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Chinese LNG Project Progressing
A Chinese consortium led by China Offshore Oil Corp. (CNOOC) and oil major BP aim to complete a feasibility study for China's first liquefied natural gas (LNG) project by next June.
Malaysian Port To Receive $263M Infusion
A Malaysian port 30 percent owned by Danish shipping giant Maersk Sealand is expected to receive a $263 million government loan for expansion, Reuters reported.
KHZ To Buy Semisubmersible
Keppel Hitachi Zosen Limited (KHZ) is in discussions with Smedvig Asia regarding the latter's intention to exercise its option to purchase KHZ's interest in the semi-submersible tender rig…
Moody's assigns ratings to MISC
Moody's Investors Service has assigned Baa2 foreign currency and local currency issuer ratings to Malaysia International Shipping Corporation Berhad (MISC). The outlook for the ratings is stable.
$21.2 Billion Canal Proposed
Thailand is expected to begin construction soon of a $21.2 billion canal from the Indian Ocean to the Gulf of Thailand which would allow ships to bypass Malaysia and Singapore, Reuters reported.
$21.2 Billion Canal Proposed
Thailand is expected to begin construction soon of the Kra Canal from the Indian Ocean to the Gulf of Thailand which would allow ships to bypass Malaysia and Singapore.
Thai Prime Minister Denies Canal Reports
Thai Prime Minister Chuan Leekpai has denied reports the government plans to build a canal across southern Thailand, bypassing the busy Malacca Straits shipping lane…
IMB Warns Of Rampant Piracy 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.
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.
Hanjin Upbeat, Eyes Bigger Ships
Hanjin Shipping Co., cautiously upbeat on its prospects, will lease bigger ships as the company turns to profitability this year, its president said. Cho Sooho, the head of the South Korean firm…
S&P: Credit Quality of SE Asian Owners Drops
Standard & Poor's said the credit quality of shipping companies across Southeast Asia has suffered in the last two years, with most companies in the "weak to vulnerable" range…
Seabourn Sun To Sail First World Cruise In 2001
Seabourn Cruise Line's recently refurbished Ultra-Luxury Resort Cruiser Seabourn Sun will sail its first World Cruise under its new name and insignia in the winter of 2001.
Take That! Carnival Keeps NCL War Alive
Carnival Corp. revived a war for control of Norway's NCL Holding last Thursday with plans for a $1.3 billion offer, topping a bid by Malaysia's Star Cruises. "Carnival…
Carnival, Star Team Up To Buy NCL
Carnival Corp. and Malaysia's Star Cruises surprisingly joined forces in a battle to buy Norwegian cruise firm NCL Holding. The two companies dropped a bidding war…
Norway Rules Star Share Buying Legal
Norway's Industry Ministry gave Malaysia's Star Cruises a boost in a takeover battle for NCL Holding by saying Star's share buying did not violate Norwegian law.
Norway To Rule On Star Bid
Norway's Industry Ministry is likely to make a ruling before Feb. 4 regarding a bid by NCL's board to deny votes to Malaysia's Star Cruises. NCL, the target of a bid war between Star and U.S.
NCL Recommends Joint Bid To Shareholders
NCL Holding abandoned hope of any new takeover bids and recommended that shareholders accept an offer by Malaysia's Star Cruises and U.S. Carnival Corp. Star and Carnival…
P&O To Split Off Profitable Cruise Unit
P&O Steam Navigation Co. will de-merge its cruises division to form a separate group, allowing it to focus on running its ferries and ports. The new group, the third…
Star To Develop Thailand Cruise Terminal
Malaysia's Star Cruises Plc has reportedly been selected as the developer and operator of a cruise terminal at Thailand's Laem Chabang, the gateway port to Bangkok.
World Piracy Jumps 40% In 1999
Pirate attacks worldwide surged 40 percent in 1999 as economic and political troubles in Indonesia spurred a dramatic increase in incidents in Southeast Asia. The…