Pacific Panamax Rates Remain Steady
Freight rates for panamaxes trading the Pacific remained firm due to a flurry of business ahead of the Lunar New year, shipbrokers said on Tuesday. In the Far East…
Petroleos de Venezuela Delves Into E-Commerce Arena
Venezuelan state oil company Petroleos de Venezuela (PDVSA) will begin selling bunker fuel via two Internet sites later this month, its first sales project across the Web, a company official said.
Northrop May Amend Merger Agreement With Litton
Defense contractor Northrop Grumman Corp. on Tuesday said it was considering amending its merger agreement with Litton Industries Inc. to allow Litton shareholders…
Knightsbridge Tankers Announces Dividend Surplus
Knightsbridge Tankers, a Nasdaq listed firm that leases five very large crude carriers (VLCCs) to Shell International, said on Tuesday its fourth quarter 2000 dividend…
New COO At Canada Steamship Lines
Canada Steamship Lines (CSL) has appointed Gerry Carter to the position of executive vice president and COO, effective immediately. Carter, who previously served as vice president…
Bender Shipbuilding To Construct 10,000 BBL Oil Barge
Bender Shipbuilding & Repair of Mobile, Ala., has been selected to build a 150 x 60 ft. (45.7 x 18.2 m), 10,000 BBL capacity Well Test Barge for The Hanover Company of Houston, Texas.
OPEC Set To Slash Production
OPEC's president said on Monday a likely cut in oil supply by the exporting cartel was no threat to global economic growth, but aimed at avoiding a price collapse in the second quarter of the year.
OPEC Set To Slash Production
OPEC's president said on Monday a likely cut in oil supply by the exporting cartel was no threat to global economic growth, but aimed at avoiding a price collapse in the second quarter of the year.
Panamax Trades Steady
Freight rates for Panamaxes trading the Atlantic appear to be steadying, Reuters reported. The more stable tone began at the end of last week, as renewed optimism crept into the U.S.
Boeing, Fugro, Oceaneering Enter Partnership
Dutch engineering consultancy Fugro NV said that, together with Boeing Co. and Oceaneering International, it had sealed a partnership to provide underwater survey services.
Saab Sells Marine Electronics Business To Emerson
Sweden's Saab sold its Marine Electronics unit to U.S. electric equipment maker Emerson Electric Co. for $85.5 million. The price corresponded to 1.6 times the unit's 1999 turnover.
New Generation Container Feeder Vessel Debuted
Knud E. Hansen, Copenhagen has developed the next generation of container feeder vessels. The new generation was inspired by inquiries from major clients for these size feeder vessels.
Statement Released Regarding MT Castor
The situation aboard the motor tanker Castor, which suffered heavy weather damage on December 31 is deteriorating rapidly. The owner, manager, classification society…
ExxonMobil Marine Fuels launches website
ExxonMobil Marine Fuels (EMMF), the world's largest supplier of marine fuels, has launched its online presence at www.exxonmobilmarinefuels.com. The website offers a broad range of services…
Greeks Boost Liberian Registry
Greek shipowners have boosted the Liberian Registry, committing important newbuildings to the flag. European Navigation has committed five tanker newbuildings, Metro…
Marubeni becomes Partner in iShipExchange
Hong Kong-based iShipExchange has announced that Marubeni Corporation of Japan has become a Strategic Partner in the internet-based procurement business for the shipping industry.
New Ferry Line Formed
Atteshlis Shipping clinched a deal with Poseidon Lines Shipping of Liberia to operate a ferry line in the Mediterranean under a new subsidiary, it said. The subsidiary…
Malta Drydocks, USN Contract Under Scrutiny
Malta's powerful General Workers' Union was scheduled to meet on Monday, January 15, 2001, on whether a contract between Malta Drydocks and the U.S. Navy violates…
Illinois River Locks Out Vessels From Valley City To Havana
The U.S. Coast Guard said on Friday it had closed the Illinois River from Valley City to Havana, Illinois, due to rapid changes in river stages, current flow and ice movement.
Bush Urges Prudence To OPEC
The incoming Bush administration warned on Friday that an oil production cut by OPEC next week would lead to higher energy prices for U.S. consumers. OPEC members will gather Jan.
