Aker Maritime to end Gulf yard joint venture Yesterday, the news from Aker Maritime was that it had bought a big piece of Kværner. Today the firm told the Oslo stock that it is ending its dissolve its joint ownership arrangement with Peter Kiewit Inc. in offshore yard operator Aker Gulf Marine, Ingleside, Texas.
Bergesen makes $9.4 million on Kværner shares, but shows an accounting loss Bergesen d.y.'s sale of shares and subscription rights in Kværner will produce an accounting loss
World orderbook up again According to figures from this month's World Shipyard Monitor published by Clarksons, the world shipbuilding orderbook continues to increase and has now edged up to 105.6 million dwt.
Cabot LNG sold Tractebel, one of Europe's five largest power generation companies, has purchased Cabot Liquefied Natural Gas (LNG) for $680 million.
Rowan reports Improved financial results The Rowan Companies definitely see a light at the end of the tunnel -- and we believe it is the blue flame from natural gas in the Gulf of Mexico!
Nel mirino di Bruxelles c'è solo l'ultima parte (2.158 miliardi) degli aiuti erogati tra l'83 e il '98 Porti, 9mila miliardi in 15 anni L'indagine Ue sulle misure per sanare deficit ed esuberi potrebbe però allargarsi a tutti gli interventi
Assonave chiede un'efficace politica antidumping e sostegni agli investimenti nel settore Nei cantieri cresce l'allarme Far East
A Venezia tariffe forfettarie e nuove regole per i rimorchi
La Telemar acquisisce Litton Italia e ora punta sulla nautica
The 54,447 gt Bremen Express The 54,447 gt Bremen Express is pictured leaving the port of Le Havre en route for Southampton on her maiden voyage. The vessel, which was delivered last month by South Korea's Hyundai Heavy Industries, has a box capacity of 4,844 teu and is deployed in the the Grand Alliance Service loop 2.
Chao and CMB net Wah Kwong GEORGE Chao Sze-kwong and Bocimar Far East, part of Belgium's Compagnie Maritime Belge, have won shareholder approval for their joint plan to take full control of Wah Kwong Shipping and delist the company.
Eurogate exceeds forecast by 20% EUROGATE, Europe's largest container handling group, created last year, topped its anticipated figures for 1999 and expects strong growth of more than 20% for the current year.
Schanson out of fight for Golden Ocean Schanson Energy's surprising appearance as a bidder for Golden Ocean has proven short but not sweet.
Maasvlakte II gets green light THE Dutch cabinet has finally given a green light for construction of a second Maas-vlakte port basin in Rot- terdam for ocean-going container traffic, declaring it a viable project for a public-private partnership.
Higher survey fee defended BRITAIN'S Maritime and Coastguard Agency is to increase its hourly survey fee from '70 to '72 ($109) with effect from July 31.
Brussels drops fines on three lines AT LEAST three liner conferences have received a letter from the European Commission which appears to remove the threat of fines for setting intermodal freight rates.
The Hoegh Line general cargoship Mascot The Hoegh Line general cargoship Mascot pictured in the Queen Elizabeth drydock at the A&P Falmouth yard in southwest England is the first of two Hoegh ships to drydock at the yard, with her sistership Hoegh Marlin stemmed for next month.
Hellespont goes for third ULCC The shipowner fronted by Basil Papachristidis is boosting its ULCC order in Korea as the upbeat mood in the tanker market continues.
Greeks to take stake in Swedish Orient Greek owners Nick Vernicos and Leonidas Demetriades-Eugenides are set to pick up a stake in the Swedish liner company.
Kvaerner sells yard Norwegian engineering and construction group Kvaerner has sold a small repair yard while its rights issue is over-subscribed.
Progress chiefs plan Quantum leap Directors of debt-laden Danish shipping outfit D/S Progress hope to launch a new company next week.
Astilleros bags Transmed Ropax contract Spanish shipbuilder Astilleros de Sevilla has netted a domestic ferry newbuilding contract.
Nedlloyd unloads Mammoet Transport The $103m sale of the Dutch heavy lift specialist to the privately owned Van Seumeren group has been finalised.
Samudera expands tanker business Singapore stocklisted Samudera Shipping Line is growing its tanker arm Foremost Maritime with a new time-charter contract.
Koreans schedule massive VLCC repair job Shipyards in Korea are drawing up timetables to cope with over 20 VLCCs that will need to have their engine bedplates replaced.
Vela vetoes Ghandhour VLCC newbuilding Ghandour-controlled Pacific Star has been forced to trade its first VLCC newbuilding on the spot market, after Vela refused to accept it in the wake of Sulzer engine bedplate cracking problems.
Golden Ocean battle hots up Frontline out in front, but Restis/Kollakis still in running with Shanston Energy the mystery outsider.
Wah Kwong shareholders back buyout plans A date has been set for delisting Wah Kwong Shipping Holdings stock following a shareholders meeting on Tuesday.
Spanish yards face EU spot check The European Commission has started a formal investigation into the acquisition of two yards by Spain's state-owned holding company
EU challenges Italy on port aid The European Commission has taken legal action to force Italy to provide details of state aid to its ports sector
Top brokers set up valuation panel Shipbrokers in Paris, London, New York and Oslo are joining forces to challenge for leadership of the ship valuation market.
Gorthon warns on profits Sweden's forest products carrier has warned in its first half results the profit in 2000 will be well down, due to high fuel costs and poor freight rates.
Keppel Hitachi wins cablelayer contract Singapore shipyard Keppel Hitachi Zosen has won a $130m contract to build two cable laying and repair vessels.
Bergesen sells Kvaerner stake to Aker The Norwegian owner has sold its entire stake in the shipbuilding and engineering group to offshore operator Aker Maritime.
Union settles in P&O pay talks The threat of industrial action on P&O Ferries has been lifted after pay talks were settled with an increased offer to officers.
Plea to keep European shipyard aid Shipbuilders in the European Union are lobbying for subsidies to be maintained while talks with South Korea continue.
Owners win Venezuela bareboat registration battle A long running battle over the registration of the Rio Caroni and other vessels has ended in a victory for shipowners.
Cammell Laird poised for fundraising UK shipbuilder Cammell Laird is upbeat on future prospects as figures for 1999 reveal an upturn in profits.
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