Friday, March 17, 2000 Maritime News

Shipping Not Affected By Louisiana Tanker Collision

Mar 17, 2000

Shipping operations at the Southwest Pass, off Louisiana, were not affected by a minor crude oil spill after two crude oil tankers collided on March 15, Coast Guard officials said.

EU, South Korea Fail To Solve Shipbuilding Row

Mar 17, 2000

EU, South Korea Fail To Solve Shipbuilding Row Two-and-a-half days of talks between the European Union and South Korea failed to allay European concerns that South

Carnival Q1 Profits Up, But Second Quarter Looks Weak

Mar 17, 2000

Carnival Corp. reported that profits rose nearly nine percent in the first quarter, matching Wall Street estimates, but said the outlook for the second quarter was weak.

Star, Carnival End NCL Joint Venture

Mar 17, 2000

Malaysia's Star Cruises Plc and Carnival Corp. have terminated a joint venture agreement to buy Norwegian cruise group NCL Holding ASA, paving the way for Star to have full ownership.

Offshore Rig Report

Mar 17, 2000

Offshore Rig Counts Increase The U.S. and European offshore rig counts increased since last week, according to Offshore Data Services' weekly mobile offshore rig count.

Dry Bulk Trends

Mar 17, 2000

Change Of Sentiment Seen In Atlantic Sector The dry cargo freight market saw a 15 point decline in the Baltic Panamax Index to 1,595, which was largely caused

Tanker Trends

Mar 17, 2000

Mideast Rates Climb As Heavy Fixing Seen Freight rates for crude tankers loading early April in the Middle East were climbing early last week as shipowners

New Online Maritime Mareketplace Set For Launch

Mar 17, 2000

Equilinx, a business-to-business e-commerce hub for the marine industry, will launch the world's first international online marketplace for ship repair and replacement parts,

South Korea To Resume Shipbuilding Talks With EU

Mar 17, 2000

South Korea's Commerce Ministry plans to resume talks in Brussels this week with the European Union to settle ongoing conflicts in the shipbuilding industry, ministry officials said.

Moody's Ups Newport News

Mar 17, 2000

Moody's Investors Service upgraded the senior unsecured debt rating of Newport News Shipbuilding Inc. (NNS) to Ba1 from Ba2 to reflect the company's improving operating and cash flow performance,

Loss Of Contract Deals Blow To N. Ireland Economy

Mar 17, 2000

Northern Ireland's economy suffered a blow when the shipyard that built the Titanic lost its bid to build a new Queen Mary cruise liner. The loss to a French

Daewoo Split: Painful But Necessary

Mar 17, 2000

The splitting of Daewoo Heavy Industries Co., the shipbuilding and machinery unit of South Korea's ailing Daewoo Group, into three firms should boost shareholder value, analysts said.

Asia Freight Seen Easing, But Demand Firm

Mar 17, 2000

Asian Panamax cargo rates for grains and minerals are likely to ease this week after a recent surge sent charterers to the sidelines, but demand in the Pacific market remains robust,

DNV Cleans Up With Millennium

Mar 17, 2000

The premiere vessel to be built to DNV's new voluntary class notation Clean Design is Royal Caribbean International's (RCI's) Millennium - the first of a new series of green ships for RCI.

ABN AMRO Raises 2001 Earnings Estimates For Offshore Drillers

Mar 17, 2000

ABN AMRO raised its 2001 earnings estimates for several offshore drillers and said the oil service industry was in the early stages of a multiyear growth phase.

Financing Sources For U.S. Ferries: U.S. Government Programs

Mar 17, 2000

By Todd D. Snyder & Lara Bernstein Mathews Dyer Ellis & Joseph, P.C. Recent growth in ferry construction, particularly in the U.S., has been significant.

Cruise Safety Enviro Record Good

Mar 17, 2000

Despite a rash of failures at sea and high-profile legal cases regarding illegal dumping, cruise shipping remains one of the safest and environmentally conscious modes of transportation available,

Offshore Recovery Stalled For Now

Mar 17, 2000

As crude oil prices reach Gulf War highs and recent memories of historic low crude prices fade, capital spending on finding and developing new oil reserves continue to play catch up.

Cruise Council Unanimously Adopts New Safety Policies

Mar 17, 2000

The 17-member cruise lines of the International Council of Cruise Lines (ICCL) submitted to the International Maritime Organization (IMO) three new policies addressing

P&O Reports Profits Are Flying High

Mar 17, 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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