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Nov 05, 1999
Panama Canal Water Supply Study Underway
A feasibility study to safeguard Panama Canal water supplies into the 21st century is under way, the waterway's project manager said.
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Nov 05, 1999
Oil firms in the final stages of testing for possible millennium disturbances on Norway's offshore oil and gas platforms say they are confident there will no major mishaps at midnight on December 31.
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Nov 05, 1999
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 152 points to 4,194 in the week ending Nov. 1. "The index fell as only Chinese cargoes remained very active,
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Nov 05, 1999
The worldwide offshore rig demand declined since last week, according to Offshore Data Services' weekly mobile offshore rig count. While demand in the U.S. Gulf improved,
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Nov 05, 1999
Charter rates for product tankers continued to be depressed as surplus tonnage kept a lid on rises last week despite an increase in business in several loading areas.
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Nov 05, 1999
Minoan Flying Dolphins Acquires Five Ferries
Minoan Flying Dolphins, a subsidiary of Minoan Lines, has acquired five used ferries that service routes linking the
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Nov 05, 1999
OPEC compliance with supply curbs appears to have fallen in October but from a level revised higher for September, according to a leading consultant. Preliminary
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Nov 05, 1999
LCL Buys Stake In Royal Olympic
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.
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Nov 05, 1999
American Classic Voyages has acquired one of the most storied and renowned names in the history of ocean-going passenger transportation - United States Lines -
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Nov 05, 1999
Around 200 delegates from all sectors of the Dutch maritime industry attended a Y2K seminar organized by Dutch-Belgian surveying group Touw Holding. Representatives of banks,
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Nov 05, 1999
Swiss shipowner Massoel S.A. reportedly has ordered three Handymax bulk carriers in cooperation with Norway's B Skaugen shipping group. The 46,000-dwt vessels are
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Nov 05, 1999
Eight people were killed when a ferry sank in the northern Philippines. Colonel Delfin Bravo, police operations officer in Tuguegarao, said 50 passengers survived
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Nov 05, 1999
Ecuador's shrimp exports will suffer big losses this year due to low world prices and attacks of white spot virus, industry officials said. A hit to the country's
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Nov 05, 1999
OPEC oil producers will need to invest $60 billion by 2010 to meet world oil demand, the group's president said.
"To maintain its 1995 production level and make
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Nov 05, 1999
Baker Hughes Inc., the world's third biggest oilfield services company, reported sharply lower third-quarter operating earnings, but said business had begun to
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Nov 05, 1999
At least 11 illegal immigrants died in a fire last Monday on an Italy-bound Greek ferry with more than 400 people aboard, Merchant Marine Ministry officials said.
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Nov 05, 1999
The government of Panama announced two days of celebrations ahead of next month's official U.S. transfer of control over the Panama Canal. The canal is due officially
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Nov 05, 1999
Public Ports Push For Federal Funding Of Deep Draft Navigation
U.S. public port officials testified Wednesday, Nov. 3, at a hearing before the House Transportation
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Nov 05, 1999
Shares in Finnlines surged last week, with analysts crediting the rise to growing European economic activity and Finnlines' recent deal to buy a stake in shipping group Transfennica.
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Nov 05, 1999
A Japanese cargo ship has been missing since its departure in Indonesia Oct. 22, prompting fears that it might have been hijacked.
Alondra Rainbow, carrying 7,
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