Tuesday, April 03, 2001 Maritime News

Northrop Grumman Takes Litton for $3.8 Billion

Apr 03, 2001

Northrop Grumman Corp., the number five U.S. defense contractor, said on Tuesday that it has completed its $3.8 billion purchase of warship and defense electronics maker Litton Industries Inc.

Philippine Island Ferry Carrying Students Capsizes

Apr 03, 2001

Two people died and six were missing after a Philippine island ferry carrying students to a summer camp capsized in turbulent waters near central Romblon Island, the coastguard said on Tuesday.

Could it Be Curtains for Globalstar?

Apr 03, 2001

Mobile satellite telephone company Globalstar L.P. said on Monday it recorded a net loss of $3.8 billion in 2000 and it could seek bankruptcy protection if it cannot execute a restructuring plan.

U.S. Fishing Vessel Disappears Beneath the Bering Sea

Apr 03, 2001

Two crewmen were dead and 13 missing Monday after a U.S. fishing vessel vanished in the icy Bering Sea in what could be Alaska's worst fishing disaster, the U.S.

Foot-and-Mouth Fears Force British Ship Out of Canadian Port

Apr 03, 2001

A British ship was directed home from the Canadian port of Quebec City on Tuesday with its cargo only partially unloaded due to fears of foot-and-mouth disease, port authorities said.

Caribbean Upcoast Trade Experiences Downturn

Apr 03, 2001

Shipping's most volatile market, the Caribbean upcoast trade, has plummeted in the last few days to levels not seen since last November and freight costs are now

Explosion Rocks Brazil's Port of Santos

Apr 03, 2001

A bomb exploded on Tuesday at the main power station of Brazil's top port of Santos but the port suffered no interruption in power, said the port authority Codesp.

Japanese Shipbuilding Giants Cut Their Losses

Apr 03, 2001

Japan's Kawasaki Heavy Industries Ltd. and Ishikawajima-Harima Heavy Industries Co. Ltd (IHI) said on Tuesday they would integrate their loss-making shipbuilding divisions in October 2002.

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