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POSTINGS FOR 2000

MAY

FGH to sell repair yards to Bollinger
Friede Goldman Halter, Inc. has signed a definitive agreement to sell its vessel repair unit to Bollinger Shipyards, Inc. of Lockport, La for $80 million

Start-up cruise line signs for two ships from Harland & Wolff
Northern Ireland's Harland and Wolff has been awarded a letter of intent for the design and construction of two 28,000 gt, 380 passenger luxury cruise vessels,

Friede Goldman settles Petrodrill dispute
Friede Goldman Offshore Texas has reached an agreement with Petrodrill IV Ltd. and Petrodrill V Ltd. ("Petrodrill'') regarding contract disputes over construction of two deepwater semisubmsersibles

Bergesen to cut number of Norwegian, British officers
Norway's Bergesen plans to replace a number of Norwegian and British seafarers onboard its vessels with officers and others from other countries.

CMB unit in long term LNG shipping deal with Enron
Exmar, the gas transportation operating company of CMB has entered into a long-term agreement with Enron, for the transportation of LNG.

Litton awarded $41.7 million for Aegis destroyer engineering, planning services
Litton Industries says that the U.S. Navy has awarded Litton Ingalls Shipbuilding a $41.7 million cost-plus-award-fee contract, under which Ingalls will continue to provide engineering and planning support services to the Navy's DDG 51 Class Aegis guided missile destroyer program.

New charterparty
BP Amoco Shipping and BIMCO have developede a new standard tank time charterparty, code named BPTIME3.

Frontline unveils plan to absorb Golden Ocean
Bermuda-based Frontline Ltd. has signed an agreement with the Golden Ocean Group Limited under which the two parties will propose a joint plan for a financial restructuring of Golden Ocean. (the "Golden Ocean Plan").

Mosvold orders VLCC
Norway's Mosvold Shipping and Samsung have agreed upon the terms of a shipbuilding contract for the building of one ­ with the option of further one ­ crude
oil carrier of about 308,000 dwt

Schat-Harding keeps it safe and simple
Schat-Harding has introduced a new series of simple, easy-to-maintain and space-saving boats and davits

ICR marine gas turbine completes development phase
An industry team led by Northrop Grumman Corporation's Marine Systems business unit has successfully completed the U.S. Navy's development phase of the Intercooled Recuperated (ICR) WR-21 marine gas turbine engine program.

New fast ferry for Steamship Authority
One week ahead of contract schedule, the Woods Hole & Martha's Vineyard Steamship Authority has taken delivery of a Derecktor 41-mhigh-speed catamaran ferry

Warning on vessel arrests in Egypt
The London P&I Club has warned its members about a spate of vessel arrests in Egypt, and in particular the port of Suez,

ExxonMobil predicts bunker price rise following new EU laws
ExxonMobil Marine Fuels (EMMF), the world's largest supplier of marine fuels, believes prices are likely to increase significantly for low sulfur HFO sold in Europe when current EU guidelines become law.

Japanese giants plan shipbuilding merger
Ishikawajima-Harima Heavy Industries Co., Kawasaki Heavy Industries Ltd. and Mitsui Engineering & Shipbuilding Co. are reportedly in talks to integrate their shipbuilding businesses

Fire-damaged cruiseliner cleared for safe operation
Holland America Line reports that the Nieuw Amsterdam was cleared for safe operations last evening by the U.S. Coast Guard, following an inspection of fire damage to crew quarters that occurred earlier in the day.

Coast Guard allows damaged Alaska tanker to sail for repairs
After holding the tanker Long Beach in Valdez, Alaska, because it sustained a hairline fracture in its hull, the Coast Guard Captain of the Port (COTP) has released the vessel to sail for Long Beach, Calif., to make permanent repairs.

Maersk orders tankers from China
China's Guangzhou Shipyard International is to build build eight 35,000-dwt products tankers for the A.P. Moller Maersk Group

Stolt Offshore plans refinancing
Stolt Offshore S.A. plans to replace its three largest existing banking arrangements with a new $400 million revolving credit facility. In addition to the bank refinancing, Stolt-Nielsen S.A. (SNSA), the parent of Stolt Offshore, will make an additional investment of $100 million through the purchase of 9.43 million Stolt Offshore Class A Shares.

Royal Caribbean moves to expand its European business
More consolidation on inland waterways
Red ink and dwindling backlog at FGH
Busy agenda for key IMO meeting
Bingo 9000-1 is 82.19% complete
Chinese yards on engine ordering binge
Answer to maritime manpower shortage: Eastern Europe?
Globalstar USA introduces maritime kit
MTN buys CruisePhone assets
P&O acquires Festival
Trico sells liftboats to Superior
Harland & Wolff wins order for advanced passenger vessels
Tanker captain arrested for concealing leak from U.S. Coast Guard
OSG results reflect improving tanker market
Kvaerner shipbuilding operations back in black
Hvide losses continue
Mobex acquires Watercom from American Commercial Lines
Washington State lawmakers seek to reclaim power to regulate tankers
European Commission keeps up pressure on
Korean shipbuilders

$22 million contract for NASSCO
Marad announces RRF management contracts
MODEC restarts MOSES TLP construction
Rowan commits to Super Gorilla XL
RINA adds more exclusive surveyors
ExxonMobil Marine Fuels moves into e-trading
Visma Marine in e-commerce alliance
Dredges, too, face tough air emission regimes
Contract for Alaska adventure cruise vessel
FirstWave and A&P Group UK in strategic alliance

APRIL

Crewboat "Charles F McCall" joins sister "Sara"
Sun Microsystems chosen for key Gold Team DD-21 element
PGS revenues increase
Trico Marine reports more losses
Development of Norway's Kvitebjørn and Grane fields
NOL subsidiary orders VLCC's
Norway ups budget request for Bazan frigates
Income up at Teekay
Sulzer RTA96C past the 50 mark
European Commission renews block exemption allowing consortium agreements in shipping
Navy contract for NORSHIPCO
RFP: Full-Scale design studies of ballast water treatment systems
RINA boots out 22 ships
Britain will spread defense orders among U.K. yards
Law firm invites investors to join class action against Carnival
Hvide Marine elects Gerhard Kurz CEO
Don't write off Taiwan destroyer deal just yet
UDS and Ceres Hellenic in Suezmax deal
$300 million Nigeria project includes major FPSO
.Star switches Meyer Werft newbuild to NCL brand

Taiwan seeks to order four Aegis destroyers from U.S. yards
Hvide forced to sell more vessels
Friede Goldman Halter sells yacht division
Improved results from Rowan
NNS chairman's pay doubles
Meeting on managing High-Speed Commercial Vessel Traffic
European Commission approves shipbuilding aid schemes in Netherlands.
Change of tack at Ocean Rig
EC and Korea sign shipbuilding agreement
New ownership for Davie
Another HAL newbuilding order
Chiles goes to Keppel for ultra premium jackup
RINA says Erika cracking could have been controlled
Cruise industry employees sentenced for Alaska pollution
LNG carrier order
Kvaerner pulls out of Masa-Yards sale
Canadian 88 Energy and Kerr-McGee team up for
Nova Scotia deepwater play

Heavyweight backing for bulk shipping e-site
Finnish bid for Masa-Yards reported as ended
CP Ships to acquire CCAL
Korean group to invest in Indonesian shipbuilding
GATX and IMC in chemical tanker joint venture
New orders for Friede Goldman Halter
Brazil joint venture by Friede Goldman
Problems mount at Hvide Marine
Liberia to hold inquiry into Martina casualty
ExxonMobil merger creates world's leading bunker supplier


NEWS STORIES FOR JANUARY-MARCH 2000

News postings for September-December 1999

News Postings for August-January 1999

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