Kuroyedov Urges Need Of Sub Upgrades
Russia's naval commander-in-chief Vladimir Kuroyedov warned the country's submarine fleet needed an urgent technological upgrade. Kuroyedov, reflecting on the Kursk…
Worldwide Offshore Rig Utilization Drops
Worldwide rig utilization decreased the week ending December 15, according to Offshore Data Services (ODS). With 560 of the world's 647 mobile offshore drilling rigs under contract…
SS&Y Indices Drop Again
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 53 points to 5,284. "Owners have been keen to get their vessels fixed well before the office…
Sunken Tanker in State of Corrosion
The Maltese-registered tanker Erika, which sank off the French coast a year ago releasing a huge oil slick, was in a state of more or less advanced corrosion, the official disaster report said.
Dispute Settled Between U.S. and Japan
Good news for panamax shipowners emerged as the dispute between the United States and Japan over the genetically modified maize StarLink appeared to be over, brokers said.
Transfennica's Sale To Finnlines Cancelled
On 28 June, 2000, an agreement was signed between the shareholders of Transfennica Ltd. and Finnlines Plc to sell Transfennica's shares to Finnlines. The sale required…
USCG Cutter Maple Launched At Marinette Marine
On Saturday, December 16, Marinette Marine Corporation launched the U.S. Coast Guard Cutter Maple (WLB-207), the seventh ship in a series of sixteen Seagoing Buoy Tenders being built by the company.