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Global Marine beats estimates with flat Q2 earns
Offshore oil and gas driller Global Marine Inc. said 2Q earnings were flat versus a year ago but surpassed Wall Street expectations as oil companies gradually regained…
A Practical Discussion Regarding Compliance
Maritime businesses are increasingly becoming the subject and target of federal criminal investigations. This is due, in part, to the increased emphasis on the enforcement…
Explosions Recorded Where Sub Sank
A Norwegian seismic institute recorded two explosions Aug. 12 where a stricken Russian submarine sank off north Russia, the biggest as strong as one or two tons of TNT.
Global Marine Beats Estimates
Offshore oil and gas driller Global Marine Inc.'s second-quarter earnings were flat versus a year ago but surpassed Wall Street expectations as oil companies gradually…
Japanese Yards Form Alliance
Three major Japanese shipbuilders are forming an alliance on commercial vessels and ocean engineering to survive competition with South Korean shipyards. The three…
Carnival To Cancel Two Voyages On Elation For Preventative Maintenance
Carnival Cruise Lines said that it will cancel two seven-day voyages of its cruise ship Elation departing October 29 and November 5, 2000, to perform preventative…
Great Lakes' Biggest Dual-Mode ITB Begins Service
One of the most labor- and fuel-efficient bulk material carriers on the Great Lakes entered service in June 2000. The self-unloading barge Great Lakes Trader is owned by Great Lakes Marine Leasing…
Two-Stroke Milestones
Eastern seaboard operator Gypsum Transportation provided a beacon for the industry when it nominated a camshaft-less, electronically controlled Sulzer diesel engine for its 50…
Pertamina To Stop Using Tanker For LSWR
Indonesian state oil company Pertamina will stop using the Platinum tanker as a storage platform for low sulfur waxy residual (LSWR) in December, Reuters reported..
Great Boats of 2000
Every year, MarineNews chooses a handful of vessels delivered in the past 12 months and bestows upon them the distinction of “Great Boats.” The boats are chosen for innovations in design…
PDVSA To Sell Bunker Fuels On Internet
Venezuelan's Petroleos de Venezuela (PDVSA) will begin selling bunker fuel via two Internet sites later this month, its first sales project across the Web, a company official said.
Petroleos de Venezuela Delves Into E-Commerce Arena
Venezuelan state oil company Petroleos de Venezuela (PDVSA) will begin selling bunker fuel via two Internet sites later this month, its first sales project across the Web, a company official said.
Cheap Seats Hurt Princess Cruises
Cheaper tickets for Caribbean cruises filled the decks but hit the finances of P&O Princess Cruises Plc last year when profits fell 11 percent. Most of the damage was reported in the fourth quarter…
PDVSA Chooses Bunkerstem
Venezuelan state oil company Petroleos de Venezuela (PDVSA) has chosen Bunkerstem, as one of only two approved outlets for bunker fuel sales. PDVSA will begin selling…
Bender To Start Conversion of Barge and MMA Training Ship
Bender Shipbuilding & Repair of Mobile, Ala., has been awarded the conversion of the 400 x 102 ft. Sea Sorceress. The barge, which will be converted from a manned…
Kin of Japanese Fishing Trawler Victims Express Outrage
Relatives of nine Japanese lost at sea when a U.S. submarine sank their fishing boat off Hawaii in February voiced anger on Saturday after hearing the captain of…
Wärtsilä Releases New Medium-Speed Standard for the Future
The Wärtsilä 46F is the latest in the highly successful marine engine series launched in 1987 with the Vasa 46, as it was then called. Though visually similar to the original Wärtsilä 46…
Invisible Shipping Industry must act to Raise Profile
and public appreciation of shipping's contribution to society. exhibition in London. owners - carried some 60% of the oil and chemicals consumed worldwide. reliability," he observed.
The Electronics Revolution in the Pilothouse
Back in 1986 when I first started reporting on workboats, the most modern thing in the pilothouse may have been the coffee maker. Navigation was mostly "between…
A Tale of Tugs of Two Cities Year: A Tough Season on the Circuit
It's been a rough year for tugmeets. Charleston, Boston, and Portland, whose Musters we've covered in the past, were respectively, skipped, canceled, and postponed.