P&O Expands Fleet of Cruise Ships

Tuesday, June 22, 1999
Peninsular & Oriental Steam Navigation Co., the world's third largest cruise company, reportedly ordered five more ships at a cost of $2 billion to meet the surge in popularity for sea cruises.
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Contracts

Teekay Renews Hull and Propeller Monitoring for LNG Carriers

Canada-based shipping company Teekay Corporation has renewed its contract with Propulsion Dynamics for its hull and propeller performance monitoring system CASPER Service.

NAO Announces Financials, Declares Dividend

Nordic American Offshore Ltd. has declared a dividend of $0.45 per share for 3Q2014, as previously announced. This is the same dividend as for the previous two quarters.

Vale Financials Disappoint; Iron Ore Prices, Currency Cited

Brazil's Vale posted a surprise loss of $1.44 billion on Thursday, hurt by a fall in the price of iron ore, higher production costs and a weakening Brazilian currency.

Environmental

Study Shows Oceans Arrived Early to Earth

Earth is known as the Blue Planet because of its oceans, which cover more than 70 percent of the planet's surface and are home to the world's greatest diversity of life.

Two Great Lakes Toxic Hotspots Restored

EPA announces removal of two toxic hotspots on Lake Superior and Lake Michigan from binational list The U.S. Environmental Protection Agency today announced that two U.

CMA CGM to Retrofit 10 More Bulbous Bows

The CMA CGM Group said it will retrofit 10 of its vessels’ bulbous bows to achieve improved energy efficiency for slow steaming. The modifications are in addition

 
 
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