SS&Y's Atlantic Capesize Index Rose 52 Points
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 52 points to 3,534 in the week ending Sept. 20. "The steep rise in the index over the last few weeks has gradually tailed off…
SS&Y's Pacific Capesize Index Fell 16 Points
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 16 points to 3,250 in the week ending Sept. 20. "The Pacific Capesize index had a disappointing 16 point fall this week…
Rig Counts Fall Since Last Week
The U.S. Gulf of Mexico offshore rig count lost some of the ground it had made up in the last few weeks, according to Offshore Data Services' weekly mobile offshore rig count. The U.S.
Indices Post Gains, Rates Holding Steady To Firmer
The dry cargo market was quiet last Wednesday because of a holiday in Japan, but the Baltic indices posted gains as rates were perceived to be holding steady to slightly firmer, brokers said.
Clean Tanker Markets Quiet
Caribbean business proved the high spot in a quiet but slightly improved clean tanker market, brokers said on Friday, September 17. Renewed activity in the Caribbean markets pushed 30…
Virtual Yard Means Real Business For DNV
As a fitting recognition of Poland's evolving shipbuilding tradition and solid, maritime technical skills, a development dubbed the 'virtual shipyard' has been established…
The Ocean's At Our Doorstep
The fresh fruits and vegetables on your family table may be from the farms of Portugal, having made the six-day trip across the ocean in refrigerated containerships from Lisbon to the States.
Foss Tug Conversions Boost Power and Maneuverability
Two Foss Maritime conventional twin-screw harbor service tugs have been repowered and converted into azimuthal stern drive (ASD) vessels. The projects, involving 96 ft.
Baltimore Marine Industries Awarded Various Contracts
Baltimore Marine Industries (BMI) has been granted several new contracts for ship work, including one valued at more than $2 million for the drydocking and maintenance of USNS Butte…
Floating Into the Computer Age
The business of transporting multi-ton barges filled with petroleum conjures up scenes more from On the Waterfront, than The Net, historically. The tug and barge…
APL Introduces Container Industry's First Real-Time Sailing Schedule On Internet
Airline passengers have had access to interactive flight schedules on the Internet for some time. But global manufacturers and retailers who want to dispatch even…
Naval shipbuilding gets booster shot in legislative chambers
The Conferees on the Defense Authorization Bill, S.1059, for fiscal year 2000 wrapped up their conference after providing "Extended Lease" authority of 20 years…
Mitsubishi Eyes Latvian Shipping
Latvia's privatization agency said that Japan's Mitsubishi group had expressed interest in the privatization of Latvian Shipping. "Companies that are expressing…
Stake In Ferry Company Sold
SembCorp Logistics Ltd. has entered into a conditional sale and purchase agreement with Kalpin Trading and Shipping Pte Ltd. for its 30 percent stake in Auto Batam Ferries & Tours for S$2 million.
NOL Expects It To Be A Profitable Year
Neptune Orient Lines Ltd. (NOL) expects a better second half and overall profit in the current year. NOL said the bottoming out of the Asian economic crisis had…
Modular Maritime Simulation Training
Stressing the benefits associated with maritime simulation training, Dr. Gene Guest, director of MarineSafety International proposed a concept for a new wave of…
Campaign Launched Against Indian Shipbreaking Yard
The International Transport Workers Federation (ITF) and environmental group Greenpeace launched a joint campaign last week against the world's largest shipbreaking yard, located in India.
Startup Company Aims to Revitalize Economy
Through a series of coincidental meetings, Southeastern New England Shipbuilding Corporation (SENESCO) was formed by seven individuals with different, unique backgrounds.
Multi-Purpose, Double-Hull Tug Launched
A new 105 ft., multi-purpose, double-hull tug, Vera Bisso, has been launched by Bollinger Shipyards, Inc., of Lockport, La., for E.N. Bisso & Son, Inc., of Metairie, La.
Nigerian Tanker Banned From European Ports
A Nigerian-flagged tanker, the 646 gt Delmar Eagle, has been banned from entering European ports, Britain's Maritime and Coastguard Agency said. The ship was banned…
