NNS decision a "few weeks" away Reuters is reporting Under Secretary of DefenseJacques Gansler as saying that the Pentagon will decide within "the next few weeks" whether to recommend General Dynamics proposed acquisition of Newport News Shipbuilding Inc.
Deepwater contract for ABB unit Demonstrating that deepwater E&P activity is still generating major orders, A U.S.-based unit of ABB has won a $15 million contract to construct the complete riser system for a new build drillship
Fewer Norwegian owners pay corporate tax Total tax levied on Norwegian shipowners last year was NOK 173.5 million, compared with NOK 131.5 million the previous year. Despite this, the number of shipowners who fulfil the criteria for zero corporate tax nearly trebled, from 213 to 670
World shipbuilding orderbook "stabilizes" The world ship orderbook has stabilized, according to Lloyd's Register. Its latest quarterlyWorld Shipbuilding Statistics shows that, to the quarter ended December 1998, the total world orderbook stands at 57.4 million gross tons, a drop of less than one per cent over the previous quarter and an increase of 0.8 million gt on the same quarter of the previous year.
Hull insurers hit by premium shortfall Marine hull premiums are generating only 50% of the income the London market needs to meet commitments when there are casualties, a leading underwriter claims
Yeltsin raises the stakes with world war warning RUSSIA dramatically upped the stakes over the escalating Yugoslav war yesterday when president Boris Yeltsin warned Nato that use of ground forces could spark a wider European, or even a world war.
Yugoslav sailors held in Florida after US invokes new national security policy THREE Yugoslav sailors were being held under guard aboard a docked ship in Florida last night under a new national security policy aimed at preventing spying and sabotage.
Finnish shipyards hope for more state subsidies Finland's shipyards are hoping that the change in government will mean better news on state subsidies, which were eliminated in last year's budget.
ICTSI seeks funds to pay off maturing debts Listed International Container Terminal Services, Inc. (ICTSI) wants to raise Peso1.0bn ($26m) worth of commercial papers to pay its maturing financial obligations and to fund its capital expenditures.
Jacobs relishes the challenge of reviving Neptune Orient Lines FLEMMING JACOBS' decision to resign from one of the most respected teams in shipping to take over one of the most challenging has left industry colleagues stunned.
Brazil plans new legal framework to end confusion in multimodal industry BRAZIL'S congress will approve a new multimodal law in the latest attempt to sort out an industry which is still struggling to take off in South America.
Oil sector to be offered stake in Indian shipping company INDIA is looking to dilute its government held majority stake in Shipping Corporation of India by offering up to 40% of company shares to the country's oil sector.
World oil stocks set for hefty cut World oil stocks will be shaved by 330m barrels by the end of this year as a result of the latest Opec agreement, says the International Energy Agency, the oil industry watchdog, in its latest monthly report.
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