Leading executives of Poland's shipbuilding and associated industries recently visited Eastern, Midwest and Gulf areas of the United States. The visitors included Andrzej Adamczyk, director, Ministry of Heavy Machinery (Warsaw) ; Mieczyslaw Tokarz,
The largest shipyard in the United States has signed a letter of intent which could lead to construction of the world's largest nuclear-powered commercial vessels. Tenneco's Newport News Shipbuilding and Ravi N. Tikkoo, chairman of the board of Globtik Tankers U.
The Group managing director of Burmah Oil Company Ltd. of England declared recently that tapping reserves of natural gas readily available in many countries "is one of the simplest ways of developing new sources of energy." Speaking at the naming
Capt. Henry E. Engelbrecht, formerly vice president in charge of operations for the United Tanker Group, has acquired Lexington Transport Corporation. Sinnan Pu and Capt. Nick Ni, also formerly of United Tanker, have joined Lexington in the capacities of
Waterborne U.S.-foreign trade will increase by more than 130 percent, and the U.S.-flag merchant fleet is expected to more than double both its deadweight tonnage and percentage of market share in the last quarter of this century, a study commissioned by
Shipping Corporation of India Ltd. has placed an order with Daewoo Shipbuilding and Heavy Machinery Ltd. Seoul, Korea, for eight bulk carriers with an option for four more, the shipbuilding company president, Hong, In-Kie reported recently. The U.
Navy contract options for almost $200 million have been exercised for the conversion of the last four of eight high-speed containerships into roll-on/roll-ofF units. They will be used by the Military Sealift Command to provide support to rapid deployment forces around the world.
While seemingly miniscule in terms of deadweight tons ordered and delivered per year as compared to the shipbuilding business as a whole, the production of gas tankers, LNG and LPG, are high-value, high prestige orders that are likely to rise significantly in the coming years.
Germanischer Lloyd (GL) has restructured its business operations, dividing its two main operating areas into maritime services and indus- trial services. In a press meeting in Hamburg on March 4, executive board members Dr. Hans Payer and Consul Rainer Schondube said.
The tough economic situation and business environment has not prevented Neptune Orient Line from first half profits, as the company announced $ 11 million profits (albeit down 78 percent from 1H 2000 profits) on revenues of $2.3 billion (up 6 percent from 1H 2000 revenues.