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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…
Japanese Ship Missing, Feared Hijacked
A Japanese cargo ship with 17 people on board has gone missing near Thailand and is feared hijacked, the International Maritime Bureau (IMB) said. The 6,594 dwt…
Carnival Earnings Warning Triggers Sell-Off
If it's darkest before dawn, than it is nearly daybreak at Carnival Corp. The company's stock price has been severely punished since the beginning of the year for seemingly phantom reasons.
Star, Carnival End NCL Joint Venture
Malaysia's Star Cruises Plc and Carnival Corp. have terminated a joint venture agreement to buy Norwegian cruise group NCL Holding ASA, paving the way for Star to have full ownership.
Port Security and OSC Grants Announced
The Transportation Security Administration (TSA) announced the second round of port security grants and the Operation Safe Commerce (OSC) grants. The port security…
Port Security Funds Awarded
Some long awaited funding has finally been released from the Federal Government to shore up port security across the nation. Yester, U.S. Secretary of Homeland Security Tom Ridge…
MISC to Acquire NOL’s American Eagle Tankers
Malaysia International Shipping Corporation Berhad (MISC) will acquire Neptune Orient Lines’s American Eagle Tankers (AET). The acquisition will provide MISC with…
Japan Tankers Enter MSE For Fix
There are currently two large Japanese-operated tankers, both from International Energy, in for repair at Malaysia's Malaysia Shipyard & Engineering (MSE) - the 299…
Offshore News: Offshore Companies in the News
• Diamond Offshore Drilling Limited, completed the previously announced acquisition of the third-generation semisubmersible drilling rig Omega. The rig, purchased for $65 million…
Precautionary Effort Prompts Star Cruises to Cancel Two Cruises
Star Cruises said that two of its crew of have been placed under observation at hospitals in Singapore and Malaysia prompted by symptoms such as fever and coughing.
Innovations in AIS
Raytheon Marine is broadening its product offering to fulfill the new requirements due to the modification of international regulations. Therefore the company is…
Profits Fall at Daewoo Shipbuilding
Daewoo Shipbuilding & Marine Engineering Co, the world’s second-largest shipbuilder, reported net income in July declined 34 percent to $$8.1 million from a year earlier.
Malaysian Firm Takes Delivery
Syarikat Borcos Shipping, based in the city of Miri in Sarawak East Malaysia, has taken delivery of the first of two fast crew boats from Strategic Marine Singapore.
Indian Navy Orders Six Subs
A contract was signed in New Delhi for the construction of six Scorpene submarines, that will be built in Mazagon Dock Limited shipyards, in Mombay. The French-Spanish…