Oil Demand Flat, Diesel Demand Up
According to the February 12, 2001 monthly IEA Oil Market report, the 12-month moving average for December 2000 of oil products demand for the nine largest markets indicates a 0.1% decline.
Chem Rates Are Strong
According to Clarkson, the easy chemical rates Rotterdam/Houston 5-7,500 tons have strengthened over the last weeks from $25 per ton in November to $38 per ton mid Eebruary:
Join Intertanko For the Sydney Tanker Event
Registrations is well underway for the Annual Tanker Event in Sydney, 22-25 April 2001, with some flights already proving very popular with prospective delegates and space becoming limited.
Aker Finnyards To Build $1.5 Million Fast Surface Combatant
Aker Finnyards and the Finnish Navy have agreed on a $1.5 million contract for the construction of another Hamina-Class Fast Surface Combatant. The vessel, which will be delivered in April 2003…
Austal USA Secures Candies Vessel Duo
Austal Ltd. has reported that its U.S. operation, Austal USA, has secured a two vessel order for the construction of 150 ft. (45.7 m) aluminum crew supply vessels to operate in the Gulf of Mexico.
NY/NJ OKs $4.6B Budget
The Port Authority of New York and New Jersey approved a $4.6 billion 2001 budget, which includes more than $2 billion in capital spending, a record amount for the bi-state agency.
Clean Tanker Rates Tank
Rates for clean tankers in the Caribbean have dropped by nearly a quarter in the last 10 days, falling below the W300 mark for the first time since last July. London's…
Japanese Shipbuilders to Merge
Japanese shipbuilder Hitachi Zosen Corp and steelmaker NKK Corp. agreed to merge their shipbuilding operations into a single company on October 1, 2002. The move…
Asian Panamax Rates Rebound
Asian Panamax freight rates for dry bulk cargo bounced back this week and shipping agents said a recovery would become more evident with the start of South American export seasons in March.
Navy Hearing Pushed To March 5
The U.S. Navy bowed to a request from the captain of the Greeneville and set a March 5 hearing date for an official inquiry into the disaster in which the nuclear…
CMB Downgraded
KBC Securities downgraded its rating on Belgian shipping company CMB SA to "accumulate", due to various factors which could pressure its business. "We have decided…
Small Tanker Companies Have Edge In 2001
Tanker companies have been pumping out impressive results in recent weeks but it is the owners of smaller ships that have led the field and will continue to do so in 2001, analysts said.
Kvaerner Posts Good Results
Kvaerner posted better-than-expected 2000 profits and outlined plans to split into three companies, hoisting its share up more than five percent. The company said…
Vopak To Sell Dry Goods Line
Vopak NV plans to sell its dry goods line agent business to unlisted Dutch freight transport and logistics company Royal Burger Groep. No financial details of the transaction were released.
Three Sailors Die When Fishing Boat Sinks
Three Egyptian sailors died and four are missing at sea after their fishing boat sank in bad weather off the coast of Port Said, the state-owned Middle East News Agency (MENA) said.
Cammell Laird Rescue Attempt in Danger
The British government's attempts to save 1,500 jobs at struggling shipbuilder Cammell Laird were apparently in grave danger on Wednesday after the chairman of a…
Sri Lankan Navy Sinks Rebel Boats
The Sri Lanka navy sank two Tamil rebel boats in a pre-dawn skirmish on Wednesday in waters off the country's northern Jaffna peninsula, military officials said.
Clean Tanker Decline Deepens
Tumbling freight rates for clean tankers in the Atlantic have dropped steeply this week, and brokers pointed to the almost total closure of most transatlantic arbitrages as the reason.
Bid Launched for Worldwide Marine Census
Marine scientists from across Australia are meeting at laboratories this week as part of an ambitious $1 billion international attempt to record all life in the world's oceans…
Cruise Ship Worker Arrested for Smuggling
A crew member aboard a Miami-based cruise ship was arrested on smuggling charges after Royal Caribbean security officers found a laundry bag full of cocaine and 3…
