Monday, October 11, 1999 Maritime News

Cyprus Complains To EC About Ship Detention Rates

Oct 11, 1999

Senior Cypriot maritime officials fended off criticism from delegates over the Cyprus fleet's detention rate, claiming the flag is being victimized. Cyprus has

Panama Canal To Be Run As Business After Handover

Oct 11, 1999

The Panama Canal will be run as a competitive business for the benefit of the Panamanian people after it reverts to national control at year's end, the waterway's administrator said.

SS&Y's Atlantic Capesize Index Rises 186 Points

Oct 11, 1999

Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 186 points to 3,868 in the week ending Oct. 4. "The upward curve of the index remained steep

SS&Y's Pacific Capesize Index Unchanged

Oct 11, 1999

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index was unchanged at 3,287 in the week ending Oct. 4. "The Pacific is not matching the rapid progress

U.S. Offshore Rig Demand Continues To Rise

Oct 11, 1999

The U.S. Gulf of Mexico offshore rig count is at its highest level in nearly a year, according to Offshore Data Services' weekly mobile offshore rig count. A four-rig increase in the U.

Capesize Index Jumps As Rates Rise

Oct 11, 1999

The Baltic Capesize Index jumped 39 points to 1,508 last week as caper rates continued to rise worldwide, brokers said. Ilva was reported to have fixed 130,000

Rates Steady On Tightening Tonnage Levels

Oct 11, 1999

Charter rates for crude tankers in the key Middle East market steadied at the beginning of last week after rising over the last few days on tightening tonnage levels.

Kvaerner Sells Norwegian Shipyard

Oct 11, 1999

Kvaerner sold its Leirvik AS shipyard in Norway to a unit of Saevik Holding AS. Kvaerner, which plans to quit shipbuilding by the end of 1999 as part of a thorough restructuring,

Oil At Sea Drops Sharply In Q3

Oct 11, 1999

Volumes of oil stored at sea shrank sharply during the third quarter with the consequent deliveries to refiners preventing a larger draw in onshore inventories, U.

Atlantic Container Rates To Soar

Oct 11, 1999

Starting next year, the price to ship a container across the Atlantic ocean is to soar, as container shipping lines on the Atlantic will be seeking hefty rate increases s next year.

U.K. Drilling Activity 39 Percent Of 1998 Levels

Oct 11, 1999

U.K. offshore oil and gas appraisal and exploration drilling so far this year is only 39 percent of 1998 levels with no significant new drilling activity reported in the week ending Sept.

MMS Awards Contract For Royalty Reengineering

Oct 11, 1999

The U.S. Department of the Interior's Minerals Management Service awarded a $47 million, seven-year contract to Andersen Consulting to develop, install and operate

Graykowski: U.S. Ports Investing $9 Billion

Oct 11, 1999

U.S. public port authorities will invest just over $9 billion in the next five years to improve and expand their facilities, according to Deputy Maritime Administrator John Graykowski,

Swedish Marine Insurers: Achieving Stability In A Stormy Market

Oct 11, 1999

While the impact of poor freight rates and low oil prices have been felt in all quarters of the Scandinavian maritime industries, the region's hull underwriters

Specialty Barge To Be Acquired

Oct 11, 1999

The Marine Design Center (MDC) of the U.S. Army Corps of Engineers (USACE) intends to attain an inland river style specialty barge to serve on the U.S. Army Corps of Engineers,

Carnival Cruise Lines Founder Dies

Oct 11, 1999

Ted Arison, a pioneer of the modern-day cruise industry, died Oct. 1 in Tel Aviv, Israel, of heart failure. He was 75. A family tradition in shipping helped Arison

Specialty Barge To Be Acquired

Oct 11, 1999

The Marine Design Center (MDC) of the U.S. Army Corps of Engineers (USACE) intends to attain an inland river style specialty barge to serve on the U.S. Army Corps of Engineers,

USCG Announces Enviro Award Program

Oct 11, 1999

The USCG is accepting applications for the biennial William M. Benkert Marine Environmental Protection Award program. The award recognizes environmental excellence

Cummins Announces IMO Emissions Compliance

Oct 11, 1999

Cummins Marine, a division of Cummins Engine Company, is the first marine diesel engine manufacturer to receive IMO MARPOL 73/78 Annex VI emissions Statements of Compliance from the U.

500-Ton License Preparation Offered

Oct 11, 1999

Dr. William B. Eisenhardt, provost of Maine Maritime Academy (MMA) announced the college has recently received approval from the USCG to offer a 500-ton, STCW 95-compliant

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