October, 1999 Maritime News

Oil Prices Steady As Buyers Return

Oct 29, 1999

Oil prices steadied as buyers returned to the market on Friday to take advantage of a five percent slump set off by speculative fund sell-off on Thursday. Brent

LCL Buys Stake In Royal Olympic

Oct 29, 1999

Cyprus cruise operator Louis Cruise Lines has signed a deal to acquire a 51.4 percent controlling stake in Nasdaq-listed Royal Olympic Cruise Lines. The value of the deal was not released.

Cargo Ship Missing, Feared Hijacked

Oct 29, 1999

A Japanese cargo ship has been missing since its departure in Indonesia Oct. 22, prompting fears that it might have been hijacked. The Alondra Rainbow, carrying 7,

CSBC To Build Containerships For Maersk

Oct 29, 1999

China Shipbuilding Corp. (CSBC) has reportedly won a contract to build two more small container vessels for Maersk Line, which already has four vessels on order with the Taiwanese company.

Royal Caribbean Fined $6.5 Million For Spill

Oct 29, 1999

Royal Caribbean Cruises Ltd., the world's second-largest passenger cruise line, was fined $6.5 million on Oct. 21 for dumping oily bilge water and other pollutants into Alaskan waters.

SS&Y Capesize Indices Fall

Oct 29, 1999

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 32 points to 4,346 in the week ending Oct. 25. "Despite a 32 point decline in the index, there

Offshore Rig Counts Unchanged

Oct 29, 1999

The offshore rig count pattern of recent weeks continues. According to Offshore Data Services' weekly mobile offshore rig count, the U.S. Gulf of Mexico rig count

McClier-Frederic R. Harris To Create Major Hub On Suez Canal

Oct 29, 1999

The McClier-Frederic R. Harris architecture, engineering, construction and consulting team has been selected to create a trade port and industrial city at Port Said East,

New Cat 3412E Offers More Power

Oct 29, 1999

Caterpillar's Engine Products Division offers a new totally electronic 3412E marine diesel engine with ratings from 530-1,400 bhp for commercial marine application.

Hvide Marine Reports Third Quarter Loss

Oct 29, 1999

Hvide Marine Inc. reported a net loss of $20.1 million or $.129 per diluted share on revenues of $86 million for the quarter ended September 30, 1999. In the period one year earlier,

Moore Stephens Branches Out To Russia

Oct 29, 1999

Shipping accountant Moore Stephens has continued its expansion in Russia by opening an office on Sakhalin Island in Russia's Far East. Martin Rix will move from

Holland & Knight Names Exec. Partner

Oct 29, 1999

William J. Honan was appointed executive partner of the N.Y. office of Holland & Knight LLP, effective October 1, 1999. As executive partner, Honan will focus on the continued growth of the N.

Marinette Marine Corp. To Launch U.S. Navy Vessel

Oct 29, 1999

Marinette Marine Corp. To Launch U.S. Navy Vessel Marinette Marine Corp. launched the U.S. Navy's Barracks Craft (APL-65) into the Menominee River at a ceremony on October 30.

Lawrence Graham Appoints New Partner

Oct 29, 1999

London-based law firm Lawrence Graham has appointed Charles Baker, an experienced maritime and trade lawyer, as a new partner. Baker, who has more than 25 years experience in maritime law,

R&B Falcon Drillship Sustains Damage

Oct 29, 1999

R&B Falcon's drillship Deepwater Pathfinder sustained damage recently when 20 joints of the vessel's riser and its blowout prevention equipment fell to the seabed in about 7,000 ft.

GlobeOffshore Now Available From Globe Wireless

Oct 29, 1999

GlobeOffshore, the first fully integrated workboat management system, is now available from Globe Wireless. The system acts as a decision support tool helping to improve vessel utilization,

EuroCom Downgrades Forecast

Oct 29, 1999

Maritime communications equipment maker EuroCom Industries (ECI) downgraded its 1999 sales and earnings forecast last week, citing slow demand for a key product after U.

Shell To Spend $1B To Develop Nigerian Field

Oct 29, 1999

Royal Dutch/Shell plans to spend $1 billion developing the 120,000 bpd shallow water EA field off Nigeria using an innovative funding scheme. "The acreage would

Mobil-Brand Marine Lubricant Service Available

Oct 29, 1999

Mobil Corporation's affiliates will now offer marine lubricant service to shipping companies calling on ports located in the Dominican Republic, Curacao, Aruba and Bonaire.

Keppel Elects New Executive Chair

Oct 29, 1999

Keppel Corp. Limited and Keppel TatLee Bank Limited have appointed Lim Chee Onn as executive chairman upon the retirement of Sim Kee Boon, effective January 1, 2000.

12
 

2014 2014

2013 2013

2012 2012

2011 2011

2010 2010

2009 2009

2008 2008

2007 2007

2006 2006

2005 2005

2004 2004

2003 2003

2002 2002

2001 2001

2000 2000

1999 1999

rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0873 sec (11 req/sec)