Global Marine Reports Profit Slump
Offshore oil driller Global Marine Inc. announced that first quarter earnings fell sharply compared with the same period of 1999, but showed signs of stabilization…
Indonesia Scores Highest Number Of Pirate Attacks
Indonesia scored the highest number of pirate attacks in the first quarter of the year with 19 raids or attempted raids on shipping in its waters, the International Maritime Bureau reported.
More Bodies Recovered From Philippines Capsize
Rescuers pulled more bodies from the sea on Friday, raising to 86 the death toll from the capsize of an overloaded boat in the southern Philippines. Officials said…
As VLCC Rates Continue Upward Sprint, Modern Vessels Become Scarce
This week's sprint upwards by Mideast crude tanker rates is set to turn into a marathon as modern vessels become harder to find, brokers said, adding that experts…
Stena Line Eyes Slight Improvement For 2000
Officials of loss-making Stena Line said the company expects a slight improvement in earnings for 2000. However, they said, the recovery will not occur until the second half of the year.
Seascope Diversifies From Shipping Base
British shipbroking group Seascope Shipping Holdings Plc plans to diversify further beyond its core business despite expecting better shipping markets this year.
Submarines To Be Used As Ore Carriers?
Russian metals giant Norilsk Nickel has finished a feasibility study of a project to use nuclear submarines for ore shipments, which once started will cost $80 million, Norilsk's chairman said.
Rotterdam: News From The World's Largest Port
Baltica Line has risen the frequency of its Saint Petersburg service . By deploying a third vessel it is possible to offer a sailing from Rotterdam every five days instead of 10. Mr.
Evergreen Changes Pacific Schedules
Evergreen announced changes to its Pacific Coast/ Far East services in order to improve transit times and benefit customer service requirements between Asia and U.S.
Delayed Evolution
reason that maritime - as usual - will be slow to catch the wave. A frantic dash to set up tanker trading and information websites is being touted as the end of the traditional shipping marketplace…
OPEC Mulls Adjusting Output Again In The Face Of Plummeting Prices
OPEC President Ali Rodriguez said that the oil cartel could alter its production levels before its members meet again in June if the 20-day average price of its…
Oslo Stock Watch
Shipping and offshore shares performed well in March with an increase in the Shipping Index of 2.3 percent. The Oslo market as a whole fell 2.2 percent, much due…
RINA Report Deflects Sole Blame In Ship's Loss
Facing intense international scrutiny from within and outside the maritime community following the break-up and loss of the Maltese-flag tanker Erika, Italian classification…
