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…
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…
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.
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…
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.
