01 Aug 2001
Panamax Rates Drop To Lowest In Decades
Panamax freight rates touched their lowest levels in years and prospects for a quick recovery in the sector are remote, shipbrokers said on Wednesday. Overall, panamax…
01 Aug 2001
Clean Tanker Rates Drop Another 10 Points
Clean tankers in the intra-Asian trades have suffered an eighth week of stagnant trading, causing rates to slip another 10 points to W240 ($15.69 per ton), Singapore brokers said on Wednesday.
01 Aug 2001
Petrobras Declares Force Majeure On Oil Deliveries in Santos and Rio
Brazil's state oil giant Petrobras said Tuesday it declared force majeure on Monday on oil deliveries to barges in the ports of Santos and Rio de Janeiro. Petrobras…
01 Aug 2001
Norwegian Petro Geo-Services Shares Dip 5.2 Percent
Shares in Norwegian offshore services and seismic firm Petroleum Geo-Services (PGS) slid on Wednesday on concerns that the sector could be hit by a U.S.-led slowdown, analysts said.
