EU Debates Old Ships V. New Ships
The lack of a European Union directive on tanker regulations could hamper the EU in adopting proposed new rules to ban old tankers, ship owners said last week. The…
KMY Wins Two-Ship Order From RCL
Kvaerner Masa Yards won a $1.09 billion contract to build two ships for Royal Caribbean Cruises (RCL). The Eagle-type cruise ships are scheduled to be ready for delivery in 2002 and 2003.
Australian Company Buys Into U.S. Inland Market
Towage group Adsteam Marine Ltd unveiled a $55 million investment in an Alaskan barge group last week, a move, which was reportedly designed to drive further growth…
Carnival Announces $1B Stock Buyback
While the Y2K bug proved to be an overblown concern, world-leading Carnival Corp. surely must feel that there's something about the turn of the new decade that's making it feeling sickly.
P&O Announces Steady Results For Stena
Peninsula & Oriental Steam Navigation Company Plc, said its Stena Line had results broadly comparable to year-ago figures, as it released quarterly ferries results.
Mississippi River Traffic Starts Flowing Early
Barges traveled freely last Monday along the mid-Mississippi River after a lock in Quincy, Ill. opened ahead of schedule, according to the U.S. Army Corps of Engineers.
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…
Moody's Downgrades Navigator Gas
Moody's Investors Service has downgraded the rating of Navigator Gas Transport's first priority ship mortgage notes due 2007 to Caa2 from Caa1, and the second priority notes due 2007 from Ca to C.