UAE: $30 Barrel Will Not Trigger OPEC Action

Thursday, December 09, 1999
The United Arab Emirates oil minister suggested in remarks published last Thursday that a brief spike in oil prices to $30 would not trigger a response by OPEC to raise output, because the average price for the year would still be about $18 per barrel, below prices recorded in 1996 and 1997.

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Contracts

Diana Charters Out Two Bulkers

Diana Shipping Inc. today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Bunge S.A., Geneva, for one of its Panamax dry bulk vessels,

Haven Marine Signs Service Contract with Svitzer

Haven Marine Services informs it has signed a five year contract with Svitzer which will see the yard service the requirements of Svitzer’s vessels within the Bristol Channel and Irish Sea areas.

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

 
 
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