Monday, June 14, 1999 Maritime News

Teekay Completes Bona Shipholding Acquisition

Jun 14, 1999

Teekay Shipping Corp. has completed its cash and stock acquisition of Bona Shipholding Ltd. Under the deal, Bona’s shares were converted into a right to receive either a cash payment of $7.

Dutch Offshore Activity On The Rise

Jun 14, 1999

Offshore oil and gas drilling continued to increase in the Dutch sector in the week ending June 9, with the rest of northwest Europe lagging behind last year’s levels,

Cast To Cut North Atlantic Shipping Times

Jun 14, 1999

Containershipping company Cast will reportedly cut transit times on the North Atlantic as it introduces three new ships this summer. Transit cuts would include

Norway Coast Guard Blames Greenpeace For Collision

Jun 14, 1999

Norway’s coastguard reportedly accused Greenpeace of causing a collision at sea in which an environmentalist was seriously injured during an anti-whaling protest.

Saga Petroleum Chair Quits

Jun 14, 1999

The chairman of Saga Petroleum abruptly quit on Monday to protest at parliamentary plans to keep Hydro under state control. Wilhelm Wilhelmsen also will reportedly

Kvaerner Gets Chem Tanker Contracts

Jun 14, 1999

Kvaerner ASA will reportedly build two 37,500-dwt, $115 million chemical tankers for Norway’s Odfjell at its Kvaerner Floroe shipyard. Delivery of the vessels

QEII Again Stirs Repair Interests

Jun 14, 1999

Interest in the European cruise ship repair market is currently focused on which shipyard will win the $31.3 million contract to repair the 1968-built, 70,327-grt cruiseship Queen Elizabeth II,

Cargo Handling: Molten Sulphur Tanker Sails Four Years Sans Freeze-Ups

Jun 14, 1999

The operator of the world’s largest and most modern molten sulphur tanker has enjoyed four years of near-continuous service, thanks in part to the ship’s innovative thermal maintenance system.

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