Wednesday, April 18, 2001 Maritime News

Pegasus Ceases Definitive Agreement With Friede Goldman Halter

Apr 18, 2001

Friede Goldman Halter, Inc. reported today that it has been advised by Pegasus Partners II, L.P. (``Pegasus'') that Pegasus no longer intends to pursue a Definitive

Far East Holidays Cripple Shipbrokers' Forecasts

Apr 18, 2001

The panamax market is clouded by the prospect of Far Eastern holidays in less than two weeks, shipbrokers said on Wednesday. Brokers are unwilling to give forecasts

General Dynamics Posts 15 Percent Jump in 1Q Profits

Apr 18, 2001

General Dynamics Corp., builder of nuclear submarines, tanks and destroyers, on Wednesday posted a 15 percent jump in first-quarter profits driven by strength in

SembCorp Lands Dual Rig Contract

Apr 18, 2001

SembCorp Marine Ltd, a subsidiary of SembCorp Industries Ltd said on Wednesday it had secured two rig contracts from Santa Fe International Corporation worth about $570 million.

Daewoo's Financials Come Full Circle

Apr 18, 2001

A flood of LNG carrier orders and dollar-denominated payments skewed towards delivery have helped South Korea's Daewoo shipyard, (now known as the world's second

Crowley Launches Refurbishment of 25 Seagoing Tugs

Apr 18, 2001

Crowley Liner Services has launched a major refurbishment of 25 seagoing tugs to extend their lives at least another 15 years. These U.S.-flagged, Invader-Class vessels,

Proposed Regulations Regarding Source From Activities in Intl. Waters

Apr 18, 2001

The Internal Revenue Service (the "IRS") has issued proposed regulations under section 863 of the Internal Revenue Code of 1986, as amended (the "Code"), providing

The New Knowledge Brokers?

Apr 18, 2001

Increasing commercial pressures and structural changes in the maritime industries call for new approaches to better ensure vessel and equipment quality and improved safety,

Finland: Cradle of Marine High-Tech

Apr 18, 2001

The Finnish maritime market continues to serve the high-tech, high-value end of the marine business with a plethora of engineered solutions and continually evolving marine technology.

Technology, Image Top Inland Agenda

Apr 18, 2001

The North American inland marine market is neither technologically archaic nor as environmentally hazardous as many individuals outside of the marine market may think.

Wärtsilä: Smokeless by Common Rail

Apr 18, 2001

There are two main ingredients to common rail fuel injection, one being the freedom to choose injection pressure and timing totally independently of the engine load.

Propulsion Report

Apr 18, 2001

Stena Discovery Performance Improved With Enhanced Steering System On February 14, the world's largest high-speed ferry catamaran Stena Discovery took off from Belfast,

Dockwise Performs Timely Delivery of Shell's Brutus

Apr 18, 2001

On January 28, the motor vessel Mighty Servant 3 of heavy transport shipping specialist Dockwise, safely arrived at Corpus, Christi, Texas (after a seven-week voyage) carrying Shell's 14,

Clamp Supplier Dives into Project

Apr 18, 2001

Bluefin Robotics Corp. called on Clampco — a manufacturer of stainless steel T-bolt band clamps and V-band couplings — when it needed help "testing the waters."

GLM Poised for A Strong 2001

Apr 18, 2001

Global Marine (GLM) is a holding company that provides offshore contract drilling services on a dayrate basis and offshore drilling management services on a dayrate or fixed-price basis.

Seacor Continues Rational Fleet Expansion

Apr 18, 2001

Seacor — through an unprecedented string of strategic and financially sound acquisitions — has emerged as one of the world's premier operators of a fleet of vessels

A Leg Up on the Competition

Apr 18, 2001

To Tim Domke, the new M/V Dixie Legacy is much more than simply the largest, most advanced lift boat in the world. To Domke, the Dixie Legacy is personal, the

The FPU Market Is Primed To Produce

Apr 18, 2001

According to a study just completed by IMA, 121 floating production systems are in operation or available. This is an increase of approximately 90 percent over

Cruise Lines Equip Fleets With Emergency Smoke Hoods

Apr 18, 2001

Prevention and control of fire aboard ships present a number of unique problems. Special attention must be paid to fire safety, and in particular to evacuation

Radiance of the Seas -- A First Class Delivery

Apr 18, 2001

Radiance of the Seas, the first of the Radiance-class of ships, was delivered to Royal Caribbean Cruise Lines (RCCL) on March 9. The 962 ft. (293.2 m), 90,090-ton

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