Tuesday, October 03, 2000 Maritime News

SS&Y Atlantic Index Up, Pacific Index Down

Oct 03, 2000

Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 162 points in the week ending Monday to 5,700. "Capesize rates strengthened overall by the

Vosper Thornycroft May Have To Lay Off 650

Oct 03, 2000

Vosper Thornycroft Holdings Plc said on Tuesday it may have to make up to 650 people redundant due to a shortage of short-term shipbuilding production work. Vosper

Irving Shipbuilding To Construct Tugs For Panama Canal Authority

Oct 03, 2000

Irving Shipbuilding has secured an order for two azimuthing stern drive Tugs for the Panama Canal Authority. The 101 ft. (30.8 m) reverse tractor tugs are driven

Costa Crociere Unit Orders Two New 105,000-Ton Vessels

Oct 03, 2000

Costa Crociere S.p.A., a unit of Carnival Corp. has signed a letter of intent with Italian shipyard Fincantieri Cantieri Navali S.p.A. for the construction of two 105,

Atlantic Marine Wins Second Reinauer Tug/Barge Contract

Oct 03, 2000

Atlantic Marine, Inc. has received a contract for a second state-of-the-art articulated tug and barge (ATB) vessel to be built at its Alabama Shipyard facility in Mobile,

Taiwan To Ease Direct Shipping To China

Oct 03, 2000

Taiwan will ease a ban on direct trade and shipping links with China from mid-December, calling it a goodwill gesture and urging its arch-rival to reciprocate. "We are waiting for them.

EU Could Resolve Shipbuilding Row At WTO

Oct 03, 2000

The European Union could take South Korea to the World Trade Organization (WTO) over its shipbuilding practices after talks last week failed, EU officials said.

U.S. Supreme Court Reject Exxon Appeal

Oct 03, 2000

The U.S. Supreme Court rejected on an appeal by Exxon Mobil Corp. over the $5 billion punitive damages verdict against it for the 1989 Exxon Valdez accident, the nation's worst oil spill.

EU Calls For Single-Hull Phase Out

Oct 03, 2000

European Union governments on Monday called for single-hull oil tankers to be phased out as part of their response to the Erika oil spill disaster. The EU wants

U.S. Company To Assist Russian Sub

Oct 03, 2000

Russia signed a deal with an American company - the Norwegian arm of Halliburton -- to recover at least some of the bodies of the 118 sailors who died when the

Cammell Laird Receives Major Refit Contract

Oct 03, 2000

Cammel Laird was awarded a major UK Ministry of Defence ship refit contract involving the mid life extension of the diesel electric powered Oceanographic Research Vessel RMAS Newton,

LR's Gavin Addresses Substandard Shipping

Oct 03, 2000

"The loss of the Erika has focused the legislators, politicians, classification societies, owners, charterers and the media on the responsibilities of the individuals

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