Spot Rates Rise
(trading AG-Japan) went up to USD 21,624 per day for a modern vessel; this is up 12.7% from the average of June 2001. modern Suezmax trading West Africa to US went up to USD 30…
Ship Recycling Code Launched
The recent edition of INTERTANKO News says that following two years of work on the issue of enhanced environmental and safety conditions in ship recycling yards…
IEA Raises Oil Demand Figures
An upwards revision to world oil demand means the West will need more oil from the OPEC cartel this year and next than previously thought, the International Energy Agency (IEA) said.
Tanker Blood-bath Continues
Friday's dirty tanker fixture lists revealed the full extent of this week's blood-bath on VLCC trades from the Mideast Gulf. Rates collapsed by 15 percent overnight…
NOL Shares Suspended
Shares of Singapore-based Neptune Orient Lines (NOL), the world's sixth largest container ship operator, were suspended on Friday pending an announcement. "We suggested…
