Maritime Industry Top News
Nickel Ship Sinks
Inco Ltd., the western world's biggest nickel producer, said a ship carrying 2,200 tons of nickel in matte from its Indonesian unit PT Inco, worth an estimated $13 million…
AAPA: Study Proves Need For Improvement
The American Association of Port Authorities (AAPA) welcomed the recent release of the U.S. Department of Transportation (U.S. DOT) "Report to Congress on National…
Alabama Shipyard to Build Two OSVs for Hornbeck Offshore Services
Atlantic Marine, Inc. has signed a contract with Hornbeck Offshore Services, Inc. of Mandeville, Louisiana to build two (2) large, high capacity, Offshore Supply…
Plans Laid For Aircraft Carrier Bosphorus Transit
Turkish shipping experts will meet soon to discuss how to safely sail a giant aircraft carrier without engines through the Bosphorus that bisects the country's biggest city…
Carib Tanker Rates Tank In New Year
Caribbean dirty tanker trades have sustained a massive hit, tumbling from W255 at the end of last week to W202.5, New York brokers said. "The holiday doldrums have…
NOL To Buy GATX Logistics For $210M
Shares of Singapore shipping and logistics firm Neptune Orient Lines (NOL) rose 7.5 percent on Tuesday, buoyed by its deal to buy U.S.-based GATX Logistics for $210.5 million in cash.
Oil Prices Steady
Oil prices steadied on Tuesday after a technical rout the previous day wiped more than 60 cents off a barrel of crude, although prices remain firm on expectations OPEC will curb output soon. U.S.
Singapore Bunker Market Is Under Pressure
The Singapore bunker fuel market is coming under mounting pressure from arrivals of arbitrage cargoes of high-viscosity fuel oil in January and February, traders said.
Ecuador Banana Exports Plummet
Ecuador's banana exports dropped 10.6 percent in 2000 compared with 1999, due to an oversupply of the fruit in international markets, the Corporation for the Promotion…
Warmer Temperatures, But Mississippi Traffic Still Slow
Warmer temperatures across the U.S. Midwest were seen easing navigation on the Mississippi River near St. Louis but barge traffic continued slow on the Illinois River due to ice buildup…
Experts Mull Risks Of Mid-Sea Gasoline Transfer
Salvage workers and shipping experts were studying a possible mid-sea transfer of nearly 30,000 tons of gasoline from a damaged tanker at risk of exploding, the ship's operators said.
World Renowned Propeller Expert To Retire
After a career leading the modernization of U.S. ship and submarine technology, Dr. William B. Morgan, Head of the Carderock Division's Hydromechanics Directorate…
U.S. Oil Prices March Forward
U.S. By early afternoon, crude oil for February delivery on the New York Mercantile Exchange was trading at $28.30 a barrel, a 35-cent rise, taking total gains in…
Bulker Sustains Damage
The U.S.-flag bulker Paul R.Tregurtha sustained damage after striking the bed of St. Mary's river in the U.S., on January 7, Reuters reported. The 69,172-dwt vessel proceeded to St.
IMO Calls For Ship Safe Haven Measure
The International Maritime Organization (IMO) called on Monday for measures to ensure refuge for troubled ships like the Greek tanker Castor, which was last week…
Rhine River Shipments Hampered By High Water
Barge movements on Germany's Rhine river are being hampered by high water levels, a manager of a lower Rhine loading terminal said. "The river is standing at about 7.5 m today.
A.P. Moeller Hopes To Maintain 2001 Oil Production
Oil and shipping group A.P. Moeller said it hoped to maintain its record North Sea oil production in 2001 at 300,000 barrels per day (bpd). Danish Underground Consortium (DUC), in which A.P.
Vessel Sinks, Eight Drown
At least eight crew members of a Panama-registered cargo ship drowned after the vessel sank off Japan on Sunday, the Japanese coastguard said on Monday. The 3,561-ton White Koowa…
SENESCO To Construct Walking Spud Barge
The Southeastern New England Shipbuilding Corp. (SENESCO) will build a 165 ft. dredge barge that will have the ability to walk along harbor floors. Boasting a trio…
Kvichak To Construct And Design Barge Group
Resulting from the recent developments in oil spill preparedness in the state of Alaska, various cruise ship operators have contracted Amak Towing of Ketchikan to…
