Friday, October 01, 1999 Maritime News

Minoan Flying Dolphins To Order Three Ferries

Oct 01, 1999

Minoan Lines subsidiary Minoan Flying Dolphins will reportedly order three more high speed ferries at a cost of $150 million, bringing its total newbuildings to eight.

Carnival Cruise Lines Founder Dies

Oct 01, 1999

Ted Arison, founder of Carnival Cruise Lines, reportedly died of a heart attack on Oct. 1 in Tel Aviv at the age of 75. Arison, listed in Forbes magazine as one of the world's richest men,

Polish Shipyard Gets Orders For Seven Ships

Oct 01, 1999

Poland's Szczecin shipyard has reportedly signed a contract for seven container vessels ordered jointly by Chilean firm Compania Chilena Sud America de Vapores

SS&Y's Atlantic Capesize Index Rises 148 Points

Oct 01, 1999

Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 148 points to 3,682 in the week ending Sept. 27. "A rise of 148 points in this week's index

SS&Y's Pacific Capesize Index Rises 37 Points

Oct 01, 1999

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 37 points to 3,287 in the week ending Sept. 27. "Cargoes uncovered for October helped to steady

Offshore Rig Demand Rises In U.S., Falls In Europe

Oct 01, 1999

Rig demand increased in the U.S. Gulf of Mexico and declined slightly in Europe, following a pattern that is likely to be repeated through the end of this year at least.

Stiff Rate Increases Seen For Atlantic Capers

Oct 01, 1999

Some stiff rate increases for Atlantic capers were seen for business to China and for trans-Atlantic coal, brokers said last Wednesday. Panamax rates were still drifting from the U.

Rates Rise Amid Increased Activity, Lack Of Vessels

Oct 01, 1999

Mideast-Asia VLCC and Mediterranean Suezmax crude tanker rates have risen due to increased activity and a lack of vessels, shipping brokers said Sept. 29. VLCC

ICB Tankers Deal Boosts Weeks' Ship Sales

Oct 01, 1999

Greek shipowner John Angel-icoussis' acquisition of four ICB tankers last week was the highlight of a busier market, Allied Shipbroking Inc. said in its latest ship sales report.

Controversial Nuclear Cargo Ship Docks In Japan

Oct 01, 1999

An armed British ship carrying recycled nuclear fuel docked on Japan's northeast coast early last week after a two-month voyage from Europe that sparked protests

Company Settles California Spill Case For $9 M

Oct 01, 1999

Company Settles California Spill Case For $9 M Privately-owned company Pearl Shipping has agreed to pay $9.4 million in compensation for an engine fuel spill from

Northwestern University Center To Open

Oct 01, 1999

Neptune Orient Lines (NOL), an early donor to the Northwestern University Transportation Center's "Building for the Future" campaign, is joining other supporters

New Ports Service Established

Oct 01, 1999

A new service between China and U.S. East Coast ports has been launched by Century Bridge Container Lines, which provides direct ports of call to Houston, Miami and N.

First Steel Cut Completed

Oct 01, 1999

Atlantic Marine, Jacksonville, Fla., has accomplished its first cut of steel for its new fleet of 226-passenger U.S.-flag coastal ships, Delta Queen Coastal Cruises.

Crowley Restructuring Announced

Oct 01, 1999

Crowley Maritime Corp. is planning a significant strategic restructuring that will result in a more decentralized ocean cargo transportation company once the sale

Shippers Suffer Losses Due To Blocked Danube

Oct 01, 1999

The Danube will remain blocked by bombed Yugoslav bridges through the winter, with the cost of removal estimated at as much as $31.5 million, the Danube Commission announced,

Tanker Owners To Gain Market Clout Through New Web-Based Information Sharing System

Oct 01, 1999

Tanker owners organization Intertanko is preparing to test a system to give ship owners greater market clout through increased vessel and cargo information sharing.

Conoco, Unocal Find Deepwater Oil Near New Orleans

Oct 01, 1999

Conoco Inc. and Unocal Corp. discovered oil with their K2 exploration well in the Green Canyon Block 562 in deep water in the Gulf of Mexico, Conoco said. Work on the well,

Conoco Sees Better Earnings Than Expected

Oct 01, 1999

Conoco Inc., the sixth-largest U.S. oil company, painted a bright picture of its third-quarter results, saying higher crude oil and natural gas prices should help

Chevron To Buy Argentinean Oil Exporter

Oct 01, 1999

Chevron Corp. has announced its intention to buy the second largest oil exporter in Argentina to boost its exploration and production overseas. The companies did


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