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Nov 16, 1999
Latvian Shipping officials said that a deal with Hyundai Heavy Industries for six tankers worth some $200 million has been scrapped, due to political delays on the Latvian side.
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Nov 16, 1999
A day-long nationwide strike called by Bangladesh's opposition parties has dealt a fresh blow to the country's shipping sector, already hit by political unrest in the country,
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Nov 16, 1999
Panamax tanker specialist Pegasus Shipping is reportedly discussing restructuring its $150 million 1997 junk bond issue with noteholders. Officials said the company
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Nov 16, 1999
Minoan Lines subsidiary Minoan Flying Dolphins added to a recent flurry of vessel acquisition with the purchase of 10 more ferries for an undisclosed amount, bringing its total fleet to 63 vessels.
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Nov 16, 1999
Ferry operator Stena Line has purchased smaller Swedish ferry group Scandlines AB from the state owned railway group SJ for $67.1 million. Scandlines, with 1,180 staff,
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Nov 16, 1999
Vosper Thornycroft Holdings Plc, Britain's second biggest warship builder, reported an increase in pretax profit of 8.2 percent to $25.9 million in the six months ending Nov.
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Nov 16, 1999
The first tanker to carry Iraqi oil exports under the next phase of the U.N. "oil for food" deal has been chartered subject to the program being extended, according to shipping brokers.
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Nov 16, 1999
The U.S. Interior Department suspended 36 oil leases in California's offshore waters and ordered a review of the impact the drilling would have on the environment.
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Nov 16, 1999
Moody's Investors Service has placed the long term debt ratings of Royal Caribbean Cruises Ltd. on review for a possible upgrade based on its improved debt protection measures,
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Nov 16, 1999
Oil inventories are getting so tight that commercial stockcover held by oil companies could hit minimum operating levels by early next year, London's Center for Global Energy Studies warned.
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Nov 16, 1999
Tugboat operator Adsteam Marine Ltd. is reportedly performing ahead of the same period in the previous year, but has not yet made a decision on whether to sell its stake in Holyman Ltd.
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Nov 16, 1999
Royal Caribbean Cruises Ltd. signed a letter of intent with Meyer Werft shipyard in Papenburg, Germany to build the third and fourth Vantage class vessels.
RCL
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