Friday, June 18, 1999 Maritime News

Tug Operator Completes Takeover

Jun 18, 1999

Tugboat operator Adsteam Marine Ltd. has completed its purchase of rival Newcastle operator Hunter Towage Services Pty Ltd. Adsteam operates in Newcastle through Waratah Towage,

EU O.K.s Sat Plan

Jun 18, 1999

The EU -- unhappy with its dependance on U.S. and Russian operated satellite navigation systems -- has taken a step further in launching its own. The European Union has freed up $82.

Safmarine MD, Safren CEO Step Down

Jun 18, 1999

South Africa's Safmarine Container Lines reported that its Managing Director and Safren Chief Executive Tony Farr had stepped down. Moeller, which owns the world's

Tidewater Sells North Sea Boats

Jun 18, 1999

Tidewater Inc. will sell its North Sea safety-standby boats to BUE Marine Limited of Edinburgh, Scotland. The $40 million all-cash deal is expected to close by late June.

Senate O.K.s U.S. Waterways Improvement Bill

Jun 18, 1999

The U.S. Senate passed legislation to improve transportation on the Mississippi and Illinois Rivers for Midwestern farmers shipping bulk commodities. The legislation

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