Daewoo chief may face investigation Lee Hun-jai , chairman of Korea's Financial Supervisory Commission (FSC) told reporters Tuesday that once ongoing workouts bring Daewoo companies on track, he would ask for an investigation into any possible negligence in the execution of duties by top Daewoo management including chairman Kim Woo-choong.
Smedvig reports increased operating profit for third quarter Stavanger, Norway, based drilling contractor Smedvig today reported net income for the third quarter of NOK 197 million, an increase of NOK 23 million from the previous quarter.
Five missing after Dockwise capsize FIVE seafarers were missing last night after a dramatic accident off Indonesia when the specialised submersible heavylift vessel Mighty Servant 2 capsized while laden with a large oil industry module.
Ten Kurdish stowaways die in Superfast III garage blaze AT least 10 Kurdish stowaways were yesterday found dead on board the passenger ro-ro ferry Superfast III after a garage blaze which forced more than 400 people to abandon the vessel on Monday afternoon.
Bassoe in rates warning A leading Norwegian shipbroker has cast doubt on whether consolidation within the large tanker sector will have the desired impact on freight rates.
Broströms suffers further losses in third quarter Leading product tanker group Broström Van Ommeren Shipping suffered further losses in the third quarter, writes Tony Gray.
Rotterdam box terminal boss to leave job early THE president of Rotterdam container stevedore Europe Combined Terminals Wouter den Dulk has announced he is to retire, earlier than expected.
Harland & Wolff moves back into shiprepair market AFTER a gap of some 18 months, Belfast's Harland & Wolff has announced a return to the shiprepair business.
Paradip tanker terminals damaged PETROLEUM product lightering terminals at India's eastern Paradip port have been severely damaged in the cyclone which ravaged the region last week, government and oil industry officials said yesterday.
Büttner defends Hummel decision THE German operator of a tanker accused of using the wrong northbound lane in the Channel traffic separation system has challenged the French maritime authorities over the issue.
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