Month: November 1998

Tanker owners` association Intertanko has calculated that the cost of changing ballast water in a VLCC as proposed by the IMO will be $1,800 per trip, costing the industry over $18.6 million/year…

The Canadian Transportation Safety Board has shown Flare`s owner, flag state (Cyprus) and classification society (LR) evidence from an underwater survey of the bow section. This points to a fracture beginning in…

The European Commission has announced that existing rules on VAT and excise duty will apply after July 1 1999 when the duty-free allowance is abolished. The system, according to taxation commissioner Mario…

Following an announcement earlier in the year that it was planning to quadruple its passenger capacity within the next seven to ten years, American Classic Voyages (AMCV) has finally signed a Letter…

San Diego`s Southwest Marine officially acquired the Norfolk, VA shiprepairer Norshipco on October 1. This gives Southwest significant repair capacity on both coasts. Terms were not disclosed, but Norshipco has not been…