Friday, September 03, 1999 Maritime News

Mitsui Orders Three Containerships

Sep 03, 1999

Japan's Mitsui O.S.K. Lines Ltd. has ordered three Post-Panamax container ships for delivery between March and September 2001. The three ships, to be built by Japanese

Sri Lanka Shipping Refuses To Remove Wreck

Sep 03, 1999

Sri Lanka Shipping Company Ltd. has reportedly said that it will not remove the wreck of a Turkish ship and its cargo of fertilizer, which authorities say may pollute the ocean.

Bergesen Buys Its Own Shares

Sep 03, 1999

Bergesen d.y. Group has reportedly bought 3,758,005 of its own "A" voting shares and 829,400 "B" shares. Officials said the group acquired the A shares at $15.84 per share and the B shares at $16.

Royal Caribbean To Offer 10 Million New Shares

Sep 03, 1999

Royal Caribbean Cruises Ltd. (RCCL) reportedly plans to market a proposed public offering of 10 million new shares of common stock. RCCL officials said the company

DNV Opens Virtual Shipyard

Sep 03, 1999

Det Norske Veritas (DNV) opened the world's first virtual shipyard representing state-of-the-art within ship classification. Based on DNV's digital platform Nauticus,

Fain To Sell $3.8 M In Company Stock

Sep 03, 1999

Royal Caribbean Cruises Ltd. chairman and chief executive officer Richard Fain plans to sell about $3.87 million of the company's stock, a Securities and Exchange Commission filing said.

Attica Acquires Stake In Strintzis

Sep 03, 1999

Passenger shipping firm Attica Enterprises signed an agreement with shareholders of Strintzis for the acquisition of an approximate 38 percent stake in Strintzis.

Stena Reports Losses After Abolition of Duty-Free Sales, Remains Optimistic

Sep 03, 1999

The chief executive of Swedish ferry operator Stena Line AB shrugged off fears of losing sea travelers as fares rise and more bridges and tunnels are built, saying

Exxon, Mobil Address EU Concerns Regarding Merger

Sep 03, 1999

Exxon Corp. and Mobil Corp. have moved to address European Commission concerns about their merger in the natural gas sector in Germany and over an existing European

TotalFina, Elf Seeking 'Friendly End' To Takeover Battle

Sep 03, 1999

TotalFina Chairman Thierry Desmarest said that relations with rival Elf Aquitaine had entered a more relaxed phase and said he would seek a friendly end to their takeover fight in the coming weeks.

PDVSA Resignation Pace Picking Up

Sep 03, 1999

The list of high-level resignations at Venezuelan state oil giant Petroleos de Venezuela grew longer last week, with confirmation that David Escojido, the vice-president of project transformation,

Thai Prime Minister Denies Canal Reports

Sep 03, 1999

Thai Prime Minister Chuan Leekpai has denied reports the government plans to build a canal across southern Thailand, bypassing the busy Malacca Straits shipping lane,

South Africa's Shipping Industry All Set For Y2K

Sep 03, 1999

South Africa's Transport Minister Dullah Omar said the country's aviation and shipping industries will ride out any possible glitches caused by the millennium bug computer problem.

RCI President Apologizes For Alaska Pollution

Sep 03, 1999

The president of Royal Caribbean International toured ports of call in Alaska on Friday to apologize in person for the pollution of the state's waters by the cruise line's ships.

New Product Stops Hull Leaks, Promotes Environmental Safety

Sep 03, 1999

21st Century Technologies Inc. has announced that a new product, the Sea Patch, has completed extensive testing by a major oil company. This system, patented by Los Alamos National Laboratory,

Internet Can Help Shipping Companies Cut Costs, Say IT Firms

Sep 03, 1999

Shipping companies, criticized for being slow to modernize, are being targeted by information technology (IT) companies seeking a slice of a container management

Safmarine, Golden Ocean Avoid Court Fight

Sep 03, 1999

South African Marine Corp Ltd. (Safmarine) said that a court bid by another firm seeking its liquidation had been withdrawn and that the company would continue with business as usual.

Ship Wreck Causing Additional Legal Woes

Sep 03, 1999

Sri Lanka is considering legal action against a local shipping firm if it does not remove the wreck of a Turkish ship that broke up while being towed ashore. Dhanapala Weerasekera,

Planning, Not Technology, Is Key To Spill Avoidance

Sep 03, 1999

Good planning, and not super high technology is the key to fighting tanker oil spills, Ian White, managing director of London-based International Tanker Owners Pollution Federation Ltd.

Coflexip Strengthens Deepwater Capabilities With Upgrade

Sep 03, 1999

Coflexip Stena Offshore has announced that the board of directors of Coflexip approved the upgrade of the CSO Constructor which will allow the group to offer its

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