Increased Panamax Rates Boost Market Sentiment
Higher panamax freight rates have boosted sentiment in the market amid hopes for further rates increases during the week, shipbrokers said on Monday. They gave as prime example the latest U.S.
Golar Plans To Go Above and Beyond Shipping
Norwegian shipping magnate John Fredriksen's Liquefied Natural Gas (LNG) transport company, Golar LNG, said it plans to expand beyond the shipping niche to handle the whole LNG logistics chain.
GD Extends NNS Offer
General Dynamics extended its pending tender offer for all outstanding shares of common stock (including associated rights) of Newport News Shipbuilding Inc. to midnight, EDT, on July 6, 2001.
Frontline Buys Back Shares
Frontline has bought back 50,000 of the company's common shares, at a price of NOK 165,93. Total number of outstanding shares after this is 76,912,566. The shares…
EU, S. Korea Will Try Last Minute Negotiations
European Union (EU) and South Korean officials meet next week to try to settle a row over alleged subsidies to Korean shipyards and avert an EU threat to take the…
Sedative OKd To Help Free Entangled Whale
A federal judge in Boston on Friday cleared the way for rescuers to use a sedative to free a whale tangled in fishing line while fighting for its life off the coast of Cape Cod, Mass.
Norwegian Sea: Carbon Dioxide Dumping Ground?
The Norwegian Sea could be a safe dumping ground for carbon dioxide (CO2), a gas blamed for global warming, Norway's Nansen Environmental and Remote Sensing Center said.
