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Editor's Note
The break up and sinking of 25-year-old Erika during mid-December 1999 at first seemed nothing more than another tragic marine mishap. However, Erika has taken on…
Erika Syndrome Hits Aframax Market
The Erika syndrome, by which charterers are seeking tankers younger than 20 years of age, shifted focus to the Atlantic Aframax markets, shipping brokers said. Two…
NOL Upgraded By Salomon Smith Barney
Salomon Smith Barney has upgraded its recommendation on shipping group Neptune Orient Lines (NOL) to a buy from an outperform on the back of its new management and a strong U.S. market.
Jamaican Cruise Port Development Steams Ahead
Managers of Jamaica's delayed Port Royal Development Project expect to begin construction by year-end on a cruise ship pier central to the restoration of the one…
Carnival Cruise Ship Stricken Again
In what has become an all too familiar scenario, another Carnival cruise ship reported engine problems and ended floating aimlessly while passengers onboard no doubt fumed.
Global Drilling Expected To Bounce Back In 2000
World drilling activity for oil and gas fell 24 percent in 1999 from 1998, but levels should bounce back in 2000, IHS Energy Group said. "In 2000, I expect levels to reach at least those of 1998…
Talk Of Tanker Age Limits Gives Markets A Lift
Tanker markets continued strong at the end of last week with talk of new French oil company age restrictions on acceptances said likely to put further pressure on rates.
Innovative High-Speed Japanese Ferry Enters Service
A high-speed Japanese ferry left Japan last Tuesday on its maiden voyage to Shanghai, which it is expected to reach in half the time of a conventional vessel. The Techno Super Liner…
Global Marine Announces December SCORE
Global Marine's Summary of Current Offshore Rig Economics (SCORE) for December 1999 increased 3.5 percent from a month earlier, with significant improvement of the…
FY 01 Civil Works Budget Proposes $4.06B Program
President Clinton's budget transmitted to Congress includes $4.06 billion for the USACE Civil Works program. In addition, the program will include $322 million in…
WSF Searches for Solutions to Budget Cuts
Two significant efforts are under way at Washington State Ferries to shape the ferry system following passage of Initiative 695 (I-695), which eliminated $52 million from the WSF budget.
Fire Safety Training: Up Close
It was hot. Really hot, the smoke was getting denser by the moment as the fire grew larger. It was getting darker. I couldn't see the flames any more from my position…
Where Businesses And Consumers Can Mix
In today's competitive and bustling marketplace of Internet technology, users expect to accomplish daily tasks with just one click of a mouse. While many companies have begun to lean this way…
Mississippi Lock Could Reopen This Weekend
A Mississippi River lock undergoing repairs that have forced barge tows to use a smaller auxiliary chamber are expected to be back in service by Sunday, according to the U.S.
Steady Work for Inland River Towboat Builder
Launched in 1972, Marine Builders Inc. has remained a model of consistency, churning out a healthy mix of towboats and - more recently - passenger vessels, each year of its existence.
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.
A broader-based payback from R&D
Consolidation in the diesel engine building sector is partly a reflection of the substantial capital expenditure required to maintain product development and technological…
Editor’s Note
If you concur, then you're in for some bad news. The scrutiny of maritime matters by lawmakers near and far is at a fever pitch worldwide. While pressure and visibility…
Supreme Court Strikes Down Some Washington State Tanker Rules
The U.S. Supreme Court ruled in favor of the federal government and tanker owners on March 6 by striking down parts of Washington state regulations aimed at preventing…
Offshore Recovery Stalled For Now
As crude oil prices reach Gulf War highs and recent memories of historic low crude prices fade, capital spending on finding and developing new oil reserves continue to play catch up.