Trimaran Demonstrator Progressing At VT
A new shape in navy warships is quickly taking shape in the U.K., as Vosper Thornycroft (VT) has completed structural work on the 321 ft. (98 m) Trimaran Warship…
Kvaerner Sells Singapore Yard
Kvaerner officials announced the company will sell its Kvaerner Fjellstrand shipyard in Singapore to Dutch firm Damen Shipyards Group. The sale will mean a slight accounting loss for Kvaerner…
Chinese Police Check Possible Pirated Ship
Chinese police were checking Friday to see if a Japanese cargo ship commandeered by pirates about four months ago may have been found on its shores, a Japanese shipping industry source said.
New & Notables
3.MAJ Brodogradiliste of Rijeka, Croatia has delivered Chaleur Bay - the second of its four-part oil/products carrier series. The Liberian-registered vessel group…
Spaarneborg Premieres As First Of Stora Enso's New Series
A member of the Wagenborg trio, MV Spaarneborg was constructed at German shipyard Flender Werft as part of a key component within a new transport system developed…
Harland & Wolff Lays Off 280 Workers
Harland and Wolff said it would lay off 280 workers last week. The shipyard recently secured its future by winning orders for four ferries worth $456 million and two cruise liners worth $350 million…
Business Briefs
Hvide Marine Incorporated (HMI) and subsidiary Sun State Marine Services, Inc., recently christened the first in a series of new cargo ships at its U.S. shipyard facility in Green Cove Springs…
AWO Members Win Benkert Award
The USCG has honored AWO members Crowley Marine Services, Inc. and Southern Towing Company with the William M. Benkert Award for excellence in marine environmental protection.
Contracts
Hornbeck Offshore Services, Inc., a wholly owned subsidiary Hornbeck-Leevac Marine Services, Inc., has begun a new vessel construction program to significantly increase the size of its seven-vessel…
Cargill To Deliver Low Sulfur Cargo
Cargill Inc. is in the process of shipping the first low-sulfur gas oil or diesel cargo from Southeast Asia to Europe. Traders said the company had chartered a tanker called the Young Lady…
BP Marine, Unitor Form Marine Alliance
UK-based BP Marine and Unitor ASA of Norway will form a marketing alliance to offer their combined range of products to ship operators on a global basis and, as a next step…
Network For Independent Transportation Companies Formed
International Freight & Logistics Network Inc, a new network of independent international transportation companies, has recently been established. The organization…
Introducing ‘Lo-Jack’ For Ships
A successful anti-piracy tracking system supported by ICC's International Maritime Bureau (IMB) now has a dedicated website that demonstrates how ship owners can…
Are Tanker Rates Too High?
Tanker rates have continued to rise against all expectations into the summer months, doubling the cost of transporting oil this year, but a lull is expected. By…
Are Tankers Setting A Course For Stability?
To characterize as stable the business of carrying oil aboard tankers of any size or route would be foolhardy at best. But as curious as the market's undulations may appear to those on the outside…
Four Shipping Companies Upgraded By ING
It looks as though the notoriously cyclical shipping sector is heading back up the mountain, as last week one of the world's prestigious financial firms stamped…
Oslo Sees Comeback For Maritime Stocks
The All Share Index in Oslo was up 3.8 percent in May, and shipping and offshore stocks were leading the way as the Shipping Index surged 13.9 percent during the month.
Oslo Sees Comeback For Maritime Stocks
The All Share Index in Oslo was up 3.8 percent in May, and shipping and offshore stocks were leading the way as the Shipping Index surged 13.9 percent during the month.
Oslo Sees Comeback For Maritime Stocks
The All Share Index in Oslo was up 3.8 percent in May, and shipping and offshore stocks were leading the way as the Shipping Index surged 13.9 percent during the month.
Congressional Maritime Legislative Initiatives In 2000
The year 2000 has enjoyed special significance as a transition year bridging two centuries. Similarly it has significance with U.S. lawmakers for the Second Session of the 106th Congress.