Abu Dhabi Forms Joint Fast Containership Line
Abu Dhabi Investment Company has established Abu Dhabi Container Lines Limited (ADCL) with Norasia Shipping Limited, Switzerland. The new venture will acquire and…
Suez Canal To Take Larger Ships
Improvements to the Suez Canal will allow ships with a draft of up to 62 ft. to use the waterway by the end of next year, the chairman of the Suez Canal Authority…
Oslo Companies Are Ripe For Picking
Many Norwegian companies remain under-priced and are likely targets for foreign predators, analysts said. Despite gains in the Total index to peaks this week at around 1…
Offshore Shares Are Leading The Way
Offshore shares on the Oslo Stock Exchange continued to rise in November, buoyed by the continuing high oil price and expectations of increased level of activities from oil companies in the year 2000.
USACE Details Mississippi Lock And Dam Closures
Several locks and dams on the upper Mississippi River will be closed to all navigation from January to early March for maintenance and repairs, the U.S. Army Corps of Engineers said.
IEA: Winter Oil Inventories Plummet
Oil inventories fell sharply again in October and stockdraws in major consuming regions are expected to accelerate in coming winter months, the International Energy Agency (IEA) said last week.
Strong OPEC Discipline Continues Rate Depression
As a consequence of low crude oil volumes out of the Middle East - caused by OPEC restrictions and Iraq's stoppage of exports after rejecting to extend the "Oil…
NOL Shares Drop Amid Rumors Of Rating Revision
Shares of Neptune Orient Lines (NOL) fell almost seven percent in heavy trade last Thursday on talk there was some re-rating of the stock following changes in the MSCi index.
Profitability Of Bulk Shipping Dependent On Safety
Bulk shipping has been under the international microscope of late, with spectacular structural failures resulting in sudden loss of lives and ships, vexing designers…
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