Thursday, July 08, 1999 Maritime News

Norwegian Ferry Fire Claims Life

Jul 08, 1999

Tragedy again has struck the well-established Scandinavian ferry business, as some 1,300 people were safely evacuated from a blazing Prinsesse Ragnhild, a Color Group-owned Norwegian passenger ferry,

Marine Electronic Giants To Merge Operations

Jul 08, 1999

SAIT-RadioHolland is merging its marine activities with those of German STN Atlas, part of the Rheinmetall Group. The 50/50 joint venture has been named EuroMarine Electronics.

OMI Sells Tanker

Jul 08, 1999

OMI Cop. sold and leased back a 1999-built Suezmax tanker. Proceeds from the sale and leaseback of the vessel Columbia would be used to repay existing debt and for general corporate purposes,

NCL To Be Listed On NYSE

Jul 08, 1999

Norwegian cruise firm NCL Holding ASA has been approved for a listing on the New York Stock Exchange. NCL would be listed under the symbol NRW.

EU to Kvaerner: We Want Our Money Back

Jul 08, 1999

The European Commission reportedly has ordered KWW -- a German subsidiary of Kvaerner Plc -- to repay $42.31 million of state aid. The company is reportedly mulling an appeal.

Cammell Laird Is Flying High

Jul 08, 1999

British ship repairer Cammell Laird Holdings Plc said on Thursday it had its strongest ever order book and reported healthy results.

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