BP Amoco Tightens Rules For Old Tankers
Global oil major BP Amoco has introduced new rules to restrict the chartering of older oil tankers a month after the Erika disaster that polluted 400 km of the France's coastline.
South Korean Ship Orders Up 127% In 1999
Combined orders received by South Korean shipbuilders totaled 12.72 million gt for 227 ships in 1999, up 127.2 percent from a year earlier, according to the Korea Shipbuilders' Association said.
Bergesen Orders Four Tankers From Hitachi
Norwegian shipping group Bergesen d.y. ordered four 296,000 dwt tankers from Japan's Hitachi Zosen Corp., for $263.7 million. Company officials said the vessels were all under construction…
Bangladesh Port Woes Cause Shippers Headaches
Strikes, and poor management and infrastructure at Bangladesh's Chittagong port are costing shippers thousands of dollars and hampering the country's external trade.
S&P's Cuts Pacific & Atlantic Ratings
Standard & Poor's lowered its corporate credit ratings on Pacific & Atlantic Holdings Inc. to 'SD' (selective default) from double-'C'. At the same time, the ratings…
MarAd Report Confirms U.S. Fleet Growth
Totaling more than 37,000 vessels available to meet U.S. shippers' transportation needs, the U.S. domestic fleet is greater than previously reported, according to the U.S.