Maritime Industry Top News
Oil Giants Rally To Landmark Brazil Auction
International oil companies reportedly rallied to Brazil's first-ever oil exploration auction, putting up a surprisingly high $93 million for the right to explore…
Teekay Completes Bona Shipholding Acquisition
Teekay Shipping Corp. has completed its cash and stock acquisition of Bona Shipholding Ltd. Under the deal, Bona’s shares were converted into a right to receive…
Dutch Offshore Activity On The Rise
Offshore oil and gas drilling continued to increase in the Dutch sector in the week ending June 9, with the rest of northwest Europe lagging behind last year’s levels…
Cast To Cut North Atlantic Shipping Times
Containershipping company Cast will reportedly cut transit times on the North Atlantic as it introduces three new ships this summer. Transit cuts would include Zeebrugge…
Norway Coast Guard Blames Greenpeace For Collision
Norway’s coastguard reportedly accused Greenpeace of causing a collision at sea in which an environmentalist was seriously injured during an anti-whaling protest.
Saga Petroleum Chair Quits
The chairman of Saga Petroleum abruptly quit on Monday to protest at parliamentary plans to keep Hydro under state control.
Kvaerner Gets Chem Tanker Contracts
Kvaerner ASA will reportedly build two 37,500-dwt, $115 million chemical tankers for Norway’s Odfjell at its Kvaerner Floroe shipyard. Delivery of the vessels is…
QEII Again Stirs Repair Interests
Interest in the European cruise ship repair market is currently focused on which shipyard will win the $31.3 million contract to repair the 1968-built, 70,327-grt cruiseship Queen Elizabeth II…
Cargo Handling: Molten Sulphur Tanker Sails Four Years Sans Freeze-Ups
The operator of the world’s largest and most modern molten sulphur tanker has enjoyed four years of near-continuous service, thanks in part to the ship’s innovative thermal maintenance system.
Stena Line Charters Two New Ferries For North Sea
Sweden's Stena Line reportedly chartered two new ferries for its Hook of Holland to Harwich route
Buyers Eyeing Kvaerner's Masa-Yards
The head of Kvaerner's Masa-Yards Martin Saarikangas reportedly announced that a group of buyers were in talks to make an offer for the Finnish shipyards.
Buyers Eyeing Kvaerner's Masa-Yards
The head of Kvaerner's Masa-Yards Martin Saarikangas reportedly announced that a group of buyers were in talks to make an offer for the Finnish shipyards.
Bangladesh To Double Tax On Ship Scrapings
Bangladesh reportedly proposed to double tax on scrap ships in second half of fiscal year 2000.
Romania Allocates Funds For Ship Maintenance
Romania's government reportedly allocated funds for the safe operation of ships belonging to state-run Navrom and Romline shipping companies and to rotate and repatriate their crews.
Shipping Firms Urged To Plan For Y2K Failures
Shipping companies are being urged to draw up contingency plans to deal with millennium bug equipment breakdowns over and above preparations they should have already made to be Y2K compliant.
EU Probe Sends Shivers Through Oil Firms
Oil industry insiders reportedly are frightened European Union regulators, in league with their U.S. counterparts, are throwing down the gauntlet to the powerful oil majors…
EU Opens Full Probe Into Exxon/Mobil Merger
The European Union reportedly launched a full-scale probe into the proposed $87 billion merger of Exxon Corp. and Mobil Corp., citing a wide range of concerns about competition in the 15-nation EU.
Kazakhoil Sees Future Offshore
Kazakhstan's state oil company Kazakhoil is reportedly pinning its future on major offshore discoveries on the Caspian shelf.
CVRD Withdraws From Landmark Oil Auction
Companhia Vale do Rio Doce (CVRD) is reportedly withdrawing from next week's landmark auction of oil exploration and production licenses.
EU Expected To Launch Full Exxon Mobil Probe
The European Commission is expected to launch a full-scale probe into the proposed merger of Exxon Corp. and Mobil Corp.
