Thursday, August 10, 2000 Maritime News

Full Steam Ahead For Big Cruise Lines

Aug 10, 2000

Despite softening per passenger yields and unprecedented expansion, big lines have no plans on curtailing new deliveries. Big cruise lines, despite a buffeting from soft ticket prices,

Jurong Shipyard Wins Cableship Contract

Aug 10, 2000

SembCorp Marine said on Thursday its unit Jurong Shipyard Pte Ltd has signed a $38.8 million contract to build a cable-laying and repair vessel for ASEAN Cableship Pte Ltd.

HHI Profits Plummet 68%

Aug 10, 2000

Korea's Hyundai Heavy Industries expects to post a net profit of $39.8 million (44.4 billion won) in the first half, down 68.2 percent from the first half of 1999.

Viktor Lenac Gets $25M Contract

Aug 10, 2000

Croatian ship repairer Viktor Lenac won contracts worth $25 million to refit two foreign ships by the end of this year. One ship is owned by Baltimore-based Caldwell

Whales Alter Adriatic Navigation

Aug 10, 2000

Last week Croatian maritime authorities restricted navigation off the Adriatic coast to allow two stray whales to find their way out to deep water, Reuters reported.

Engine Room Explosion Cripples Freighter

Aug 10, 2000

The Cyprus-flag freighter Theofano is without power northeast of Crete after an engine-room explosion, Reuters reported. One crew member of the 17,330-dwt vessel,

Large Tanker Rates Soar

Aug 10, 2000

Large tanker rates are soaring for Middle Eastern oil as charterers rush to grab ships for September cargoes before they run out, brokers said late last week. Rates

Bollinger Acquires Five Friede Goldman Shipyards

Aug 10, 2000

Bollinger Shipyards, Lockport, La. is now known as the largest vessel repair and conversion company in the Gulf of Mexico region upon its acquisition of the five

Tidewater To Purchase Platform Supply Vessels

Aug 10, 2000

Tidewater, Inc. has signed agreements, (which are subject to completion of normal due diligence matters), to buy two 220 ft. UT755 type platform vessels at an aggregate purchase price of $2.

Hvide And Tesoro Commence Double Hull Service

Aug 10, 2000

Hvide Marine and Tesoro Maritime have begun a new double-hull petroleum transport service in Alaskan waters. The 46,000-ton HMI Cape Lookout Shoals - one of Hvide's new U.

U.S. Attorney General To Christen Coast Guard Cutter

Aug 10, 2000

Marinette Marine Corporation will launch the U.S. Coast Guard Cutter SPAR August 12. The SPAR is the sixth ship in a series of sixteen Seagoing Buoy Tenders, which

DNV Garners Additional USCG Authorization

Aug 10, 2000

Det Norske Veritas (DNV) is now cleared by the U.S. Coast Guard to administer the following certificates: SOLAS Cargo Ship Safety Construction Certificate; SOLAS

Hornblower Marine Appoints Corporate Director

Aug 10, 2000

Hornblower Marine Services has elected Marc C. Cruder as director of Vessel Construction, Compliance and Safety. Cruder recently retired from the U.S. Coast Guard

Lockheed Martin Wins Search And Rescue Upgrade Contract

Aug 10, 2000

Lockheed Martin Naval Electronics & Surveillance Systems-Syracuse (NE&SS-Syracuse) will assist the U.S. Coast Guard with a significantly large upgrade to its Search

Racal Pelagos Granted $40 Million NOAA Contract

Aug 10, 2000

Racal Pelagos, a unit of the Racal Survey Group of companies, has been awarded a $40 million, four-year hydrographic survey contract in Alaska by the National Oceanographic

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