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Maritime News - 1999 Sep 13

13 Sep 1999

Elf, TotalFina Agree On Friendly Merger

French oil company TotalFina has reportedly agreed a friendly merger deal with Elf Aquitaine, bringing to an end their takeover fight and creating the world's fourth largest oil company.
13 Sep 1999

Roekke Fails To Win Full Control Of Aker

Norwegian billionaire Kjell Inge Roekke failed to win full control of industrial holding firm Aker RGI after a controversial buyout bid that ended Sept. 10. Roekke…
13 Sep 1999

Container Lines To Impose Surcharges

Container shipping lines operating on the Atlantic will reportedly start imposing surcharges to reflect rising bunker fuel costs. A bunker adjustment factor of $21…
13 Sep 1999

Supreme Court To Review Washington Tanker Regulations

The U.S. Supreme Court has reportedly ordered a review of autonomous regulations imposed by the state of Washington on oil tanker operations. In 1995 the state imposed extra regulations on tankers…
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