Marine Oil Spills and Response Options
Marine oil spills are subject to natural processes, which alter oil's physical and chemical properties. These factors ? as well as the type of oil spilled, the magnitude of the spill…
The Strong Get Stronger
Consolidation in the maritime industry is not something new. In the past five years, oil majors such as Exxon and Mobil, and BP, Amoco and Arco have all consolidated.
MHI Reports First Ever Loss
Japan's Mitsubishi Heavy Industries Ltd. reported its first-ever loss, primarily because it had to redo some construction work on overseas plants. The first-time…
Pataki Input Sought In Port Impasse
New York State Comptroller H. Carl McCall has urged Gov. George Pataki to attend the May 25 board meeting of the Port Authority of New York and New Jersey in order to help break a 17-month impasse.
Alaskan Cruise Back Underway
A cruise ship hit by fire early Tuesday has been cleared to continue its voyage and was headed Wednesday to its final port of Seward, Alaska, the U.S. Coast Guard said.
Cargo Volumes Up On Asia Recovery
Cargo shipping volumes are picking up as Asia recovers from the recent economic crisis, a partner of Danish shipping and oil conglomerate A.P. Moeller said. A.P.
Hyundai Low Bidder On Kuwait Oil Pier Project
South Korean Hyundai presented the lowest bid of $326.5 million in a tender for a new oil export pier in Kuwait. The Kuwait National Petroleum Co (KNPC) tender is for engineering…
Saudi Arabia Tops U.S. Oil Import List
Saudi Arabia is far ahead of the pack as the top crude oil supplier to the U.S. market in March, the U.S. Energy Information Administration (EIA) said. Saudi Arabia…
Website Seeks To Enhance Shipping Safety
A web-based global fleet database aimed at shining a searchlight on unsafe shipping was launched last week by the European Union, with Asian and U.S. input. The…
Smit In Talks With Rivtow
Smit International is in talks to buy Canada's Rivtow Marine, a harbor towage service and transport firm active in Canada and the U.S. No financial details of the…
London Club warning on vessel arrests in Egypt
The London P&I Club has warned its members about a spate of vessel arrests in Egypt, and in particular the port of Suez, in respect of claims for unsettled invoices…
Fire Erupts Aboard Alaskan Cruise Ship
A fire broke out aboard a Dutch cruise ship carrying nearly 1,700 passengers and crew as it steamed through Glacier Bay National Park last Tuesday morning, the U.S. Coast Guard said.
Japanese Majors Confirm Merger Talk
Kawasaki Heavy Industries Ltd. said that it, Ishikawajima-Harima Heavy Industries (IHI) and Mitsui Engineering & Shipbuilding (MES) have started talks on a possible…
Nedlloyd To Sell Mammoet
Dutch shipping and road transport group Koninklijke Nedlloyd Groep NV plans to sell its Mammoet transport unit to Dutch Van Seumeren. Italian Decafin SpA will also…
NKK, Hitachi Zosen Consider Shipbuilding Merger
NKK Corp., a major Japanese steelmaker and shipbuilder, and Hitachi Zosen Corp., another major Japanese shipbuilder, will study the feasibility of cooperating in…
Tanker Stopped After Leaking Oil
An oil tanker owned by Exxon Mobil subsidiary SeaRiver Maritime was ordered back to Valdez on May 22 after developing a leak, the operator of the trans-Alaska oil pipeline said.
Denmark Shipping Industry Eyes Brighter Days
Denmark's shipping industry looks set for better times thanks to the economic recovery in Asia and the strengthening dollar, the Danish Shipowners' Association said.
Star To Raise Funds Via Shares Issue
Malaysia's Star Cruises said it was seeking to issue 200 million new shares to finance its acquisition of the Norwegian shipping group NCL Holding ASA. The issue of new shares…
Taiwan To Evaluate China Trade Policy
Chen, inaugurated in the island's first democratic transfer of power, added that his speech was a statement of his broader vision for the wealthy, democratic island.
Unocal GOM Field Proceeding Quickly
Unocal Corp. said development work is going faster than expected on the Muni field in the Gulf of Mexico where appraisal drilling found additional secondary natural gas pay zones.
