Russian Oil Exports Plummet
Russian seaborne fuel oil exports from the main Black Sea and Baltic ports fell by 43 percent in October from the previous month, shipping inspector Petrak said.
Brazilian Oil Workers Plan Three-Day Strike
Brazilian oil workers will stage a three-day nationwide strike later this month in protest against stalled pay talks with state energy firm Petrobras. The leadership…
Baltic Dry Index
The Baltic Dry Index (BDI), the successor to the Baltic Freight Index, was down 12 points on Thursday to 1,301 points. The Baltic Panamax Index was down 2 to 1,251…
Vopak, Worlds Largest Chem Shipping Company Born
Pakhoed NV and Van Ommeren - after years of toying with the idea of consolidation - have formally become the world's largest chemical shipping, tank storage and…
Massoel S.A. Orders Three Bulk Carriers
Swiss shipowner Massoel S.A. reportedly has ordered three Handymax bulk carriers in cooperation with Norway's B Skaugen shipping group. The 46,000-dwt vessels are…
FastShip Signs Cargo Agreement
FastShip has signed agreements for wholesale cargo commitments with international freight forwarders AEI Circle International, GeoLogistics and MSAS Global Logistics.
SeaJets Take Off For Grand Bahama Island
SeaJets, the Palm Beach-based Jetfoil will leave the Port of Palm Beach on November 6, inaugurated regular service of the jets into Grand Bahama Island. SeaJet Kara…
Zodiac Aids With New Self-Righting Design
Zodiac International has developed a new patented, self-righting technique to comply with the updated RoRo ferry liferaft regulations. Formulated by a team of technical engineers…
United States Lines Floats Again
American Classic Voyages has acquired one of the most storied and renowned names in the history of ocean-going passenger transportation - United States Lines - to…
Ports Push For Fed Funding For Deep Draft Navigation
U.S. public ports testified Wednesday, November 03, 1999, at a hearing before the House Transportation and Infrastructure Subcommittee on Water Resources and Environment…
Timecharter Fixtures
Iolcos Grace - (built 1990) 71,749 dwt del Dalian prompt 4-6 months trading $9,000 daily Chinese charterers. North Countess - (built 1986) 70,280 dwt del Kinuura Nov 305 months trading $8…
Baltic Panamax Index Down
The Baltic Panamax Index was down 3 to 1,253 points last Wednesday, the Capesize down 16 to 1,739, the Handy Index down 4 at 954 and the Dry Index down 7 to 1,313 points.
Fleet of 14 Ferries Sold
New World Development Co has agreed to buy a fleet of 14 ferry vessels, a depot and ancillary assets from Hong Kong Ferry (Holdings) for HK$155 million. The purchase…
New Gas Shipping Firm Formed
Bergesen d.y. Group ASA plans to set up with A.P. Moeller a new gas shipping firm, Skandigas Ltd. Skandigas will specialize in semi-cooled gas ships of between 8…
OPEC Compliance Slips
OPEC compliance with supply curbs appears to have fallen in October but from a level revised higher for September, according to a leading consultant. Preliminary…
Iran Charters 550,000 ULCC
Iran has chartered a 555,000 dwt ULCC for floating oil storage to replace two VLCCs, tanker brokers said. The 1979-built Sea Giant is scheduled to be delivered in…
Inmarsat To Concentrate On High Bandwidth Multimedia Services
As per the company's Board of Directors, Inmarsat has decided, after a comprehensive detailed analysis, that it will not be proceeding any further with direct investment…
Moore Stephens Warns Of Internet's Risk
Moore Stephens has alerted the shipping industry to be wary of the Internet. Per the most recent edition of its in-house newsletter, Bottom Line, the company informs…
Friede Goldman and Halter Complete Merger
Friede Goldman International, Inc. and Halter Marine Group Inc. have announced the two companies have completed their previously announced merger and the name of…
Chevron Increases Dividend For 12th Consecutive Year
Chevron Corp. today declared a quarterly dividend of $.65 per share, payable December 10 to stockholders of record Nov. 19. The dividend rate increased $.14 per…
