MarAd takes over Massachusetts yard Security guards acting for the U.S. Maritime Administration are now in control of the premises of the the former Fore River Shipyard in Quincy, Mass.
Kvaerner signs $ 1.1 billion letter of intent with Royal Caribbean for two more Eagles Kvaerner, today announced that it has signed a letter of intent with Royal Caribbean Cruises to build the fourth and fifth Eagle-class vessels for Royal Caribbean International.
P&O inks deal with MHI for Princess mega ships P&O has now signed a contract with Mitsubishi Heavy Industries Ltd (MHI) for the construction of two 113,000 gt cruise ships.
$230 million LMSR contract for NASSCO General Dynamics' National Steel and Shipbuilding Co., San Diego, has been awarded a $230 million contract to build its eighth Large Medium Speed Roll-on/Roll-off (LMSR) ship under the U.S. Navy's Strategic Sealift Program.
Sedco Express contract modified Transocean Sedco Forex Inc. announced that one of its operating subsidiaries has reached an agreement with Elf Exploration Angola (Elf) to amend the offshore drilling contract on the newbuild semisubmersible Sedco Express. Modifications to the contract pertain primarily to the date for possible early termination due to late delivery of the rig and total expected revenues over the duration of the contract.
First ICO satellite set for launch ICO Global Communications says that the first in its series of global communications satellites is scheduled for launch aboard a Sea Launch vehicle on March 12.
Eagle order shows faith in Masa-Yards ROYAL Caribbean, the world's second largest cruiseline, yesterday ordered two more Eagle-class ships at a total cost of $1.1bn.
Adsteam to purchase 50% stake in Northland ADSTEAM Marine is to enter the US tug and barge transport market with the purchase of a 50% stake in Seattle-based Northland Services.
Teekay sees silver lining for tankers LEADING aframax tanker group Teekay Shipping will be glad to see the back of 1999 as losses escalated in the final three months.
Stena Line plans further cost cuts Stena Line, Scandinavia's leading ferry group, plans to undertake further cost-cutting measures as losses in 1999 reached almost SKr500m ($56.22m).
Beton Groep to block Boskalis DUTCH dredging-to-construction group Hollandsche Beton Groep is understood to be close to acquiring Belgium's biggest dredging company, DEME/Dredging International in moves to spoil rival Boskalis' hostile take-over bid.
Hamburg box handler to close Unikai terminal HAMBURG port handling group Hamburger Hafen und Lagerhaus-Gesellschaft will close its Unikai container terminal later this year.
Europe owners warn on cost of Erika proposals THE EUROPEAN Community Shipowners' Association has called for an economic study on the impact of a possible early phasing out of single-hull oil tankers, said ECSA secretary-general Alfons Guinier.
French back Jospin on flag initiative THE French shipping industry has expressed satisfaction at a promise from the French government to announce measures shortly to make the French flag more attractive to ship operators.
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