SS&Y Indices Fall
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 54 points and its Atlantic Capesize Index fell 79 points in the week ending Monday to 5,123.
Russian Ship Saves Sinking Ship's Crew
Fire broke out on a Syrian ship in international waters off Cyprus, forcing its crew to evacuate before the vessel sank early on Monday, authorities in Cyprus said.
Sweden Tries To Persuade U.S. Group To Abandon Estonia Dive
Swedish coastguards reportedly planned to board a U.S. ship they suspect is taking divers to examine the wreck of the ferry Estonia, which sank in the Baltic Sea in 1994 with the loss of 852 lives.
Russian Sub Rescue Turns To Recovery
Russia on Monday asked Norway to help recover 118 corpses trapped in the wreck of the Kursk submarine off northern Russia, the Norwegian foreign ministry said. A…
Kvaerner Books Another Cruise Ship Contract
Kvaerner signed a deal with Costa Crociere - the Italian joint venture of Carnival Corp and Airtours , to build a 86,000-grt cruise ship. The vessel will accommodate 2…