Tuesday, April 24, 2001 Maritime News

Kvaerner Profits Beat Estimates

Apr 24, 2001

Kvaerner beat market expectations with a jump in first-quarter profits, and the company reiterated opposition to a tie-up with Norwegian oil industry services rival Aker.

Greek Strike Promises Chaos

Apr 24, 2001

Greek transport unions promised chaos for travelers during Thursday's 24-hour general strike, with public transport in Athens forecast to grind to a halt and Olympic

Panamax Rates Hold Strong

Apr 24, 2001

Freight rates for Panamaxes trading the Atlantic are holding strong but the Pacific market is now starting to weaken, shipbrokers said. "Prospects for May in the

Morris Challenges Owners To Fight Slave Ships

Apr 24, 2001

A former Australian transport minister challenged oil tanker owners, who were meeting in Sydney on Tuesday, to join him in the fight against "slave-ships", which

French Container Vessel Refloated

Apr 24, 2001

The CMA CGM Normandie, a French container vessel, has been refloated after hitting a reef in international waters in the Singapore Straits, Reuters reported. The

Pacific Carriers Is Propositioned by Hovert Investments

Apr 24, 2001

Hovert Investments Pte Ltd, a unit of Kuok (Singapore) Ltd, has made an unconditional offer for the shares of shipping company Pacific Carriers Ltd. Hovert accumulated a controlling stake of 56.

S&P Trims Stena's Credit Rating

Apr 24, 2001

Standard & Poor's lowered its long-term corporate credit rating on Sweden-based Stena AB to double-'B' from double-'B'-plus. The senior unsecured rating on Stena was also lowered,

Reagan Repowers 204-ft. Vehicle Ferry

Apr 24, 2001

With the repowering of the 204-ft. (73.1 m) double ended vehicle ferry, Cameron No. 2, Reagan Equipment Company's marine division has added ferries to its list

New Bunkering Firm Formed

Apr 24, 2001

A new Bunker Trading Company was established in Singapore in early April. The company is called United Bunkering & Trading (Asia) Pte. Ltd., and is backed by a major European investor.

Ro-Clean Desmi Sets Record For Worlds Largest Oil Containment Boom

Apr 24, 2001

Ro-Clean Desmi A/S of Denmark has been officially awarded the Guinness World Record for developing the largest offshore oil containment boom in the world. Known

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