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Maritime News - 1999 Jul 26

26 Jul 1999

BP Amoco Wins Bids On Australian Acreage

BP Petroleum Developments (NWS) Pty Ltd., the Australian exploration arm of BP Amoco Plc, has reportedly bid successfully on three Canning Basin blocks off the coast of Western Australia.
26 Jul 1999

ā€œPac-Manā€ Takeover Defense Now Rare

A rare hostile takeover defense that emerged last week in Europe took root in the U.S. in the 1980s, but has mostly been replaced by other tactics used by companiesā€¦
26 Jul 1999

Arab Maritime Seeks $120-M Loan For New Tankers

Arab Maritime Petroleum Transport Co. is reportedly raising $120 million to partly finance new tankers for its fleet and to help refinance existing loans, bankers said on Sunday.
26 Jul 1999

Sea-Land Deal Boosts Moeller Shares

A.P. Moellerā€™s acquisition of CSX Corp.ā€™s Sea-Landā€™s international shipping operations is reportedly positive for the groupā€™s shares and future position in world shipping.
26 Jul 1999

Daewoo Founder Watches Empire Disintegrate

Kim Woo-choong, founding chairman of Daewoo Group, seems destined to preside over the dissolution of South Koreaā€™s second largest conglomerate, an empire that livedā€¦
26 Jul 1999

Cruise Ship Orders Could Outstrip Demand

Cruise ship berth supply will reportedly exceed demand growth if new orders continue at their current level, according to shipping analysts.
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With the advent of fuel transition, digitalization, AI and autonomy, innovation in vessel design and operation proceeds at unprecedented speed.
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Quotable Stephen Carmel

Autonomy Offshore: Uncrewed Systems Move from Trials to Critical Operations

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