Hvide files reorganization plan Hvide Marine Incorporated says it has filed a proposed plan of reorganization that, if confirmed, would "deleverage its balance sheet, restore liquidity, and enhance its competitive position ."
Cyprus to toughen registry requirements Opening the four-day "Maritime Cyprus" conference yesterday, Cyprus Minister of Communications and Works Averof Neophytou announced that on 1 January 1999 Cyprus will introduce a new policy for the registration of ships under the Cyprus flag, placing a new ceiling on the age of ships.
R&B Falcon gets drillship commitment from Petrobras R&B Falcon Drilling (International & Deepwater) Inc. has received a letter of intent from Petrobras for a two-year contract for the DP drillship Deepwater Frontier for operations offshore Brazil in up to approximately 8,900 feet of water.
ITIC alerts ship agents to telexed orders scam The International Transport Intermediaries Club (ITIC) has warned ship agents that they could incur substantial costs and heavy fines if they accept instructions from bogus principals operating from a specific telex number in Piraeus, Greece.
Norwegian Sky to repair at Davie Norwegian Cruise Line's Norwegian Sky is being temporarily taken out of service to complete necessary repairs at the Davie Industries Shipyard in Quebec.
Norway launches green ship tax plan IN what could be a world first, Norway yesterday unveiled a proposal to directly link shipowners' tax liability to their environmental performance.
No merger but closer ties say owner groups A GROUP of leading shipping industry trade associations have acted to damp down speculation that they are planning a merger.
P&O Nedlloyd ready for bug ANGLO-DUTCH boxship giant P&O Nedlloyd has pronounced itself fully prepared for the millennium, after two years of hard work and an outlay of millions of dollars on information technology costs alone.
Bovis disposal surprises market P&O yesterday unveiled a fourth major deal in as many working days when the UK's leading shipping group sold its Bovis Construction arm.
Canal pilots condemn visibility rule changes PANAMA Canal pilots have condemned as dangerous changes to visibility requirements for ships transiting the waterway.
Grimaldi committed to port network expansion GRIMALDI Group Naples is to expand its European port network apparently to help it roll out its huge logistics contract for Italian car maker Fiat Auto.
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