Maritime Industry Top News
Pirates Thwarted By Naval Forces
A complex anti-piracy operation involving the resources of three nations ended on Wednesday as Indonesian naval forces stormed the Singaporean tanker Selayang to…
Management Buyout Proposed For Cammell Laird Yard
Cammell Laird Plc has axed another 146 jobs in the U.K., but a proposed management buyout of one of its yards held out the prospect on Wednesday of saving hundreds more.
Bulker Blocks Brazil Entrance
The Hong Kong-flag bulker Dyna Gemini was blocking shipping at Sepetiba, Brazil, after running aground in the middle of the access/exit channel, Reuters reported.
Stolt-Nielsen Opens New Office
Last week the Stolt-Nielsen Transportation Group (SNTG) opened a new office in the Rotterdam port area. Some time ago SNTG announced the concentration of its European activities in Rotterdam.
NedCargo Opens St. Petersburg Office
NedCargo, the European platform for container transport, opens an office in St. Petersburg. The company signals a rising volume on Russia and in general considers the Russian market as promising.
Coflexip Stena Offshore Makes Management Changes
Pierre Marie Valentin, Chairman and Chief Executive Officer of Coflexip announced that the management structure of the CSO Group has been changed to reinforce its…
FGH Announces Rig Work
Friede Goldman Offshore, Inc., the rig segment of Friede Goldman Halter, Inc. announced that Noble Drilling (U.S.) Inc. has scheduled the Noble Amos Runner for repair…
Famine Ship Still Stuck In Ireland
Plans to sail a replica of an Irish famine-era ship across the Atlantic have been abandoned for the second year running because the vessel is still not seaworthy.
DoD To Starts Newport News Shipbuilding Bid Review
Competing bids for Newport News Shipbuilding Inc. remain under review by the Defense Department and a final recommendation is several weeks away. General Dynamics Corp.
Asian Tanker Rates Drop
Asian tanker rates started heading downhill this week after two months of stability, Singapore brokers said. "It's softened quite a bit since last week," said one…
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…
Bulk Shipping Alliance Close To Start-Up
A Capesize bulk shipping alliance involving three of the sector's biggest fleets may be launched within a month, according to one key player, Greece's Angelicoussis Group.
Japan Chides SE Asia Regarding Piracy
A Japanese maritime safety expert chided Southeast Asian countries on Tuesday for failing to cooperate fully in the fight against pirate attacks in their waters.
Solar Powered Ferry Sets Sail
For centuries, sailing has been about how to catch the wind. Now it is becoming a question of how to catch the sun. Australian inventor Robert Dane has designed…
Increased Panamax Rates Boost Market Sentiment
Higher panamax freight rates have boosted sentiment in the market amid hopes for further rates increases during the week, shipbrokers said on Monday. They gave as prime example the latest U.S.
Golar Plans To Go Above and Beyond Shipping
Norwegian shipping magnate John Fredriksen's Liquefied Natural Gas (LNG) transport company, Golar LNG, said it plans to expand beyond the shipping niche to handle the whole LNG logistics chain.
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.
Frontline Buys Back Shares
Frontline has bought back 50,000 of the company's common shares, at a price of NOK 165,93. Total number of outstanding shares after this is 76,912,566. The shares…
EU, S. Korea Will Try Last Minute Negotiations
European Union (EU) and South Korean officials meet next week to try to settle a row over alleged subsidies to Korean shipyards and avert an EU threat to take the…
Sedative OKd To Help Free Entangled Whale
A federal judge in Boston on Friday cleared the way for rescuers to use a sedative to free a whale tangled in fishing line while fighting for its life off the coast of Cape Cod, Mass.
