Monday, January 15, 2001 Maritime News

OPEC Set To Slash Production

Jan 15, 2001

OPEC's president said on Monday a likely cut in oil supply by the exporting cartel was no threat to global economic growth, but aimed at avoiding a price collapse in the second quarter of the year.

OPEC Set To Slash Production

Jan 15, 2001

OPEC's president said on Monday a likely cut in oil supply by the exporting cartel was no threat to global economic growth, but aimed at avoiding a price collapse in the second quarter of the year.

Panamax Trades Steady

Jan 15, 2001

Freight rates for Panamaxes trading the Atlantic appear to be steadying, Reuters reported. The more stable tone began at the end of last week, as renewed optimism crept into the U.

Boeing, Fugro, Oceaneering Enter Partnership

Jan 15, 2001

Dutch engineering consultancy Fugro NV said that, together with Boeing Co. and Oceaneering International, it had sealed a partnership to provide underwater survey services.

Saab Sells Marine Electronics Business To Emerson

Jan 15, 2001

Sweden's Saab sold its Marine Electronics unit to U.S. electric equipment maker Emerson Electric Co. for $85.5 million. The price corresponded to 1.6 times the unit's 1999 turnover.

New Generation Container Feeder Vessel Debuted

Jan 15, 2001

Knud E. Hansen, Copenhagen has developed the next generation of container feeder vessels. The new generation was inspired by inquiries from major clients for these size feeder vessels.

Statement Released Regarding MT Castor

Jan 15, 2001

The situation aboard the motor tanker Castor, which suffered heavy weather damage on December 31 is deteriorating rapidly. The owner, manager, classification society

ExxonMobil Marine Fuels launches website

Jan 15, 2001

ExxonMobil Marine Fuels (EMMF), the world's largest supplier of marine fuels, has launched its online presence at www.exxonmobilmarinefuels.com. The website offers a broad range of services,

Greeks Boost Liberian Registry

Jan 15, 2001

Greek shipowners have boosted the Liberian Registry, committing important newbuildings to the flag. European Navigation has committed five tanker newbuildings,

Marubeni becomes Partner in iShipExchange

Jan 15, 2001

Hong Kong-based iShipExchange has announced that Marubeni Corporation of Japan has become a Strategic Partner in the internet-based procurement business for the shipping industry.

New Ferry Line Formed

Jan 15, 2001

Atteshlis Shipping clinched a deal with Poseidon Lines Shipping of Liberia to operate a ferry line in the Mediterranean under a new subsidiary, it said. The subsidiary,

Malta Drydocks, USN Contract Under Scrutiny

Jan 15, 2001

Malta's powerful General Workers' Union was scheduled to meet on Monday, January 15, 2001, on whether a contract between Malta Drydocks and the U.S. Navy violates

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