Daewoo workout announcement near Detailed workout plans for Daewoo business group's subsidiaries--including shipbuilder Daewoo Heavy Industries-- are likely to be announced around October 28
U.S. and Brazil ink bilateral maritime agreement Secretary of Transportation Rodney E. Slater and Brazilian Transport Minister Eliseu Lemos Padilha yesterday signed a new bilateral maritime agreement in Rio de Janeiro. The three-year deal will ensure equal access for each country's national-flag carriers to the other country's government-controlled cargo.
Kirby announces record quarterly result Kirby Corporation has announced third quarter 1999 net earnings of $6,864,000, or $.34 per share.
Tidewater reports second-quarter profits Tidewater Inc. has announced FY 2000 second-quarter net earnings of $18.9 million, or $.34 per share, on revenues of $138.9 million.
Evergreen to transfer Panama ships to Italy TAIWANESE liner giant Evergreen is poised to take a strategic step into Europe with a plan to switch at least 30 Panama-registered vessels to the Italian flag.
Deutsche Verkehrsbank and Nedship set for merger SHIP financiers Deutsche Verkehrsbank and Nedship Bank are set to merge under a deal hammered out by their parent groups, according to German market sources.
Teekay run succumbs to rates TEEKAY Shipping's long run of profitability came to an end in the second quarter of the current financial year as the leading aframax tanker operator's results finally succumbed to weak freight rates.
Leif H'egh profits down a third on last year NORWAY's diversified Leif H'egh & Co shipping group posted a third quarter net profit of NKr73m ($9.4m), down 33% from last year.
Tougher ferry regime looms GREECE'S minister of merchant marine, Stavros Soumakis, has said he plans to toughen up a route-licensing system which many of the country's leading lines want abolished altogether.
Tugs on offer to Thames users TWO German-built tractor tugs are being offered to shipowners using the Thames and Medway. Now bearing the names Nore Challenger and Nore Commander, the vessels were previously lying in Hull while the original operators, Specialist Marine Services, sought suitable employment.
Disagreements delay end of oil spill fund VIGOROUS debate surrounds the best way to wind up one of the key funds that compensates victims of oil pollution incidents.
Ship valuation watchdog gets seal of approval The establishment of a ship valuation watchdog was an idea welcomed yesterday by the international broking community, although many blamed London for bringing the business into disrepute, writes Alison Smith.
Italian police raid operator POLICE INVESTIGATING allegations of irregularities over tanker valuations and freight rates have raided the offices of one of Italy's leading operators. The homes of three directors, including Andrea Trombini (photo), linked to the Ravennavi tanker operation were also searched. One of those involved, Raul Sarti, denies there is any wrongdoing.
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