Wednesday, June 20, 2001 Maritime News

U.S. Coast Guard Inspections Are Key To Cruise Industry's Livelihood

Jun 20, 2001

Clearly no ordinary passengers, the five people in blue jump suits were met dockside by a pacing ship's officer who whisked them past waiting crew and passengers

Iraqi Standoff Blamed For Low Mideast Gulf - U.S. VLCC Freight Rates

Jun 20, 2001

Freight for Very Large Crude Carriers (VLCCs) from the Mideast Gulf to the United States has fallen to below $1 per barrel for the first time in over two years.

Port of Los Angeles Container Traffic Heads Toward Record Fiscal Year

Jun 20, 2001

With just one month remaining until the end of fiscal year 2000/2001, the Port of Los Angeles has already recorded a 15.3 percent increase in container traffic over last year.

Phil Kleweno Appointed President Of Princess Cruises

Jun 20, 2001

P&O Princess Cruises plc, today announced the appointment of Phil Kleweno as President of its North American division, Princess Cruises. Los Angeles-based Princess

Kvaerner Philadelphia Shipyard Signs $240 Million Letter of Intent for Four Ships

Jun 20, 2001

Kvaerner, the Anglo-Norwegian engineering and construction Group, today announced that it has received a Letter of Intent from Keystone Shipping Company of Pennsylvania,

Current Onshore Rig Boom Could Be Halted By Next Year

Jun 20, 2001

The boom in U.S. onshore oil and natural gas drilling has yet to peak, bolstering forecasts of continued strong demand for rigs, analysts and executives said this week.

South Korea Protests Fishing Vessel Ban

Jun 20, 2001

South Korea said on Wednesday it would lodge a formal protest to Japan against its decision to ban South Korean vessels from fishing in Japanese territorial waters.

Ship Explodes at Malaysian Yard, Four Workers Killed

Jun 20, 2001

An explosion on a ship being repaired in Malaysia's southern state of Johor killed at least four shipyard workers, news reports said on Wednesday. The unidentified

Can Cammell Laird Teeside Be Saved?

Jun 20, 2001

Struggling British shipbuilder Cammell Laird Plc, which has had to axe nearly 600 jobs after entering receivership earlier this year, has accepted an offer by one

Analysts "Reduce" Recommendation on P&O

Jun 20, 2001

Dresdner Kleinwort Wasserstein said on Wednesday it was cutting its recommendation on P&O (Peninsular & Oriental Steam Navigation Company Plc) to reduce from hold

Northrop Grumman: Sales Will Top $18 Billion By 2003

Jun 20, 2001

U.S. defense contractor Northrop Grumman Corp. on Wednesday said it expected to report sales of $18 billion by 2003, driven by growth in the defense electronics and information systems business.

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