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Freight Rate Hikes Benefit South Korean Shipping Firms
South Korea’s major shipping companies benefited in 1999 from freight rate hikes and lower foreign debt service costs resulting from the won’s surge against the dollar, analysts said.
Surplus Of Chemical Tankers To Reduce Earnings
The world's fleet of chemical tankers has risen by 25 percent over the last four years, leading to a tonnage glut and the specter of reduced revenues for shipowners, an industry report said.
Tidewater Plans New-Build Program
Tidewater Inc. is preparing to embark on a modest new-build program, estimated to cost in the range of $300 million. William C. O'Malley added, "These new vessels…
All American Marine Building Gillnetters
After a slower year, the order book at All American Marine has rebounded. Together with charter and other boats, the firm has expanded their Ferndale, Wash. operations…
AMT Marine Building Fast Utility Boat at Hope Services
Andy Martin of AMT Marine will take delivery this May of a 136 x 34 x 12-ft. mini-supply boat from Hope Services of Dulac, La. The new boat, designed by Frank Basil's Entech and Associates of Houma…
Diversified Interests
With a history spanning three generations and more than 80 years, Bender Shipbuilding & Repair Co., Inc. is quite the familiar face in the Gulf Coast marketplace.
AKER FINNYARDS
Based in Rauma, Aker Finnyards recent history is indicative of the changes, which continue to sweep the Finnish maritime scene. Finnyards is owned 100 percent by Norwegian interests…
Surplus Of Chemical Tankers To Reduce Earnings
The world's fleet of chemical tankers has risen by 25 percent over the last four years, leading to a tonnage glut and the specter of reduced revenues for shipowners, an industry report said.
New Vessel Deliveries
Seacraft Shipyard Corp., Amelia, La., recently delivered M/V Sea Holly, a 110 ft. live-aboard long range yacht, designed for extended excursions. The entire exterior…
Rautaruukki Steel = Quality and Profit
Rautaruukki Group of Finland is the largest steel company in Scandinavia with 13,000 employees and an approximate annual turnover of $2.7 billion. While this is…
Merger of Aker Maritime and Kværner Approved
The Norwegian Competition Authority has cleared the merger of Aker Maritime and Kværner's oil and gas activities. The authority has approved the merger without reservations…
Northrop Grumman Awarded Navigation Systems Contract
Pilots and crew of the U.S. Navy's F/A-18E/F and E-2C aircraft will continue to get accurate position and targeting information for carrier-based operations through…
New Offshore Terminal Designs May Expedite LNG Deliveries
In the wake of announcements by the Federal Reserve about the need for more natural gas, Saipem Group, Single Buoy Moorings, Bluewater Offshore, Spectrum Energy Services…
Frontline Sells Tankers to OMI
The Bermuda-based Frontline Ltd. from OMI at $5.70 over a six month period. average of $20,000 per day for one year from delivery. expected early in the third quarter.
P&O CreditWatch Implications Revised Due to Postponed Merger
Standard & Poor's said that it had revised its CreditWatch implications to developing from negative on U.K.-based cruise operator P&O Princess Cruises PLC (triple…
New LNG Vessel to Serve Tractebel's Atlantic Basin Customers
Tractebel LNG North America LLC, operator of the United States' first LNG import terminal in Everett, Massachusetts, and Bergesen, based in Oslo, Norway, announced the launch of Berge Everett…
Incat Ferry Receives Significant Award
Incat received the award for Most Significant New Build-Fast Ferry at The Cruise and Ferry Exhibition and Conference held in London. The award was presented to builders…
Feature: Leaving Home
For many years the fortunes of the Great Lakes-based shipbuilders and naval architects was based solidly on the building level of the owners who were also based on the 94,000 sq. mi.
RIBS: AMBAR's RIBS Have Silver Linings
With the demand for aluminum boats hitting an all-time high within recent months, Silver Ships/AMBAR Marine has risen to the occasion to meet the stringent requirements of its customers…
News: Incat Vessel Wins Award
Incat received the award for Most Significant New Build - Fast Ferry, at the biennial event for the ferry, fast ferry and cruise industry, The Cruise and Ferry Exhibition and Conference…