Tuesday, April 17, 2001 Maritime News

Petrobras To Extend Probes Into Recent Rig Sinking

Apr 17, 2001

Brazil's state oil giant Petrobras said on Tuesday it would extend the investigation of last month's sinking of its biggest offshore oil rig beyond this Friday's deadline.

Holiday Turns To Horror on Indonesian Passenger Vessel

Apr 17, 2001

An overcrowded boat carrying 54 passengers, mostly children and old people celebrating Easter, capsized off Indonesia killing at least 21, officials said on Tuesday.

Third Time's the Charm for Global Marine

Apr 17, 2001

Offshore oil drilling contractor Global Marine Inc. said on Tuesday its first-quarter earnings tripled, in line with expectations, as demand for contract drilling

Diamond Offshore's Profits Are Strong

Apr 17, 2001

Diamond Offshore Drilling Inc., a Houston-based marine oil and gas drilling contractor, on Tuesday reported a 24.7 percent rise in net profits, boosted by strength in all the company's business.

Warburg Slashes Earnings of Top Cruise Players

Apr 17, 2001

UBS Warburg on Tuesday cut its earnings estimates for the cruise operators it covers, including Royal Caribbean and Carnival Corp. A UBS analyst cut the full-year

USCG Shuts Section of Upper Mississippi River

Apr 17, 2001

The U.S. Coast Guard closed a 403-mile section of the upper Mississippi River on Monday from Muscatine, Iowa, northward to Minneapolis due to high water and fast moving currents.

Child Slave Ship Arrives in Benin

Apr 17, 2001

Police, aid workers and government officials gathered in Benin's port of Cotonou on Tuesday to await a ship suspected to be carrying scores of child slaves. The

Malaysia Mulls Second Shipping Line

Apr 17, 2001

Malaysia reportedly may set up a second national shipping line to help reduce freight charges between the peninsula and the states of Sabah and Sarawak on Borneo island,

The Pressure Mounts At Cammell Laird Shipyard

Apr 17, 2001

Standard & Poor's today lowered its long-term corporate credit and senior unsecured debt ratings on Cammell Laird Holdings PLC (Cammell Laird) to 'D' from double-'C' and single-'C', respectively.

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