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,
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
Following the decision to enter into bankruptcy this past October, American Classic Voyages has agreed to sell two of steamboats — Delta Queen and Mississippi to Chicago-based investment firm Waveland Investments LLC for $3.75 million. The company,
McDermott Engineering-London, a division of McDermott International, Inc., has received t w o c o n t r a c t s from Hydrocarbons Great Britain Ltd., a wholly owned subsidiary of British Gas Corporation, for work that will play a major part in the development of the Morecambe Gas Field.
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,
W.J. Amoss Jr., president and chief executive officer of Lykes Bros. Steamship Co., Inc., has been elected chairman of the Council of American-Flag Ship Operators (CASO). Mr. Amoss succeeds W. Bruce Seaton of American President Lines, Ltd., as chairman.
Royal Olympic Cruise Lines Inc, (ROCL), appointed George Stathopoulos to the position of acting chief executive officer. Stathopoulos at the same time maintains responsibility for the company's worldwide marketing and sales efforts. The company
The board of directors of Farrell Lines Incorporated of New York has named Richard V. Parks as president and chief operating officer, succeeding James P. Horn who has resigned. Mr. Horn, formerly president of American Export Lines, joined Farrell