Letter to the Editor
The article entitled, "Go to the Head of the Class" (MR/EN, Sept. 1999) presents a refreshing example of progress in maritime education. Professors Femenia and Butman…
Aker Marine And Vryhof Sign Letter Of Intent
Aker Marine Contractors, (AMC) a subsidiary of Aker Maritime, and Vryhof Anchors have penned a Letter of Intent to extend their cooperation agreement through their…
Fincantieri Signs High Speed Ferry Contract
Fincantieri has singed contracts with Minoan Lines for two new high-speed ferries to be delivered in fall 2001 and spring 2002 for a price of about $105 million each.
Bollinger Awarded Vessel Modification Contract
Bollinger Shipyards has been granted a $5.1 million contract from the U.S. Navy to modify three Patrol Coastal ships (PC) of the Cyclone Class. The company has an option on a fourth PC…
OPEC Producers Must Invest $60B To Meet Demand
OPEC oil producers will need to invest $60 billion by 2010 in order to meet world oil demand, according to figures released by the group. To maintain its 1995 production…
Aker Maritime Sale Plans Halted
Aker RGI has halted plans to sell offshore supply company Aker Maritime ASA, of which it holds 63 percent, according to company officials. The talks relating to a possible sale have ended…
Mitsubishi Heavy To Cut 500 Shipyard Jobs
Mitsubishi Heavy Industries Ltd. plans to reduce its shipbuilding division's work force by 500 before March 2004. The division currently employs 4,500. The work…
Minoan Flying Dolphins Acquires Five Used Ferries
Minoan Flying Dolphins, a subsidiary of Minoan Lines, has five used ferries to service routes linking the port of Piraeus with islands in the Saronic Gulf. The ferries are F/B Nefeli…
Oil Prices Steady As Buyers Return
Oil prices steadied as buyers returned to the market on Friday to take advantage of a five percent slump set off by speculative fund sell-off on Thursday. Brent…
LCL Buys Stake In Royal Olympic
Cyprus cruise operator Louis Cruise Lines has signed a deal to acquire a 51.4 percent controlling stake in Nasdaq-listed Royal Olympic Cruise Lines. The value of the deal was not released.
Cargo Ship Missing, Feared Hijacked
A Japanese cargo ship has been missing since its departure in Indonesia Oct. 22, prompting fears that it might have been hijacked. The Alondra Rainbow, carrying 7…
CSBC To Build Containerships For Maersk
China Shipbuilding Corp. (CSBC) has reportedly won a contract to build two more small container vessels for Maersk Line, which already has four vessels on order with the Taiwanese company.
Royal Caribbean Fined $6.5 Million For Spill
Royal Caribbean Cruises Ltd., the world's second-largest passenger cruise line, was fined $6.5 million on Oct. 21 for dumping oily bilge water and other pollutants into Alaskan waters.
SS&Y Capesize Indices Fall
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 32 points to 4,346 in the week ending Oct. 25. "Despite a 32 point decline in the index, there…
Offshore Rig Counts Unchanged
The offshore rig count pattern of recent weeks continues. According to Offshore Data Services' weekly mobile offshore rig count, the U.S. Gulf of Mexico rig count…
McClier-Frederic R. Harris To Create Major Hub On Suez Canal
The McClier-Frederic R. Harris architecture, engineering, construction and consulting team has been selected to create a trade port and industrial city at Port Said East…
New Cat 3412E Offers More Power
Caterpillar's Engine Products Division offers a new totally electronic 3412E marine diesel engine with ratings from 530-1,400 bhp for commercial marine application.
Hvide Marine Reports Third Quarter Loss
Hvide Marine Inc. reported a net loss of $20.1 million or $.129 per diluted share on revenues of $86 million for the quarter ended September 30, 1999. In the period one year earlier…
Moore Stephens Branches Out To Russia
Shipping accountant Moore Stephens has continued its expansion in Russia by opening an office on Sakhalin Island in Russia's Far East. Martin Rix will move from…
Holland & Knight Names Exec. Partner
William J. Honan was appointed executive partner of the N.Y. office of Holland & Knight LLP, effective October 1, 1999. As executive partner, Honan will focus on the continued growth of the N.Y.
