Daewoo To Spin Off Two Divisions
Daewoo Group reportedly plans to spin off Daewoo Electronics and the shipbuilding division of Daewoo Heavy Industries prior to their sale.
Attica’s Two New Ferries Expected In H1 2000
Two of Attica Enterprises’ six Superfast ferries under construction will reportedly join its existing four Superfast vessels by mid-2000.
Britain’s Cenargo To Buy Norse Irish Ferries
Cenargo International Plc has reportedly made an offer to buy Ireland-based ferry operator Norse Irish Ferries Ltd.
Egypt Signs Contract To Set Up A Container Station
The Egyptian Marine Transportation Sector and Suez Canal Company reportedly signed a contract to establish a container station in East Port Said harbor.
Conoco Talks On Azeri Field Expire Without Agreement
Conoco is reportedly was "considering all options" after failing to reach agreement in talks with Azerbaijan over a $1.2 billion deal to rehabilitate and develop a major oil field.
Daewoo, Creditors Near End Of Talks
Daewoo Group is reportedly in the final stages of talks with creditors on a blueprint to overhaul the embattled conglomerate amid media reports that its cash-rich brokerage would be sold.
Oil In Transit Volumes Starting To Drop
Volumes of oil in transit will reportedly start to fall away this month after dropping marginally in July, according to Oil Movements.
Cuba Offers 59 Offshore Oil Blocks In Joint Venture
The Cuban government is reportedly offering 59 offshore oil blocks for joint venture projects with foreign companies as part of its bid to develop the local hydrocarbon…
Big Oil, Kuwait Close To Serious Upstream Talks
Big oil firms reportedly may start serious talks soon with Kuwait on upstream oil deals as the oil-rich Gulf state inches closer to opening up the prized sector.
No End In Sight For French Oil Battle
Market fears that the takeover battle between France's two largest oil companies could be prolonged reportedly increased when the market regulator failed to set…
Both Sides In U.S. Oil Trade Case Make Final Arguments
Both sides in a hotly-contested oil trade case reportedly made final efforts to sway the Department of Commerce, which will soon make public its decision on whether to proceed.
Aker Maritime, Aker RGI In Assets Deal
Aker Maritime is reportedly taking full control of Aker Geo from industrial holding company Aker RGI.
Container Ship Charter Rates Seen Surging In 2001
Container ship charter rates are reportedly set to recover from their current depression by 2001, according to shipping analysts.
International Shipholding, Seminole Settle Litigation
Seminole Electric Cooperative Inc. has reportedly paid $23 million for a settlement of shipping-related litigation with Central Gulf Lines Inc., a wholly owned subsidiary…
McCain Bill Promotes Cruise Ship Tourism Between U.S. Ports
Senator John McCain (R-AZ), Chairman of the Committee on Commerce, Science, and Transportation, introduced the U.S. Cruise Ship Tourism Development Act of 1999.
Astilleros Españoles To Construct Innovative Ferry For Transmediterranea
Astilleros Españoles was chosen as the builder of a new RoRo cargo and passenger fast ferry, by Transmediterranea, Spain's largest shipowner. Intended for deployment…
Kirby Buys Hollywood Marine, Triggers Debt Fears
Kirby Corp, the largest U.S. tank barge operator, recently agreed to buy Hollywood Marine Inc., an inland tank barge company based in Houston, Texas, for about $325 million.
Kirby Buys Hollywood Marine, TriggersDebt Fears
Kirby Corp, the largest U.S. tank barge operator, recently agreed to buy Hollywood Marine Inc., an inland tank barge company based in Houston, Texas, for about $325 million.
North Sea Output Reduced 70,000 bpd
Royal Dutch/Shell is said to have cut its North Sea oil output by 70,000 bpd after lightning cut power to a natural gas plant.
Oil Spill Update: Sabotage Ruled Out
Italy's Fratelli D'Amato SpA -- owners of a tanker that leaked 80,000 liters of oil into Sydney Harbor, reportedly have ruled out sabotage as an explanation of how…
