Wednesday, December 29, 1999 Maritime News

Tanker Sinks At Mouth Of Bosphorus

Dec 29, 1999

A Russian-flagged tanker broke in two and its bows sank on Wednesday near the mouth of the Bosphorus, among the world's busiest shipping routes, spilling oil onto Istanbul's residential coastline.

AP Moeller Shares Fly High In '99

Dec 29, 1999

Danish shipping and oil group A.P. Moeller shares surged 95 percent in 1999, bolstered by a 150 percent rise in crude oil prices and improved freight rates, and

St. Lawrence Seaway Closed Until Spring

Dec 29, 1999

The St. Lawrence Seaway is officially closed to navigation until spring. The last vessel to pass through the Seaway was the chemical tanker Petrolia Desgagnes, which made its way through the St.

$160 Million Earmarked For New Ships

Dec 29, 1999

Nigeria Liquefied Natural Gas (LNG) said its transport subsidiary had secured a $160 million loan for two new ships from banks led by Credit Suisse First Boston.

Finnegan Joins Drew Marine As Manager

Dec 29, 1999

The Drew Marine Division of Ashland Specialty Chemical Company has elected John C. "Jack" Finnegan as manager of new business development. Finnegan, who comes

Drew Marine Realigns Management Team

Dec 29, 1999

In order to enhance its efficiency and coordination in response to shipowners' growing requirements for global supply, the Drew Marine Division of Ashland Specialty

Carnival Passengers Protest After Millennium Cruise Problems

Dec 29, 1999

About 200 passengers on a millennium cruise to the Caribbean protested at dockside in Nassau on Tuesday, complaining that engine problems on the Carnival cruise

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