Monday, January 24, 2000 Maritime News

Samsung Heavy Sees Sales Up On Year

Jan 24, 2000

South Korea's Samsung Heavy Industries Co. has set a 2000 sales target of $3.5 billion, up from a provisional $3.4 billion for 1999. A spokesman said the company

UAE Group Buys Third Ship From Hitachi

Jan 24, 2000

A United Arab Emirates company has reportedly signed a contract with Japan's Hitachi Zosen Corp. to buy a third bulk carrier at a cost of about $22 million. The

NCL Board Seeks New Share Issue

Jan 24, 2000

NCL Holding's board is seeking a mandate to issue 120 million new shares at a price of at least 35 crowns ($4.39) per share. Singapore-listed Star Cruises, which

Hanjin Sees 1999 Sales At $1.4B

Jan 24, 2000

South Korean shipbuilder Hanjin Heavy Industries Co. Ltd. said on Monday it expects to post sales of $1.4 billion for 1999 and a net profit of $84.3 million. Officials

Doomed Trawler May Have Hit Mine

Jan 24, 2000

A Scottish trawler that sank in the Irish Sea last week, drowning its seven crew, may have hit an abandoned mine, according to press reports. Marine accident investigators

World Piracy Up 40% In 1999

Jan 24, 2000

Pirate attacks worldwide surged 40 percent in 1999 as economic and political troubles in Indonesia spurred a dramatic increase in incidents in Southeast Asia, according

TotalFina Tightens Tanker Regulations After Erika Spill

Jan 24, 2000

Oil giant TotalFina, which chartered the ill-fated oil tanker Erika, has tightened its policy on chartering older tankers. However, company officials stressed that a new age limit on large ships,

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