South Korea And China See Eye To Eye On Fishing Pact
South Korea and China have agreed on a bilateral fishing pact extending Korea's fishing rights effective from June 30, Korea's Ministry of Maritime Affairs & Fisheries said on Friday.
Enterprise Oil Grants $270 Million Offshore Contract
Enterprise Oil said on Friday it had awarded a $270 million contract to FMC/Modec to provide an offshore facility and subsea equipment for the Bijupira-Salema oilfields off Brazil's coast.
Won Depreciation To Raise Daewoo's Operating Profit by 43 Percent
The head of South Korea's Daewoo Shipbuilding said on Friday the won's depreciation would raise the company's operating profit by about 43 percent from its earlier target.
Stelmar To Resume Discussions With First International
Tanker operator Stelmar Shipping said it was ready to revive talks with Bermuda-based First International to buy six petroleum tankers once the latter is free of an ownership dispute.
Brokers Declare Rate Cuts In Caribbean Upcoast A
Shipping's most volatile market, the Caribbean upcoast trade, has seen rates cut in half over the last two weeks - a "bloodbath", according to Oslo broker Fearnleys.
Friede Goldman Halter To Get $100 Million Financing
Friede Goldman Halter announced that it and several of its affiliates have signed a letter of intent with Pegasus Partners II and affiliated entities for Pegasus…