Tidewater picks Nautronix to add DP to Bass Strait boat Tidewater Port Jackson Marine Pty Ltd chose Nautronix Ltd 's ASK 4001 Dynamic Positioning (DP) system for its 56 m, 4,500 bhp AHTS Canning Tide.
First MARITECH ASE projects selected The Executive Control Board (ECB) of the National Shipbuilding Research Program (NSRP) has selected 12 research projects for negotiation as part of the new Navy/Industry co-funded MARITECH Advanced Shipbuilding Enterprise (ASE) program.
Swan Hunter in talks for Govan Swan Hunter could be set to throw a lifeline to Kvaerner Govan, the Clydeside shipbuilder threatened with closure if a new owner cannot be found.
Carnival joins the pack in pursuit of Finnish yards Carnival Corp is believed to have joined a clutch of suitors for Kvaerner Masa-Yards in Finland, including Aker RGI, Fincantieri and Mitsubishi.
Groupe Bourbon turns in profits rise of 11% Groupe Bourbon, the French shipping, foodstuffs and distribution group, has announced 1998 net consolidated profits up 11% at FFr181m ($29.96m) and indicated that it expected another increase this year.
Evergreen reassurance on Marubeni Evergreen Marine has revealed that heavy financial losses at long-time business partner Marubeni will not affect the Taiwanese shipping line. Japanese trading house Marubeni said it would post a '20bn ($165m) net loss for the year ended March 31, on the back of large losses and write offs of investments and loans to Indonesia.
Hull underwriting loss ratios could hit 150% The 1997 underwriting year is expected to produce a loss ratio of around 100% for the marine hull class, with the 1998 and 1999 underwriting years showing a further deterioration, Norway's Central Union of Marine Underwriters has warned.
Energy sector withdrawals 'required' A number of significant withdrawals from the energy insurance sector are required before market equilibrium is restored, Norway's Central Union of Marine Underwriters has warned, writes Andrea Felsted.
Mormugao port set for expansion The Mormugao Port Trust, in southern Goa, has embarked on an ambitious expansion drive, to be fuelled mostly by private enterprise.
Challenge to Kandla changes Labourers at the Kandla port have opposed the move of the Kandla Port Trust authorities to allow private parties, including P&O Ports Australia, to run three dry cargo berths, writes our India Correspondent.
U.S. Turns Down General Dynamics Takeover Bid The U.S. government reportedly rejected General Dynamics Corp.'s proposed $1.4 billion takeover of Newport News Shipbuilding Inc., which would have combined the nation's only two submarine builders.
Sea-Land Quitting Service, Reviewing Network Sea-Land Service Inc. is reportedly ending its direct service between Europe and the East Coast of South America as part of a network review.
Europe-Latin America Shipping Rates Seen Rising In May Container shipping rates from Europe to the East Coast of South America will reportedly rise on May 1.
EU Clears Amended Marine Insurance Scheme The European Commission reportedly cleared a new version of a liability-sharing insurance scheme run by the International Group of P&I (Protection and Indemnity) Clubs.
Keppel Marine Sells U.S. Power Boat Maker Keppel Marine Industries Ltd. (KMI) reportedly sold power boat manufacturer Skipjack International Inc. for $500,000 to Singapore's Seabreeze International Pte Ltd.
BP Amoco, Statoil Win Angola Block Stakes A forty percent interest in Angola's offshore block 31 has reportedly been awarded to BP Amoco and Statoil, with BP Amoco to take two-thirds of that stake.
ARCO To Selloff $1B In Debts Atlantic Richfield Co. (ARCO) is expected to sell $1 billion in a two-part debt offering one day next week.
Elf Exploration Unit Plans 1,320 Job Cuts Elf Aquitaine's exploration unit reportedly presented to employees a plan to cut 1,320 positions from its 4,300 workforce.
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