Thursday, January 25, 2001 Maritime News

Moody's Downgrades Cammell Laird

Jan 25, 2001

Moody's downgraded to Caa2 from B2 the rating for the Euro 125 million senior notes of Cammell Laird Holdings plc following the announcement of its key customer

Offshore Rig Gas Leak Kills Two

Jan 25, 2001

Two Brazilian maintenance workers died as a result of a toxic gas leak at an offshore oil rig operated by the state oil firm Petrobras. "The workers died when doing

Captain Takes Blame For Galapagos Grounding

Jan 25, 2001

The Ecuadorean captain whose tanker ran aground on the Galapagos islands took the blame on Thursday for an oil spill threatening the pristine ecosystem of British

Panama Canal Partially Blocked By Spill

Jan 25, 2001

The Panama Canal was partially blocked after a Greek-flagged tanker spilled about 162 gallons of crude oil during a southbound transit of one of the waterway's three sets of locks,

Litton Names Graham VP

Jan 25, 2001

Litton Industries promoted Dr. Clark "Corky" Graham to the newly established position of vice president, resource utilization and productivity improvement of Litton Ship Systems (LSS),

RCL Profits Rise, Shares Fall

Jan 25, 2001

Royal Caribbean Cruises Ltd (RCCL), the world's number two cruise group, said on Thursday that profits rose 16 percent to a record in 2000 but predicted stiff competition in 2001.

Exxon Snags Single Hull Tanker Charters

Jan 25, 2001

Five months after entering the tanker market to hedge its freight risk, U.S. oil giant Exxon Mobil has finally clinched two single-hulled VLCCs for five years time

Coverage of Exel Started

Jan 25, 2001

Lehman Brothers initiated coverage of British logistics group Exel Plc with a "market perform" recommendation and a target price of 1,090 pence. "While Exel remains

Crude Flows Again At Ceyhan

Jan 25, 2001

Iraqi crude oil exports were flowing again at the Turkish port of Ceyhan, where the second vessel this year was finishing lifting and three new cargoes were expected to turn up soon,

IHC Caland Cut

Jan 25, 2001

Dutch broker Amstgeld cut is recommendation for Dutch shipbuilding and engineering group IHC Caland to "Underperformer" from "Neutral". Amstgeld said it expected

Exmar, Mitsui OSK Team To Buy LNG Tankers

Jan 25, 2001

Exmar Group has set up a joint venture with Japan's Mitsui OSK Lines to buy two tankers to transport liquified natural gas (LNG). "It's basically 50/50," Exmar Director Rodney Hyne Jones, said.

Pirates Thwarted In Tanker Takeover Attempt

Jan 25, 2001

Police in Papua New Guinea fought off an attack by armed pirates who tried to hijack a Shell oil tanker as it was berthing at an island off the mainland. Shell

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