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Jun 25, 1999
Unpaid ship charter hire, an increasing problem in the depressed dry bulk shipping market over the last year, is reportedly spreading to the tanker markets.
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Jun 25, 1999
Navigazione Montanaria Spa has reportedly made a cash bid valuing I.M. Skaugen at $50 million.
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Jun 25, 1999
Banque Indosuez of France has reportedly repossessed two of Shenzhen Great Ocean Shipping Co. Ltd.'s ships for failure to repay interest and principle on a $24 million loan.
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Jun 25, 1999
With the sinking of its large cruise vessel, the Sun Vista, Metro Holdings Ltd. will reportedly realign its cruise business to focus on operations of two smaller vessels.
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Jun 25, 1999
One of Jinhui Holdings Ltd.'s indirect subsidiaries is reportedly in negotiation with a third party regarding the acquisition of a bulk carrier.
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Jun 25, 1999
The U.S. Interior Department's Minerals Management Service (MMS) will reportedly delay its decision on whether oil companies can drill for oil and natural gas off California's coast.
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Jun 25, 1999
Fears of an emerging oligopoly in oil exploration and production have reportedly become the crunch issue as huge planned mergers go before competition authorities.
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Jun 25, 1999
Hollandsche Beton Group (HBG) reportedly won a $14 million order from Hague-based Elf Petroland BV to design and build an unmanned offshore gas platform.
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Jun 25, 1999
Taiwan's Evergreen Marine Corp reportedly plans to expand its global network and forge new alliances in some areas during this year. The company apparently plans
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Jun 25, 1999
The percentage of ship owners choosing to register their vessels in Panama continues to rise, according to Lloyd's Register. The Panamanian-flagged fleet grew by eight percent to 98.
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Jun 25, 1999
A deal to save the Kvaerner Govan shipyard in Glasgow is reportedly close to finalization, according to local newspaper reports. The rumored buyer is General Electric Co Plc .
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Jun 25, 1999
Romania's privatization agency, the State Ownership Fund (FPS), is reported to have sold its stake in bunkering company Navcom to Yemen's Overseas Shipping & Stevedoring Co.
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Jun 25, 1999
Minoan Lines subsidiary Minoan Flying Dolphins reportedly ordered three new high speed ferries from Australia's Austal Ships.
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Jun 25, 1999
Joseph Hazelwood -- the man who was captain of the Exxon Valdez supertanker when it grounded against the Alaska coast has started his first month-long stint of
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