Monday, August 02, 1999 Maritime News

Big Oil Reluctant To Shut Ailing Euro Refineries

Aug 02, 1999

Giant oil companies will reportedly shy away from closing sickly European refineries, preferring instead to trim costs or seek buyers for the struggling units, according to analysts.

New Zealand Oil Companies To Buy Tanker From Union Shipping

Aug 02, 1999

The four oil majors who own New Zealand's Coastal Tankers Limited are reportedly buying the 30,000 dwt oil products tanker Taiko from Union Shipping Company after

Daewoo Wins $90M Greek Ship Order

Aug 02, 1999

Daewoo Heavy Industries Co. Ltd. has reportedly won a $90 million order from Greece's Chandris Inc. to build four bulk carriers.

Montanari Drops Skaugen Bid

Aug 02, 1999

Navigaziaione Montanari is reportedly withdrawing a hostile takeover offer for Norway's I.M. Skaugen after holders of only 13 percent of the Norwegian firm accepted the bid.

Acomarit Unit To Manage 30 Petrobras Tankers

Aug 02, 1999

Acomarit, a Scotland-based ship management company, has reportedly set up a Brazilian-based company to service tankers operated by Brazil state oil group Petrobras.

Foreigners Welcome Inclusion In Daewoo Reforms

Aug 02, 1999

Foreign investors reportedly welcomed the inclusion of overseas creditors in talks to restructure South Korea's limping Daewoo Group, saying it could help stave off a corporate debt crisis.

Rex Alloy Introduces Patrol/Workboat For High Seas

Aug 02, 1999

Designed by policemen for policemen and capable of speeds up to 70 mph, Rex Alloy's new 43 ft. (13.1 m), high speed Rigid Inflatable Boats (RIBs) are reportedly engineered as the strongest,

Maersk Containership Is Largest To Call U.S.

Aug 02, 1999

History was made by Maersk Lines last June when the Line's containership, Susan Maersk sailed into the Port of Long Beach, Calif. on its maiden voyage - establishing

Stena's Newest Is Sent Off To Shell International

Aug 02, 1999

Stena's newest drilling rig, Stena Tay, managed by Stena Drilling of Aberdeen, has been delivered from the Keppel FELS shipyard in Singapore, for acceptance on contract by Shell International.

Aker Finnyards Delivers Largest Vessel In Bore Fleet

Aug 02, 1999

Aker Finnyards' most recent newbuild, the 11,000-dwt RoRo carrier for the Dutch company, Bore Sky BV, was christened as Norsky by Mrs. Marianne Barnabo, spouse of Mr.

Rieber Shipping Readies For Polar Prince's Arrival

Aug 02, 1999

The new multi-purpose subsea support/ROV vessel, Polar Prince, was delivered last July to Rieber Shipping A/S as managing owners for the owning company Polar Holding ASA.

CSL Niagara Christened

Aug 02, 1999

The largest-ever Canadian ship built for the Great Lakes-St. Lawrence was blessed at a ceremony last June at the Lake Ontario entrance to the Welland Canal at Port Weller Drydocks.

Cenal Launches Second Of Twin-Hulls

Aug 02, 1999

Since launching the first out of two hulls of the fjord ferries last April, Cenal Shipyard has sent out yet another vessel of the same kind, completing the twin hull shuttle ferries.

Hual Takes Delivery Of Carolita And Transporter

Aug 02, 1999

Hual AS, one of the largest operators within international car transportation, has accepted delivery of the second and third ships in a series of six; the first,

World's Largest Drillship Departs Ingalls

Aug 02, 1999

Discoverer Enterprise, the world's largest and most advanced drillship, sails from Ingalls Shipbuilding division of Litton Industries, Pascagoula, Miss., into the

Orient Lines Doubles Capacity With Crown Odyssey

Aug 02, 1999

Specializing in destination cruises, Orient Lines will increase its passenger capacity by 131 percent, when the 1,050-passenger Crown Odyssey, (formerly Norwegian

Haley DRV 1711 Hydraulic Gear Unit

Aug 02, 1999

Haley Marine Gears realizes that quality of product must be complimented with equal service quality to survive in today's ultra-competitive market. The company

EPA Conference Continues To Add Maritime Topics

Aug 02, 1999

Several topics and speakers have been added to the 1999 EPA Region III Chemical Emergency Preparedness and Prevention Conference maritime track. The conference

Caterpillar Organizes New Worldwide Marine Business Group

Aug 02, 1999

Caterpillar has formed a new Marine Business Unit within the Engine Products Division. The reorganization is designed to strengthen the company's focus on marine

Maintaining Integrity

Aug 02, 1999

Despite what could be best termed as difficult operating conditions, the German maritime market has persevered through its collective adherence to the principles


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