Monday, June 12, 2000 Maritime News

Canadian Rig Forced Out By Navy

Jun 12, 2000

Suriname's navy forced a Canadian oil company to remove a rig from an offshore concession granted by Guyana as a simmering border dispute between the South American neighbors came close to a boil.

GOM Rig Count Up One

Jun 12, 2000

The U.S. Gulf of Mexico offshore rig count rose by one from last week, continuing its rise, with 166 of the region's 200 mobile offshore drilling units under contract,

S&P: FGH Outlook Remains Negative

Jun 12, 2000

Standard & Poor's affirmed its single-'B'-plus corporate credit rating and single-'B'-minus subordinated debt rating on Friede Goldman Halter Inc. (FGH). The outlook remains negative.

Global Marine Picture Brightens

Jun 12, 2000

As the offshore drilling picture continues to improve, companies such as Global Marine should experience a healthy market capitalization boost as shares fly high

Time Charters Dominate Panamax Market

Jun 12, 2000

Time charters again dominated static Panamax shipping markets. "Rates in the Atlantic are steady though new enquiries in the South American region for shorter timecharters are seeing earnings top $11,

Oil Prices Soar

Jun 12, 2000

World oil prices soared in volatile trading las Monday on short-term supply uncertainties and a question mark over whether OPEC producers would soon open their taps.

Oman, Pakistan Sign Marine Border Agreement

Jun 12, 2000

Oman's Foreign Affairs Minister Youssef bin Alawi bin Abdullah and his Pakistani counterpart Abdul Sattar signed a maritime border agreement in the Omani capital last Monday.

Hijacking Comes To Peaceful End

Jun 12, 2000

Stowaways who hijacked the 15,000 ton MV Med Star, an Italian merchant ship, off the Indian coast were persuaded to give up and the vessel was escorted to Bombay,

Specialties Cornerstone of Canadian Market

Jun 12, 2000

The past decade was a tough one for the Canadian shipbuilding market. It was a decade that produced a decline of both employment and decline of newbuilds, many

Icy Wasteland Or Shipping Utopia?

Jun 12, 2000

Controversy between the U.S. and Canada regarding the rights to the Northwest Passage became a frontburner item recently, based on the deployment by the U.S. of

Greek Ferries: The New Business Model

Jun 12, 2000

The ultra competitive Greek ferry market has not only proven to be a fertile breeding ground for advanced marine technology, it has served as a role model for the

Lubricant Technology Proven Tough Under Fire

Jun 12, 2000

When Texaco, now represented in the marine lubricants market by FAMM (Fuel and Marine Marketing), launched Taro 40 XL 40, the lubricant was designed to address

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