Britain Investigates Report Of Port Blocking Falkland Ships
Britain's Foreign Office is investigating a report that an Argentine port authority had said it would bar ships registered in the Falkland Islands from docking.
Luka Sees Intereuropa Merger In July
The merger between Slovenia's port operator Luka Koper and shipping firm Intereuropa is expected to take place on July 1, according to Luka Koper officials. The…
Fog Stops Houston Channel Shipping
Fog halted shipping on the Houston Ship Channel late on Jan. 10, but traffic was expected to resume Jan. 11 as temperatures rose and visibility was restored, the Houston Pilots Association said.
Holland America Books Largest Number Of Customers For World Cruise
Approximately 925 passengers paying as much as $250,000 per cabin made the round-the-world cruise that departed on Jan. 6 on Holland America Line's flagship the Rotterdam…
Eimskip Wins Two-Year Deal With Nordural
Icelandic aluminum producer Nordic Aluminum (Nordural) has awarded a two-year contract to transport group Eimskip. Nordural officials did not release the value of the deal…
Hanjin Buys $120M Worth Of Containers
South Korea's Hanjin Shipping Co. Ltd. has reportedly ordered 43,000 containers worth about $120 million from Jindo Corporation and China International Marine Containers (Group) Co.
Attica To Deploy Ferries In Baltic Sea
Greek ferry operator Attica Enterprises will deploy four new car-passenger ferries in the Baltic Sea in 2001, according to company officials. The 29,800-grt Superfast…
Two Salvage Firms Present Plan To Pump Oil From Tanker Wreck
Two Salvage firms - France's Les Abeilles International and Smit Internationale of the Netherlands - have reportedly told French authorities they could start recovering…
GD Appoints Welch As Senior VP
General Dynamics (GD) has named John K. Welch as senior vice president of the corporation and head of the marine systems group, which includes all of the company's…
Product Tanker Stays Strong In Mideast
The New Year started much as the old left off with product tanker markets strong Mideast-Far East and Tran-Atlantic but weak elsewhere. LR2 tanker rates for Mideast…
EU Pledges Clean-Up Of Unsafe Tankers
Following the latest oil spill incident off of France, the EU has said it will study ways in which to clamp down on unsafe oil tankers. The EU executive plans to…
Navy Choses Electric Drives For DD-21
The U.S. Navy will use electric drive in its new class of DD-21 destroyers. The new warships will use a diesel or turbine engine to propel the DD-21 and generate electric power…
GOM Well Fire Addressed
Callon Petroleum Co. reported that all equipment and manpower were in place to bring the fire on its South Marsh Island Block 261 well in the Gulf of Mexico under control.
SS&Y Capesize Indices Fall
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 125 points to 4,293 in the week ending Dec. 29. "The final Pacific Capesize Index of 1999 brought…
Offshore Rig Counts Make Mixed Moves
Offshore rig counts in the world's largest drilling markets made mixed moves this week, bringing the end to a year that was less than kind to the world's offshore rig owners. The U.S.
Dry Cargo Market Mixed
A one point gain on the Baltic Dry Index to 1,320 disguised some significant differences in freight market movements since the last trading day by the Baltic Exchange on December 24, brokers said.
Tanker Rates Expected To Rise In Year's First Half
Large tanker rates will increase during the first half of 2000 but freight prices will ease in the second period as new VLCCs are delivered, Norwegian shipbroker P.F. Bassoe A/S & Co. said.
Throughput At Port Of Rotterdam Falls 3.5%, But Conditions Are Improving
At 303.9 million tons, cargo throughput in the port of Rotterdam in 1999 fell by 3.5 percent. This decrease is less than the 3.7 percent in the first half-year,…
Oil Averages $18 In 1999
Oil prices in 1999 posted a 35 percent increase on average over 1998 in a triumph of output restraint by exporter group OPEC and key ally Mexico. International benchmark…
Transportation Accidents, Natural Disasters Mar 1999
o Jan 25 - A powerful earthquake rips through Colombia's central coffee-growing region killing at least 1,170 people. It measures 6.3 on the Richter scale. o Feb…
