Monday, June 25, 2001 Maritime News

Increased Panamax Rates Boost Market Sentiment

Jun 25, 2001

Higher panamax freight rates have boosted sentiment in the market amid hopes for further rates increases during the week, shipbrokers said on Monday. They gave as prime example the latest U.

Golar Plans To Go Above and Beyond Shipping

Jun 25, 2001

Norwegian shipping magnate John Fredriksen's Liquefied Natural Gas (LNG) transport company, Golar LNG, said it plans to expand beyond the shipping niche to handle the whole LNG logistics chain.

GD Extends NNS Offer

Jun 25, 2001

General Dynamics extended its pending tender offer for all outstanding shares of common stock (including associated rights) of Newport News Shipbuilding Inc. to midnight, EDT, on July 6, 2001.

Frontline Buys Back Shares

Jun 25, 2001

Frontline has bought back 50,000 of the company's common shares, at a price of NOK 165,93. Total number of outstanding shares after this is 76,912,566. The shares

EU, S. Korea Will Try Last Minute Negotiations

Jun 25, 2001

European Union (EU) and South Korean officials meet next week to try to settle a row over alleged subsidies to Korean shipyards and avert an EU threat to take the

Sedative OKd To Help Free Entangled Whale

Jun 25, 2001

A federal judge in Boston on Friday cleared the way for rescuers to use a sedative to free a whale tangled in fishing line while fighting for its life off the coast of Cape Cod, Mass.

Norwegian Sea: Carbon Dioxide Dumping Ground?

Jun 25, 2001

The Norwegian Sea could be a safe dumping ground for carbon dioxide (CO2), a gas blamed for global warming, Norway's Nansen Environmental and Remote Sensing Center said.

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