Wednesday, March 29, 2000 Maritime News

French Ferry Holed

Mar 29, 2000

A French ferry was badly holed in France's Channel harbor of Calais after being hurled onto the jetty by high winds, owners Sea-France said. No-one was injured

EU Welcomes Tanker Rules Tightening

Mar 29, 2000

European Union transport ministers welcomed proposals to tighten safety rules for oil tankers in the wake of the disastrous Erika oil spill off France's Atlantic coast last year.

St. Lawrence Seaway Opens

Mar 29, 2000

The St. Lawrence Seaway has reopened with the first ship of the 2000 season passing through this week, the St. Lawrence Seaway Management Corp. said. "We're up and running,

Latvian Privatization Saga Continues

Mar 29, 2000

Stymied in its efforts to extract what it deems a reasonable market value, the Latvian government will decide on April 4 whether to proceed with the privatization

OPEC Raises Output

Mar 29, 2000

OPEC has seemingly bowed to U.S. pressure for cheaper oil by agreeing to higher output limits, immediately agreeing to turn up the taps by 1.45 million barrels daily, or seven percent.

Finnlines Shares Plunge On Profit Warning

Mar 29, 2000

Shares in Finnish shipping company Finnlines plunged on Wednesday after it said 2000 profit would be worse than expected due to tough competition, higher oil prices and strikes hindering business.

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