Danube trade is the latest casualty of war

Article Abstract:

Nato bomb attacks on bridges over the river Danube in Serbia have had serious repercussions for shipping businesses in the region. Indeed, the Austrian Chamber of Commerce has stated that the country's five largest shipping companies are losing 5 million schillings a day because the river is blocked with rubble and alternative arrangements must be made to transport goods. Some shipping companies fear that they will have to pay for the clearance of the Danube.

International Affairs, International politics, Yugoslavia, North Atlantic Treaty Org, Military Action, Economic aspects, Navigation, Danube River, Military operations

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Commonwealth seeks listing

Article Abstract:

The US oil and gas exploration company Commonwealth Oil & Gas, has announced that it is to seek a listing on the London stock exchange. The firm hopes to raise US$ 50mn. The announcement comes after the company won an offshore contract in Azerbaijan. A production sharing agreement has been signed between Commonwealth and Socar, the Azeri state owned oil group. The contract allows Commonwealth to explore 150,000 acres in Azerbaijan. *

Comment:

Seeks listing on the London stock exchange, hoping to generate $50 mil

United Kingdom, Crude Petroleum and Natural Gas Extraction, Crude Petroleum & Natural Gas, Petroleum industry, Natural gas, Petroleum, Gas industry, Article, Commonwealth Oil and Gas

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CYPRUS: STELMAR ABANDONS LISTING PLAN

Article Abstract:

Stelmar Maritime Holdings revealed on 1 November 2000 that it would not now list on the Cyprus Stock Exchange and that it would deregister its ten ships from the island's register. The Athens-based shipping company's move is seen as a setback to the Cypriot bourse, which has suffered a 55% decline so far in 2000. Stelmar is owned by easyJet founder, Stelios Haji-Ioannou.

Greece, WATER TRANSPORTATION, Cyprus, Statistical Data Included, Finance, Brief Article, Stelmar Maritime Holdings, Cyprus Stock Exchange

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