November, 2000 Maritime News

Diesel Engine Market Expands

Nov 30, 2000

Finnish engineering group Wärtsilä said its share of the global marine engine market in the 12 months to end-May dipped to 28 percent from 29 percent a year ago, but the market had grown considerably.

Oil Spill Closes Mississippi

Nov 30, 2000

The Mississippi River was shut to all vessels Tuesday night after the Westchester, a 13,000-barrel crude oil spill near the mouth of the river some 60 miles south of New Orleans, the U.

Intertanko Names New Managing Director

Nov 30, 2000

Intertanko announced that Dr. Peter Swift (55) has been appointed as the new Managing Director of the Association after Mr. Dagfinn Lunde. He will take up his new position as from 1 February , 2001.

Graykowski Joins Dyer Ellis & Joseph

Nov 29, 2000

Former Deputy Administrator of the U.S. Maritime Administration (MarAd) John E. Graykowski has joined the law firm of Dyer Ellis & Joseph as a shareholder. Since

Bulk Carrier In For Repair

Nov 29, 2000

The Maltese-flag bulk carrier Fortuna Europa arrived in Yokohama on November 27 for permanent repairs to damage sustained at Balboa in September, Reuters reported.

U.S. Stock Build Eases Oil Pricing

Nov 29, 2000

U.S. crude stocks last week rose for the fourth straight week though low import levels kept the increase below expectations, according to the American Petroleum Institute (API).

Taiwan Cuts Bunker Fuel Prices $10

Nov 29, 2000

Taiwan's Chinese Petroleum Corp. (CPC) has cut spot bunker fuel oil prices to $171 per ton from $181 effective from Tuesday. The posted prices were for spot 180

Pertamina To Stop Using Tanker For LSWR

Nov 29, 2000

Indonesian state oil company Pertamina will stop using the Platinum tanker as a storage platform for low sulfur waxy residual (LSWR) in December, Reuters reported.

Osprey Reports Strong Profits

Nov 29, 2000

Osprey Maritime Ltd., in the middle of being taken over by Norwegian shipping magnate John Fredriksen, reported a sharp earnings turnaround on Wednesday, suggesting

Carib Freight Rates Soar

Nov 29, 2000

Freight rates for Caribbean clean cargoes leapt to nearly W400 on Wednesday from W335 at the start of the week, brokers said. "There's a shortage of Boston-suitable tonnage,

EU To Ban Subsidies, Monitor S. Korea

Nov 29, 2000

The European Commission plans to bar state aid to European shipyards from the year-end, but could reinstate it within months if South Korea fails to halt alleged unfair help to its shipbuilders,

Greek Ferry Exec Plunges To His Death

Nov 29, 2000

A senior executive at the shipping company which owned a Greek ferry that sank in September killing 80 people, plunged to his death from the sixth floor of his office building on Wednesday,

Fincantieri Awarded Carrier Contract; To Expand Facilities

Nov 28, 2000

It was reported that Italy's Defense Ministry placed a $757 million order for an aircraft carrier with Fincantieri SpA. The order for the 235-meter long vessel,

Daewoo Shipbuilding Files Suit

Nov 28, 2000

Financially-troubled Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. has reportedly filed a lawsuit against the Korean Ministry of National Defense

AMCV Outlines Expansion Plans

Nov 28, 2000

American Classic Voyages Co., which is currently engaged in a high-profile effort to build cruise ships in the U.S., recently provided financial information on

Alstom Chosen For Innovative Hopper Dredge Project

Nov 28, 2000

A new niche for Alstom to equip the first 8,500 cu. m. hopper dredge with electric propulsion. Alstom Power Conversion has been awarded a contract by E.N. Bazan-Juliana

Daewoo Shipbuilding Files Suit

Nov 28, 2000

Financially-troubled Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. has reportedly filed a lawsuit against the Korean Ministry of National Defense

Alstom Chosen For Innovative Hopper Dredge Project

Nov 28, 2000

A new niche for Alstom to equip the first 8,500 cu. m. hopper dredge with electric propulsion. Alstom Power Conversion has been awarded a contract by E.N. Bazan-Juliana

AMCV Outlines Expansion Plans

Nov 28, 2000

American Classic Voyages Co., which is currently engaged in a high-profile effort to build cruise ships in the U.S., recently provided financial information on

Costa Classica Pull-Out Hurts Cammell Laird

Nov 28, 2000

A British shipbuilding union sought urgent talks on Friday with the UK trade secretary to save 700 jobs threatened by the likely loss of a contract at Merseyside

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