Maritime Industry Top News
Oil, Gas Rig Numbers Drop
The number of rigs exploring for oil and natural gas in North America fell by 62 during the week ending September 8, led by a 55 rig decrease in Canada and helped…
Japanese Shipyard Expected To Integrate
Three Japanese shipbuilders are expected by the end of the week to sign an agreement to integrate their operations, Reuters reported. According to the report, Kawasaki Heavy Industries Ltd.…
Royal Caribbean Raises Dividend
Royal Caribbean Cruises Ltd. directors raised the quarterly dividend to $0.13 per share from the $.011 paid previously. The company said the dividend will be paid Sept.
P&O Unit Reports Rise In Container Traffic
Peninsular and Oriental Steam Navigation Co.'s Sri Lanka unit reported a sharp increase in container handling in its first year of operation to August 2000. "In just 12 months…
Mississippi Dredging To Continue In Low Water
Low water on the upper Mississippi River will continue to prompt dredging activities to promote safe navigation of barges and other vessels in coming months, the U.S. Army Corps of Engineers said.
Cammell Laird Extends Repair Reach West
Following quickly on the heels of an overseas investment deal in Marseilles, Cammell Laird (Holdings) has increased its involvement in the overseas repair and conversion…
Empire WaterLink Offers Alternative Airport Transportation
In order to ease the inconvenience of the New York-Metro area's congested roadways due to an increased passenger base, Empire WaterLink (Empire) has leased a building located in downtown South Amboy…
Bollinger Delivers 1,734-ft. Worth Of Barge
Bollinger Marine Fabricators earned a place in the record books in June with the delivery of seven barges totaling 1,734 ft. (528.5 m). The yard's workscope includes…
Austal USA Appoints Senior Management Team
Austal USA has appointed two senior members of Austal Ships to Austal USA in Mobile, Ala. to join Bill Pfister, vice president of Marketing and Administration. In…
GE's Gear Plant Receives U.S. Navy's Theater Surface Team Award
GE Marine Engines' Lynn, Mass. Gear Plant recently received the U.S. Navy's Theater Surface Combatant Team Award for Excellence for the prompt effort performed on…
Marinetalk.Com Re-Launches And Updates
Known as the "Internet Portal for Marine Professionals," MarineTalk.com launched the latest version of its Web site. Maintaining all of the existing features that MarineTalk users have experienced…
Seabulk Branches Out To Transhipment With New Office
Seabulk Systems has opened a new office in Montreal to handle transhipment opportunities on the U.S. and Canadian East Coast. A new-patented Capesize vessel unloader…
DuPont Canada Acquires Majority Ownership In Brookdale
DuPont Canada Inc. Vancouver-based manufacturer of the Emergency Escape Smoke Hood. After several months of negotiations, an agreement was reached between the two companies in July.
Vice Admiral Card joins ABS
Vice Admiral James C. Card, recently retired Vice Commandant of the U.S. Coast Guard (USCG) has been appointed vice president - Technology at the American Bureau of Shipping (ABS).
SpecTec Group Secures Agreement With Saipem
SpecTec Italy, the Italian conglomerate of SpecTec Group, announced that Saipem, ENI'S offshore branch, will allow SpecTec to implement AMOS software onboard all Saipem offshore rigs…
VTS Slated For Hong Kong
Pacific Century CyberWorks Ltd. said its PCCW-HKT telecommunications unit on Wednesday signed an agreement to provide advanced vessel traffic monitoring systems for the Hong Kong Marine Department.
Freighter Hits Pier In Panama
The Maltese-flag bulk carrier Fortuna Europa collided with pier no.14 of the Balboa-Hutchinson terminal, Panama, on Tuesday after experiencing steering/engine problems, Reuters reported.
US Vessel Breaks Canal Record
A U.S.-flagged ship, the USNS Red Cloud, paid a record toll of $184,338.39 for passing through the Panama Canal, the waterway's administration said on Friday. The 950-ft.
Suez Canal Receipts Increase
Egypt's Suez Canal income rose to $169 million in July from $165.9 million in June and from $149 million in July 1999, the Cabinet Information and Decision Support…
Dry Cargo Rates Continue Rise In Quiet Market
Dry cargo rates continued to rise on Tuesday, but the market was quiet following Monday's Labor Day holiday in the U.S., brokers said. Cargill chartered the Ken Pan built in 1984 to ship 31…
