U.S. Oil Prices Surge Nearly $2
U.S. oil prices rocketed almost two dollars Wednesday on word that Saudi Arabia would reduce February crude sales by five percent despite U.S. appeals to the OPEC…
Asian Panamax Rates Heading Up?
Asian Panamax rates for dry bulk cargo are likely to inch up later this week on brisk demand for grain shipment after easing slightly in thin trade last week on the New Year holidays…
ABS Steps Up Castor Response
ABS, the classification society of record for the damaged product tanker Castor, has stepped up its assistance efforts in response to the continuing failure of any…
Mariners Learn Get LNG Handling Experience At MSI
Maneuvering trials and Shiphandling training for Guayanilla, Puerto Rico Masters, Pilots and tug Masters were conducted at MarineSafety International's Newport Simulator…
Tidewater To Build 12 New Vessels For $305M
Tidewater Inc. has signed contracts with two Far East shipyards for the construction of eight vessels as part of Tidewater's new build program announced in January 2000.
Atlantic Panamax Rates Firm Up in Far East
Atlantic panamax freight rates are softer in contrast to returns for panamaxes trading the Far East where rates are firmer, shipbrokers said on Tuesday. Atlantic freight rates…
Turkish Shipping Panel Mulls Safe Sailing Through Bosphorus
Turkish shipping experts will reportedly meet soon to discuss how to safely sail a giant aircraft carrier without engines through the Bosphorus that bisects the country's biggest city.
Coflexip Stena Offshore Closes On Aker Maritime Acquisition
Coflexip Stena Offshore (CSO) has finalized with Aker Maritime, the acquisition of its deepwater operations. The company's Deepwater Division, which is headquarted in Houston…
Iraqi Oil Exports Drop For Week
Iraqi oil exports plunged to 257,000 bpd as a single tanker was loaded in the week to Jan. 5, a U.N. spokesman said on Monday. The Astro Beta loaded 1.8 million…
Mexico Oil Export Ports Closed
Two of Mexico's chief oil export ports were closed on Tuesday, Reuters reported, because of strong winds and waves in parts of the Gulf of Mexico, port officials said.
Nickel Ship Sinks
Inco Ltd., the western world's biggest nickel producer, said a ship carrying 2,200 tons of nickel in matte from its Indonesian unit PT Inco, worth an estimated $13 million…
AAPA: Study Proves Need For Improvement
The American Association of Port Authorities (AAPA) welcomed the recent release of the U.S. Department of Transportation (U.S. DOT) "Report to Congress on National…
Alabama Shipyard to Build Two OSVs for Hornbeck Offshore Services
Atlantic Marine, Inc. has signed a contract with Hornbeck Offshore Services, Inc. of Mandeville, Louisiana to build two (2) large, high capacity, Offshore Supply…
Plans Laid For Aircraft Carrier Bosphorus Transit
Turkish shipping experts will meet soon to discuss how to safely sail a giant aircraft carrier without engines through the Bosphorus that bisects the country's biggest city…
Carib Tanker Rates Tank In New Year
Caribbean dirty tanker trades have sustained a massive hit, tumbling from W255 at the end of last week to W202.5, New York brokers said. "The holiday doldrums have…
NOL To Buy GATX Logistics For $210M
Shares of Singapore shipping and logistics firm Neptune Orient Lines (NOL) rose 7.5 percent on Tuesday, buoyed by its deal to buy U.S.-based GATX Logistics for $210.5 million in cash.
Oil Prices Steady
Oil prices steadied on Tuesday after a technical rout the previous day wiped more than 60 cents off a barrel of crude, although prices remain firm on expectations OPEC will curb output soon. U.S.
Singapore Bunker Market Is Under Pressure
The Singapore bunker fuel market is coming under mounting pressure from arrivals of arbitrage cargoes of high-viscosity fuel oil in January and February, traders said.
Ecuador Banana Exports Plummet
Ecuador's banana exports dropped 10.6 percent in 2000 compared with 1999, due to an oversupply of the fruit in international markets, the Corporation for the Promotion…
Warmer Temperatures, But Mississippi Traffic Still Slow
Warmer temperatures across the U.S. Midwest were seen easing navigation on the Mississippi River near St. Louis but barge traffic continued slow on the Illinois River due to ice buildup…
