Wednesday, March 07, 2001 Maritime News

Mediterranean Shipping Takes Another Cruise Ship

Mar 07, 2001

Mediterranean Shipping Co had exercised an option with Alstom for a second 793-cabin cruise liner to be delivered in 2004. Although Alstom declined to give the value of the contract,

Panamax Rates Slip Slightly

Mar 07, 2001

Panamax freight rate ideas for the immediate future have slipped back slightly, shipbrokers said. Overall, Panamax freight rates in the Atlantic are seen as softer,

Six Lost in Trawler Sinking

Mar 07, 2001

Rescuers on Tuesday recovered the bodies of six sailors who died when a German trawler sank in the freezing North Atlantic off the west coast of Scotland. “Everybody

Teekay Takes Control of UNS

Mar 07, 2001

International tanker group Teekay has taken control of 56 percent of shares in Norway’s Ugland Nordic Shipping. Teekay will submit an offer to acquire all remaining shares in UNS at $15.

Korean Shipbuilder See Capacity Shortage

Mar 07, 2001

An executive at South Korea’s Hyundai Heavy Industries, the world’s top-ranked shipbuilder, said on Tuesday there was a global capacity shortage in shipbuilding

Report: Sailors Treated Like Slaves

Mar 07, 2001

Tens of thousands of sailors on commercial ships are being treated like slaves and live in fear of being thrown overboard if they complain about exploitation and mistreatment,

Trico Marine Files to Sell Up to $150M in Stock

Mar 07, 2001

Trico Marine Services Inc. filed with U.S. regulators to sell on occasion up to $150 million in common and preferred stock, depositary shares, debt securities, guarantees and warrants.

Seacor Smit Gets Bigger

Mar 07, 2001

Seacor Smit Inc. and Stirling Shipping Company Ltd., a private UK company based in Glasgow, Scotland, signed a letter of intent for Seacor to acquire all of the

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