Thursday, March 25, 2004 Maritime News

Stolt-Nielsen S.A. Announces Bond Issue

Mar 25, 2004

Stolt-Nielsen S.A. announced plans to issue new senior five-year unsecured bonds with a term from April 15, 2004 to April 15, 2009. The senior five-year bonds will have a fixed yearly coupon of 8.

Iridium Debuts Global Sat Fax, Enhanced Messaging

Mar 25, 2004

Iridium Satellite LLC announced the launch of a new satellite fax service that will permit subscribers to send and receive faxes from any location in the world

TT Club's Reports Strong 2003

Mar 25, 2004

The TT Club, a provider of insurance and risk management services to the international transport and logistics industry, has reported another successful year for its financial year 2003.

HOS Innovator Accumulates Good Safety Record

Mar 25, 2004

Sonsub announced that, as of February 10, Sonsub’s HOS Innovator and Innovator 09 ROV Crews have accumulated an impressive 250,000 man-hours and over 1,000 days without a lost time incident (LTI).

CP Ships Closes on $525M Credit Facility

Mar 25, 2004

CP Ships Limited has closed on a five-year $525 million secured multicurrency revolving credit facility. The new facility, which is secured on 25 owned ships,

Crew Medical Initiative Debuted in Ukraine

Mar 25, 2004

The American Club is the first P&I insurer to set up a program for pre-employment medical examinations (PEME) in the Ukraine. Claims resulting from pre-existing

Ship Sewage Regs Set for Adoption

Mar 25, 2004

Revised regulations for the prevention of pollution of the oceans by sewage are expected to be adopted by the Marine Environment Protection Committee (MEPC) when

Hearing on Law of the Sea Convention

Mar 25, 2004

The Senate Committee on Environment & Public Works conducted an oversight hearing to examine the United Nations Convention on the Law of the Sea. The Chairman, Senator James M.

The State of Maritime Security

Mar 25, 2004

The Senate Committee on Commerce, Science & Transportation conducted an oversight hearing on The State of Maritime Security. The Chairman, Senator John McCain

Satellite Use Comment Period Extended

Mar 25, 2004

The Federal Communications Commission (FCC) has extended until March 24, 2004, the comment period on its proposal regarding terrestrial fixed service and fixed

Hvide New President of NSA

Mar 25, 2004

The annual General Assembly of The Norwegian Shipowners’ Association has today elected shipowner Johan G. Hvide, Seatrans DA in Bergen, as President for a two years period.

$21.5 Sub Sensor Contract Awarded

Mar 25, 2004

Northrop Grumman Corporation won a $21.5 million subcontract by Lockheed Martin to manufacture key elements of the Lightweight Wide Aperture Array (LWWAA) fiber-optic

Austal USA Launches 192-ft. Ferry

Mar 25, 2004

On March 20, Austal USA launched its seventh and largest vessel to date. Lake Express, a 192 ft. high-speed vehicle-passenger ferry rolled out of Austal’s purpose-built

HUAL Takes 2 More Newbuilds

Mar 25, 2004

HUAL has entered into long-term time charter arrangements for two large car-carrier newbuildings. The vessels will be built at the Uljanik Shipyard in Croatia and will be delivered 1st half 2007.

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