Mammoet Sale Completed

Thursday, July 13, 2000

Dutch shipping group Koninklijke Nedlloyd NV finalized the sale of its heavy transport arm Mammoet Groep to unlisted Dutch sector peer Van Seumeren Holland BV. Italy's Decafin SpA has also handed over its 33 percent stake in Mammoet to Van Seumeren, Nedlloyd said. As announced in May, the deal involves a total sum of $104.5 million, of which Nedlloyd will receive about $80 million euros.

Coast Guard Cadets Navigate 'Eagle' by Sextant

Escort Tugs in San Francisco Bay

Subsea 7 Wins GofM Pemex Contract

Tidewater to Acquire Troms Offshore Supply

Irving Engages Suppliers on AOPS Opportunities

Finance

Intelsat Jackson Receives Requisite Consents to Amend Certain Notes

Satellite service provider Intelsat S.A. announced that its subsidiary, Intelsat Jackson Holdings S.A., received the requisite consents to amend certain terms of the indenture governing its 8.

Maersk Drilling Fast Out of the Blocks in 2013

Interim financial results for Q1 2013 show a strong start to 2013 by Maersk Drilling. With an increase in profit to USD 146 million in the first quarter of 2013

China Development Bank Grants Paragon Credit Facility

Greece's Paragon Shipping Inc. obtains a $69-million credit facility with China Development Bank to partially finance its two 4,800 TEU containerships currently under construction.

Environmental

NOAA Report Examines Shipwreck Oil Pollution Threat

NOAA presented to the U.S. Coast Guard today a new report that finds that 36 sunken vessels scattered across the U.S. seafloor could pose an oil pollution threat

Nominees Announced For Three Nor-Shipping Awards

Nor-Shipping announced the nominees for the 2013 Nor-Shipping Awards which recognize achievements in three different areas – energy efficiency, innovative ship design and young entrepreneurship.

Arctic Council Sign Oil Spill Agreement

At their recent meeting the circumpolar states of the Arctic Council have agreed to tackle oil spill disasters as a team. The Agreement on Cooperation on Marine