Wednesday, December 22, 1999 Maritime News

Daewoo Wins $483M In Ship Orders

Dec 22, 1999

Daewoo Heavy Industries won $483 million in ship orders last week from companies in the U.S. and Greece. It will build four ultra large crude oil carriers for Majestic Shipping Co.

Restoration Settlement Reached for the North Cape Oil Spill

Dec 22, 1999

The owner, operator and insurer of the vessel North Cape have agreed to restock 1.24 million lobsters and pay $8 million to restore other natural resources injured

Canadian Pacific to Acquire TMM's Shareholding in Americana Ships

Dec 22, 1999

Canadian Pacific Limited has agreed to acquire the outstanding 50% of the Americana Ships joint venture from its partner, Transportacion Maritima Mexicana SA de CV of Mexico.

Four Ferries Taken From Service

Dec 22, 1999

China's southern province of Hainan has withdrawn four ferries with sub-standard equipment from service after 280 people died in a shipwreck last month. The move

Carnival Victory Floated Out In Italy

Dec 22, 1999

Carnival Cruise Lines new 102,000-gt cruise ship Carnival Victory was floated out of the shipyard last Wednesday at shipbuilder Fincantieri Cantieri Navali. The ship is 272 m long and has 1,

Malta Docks To Bid For U.S. Navy Work

Dec 22, 1999

Malta Drydocks last week signed an agreement with the United States Navy enabling it to bid for ship repair work on U.S. vessels but the opposition Labor Party

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