Wednesday, October 20, 1999 Maritime News

Finnlines Buys 16.6% Of Transfennica

Oct 20, 1999

Finnlines said it had bought forest industry group Stora Enso's 16.6 percent stake in shipping company Transfennica for an undisclosed sum. Finnlines said it and

NCL Profits Double

Oct 20, 1999

Norwegian cruise company NCL Holding ASA said on Wednesday pre-tax profits almost doubled in the nine months to September 30 amid firm market sentiment and strong demand.

Odfjell Takes 50% Of Brazilian Shipper

Oct 20, 1999

Norwegian chemical tanker operator Odfjell last week acquired a 50 percent stake in Brazilian shipping company Flumar. Odfjell said the purchase would mean an investment

CMB Expects To Sell Naviga Insurance

Oct 20, 1999

Belgian shipping company CMB expects to sell off its Naviga insurance unit within the next three months and book a significant capital gain. The company, which

Japanese Foreign Ship Orders Up Sharply

Oct 20, 1999

Japanese shipyards received foreign orders for 38 vessels totaling 1,350,650 grt in September, up 175 percent from a year before, the Japan Ship Exporters' Association said last week.

U.S., Brazil Close To Shipping Pact

Oct 20, 1999

A shipping agreement which was expected to be signed last Wednesday between the U.S. and Brazil reportedly will provide equal access to government business and nullify two taxes that had penalized U.

Freight Market Quiet

Oct 20, 1999

Few significant developments emerged on Wednesday as the dry bulk market appeared to be stabilizing in most areas, reflected in the latest moves of the Baltic indices, brokers said.

Weather Stops Crude Exports

Oct 20, 1999

Mexico's crude oil export ports Dos Bocas and Pajaritos in the Gulf of Mexico remained closed on Wednesday by bad weather, the Transport Ministry said. Winds of up to 85 kmph were whipping up 14-ft.

Transas Earns ECDIS Type Approval

Oct 20, 1999

Transas Marine has become the first company in the world to receive type approval for its NAVI-SAILOR 2400 ECDIS (Electronic Chart Display and Information System).

Transas Earns ECDIS Type Approval

Oct 20, 1999

Transas Marine has become the first company in the world to receive type approval for its NAVI-SAILOR 2400 ECDIS (Electronic Chart Display and Information System).

 

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