Monday, May 21, 2001 Maritime News

Air-Craft Carrier Stennis is Hollywood-Bound

May 21, 2001

The nuclear-powered aircraft carrier John C. Stennis is the star of Monday's world premiere of the $135 million epic movie, "Pearl Harbor," the story of America's

NOAA: Atlantic to Experience Mediocre Hurricane Season

May 21, 2001

U.S. government weather experts on Monday predicted an average hurricane season in the Atlantic Ocean this year, with five to seven hurricanes expected to threaten homes,

Northrop Grumman Complies With Antitrust Regarding NNS Purchase

May 21, 2001

Defense contractor Northrop Grumman Corp. on Monday said it notified the U.S. Department of Justice and the Federal Trade Commission of its intent to acquire Newport News Shipbuilding Inc.

Moody's Declares Negativity at Stena AB

May 21, 2001

Moody's Investors Service today confirmed the Ba3 rating for senior notes of Stena AB ("Stena") and changed the outlook for its ratings to negative from stable.

Atlantic Panamax Rates Ease, Pacific Reports Losses

May 21, 2001

Panamax freight rates in the Atlantic have eased with little business to report and a similar situation in the Pacific has led to losses on the Baltic Panamax Indec, brokers said on Monday.

Chiles Offshore Signs Notice of Award for Rig Under Construction

May 21, 2001

Chiles Offshore Inc. today announced that it has executed a Notice of Award for a long-term contract by an affiliate of Phillips Petroleum for its ultra-premium

Carnival To Sell Airtours Stake

May 21, 2001

Shares in Britain's largest package tour operator Airtours Plc fell by as much as eight percent on Monday after Carnival Corp said it would sell its 25 percent stake in the company.

Tanker Rates Collapse At Week End

May 21, 2001

Tanker rates collapsed towards the end of last week as owners rushed to fix cargoes and move their Very-Large-Crude-Carriers (VLCCs) away from the Mideast Gulf

Freighter Into Bremen For Repairs

May 21, 2001

The Norwegian International Register freighter Lysfoss sailed from Belfast on May 20, bound for Bremen to carry out repairs, Reuters reported. The 3,728-dwt freighter was being escorted by a tug.

OOCL Orders Three Containerships

May 21, 2001

Canada Maritime and Orient Overseas Container Line (OOCL) have contracted Daewoo Shipbuilding and Heavy Machinery to build three containerships. The orders are

Flender Werft Books Three More Contracts

May 21, 2001

Three shipbuilding contracts exceeding 400 million DM became effective last week at Lübeck, Germany based Flender Werft. The contracts include a RoRo passenger

Flender Werft Books Three More Contracts

May 21, 2001

Three shipbuilding contracts exceeding 400 million DM became effective last week at Lübeck, Germany based Flender Werft. The contracts include a RoRo passenger

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