A poor year all round

Article Abstract:

The Asian financial crisis and the entry of new chemical tankers have depressed cargo rates in the chemical industry which will adversely affect contracts that will be entered into or renewed. In particular, the Europe to Far East routes were the worst hit by the crisis with rates falling by 35-40% in 1998. Transatlantic rates declined by 25-30% while the Mediterranean and Northwest Europe rates suffered a drop of 25%. Other factors that contributed to lower rates were the drop in demand from the Asia Pacific region and increased competition.

Deep sea foreign trans. of freight, Deep Sea Freight Transportation, Cargo Ships NEC, Chemical Tankers Construction, Prices and rates, Statistics, Cargo ships, Chemical carriers (Tankers), Chemical tankers

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Refit rejuvenates flagship interior

Article Abstract:

Cunard's flagship passenger vessel named 'Queen Elizabeth' has undergone extensive interior overhauling within a brief 25-day period. The ship was launched in the early 1970s and with the overhaul, it is expected to be in service until at least the first decade of the 21st century. Among the important changes are the widening of the stairway to cover both the upper deck and the boat deck and the relocation of the ship's restaurant.

Passenger Liners Construction, Management, Passenger vessels, Maintenance and repair, Ships, Cunard Line Ltd. (New York, New York)

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