Tuesday, February 06, 2001 Maritime News

Crowley Completes Tender Offer For MTC

Feb 06, 2001

Crowley Maritime Corporation completed its tender offer and has accepted 6,099,774 shares of Marine Transport Corporation common stock. The shares tendered represent

LMS Supplies Electronics Package For Chem Tanker

Feb 06, 2001

Litton Marine Systems (LMS) has supplied bridge electronics and communications systems for a new chemical tanker under construction for Stolt Tankers at the Ujanic Shipyard in Croatia.

Oil Demand Expected To Rise

Feb 06, 2001

According to the latest oil market report from IEA, world oil demand is still projected to increase by 1.66 mbd this year, despite a downward revision reflecting economic slowdown.

Stelmar Shipping To Sell Shares In U.S.

Feb 06, 2001

Greek shipping company Stelmar Shipping Ltd. has filed with the U.S. Securities and Exchange Commission to sell 7 million common shares at $12 to $14 per share.

Howard Smith Posts Flat Results

Feb 06, 2001

Hardware and towage group Howard Smith Ltd. pointed to a difficult market for its main hardware and industrial supplies businesses on Tuesday, after posting a flat half year result.

Panamax Rates Likely To Ease

Feb 06, 2001

Asian Panamax rates for dry bulk cargo are likely to ease further this week on soft demand for mineral and grain shipment, with many spot vessels available for hire in the market.

Japanese Steelmakers Eye Consolidation

Feb 06, 2001

Japan's second-largest steelmaker, NKK Corp agreed with two other Japanese firms to consider future integration of their steel plant operations in a bid to combat severe competition.

Frontline To Spend $330M On New Tankers

Feb 06, 2001

Norway's Frontline ordered five tankers from Japanese yards for $330 million. "Two Suezmaxes have been ordered with the Sasebo Shipyard in Japan for delivery in August and October 2001,

Chinese Ship Sales Legally To Taiwan

Feb 06, 2001

More than half a century of family division ended in hugs and tears of joy on Tuesday after the first mainland Chinese ship to sail legally to Taiwan since 1949

Suez Canal Receipts Up

Feb 06, 2001

Suez Canal receipts rose to $168.1 million in December from $160.5 million in November and from $160.3 million in December 1999, the Cabinet Information and Decision Support Center (IDSC) said.

Keppel Hitachi Zosen Wins Contracts

Feb 06, 2001

Keppel Hitachi Zosen Ltd. clinched contracts worth S$60 million. Keppel Hitachi will undertake the construction of a multi-purpose supply vessel for France-based SURF,

RCL Shares Jump In Oslo Following Report

Feb 06, 2001

Shares in Royal Caribbean Cruises leapt seven percent after positive broker analyses of the group and on hopes for positive news when corporate leaders visit Oslo on Wednesday, traders said.

Maersk Sealand Projects Container Rate Rise

Feb 06, 2001

Maersk Sealand, part of Danish A.P. Moeller shipping and oil group, expects container rates to rise on the world`s main routes despite an economic slowdown in the U.

N. Sea Production Cut By Freeze

Feb 06, 2001

Freezing weather in the North Sea has forced the shut-in of close to 600,000 bpd of Norwegian oil production and is hemming in another 470,000 bpd of UK output, operators said.

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