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NEWS STORIES FOR JANUARY-MARCH 2000 

News postings for September-December 1999 

News Postings for August-January 1999

Trailer Bridge income soars
High load volume allows optimized cargo mix

Fincantieri to pay first ever dividend
With positive cash flow, Italian giant seeks to expand into cruise ship refurbishment and mega yachts

Selendang Ayu captain enters guilty plea
Case draws attention to "pocket miles" practice

K-Sea gets $80 million revolving credit
Expands company's financial flexibility

Senators slam revised Deepwater plan
Collins and Lieberman call DHS report "inadequate"

Keel laid for National Security Cutter
Ceremony in Pascagoula

I.M. Skaugen building LPG tankers in China
Involved in design and materials sourcing

New test engine for Lubmarine
Five cylinder MAN B&W Innovator-4C test engine

Alion to acquire JJMA
Deal expected to close in April

World Navigation exercises options at ST Marine
Two more 1,030 TEU container feeder vessels

Jackup order for Keppel FELS
Fredriksen company orders $28.8 million KFELS Class B

Seaway cuts fees for cargo new to waterway
Encouragement for short sea shipping

Austal launches Highspeed 5
Latest high speed cat for Greek owner

Celebrity cancels Hawaii cruise
Problem with propulsion unit bearing means unscheduled drydocking

Jens Lassen joins Stolt Nielsen Transportation Group
Appointed managing director of shipowning

Conrad to delist from Nasdaq
Cites rising costs and administrative burdens associated with public company status

Rowan gets contract for second Tarzan jackup
Revenues for seven-month, one well contract should reach $20 million

NASSCO delivers second BP tanker
Alaskan Explorer joins sister ship

Offshore rig SCORE soars
GlobalSantaFe releases latest figures

Navy issues CJR ship solicitation
Will replace USNS Observation Island

$10.7 million RIB deal
United States Marine gets FMS order for Egypt

Carnival reports record first quarter
Stronger than expected pricing

Danish owner orders tugs in Canada
Irving Shipbuilding's East Isle to build two Z-drive tugs

USCG cutter intercepts hijacked vessel
Coalition task force responds to IMB Piracy Reporting Center alert

Senate resolution condemns DD(X) recompete proposal
"Ill-advised for the Department of Defense to pursue a winner-take-all strategy"

Groupe Bourbon orders Ulstein anchor handler
Order includes sister ship and is first for A102 design

MaK power for Aida newbuilds
Cruise market breakthrough for Caterpillar Marine Systems

Kvaerner Philly to build, bareboat out products tankers
Spin off of yard to form new Kvaerner unit

Seacor to acquire Seabulk
Merger agreement inked

"Robust bidding" at Gulf lease sales
But for future sales MMS may up rental rate on undrilled acreage

Congress members protest DD(X) recompete plan
Write letter to Bush slamming Navy plan

Bollinger to build products tankers?
Rumored letter of intent from Seacor

MSC contract for Maersk Line
Contract could be worth $190 million if options are exercised

B+H takes delivery of combi carriers
all three now on five year time charter

Canada funds port security projects
First round funds enhancements at 69 ports

EC approves shipbuilding innovation aid schemes
French and Spanish plans get O.K.

Cruising heads for 11 million passenger mark
CLIA again reports record passenger carryings by leading cruise lines

Trico exits Chapter 11
New board appointed

Upsurge in pirate activity
International Maritime Bureau cites "three blatant acts" in past two weeks

Tidewater to sell six AHTS's
Signs letter of intent for $202 million deal

ABS approves novel LNG tank concept
..and also gives Approval in Principle to a niche LNG FPSO

GAO looks at Navy shipbuilding cost growth
Getting a handle on costly overruns

Bordelon orders two at Bollinger
Contracts for two 163 ft mega mini supply boats

Navy speeds up plans to retire carrier
Kennedy could be mothballed before legislators can act to save it

Coast Guard faces "readiness gap"
Commandant tells House panel of "alarming system failure rates"

Mississippi barge fleet is shrinking
Though newbuilding is up, barge retirements are outpacing deliveries

MAN B&W power for ice-class bulker
Fednav Limited selects an MAN B&W 7S70ME-C diesel

Canada's Bay Ferries to operate Rochester fast ferry
Operator of The Cat gets three-year deal

Hoegh restructures
Focuses on RO/RO and LNG

Concept car carrier with zero emissions--and zero ballast
Wallenius Wilhelmsen develops concept for 10,000 car capacity ship of the future

14 cylinder Sulzer diesels for 8,600 TEU box ships
Hyundai Merchant Marine newbuilds will have 14-cylinder Sulzer RT-flex96C diesels producing 108,920 bhp

Industry seeks to join Massachusetts spill law suit
Coast Guard finds allies in effort to assert federal supremacy

UK Club stresses LNG ship safety record
Serious accidents have been few

NTSB issues findings of Staten island ferry investigation
Recommendations for action by NYC DOT and USCG

Aker Yards to build sister to Color Fantasy
North American Gulfport would build OSV's up to 350 ft--possibly 500 ft

Chouest plans to buy Gulfport yard
North American Gulfport would build OSV's up to 350 ft--possibly 500 ft

Coast Guard issues port security advisory
Names states deemed not to maintain effective antiterrorism measures in their ports

WTO rules in EU-Korea subsidy dispute
Korea ordered to end some practices, but no major impact on market likely

Royal Caribbean to add third Freedom class megaliner
Announces letter of intent with Aker Finnyards

California ballast water management proposal
Includes $500 per voyage fee

Columbia Coastal adds Baltimore--Philadelphia link
New container on barge service

Giuliani partners with Seasecure on LNG project
Security for proposed Long Island Sound floating terminal

Frontline to challenge Indonesian verdict
Denies wrongdoing in Pertamina tanker deal

Taylor slams DD(X) recompete proposal
Congressional Shipbuilding Caucus meets

Too old for MARPOL, still OPA-legal?
USCG makes guidance available

Horizon Lines files IPO registration
Largest Jones Act continership operator

Chinese yard to build giant FPSO hull
280,000 dwt FPSO contract awarded by CNOOC and ConocoPhillips China

Maersk takes over USMM ships
Settlement agreement ends long-running dispute

More Chinese orders for MAN B&W
K98MC-C power for more giant containerships

Rochester buys fast ferry
Wins bankruptcy auction with $32 million bid

Silver Bell for CMA