Hyundai Low Bidder On Kuwait Oil Pier Project

Wednesday, May 24, 2000
South Korean Hyundai presented the lowest bid of $326.5 million in a tender for a new oil export pier in Kuwait. The Kuwait National Petroleum Co (KNPC) tender is for engineering, procurement and construction of a new oil pier and associated topside facilities at Mina al-Ahmadi refinery.

Tanker Trends

Big Tankers' Need for Retrofit Slows Use of New Panama Canal

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Russian Tanker Detained in Malaysia

The Malaysian Maritime Enforcement Agency (MMEA) detained a Russian oil tanker Zolotoi Most along with 25 crew members for anchoring off Tanjung Piai without authorization,

Finance

Singapore's SembMarine to Take Full Control of PPL Shipyard

Singaporean rig builder Sembcorp Marine Ltd said it had agreed to buy the 15 percent of PPL Shipyard Pte Ltd it did not already own for about $115 million from

Pressure Mounting on VLGCs Rates - Drewry

A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.

Investors to Acquire $1.5 bln Shipping Portfolio from NORD/LB

NORD/LB Norddeutsche Landesbank and KKR Credit have reached an agreement by which, subject to completion of certain conditions precedents, KKR Credit, together

 
 
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