February, 2001 Maritime News

Molasses Ship Splits, Sinks

Feb 28, 2001

A ship carrying molasses from India to Amsterdam split in two and sank in high seas off Spain's northwest coast, drowning three crew members and leaving eight missing.

RINA confirms Kristal class status

Feb 28, 2001

Italian classification society RINA says the 31,351 dwt tanker Kristal, which sank about 68 miles North of La Corunna off northern Spain in heavy weather yesterday,

Moody's Rates Proposed Costa Notes

Feb 28, 2001

Moody's assigned an A2 rating to the proposed E300 million of senior notes issued by Costa Finance S.A. that are unconditionally guaranteed by Carnival Corporation.

Minoan Profits Fall 82 Percent

Feb 28, 2001

Greek ferry operator Minoan Lines said profit in 2000 fell 82 percent to 3.0 billion drachmas versus 16.8 billion in 1999. "The difference in the level of net profit

USCG Issues Upper Mississippi Safety Advisory

Feb 28, 2001

The U.S. Coast Guard has issued a safety advisory for a 24-mile stretch of the upper-Mississippi River near St. Louis due to high water conditions. From mile marker 160,

Mediterranean Shipping Co. Announces Appointments

Feb 28, 2001

Mediterranean Shipping Company (USA) Inc. (MSC) has announced the following staff promotions and appointments effective immediately: Francesco Pansardi was named Marketing Manager,

SpecTec, Wärtsilä join forces

Feb 28, 2001

SpecTec Group has signed an agreement with diesel engine company Wärtsilä whereby Wärtsilä will become a value-added distributor of SpecTec's AMOS software product range.

Hvide Marine To Be Renamed Seabulk International

Feb 28, 2001

Hvide Marine Inc. reported a net loss of $9.6 million for the fourth quarter ended December 31, 2000, on revenues of 80 million. In the year-earlier period, the company had a net loss of 197 million,

MISC Bond Issue Not Happening

Feb 27, 2001

Malaysia International Shipping Corp (MSIC) said on Tuesday it had no immediate plan to issue any bonds. Replying to a stock exchange query, the Malaysian flag

Brokers: Shell Considers Single Hull Ban Through Bosphorus

Feb 27, 2001

Shell is considering a self-imposed ban on single-hulled tankers for cargoes coming through the Bosphorus from the Black Sea. "They're considering demanding double-hulls

Port Plans $105M Investment

Feb 27, 2001

Malaysia's Port of Tanjung Pelepas (PTP) intends to buy more than 400 million ringgit ($105 million) of equipment to handle an expected rise in container shipments.

Guangzhou Shipyard To Post Losses

Feb 27, 2001

China's Guangzhou Shipyard International Co. Ltd. expects to post significant losses for last year due to a provision for asset depreciation. The firm "wishes to

Celebrity Cruises Welcomes New Infinity

Feb 26, 2001

Celebrity Cruises has accepted delivery of Infinity, the newest addition to the premium cruise line's award-winning fleet. The 1,950-guest Infinity arrived in Fort Lauderdale,

Mitsui OSK Lines To Log $145M Special Loss

Feb 26, 2001

Japanese shipping company Mitsui O.S.K. Lines Ltd. will post a total 16.8 billion yen ($145 million) in special losses for the year to March, adding it would not revise its earnings forecasts.

Malta Drydocks To Get Safety Audit

Feb 26, 2001

Officials of the British Safety Council are due to carry out a safety audit of Malta Drydocks in March, Reuters reported. The council had carried out an audit of

MISC Issues Bonds To Buy Ships

Feb 26, 2001

Malaysian International Shipping Corp (MISC), the country's flag carrier, is planning to issue yankee bonds worth up to $500 million in the next few weeks. The yankee bond offering,

Frontline Predicts Strong 2001

Feb 26, 2001

Norway's Frontline, the world's biggest tanker company, reported record net profits for 2000 compared to a 1999 loss and forecast higher earnings for 2001. Net 2000 profits leapt to $313.

Ferry Collision Kills One

Feb 26, 2001

A ferry collided with a recreational boat on Monday in heavy fog off southwest Florida, killing one person and injuring two others aboard the smaller vessel, the U.

Fog Closes Ship Channel

Feb 26, 2001

Fog closed the Houston Ship Channel on Monday morning, the Houston Pilots association said. Pilots stopped boarding ships at 8 a.m. CST (9 a.m. EST/ 1400 GMT), bringing traffic to a halt,

OPEC Postpones Meeting

Feb 26, 2001

The Organization of Petroleum Exporting Countries (OPEC) has postponed a top-level seminar on oil markets, originally scheduled for March, until later in the year.

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