Tug To Reach Tanker By Friday
A tugboat sent to rescue an oil tanker drifting off Bermuda should reach the ship by Friday night, BP Amoco said. "The boat is expected to keep clear of land and…
Kursk Rescue Plans Coming
President Vladimir Putin will formally announce plans to raise the nuclear submarine Kursk when he meets European Union leaders this weekend. "It will be the first…
Teekay Rating Raised
Standard & Poor's revised its outlook on Teekay Shipping Corp. to positive from stable. The outlook revision reflects Teekay's consistent, solid performance, which…
U.S. Carrier Docks In New Singapore Pier
U.S. aircraft carrier Kitty Hawk docked at Singapore's new deep-draft naval pier on Thursday, the first giant American warship to use the facility. The pier, at Singapore's Changi Naval Base…
Holt Group Files For Bankruptcy
Holt Group Inc., a large Delaware River port operator offering cargo services, including stevedoring and warehousing, voluntarily filed for Chapter 11 bankruptcy protection with the U.S.
Hyundai Founder Dies
Chung Ju-yung, the rags-to-riches founder of South Korea's mighty Hyundai industrial empire, died on Wednesday aged 85. Born into a poverty-stricken farming family in 1915 in what is now North Korea…
Frontline Ltd. Sells Two VLCCs
Frontline Ltd. has sold the two VLCCs, Front Tartar and Front Tarim, both built 1993 to undisclosed buyers for an en-bloc price of $104 million. The two VLCCs were…
OceanConnect.com And Clarksons Agree On Bunker Business
OceanConnect.com, the global online marketplace for the purchase and sale of marine fuels, products and services has entered into a joint marketing and services…