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FMC Acts On Mississippi Towage Arrangements
The International Association of Dry Cargo Shipowners (INTERCARGO) welcomes the news that the U.S Federal Maritime Commission (FMC) has agreed it has jurisdiction…
A.P. Moeller Dips On News
A.P. Moeller fell around four percent on Thursday as news of a production halt and talk of higher tax continued to scare away investors, brokers said. Furthermore…
Is DD21 Program In Peril?
Prospects for a proposed all-new $30 billion advanced Navy destroyer foundered on Tuesday, undercut by a study carried out for Defense Secretary Donald Rumsfeld.
Editor's Note
Buoyant is perhaps the best word to describe the overall status of the world marine market. As you flip through the pages of this year’s Annual World Yearbook, you will find a number of articles…
Royal Caribbean Extends Options For Two $500 Million Vessels
Royal Caribbean said on Wednesday it has extended for 13 months options on building two $500 million ships to add to its 21-vessel fleet. The Miami-based operator…
Ship Explodes at Malaysian Yard, Four Workers Killed
An explosion on a ship being repaired in Malaysia's southern state of Johor killed at least four shipyard workers, news reports said on Wednesday. The unidentified…
Greasing the Skids
Record gas prices, OPEC solidarity and a U.S. administration doling out incentives for exploration and production all add up to good news for those companies conducting…
Northrop Grumman To Comply With DOJ's Information Request
Defense contractor Northrop Grumman Corp. said on Tuesday that it will comply with a request from the Department of Justice for additional information on its proposed…
A.P. Moeller Shares Bounce Back
Danish A.P. Moeller shares rebounded on Friday after news of its purchase of Dutch tug and salvage company Wijsmuller Group Holding on Thursday, brokers said. The two A P Moeller stocks…
Taiwan Searches For Chinese Sailors
Taiwan on Tuesday searched on for 10 Chinese crew members of a Belize-registered vessel that went missing off the island's southern coast during a killer typhoon…
GD Extends NNS Offer
General Dynamics extended its pending tender offer for all outstanding shares of common stock (including associated rights) of Newport News Shipbuilding Inc. to midnight, EDT, on July 6, 2001.
Alstom Posts 19 Percent Gain In Sales
French turbines to trains group Alstom posted a 19 percent rise in sales to 6.05 billion euros in its first quarter to June, boosted by the full consolidation of…
North Sea Tanker Market Leads Boom
Tanker markets around the world soared this week, led by the North Sea market where rates swelled by nearly a third as supply dried up for end-month loading dates.
Editor's Note
Considering the over abundance of conferences and exhibitions that grace the marine industry’s business calendar, I am pleased to report on the activities of the…
Northrop Grumman Extends Again NNS Tender Offer
U.S. defense contractor Northrop Grumman Corp. on Thursday said it extended again its tender offer for the shares of Newport News Shipbuilding, as the antitrust…
Newport News Backs $2.1 Billion Takeover From General Dynamics
Newport News Shipbuilding Inc. said Wednesday its board voted to back the $2.1 billion takeover offer from defense contractor General Dynamics Corp. over a rival bid from Northrop Grumman Corp.
GD Reports Good Quarter
General Dynamics Corp., maker of nuclear submarines, tanks and destroyers, reported an 11 percent increase in second-quarter profits, meeting Wall Street targets…
Shipyard Accident Kills 22
At least 22 people were crushed to death when a huge, brand-new crane toppled over in a Shanghai shipyard, the latest in a string of deadly accidents that highlight China's woeful safety standards.
IZAR Tapped To Build Chem Tanker
The reinvention of the Spanish shipbuilding industry under the moniker IZAR as of earlier this year is apparently an immediate success, as news emanating from the…
Northrop Grumman Extends NNS Offer
Northrop Grumman Corporation has extended its pending exchange offer for all outstanding shares of common stock, including associated rights, of Newport News Shipbuilding Inc. from Aug.
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Celebrating National Maritime Day: Honoring the Past, Navigating the Future
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Maritime Reporter Explores New Tech at Nor Shipping 2019
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Inside the Program to Train Next-Gen Shipbuilders
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