Bossier announces retirement Litton Ship Systems said today that Albert L. Bossier, Jr. announced his plans to retire. effective November 1, 1999, as president of Avondale Industries, Inc.
Norwegian yard to build ResidenSea ship Bahamas based ResidenSea Ltd. and the Norwegian yard Fosen Mek. Verksteder A/S have today signed a $262.5 million contract for the construction of The World of ResidenSea.
P&O takes a lead role in German cruise market P&O and Germany's Arkona Touristik are forming a major new company to develop Germany's fastest growing cruise operation, Aida Cruises. The new company is ordering two new ships.
Mid East yards place shiplift contracts valued at $7 Million Syncrolift Inc., a subsidiary of Rolls-Royce plc, announced today that it will supply two new Syncrolift shiplift and transfer systems to yards in the Middle East.
P&O moves into German cruises P&O has entered the German cruise market in grand style with a new joint venture with Arkona Touristik, which owns the cruise vessel Aida, and a pledge to order two new cruiseships at the Wismar-based yard Aker MTW.
ResidenSea deal finally gets the go-ahead FOUR arduous years and a couple of near-abandonments were forgotten yesterday as the ink was added to a newbuilding contract for the world's first oceangoing luxury resort.
Green light for Exxon-Mobil merger and BP Amoco deal THE European Commission yesterday gave its blessing to the mega-merger between US oil majors Exxon and Mobil after the companies agreed to the biggest divestments in EU merger clearance history.
Bank of Scotland flaunts 12% first half profit increase BANK of Scotland, which last week launched a daring bid for larger rival National Westminster Bank, flaunted its profitability yesterday with a 12% rise in first half profits.
Brussels ferry jobs proposals 'wrong' THE European Community Shipowners' Association claimed yesterday that there is a growing realisation that the European Commission's proposed directive on passenger vessel manning would be counterproductive.
Eurotunnel expects 25% shuttle revenue surge EUROTUNNEL is predicting a 25% surge in shuttle operating revenues for the the third quarter, although retail and other revenues will be down 75% due to the abolition of duty-free sales.
Prescott hails fleet renaissance DEPUTY prime minister John Prescott yesterday told the Labour Party conference of his personal pleasure at the doubling of the British fleet during the administration's term of office.
Britain admits oil spill reporting errors BRITAIN has failed to meet the mandatory oil spill reporting requirements of the Marpol maritime pollution convention in recent years, the flag state authorities have admitted, writes David Osler.
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