New Orders Increase Dramatically - But Orderbook Fails To Rise
New ship orders reported have increased dramatically, according to figures published by Lloyd's Register (LR) in its quarterly World Shipbuilding Statistics. In the quarter to June 1999…
Kvaerner To Deliver Prefabricated Cabins
German shipyard SSW Fähr- und Spezialschiffbau GmbH from Bremerhaven and Kvaerner-Masa Yards, Piikklö Works have signed a contract for the delivery of prefabricated…
S&P Lowers Pegasus Rating
Standard & Poor's lowered its corporate credit rating on Pegasus Shipping (Hellas) Ltd. (Pegasus) to triple-'C'-minus from single-'B'-minus. At the same time, Standard…
Chuan Hup To Buy 20 New Barges & Tugs
Marine shipping company Chuan Hup Holdings expects a new contract to ship coal to Indonesia to contribute significantly to group earnings in 2001, according to a company official.
Zeebrugge Traffic Up 6.6%
Total traffic through Zeebrugge port rose by 6.6 percent to 26.67 million tons in the first nine months of 1999. At the end of the year it expected total traffic…
LR Announces SSEE Winner
Compania Naviera Minera del Golfo SA de CV (Navimin) of Mexico has won the Standard Ship Emergency Exercise Award from Lloyd's Register (LR). The award was made to Mr.
Caterpillar's 3412E Provides High Power
Caterpillar's Engine Products Division has introduced the availability of a new, totally electronic 3412E marine diesel engine with ratings from 503 to 1,400-bhp (375-1…
FGI And Halter Merger Activities On Schedule
Friede Goldman International stated that its activities related to its pending merger with Halter Marine Group were progressing on schedule. The company has received…
Celebrity Zenith Arrives At Newport News
Celebrity Cruise Lines' vessel Zenith arrived at Newport News Shipbuilding (NNS) on October 18 for its bi-annual drydocking. Owned and operated by Miami, Fla.-based Celebrity…
World's Biggest Cruise Liner Set To Sail
The world's biggest cruise liner, the 311-m (1,035-foot) Voyager of the Seas, will set sail this week from Finland to the United States. The $500 million vessel…
Astano Delivers Discoverer Spirit
Astano, the Astilleros Españoles offshore construction yard, has sent off Discoverer Spirit to American owner and operator Transocean Offshore. The second of a trio…
Finnish State To Join Bidding For Masa-Yards
The Finnish state plans to join the bidding for Masa-Yards, the Finnish shipyards of Anglo-Norwegian engineering firm Kvaerner, according to news reports. Officials…
15 Bodies Recovered From Ship Wreck
Rescuers have recovered 15 bodies from a ship that sank off the southern coast of Indonesian New Guinea last week with the feared loss of more than 100 lives. About…
Samsung Wins $500 M In Orders
Samsung Heavy Industries Co. has won $500 million in orders to build eight ships for Greek, German and British companies, according to company officials. Samsung…
Oil Jumps As Support For Cut Extensions Grows
Oil prices surged on Friday as traders began to take seriously the prospect of an extension beyond next March of producers' supply curbs. International benchmark…
Energy Department To Watch Energy Supplies For Y2K Mishaps
The U.S. Energy Department will team with industry experts to monitor any disruptions to energy supplies worldwide as Year 2000 dawns, department officials said.
Royal Caribbean Fined $6.5 M For Spill
Royal Caribbean Cruises Ltd. was fined $6.5 million on Oct. 21 for dumping oily bilge water and other pollutants into Alaskan waters. The cruise line was placed…
Latvia Shipping Asks Hyundai To Extend Tanker Deal
State-owned Latvian Shipping has asked Hyundai Heavy Industries for an extension of the deadline for signing a $200 million tanker order. Latvian Shipping is in…
Piracy Rampant In Indonesian Waters
Pirate attacks more than doubled in Indonesia in the first nine months of 1999, prompting the International Maritime Bureau (IMB) to warn mariners to take urgent precautions in Indonesian waters.
Shipping Industry To Face 'Famine'
The shipping industry faces lean times or worse over the next few years, industry experts said at a round table discussion. "I don't see any fat times ahead. I see lean times and perhaps famine…
