Wednesday, June 09, 1999 Maritime News

Kazakhoil Sees Future Offshore

Jun 09, 1999

Kazakhstan's state oil company Kazakhoil is reportedly pinning its future on major offshore discoveries on the Caspian shelf.

CVRD Withdraws From Landmark Oil Auction

Jun 09, 1999

Companhia Vale do Rio Doce (CVRD) is reportedly withdrawing from next week's landmark auction of oil exploration and production licenses.

EU Expected To Launch Full Exxon Mobil Probe

Jun 09, 1999

The European Commission is expected to launch a full-scale probe into the proposed merger of Exxon Corp. and Mobil Corp.

Brazil To Dispense $100M To Shipping Companies

Jun 09, 1999

Brazil's government will reportedly divide $100 million in aid among the country's shipping companies to help Brazil's merchant shipping companies pay off commercial

Evergreen Expands Australia Shipping Service

Jun 09, 1999

Evergreen Marine Corp. will reportedly restructure its Australian service to incorporate direct calls between Australia and ports in northern Asia from July 1999.

Talks To End Soon On Azeri Drilling Rig Upgrade

Jun 09, 1999

The Caspian Drilling Company will reportedly end talks soon with U.S. Exxon and Chevron and Italy's Agip to upgrade one of Azerbaijan's two drilling rigs.

Overseas Shipholding Orders Four Tankers

Jun 09, 1999

Overseas Shipholding Group Inc. reportedly ordered four Aframax tankers from South Korean shipbuilder Hyundai Heavy Industries.

Kvaerner Sells Kleven Shipyard

Jun 09, 1999

Kvaerner reportedly sold its Kvaerner Kleven shipyard at the port of Ulsteinvik in western Norway for $6.18 million.

IHC Caland Receives NLG 200M In Orders

Jun 09, 1999

IHC Caland NV reportedly received $94.3 million in new orders, bringing its current order portfolio to $471.5 million.

NOL Chief Aims To Beat The Odds

Jun 09, 1999

Neptune Orient Lines' (NOL) new CEO Flemming Jacobs reportedly announced his top priority was to turn around the indebted Singapore-based shipping group.

Defendants Acquitted In Miami Port Corruption Trial

Jun 09, 1999

The former boss of Miami's seaport, the cruise capital of the world, was reportedly acquitted of charges he stole $1.6 million in public money to spend on entertaining

Defendants Acquitted In Miami Port Corruption Trial

Jun 09, 1999

The former boss of Miami's seaport, the cruise capital of the world, was reportedly acquitted of charges he stole $1.6 million in public money to spend on entertaining

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