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Nov 19, 1999
The accord between China and the U.S. on Beijing's entry to the World Trade Organization (WTO) will boost trade and benefit transport companies in both countries, industry officials said.
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Nov 19, 1999
Offshore rig activity changed little from last week, according to Offshore Data Services' weekly mobile offshore rig count.
In the U.S. Gulf of Mexico, 145 of
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Nov 19, 1999
Sentiment was lifted in the dry cargo freight market last Tuesday by both an actual and potential fresh chartering inquiry from grain and coal charterers in particular, brokers said.
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Nov 19, 1999
A continued slide in Middle East tanker rates to near year lows was expected to end this week by the emergence of Saudi stems and a resumption of Iraqi exports, shipping brokers said.
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Nov 19, 1999
Oil inventories are getting so tight that commercial stockcover held by oil companies could hit minimum operating levels by early next year, London's Center for Global Energy Studies warned.
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Nov 19, 1999
Pirates sprayed bullets into an Australian family yacht near the coast of Yemen and the holidaymakers were eventually rescued by a Saudi Arabian oil tanker, one of the victims said.
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Nov 19, 1999
A day-long nationwide strike called by Bangladesh's opposition parties last Tuesday (Nov. 16) dealt a fresh blow to the country's shipping sector, already hit by political unrest in the country,
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Nov 19, 1999
Maritime employers agreed last week to end a lockout at Canada's West Coast ports that stalled millions of dollars in cargo shipments for eight days in a dispute
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Nov 19, 1999
Worldwide, the road to success in the ship and boatbuilding market is literally paved with companies that have gone belly up, been acquired or are currently hanging by a literal thread.
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Nov 19, 1999
The International Bunker Industry Association (IBIA) pointed out the role that Asia will play in the future of the marine fuels industry.
As announced at IBIA's
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Nov 19, 1999
OMI Corp. has agreed to attain one of two Suezmax tankers currently under construction in Korea from Mega Tankers ASA of Oslo. The second tanker is being acquired by Frontline Ltd.
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Nov 19, 1999
Known for its place in the marine and industrial protective coatings industry, the Hempel Group is scheduled to open a new state-of-the-art production facility in early 2000.
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Nov 19, 1999
TransCoastal Marine Services, Inc. reported revenues of $25.7 million for the quarter ended September 30, 1999 compared to revenues of $44.9 million for the same quarter in 1998.
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Nov 19, 1999
Panamax tanker specialist Pegasus Shipping is discussing the restructuring of its $150 million 1997 junk bond issue with noteholders.
"Pegasus Shipping...is holding
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Nov 19, 1999
Ferry operator Stena Line purchased smaller Swedish ferry group Scandlines AB from the state owned railway group SJ for $67.5 million.
Scandlines, with 1,180 staff,
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Nov 19, 1999
Adsteam Marine Ltd. is performing better than in the same period last year, but company officials said no decision has yet been made on or not to sell the firm's stake in Holyman Ltd.
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Nov 19, 1999
Italian shipping company Premuda SpA has completed a $30.9 million bond issue in order to acquire more ships.
The bond issue will give Premuda greater liquidity
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Nov 19, 1999
Moody's Investors Service placed the long term debt ratings of Royal Caribbean Cruises Ltd. on review for possible upgrade based on its improved debt protection measures,
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Nov 19, 1999
Increasing bunker prices will push Worldscale tanker rates up by around 1.5 percent next year but prices on some routes will fall due to lower port dues and exchange rate fluctuations,
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Nov 19, 1999
Houlder Sells Holdings In Tanker Broker Panel
Shipbroker Howard Houlder (Chartering) Ltd. has sold its shareholdings in the London Tanker Broker Panel back to
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