Tuesday, July 03, 2001 Maritime News

U.S. Navy Commissions USS Iwo Jima

Jul 03, 2001

The USS IWO JIMA (LHD 7), the U.S. Navy's and Marine Corps' newest large-deck amphibious assault ship, left the Pensacola Naval Air Station for her homeport in Norfolk, Va.

USACE Reform Proposed

Jul 03, 2001

Reformers in the House of Representatives introduced legislation on Wednesday to curb misconduct and wasteful spending at the U.S. Army Corps of Engineers (USACE),

Tankers Prepare To Load Iraqi Crude

Jul 03, 2001

Crude oil traders were getting into position to lift Iraqi crude as Baghdad's one-month stand-off with the United Nations plays out, with nine supertankers waiting

Frontline Purchases Its Own Shares

Jul 03, 2001

Frontline has through market purchases executed July 2, 2001 bought back 125,000 of the company's common shares, at a price of NOK 164.09. Total number of outstanding shares after this is 76,787,566.

CMB Downgraded By ING Barings

Jul 03, 2001

ING Barings downgraded Belgian shipping company CMB to "hold" from "buy" because of the poor short-term outlook for the sector. ING said it had also cut its price target for CMB to 85 euros ($72.

Austal Signs U.S. Military Deal

Jul 03, 2001

Austal Ltds has signed its first United States military charter deal which it hopes could prove a catalyst for major defense contracts. Austal shares climbed 20 cents to close at A$1.

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