Samsung Wins LNG Ship Orders

Thursday, July 19, 2001
Britain's BG Group Plc agreed to buy two new liquefied natural gas (LNG) ships from South Korea's Samsung Heavy Industries Co. Ltd. with an option for six more ships. BG said the price of the ships was commercially confidential but was less than three percent of BG's market capitalization -- which currently stands at 9.4 billion pounds ($13.3 billion). - (Reuters)
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Asia-N.Europe Box Rates Plunge 17 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17.3 percent to $259 per 20-foot container (TEU) in the week ended on Friday,

Traders Eye Floating Diesel Storage in Atlantic

Europe diesel stocks reach fresh record high; huge imports from Asia, Middle East weigh on supplies. Oil traders are preparing to store diesel in giant tankers

Shell Want Shipper Guarantees on Nigerian Crude Exports

Royal Dutch Shell has asked ship owners exporting its Nigerian oil to sign a "letter of comfort" (LoC) to guarantee it is not stolen, according to an email from the company seen by Reuters.

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