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Jun 06, 2001
The BP-led Azerbaijan International Operating Company (AIOC) said on Wednesday it expected the Azeri government to give a green light in August for the next phase
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Jun 06, 2001
Struggling shipbuilder Cammell Laird Plc is to cut a further 93 jobs in Britain on the back of over 500 redundancies announced earlier in the year after the group entered into receivership.
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Jun 06, 2001
Crude oil tanker owner and operator American Eagle Tankers Inc. Ltd. has filed for an initial public offering that could raise up to $132 million for the unit of Singapore's Neptune Orient Lines Ltd.
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Jun 06, 2001
Iceland's largest shipping company Eimskip warned on Wednesday that rising costs and ballooning foreign exchange losses would have a "very negative effect" on its first-half results.
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Jun 06, 2001
Newport News Shipbuilding Inc. said Wednesday its board voted to back the $2.1 billion takeover offer from defense contractor General Dynamics Corp. over a rival bid from Northrop Grumman Corp.
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Jun 06, 2001
An oil tanker that ran aground in a remote southern Chilean fjord in late May spilled 92,600 gallons (350,528 liters) of crude, leaving an oil slick 70 miles (112
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Jun 06, 2001
Celebrity Cruises is canceling two cruises on Infinity to replace a ball-bearing unit in the ship's starboard propulsion system. The ship must enter drydock to replace the bearing,
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Jun 06, 2001
Wärtsilä's unit in Vaasa, Finland, has been hit by a case of serious industrial espionage, a regional paper Pohjalainen reported. "The police are investigating the case,
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Jun 06, 2001
Frontline Ltd.'s board has finally approved to participate with a 33% interest in a consortium, which will be established to buy 4 VLCCs from Bergesen for a total price of $321 million.
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Jun 06, 2001
Arrangements are being made to take the Maltese-flagged bulker Olympus, now off Brazil, under tow, Reuters reported. The 34,995 dwt bulker was involved in a collision
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Jun 06, 2001
A fire in the engine room of a Greek ferry carrying 531 passengers and 111 crew from Venice to the Greek port of Patras left the vessel out of control near the Italian coast,
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Jun 06, 2001
Newport News Shipbuilding Inc.'s board voted to back the $2.1 billion takeover offer from fellow defense contractor General Dynamics Corp. over a rival offer from Northrop Grumman Corp.
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Jun 06, 2001
The BP-led Azerbaijan International Operating Company (AIOC) expects the Azeri government to give a green light in August for the next phase of its Caspian oil production project.
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Jun 06, 2001
The U.S. Navy awarded Ingalls Shipbuilding, a Northrop Grumman company, a $154.9 million contract to begin advance procurement of materials for the construction
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Jun 06, 2001
Implementation of nine of the ten sweeping safety initiatives announced by ABS, DNV and Lloyd's Register on March 15, 2001 will take place on July 1 as scheduled,
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