April, 2000 Maritime News

Number of People Hurt In Ferry Mishap Rises To 40

Apr 28, 2000

The number of passengers injured when a P&O channel ferry rammed a dock in Calais has risen to 40, French emergency services said. Three people were seriously injured,

Relations Still Chilly At NY/NJ Port Authority

Apr 28, 2000

It may be the end of April, but there was no spring thaw at Thursday's board meeting of the Port Authority of New York and New Jersey. Port Authority commissioners had been expected to vote on a $3.

Hyundai To Build Two For NOL

Apr 28, 2000

Neptune Orient Lines subsidiary American Eagle Tankers Inc. has contracted Hyundai Heavy Industries to build two new VLCCs. No financial details were given. The two double-hulled vessels,

Tanker Rates Plateau After 90% Surge

Apr 28, 2000

Middle East tanker charter rates, up more than 90 percent since the start of the year, appear to have reached a plateau, shippers said. Worldscale rates for

Russia To Renovate Icebreaker Fleet

Apr 28, 2000

Russia will renovate its entire fleet of five nuclear-powered icebreakers plying the vital northern shipping route by 2003 by extending the lifespan of their nuclear reactors,

Asian Piracy Takes Center Stage

Apr 27, 2000

This week's kidnapping crisis in the southern Philippines has thrown the spotlight on the growing problem of piracy in Asian waters, delegates at an international maritime conference said.

NY/NJ Port Authority To Vote On $3.9B Budget

Apr 27, 2000

Board members of the Port Authority of New York and New Jersey are reportedly scheduled to vote on a $3.9 billion budget. The agenda includes reelection of top

Mitsui O.S.K. Orders Five Containerships

Apr 27, 2000

Japan's Mitsui O.S.K. Lines Ltd. (MOL) has ordered three 6,000-TEU containerships from Ishikawajima-Harima Heavy Industries Co. (IHI). Both companies declined to comment on the contract terms,

OceanConnect, Clarksons Join Forces

Apr 26, 2000

Online marine fuel supplier OceanConnect on Wednesday signed a strategic alliance with ship broking group Horace Clarkson Plc. In a statement, the company said: "Clarksons will support OceanConnect.

Westbound Tanker Markets Strengthening

Apr 26, 2000

Westbound tanker markets from the Middle East are strengthening while eastern charterers take a break, brokers said. Mideast-U.S. Gulf rates are running at about W80-85 ($17.

Bulker Gets Bow Repairs In Toledo

Apr 26, 2000

The U.S.-flagged bulker J.A.W. Iglehart is tied up in front of the shipyard dry-docks in Toledo, Ohio, undergoing bow repairs caused by a recent grounding in Detroit.

OPEC Production Up 773K/bpd

Apr 26, 2000

OPEC oil production looks likely to rise by 773,000 barrels a day in April including 225,000 bpd from Iraq, a leading tanker tracker told clients on Wednesday.

Transocean Sedco Forex Inc. Reports First Quarter 2000 Results

Apr 25, 2000

Transocean Sedco Forex Inc announced that net income for the three months ended March 31, 2000 was $32.5 million on revenues of $300.8 million. The results include a cash settlement of $25.

COSCO Launches New Shipping Service

Apr 25, 2000

China Ocean Shipping Corporation (COSCO) Container Lines has launched a weekly shipping service from Shanghai to Japan and the U.S. east coast. Operated jointly by COSCO,

Romanian Yard To Cut Losses Ahead Of Sell-off

Apr 25, 2000

State-run Romanian Black Sea shipyard Santierul Naval Constanta expects to cut losses this year and to upgrade facilities to make it more attractive ahead of its sell-off, an official said.

EU Extends Shipping Consortia Competition Waver

Apr 25, 2000

The European Commission extended for five years a block exemption allowing shipping companies to form consortia covering the transport of cargo. The Commission

French Parcel Bomb Could Be Linked To Erika Spill

Apr 24, 2000

French police found a parcel bomb near an Elf motorway service station last week, and a government official said it could have been meant as a protest against the oil spill from the tanker Erika.

Alaska Lawmakers Mull Cruise Passenger Fee

Apr 24, 2000

Cruise companies would pay a fee of $50 for each passenger sailing Alaskan waters under a bill being considered by the state legislature. The bill, which passed

France Wants Black Boxes For Tankers

Apr 24, 2000

Searching for ways to avoid oil spills, France has proposed installing a "black box" on tanker ships to track what they are carrying and whether they empty their bilges illegally on the high seas.

Royal Caribbean's First Quarter Net Rises 17 Percent

Apr 24, 2000

Royal Caribbean Cruises Ltd., a leading cruise ship company, on Monday reported a 17 percent rise in first-quarter net income. The company posted a net income of $105.

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