Friday, June 29, 2001 Maritime News

Atlantic Panamax Rates Take A Step Back

Jun 29, 2001

Sentiment on the Atlantic panamax market turned weaker albeit with unchanged freight rates, while most Pacific rates now appeared to be flattening out, shipbrokers said on Thursday.

Neptune's American Eagle IPO Is A No-Go

Jun 29, 2001

Neptune Orient Lines (NOL) said on Friday its unit American Eagle Tankers had decided to withdraw its initial public offering due to market weakness. American Eagle,

French Bulk Carrier Runs Aground in Australia

Jun 29, 2001

A French-registered bulk carrier carrying a load of grain from Geelong to Taiwan ran aground in Melbourne's Port Philip Bay on Thursday night, an Australian maritime authority said on Friday.

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