Militants Release Royal Dutch/Shell Hostages

Friday, September 29, 2000
Royal Dutch/Shell said on Friday that 12 of its Nigerian oil workers abducted by militants in the Niger Delta have been released.

A spokesman for Shell said he had no immediate details and had not been directly in contact with the freed workers, whose captors had demanded compensation for a 10-year-old oil spill in their area.

Naval sources said the captives were freed after the navy threatened to intervene militarily. The 12 were seized on Thursday by youths from Arhavwarien community in Ugheli South Local Council in southern Delta State, on their way to repair a leaking pipeline in a neighboring village.

The militants said they wanted compensation of $1.5 million for a 1989 oil spill.


Finance

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

European Owners Lead in Buying Up Secondhand Tonnage

With European owners leading the pack in buying up vessels, the sale and purchase market appears to have been notably active in recent years, reveals Clarkson Research Services Limited.

Monjasa Bags Credit Facility from Société Générale

Danish bunker fuel supplier and shipping firm Monjasa has signed a credit facility with French bank Société Générale for USD 80 million.    A statement from

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0596 sec (17 req/sec)