Wednesday, August 16, 2000 Maritime News

ABS Books Deal With MSC

Aug 16, 2000

ABS has signed a Memorandum of Understanding (MOU) with the Military Sealift Command (MSC) of the U.S. Navy that, for the first time, documents their long standing relationship.

P&O Surges On Positive Report

Aug 16, 2000

Shares in Peninsular & Oriental Steam Navigation Co. surged five percent on Wednesday as a positive newspaper report on the shipping sector highlighted better prospects for the firm.

U.S. Crude Supplies Up Slightly

Aug 16, 2000

U.S. crude oil supplies rose mildly last week, according to data from the American Petroleum Institute. The Energy Information Administration reported U.S. crude stocks rose 3.

Vela Awards Hyundai VLCC Contract

Aug 16, 2000

Vela International Marine, the shipping arm of Saudi Aramco, reportedly has awarded Hyundai Heavy Industries a contract to build four very large crude carriers (VLCCs).

Canada Takes Commercial Ship, Military Equipment

Aug 16, 2000

Armed Canadian sailors seized control of the U.S.-owned ship GTS Katie last week after a high-seas standoff in which hundreds of millions of dollars of Canadian

Time, Air Is Running Out: Russian Sub Rescue Continues

Aug 16, 2000

Russia's navy said on Wednesday it had launched a new attempt to rescue 116 sailors trapped in a powerless nuclear submarine grounded on the bed of the Barents Sea since the weekend.

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