Wednesday, November 03, 1999 Maritime News

Ports Push For Fed Funding For Deep Draft Navigation

Nov 03, 1999

U.S. public ports testified Wednesday, November 03, 1999, at a hearing before the House Transportation and Infrastructure Subcommittee on Water Resources and Environment

Timecharter Fixtures

Nov 03, 1999

Iolcos Grace - (built 1990) 71,749 dwt del Dalian prompt 4-6 months trading $9,000 daily Chinese charterers. North Countess - (built 1986) 70,280 dwt del Kinuura Nov 305 months trading $8,

Baltic Panamax Index Down

Nov 03, 1999

The Baltic Panamax Index was down 3 to 1,253 points last Wednesday, the Capesize down 16 to 1,739, the Handy Index down 4 at 954 and the Dry Index down 7 to 1,313 points.

Fleet of 14 Ferries Sold

Nov 03, 1999

New World Development Co has agreed to buy a fleet of 14 ferry vessels, a depot and ancillary assets from Hong Kong Ferry (Holdings) for HK$155 million. The purchase

New Gas Shipping Firm Formed

Nov 03, 1999

Bergesen d.y. Group ASA plans to set up with A.P. Moeller a new gas shipping firm, Skandigas Ltd. Skandigas will specialize in semi-cooled gas ships of between 8,

OPEC Compliance Slips

Nov 03, 1999

OPEC compliance with supply curbs appears to have fallen in October but from a level revised higher for September, according to a leading consultant. Preliminary

Iran Charters 550,000 ULCC

Nov 03, 1999

Iran has chartered a 555,000 dwt ULCC for floating oil storage to replace two VLCCs, tanker brokers said. The 1979-built Sea Giant is scheduled to be delivered

Inmarsat To Concentrate On High Bandwidth Multimedia Services

Nov 03, 1999

As per the company's Board of Directors, Inmarsat has decided, after a comprehensive detailed analysis, that it will not be proceeding any further with direct investment

Moore Stephens Warns Of Internet's Risk

Nov 03, 1999

Moore Stephens has alerted the shipping industry to be wary of the Internet. Per the most recent edition of its in-house newsletter, Bottom Line, the company informs

Friede Goldman and Halter Complete Merger

Nov 03, 1999

Friede Goldman International, Inc. and Halter Marine Group Inc. have announced the two companies have completed their previously announced merger and the name of

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