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Sep 20, 1999
Coflexip Stena Offshore came to an agreement with Hyundai Mipo Dockyard for the construction of its newbuild ultra deepwater pipelay and construction vessel, scheduled
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Sep 20, 1999
A fire reportedly broke out in the engine room of the Carnival Cruise Lines ship Tropicale on Sept. 19, causing the ship to lose propulsion. The fire was extinguished
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Sep 20, 1999
South Korea's Hyundai Heavy Industries has reportedly signed a memorandum of understanding with Overseas Shipholding Group Inc. to build two 308,000-ton VLCCs.
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Sep 20, 1999
Prominent Greek shipowner John Adamantios Hadjipateras, chairman of the London-based Greek Shipping Cooperation Committee for the past 18 years, died of heart failure at an Athens hospital Sept.
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Sep 20, 1999
British engineer Rolls-Royce Plc launched a surprise $933 million agreed cash offer for Vickers Plc, in a move aimed at making it the global leader in marine power systems.
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Sep 20, 1999
Alabama Shipyard and Hollywood Park have signed a contract to construct a casino vessel for the Belterra Resort and Casino in Switzerland County, Indiana.
Known as a diversified gaming company,
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Sep 20, 1999
The U.S. Gulf of Mexico and worldwide offshore rig counts increased since last week, while the European offshore rig count was unchanged, according to Offshore
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Sep 20, 1999
Panamax vessels continued to attract higher rates last week, which was reflected in gains by the Baltic Freight Index (BFI) and the Baltic Panamax Index.
The BFI jumped 19 points to 1,
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Sep 20, 1999
Large tanker rates slid back slightly off recent highs this week as Middle East September stems drifted to their conclusion, brokers said.
VLCC rates for Japan, which peaked at W52.
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Sep 20, 1999
Northwest European offshore oil and gas exploration activity lags previous year levels by 37 percent with only 40 exploration wells started so far this year compared with 64 at this point in 1989,
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Sep 20, 1999
Closer geological study of the Azeri sector of the Caspian could reveal a greater tendency towards gas than oil in the sea's deep-water section, the chief geologist
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Sep 20, 1999
Yang Ming Marine Lines approved a plan to issue $150-180 million in convertible bonds overseas to finance the purchase of nine new container ships. Yang Ming said it plans to buy seven ships,
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Sep 20, 1999
Norwegian cruise operators NCL Holding ASA has agreed to sell the cruise ship Aida to Arkona Touristik for $181 million.
NCL said the booked value of the vessel was $169 million,
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Sep 20, 1999
Daewoo Heavy Industries Co. Ltd., a unit of South Korea's Daewoo Group, won $110 million orders to build two ships for Norway and Hong Kong, company officials said.
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Sep 20, 1999
Two Dutch dredging firms played down market talk that they were about to place sizeable shipbuilding contracts with IHC Caland.
Dredging and construction firm
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Sep 20, 1999
A nuclear fuel shipment to Japan that has stirred up protests by environmentalists is expected to reach port aboard two British cargo ships on Sept. 22, according to Japanese media sources.
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Sep 20, 1999
While charterparties are, to a large extent based on standard forms, they are also subject to the inclusion of many amendments and additional clauses. These clauses need to be scrutinized with care,
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Sep 20, 1999
Don't travel to Ukraine at the dawn of the new millennium. Avoid Russian airports, take extra cash to Egypt, and don't get sick in the Philippines. Be wary of air
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Sep 20, 1999
International Communications and Navigation Limited, provider of marine electronic navigation and DGPS services has released new versions of its electronic charting
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Sep 20, 1999
Blue & Gold Fleet, San Francisco, Calif., elected Shelby Allen as vice president of sales and marketing, effective immediately.
Allen, whose responsibilities include
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