Japanese Foreign Ship Orders Up
Japanese shipyards in May received foreign ship orders for 16 vessels, or 669,000 grt, up 371.8 percent from May 1998, the Japan Ship Exporters' Association said.
FirstWave/Newpark Awarded Trio Of Contracts
Providing ship repair, conversion, new construction and related services for barges and other vessels, FirstWave/Newpark Shipbuilding has garnered three new contracts.
Algoma Grants Unique Contract To CSE
Algoma Central Marine has awarded a $5.5 million contract to Canadian Shipbuilding & Engineering for the conversion of a single-hulled tanker, 431 ft. (131.5 m) M.V.
Tidewater Signs Agreement Of Intent
Tidewater, Inc. has signed an agreement of intent to acquire six newbuild vessels from Hvide Marine Incorporated, for an aggregate price of $22 million. Closing…
AlliedSignal And MTU Combine For Industrial And Marine GT Business
AlliedSignal and MTU München, a subsidiary of DaimlerChrysler Aerospace, have agreed to form a $100 million joint venture company named Vericor Power Systems. The new company will market…
EU Adopts Anti-Dumpings At Sea Rules
European Union transport ministers approved rules which aim to prevent ships from dumping waste at sea. The new law will require all EU ports to build adequate facilities…
FastShip Signs With NASSCO For Construction Of Fleet
FastShip has signed a Memorandum of Understanding with National Steel and Shipbuilding Company (NASSCO), a subsidiary of General Dynamics, for the building of the…
Baltic Indices Down; Freefall To Continue
The Baltic indices all posted losses yesterday, especially the Panamax-driven ones, and word in the market is that the fall will continue. The recent turnaround…
U.S. Coast Guard Says Will Not Close Ports For Y2K
American ports will not be ordered to close between the end of 1999 and the beginning of the year 2000 because of millennium-related computer failure fears, the U.S. Coast Guard said last week.