Maritime Industry Top News
Texaco Gets Kudos For Turnaround in Racial Policy
Texaco Inc., continuing to recover from a record $175 million racial bias case settlement and the bad publicity surrounding it, was reportedly recognized by an African…
Ship Repair & Conversion Prospects
While it is difficult to find an industry where fierce competition and price wars are not the hallmarks, it seems at times that the ship repair industry has created and patented the formula.
Eurotunnel Invests To Double Capacity
Eurotunnel Plc is reportedly prepared to spend close to $400 million to double its freight capacity by the year 2003.
Eurotunnel Invests To Double Capacity
Eurotunnel Plc is reportedly prepared to spend close to $400 million to double its freight capacity by the year 2003.
Ship Sales
Tanker Sentinel - (built 1986) 106,722 dwt sold for $14.4 million. Tanker Bow Explorer - (built 1975) 31,501 dwt sold to Vulcanus for $4 million. Tanker Jo Breid - (built 1981) 26…
Shipsales
Tanker Sentinel - (built 1986) 106,722 dwt sold for $14.4 million. Tanker Bow Explorer - (built 1975) 31,501 dwt sold to Vulcanus for $4 million. Tanker Jo Breid - (built 1981) 26…
Shipsales
Tanker Sentinel - (built 1986) 106,722 dwt sold for $14.4 million. Tanker Bow Explorer - (built 1975) 31,501 dwt sold to Vulcanus for $4 million. Tanker Jo Breid - (built 1981) 26…
Mitsubishi To Build Cargo Quay In Port of Poti
Mitsubishi is said to be spending nearly $65 million to build a new cargo quay at the port of Poti on Georgia's Black Sea coast.
Bunker Prices Ease
NWE bunker prices eased slightly today, but the market segmentation by dates continued to make assessments difficult for very prompt supplies, traders said. Bunker…
Tug Operator Completes Takeover
Tugboat operator Adsteam Marine Ltd. has completed its purchase of rival Newcastle operator Hunter Towage Services Pty Ltd. venture with Howard Smith Ltd.
EU O.K.s Sat Plan
The EU -- unhappy with its dependance on U.S. and Russian operated satellite navigation systems -- has taken a step further in launching its own. The European Union…
Safmarine MD, Safren CEO Step Down
South Africa's Safmarine Container Lines reported that its Managing Director and Safren Chief Executive Tony Farr had stepped down. Moeller, which owns the world's…
Tidewater Sells North Sea Boats
Tidewater Inc. will sell its North Sea safety-standby boats to BUE Marine Limited of Edinburgh, Scotland. The $40 million all-cash deal is expected to close by late June.
Senate O.K.s U.S. Waterways Improvement Bill
The U.S. Senate passed legislation to improve transportation on the Mississippi and Illinois Rivers for Midwestern farmers shipping bulk commodities. The legislation…
Japanese Foreign Ship Orders Up
Japanese shipyards in May received foreign ship orders for 16 vessels, or 669,000 grt, up 371.8 percent from May 1998, the Japan Ship Exporters' Association said.
FirstWave/Newpark Awarded Trio Of Contracts
Providing ship repair, conversion, new construction and related services for barges and other vessels, FirstWave/Newpark Shipbuilding has garnered three new contracts.
Algoma Grants Unique Contract To CSE
Algoma Central Marine has awarded a $5.5 million contract to Canadian Shipbuilding & Engineering for the conversion of a single-hulled tanker, 431 ft. (131.5 m) M.V.
Tidewater Signs Agreement Of Intent
Tidewater, Inc. has signed an agreement of intent to acquire six newbuild vessels from Hvide Marine Incorporated, for an aggregate price of $22 million. Closing…
AlliedSignal And MTU Combine For Industrial And Marine GT Business
AlliedSignal and MTU München, a subsidiary of DaimlerChrysler Aerospace, have agreed to form a $100 million joint venture company named Vericor Power Systems. The new company will market…
EU Adopts Anti-Dumpings At Sea Rules
European Union transport ministers approved rules which aim to prevent ships from dumping waste at sea. The new law will require all EU ports to build adequate facilities…
