dry containers and 36 refrigerated containers plus two trailers, 27 cars and two trucks. It sailed yesterday morning.

The Somers Isles left yesterday morning for Fernandina Beach, Florida, after dropping off 88 dry containers, five refrigerated containers, a boat and various amounts of lumber and steel.

It will not return to the Island until January 9.

The Bermuda Islander arrived December 16 and dropped off 79 containers, 14 of which were refrigerated, and a tank containing carbon dioxide. It will return early Christmas Eve morning.

Also an unnamed US submarine conducted a crew transfer on December 16 and left the same day.

The fuel tanker Psara arrives, December 15, from St. Croix to discharge fuel and then carried on to Baton Rough, Louisiana, the next day.

The American car carrier Greendale came in from Port A Prince, Venezula to unload cars and continued on to Nassau, Bahamas.

Six companies to pool their fleets Six shipping companies have established a joint firm under which they will pool their Very Large Crude Carrier (VLCC) fleets.

A.P. Moler, Euronav, Frontline, Overseas Shipholding Group Inc., Osprey Maritime and Reederei (Nord) Klaus E. Oldendorff have pooled their fleets under Tankers International LLC.

The company will commence operations upon the receipt of the required regulatory approvals which are expected by February 15, 2000.

The fleet of exclusively modern VLCC's will initially number 38 vessels, but by 2002 the fleet is expected to consist of more than 50 vessels after new ships are built and others are returned from charters.

The idea behind Tankers Intl. is to provide global customers with new and improved tools through which they can manage shipping programmes, inventories and risk.

A.P. Moller vice-president Soren Skou will serve as the initial chairman of the board of Tankers Intl. which will be comprised of representatives from all the involved companies.

Euronav president E. Michael Steimler will serve as the new firm's initial Chief Executive Officer.