EU Investigation into Aker Warnow Werft Continues

Friday, January 09, 2004
A European Union investigation over the possible repayment of subsidies by German shipyard Aker Warnow Werft – formerly Kvaerner Warnow Werft – looks set to drag on. A spokesman for European Competition Commissioner Mario Monti dismissed a news report to the contrary, adding that there was no schedule for a decision yet. The case has been pending for several years.
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Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

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Cruise Ship Trends

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