Friday, August 10, 2001 Maritime News

Spot Rates Rise

Aug 10, 2001

Average July 2001 tanker spot freight rates slightly up from June The average spot freight rates (time charter equivalent rate) for VLCCs (trading AG-Japan) went up to USD 21,

Ship Recycling Code Launched

Aug 10, 2001

The recent edition of INTERTANKO News says that following two years of work on the issue of enhanced environmental and safety conditions in ship recycling yards,

IEA Raises Oil Demand Figures

Aug 10, 2001

An upwards revision to world oil demand means the West will need more oil from the OPEC cartel this year and next than previously thought, the International Energy Agency (IEA) said.

Tanker Blood-bath Continues

Aug 10, 2001

Friday's dirty tanker fixture lists revealed the full extent of this week's blood-bath on VLCC trades from the Mideast Gulf. Rates collapsed by 15 percent overnight

NOL Shares Suspended

Aug 10, 2001

Shares of Singapore-based Neptune Orient Lines (NOL), the world's sixth largest container ship operator, were suspended on Friday pending an announcement. "We suggested

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