MarineLink News Search
Search term • Is-It-Back?
Create an email alert for Is-It-Back?
Suezmax Market To Be Hit Hardest By Iraqi Export Suspension
Depressed tanker markets will be hit hard by Iraq's decision to suspend crude oil exports for up to two weeks, tanker brokers said. Suezmax tanker rates in the Mediterranean…
Oil Prices At Nine-Year High As Iraq Suspends Exports
Oil prices rocketed to a new nine-year high Nov. 22 after Iraq suspended oil exports under its humanitarian exchange program with the United Nations. London January Brent futures opened at $25.90…
'Great Satan' Blamed for Iran's Y2K Woes
Although its more than 622 years away by their count, Iranians must deal with millennium issues in about 32 days. Iran's 20-year-old breach with the United States…
Handy Rally Ends Before It Gets Started
A brief pre-millennium recovery in the long-depressed Handy size bulk shipping markets appears to have been snuffed out before it got going, brokers said. A rush…
China Finds More Bodies From Ferry Disaster
As divers pulled more bodies from the sunken wreckage of a car and passenger ferry last week, officials vowed to recover all of the 280 victims of China's worst ferry disaster in recent years…
Transition In History: A Look At The Panama Canal
Dubbed "The Greatest Engineering Wonder of the World," the Panama Canal has experienced a whirlwind run since President Woodrow Wilson flicked a switch of the first…
Indonesian Ferry Blast Kills At Least Three
An explosion on an Indonesian ferry on Dec. 2 killed at least three people, with 196 passengers rescued, local police said. They said the accident happened minutes…
Diversification Provides Insurance for Steiner
With origins as a family-owned repair yard tracing back to the 1920s, Steiner Shipyard has evolved into a present-day incorporated shipyard, with diversified interests.
Great Ship - Geco-Eagle
Signifying the best of an outstanding new crop of seismic vessels, the Norwegian-built wedge-shaped Geco Eagle sports a 121 ft. (37m) wide back deck to store and…
Suezmax Rates Set To Soar
Surging Suezmax tanker rates are set to soar if Iraqi exports come back on stream next week, shipping brokers contend. Rates for the one million barrel tankers have…
Offshore Shares Are Leading The Way
Offshore shares on the Oslo Stock Exchange continued to rise in November, buoyed by the continuing high oil price and expectations of increased level of activities from oil companies in the year 2000.
Saudi Aramco To Turn Back Some Tankers
Saudi Arabia's state oil company has informed shipping agents at the Gulf state's ports that it will turn back tankers that are not prepared for the Y2K potential computer glitch…
Norway Extends Oil Cutback To Q1 2000
Norway, keeping in step with OPEC, will extend a 200,000 barrels per day (bpd) curb to oil output to the end of the first quarter of next year. Norway's Oil and…
Lazard Frères Revises Newport News Estimate
Lazard Frères & Company Co. LLC's Equity Research Department has revised its earnings estimate for Newport News Shipbuilding to $2.55 per share in full-year 2000 from $2.60 per share…
Finland Record Trade Surplus Boosted By Shipsales
Finland posted a record monthly trade surplus for October, boosted by a major deal by one of its shipyards and accelerating economic recovery. The customs board's…
Houlder Sells Holdings In Tanker Broker Panel
Shipbroker Howard Houlder (Chartering) Ltd. has sold its shareholdings in the London Tanker Broker Panel back to the other five members of the rate-setting group…
Oil Firms To Keep Spending Tight Despite High Prices
The absence of quality new merger opportunities will force oil companies to keep spending tight even though this year's oil price recovery has given them far more cash to work with, analysts said.
Shipsales Boost Finland's October Trade Surplus
Finland posted a record monthly trade surplus for October, boosted by a major deal by one of its shipyards and accelerating economic recovery. The customs board's…
French PM Tours Oily Coast, Vows Safety Crackdown
French Prime Minister Lionel Jospin, touring beaches devastated by oil seeping from a sunken tanker off the Atlantic coast, pledged to press for stricter global safety rules.
US Supreme Court Hears Intertanko Oral Argument
On Dec. 7 the US Supreme Court heard the oral arguments of Intertanko, the US federal government, and the State of Washington in the State of Washington tanker regulations case.