Mylonas to sue Cyprus One of Cyprus' largest shipowners has hit back fiercely at the island's maritime administration with a $10m lawsuit for allegedly defaming his company in fall-out from a tougher Cypriot safety policy unveiled recently.
Nato on Kosovo standby Royal Air Force Chinook helicopters in FYR Macedonia work to prepare Nato ground forces for entry into Kosovo. Nato was put on a four-hour stand-by yesterday pending the outcome of talks between Nato generals and Yugoslav military negotiators over the withdrawal of Serbian forces from Kosovo.
Golden Ocean in rescue talks Golden Ocean is next week meeting the holders of the company's $290m junk bonds to discuss restructuring the issue which is helping to finance the world's largest VLCC newbuilding programme.
Wijsmuller profits climb as it issues first annual report in group history Dutch towage, port services and salvage group Wijsmuller reported net profit of Fls15.1m ($6.5) for last year, topping the previous year's record profits of Fls13.9m.
Chandlers fight back in food safety scare FURIOUS Belgian ship suppliers have lashed out at unnamed rivals, alleging they have been spreading rumours that Belgian firms have been suppyling contaminated food.
Brussels clears rescue aid THE European Commission said it has cleared Dm8.45m ($4.4m) in German state aid to support Wismarer Propeller und Maschinenfabrik, another company to be rescued after the collapse of Germany's Bremer Vulkan shipyard group, writes Nigel Tutt.
Bangemann slams Korea over Halla and Daedong European Commissioner for industry Martin Bangemann told the South Korean government that he believes International Monetary Fund money has been misused to prop up the Halla and Daedong shipyards, which would otherwise have gone bankrupt, a commission spokesman said.
Panama cronyism row hits new heights A ROW over alleged cronyism in key appointments is reaching huge proportions in Panama, as president Ernesto Perez Balladares reaches the end of his term of office.
Overseas Shipholding Orders Four Tankers Overseas Shipholding Group Inc. reportedly ordered four Aframax tankers from South Korean shipbuilder Hyundai Heavy Industries.
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.
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 entertaining colleagues and funding political campaigns.
Overseas Shipholding Orders Four Tankers Overseas Shipholding Group Inc. reportedly ordered four Aframax tankers from South Korean shipbuilder Hyundai Heavy Industries.
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.
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 entertaining colleagues and funding political campaigns.
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