SS&Y Capesize Indices Mixed

Friday, December 17, 1999

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 16 points to 4,444 in the week ending Dec. 13. "Rates in the Pacific have remained on or around previous levels despite increased tonnage availability and light fixing in the region," SS&Y reported. SS&Y's Atlantic Capesize Index rose 146 points to 4,571 in the same week. "Despite limited activity, tight Atlantic tonnage lifted trans-Atlantic rates accordingly," SS&Y reported.

Escort Tugs in San Francisco Bay

Indian Navy Chose Ullman Seats as New Standard

China Supplies Maersk Triple-E Hull Modules

Wison Announces Venezuela Contract

MARAD Deputy Matsuda Resigns

Legal

Singapore: Illegal Bunkering Activity

The Singapore Maritime and Port Authority (MPA) issued a news release stating that four persons are being charged with corrupt practices for conspiring to engage in illegal bunkering activity.

Jumping Off the Fiscal Cliff?

It’s more of a Downward Slope for Maritime, Transportation, and Energy Programs You are not alone if you are bewildered by the talk in Washington about “sequester,

Invoicing Error Lays Massive Bill on Shipbroker

ITIC revealed how an invoicing error led to a shipbroker being asked to foot the bill for a bunker supply amounting to more than three-quarters of a million dollars.

Bulk Carrier Trends

Great Lakes April Coal Shipments Unchanged from a Year Ago

Shipments of coal on the Great Lakes totaled 2.2 million tons in April, a virtual tie with a year ago. The trade was 19 percent below the month’s five-year average, however.

Euroseas Reports Quarter Results

Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced

Great Lakes Ore Trade Down Nine Percent in April

Shipments of iron ore on the Great Lakes totaled 5.6 million tons in April, a decrease of 9% compared to a year ago. However, loadings were 11% ahead of the month’s five-year average.