Festival mulls Athens listing EUROPEAN cruise line Festival Cruises is planning to go public with what would be a landmark listing on the Athens Stock Exchange later this year.
Merger key to future for P&O Nedlloyd ANGLO-Dutch container shipping group P&O Nedlloyd's search for a liner operator merger partner must be completed before the group can achieve the elusive goals of consistent profitability and a stock market listing.
Ugland to sell sextet but keep Swan stake UGLAND International is to sell its fleet of six reeferships, leaving its stake in Swan Reefer as its only exposure to reefer trades.
Hapag-Lloyd dividend stays at Dm25 per share HAPAG-Lloyd, the German shipping and logistics group, will pay shareholders an unchanged dividend of Dm25 ($12.5) per share for the 1998/99 business year, the company has said in a letter to shareholders.
Nuclear cargo blow for BNFL JAPAN'S request that Britain takes back a controversial consignment of nuclear fuel is a serious setback for state-owned British Nuclear Fuels (BNFL), the fuel maker has admitted.
Bureau Veritas renews German contract CLASSIFICATION society Bureau Veritas has renewed its contract for carrying out flag state controls on behalf of the German statutory accident insurance See-Berufsgenossenschaft.
Engine failures hit North Atlantic run SERIOUS engine problems have been encountered in a series of 1,700 teu Sulzer-powered containerships resulting in at least two vessels being withdrawn from service.
Sulzer set to repair 40 as cracks show AT least 40 engines used to power some of the world's latest and largest containerships will have to be modified after cracks have been found in the main machinery of some ships, writes John Prescott.
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