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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.
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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
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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.
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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.
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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.
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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,
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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
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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
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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.
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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.
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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.
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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.
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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,
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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
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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
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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.
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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,
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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.
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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
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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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