Maritime Industry Top News
Sait-Stento To Divest Sait Communications
Sait-Stento has signed a Memorandum of Understanding with Telenor Broadband Services, a subsidiary of Telenor with plans to sell all of its shares in Sait Communications…
Heindenreich Marine Develops Product Tanker Pool
Heindenreich Marine has created a new global clean petroleum product tanker pool - Dorado Tankers - to be managed from Heidmar's new office in Darien, Conn. The…
Aker Constructs Vessel Trio For Scottish Northlink
Aker Finnyards and Northlink, a joint venture of Caledonian MacBrayne and Royal Bank of Scotland, have agreed to build two passenger RoRo vessels for the ferry service…
Damaged Tanker Held By Coast Guard
A damaged tanker, Castor, carrying 29,000 tons of gasoline is being held outside Moroccan waters by the Coastguard, its Greek operator Athenian Sea Carriers said.
BDI Down Slightly
The Baltic Dry Index (BDI) shed two points to 1,594, the Baltic Panamax Index (BPI) gained five points to 1,573, the Baltic Handymax Index fell 32 points to 9,311…
Frontline Buys Back Shares
Frontline has through market purchases executed January 3, 2001 bought back 257,300 of the Company's common shares. The shares have been bought back at a price of NOK 109.82.
Pakistan Gas Demand Expected To Double
Pakistan's demand for natural gas is anticipated to double by the year 2005, an increase which the country require an increase in gas imports, the state-run Sui Southern Gas Company (SSGC) said.
IHC Caland Wins Multiple Orders
IHC Caland NV won orders worth about $141.9 million. The orders include building a RoRo ferry for a French client, an offshore support vessel for a British firm…
Halter Marine Gets $400 Million Project For Egyptian Navy
Halter Marine has been chosen by the Egyptian Navy to construct four Ambassador MK III Fast Missile Patrol Craft (FMC). The vessels will be the continuation of the Ambassador Class Patrol Craft…
Coflexip Stena Offshore Continues Fleet Modernization
Coflexip Stena Offshore reported that its decision to take the vessel FlexService out of commission. The CSO fleet, which is known as one of the largest in the industry…
Haji-Ioannou Considers Buying Osprey's Clean Tankers
Airline chief Stelios Haji-Ioannou's tanker company Stelmar has abandoned its bid for the First International fleet of clean tankers and is now reportedly considering…
Festival Cruise Signs With MTN
Maritime Telecommunications Network, Inc. (MTN) signed a five-year agreement with Festival Cruises, Inc., effectively equipping the company's next two newbuilds…
Haji-Ioannou Considers Buying Osprey's Clean Tankers
Airline chief Stelios Haji-Ioannou's tanker company Stelmar has abandoned its bid for the First International fleet of clean tankers and is now reportedly considering…
Westfalia Separator Tapped By NASSCO
Westfalia Separator has received an order from NASSCO for fuel oil and lube oil separators to be implemented on a pair of ice strengthened, environmentally safe…
LMS Wins RFA Ship Refit Contract
The Ministry of Defense has awarded a contract to Litton Marine Systems to install an ISIS 2500 alarm monitoring and condition assessment system on the auxiliary supply ship RFA Ft. Rosalie.
Watch Out For Dispute Resolution Pitfalls
London law firm Lawrence Graham says users of dispute resolution services should be aware of pitfalls arising in relation to claims for interest under the Arbitration Act 1996.
Wärtsilä Logs More Orders For Innovative Sulzer Engine
Wärtsilä Corporation has received the second order for Sulzer RT-flex diesel engines, which are powerplants that apply common-rail fuel injection with full electronic…
Mersey Docks To Create Jobs
British port operator Mersey Docks said more than 300 jobs will be created by two developments at the port of Sheerness on the Isle of Sheppey off the north coast of Kent.
Bulker, Freighter Collide
The Panama-flag bulker China Prospect was involved in a collision on January 2, off Flushing, Netherlands, with the German-flag freighter Veerseborg, Reuters reported.
Finnlines Consolidates, Announces Appointments
Finnlines' subsidiaries, Finncarriers Oy Ab, a company specialized at sea transportation and FG-Shipping Oy Ab, a company specialized at ship management and technology…
