Monday, November 08, 1999 Maritime News

Bath Iron Works To Launch AEGIS Destroyer

Nov 08, 1999

Bath Iron Works will launch its 10th Arleigh Burke Class AEGIS guided missile destroyer, Howard, on November 20 at the West Gate. The vessel bears the name of Marine Corps Sgt.

FirstWave/Newpark Awarded Repair Contract

Nov 08, 1999

FirstWave/Newpark Shipbuilding was granted a contract by Pride Offshore of Houma, La. for repair and maintenance of the jack-up drilling rig Pride Colorado. The rig,

Oil Prices To Remain At Current Levels: Bankers

Nov 08, 1999

Central bankers meeting at the Bank for International Settlements reportedly expect world oil prices to remain around current levels, starting that higher prices are not in producers' interests.

Hanjin President Summoned By Prosecutors

Nov 08, 1999

South Korean prosecutors summoned Cho Su-ho, a President of Hanjin Shipping Co., for questioning over alleged tax evasion by Hanjin Group affiliates, according

Minoan Flying Dolphins Buys Six Ferries

Nov 08, 1999

Minoan Flying Dolphins bought six ferries, operating in the sea routes linking the ports of Piraeus and Rafina with the Cyclades islands, from businessman Costas Agapitos.

Experts Say Container Rates Will Rise Again

Nov 08, 1999

U.S. import container shipping rates on the Atlantic and Pacific should increase again next year, a senior shipping manager said, adding that most carriers will

Greenpeace Wins Bid To Delay North Atlantic Exploration

Nov 08, 1999

Greenpeace won its bid to delay oil exploration in the north Atlantic when a judge ruled the British government was failing to apply a European Commission environmental

Jurong Shares Firm Amid Stock-Split Rumors

Nov 08, 1999

Shares of Jurong Shipyard Ltd. firmed by more than six percent in early Friday trading on rumors that the shipyard might announce a stock-split exercise to improve its liquidity,

Masa-Yards May Cooperate With Gdynia

Nov 08, 1999

Masa-Yards, a unit that Kvaerner has put up for sale, could cooperate in building vessels with the Polish Gdynia shipyard, a group official said. Gdynia shipyard had planned to bid for Masa-Yards,

Fincantieri Posts $246M Loss

Nov 08, 1999

Fincantieri posted a nine-month 1999 operating loss of $246 million. The company, on the government's privatization list, reported that the loss was due to continuing

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