Royal Caribbean orders second 'Project Vantage' Ship Royal Caribbean Cruises Ltd. has exercised its option with Meyer Werft,Papenburg, Germany, to build a second 85,000-ton Vantage class vessel for Royal Caribbean International at a contract cost of approximately $350 million.
Empress port official cleared THE Milford Haven harbourmaster who faced criminal charges over the Sea Empress supertanker disaster off the West Wales coast has walked free from court.
Five killed in blast on Athenian Fidelity Five crew have been killed and three injured in an explosion aboard the Cyprus flag tanker Athenian Fidelity, just a week after another tanker operated by the same company was hit by a blast.
Islamic ship financing deal claimed as a first BANKERS have completed what is claimed to be the first syndicated Islamic structure for financing a shipbuilding order.
Yangming finalises cash for boxships TAIWAN-BASED Yangming Marine Transport's UK subsidiary has completed a $180m financing for three 5,500 teu containerships under construction at South Korea's Hyundai Heavy Industries.
Plea over missing Filipino crew Families of 19 missing Filipino crewmen have appealed to Philippine president Joseph Estrada for help after claiming that their relatives may be being held hostage by pirates.
Daewoo upset over Hyundai offensive SOUTH Korean shipbuilder Daewoo Heavy Industries is infuriated by the Seoul government's move to allow shipbuilding rival Hyundai Heavy Industries to participate in the bidding for the country's next generation of military submarines.
P&I club reconsiders fixed future The Liverpool & London Steam-ship Protection and Indemnity Association is to look again at the possibility of becoming a fixed premium P&I facility following the February renewal.
Singapore vying for world top box slot SINGAPORE handled more than 15m teu for the first time last year - a figure which could make it the world's busiest container port.
RCL orders second Vantage vessel MIAMI-based Royal Caribbean Cruises (RCL) has ordered a second 85,000 grt Vantage class vessel for Royal Caribbean International at a cost of $350 m.
Sea Empress port pleads guilty MILFORD Haven Port Authority (MHPA) has accepted responsibility for the pollution caused by the grounding of the Sea Empress in February 1996.
Strike called at Aker Finnyards ALMOST 900 staff at Aker Finnyards' shipyard went on a two-day strike today in protest against job losses at the Rauma-based company.
Singapore passes 15m teu mark SINGAPORE'S PSA Corp today unveiled port throughput figures of 15.1m teu for 1998.
Osprey dismisses ' jeopardy' rumours SINGAPORE tanker owner Osprey Maritime has issued a statement stressing that it is financially sound in response to reports of growing debt and shaky links to the Suharto family.
Row erupts over Canadian pilotage A RIFT between Canadian and foreign owners has arisen during a review of marine pilotage by Canadian authorities as domestic owners seek cost cutting pilotage exemption certificates.
Greenpeace targets 'toxic' P&O Nedlloyd ship GREENPEACE activists staged their first ever protest in Singapore yesterday stating that a 1969-built P&O Nedlloyd containership en route to be scrapped in China was 'toxic'.
Colombo consortium lists equipment needs THE international consortium which will lease Colombo Port's new container terminal is going ahead with plans to acquire new equipment despite a delay in signing the final agreement.
INSA claims India could reserve cargoes INDIAN cargoes could become reserved for Indian shipping lines, according to BL Mehta, outgoing president of the Indian national Shipowners Association (INSA).
Talks imminent on Maltese terminal A CONSORTIUM will shortly open negotiations with the Maltese government for the construction and operation of the Valletta Grand Harbour sea passenger terminal.
Dangerous cargo suggested cause of fire DANGEROUS cargo may have been the cause of a fire on board the Liberian-flagged containership Aconcagua last week in Ecuadorian waters off Guayaquil.
Mærsk launches Euro-Caribbean service MÆRSK Line has announced a direct service between Europe and the French Antilles, Guadeloupe and Trinidad & Tobago.
Spain starts work on inland 'port' CONSTRUCTION began yesterday of a 80,000-100,000 teu inland container centre that will have rail links with the Spanish ports of Barcelona, Valencia, Bilbao and Algeciras.
Cat links Miami with Nassau A NEW fast ferry service has started between Miami and Nassau in the Bahamas.
New Oil Investments In U.K. North Sea Down $4 Billion Depressed prices reportedly slashed the amount of new oil investment approved for Britain's part of the North Sea by more than $4 billion last year.
Big Oil Companies Brace For Brutal Earnings Season The weakest crude oil prices in 12 years have sparked massive layoffs and mergers on an unprecedented scale and now, big oil is set to report the largest percentage drop in annual earnings since 1992.
Panama Canal Denies Pilot Manning Threaten Safety An assertion that safety on the Panama Canal would be threatened by reported plans to cut pilot manning were denied by the Panama Canal Commission. The Panama Canal Pilots Association reported earlier that the Canal had proposed not rehiring American pilots who guide ships through the waterway as part of its plans to cut the number of pilots on the largest ships.
U.K. Firm Wins Tender For Abidjan Port Extension A consortium led by Britain's Transport and Communications International Corp. Ltd. (TCI) reportedly won a tender to extend the port of Abidjan and build a related free trade zone for $125 million.
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