Maritime Industry Top News
Hyundai Heavy Plans IPO In August
Hyundai Heavy Industries Co. reportedly decided on an initial public offering in August to list its shares on the Korea Stock Exchange.
Hyundai Heavy Plans IPO In August
Hyundai Heavy Industries Co. reportedly decided on an initial public offering in August to list its shares on the Korea Stock Exchange.
Contship Links India, U.S. Shipping Services
Contship Containerlines has reportedly initiated a fixed-day weekly service connecting the Indian sub-continent with ports on the U.S. East Coast.
Contship Links India, U.S. Shipping Services
Contship Containerlines has reportedly initiated a fixed-day weekly service connecting the Indian sub-continent with ports on the U.S. East Coast.
IHC Caland Receives NLG 200M In Orders
IHC Caland NV reportedly received $94.3 million in new orders, bringing its current order portfolio to $471.5 million.
NOL Chief Aims To Beat The Odds
Neptune Orient Lines' (NOL) new CEO Flemming Jacobs reportedly announced his top priority was to turn around the indebted Singapore-based shipping group.
Defendants Acquitted In Miami Port Corruption Trial
The former boss of Miami's seaport, the cruise capital of the world, was reportedly acquitted of charges he stole $1.6 million in public money to spend on entertainingā¦
Baker Hughes To Record Second Quarter Tax Benefit
Baker Hughes Inc. will reportedly recognize a tax benefit of $20 million in the second quarter as a result of an agreement with the U.S. Internal Revenue Serviceā¦
Merger Throws European Steel Sector In Spotlight
Confirmation of merger talks between British Steel and Dutch group Hoogovens reportedly threw Europe's struggling steel sector into the spotlight as investors bet on the next takeover targets.
Kosovo Causes German Barge Shipping Losses
The blockage of the Danube in the Kosovo conflict is reportedly halting 80,000 tons of monthly shipments to and from Germany's inland waterways.
Daewoo Wins $65M Omani Port Deal
Oman reportedly signed a $65.5 million deal with South Korea's Daewoo Corp. to build a reef for a port in northern Oman.
Hyundai Heavy Aiming For KSE Listing
South Korea's leading shipbuilding firm Hyundai Heavy Industries Co. reportedly aims to list its shares on the Korea Stock Exchange in several months.
Obasanjo Insists on Bids For Nigerian Oil Blocks
Nigeria's new President Olusegun Obasanjo reportedly announced that future oil prospecting concessions would only be allocated through competitive bidding.
N.Hydro Says To Present Saga Bid Next Week
Norsk Hydro is reportedly planning to present a formal takeover bid for oil firm Saga Petroleum next week.
Statoil Says Withdraws Smedvig Lease Concelation
Statoil has reportedly withdrawn its cancellation of a one-year lease for the drilling vessel West Navion, owned 50-50 by Statoil's unit Navion and offshore firm Smedvig
Moody's Confirms Newport News Shipbuilding
Moody's Investors Service reportedly confirmed its debt ratings for Newport News Shipbuilding Inc following the announcement that Newport News will not increaseā¦
Safmarine Calls Court Action Spurious
South African Marine Corp Ltd (Safmarine) will reportedly fight a court application to liquidate the company and denied that it could not pay debts linked to its charter unit.
Slovak Shipmaker May Face Crisis Due to Kosovo
Shipyard Slovenske Lodenice Komarno reportedly faces serious delivery problems due to the blockage of transport on the Danube in Yugoslavia.
Litton Wins Battle Over Avondale
Litton Industries Inc. reportedly sealed a deal to buy Avondale Industries Inc. and said it would press ahead with efforts to acquire Newport News Shipbuilding Inc. despite Pentagon opposition.
Evergreen in $3B Cruise Fleet Plan
Taiwan's shipping giant Evergreen Marine Corp said it plans to invest a massive $3 billion to build a cruise fleet to cope with the world's bullish tourism business.
