House Approves Bush's Alaskan Oil Drilling Plan
The Bush administration's plan to open an Alaskan wildlife refuge to oil drilling was approved by the House of Representatives early on Thursday, but it faces a tougher fight in the Senate…
U.S. Gulf Coast Braces For Tropical Storm Barry
Tropical Storm Barry, the second of the 2001 Atlantic hurricane season, formed in the eastern Gulf of Mexico on Thursday, the U.S. National Hurricane Center said.
Pacific Panamax Market Gets Ugly
The Pacific panamax sector was set to weaken further after the Baltic Panamax Index fell under 1,000 due to a lack of orders, brokers said on Thursday. "There are no orders.
Attacks on Tanker Drivers Force Loadings Suspension at Nigerian Refinery
Loadings at Nigeria's largest oil refinery have been suspended following attacks by local youths on oil tanker drivers, which left 10 tankers ablaze. A Nigerian…
A.P. Moeller Strategizes Purchase of DSL's Assets
The transport unit of Danish oil and shipping group A.P. Moeller, Maersk Logistics, said on Thursday it planned to buy certain activities and assets of global logistics…
Chinese Petroleum Corp. Exercises VLCC Tender
Taiwan's state-owned Chinese Petroleum Corp (CPC) has bought two very large crude carriers (VLCC) of West African crudes via its September tender, a company official said on Thursday.
Aframax Rates Jump 40 Percent From Mexico To Venezuela
The cost of an Aframax tanker to carry crude from Mexico and Venezuela to the U.S. has surged by 40 percent in the last week as cargo owners scrabble over a fast-dwindling fleet…
Cammell Laird Continues To Struggle; Cuts 330 More Jobs
Struggling shipbuilder Cammell Laird Plc is to cut a further 330 U.K. jobs on top of over 600 job cuts set in motion earlier this year after it entered into receivership…
KHZ to Deliver Cableships to TyCom
Keppel Hitachi Zosen Limited (KHZ) will deliver its first cable laying and repair vessel to TyCom by end August 2001. The vessel was named TyCom Reliance by Lady Sponsor…
