Danube Shippers Catch A Break

Tuesday, November 07, 2000
Put in financial peril because of NATO bombing against Serbia which literally blocked its source of business, Danube shippers and port operators received good news when it was divulged that Romania's government decided to write off the debts owed to the state by Danube shippers and port operators. The debts included unpaid taxes and contributions to the state and social security budgets over April 1999-June 2000, as well as penalties, the cabinet said in a statement issued after a special meeting. Data put shippers' total debts at some 39 billion lei. Romanian shippers say they have lost some $150 million in trade since April 1999, when NATO destroyed bridges over the Danube in Serbia, on Romania's western border, blocking traffic on the river. DOE Releases Another 2.45M Barrels The U.S. Energy Department shipped 2.45 million barrels of emergency oil from the Strategic Petroleum Reserve last week, bringing total reserve oil shipments to 8.02 million barrels. The Clinton administration has loaned 30 million barrels of reserve oil to energy firms, which are supposed to refine the crude into heating oil and other petroleum products to boost supplies this winter. Of that total, 23 million barrels of the reserve oil will be delivered by the end of November and the remaining 7 million barrels will be shipped by the end of December. The borrowed oil, plus more barrels as interest, will be returned to the emergency stockpile next year.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Homecoming Scotland 2014 Fireball Championships

Lerwick Harbour is ready for an exciting week of sailing with the 2014 Fireball European Championships taking place at the port next week. As a warm-up to the main event,

Iraqi Kurdish Oil Nears US Port Despite Concern in Washington

A tanker carrying crude oil from Iraqi Kurdistan is just two days away from arriving at a U.S. port, according to ship tracking satellites, despite Washington's

Phillips 66 Marine Fueling Facility Nears Completion

Phillips 66’s previously announced marine over-the-water fueling facility at its Richmond, Calif. terminal is nearing completion. The facility, located on Canal Boulevard, and known as Pier No.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0931 sec (11 req/sec)