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May 08, 2000
Oil and shipping conglomerate A.P. Moeller has placed a $300 million order with a South Korean shipyard for a new jack-up oil rig for its Maersk Drilling unit.
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May 08, 2000
South Korea's Hyundai Engineering & Construction has won a $510 million order to build a container terminal in Hong Kong. Hyundai was reportedly awarded the deal by a group of Hong Kong companies,
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May 08, 2000
Iceland's merchant seamen on Sunday called off a strike that had idled shipping for a week. The agreement means that the nine ships currently idle in Icelandic ports can now resume operations.
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May 08, 2000
At least 38 people died and 70 are missing after an Indonesian ferry sank on Sunday. The Japanese-built ferry Masnait was carrying 192 people when it went down
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May 08, 2000
OPEC officials said all OPEC ministers are in favor of leaving oil production levels unchanged at an extraordinary meeting of the cartel scheduled for next month.
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