Thursday, February 22, 2001 Maritime News

CMB Downgraded

Feb 22, 2001

KBC Securities downgraded its rating on Belgian shipping company CMB SA to "accumulate", due to various factors which could pressure its business. "We have decided

Small Tanker Companies Have Edge In 2001

Feb 22, 2001

Tanker companies have been pumping out impressive results in recent weeks but it is the owners of smaller ships that have led the field and will continue to do so in 2001, analysts said.

Kvaerner Posts Good Results

Feb 22, 2001

Kvaerner posted better-than-expected 2000 profits and outlined plans to split into three companies, hoisting its share up more than five percent. The company said

Vopak To Sell Dry Goods Line

Feb 22, 2001

Vopak NV plans to sell its dry goods line agent business to unlisted Dutch freight transport and logistics company Royal Burger Groep. No financial details of the transaction were released.

Three Sailors Die When Fishing Boat Sinks

Feb 22, 2001

Three Egyptian sailors died and four are missing at sea after their fishing boat sank in bad weather off the coast of Port Said, the state-owned Middle East News Agency (MENA) said.

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