Thursday, March 16, 2000 Maritime News

Japanese Shipyard Orders Soar

Mar 16, 2000

Japanese shipyards received foreign orders for 25 vessels totaling 955,050 grt in February, up from five orders totaling 271,200 grt in February last year, the Japan Ship Exporters' Association said.

FedEx To Enter Ocean Shipping Business

Mar 16, 2000

FedEx Logistics Inc reportedly will enter the oceanshipping business. FedEx Logistics, a unit of FedEx Corp., will become a non-vessel operating common carrier (NVOCC),

Romanian Yard Close To Contracts

Mar 16, 2000

Romanian Black Sea shipyard Santierul Naval Constanta reportedly is close to clinching shipbuilding contracts worth the equivalent of $32 million with two big German companies this year.

PCA Seeking Ways To Safeguard Water

Mar 16, 2000

The Panama Canal Authority (PCA) inaugurated an inter-institutional commission charged with safeguaring the trade route's vital supplies of fresh water into the future.

Milford Haven Port Wins Sea Empress Fine Challenge

Mar 16, 2000

Britain's record fine for pollution, imposed on a port authority after a crude tanker ran aground in 1996, was slashed by the Court of Appeal. After a one-day hearing

Small Spill After Tankers Collide Off Louisiana

Mar 16, 2000

The U.S. Coast Guard said that shipping operations at the Southwest Pass, off Louisiana, were not affected by a minor crude oil spill after two crude oil tankers collided on Wednesday evening.

P&O Profits Flying High

Mar 16, 2000

Peninsular & Oriental Steam Navigation Co. posted full-year profits ahead of expectations last week, and said the recently announced demerger of its cruises division would be completed in October.

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