U.S. Oil Drilling Rig Count Down 10, Canada up 18
The number of rigs exploring for oil and natural gas in the U.S. reportedly fell by 10 from last week to stand at 570 as of July 9.
Norwegian Ferry Insured For $66M
Prinsesse Ragnhild, the Norwegian ferry which caught fire off Sweden, was reportedly insured for a total value of $65.80 million.
IEA: Says Oil Demand Slump Has Bottomed Out
Oil demand in the territories of the former Soviet Union reportedly has bottomed out after a long decline.
Kvaerner Wins Carnival Deal
Carnival Cruise Lines is reportedly ordering a $375 million cruise vessel from Kvaerner's Masa Yards unit in Finland.
Litton Withdraws Deal For Newport News
Litton Industries Inc. has reportedly withdrawn its $1.8 billion bid to buy Newport News Shipbuilding Inc., saying the deal was not likely to get the necessary government approval.
German Bank Signs $52M Loan for Croatian Shipyards
Kreditanstalt fuer Wiederaufbau and a Croatian reconstruction bank have reportedly signed a $52M loan for modernization of five state-owned shipyards.