Brits release suspect ship

British authorities have released a cargo ship intercepted on December 21 in international waters

Court denies Maritrans claim

Court says requirement to phase out single hull tank vessels is not a Fifth Amendment "taking"

New president & CEO for Kvaerner

Helge Lund gets the job

$369.8 million contract for Ingalls

Yard to build its twenty-fifth DDG 51

Carnival results hit by 9/11 events

Carnival Corporation reported quarterly and full year results severely impacted by the 9/ll effect, but in line with analysts' expectations

Conoco to develop deepwater field
A $600 million development project is planned for Magnolia

Princess to Carnival: "Improve your offer"
Princess Cruises today gave Carnival until January 18 to improve its acquisition offer

Hornbeck Leevac answers Enron-impact queries
Hornbeck Leevac has found alternative work for two boats chartered to an Enron-affliated company

Carnival fires another shot
Carnival says "poison pill" flouts takeover rules

OMI in MARPOL probe
Company cooperates with U.S. Attorney's investigation

OSV orders for Rolls-Royce
Equipment packages for nine vessels

Cruise line battle looms
Carnival announced a $456 billion proposal to take over P&O Princess Cruises and the Princess board promptly rejected it

Carnival to bid for Princess?
Britain's Sunday Telgraph says Carnival Corporation is preparing a counter offer for P&O Princess

Carnival reshuffles newbuilding schedule
Holland America has yielded a January 2005 delivery newbuilding slot at Fincantieri to another Carnival brand, Cunard

Court extends FGH deadline
FGH now has until February 11 to file a plan of reorganization

New ballast water reporting requirement
Effective December 21, 2001 all vessels equipped with ballast tanks are required to submit their Ballast Water Report Form prior to arrival at their first U.S. port of call.

Orders for FGH Engineered Products
Amclyde has signed contracts totaling over $10 million

Røkke pledges $100 million investment in Philly
According to the Philadelphia Inquirer, new Kvaerner chairman Kjell Inge Røkke now says the company will invest an additional $100 million in the Philadelphia yard over the next two years.

Kvaerner Philadelphia "not for sale"
Kjell Inge Røkke has been telling the Philadelphia press that the Philadelphia yard "is not for sale" and that "there are tremendous opportunities" for it to make money.

Port security under scrutiny in Washington
Port security issues were the focus of both House and Senate hearings in Washington, D.C yesterday.

Search on for Bin Laden's fleet
ABC News and other sources are reporting that the U.S. Navy is searching for some 23 merchant vessels identified by U.S. and Norwegian intelligence agencies as owned or controlled by al Qaeda

Wärtsilä EnviroEngines for P&O Princess Cruises
Wärtsilä Corporation is supplying twelve EnviroEngines for four cruise ships contracted by P&O Princess Cruises.

IMO adds to STCW "White List"
The International Maritime Organization has updated its list of countries assessed as properly implementing the revised STCW Convention

IMO to act on maritime security
Maritime security was a major concern at the recent 22nd Assembly of the International Maritime Organization (IMO).

Schubert confirmed as Maritime Administrator
Captain William G. Schubert has been unanimously confirmed by the Senate as Maritime Administrator.

Former Renaissance ships reflagged
Six of the former Renaissance cruiseships now owned by Cruiseinvest LLC, a Marshall Islands-incorporated company, have been reflagged to the Marshall Islands

EU governments fail to back subsidies
European Commission proposals for a "temporary defensive mechanism" of shipyard subsidies, yesterday failed to win sufficient backing from European Union governments to take effect.

New board at Masa-Yards
Following the Røkke revolution at Kvaerner ASA, a new Board of Directors has been elected at Finland's Kvaerner Masa-Yards Inc..

Røkke priority: Shed Philadelphia
Kjell Inge Røkke now controls Kvaerner and reportedly has disposal of the Philadelphia Shipyard as his first objective

Northrop Grumman acquires NNS
It's official. Now we're down to the Big two