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SCMP Reporter

NORWEGIAN tanker brokers have turned against electronic information giant Reuter over the company's product and pricing policy, according to a report in the international shipping weekly TradeWinds .

  The newspaper said Norwegian broking companies had banded together to cancel the Reuter service, which has played a key role in the tanker broking world for a decade.

  The report attributed the decision to drop the service to specific problems suffered by PF Bassoe during its move to new offices in Oslo.

   The report said that in a recent meeting, Norway's leading tanker brokers decided to unite to cancel their Reuter subscriptions.

   The brokers participating in the move are Fearnleys, RS Platou Shipbrokers, OJ Libaek & Partners, Lorentzen Chartering, Stemoco Shipping and PF Bassoe. The six will reportedly be joined by Stavanger Chartering, leaving only the small broker shops in Norway with Reuter subscriptions.

    Reuter was reported to have wanted the broking firm buy a new, expensive hardware system to go with the subscription to its services.

   The tanker brokers will now revert to different versions of E-mail systems and to more extensive use of the telephone.

    TradeWinds quoted Reuter spokesman in London, Ian Fraser, saying only that ''we are not prepared to discuss any details with these clients, but we are disappointed they have taken this action''.

  For the broking firms, cutting out Reuter will result in substantial savings.

  Platou, for example, calculates yearly expenses of around US$90,000 on the service, it said.

  The Norwegian brokers are keen to see the response from tanker brokers elsewhere in the world.

       The group sent out a questionnaire to 127 independent tanker brokers worldwide, with 85 per cent of replies indicating sympathy with the Norweigan move, the newspaper reported.



Norwegian brokers reject Reuter services