Royal Caribbean To Offer 10 Million New Shares

Friday, September 03, 1999
Royal Caribbean Cruises Ltd. (RCCL) reportedly plans to market a proposed public offering of 10 million new shares of common stock. RCCL officials said the company will use the net proceeds of the offering for general corporate purposes, including capital expenditure. The offering will be made to investors in Europe and the United States.
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Offshore

7 Rescued from Sinking Freighter Near Haiti

Seven crewmembers were rescued after their 100-foot coastal freighter began taking on water and sank approximately 45 miles north off of Cap Haitien, Haiti, Friday.

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

China Building Island Big Enough for Airstrip

Satellite images show China is building an island on a reef in the disputed Spratly Islands large enough to accommodate what could be its first offshore airstrip in the South China Sea,

 
 
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