Maritime Industry Top News
German Tanker Runs Aground, Spills Heating Oil
A German-registered tanker ran aground on the Danube, spilling several hundred liters of heating oil into the river, Austrian shipping police said on Monday. The…
Human Smuggling Operation Uncovered on West Coast
There may be links between the case of 36 illegal Chinese immigrants found on a container ship here on Tuesday and a similar human smuggling operation uncovered last week in Long Beach…
Korean Ship Feared Sunk Off Japan
Rescue officials found a body during a search for a Korean ship missing off southwestern Japan, raising fears the cargo vessel foundered in heavy seas with 28 crew on board, Japan's coast guard said.
DFDS Tor Lines Considers LISCO Buyout
Danish DFDS Tor Lines is committed to considering a minority share buyout as part of the privatization of Lithuanian shipper LISCO, but did not specify a price.
Single Hull Tanker Ban Could Send Freight Rates Soaring
When OPA 90 was introduced in wake of the Valdez accident, the stipulation that tankers trading in the U.S. must be double hulled was roundly panned throughout the world…
Dry Bulk Index Up Slightly
The Baltic Dry Index (BDI) rose one point to 1,429, the Baltic Panamax Index (BPI) gained three points to 1,560 and the Baltic Handymax Index (BHI) firmed 35 points to 9…
Rates Slashed On Five European Oil Giants
Morgan Stanley said on Wednesday it had cut ratings and price targets on five European oil service companies on fears the sector was not immune to a possible U.S. recession and global slowdown.
Carnival Cruise Lines Takes Delivery of Carnival Spirit
Carnival Cruise Lines, a unit of Carnival received its newest fun ship – the $375 million, 88,500-ton Carnival Spirit, during the traditional "hand-over" ceremony…
Cammell Laird’s Woes Continue
Trade in the shares and bonds of troubled British shipbuilder Cammell Laird was suspended on Wednesday, leaving investors and workers fearing the worst ahead of…
Incat Vessels To Debut With Ventouris
Incat, the Austalian-based builder of high speed craft which recently linked with Bollinger Shipyards to build its wave-piercing catamarans in the U.S., recently…
Hopkins Awarded the 2000 Thomas Crowley Trophy
Michael Y. Hopkins, Vice President, Operations for Crowley Liner Services' Latin America division, was awarded the 2000 Thomas Crowley Trophy, Crowley Maritime Corporation's highest honor…
Sembcorp Marine Acquires A 50 Percent Stake In PPL Shipyard
SembCorp Marine has signed a Sale and Purchase Agreement with PPL Holdings Pte Ltd to acquire a 50 percent equity stake comprising 10,000,000 shares of $1.00 each in PPL Shipyard Pte Ltd.
Hyper-Accelerated Corrosion Found In Doomed Tanker
Investigators hoping to find the cause of why an assumed healthy ship developed a near fatal deckplate crack - an incident which led to a 39-day saga which will…
Varna Shipyard Could Be Up By July
Cammell Laird said Bulgaria's dormant, state-controlled Varna shipyard could be up and running again by July if its bid for the indebted yard is approved by Bulgarian courts.
As Mississippi Rises, Locks Close
River locks around St. Paul and Minneapolis, Minn. were expected to close on Tuesday due to rising water conditions, further delaying the latest tow arrival to St. Paul in the last 30 years.
Moody's Downgrades ACL
Moody's Investors Service downgraded the ratings of American Commercial Lines LLC's $535 million senior secured bank facility to B1 from Ba2 and the $300 million…
Budget Proposal Raises Transport Spending
Overall federal transportation spending would rise by 1.5 percent to $61.93 billion in the coming fiscal year under the White House budget proposal submitted to Congress.
Seacor's Fabrikant Earns 140% Bonus Boost
Seacor Smit Inc. raised its CEO's bonus 140 percent last year as the provider of offshore marine services to the oil and gas industry reported higher revenue and net income.
MMA To Host Fishing, Ferry Industry Event
The Ship Operations Cooperative Program (SOCP) invites the maritime industry to attend the next SOCP meeting on June 12-13, 2001 at Massachusetts Maritime Academy in Buzzards Bay, Massachusetts.
STN Atlas Lands $2.5 Million Norwegian Contract
Bremen-based STN Atlas Elektronik has been awarded a contract worth $2.5 million by the Norwegian National Coastal Administration for design and installation of…
