Wednesday, August 15, 2001 Maritime News

Trailer Bridge Announces 2Q Results

Aug 15, 2001

Trailer Bridge, Inc. reported its financial results for the second quarter ended June 30, 2001. Total revenue for the three months ended June 30, 2001 was $21,659,

Svenska Orient Line Announces Good Results

Aug 15, 2001

Increased international trade and higher demands on more efficient transportation are two factors that benefit shipping and a niche-oriented shipping company such as Swedish Orient Line (SOL).

Shippers Avoid Sri Lanka Because Of High Cost

Aug 15, 2001

Sri Lanka's port crisis deepened as insurers raised their war risk surcharges even further, prompting top shipping lines to sharply reduce services to the Colombo port.

LevelSeas Adds Key Clients

Aug 15, 2001

Internet ship-brokerage Levelseas said that seven of the world's biggest commodity traders and three key shipping players had signed up to its system, LSX, allowing

Moore Stephens Recommends Transfer Pricing Review

Aug 15, 2001

Shipping companies should take positive action now, if they want to avoid a big U.K. tax bill, say leading accountants Moore Stephens. In the current issue of Moore Stephens' shipping newsletter,

EMMF Says e-bunkering Needs People

Aug 15, 2001

ExxonMobil Marine Fuels says e-bunkering is here to stay. "But," says Joe Rud, vice-president, "People can adapt to the complex needs of bunkering better and more quickly than websites.

Three Charged With Manslaughter in Fatal Ship Collision

Aug 15, 2001

Canadian authorities acting on behalf of the United States charged the captain of a Russian-owned vessel with involuntary manslaughter on Wednesday in connection

Tropical Depression Detected in Southern Caribbean

Aug 15, 2001

The National Hurricane Center (NHC) in Miami said Wednesday that a tropical depression had formed in the Atlantic Ocean and was about 975 miles east of the Windward Islands in the southern Caribbean.

Panamax Market Remains on Road to Recovery

Aug 15, 2001

The panamax market remained on track for a recovery from the recent slump, despite various public holidays, brokers said on Wednesday. Although South Korea, India

LevelSeas Seeks Funds From Software Company

Aug 15, 2001

Internet shipbrokerage Levelseas is seeking to recoup payments from a sacked software developer, a move that illustrates the frustration many Internet start-ups

Cosco 1H Net Jumps 66%

Aug 15, 2001

COSCO Investment (Singapore) Ltd. posted a 66 percent jump in first-half net profit to S$9.25 million ($5.27 million) on greater margins from bulk shipping and its container feeder service operations.

Statoil Criticizes British Gas Plan

Aug 15, 2001

Statoil said Britain risks losing out on gas imports if it does not change its pricing system for bringing natural gas onto the mainland from offshore fields. Rune Bjornson,

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