Canadian 88 Energy and Kerr-McGee team up for Nova Scotia deepwater play Canadian 88 Energy Corp., Calgary, Alberta has entered into an agreementthat sees Kerr-McGee Corporation of Oklahoma City acquire a 50% participation interest in Canadian 88's four offshore Nova Scotia holdings.
Heavyweight backing for bulk shipping e-site A new Internet based on-line exchange claims to be "set to revolutionize the traditional marketplace where shipowners, shipbrokers and cargo owners conduct business."
Finnish bid for Masa-Yards reported as ended A Finnish business daily says the Finnish group bidding for Kvaerner's Masa-Yards shipyards has decided to withdraw
CP Ships to acquire CCAL CP Ships has reached agreement with Thor Dahl Shipping AS of Norway to acquire Christensen Canadian African Line (CCAL).
Korean group to invest in Indonesian shipbuilding A South Korean consortium reportedly plans to invest in Indonesia's Sabang economic development area .
Big guns back web charters THE tanker and dry bulk shipping marketplace could be transformed by the launch of an online exchange which is backed by three of the industry's most powerful charterers, BP Amoco, Cargill, and Shell, and the world's largest shipbroker Clarkson.
Systems error freezes London THE London Stock Exchange was frozen for eight hours yesterday due to a systems collapse as global bourses continued to wobble.
Smit surges on excellent year DUTCH salvage, port services and maritime contracting group Smit International last year generated a 27% increase in operating profits marred only by a decline in one division and buoyed by an exceptional year in the unpredictable salvage business.
Alpha Credit Bank warns on liquidity for smaller owners SMALLER Greek shipowning companies are going to find it increasingly difficult to raise funds from traditional lenders, a leading local banker has warned.
Asbestosis crisis 'goes far deeper' A COVER-UP over the asbestosis insurance crisis may have extended more widely in the upper ranks at Lloyd's than earlier suggested, a witness called by names has told the High Court.
Midnight Collision ALL rail services along an arterial line north of Oslo, including the superfast express into Gardermoen airport, were suspended yesterday after a midnight collision between two trains at Lillestr'm station, about 20 km from the Norwegian capital, writes Rajesh Joshi.
Phillips to operate Arco Marine fleet PHILLIPS Petroleum expects to run Arco Marine's US West coast tanker business as a going concern following the imminent completion of its $7bn acquisition of Atlantic Richfield Co's Alaskan assets.
HCC ditches plan to sell Wheatley NEW YORK-listed HCC Insurance Holdings, an important force in the marine, aviation and medical sectors, has abandoned plans to sell a subsidiary, the Wheatley group, writes James Brewer.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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