Monday, June 07, 1999 Maritime News

Baker Hughes To Record Second Quarter Tax Benefit

Jun 07, 1999

Baker Hughes Inc. will reportedly recognize a tax benefit of $20 million in the second quarter as a result of an agreement with the U.S. Internal Revenue Service

Merger Throws European Steel Sector In Spotlight

Jun 07, 1999

Confirmation of merger talks between British Steel and Dutch group Hoogovens reportedly threw Europe's struggling steel sector into the spotlight as investors bet on the next takeover targets.

Kosovo Causes German Barge Shipping Losses

Jun 07, 1999

The blockage of the Danube in the Kosovo conflict is reportedly halting 80,000 tons of monthly shipments to and from Germany's inland waterways.

Daewoo Wins $65M Omani Port Deal

Jun 07, 1999

Oman reportedly signed a $65.5 million deal with South Korea's Daewoo Corp. to build a reef for a port in northern Oman.

Hyundai Heavy Aiming For KSE Listing

Jun 07, 1999

South Korea's leading shipbuilding firm Hyundai Heavy Industries Co. reportedly aims to list its shares on the Korea Stock Exchange in several months.

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