Tanker Market Guide Available
The new publication 'Current issues facing the tanker market with emphasis on the regulatory phase-out of single-hull tankers' is now available from INTERTANKO.
U.S. Oil Imports Up
U.S. crude oil imports January to June 2001 were above the 2000 level in each month. However, crude oil imports during 3rd quarter were below the 2000-year level for each month.
Worldscale Rates Down Slightly for Year
On the whole there will only be small downward changes in the 2002 Worldscale Flat rates compared to those for 2001. and a fairly stable US Dollar. Most changes…
Substandard Shipping Discussed in St. Petersburg
INTERTANKO's Managing Director, Peter Swift participated as a speaker and panelist in the 4th International "Substandard Shipping - Solution Through Partnership" seminar held this week in St.
EU Erika I Proposals Close to Adoption
In line with the EU co-decision procedures both EU Member States (Council) and the European Parliament have to agree on proposed rules before final adoption. Last…
BP Signs Crazy Horse Hull Fabrication Contract
BP Announced it has signed a Letter of Intent with Daewoo Shipbuilding & Marine Engineering Company, Ltd. of South Korea for detailed design, fabrication and transport…
CSX Lines Launches an Independent Business and Systems Company
CSX Lines announced the formation of Horizon Services Group, created through the restructuring of the existing organization of CSX Lines. The Horizon system places…
McDermott International Reports Third Quarter Results
McDermott International, Inc. reported net income of $19.3 million on revenues of $591.2 million for the quarter ended September 30, 2001. Earnings were up 245 percent…
Farstad Receives Letter of Intent from Norsk Hydro
Farstad Shipping ASA, in co-operation with Stolt Offshore AS, has received a Letter of Intent from Norsk Hydro for a 5 year charter, plus 3 yearly options, for the newbuilding Far Saga…
Smedvig Buys Keppel’s Interest in Rig
Smedvig Asia has exercised its option to purchase Keppel Hitachi Zosen’s (KHZ) interest in the semi-submersible tender rig, West Alliance, for US$61.5 million on November 2, 2001.
Seabulk Signs Global E-Procurement Contract With SeaSupplier
SeaSupplier Ltd. (SeaSupplier), the marine e-procurement subsidiary of Stolt-Nielsen S.A. announced it has been chosen by Ft. Lauderdale, Fla., based Seabulk International…
