market

Redundancy The Next Watchword?

The fact that the actual incidence of oil cargo spills as a percentage of global ship- ments is minuscule can never a r e a s o n any relaxation in the constant vigilance and unerring drive for risk minimization which must be practiced in all fields of tanker shipping.

 

$6 Billion Dollar Merger Tightens Cruise Industry

On Tuesday, November 20, a major announcement shocked the cruise and financial industries when Richard Fain, chairman and CEO of Royal Caribbean Cruise Lines, and Peter Ratcliffe, CEO of P&O Princess held a press conference in London to report that

The Cordage Group Promotes W.S. Stroud And P.S. Bowes

New appointments in its sales organization have been announced in Auburn, N.Y., at The Cordage Group, Division of Columbian Rope Company. William S. Stroud, formerly eastern regional manager, has been appointed national market manager-heavy marine.

Ice Tech: The Northern Promise

Increased interest in ice-classed tankers has been fostered to a great extent by the emergence of former Soviet Union (FSU) states as important players in the oil market. The FSU collectively, but with particular reference to Russia, Azerbaijan, Kazakhstan and Turkmenistan,

MarAd Reorganizes Its Marketing, Domestic Shipping, Port Programs

The Maritime Administration has consolidated its marketing, domestic shipping, and port and i n t e r m o d a l programs, and restructured the management of its research and development activities This reorganization transfers responsibility for

U.S. Firms Share In New U.K. Licenses For Offshore Oil

Great Britain's energy minister, Tony Wedgwood Benn, has announced the conditional award of offshore oil production licenses for 44 blocks to 65 oil companies. The offshore blocks are in the seas on all sides of Britain. They involve approximately 18,

Cruise Industry Leaders To Convene At SeaTrade

Scheduled from March 7-11, 2000, at the Miami Beach Convention Center, SeaTrade Cruise Shipping Convention will provide attendees with the latest happenings and innovations joining a new century of cruising. Registration begins on Tuesday, March 7 at 8 a.

Johnson & Towers Named Distributor For John Deere Diesels

Johnson & Towers, Inc., diesel power specialist with operations in Mount Laurel, N.J. and Baltimore, Md., has been selected by Detroit Diesel Allison and John Deere in their joint "New Force" program to distribute the John Deere 14-model line of four-cycle (50-250 hp) diesel engines,

Inspection Crackdown Planned By Ship Insurers

Many international marine insurers, faced with mounting losses, have decided on closer inspections of risky commercial ships and on depriving some of them of hull insurance. Coming in the wake of the worst year for casualties for bulk and combination carriers,

State of the P&I Market: As Stocks Drop, Rates Will Rise

The 13 P&I Clubs within the International Group continue to dominate the world market for shipowners' liability insurance despite increasing competition in recent years from fixed premium facilities. The development of the fixed premium market and,

 
 
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