Index (BDI) was down 3 points on Wednesday to 1,681, Panamax up 3 to 1,516, Capesize down 15 to 2,354 and the Handy up 3 to 1,184 points. Softer rates…
Leif Hoegh Profits Expected To Rise
Norwegian shipping group Leif Hoegh & Co. last Wednesday forecast continued gains in operating profits in 2000 after a leap in the first quarter. Operating profits…
$475M Ferry Deal Eagerly Awaited
British Prime Minister Tony Blair said his government will take the needs of domestic shipbuilders into account when it awards a $475.1 million contract for naval ferries.
Tampa Bay Shipbuilding Elects New President
Tampa Bay Shipbuilding & Repair Company announced the appointment of Mr. Walter J. Hartley Jr. (Joe) to the position of President and CEO. A native of Jacksonville…