Thursday, August 09, 2001 Maritime News

Cargo Ship and Fishing Trawler Collision off Newfoundland Kills Three

Aug 09, 2001

A Cypriot tanker is being been detained in the eastern Canadian province of Newfoundland after a reported collision between a cargo ship and a U.S. trawler off

Merrill Lynch Slashes Rates On Trio of Oil Giants

Aug 09, 2001

Merrill Lynch on Thursday said it cut its rating on oil drilling companies Rowan Cos Inc., ENSCO International Inc. and Global Marine Inc., citing slack demand in the Gulf of Mexico drilling market.

P&O Wins 30-Year Concession for Container Terminal

Aug 09, 2001

British shipping and logistics group The Peninsular & Oriental Steam Navigation Company (P&O) said on Thursday its Ports unit had won a 30-year concession to develop

Greek Shipping Company Gets Hit With Defaulted Junk Bonds

Aug 09, 2001

A Greek-owned shipping company said on Thursday it would seek damages from holders of its defaulted junk bonds who last week "arrested" one of the company's ships

Navy: U.S. Forces Cannot Handle Growing Threat of Mine Warfare

Aug 09, 2001

U.S. naval forces are poorly equipped to counter a growing mine warfare threat and are about to lose the potentially decisive ability to plant sea minefields of their own,

COD Signs Deal With BP Trinidad

Aug 09, 2001

Chiles Offshore Inc. (COD) has executed a three-year contract with BP Trinidad and Tobago LLC for the use of the ultra-premium jackup drilling rig the Chiles Coronado,

Coflexip Stena Offshore Wins Bongo Installation Deal

Aug 09, 2001

Coflexip Stena Offshore International has been awarded through Single Buoy Moorings (SBM) a significant part of the mooring and installation package for Shell Nigeria

P&O India Port Concessions

Aug 09, 2001

The Peninsular & Oriental Steam Navigation Company (P&O) said its Ports unit had won a 30-year concession to develop a container terminal in India worth $170 million.

Skaramanga Workers Favor HDW/FS Bid

Aug 09, 2001

Greece's Skaramanga shipyard workers are in favor of a Hoawaldtswerke Deutsche Werft-Ferrostaal (HDW/FS) offer to buy out 100 percent of the shipyard for 1.5 billion drachmas ($3.

VLCC Rates Collapse

Aug 09, 2001

Rates for VLCCs collapsed by 15 percent overnight as shipowners scrambled to book voyages out of the Mideast Gulf before September 1 when OPEC cuts are expected to hit tanker demand.

 

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