Tuesday, June 22, 1999 Maritime News

New Maritime Charter Aims to Raise Standards

Jun 22, 1999

Ship owners, brokers and builders reportedly signed an agreement, the Maritime Industry Charter on Quality, in an effort to raise technical, safety and environmental standards in the industry.

P&O Expands Fleet of Cruise Ships

Jun 22, 1999

Peninsular & Oriental Steam Navigation Co., the world's third largest cruise company, reportedly ordered five more ships at a cost of $2 billion to meet the surge in popularity for sea cruises.

Car Shipping Group Sees Scope in Fragmented Market

Jun 22, 1999

Fragmentation of the world's car market will reportedly create opportunities but also short term difficulties for Wallenius Wilhelmsen Lines AS, the world's largest vehicle shipping group.

Tidewater to Sell Fleet of Safety Standby Boats

Jun 22, 1999

Tidewater Inc., operator of the world's largest fleet of vessels serving the offshore energy industry, reportedly agreed to sell its North Sea safety-standby boats to BUE Marine Limited of Edinburgh,

Texaco Gets Kudos For Turnaround in Racial Policy

Jun 22, 1999

Texaco Inc., continuing to recover from a record $175 million racial bias case settlement and the bad publicity surrounding it, was reportedly recognized by an

Ship Repair & Conversion Prospects

Jun 22, 1999

While it is difficult to find an industry where fierce competition and price wars are not the hallmarks, it seems at times that the ship repair industry has created and patented the formula.

Eurotunnel Invests To Double Capacity

Jun 22, 1999

Eurotunnel Plc is reportedly prepared to spend close to $400 million to double its freight capacity by the year 2003.

Eurotunnel Invests To Double Capacity

Jun 22, 1999

Eurotunnel Plc is reportedly prepared to spend close to $400 million to double its freight capacity by the year 2003.

Ship Sales

Jun 22, 1999

Tanker Sentinel - (built 1986) 106,722 dwt sold for $14.4 million. Tanker Bow Explorer - (built 1975) 31,501 dwt sold to Vulcanus for $4 million. Tanker Jo Breid - (built 1981) 26,

Shipsales

Jun 22, 1999

Tanker Sentinel - (built 1986) 106,722 dwt sold for $14.4 million. Tanker Bow Explorer - (built 1975) 31,501 dwt sold to Vulcanus for $4 million. Tanker Jo Breid - (built 1981) 26,

Shipsales

Jun 22, 1999

Shipsales Tanker Sentinel - (built 1986) 106,722 dwt sold for $14.4 million. Tanker Bow Explorer - (built 1975) 31,501 dwt sold to Vulcanus for $4 million. Tanker Jo Breid - (built 1981) 26,

Mitsubishi To Build Cargo Quay In Port of Poti

Jun 22, 1999

Mitsubishi is said to be spending nearly $65 million to build a new cargo quay at the port of Poti on Georgia's Black Sea coast.

Bunker Prices Ease

Jun 22, 1999

NWE bunker prices eased slightly today, but the market segmentation by dates continued to make assessments difficult for very prompt supplies, traders said. Bunker

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