Monday, January 22, 2001 Maritime News

Ships Collide In Busy Bosphorus Straits

Jan 22, 2001

A Turkish-flagged cargo ship sank on Sunday after colliding head-on with another vessel in the Bosphorus straits, the coast guard said. The stricken Kaptan Cavit's

Castor Salvage Ops Underway

Jan 22, 2001

A salvage operation began on Sunday to prevent Castor -- a stricken petrol tanker lying off Spain -- from cracking open and spilling thousands of tons of gasoline into the western Mediterranean,

Daewoo Plans To Pay Debt Early

Jan 22, 2001

The shipbuilding unit of South Korea's troubled Daewoo Group expects a net profit and more profitable orders in 2001 as it charts a new, independent course. Daewoo Shipbuilding & Engineering Co,

P&O Raised

Jan 22, 2001

Morgan Stanley Dean Witter raised its rating for U.K. cruise operator P&O Princess Cruises Plc to "outperform" from "neutral" with a 12-month price target of 360 pence.

News Drives A.P. Moeller Shares Down

Jan 22, 2001

Shares in A.P. Moeller dropped three percent after news reports container traffic growth was slowing due to the weaker U.S. economy. At 1005 GMT Moeller's two shares,

CMB Upgraded

Jan 22, 2001

ING Barings reportedly upgraded its earnings forecast for Belgian shipping company CMB for 2000, 2001 and 2002 after the company reported extremely strong preliminary 2000 results.

Finnish Stevedore Strike Halts Traffic

Jan 22, 2001

Three-quarters of Finnish export traffic was halted on Monday by a stevedores strike after the failure of weekend talks between between employer and employee representatives.

Grounded Ship Threaten Pristine Environ

Jan 22, 2001

The global conservation body WWF called on Sunday for limits to shipping off Ecuador's Galapagos islands where oil pouring from a grounded tanker is threatening

BDI Sheds 7

Jan 22, 2001

The Baltic Dry Index (BDI) dropped seven points to 1,559, the Baltic Panamax Index (BPI) gained two points to 1,641, the Baltic Handymax Index (BHI) fell 26 points to 8,

A.P. Moeller Fleet Grows 12%

Jan 22, 2001

A.P. Moeller's fleet grew by 12 percent in 2000, maintaining the company's position as the world's biggest container operator, according to French shipping consultancy BRS Alphaliner.

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