Wednesday, October 27, 1999 Maritime News

S&P Lowers Pegasus Rating

Oct 27, 1999

Standard & Poor's lowered its corporate credit rating on Pegasus Shipping (Hellas) Ltd. (Pegasus) to triple-'C'-minus from single-'B'-minus. At the same time, Standard

Chuan Hup To Buy 20 New Barges & Tugs

Oct 27, 1999

Marine shipping company Chuan Hup Holdings expects a new contract to ship coal to Indonesia to contribute significantly to group earnings in 2001, according to a company official.

Zeebrugge Traffic Up 6.6%

Oct 27, 1999

Total traffic through Zeebrugge port rose by 6.6 percent to 26.67 million tons in the first nine months of 1999. At the end of the year it expected total traffic to rise to 35 million tons versus 33.

LR Announces SSEE Winner

Oct 27, 1999

Compania Naviera Minera del Golfo SA de CV (Navimin) of Mexico has won the Standard Ship Emergency Exercise Award from Lloyd's Register (LR). The award was made to Mr.

Caterpillar's 3412E Provides High Power

Oct 27, 1999

Caterpillar's Engine Products Division has introduced the availability of a new, totally electronic 3412E marine diesel engine with ratings from 503 to 1,400-bhp (375-1,

FGI And Halter Merger Activities On Schedule

Oct 27, 1999

Friede Goldman International stated that its activities related to its pending merger with Halter Marine Group were progressing on schedule. The company has received

Celebrity Zenith Arrives At Newport News

Oct 27, 1999

Celebrity Cruise Lines' vessel Zenith arrived at Newport News Shipbuilding (NNS) on October 18 for its bi-annual drydocking. Owned and operated by Miami, Fla.-based Celebrity,

World's Biggest Cruise Liner Set To Sail

Oct 27, 1999

The world's biggest cruise liner, the 311-m (1,035-foot) Voyager of the Seas, will set sail this week from Finland to the United States. The $500 million vessel

Astano Delivers Discoverer Spirit

Oct 27, 1999

Astano, the Astilleros EspaƱoles offshore construction yard, has sent off Discoverer Spirit to American owner and operator Transocean Offshore. The second of a

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