Germany Gets Cableship Orders
A.P. Moeller ordered two additional cable-laying vessels from its wholly-owned Volkswerft shipyard in Stralsund, eastern Germany. The ship's deliveries are set at end-2000 to early-2001.
Cruise IPO Heavily Oversubscribed
A $16.7 million initial public offering by Cyprus' Louis Cruise Lines was close to 30 times oversubscribed, a company spokesman said.
Kvaerner Agrees To Sell Govan Yard
Kvaerner agreed the terms of its deal to sell the Govan shipyard in Scotland to GEC's defense unit, lifting the threat of major jobs losses there. Kvaerner said…
Trouble In Paradise?
The cruise shipping industry, which has invested billions of dollars in new ships and enjoyed an unprecedented bull run during the last five years, suffered a major…