French Officials Call For End Of Convenience Flags
French transport officials reportedly announced that the practice of chartering oil tankers under convenience flags should be outlawed after the oil spill from the…
Bergesen Sells Tanker For Scrap
Bergesen d.y. sold its 284,520 dwt Berge Prince tanker for scrap, estimated to give a book profit of around $3 million in the first quarter of 2000. The ship, built in 1973…
Hanjin Sets Sales Target At $3.5B
Hanjin Shipping Co. announced its sales target this year is $3.45 billion, against an estimated $3.27 billion for 1999. The company's operating profit was projected…
Singapore Yard Completes $250M Transocean Rig
Singapore's Promet Private Ltd. (PPL) Shipyard completed construction of a $250 million semi-submersible oil drilling rig for offshore drilling contractor Transocean Sedco Forex.
OPEC Curbs To Stop Winter Tanker Upturn
Tanker markets are finely balanced but OPEC production cuts compliance will stop the shipping industry benefiting from its usual winter upturn, investment bank Morgan Stanley Dean Witter said.
Govan Workers Push To Win Contract
Union chiefs from Glasgow's Govan shipyard met British defense ministry officials to press their case for winning a $400 million contract that could save the yard.
Malta One Of Five Flags Responsible For Half U.K. Ship Detentions
Malta, which registered the tanker that broke up off France in December, is among five flags responsible for nearly half of all ships detained in the U.K. last year, Britain's Coastguard said.
