Wednesday, March 21, 2001 Maritime News

Mir Causes Anxiety In South Pacific

Mar 21, 2001

From Conny Martin's standpoint, the vast empty expanse of the Pacific Ocean where flaming chunks of Russia's Mir space station may find their watery grave does not feel empty at all.

ADSB Lobbies For $500M Patrol Boat Contract

Mar 21, 2001

Abu Dhabi Ship Building Company hopes to start negotiations with the UAE navy on the sale of up to 12 missile patrol boats worth more than $500 million. William Saltzer,

Tanker Rates Fall

Mar 21, 2001

Million-barrel tanker trades have been unable to weather a wave of fresh competition from VLCCs in the Atlantic, and rates have started to plummet, brokers said on Wednesday.

NNS Awards $446M Contracts

Mar 21, 2001

Newport News Shipbuilding said that it awarded Lockheed Martin Integrated Systems Inc., a subsidiary of Lockheed Martin Corp., a $446 million subcontract for the warfare system for the CVN 77, the U.

Panamax Rates Weaken

Mar 21, 2001

Panamax freight rates have eased this week, in line with dwindling grain orders, brokers said on Tuesday. Rates dropped under the standard $12,000 a day and shipbrokers

Old Dominion Places Order With Gladding-Hearn

Mar 21, 2001

Old Dominion University's Educational Foundation in Norfolk, Va. has ordered a new research vessel from Gladding-Hearn Shipbuilding of Somerset. Mass. The new vessel,

Moody's Downgrades Cammell Laird

Mar 21, 2001

Moody's Investors Service downgraded to Ca from Caa2 the rating for the Euro 125 million senior notes of Cammell Laird Holdings plc (CLH) following the company's

Bollinger To Construct Pair of Vessels For Seacor Marine

Mar 21, 2001

Bollinger Shipyards has been granted a contract to build two 145.5 ft. (44.3 m) supply/utility vessels for Seacor Marine of Houston, Texas. Construction will commence at Bollinger's Lockport, La.

Carnival Corp. Reports First Quarter Earnings

Mar 21, 2001

Carnival Corp. reported net income of $128 million ($0.22 diluted EPS) on revenues of $1 billion for its first quarter ended February 28, 2001, compared to net income of $171.

Radiance Of The Seas Arrives In Miami

Mar 21, 2001

Radiance of the Seas arrived today at the port of Miami-Dade. Known as the first n the Radiance-class series, the 2,100-guest ship boasts more glass than any other Royal Caribbean ship,

CXIPY Revenue Hits $999M

Mar 21, 2001

Coflexip Stena Offshore today reported net income of EUR17.1 million, or $0.85 per share ($0.42 per ADS), for the fourth quarter of 2000 and net income of EUR88.

W&D Signs Contract with Wilmington Tug

Mar 21, 2001

Washburn & Doughty Associates, Inc. of East Boothbay, Maine signed a contract to build a 4,200 hp Z-Drive Tug for Wilmington Tug of Wilmington, Delaware. Designed by Robert Allan Ltd.

Big Four Maintaining Their Share

Mar 21, 2001

In the cruise industry, it is widely acknowledged that four main shipyards are competing for the majority of all new cruise ship orders. In its latest publication,

Low Sales Activity of Significant Ferries in 2000

Mar 21, 2001

Within the ferry industry, 50 secondhand vessels were sold in 2000, representing a total value of $317 million. The information, provided in a market report by

ICS Speaks Out On Foot And Mouth

Mar 21, 2001

The Institute of Chartered Shipbrokers (ICS) has spoken out on behalf of the shipping industry in response to the U.K. government's latest action in the fight against foot and mouth disease.

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