Arab Maritime Seeks $120-M Loan For New Tankers

Monday, July 26, 1999
Arab Maritime Petroleum Transport Co. is reportedly raising $120 million to partly finance new tankers for its fleet and to help refinance existing loans, bankers said on Sunday.

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Bulk Carrier Trends

Higher Capesize Demand Pushes up Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday buoyed by higher demand for capesize vessels.

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The Baltic Dry Index (BDI) ’s positive effect on capacity being removed from the fleet did not continue into Q2 2016, as capesize demolition came to a halt. The

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