Bush Comments Buoy Oil Markets
U.S. oil prices rose Thursday as traders jumped at buying opportunities after OPEC's agreement on production cuts sent prices falling Wednesday. Crude oil for February…
P&O Business Remains Firm
British shipping firm Peninsular and Oriental Steam Navigation Company said that overall trading conditions at its core ports, ferries and logistics businesses had remained firm in the fourth quarter.
Howard Smith Claims Tug Division
Howard Smith Ltd. said its tugboat division was not for sale, despite market speculation about an impending divestment that boosted its share price. "We do not have…
Hanjin Profits Expected To Rise
Hanjin Shipping said it aimed to generate $410 million in operating profit this year, up from an estimated $355 million last year. Hanjin, a shipping unit of South Korea's Hanjin Group…
U.S. Lawmakers Seek New Ban On Alaska Crude Exports
Twelve U.S. lawmakers asked that President Bill Clinton, who has only two days left in office, re-impose a ban on exports of Alaskan crude oil in order to protect…
Australia Numbers Confirm LR Quality
The Australian Maritime Safety Authority (AMSA) figures released this month show that 125 ships from a total number of 2,926 inspected during the period January to December 2000 were detained.
Clean Power For Southern California Charter Fleet
Working out of San Diego's Fisherman's Landing Marina, J.J. Gerritsen recently repowered his 65 x 22-ft. aluminum charter fishing boat dubbed Apollo. For Gerritsen…
Horizon Delivers New Z-drive Tug For Dixie Towing
Horizon Shipbuilding of Bayou La Batre, Ala., delivered a Cummins-powered Z-drive tug to Dixie Towing of Jacksonville Florida on January 12, 2001. The 70 x 26-ft.
Fog Closes Traffic On Houston Ship Channel
Thick fog halted all traffic on the Houston Ship Channel Wednesday, the Houston Pilots association said. Pilots who guide ships along the 54-mile channel stopped boarding vessels at 10:10 p.m.
Japan Shipbuilding Contracts Soar
Ship export contracts concluded by Japanese shipyards in December surged 148.2 percent from a year earlier to 1,657,340 grt or 29 vessels, the Japan Ship Exporters' Association said.
OPEC Set To Cut Output
OPEC Secretary-General Ali Rodriguez said the cartel could cut up to an additional one million barrels a day from its production in March, after OPEC ministers agreed…
PDVSA To Sell Bunker Fuels On Internet
Venezuelan's Petroleos de Venezuela (PDVSA) will begin selling bunker fuel via two Internet sites later this month, its first sales project across the Web, a company official said.
Panamax Trades Firm
Freight rates for Panamaxes trading the Pacific remained firm due to a flurry of business ahead of the Lunar New year, shipbrokers said on Tuesday. In the Far East…
Barges Start Moving South of Peoria
Barges were moving through the LaGrange Lock south of Peoria on the Illinois River on Tuesday after workers broke through a wall of ice near the lock late on Saturday, U.S.
Alabama Shipyard Signs Another Tug/Barge Contract
Alabama Shipyard has signed a contract to build an articulated tug and barge (ATB) vessel for Allied Transportation Company of Norfolk, Va. Both vessels will be…
PTC Reports 1Q Results
PTC, the product development company, reported revenue totaling $234.9 million for the first quarter ended December 30, 2000, compared to $239 million for the same period last year.
Transas, Primar Sign Agreement
Transas Ltd., the exclusive distributor of Russian ENCs, has concluded an agreement with PRIMAR, the official regional electronic navigation chart (ENC) coordinating center.
ABS: Castor pollution fears may have been exaggerated
Comprehensive oil spill and blast assessment analyses indicate that there is little likelihood of significant pollution or environmental hazards associated with…
Mammoth Bunker Vessel Planned
The Verenigde Tankrederij (VT) from Rotterdam will order the largest bunker vessel so far. With a size of 8,000 tons (135 m long) it is twice the size of the present largest bunker vessel.
ShipVertical, DHL Reinforce Maritime Logistics Coverage
shipment of goods worldwide, to provide online services for the maritime sector. The agreement enables both parties, ShipVertical Internet Group and DHL International…
