July, 2001 Maritime News

World Tanker Fleet Grows Slightly

Jul 31, 2001

Net tanker fleet addition of 0.5% during first half of 2001 According to Clarkson's fleet numbers, the tanker and combined carrier fleet increased by 1.4 million

Oil Prices Are Down … But Are They Out?

Jul 31, 2001

U.S. oil prices fell Monday on renewed concerns that the OPEC cartel's recent cut in production would not be enough to counter the impact of a global economic slowdown.

Evergreen Marine Sales Down 9%

Jul 31, 2001

Taiwan's Evergreen Marine s made sales of T$1.55 billion in June, down 9.0 percent from the same month a year earlier. That brought accumulated sales in the first six months of 2001 to T$8.

Hyundai Logistics Plans To Own Freighter

Jul 31, 2001

Hyundai Logistics Co. Ltd., one of South Korea's top three delivery companies, planned to operate its own freighter in 2007 for use between Korea, China and Japan, Reuters reported.

Alstom Wins French Navy Contract

Jul 31, 2001

Alstom SA secured a contract from military shipbuilder Direction des Constructions Navales to help build two military transport vessels for the French armed forces.

Imtech Wins Defense Contract

Jul 31, 2001

Internatio-Mueller NV said its technology unit Imtech had won an order worth $35 million from British shipbuilder Swan Hunter. Imtech will provide technical systems

Australian's Blow Up Whale Of A Problem

Jul 31, 2001

Australian police have blown a hole in the rotting body of a whale that had become a troublesome attraction for tourists watching sharks feed on its massive carcass.

Immigrants Try Floating In On Inflatable Mattress

Jul 30, 2001

Two Lithuanian illegal immigrants tried to float to Britain on an inflatable mattress but were spotted at sea and taken back to France. The two men were sighted

ISH Put On Watch After Announcement

Jul 30, 2001

Standard & Poor's placed its ratings for International Shipholding Corp. (ISH) on CreditWatch with negative implications. The CreditWatch placement reflects the

P&O Princess Cruises Assigned Negative Outlook

Jul 30, 2001

Fitch, the international rating agency, has affirmed the Senior Unsecured 'BBB+' and Short-term 'F2' ratings of P&O Princess Cruises (POPC), the world's third largest cruise operator.

Malaysian Port To Receive $263M Infusion

Jul 30, 2001

A Malaysian port 30 percent owned by Danish shipping giant Maersk Sealand is expected to receive a $263 million government loan for expansion, Reuters reported.

Fire Guts Ship

Jul 30, 2001

A Sao Tome-registered ship carrying charcoal from Somalia to a Gulf Arab state was gutted by fire while sailing near Yemen's Soqatra island in the Arabian Sea, Reuters reported.

Weather Shuts Down Sydney

Jul 30, 2001

Strong winds and high seas forced authorities to close Sydney's port to passenger and cargo ships on Saturday. Winds of up to 59 mph lashed the coast of New South Wales state,

Crewman Indicted On Smuggling Charges

Jul 30, 2001

A crewman aboard a Greek tanker which docked in San Francisco last weekend has been indicted on smuggling charges after authorities found hundreds of pounds (kilograms) of cocaine aboard the vessel.

ANS Crude Sold At Discount

Jul 30, 2001

A cargo of Alaska North Slope (ANS) for September delivery was sold to a California refiner at a discount of $2.75 a barrel to September West Texas Intermediate (WTI) crude.

GOM Rig Utilization Sags

Jul 30, 2001

Offshore rig utilization in the U.S. Gulf of Mexico hit a 13-month low during the week ending July 27, according to ODS-Petrodata Group. U.S. Gulf of Mexico rig utilization dropped 1.

Containership Volume To Slow

Jul 30, 2001

The giant containerships, which act as a floating conveyor-belt for international trade, are struggling to maintain volumes in the face of global slow down, shipping analysts said.

Kursk Rescue Hits Snag

Jul 30, 2001

The Russian navy said a plan to raise the Kursk nuclear submarine from the bottom of the Barents Sea hit a snag when deep-sea divers had trouble cutting through the craft's hull.

FMC Sets Hearing Date For Florida Tug Squall

Jul 27, 2001

On August 8 and 9, 2001, the Federal Maritime Commissioner's Investigative Officer will conduct hearings to develop the issues set forth in the Commission's Order

Petrobras Announces Four Oil Field Finds

Jul 27, 2001

Brazil's state oil giant Petrobras said on Thursday that it had made four "important" new oil finds that should boost its oil reserves by about 1.4 percent. Petrobras


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