China putting in another big building dock China continues to expand its newbuilding capacity. Its widest building dock, at Yantai, Shandong Province, is expected to be completed at the end of this year,
Reefer operator pulls out of spot market Athens-based reefer specialist Enterprises Shipholding Corporation says that the first half of 1999 the reefer industry was faced with the consequences of the market conditions and the weather disturbances that had affected the reefer industry during 1998
First Lease Sale 174 results The U.S. Department of the Interior's Minerals Management Service received 177 bids on 153 tracts offered in today's Western Gulf of Mexico Lease Sale 174.
Coflexip Stena Offshore taking majority stake in Indian offshore support company Coflexip Stena Offshore today confirmed that it is finalizing acquisition from India's Peerless General Finance & Investment Company Ltd.of its stake in Peerless Shipping & Oilfield Services Ltd. (PSOS).
Boxship 'sent warning call' UK shipping sources have claimed that the containership involved in the dramatic clash off the UK coast this week had called the cruiseship Norwegian Dream in an attempt to warn her of the collision course.
London braced for collision loss claims LONDON insurers are bracing themselves for losses arising from the collision between the cruiseship Norwegian Dream and the containership Ever Decent, although all sides said yesterday that it was still too early to know the full extent of claims, writes Andrea Felsted.
Daewoo Heavy claims 'business as usual' over guarantees DAEWOO Heavy has insisted that there are no problems in arranging refund guarantees or closing newbuilding contracts, even though other units of the group are having trouble in getting guarantees for overseas projects.
Team Shipping suffers loss in second quarter TEAM Shipping, which listed on the small and medium sized section of the Oslo stock exchange in January 1998, has posted drab second quarter results culminating in a pre-tax loss of $1.5m compared with profits of $1.2m the previous year.
Numast urges UK probe into cruise incident BRITISH officers' union Numast is demanding a UK inquiry into Tuesday's collision, arguing that flag states Panama and the Bahamas are not up to the task.
Simon Mogster in stopgap charter District Offshore's anchor handling tug/supply vessel Skandi Mogster yesterday went on hire to Simon Mokster Shipping as a stop gap measure by the Stavanger-based owner to meet its charter commitments to Esso Norway for a tanker standby vessel.
Pelikan II crew cleared of scuttle attempt AN Indian crew has been cleared of attempting to scuttle a flag of convenience bulker last month, following an investigation by South Africa's Maritime Safety Authority.
Austerity plan German finance minster Hans Eichel has announced that Germany's centre-left coalition has approved his austerity plan aimed at cutting public spending and slashing debt. The reform is now due to enter parliament, where it will face a rough ride from opposition parties. Some coalition politicians, angered by proposals to cap state pensions for two years have threatened to vote against the package. The plan aims to cut Dm30bn ($16bn) a year from state spending and Mr Eichel, while admitting that details were still to be finalised, said the volume of cost savings should not be reduced.
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