Varna Shipyard Could Be Up By July
Cammell Laird said Bulgaria's dormant, state-controlled Varna shipyard could be up and running again by July if its bid for the indebted yard is approved by Bulgarian courts.
As Mississippi Rises, Locks Close
River locks around St. Paul and Minneapolis, Minn. were expected to close on Tuesday due to rising water conditions, further delaying the latest tow arrival to St. Paul in the last 30 years.
Moody's Downgrades ACL
Moody's Investors Service downgraded the ratings of American Commercial Lines LLC's $535 million senior secured bank facility to B1 from Ba2 and the $300 million…
Budget Proposal Raises Transport Spending
Overall federal transportation spending would rise by 1.5 percent to $61.93 billion in the coming fiscal year under the White House budget proposal submitted to Congress.
Seacor's Fabrikant Earns 140% Bonus Boost
Seacor Smit Inc. raised its CEO's bonus 140 percent last year as the provider of offshore marine services to the oil and gas industry reported higher revenue and net income.
MMA To Host Fishing, Ferry Industry Event
The Ship Operations Cooperative Program (SOCP) invites the maritime industry to attend the next SOCP meeting on June 12-13, 2001 at Massachusetts Maritime Academy in Buzzards Bay, Massachusetts.