President Clinton Energizes Oil Price Debate
It’s really quite amazing how one year and an additional $21 per barrel of crude can change people’s attitudes. It was less than 12 month ago that the price per…
Adsteam To Appeal Ruling Regarding Crewing
Towage group Adsteam Group Ltd. will appeal a New South Wales ports authority ruling that prevented it from applying planned reductions in tugboat crews in the state.
Shippers Seek $90M In Restitution
The association of Romanian river shippers said it would sue the Romanian government and NATO over a total estimated loss of $90 million because of the Kosovo conflict.
Carnival Cruise Ship Stricken Again
In what has become an all too familiar scenario, another Carnival cruise ship reported engine problems and ended floating aimlessly while passengers onboard no doubt fumed.
Leif Hoegh Forecasts Higher Profits
Norwegian shipping company Leif Hoegh forecast higher operating profits in 2000. The company reported an operating profit of $23.2 million in 1999, down from $70.97 million in 1998.
OSG Raised To “Buy”
ING Barings analyst Stephen Gengaro raised his rating of shipowner Overseas Shipholding Group Inc. to buy from hold and set a 12-month price target of $28 to $30.