Maritime Industry Top News
Keppel Corp. Appoints New Director
Sven Bang Ullring has been appointed to the Board of Keppel Corp., effective July 1, 2000. Ullring has extensive experience in the field of engineering, having been…
International Ship Valuation Panel Formed
An International Ship Valuation Panel has been created to provide service to the maritime community by offering the all-encompassing opinion of ship values from…
NNS Receives Top Notch Rating
Newport News Shipbuilding (NNS) has received the U.S. Government's highest rating for excellence in workplace health and safety. Federal Authorities from the Occupational…
Damen Group Acquires Kvaerner Fjellstrand Yard
Damen Shipyards Group has formulated an agreement with Kvaerner ASA to acquire the Singapore shipyard, Kvaerner Fjellstrand. An agreement has been signed for the…
ABS Is Authorized By USCG
The U.S. Coast Guard has authorized ABS to act on its behalf to issue the Document of Compliance (DOC) for U.S.-flag vessels transporting dangerous goods under SOLAS 74.
NOL Elects Deputy Chair And New Directors
NOL has named Cheng Wai Keung as deputy chairman, and has further expanded by appointing Marvin J. Girouard and Dr. Friedbert Malt as non-executive directors. Keung…
Fortrum Acquires Icebreaker Duo
Fortrum Shipping has attained a pair of icebreaking 106,000-tdw crude oil carriers from Sumitomo Heavy Industries. The contract, which was signed on June 30 in Helsinki…
Keppel Hitachi Zosen Wins $74.6 million Contract
Keppel Hitachi Zosen has clinched a contract to build two cable laying and repair vessels for a total contract value of more than $74.6 million from C. S. Tycom Reliance…
Bath Iron Works Lands $9.2 Million Project
The Office Of Naval Research awarded $9.2 million to General Dynamics Bath Iron Works to design and manufacture an advanced propulsion system for a technical demonstration vessel.
Commission Urged to Mandate Marine
AMRIE (The Alliance of Maritime Regional Interests in Europe) will today present a series of recommendations aimed at improving levels of oil tanker safety in response…
The E-Commerce Revolution
In the last six months, the shipping industry has seen the marine B2B market grow from nothing into a highly competitive race between e-commerce ventures to attract…
Shipping Water Via Water
Finland's largest waterworks Helsingin Vesi is investigating shipping water to the United Arab Emirates, after it had been approached by a consultancy firm hired by the UAE to deliver up to 450…
HHI Ship Order Soar, But Profits Fall
Korea's Hyundai Heavy Industries -- the world's largest shipbuilder -- said it expects this year's net profit to tumble as it had to write off losses stemming from its sister firms.
EC To Investigate Spanish Payments
The European Commission will open a formal investigation into plans by Spanish state holding company SEPI to pay $57 million (10 billion pesetas) to buy a number…
Aker Takes Major Stake In Kvaerner
Aker Maritime has acquired control of about one fourth of Kvaerner for a reported $350 million (3 billion crowns). The purchase made the industrial holding firm…
Cammell Laird Reports Profit
British shipbuilder and repairer Cammell Laird Holdings Plc reported pre-tax profit for the year of 16.6 million pounds, an increase of 54 percent on the previous year.
Black Sea Shipping Owes $95M
Ukraine's Black Sea Shipping company has $95 million in foreign debts which the government aims to restructure and pay off by next year. The Black Sea shipping company…
Algowood Limps Into Port Weller Drydock
The Canadian-flag bulker Algowood was expected to arrive under tow at Port Weller dry docks, Ontario, on July 15. Repairs to the 31,940 dwt bulker are estimated…
BAE, VT Gets Government Contracts
The UK government threw a one billion pound lifeline to Britain's shipbuilding industry, awarding contracts for three new warships to defense groups BAE Systems…
Vopak Executive Quits Over Strategy
Dutch shipping and tank storage firm Vopak NV said a member of its executive board had resigned due to "differences of opinion" regarding the company's future. Van…
