Tuesday, February 15, 2000 Maritime News

Capesize Indices Rise

Feb 15, 2000

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 626 points in the week ending Monday, Feb. 14, to 4,449. "Charterers who had been watching the

Cargo Ship Goes Down Quickly After Collision

Feb 15, 2000

A Portuguese-owned cargo ship sank in 90 seconds after colliding with a larger Italian vessel last Monday, and 13 of its 14 Spanish crew were feared dead, officials said.

Mersey Docks and Harbour Announces Record Profits

Feb 15, 2000

Mersey Docks and Harbour Company Plc, the U.K.'s number two port operator last week said full-year profits reached record levels. The group, which owns the Port of Liverpool,

“Old Ship” Fears Drive Tanker Markets Higher

Feb 15, 2000

North Sea crude markets held steady mid last week, as a combination of high freight rates and absences at industry functions subdued trade. Dated Brent was assessed

Capesize, Panamax Markets Remain Firm

Feb 15, 2000

The dry cargo freight market remained firm for Capesize tonnage worldwide and for Panamaxes in the east, brokers said mid last week. Conditions remained weak for

NLNG Buys Two Gas Vessels

Feb 15, 2000

Nigeria Liquefied Natural Gas (NLNG) purchased two vessels owned by Duke Energy to transport gas from the Bonny LNG plant. The company said it had long-term chartered the ships in 1995 for 22.

Germany Will Seek $6.3M From Kvaerner

Feb 15, 2000

The European Commission asked Germany to recover $6.31 million in subsidies from Kvaerner ASA because a production ceiling at a German shipbuilding subsidiary had been breached in 1997.

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