Tuesday, July 25, 2000 Maritime News

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.

Royal Caribbean Income Soars 27%

Jul 25, 2000

While its stock price remains in the doldrums, Royal Caribbean Cruises Ltd. nonetheless reported a 27 percent rise in second quarter 2000 net income along with a boost in capacity.

Colombo Dockyard Workers In Talks To End Dispute

Jul 25, 2000

Colombo Dockyard Ltd. was to hold talks with the labor minister and unions to resolve a dispute that forced the Sri Lankan ship builder to halt operations last week.

Tanker Rates Are

Jul 25, 2000

Caribbean crude tanker rates shot through the roof as oil poured towards the United States, brokers said. Typical rates for 70,000 ton upcoast U.S. liftings soared past W300 ($12.

Oil Majors Report High Profits

Jul 25, 2000

Driven by the sustained high price per barrel of oil, oil majors Chevron and Amerada Hess today announced outstanding financial results for the second quarter. Chevron, the No.

OceanConnect.com

Jul 25, 2000

OceanConnect.com, the global e-commerce marketplace for the purchase and sale of marine fuels and products, began operations on July 25 as the first step in a 90-day launch period.

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