May, 2001 Maritime News

Northrop Grumman Completes Merger with Litton Industries Inc.

May 31, 2001

Northrop Grumman Corporation announced today that it has completed the acquisition of all shares of Litton Industries Inc. common stock not previously purchased

A.P. Moeller's Salvage Unit Acquires Dutch Wijsmuller Group

May 31, 2001

Danish oil and shipping group A.P. Moeller's Svitzer tug and salvage unit said on Thursday it bought privately-owned Dutch Wijsmuller Group Holding for an undisclosed sum.

Dockers Union Orders Strike After Violence Erupts at Nigerian Port

May 31, 2001

A Nigerian dockers' union said on Thursday it had ordered a strike at Lagos' Apapa port after three men died, bringing the port to a standstill when it is struggling

Rolls-Royce Order Book Logs in at $21.3 Billion

May 31, 2001

British aircraft engine maker Rolls-Royce Plc said on Thursday its order book had risen to a record 15 billion pounds ($21.3 billion) as the group added to its

Exmar, Golar Mull Possible LNG Merger

May 31, 2001

Exmar, the tanker division of Belgian shipping company CMB is reportedly in talks with Norway's Golar LNG to merge their liquified natural gas activities. It

A.P. Moller Looks To Resume North Sea Oil Production

May 31, 2001

Danish oil and shipping conglomerate A.P. Moeller hopes to resume some of its 120,000 bpd North Sea oil production, which was halted 11 days ago due to a gas explosion,

Strategic Challenges LevelSeas for Top Spot In E-Brokering Arena

May 31, 2001

A new and formidable player emerged in shipping's e-broking sector this week to challenge the previously undisputed market leader LevelSeas, which is still more

Acquisition Expands Rolls-Royce's Marine Capability

May 30, 2001

Rolls-Royce plc, has further expanded its capabilities with the acquisition of German company INTERING GmbH for an undisclosed sum. Rolls-Royce is now the only company able to offer tank stabilizers,

Manpower Software Lands Myriad of Cruise Contracts

May 30, 2001

Manpower Software plc (MSW) today announces the award of two contracts for the sale of its Maritime Crew Administration product to Royal Caribbean Cruises Limited (RCCL) and Sun Cruises Limited (SCL),

North Sea Tanker Markets are Lowest in One Year

May 30, 2001

North Sea tanker markets have tumbled further in the last few days to levels not seen in over a year, brokers said on Wednesday. "The Aframaxes (80,000 tons) are definitely in trouble,

Transatlantic Panamax Rates Hit Six-Week Lows

May 30, 2001

Panamaxes for transatlantic round voyages fell to six-week lows on Wednesday as trade was limited by a series of European holidays in the month of May, brokers said.

Flag of Convenience Embraces UAE's Decision To Crack Down on Corruption

May 30, 2001

A leading maritime Flag of Convenience (FOC) has welcomed the United Arab Emirates' (UAE) decision to clamp down on the industry and has called for more regular

GD Takeover of NNS Could Curb Competition Within U.S. Warship Construction

May 30, 2001

General Dynamics Corp.'s contested $2.1 billion plan to take over Newport News Shipbuilding Inc. could stifle competition in U.S. warship building, a congressional analysis released Tuesday showed.

Kvaerner Lands $67.7 Million Containership Contract

May 30, 2001

Anglo-Norwegian engineering group Kvaerner said on Wednesday it had won a contract valued at 627 million crowns ($67.7 million) from Hamburg-based Oskar Wehr GmbH to build two containerships.

Oceaneering and DNV Form Joint Venture

May 30, 2001

Oceaneering International, Inc. announced that its Norwegian subsidiary, Oceaneering AS, has entered into a joint venture agreement with Det Norske Veritas (DNV)

Rigs Back on After New Unexplained Brazil Oil Spill

May 29, 2001

Petrobras put 12 offshore oil rigs back into operation on May 26 following a stoppage on two days earlier that was due to a second unexplained oil spill in a week, officials said.

Update: Norwegian Line Unable to Remedy Leaky Sprinklers on the Norway

May 29, 2001

Norwegian Cruise Line canceled the weekly sailing of its ship Norway on Tuesday because of leaks in the fire sprinkler system, thwarting Caribbean vacation plans for more than 2,

Analysts Speculate Possible Carnival / Hapag-Lloyd Deal

May 29, 2001

Carnival Corp said on Tuesday its growing cash holdings were spurring market speculation that the world's largest cruise group was on the acquisitions trail. A

Friede Goldman Halter Announces Contract and Options Worth Up to $78 M

May 29, 2001

Halter Marine, Inc., the vessels segment of Friede Goldman Halter, Inc., has been awarded a contract from the U.S. Army Tank and Automotive Command (TACOM) for

Osprey Maritime To Sell LNG Operations For $635 Million

May 29, 2001

Singapore's Osprey Maritime said on Monday it agreed to sell its liquefied natural gas (LNG) operations to new subsidiary Golar LNG for US$635 million as part of a restructuring exercise.


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