Korea poised for $1bn ship orders SOUTH Korean shipbuilders have or are close to cementing contracts for almost $1bn worth of newbuilding orders, it emerged yesterday.
Fincantieri in $600m Carnival cruise deal CARNIVAL has signed a letter of intent with Fincantieri for the construction of a 110,000 gt cruise vessel, plus the extension of two vessels already ordered from the Italian shipbuilder in a contract reportedly worth $600m.
BG demerger welcomed The stock market yesterday rewarded BG Group's decision to demerge its UK domestic regulated gas pipelines business from the international energy operations with a 10% increase in the company's share price.
Moody's reduces Phillips Petroleum debt rating MOODY'S Investors Service yesterday cut by two notches its senior unsecured debt rating of Phillips Petroleum, the No 6 US oil company.
Brussels safety steps 'unworkable' THE European Commission has announced' "radical" measures on the safety of the seaborne oil trade, attracting criticism from tanker owners that they are unworkable.
Tonnage tax take-up may top 75% THE British government expects around 75% of the country's shipping companies to take up the new tonnage-based system of taxation when it is finalised, a senior official said yesterday.
Maersk positions itself for UK ro-ro orders THE Maersk Company is pinning its hopes on a long working relationship with Britain's Ministry of Defence to capture a lucrative contract that may have become entangled in politics.
Demonstration About 100 people demonstrated yesterday outside the Louvre in Paris where shareholders of the TotalFina oil group met to approve the merger with Elf Aquitaine, writes Andrew Spurrier, Paris. The protesters, drawn from organisations, including France's Greens party, Greenpeace and radical farmers' organisation, Confederation Paysanne, hit at the "irresponsible attitude" of TotalFina towards the Erika disaster. They draped the Louvre pyramid in black plastic and called on TotalFina to have a "more responsible and durable" approach.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
