World Tanker Fleet Grows Slightly
increased by 1.4 million dwt to 311 million dwt during January to end June 2001. The Suezmax fleet increased by 1.7% whereas the VLCC fleet had a net change of 0.16%.
Oil Prices Are Down … But Are They Out?
U.S. oil prices fell Monday on renewed concerns that the OPEC cartel's recent cut in production would not be enough to counter the impact of a global economic slowdown. U.S.
Evergreen Marine Sales Down 9%
Taiwan's Evergreen Marine s made sales of T$1.55 billion in June, down 9.0 percent from the same month a year earlier. That brought accumulated sales in the first six months of 2001 to T$8.88 billion…
Hyundai Logistics Plans To Own Freighter
Hyundai Logistics Co. Ltd., one of South Korea's top three delivery companies, planned to operate its own freighter in 2007 for use between Korea, China and Japan, Reuters reported.
Alstom Wins French Navy Contract
Alstom SA secured a contract from military shipbuilder Direction des Constructions Navales to help build two military transport vessels for the French armed forces.
Imtech Wins Defense Contract
Internatio-Mueller NV said its technology unit Imtech had won an order worth $35 million from British shipbuilder Swan Hunter. Imtech will provide technical systems…
Australian's Blow Up Whale Of A Problem
Australian police have blown a hole in the rotting body of a whale that had become a troublesome attraction for tourists watching sharks feed on its massive carcass.
