Avondale to have talks with Litton The board of Avondale Industries, Inc. has determined that the Litton Industries, Inc. proposal to acquire Avondale common stock for $38 in cash could lead to a proposal superior to the terms of its agreement to merge with Newport News Shipbuilding.
Canadian Navy Logistics Ship study on fast track As a result of a successful competitive bid earlier this year, Fleet Technology Limited (FTL), Kanata, Ontario, is carrying out option studies for the Canadian Navy's next generation support vessels.
Fast ferry contract Derecktor Shipyards, Mamaroneck, N.Y., has won a contract from the Woods Hole, Martha's Vineyard & Nantucket Steamship Authority for the construction of a 41-meter high-speed catamaran ferry.
P&I club warns on calcium hypochlorite stowage The London P&I Club warns that there is some doubt about the stowage recommendations in the International Maritime Dangerous Good Code covering shipments of calcium hypochlorite.
Transocean Offshore reorganizes At its annual meeting in Houston,, shareholders of Transocean Offshore Inc. approved a corporate reorganization that will result in the Company becoming a Cayman Islands corporation rather than a Delaware corporation.
Nei prossimi dieci anni raddoppieranno passeggeri e fatturato - Entro il 2002 l'offerta di posti aumenter' del 40% Crociere, una crescita a tutta forza Venti nuove navi per Carnival e dieci unità extralusso per Renaissance cruise
Mercato italiano in caduta libera Nautica, i cantieri sopravvivono solo con l'export
Approvato il bilancio con 298 miliardi di perdite - Guarguaglini nuovo amministratore delegato Fincantieri, civile e militare non divorziano
Il porto di Livorno cerca nuovi sbocchi nell'area modenese
P&O looks to Japan Lord Sterling, chairman of P&O, yesterday said he expects to order at least two large new cruiseships "within two weeks".
Ferrymasters candidate wins works council seat A BALLOT of P&O group's British employees to choose three people who will have a say in the terms of a future works council has produced a mixed result, writes James Brewer.
New FAI defence in Ocean Marine case LAWYERS acting for Australian reinsurer FAI have served an amended defence and counter claims against the legal action being brought by collapsed independent P&I club Ocean Marine Mutual.
Otim linked with Eagle Star Re SPECULATION is growing about the plans of Ocean Transport Insurance Mutual (Otim), the mutual transport insurer that has now ceased underwriting, writes Andrea Felsted.
Germans urge Korea sanctions Leading German shipbuilders have urged the European Union to take a tough stance on alleged South Korean shipbuilding overcapacities and to threaten the Seoul government with trade sanctions.
Arco and Mobil shelve Avalon plan The British subsidiaries of US oil companies Arco and Mobil have shelved their plans to combine their offshore operations in the Southern North Sea.
Regional divide hits ferry prices The contrast between the free ferry market in Northern Europe and the protected trade in the Mediterranean was drawn by Vincenzo Onorato, president of the 16 vessel Moby Lines.
Premier aims higher AMBITIOUS plans to charter and buy ships and go into the newbuilding market were outlined by Bruce Nierenberg, president and chief executive of Premier Cruises, a specialist in second hand ships, writes David Mott.
Fincantieri MD Ousted Italian state shipbuilder Fincantieri, which posted record losses in 1998, on Thursday appointed Pierfrancesco Guarguaglini as new Managing Director, replacing Saverio Di Macco, who has resigned Fincantieri, a world leader in the construction of large cruise ships, has said demand for increasingly complex vessels and its relations with a vast number of suppliers and sub- contractors had put the company under unprecedented pressure. As a result, many ships, including Disney's and now Holland America Line's, have been late.
Evergreen, Cosco Launch New Route Evergreen Marine Corp. and China Ocean Shipping Co. (COSCO) announced plans to launch a new rout from south Africa to South America. The new service will reportedly make stops in Hong Kong, Kaohsiung, Singapore, Port Louis, Durban, Cape Town, Buenos Aires, Montevideo, and Santos.
Thailand Asked To Alter Exemptions Thirteen European nations, Japan and the U.S. have reportedly joined together in asking Thailand to amend its competition regime regarding shipping exemptions. The Thai proposals could cause legal and practical uncertainty for international carriers and shippers.
Engine Troubles Hit Car Carrier The Liberian-flagged vehicle carrier Blue Hawk was reportedly to arrive under tow at Uraga, Japan, after suffering engine.
Israel Commits Funds To Ports Israel reportedly approved the allocation $621 million over the next four years to double the size of the port in the southern city of Ashdod.
Transroll To Get $2.5M Loan The Brazil National and Social Development Bank (BNDES) has reportedly agreed a $2.5 million Merchant Marine Fund (FMM) loan to Transroll Navegacao.
White knight makes move THE LONG-RUNNING battle between John Fredriksen and Swedish tanker operator ICB over the control of the company has taken a fresh twist. Greek shipowner John Angelicoussis is offering to buy out Fredriksen s stake in ICB and awaits an answer.
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