Friday, May 12, 2000 Maritime News

Independent Online Shipping Exchange Launched

May 12, 2000

Shipping finance specialist Tufton Oceanic is reportedly launching an independent web-based shipping chartering exchange with a group of e-commerce and investment companies.

P&O Loses Tax Appeal

May 12, 2000

P&O on Friday lost an appeal concerning whether or not VAT tax should be charged on items sold on journeys between European Union (EU) states. P&O had claimed that

Bergesen Forecasts Strong Tanker Markets, Less Scrapping

May 12, 2000

Norwegian shipping group Bergesen d.y. ASA predicts that tanker markets would stay strong due to good demand for oil, but that the number of vessels sold for scrap would fall in 2000.

SS&Y Capesize Indices

May 12, 2000

SS&Y Pacific Capesize Index Plummets 243 Points Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 243 points to 5,259 in the week ending May 8.

Offshore Rig Count

May 12, 2000

Wolrdwide Offshore Rig Counts Continue To Rise Offshore rig counts continue to rise, according to Offshore Data Services' weekly mobile offshore rig count. The U.

Bulk Carrier Trends: Panamax Activity On The Rise

May 12, 2000

The dry cargo freight market was enlivened by a higher degree of Panamax activity in most areas, while Capesize conditions remained subdued with little fresh business quoted and few fixtures reported,

Tanker Trends: Markets Lose Steam During Asian Holidays

May 12, 2000

Tanker markets cooled as Asian holidays took the steam out of recent strength, but some brokers saw it starting to simmer again last week. Holidays in Japan and

Bolivia's Shipping Hopes Hit Snag

May 12, 2000

Landlocked Bolivia's attempts to access international shipping business has hit a snag with the suspension of its ship registry office in Greece, representatives

Shipping Groups: A Need For Better Policing

May 12, 2000

The eight main shipping organizations said they have agreed the need to set up better self-policing and accident investigation procedures after the Erika pollution incident off France.

$300M Oil Rig Ordered

May 12, 2000

Oil and shipping conglomerate A.P. Moeller has placed a $300 million order with a South Korean shipyard for a new jack-up oil rig for its Maersk Drilling unit.

E-commerce Briefs

May 12, 2000

Autoship Goes Dot.Com Autoship Systems, per its partnership with Stargate, an ISP/ASP provider, has developed jointly a web site whereby their loading planning software, LPS, can be used remotely.

Nedlloyd Posts Loss

May 12, 2000

Dutch shipping firm Koninklijke Nedlloyd Groep NV posted a first-quarter net loss of $15.4 million, but said it expected full-year results from ordinary activities to be "clearly positive.

Maritrans Reports Loss

May 12, 2000

Maritrans Inc. reported a net loss for the quarter ended March 31, 2000, of $67 thousand or $.01 diluted loss per share, on revenues of $30.7 million. This compares to the quarter ended March 31,

State Approves Funds For Dredging

May 12, 2000

The Florida House and Senate on May 3 approved spending $3 million to dredge the Miami River. The vote, awaiting Gov. Jeb Bush's signature, sets the stage for the

Business Briefs

May 12, 2000

OPEC Output To Stay Steady OPEC President and Venezuelan Energy Minister Ali Rodriguez dismissed another increase in crude oil output in July, quelling speculation

Contracts

May 12, 2000

Norshipco Granted $9M Plus Contract The U.S. Navy awarded the work package on its USS Whidbey Island to Norshipco, a member of the U.S. Marine Repair shipyard family.

Maritime Stocks Take A Dive On Oslo Bourse

May 12, 2000

The All Share Index in Oslo lost a further 4.2 percent in April, and as in March the main reason for the fall was international repricing of technology stocks. However,

USCG Arrests Tanker Captain Over Leak

May 12, 2000

The Croatian captain of a Norwegian tanker faced criminal charges after U.S. Coast Guard inspectors found his ship, carrying fertilizer, had a leak when it sailed into Baltimore.

Women Soon On U.S. Subs?

May 12, 2000

U.S. Navy May Consider Lifting Female Submarine Ban The U.S. Navy has no current plans to assign women to submarine duty but should carefully consider a Pentagon

Kerr-McGee Transformation Attracts Little Notice

May 12, 2000

Despite Analyst Recommendations, Share Prices Continue To Drop Kerr-McGee Corp.'s chief executive Luke Corbett has been on a spending spree in recent years,

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