Monday, May 14, 2001 Maritime News

Crowley Completes Tow of the Ex-USS Iowa

May 14, 2001

Crowley Marine Services completed its third tow of an historic U.S. Naval battleship April 21, when the company's tug Sea Victory finished the 6,500-mile tow of the USS Iowa from Newport, R.

Oil Prices Slip As Demand Drops

May 14, 2001

NYMEX crude oil futures slipped early Friday (May 11) as a report by the West's energy watchdog that world crude demand had been slower than expected so far this

Shipping Firm To Offer Funeral Services

May 14, 2001

Japan's largest shipping company, Nippon Yusen KK, plans to offer a new funeral ash-scattering service in a bid to capitalize on demand fueled by the high cost of cemeteries in Japan.

Shell Orders Two LNG Tankers

May 14, 2001

The gas and power division of Royal Dutch/Shell ordered two additional liquefied natural gas (LNG) carriers to support its growing global LNG business. Shell International

Frontline Sells Suezmax Tanker

May 14, 2001

Frontline has entered into an agreement to sell one of its 2000-built Suezmax tankers, Front Archer. Front Archer was designed and built with future employment

Chris Brown to join Miller's

May 14, 2001

Christopher Brown, formerly Claims Director for Gard, will bring his experience to the UK P&I Club when he joins managers Thomas Miller on August 1. Mr. Brown, 40,

Schat-Harding acquires William Mills

May 14, 2001

Schat-Harding has acquired specialist lifeboat hook manufacturer William Mills (Marine) Ltd. William Mills makes the Titan, Spartan and Atlas ranges of high quality

Northrop Grumman Outlook Downgraded

May 14, 2001

Goldman Sachs lowered its rating on U.S. military contractor Northrop Grumman Corp. to market perform from outperform. In a report, analyst Howard Rubel said the

EU Force Has Serious Ship Shortage

May 14, 2001

The European Union's 60,000 strong rapid reaction force due to be operational from 2003 lacks ships and aircraft and may not be ready to carry out its designated tasks until 2010, Reuters reported.

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