In 2000, VLCCs obtained S53.000 per day. up from less than $20,000 in 1999. Old VLCCs reached $33,000 per day compared with only $11,000 in 1999. The freight market boom also had its effect on medium size crude carriers. After poor market conditions in 1999 with modern Suezmaxes obtaining $15,
I.T.C. Holland B.V., Haarlem, Holland, the Netherlands, recently contracted the dry transport of two Rowan rigs from Seward, Alaska to Port of Spain, Trinidad. The Rowan Middletown was loaded aboard the Sibig Venture in Seward, Alaska. The vessel then proceeded to Long Beach,
The new 400-passenger Music City Queen (shown above) was christened recently in her home port of Nashville, Tenn., according to Dr. Hugh D. Claughton, owner and president of Belle Carol Riverboat Company of that city. His daughter, Carol Ann Claughton, was the vessel's sponsor.
Innovation on the tanker front comes from many venues, and one of the latest — the Ecomax tanker design — is offered from the minds and experience of a pair of French companies, classification society Bureau Veritas and shipowner Services & Transport.
Under a three-year contract signed recently by Honda Motor Company and Central Gulf Lines of New Orleans, a U.S.-flag merchant ship will be used to carry passenger cars from Japan to the U.S. market. The agreement calls for Central Gulf to order a new carrier with a capacity of 4,000 cars.
As of the first eight months of this year, Kockums AB of Malmo, Sweden shows a surplus of SEK 31 million (last year 39+ million) and expects a surplus for the entire year equal to that of 1982 (SEK 56 million). The eight-month report indicates
Albert J. Herman, vice president of Mobil Shipping and Transportation Company, a subsidiary of Mobil Oil Corporation, has been elected chairman of the board of the American Institute of Merchant Shipping (AIMS) for a one-year term. A graduate
ANSCHUETZ Circle 6 1 on Reader Service Card Anschuetz & Co. GmbH of Kiel- Wik, West Germany, designs and manufactures a comprehensive line of navigation products, including gyrocompasses, autopilots, and steering controls that have been installed on more than 9,
The Galleon Agate (shown above), a 19,102-dwt cargoliner built for Galleon Shipping Corporation, Philippines, was delivered recently by the Setoda Shipyard of Naikai Zosen, an affiliate of Hitachi Zosen. She is the second of three ships of the same type ordered by Galleon from Hitachi.
Argent Marine Services, owner of LNG carrier Arzew, has reached an agreement of a time charter with a Shell company. In connection with this agreement, Argent will refurbish and reactivate Arzew for recommission. A sistership of the recently redeployed LNG Delta was constructed as a U.