SS&Y Index Falls
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 97 points to 4,549 in the week ending Monday, January 29, 2001. "The Chinese holidays added to weakness in the Pacific…
Is Cammell Laird In Trouble?
British shipmaker and repairer Cammell Laird has been struck a heavy blow by the termination of a key cruise ship contract, which it said on Monday would have a "significant impact" on year results.
Ferry Fire, Sinking Kills At Least 14
The Ukrainian coastguard found 14 corpses and 32 survivors marooned for two days in lifeboats and rafts in the Black Sea after a storm engulfed a small ferry. Five people were missing.
Hellenic Shipyards To Go On Block
Greece's development ministry appointed Alpha Finance to advise it on the planned sale of Hellenic Shipyards. Alpha Finance will undertake all activities on finding…
Maersk Logistics To Open New Offices
Maersk Logistics is to open six new offices in Central America, Mexico, and the Caribbean. With the opening of the new offices, Maersk Logistics has a total of eight offices in the region…
Galapagos’ Latest Natural Wonder … Jessica?
It seems that the stricken oil tanker that fouled Charles Darwin's Galapagos island paradise cannot be moved and is set to become an artificial reef, teeming with…
Freighter Freed
A Panamanian registered freighter carrying potash that ran aground between Germany and Denmark was freed by tugboats on Sunday and will go to a Danish port for checks, coast guard officials said.
Suez Deepening Proceeds
Work on deepening the Suez Canal to 62 feet (18.9 m) from 60 feet will be completed soon, a Suez Canal Authority official said. "Work on deepening the canal has come to an end…
