Friday, July 09, 1999 Maritime News

U.S. Oil Drilling Rig Count Down 10, Canada up 18

Jul 09, 1999

The number of rigs exploring for oil and natural gas in the U.S. reportedly fell by 10 from last week to stand at 570 as of July 9.

Norwegian Ferry Insured For $66M

Jul 09, 1999

Prinsesse Ragnhild, the Norwegian ferry which caught fire off Sweden, was reportedly insured for a total value of $65.80 million.

IEA: Says Oil Demand Slump Has Bottomed Out

Jul 09, 1999

Oil demand in the territories of the former Soviet Union reportedly has bottomed out after a long decline.

Kvaerner Wins Carnival Deal

Jul 09, 1999

Carnival Cruise Lines is reportedly ordering a $375 million cruise vessel from Kvaerner's Masa Yards unit in Finland.

Litton Withdraws Deal For Newport News

Jul 09, 1999

Litton Industries Inc. has reportedly withdrawn its $1.8 billion bid to buy Newport News Shipbuilding Inc., saying the deal was not likely to get the necessary government approval.

German Bank Signs $52M Loan for Croatian Shipyards

Jul 09, 1999

Kreditanstalt fuer Wiederaufbau and a Croatian reconstruction bank have reportedly signed a $52M loan for modernization of five state-owned shipyards.

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