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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
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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.
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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,
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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.
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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.
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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
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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
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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,
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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.
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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,
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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
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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.
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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.
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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,
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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.
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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,
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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.
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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
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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.
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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.
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