July, 2000 Maritime News

Cement Barge Collides With Casino Boat

Jul 31, 2000

Fears of casino boats potentially colliding with real working vessels on busy waterways was a core tenant of the drive to keep the vessels permanently moored at dock.

Sener Enters Singapore With SeaTech

Jul 31, 2000

SENER is proud to announce its entry into Singapore with the introduction of the FORAN CAD/CAM/CIM System at the offices of SeaTech Solutions International (S) Pte Ltd.

Carnival Cruise Lines Takes Delivery Of Victory

Jul 31, 2000

Carnival Cruise Lines, a unit of Carnival took delivery of its new $440 million, 893 ft. (272 m) cruise ship, the 102,000-ton Carnival Victory, during the traditional

GUIDO PERLA, SENER to work together on SWATH project

Jul 31, 2000

GUIDO PERLA & ASSOCIATES, Seattle, Washington, and Spain’s SENER INGENIERIA Y SISTEMAS have teamed up to develop the detailed structure and outfitting engineering of an oceanographic research ship,

Shipyards Hold “Informal” Merger Talks

Jul 31, 2000

Keppel Hitachi Zosen reportedly had informal merger discussions with rival SembCorp Marine today. "...we have had informal discussions with SembCorp Marine but

Frontline Reaches Agreement With Golden Ocean Creditors

Jul 31, 2000

Frontline has reportedly secured backing from major creditors of U.S. tanker group Golden Ocean for a takeover plan. Frontline has reached an agreement with creditors holding $101.

Tanker Rates: How High Is Too High?

Jul 31, 2000

Current oil tanker rate highs are an aberration caused by a spike in oil demand and will fall sharply, shipping analysts said. In a report, Drewry Shipping Consultants

U.S. Gas Rigs Up 28

Jul 28, 2000

The number of U.S. rigs searching for natural gas in the U.S. rose by 28 to 764, an all-time record high, while the number of rigs searching for oil fell by three

FirstWave/Newpark Awarded Contract Duo

Jul 28, 2000

FirstWave/Newpark Shipbuilding was granted two contracts from Marine Drilling Company. The Marine Rig 202 arrived from Singapore on June 26 for skirt repairs and replacement to the rig mat.

IBM Granted $168.5 Million Navy Contract

Jul 28, 2000

IBM has been awarded a contract of up to $168.5 million by the Naval Sea Systems Command (NAVSEA) to serve as the prime integrator of NAVSEA's Regional Maintenance

U.S Navy Vessel To Visit China

Jul 27, 2000

The U.S. Navy guided-missile cruiser Chancellorsville will visit Qingdao, China, in August as part of a series of such visits between the two countries, the Defense Department said.

Tranz Rail Cuts Back Fast Ferry Sailings

Jul 27, 2000

New Zealand rail and inter-island ferry operator Tranz Rail Holdings has cut back the number of fast ferry sailings from three a day to two for the upcoming summer

Oil Drilling In NW Europe On The Rise

Jul 27, 2000

Exploration and appraisal drilling in northwest Europe has shown a sharp increase in 2000 over year-ago levels, industry consultants Arthur Andersen said in a report.

Colombo Dockyard Is Back In Business

Jul 26, 2000

Colombo Dockyard Ltd resumed operations on Wednesday after successful negotiations with unions following a week-long dispute. The Sri Lankan ship builder stopped

25% Of Shipbuilder To Be Sold

Jul 26, 2000

Ukraine will sell 25 percent in its shipbuilding company Meridian through a privatization tender in September, the State Property Fund said. The fund said the starting

European Commission Seeks Legal Action In Subsidy Row

Jul 26, 2000

The European Commission taking Spain to the European Court of Justice in Luxembourg over its failure to recover around 111 million euros in what it calls illegal state aid to its shipyards.

Chiles IPO Shelved Indefinitely

Jul 25, 2000

Chiles Offshore Inc. postponed indefinitely its initial public stock offering because of market conditions, lead underwriters Credit Suisse First Boston said. The

Diamond Offshore Raised To

Jul 25, 2000

Deutsche Banc Alex. Brown reportedly raised its investment rating on shares of Diamond Offshore Drilling Inc. to strong buy from market perform. Said in a note,

Aker Wins Bluewater Contract

Jul 25, 2000

Aker Maritime's Oil and Gas Technology unit reportedly won a five-year deal with U.K.-based offshore production contractor Bluewater Services worth about 40 million pounds.

Sembcorp Ups Stake In SembCorp Marine

Jul 25, 2000

Singapore conglomerate SembCorp Industries Ltd has reportedly acquired another five million shares of SembCorp Marine at S$0.705 each after buying 40 million shares last week.

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