Tuesday, August 28, 2001 Maritime News

ThyssenKrupp To Selling Shipping Unit

Aug 28, 2001

ThyssenKrupp AG will reportedly gain more than $350 million from the sale of its Krupp Seeschiffahrt shipping unit. The unit, which has annual turnover of about $200 million,

AP Moeller Expects Higher Profits in 2001

Aug 28, 2001

According to the company, AP Moeller expects that its full-year group profits to be higher than the nearly $1.2 billion booked in 2000. AP Moeller operates Maersk-Sealand

Enterprise Ships Arrested

Aug 28, 2001

As shipping companies continue to suffer with the sagging world economy, bondholders who financed the Greek-controlled shipping company Enterprises Shipholding

Freight Rate Downturn Continues

Aug 28, 2001

The downhill slide in freight rates for long range (LR) cargoes of petroleum products from the Gulf steepened last week as cargo awards failed to emerge, brokers said.

Hyundai Mipo Gets Chem Carrier Contract

Aug 28, 2001

Hyundai Mipo Dockyard reportedly won a $60 million order to build two chemical carriers. Following this announcement, the builder's orders to build and repair vessels so far this year to $980 million.

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