NCL suffers second accident setback Cruise operator Norwegian Cruise Line's safety standards and internal control systems face close scrutiny after its second luxury cruiseliner accident in just one month.
Nuclear waste ship Pacific Teal arrives THE Pacific Teal, the armed British cargoship carrying mixed oxide fuel, arrives at the port of a nuclear power plant in Okuma, northern Japan, yesterday after a delay of nearly a week due to bad weather.
Merged Veba and Viag to sell off shipping and transport GERMAN industrial groups Veba and Viag said yesterday they are to withdraw from transport and shipping as they announced agreement on a o13.5bn ($14.1bn) merger to create a European energy and utilities giant.
Moody's warns of bleak future for Lloyd's INTERNATIONAL credit ratings agency Moody's has warned that the outlook for Lloyd's is becoming increasingly bleak with losses of more than $300m projected for both the 1998 and and 1999 underwriting years, writes Andrea Felsted.
High scrap prices lure shipowners HIGH scrap prices have tempted tanker owners to demolish two very large crude carriers, one suezmax and an aframax vessel.
Color airline nosedives COLOR Air, the no-frills airline launched last year by the namesake passenger ferry group, has decided to stop all activities on October 1 because of low passenger loads and huge losses, writes Rajesh Joshi.
First crude shipped from Sakhalin ll THE Sakhalin Island II offshore project in the Russian Far East has shipped its first cargo of crude in a 600,000 barrel consignment bound for South Korea's Ulsan refinery.
US giant takes the first dance with Bolero US commodity giant Cargill has become the first founder member of the Bolero internet-based world trade system.
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