Monday, August 14, 2000 Maritime News

ShipServ Launches E-Commerce Site

Aug 14, 2000

ShipServ (www.shipserv.com) now provides an end-to-end web-based procurement applications supporting both ship managers and suppliers in the maritime industry.

Oscar-2 Submarine: An Aircraft Buster

Aug 14, 2000

The Russian nuclear-powered Kursk submarine, crippled by a technical fault and stuck on the bed of the Barents Sea, is an aircraft carrier buster capable of launching

Outlook Not Great For 100 Russian Sailors, Sub

Aug 14, 2000

In quickly evolving events, Russia's navy on Monday was desperately trying to rescue more than 100 sailors trapped in a crippled nuclear-powered submarine on the bottom of the sea.

TMM: Financial House In Order

Aug 14, 2000

Mexico's Transportacion Maritima Mexicana SA said it is in a solid financial position and would have no problem paying off $142 million in senior unsecured notes due Oct.

Daewoo Reports Hefty Losses

Aug 14, 2000

Daewoo Heavy Industries Co. (DHI)announced a loss in the first- half of this year of 337.7 billion won ($302.9 million), compared with net income of 53.2 billion won in the same period last year.

Norway Holds Emergency Meeting Regarding Sub

Aug 14, 2000

Norway called a meeting of a crisis team for radioactive accidents on Monday, August 14, after technical faults forced a Russian nuclear submarine to run aground on the sea bed off northern Russia.

Russian Nuclear Sub Trapped On Bottom

Aug 14, 2000

More than 100 Russian sailors are reportedly trapped in their nuclear-powered submarine on the sea bed off northern Russia, after technical faults apparently forced

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