Friday, January 21, 2000 Maritime News

Transatlantic Clean Tanker Rates Skyrocket

Jan 21, 2000

Clean oil tanker markets heated up, with transatlantic rates going through the roof and Mediterranean and Mideast rates also strong, brokers said. Price differentials and the U.

Tidewater To Build New Vessels For $300M

Jan 21, 2000

Tidewater Inc. will build new vessels for a total of about $300 million. The company plans to fund the program using its current cash balances, which exceed $150 million,

EU Ready To Clear Danube If Serbia Cooperates

Jan 21, 2000

Work on clearing bombed bridges from the Danube River in Yugoslavia could begin in March if Belgrade agrees next week to a proposal that the European Union would help fund, according to EU sources.

TotalFina's Spill Costs Rise

Jan 21, 2000

The oil spill from the Erika Tanker, chartered by TotalFina, has reportedly so far cost the company more than $123 million. The company announced Jan. 21 that it

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