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Jan 28, 2000
The European Commission is expected to start a probe into state aid to a German subsidiary of Anglo-Norwegian engineering and shipbuilding group Kvaerner Plc. The
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Jan 28, 2000
China has executed 13 people for clubbing 23 seamen to death and throwing their bodies overboard in the country's biggest piracy case in 50 years, news reports said.
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Jan 28, 2000
Age limits being imposed on tanker chartering by oil companies do not address the use of ships like the Erika, which broke up off France in December, shipping industry sources said.
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Jan 28, 2000
European maritime administrations signed an agreement to set up a central shipping safety database aimed at eradicating dangerous vessels. The Equasis system will
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Jan 28, 2000
TotalFina plans to add $4.5 million for tourism promotion to the $120 million it has already pledged to clean up the December fuel spill from its chartered tanker Erika.
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Jan 28, 2000
NCL Holding plans to block a takeover bid from Star Cruises, accusing it of skirting the law and buying NCL shares. Officials of NCL, which is the target of a bid war between Star and Carnival Corp.
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Jan 28, 2000
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 45 points to 4,060 in the week ending Jan. 24.
"A fresh decline in the Pacific Capesize Index
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Jan 28, 2000
Chartering conditions were dull throughout the Atlantic sector of the dry cargo freight market, brokers said. Capesize activity was very limited and Panamax rates
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Jan 28, 2000
Mideast-Far East crude oil tanker freight rates leapt skywards for the second day in a row as the Erika-effect took hold, shipping brokers said on Jan. 21.
Japan-bound
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Jan 28, 2000
Malta last Wednesday appointed the head of Malta Shipbuilding as chairman of Malta Drydocks, pointing to closer cooperation between the two loss-making firms. The
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Jan 28, 2000
Marine Drilling Companies Inc. reported fourth quarter 1999 net income of $2.5 million, or $0.04 per share, on revenues of $44.8 million, compared to net income of $7.
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Jan 28, 2000
The Manitowoc Company, Inc. reported record financial results for both the fourth quarter and full year ended December 31, 1999. This was the company's fifth year
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Jan 28, 2000
Based in Washington, D.C., Military Sealift Command (MSC) has chosen Autoship Systems' onboard stability program Autoload for their vessels.
Autoload allows vessel
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Jan 28, 2000
Divers have plugged most of the leaks in a tanker carrying heavy fuel, which sank off the United Arab Emirates, the UAE coastguard said. Hassan Malallah said a
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Jan 28, 2000
Carnival Corp. revived a war for control of Norway's NCL Holding last Thursday with plans for a $1.3 billion offer, topping a bid by Malaysia's Star Cruises. (see
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Jan 28, 2000
Ship inspection organizations, criticized in the wake of the Erika oil spill, are considering changes to their procedures. A special meeting has been called to
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Jan 28, 2000
The oil spill off France from a chartered tanker has so far cost TotalFina more than $123 million, according to Chairman Thierry Desmarest.
Desmarest announced Jan.
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Jan 28, 2000
Oil giant TotalFina, which chartered the ill-fated oil tanker Erika, tightened its policy on chartering older tankers. However, company officials stressed that a new age limit on large ships,
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Jan 28, 2000
A 27-year-old molasses tanker escorted to Falmouth in the U.K. after safety defects were found was flagged and classed by the same bodies responsible for the Erika,
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Jan 28, 2000
A group of 41 oil majors will make their tanker inspection reports available to port examiners in Europe. They also aim to ensure higher standards for their shared
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