Tuesday, December 05, 2000 Maritime News

Hvide Marine Elects New General Counsel

Dec 05, 2000

Hvide Marine has appointed Alan R. Twaits as senior vice president, general counsel and secretary with responsibility for all legal activities of the company, its subsidiaries and affiliates.

Bouygues Offshore's Stock Outperforms

Dec 05, 2000

Morgan Stanley Dean Witter raised its recommendation today on French oil services company Bouygues Offshore to "outperform" from "neutral" and gave a price target of 55 euros ($48.

AsiaSat And Telstra Share Networks

Dec 05, 2000

Australian telecom giant Telstra and Hong Kong-based Asia Satellite Telecommunications Co. said on Tuesday they had established a framework for Telstra to use AsiaSat satellite capacity in Asia,

Sumitomo And Mitsui Finalize Merger Conditions

Dec 05, 2000

Sumitomo Marine & Fire Insurance Co. and Mitsui Marine & Fire Insurance Co. on Tuesday announced terms under which they will merge next October, creating Japan's

EU Agrees To WTO Action

Dec 05, 2000

European Union member governments agreed on Tuesday that the EU should launch World Trade Organization (WTO) action against South Korea unless Seoul changes the

NYSE Suspends Trade Of NCL's American Depositary Receipts

Dec 05, 2000

The New York Stock Exchange on Monday said it had suspended trade of Norwegian cruise operator NCL Holding ASA's American Depositary Receipts due to the purchase of the company by another cruise line.

Bintulu Port Holdings To Offer New Shares

Dec 05, 2000

Malaysia's Bintulu Port Holdings, which runs the nation's largest LNG port, plans to offer 100 million new shares to raise at least 400 million ringgit ($105.2 million) under its IPO.

Russian Defense Minister Hopes For Coordinating Rescue Efforts

Dec 05, 2000

Russia's defense minister said on Tuesday he hoped NATO and Moscow could agree on coordinating efforts to save submarine crews - but he carefully avoided pointing

Aircraft Carrier Is Unwelcome In Bosphorous Straits

Dec 05, 2000

Turkey said on Tuesday it would bar the passage of a large, decommissioned aircraft carrier through Istanbul's busy Bosphorus straits after China said it wanted

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