business

Teekay Enters LNG With Tapias Acquisition

Teekay Shipping Corporation has entered into a definitive agreement to acquire Naviera F. Tapias S.A.. a leading independent owner and operator of LNG carriers and crude oil tankers in Spain. Teekay has also entered into an agreement with the shareholders

 

Crowley Maritime Celebrates 100 Years Of Service

A highly diversified maritime service company and owner of one of the world's largest privately-owned tug and barge fleets, Oakland, California- based Crowley Maritime Corporation is commemorating its centennial in 1992. Crowley Maritime began

First Of Four Lauritzen Reefers Launched At Hyundai's Ulsan Yard —Two Bulkers Delivered To Apex

The Australian Reefer, first of four 630,000-cubic-foot refrigerated cargo ships under construction for J. Lauritzen A/S of Copenhagen, was launched recently at the Ulsan Shipyard of Hyundai Heavy Industries Company, Ltd. in South Korea. These

Fred S. Sherman Elected AIMS Board Chairman

A key East Coast shipping executive, long active in U.S. maritime affairs, has been elected chairman of the board of the American Institute of Merchant Shipping (AIMS) for the next 12 months. He is Fred S. Sherman, chairman of the board, Marine Transport Lines, Inc.

Olympic Engine Selection Evokes Thoughts Of "Green"

When Olympic Tug & Barge was founded in 1987, owner Harley Franco had environmental responsibility on his mind. Early major oil tanker disasters southeast of Nantucket, Mass., near Galveston, Texas, and off the coasts of England and Mexico were influencing the

Estonians Raise the Ferry Stakes

A stylish entrant to the rapidly-growing ferry traffic across the Gulf of Finland between Tallinn and Helsinki denotes the opening of a new chapter in the development of the Estonian fleet, and could also act as a spur to fresh investment by Nordic operators.

Innovation on the Irish Sea

Nordic prowess in ferry technology, coupled with Irish business verve, is set to take the sector to a new highpoint as regards the concentration of wheeled freight capacity in a RoRo passenger vessel. Built in the cruise ferry mold, Irish Ferries' 50,

As Banks Step Down, Equipment Finance Companies Step Up

Shipowners are known for having distinct differences of opinion, but the one thing that all agree on is the importance of having access to capital. In an industry in which assets are generally bigticket items and operating margins can be thin,

Wider Remit for Dutch Matchmaker

Owned by its member shipyard companies, Groningen-based sales, marketing and design firm Conoship International (CI) encapsulates the spirit of the industry in the Netherlands' northernmost provinces, where the maritime cluster continues to demonstrate resilience and an ability to innovate.

Stolt Selects MMS' FleetWORKS For Tankers, Houston Office

Stolt Parcel Tankers, Inc. selected Marine Management Systems' (MMS's) FleetWORKS, an inventory and maintenance software system, for six chemical tankers and shoreside at its Houston, Texas office. Subsequent installations are planned over the next

 
 
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