|OCTOBER 8, 1998|
Air and Land Transport
- Enforce shipper-liner dialogue: Asean group
Shippers' council not making headway with conferences on rate hikes
- Asean free trade zone seen as boost for regional shipping
- Taiwan set to fully open shipping market
- Group of lines serving Madras to impose congestion levy
- PAL takes off again with 19 domestic flights
Carrier's labour pact with union may pave the way for entry of new investors
- SIA to unveil bilateral accords with SAS, United
- Airbus partners yet to discuss asset valuation
- Northwest's Sept traffic down 68%
- Air France wage talks with pilot unions still ongoing
- Garuda forecasts US$41m loss for this year
- Boeing replaces head of new aviation services unit
- Daimler expects US car sales to stagnate in '99
- Shipping line leaves controversy in the past to become a successful venture
- Specialised vessel types in demand
|OCTOBER 8, 1998|
- Chilean ports set to get management overhaul
- Multi Cargo wins ISO certification
- Heung-A completes expansion
- More space available at Yantian
- SilkAir begins fleet modernisation programme
- Dragonair relieves air transport needs in the Philippines
- Kinnock appeals for "compatible" airport plan
- Air Pacific Airlines takes delivery of its first B737-700
- Thai displays new B777-300
|OCTOBER 7, 1998|
- NOL to sell 40 percent of APL
- New rail shuttle Rotterdam-Warsaw
- German utility to sell its 30 percent in K'hne & Nagel
- ECT expects growth also for 1999; shorter waiting periods
- Heavier fines on overloaded trucks in Belgium
- Disagreement already on Open Sky
|OCTOBER 8, 1998|
- Deregulation monitors face reshuffling at FMC
- House GOP, Clinton near deal on IMF
- Census tells US manufacturers it stands firm on new export rule
- Intermodal sector braces for rough times in 1999
- Victory speech of Brazil's Cardoso paves way for coming economic reform, austerity
- Con-Way Transportation is not taking a rate hike
- Congress unlikely to approve Africa trade bill
- Supply chain software companies working together to challenge SAP
- CF says shippers can save up to $100 on expedited shipments with PrimeTime Air
- McLane and Philip Morris sign logistics distribution agreement in Brazil
- Tanzania deal opens rail link to southern Africa
- TFM readies intermodal service a la US
- German truckers fear shift to other modes
- US, Canada exchange protests over farm, ranch subsidies, aid
- Customs intercepts counterfeit CDs
- US walks out of British air talks
- Supply-chain management moves up in the corporate ecosystem
- Dutch seek links to illnesses at hazardous cargo crash site
- An American in Paris . . . and Berlin and London and . . .
- Hi-tech failure holds lessons
- FMC vows to fine exploiters
- Taiwan's WTO plans shift to ships
- Ocean Group buys Fenton
- Small shippers expected to lean more on consolidators
- Ingalls wins bid for 2 cruise ships
- Panama registry wins one, is warned
|OCTOBER 8, 1998|
- Shippers Urge Conferences to Consult on Rate Changes
- TSA Members to Meet in Tokyo End-October
- Evergreen Formally Acquires Lloyd Trieste
- Panama Charge to Be Levied Again Next Year
|OCTOBER 8, 1998|
- Los 45 puertos españoles mueven 197 millones de toneladas
- La OACI mejora las normas de atención a las v'ctimas de accidentes aéreos
- El negocio del transporte se reúne en Bilbao
- El tren de cercanías llegará a Humanes el siglo que viene
- Tibbett & Britten, fortalecida por el textil y el consumo británicos
- Técnicas para la optimización logística en la distribución
|OCTOBER 8, 1998|
- Shipping elite to hold talks on ties
SHIPPING'S powerbroking elite are to hold a London summit later this month, in a bid to hammer out closer co-operation between them.
- Canberra still fighting on
THE former P&O cruiseship, Canberra, refuses to die even though she was taken out of service and sold for scrap 12 months ago, writes David Mott.
- $130m investment boost for Voltri
Voltri Terminal Europa, the Genoa-based container hub operator, is pushing ahead with a Lire210bn ($130m) investment programme under the guidance of its new majority shareholder, Singapore's PSA Corp.
- Operating loss at Belships
SHARPLY reduced product tanker activities and drastically weaker gas tankers profits has pushed Norwegian bulk shipping group Belships to an operating loss for the first eight months of this year, although the group's overall losses were trimmed.
- NOL begins charm offensive
STUNG by mounting local criticism over its huge losses, Neptune Orient Line has gone on the offensive with plans to raise money and cut its high gearing.
- US imposes tax on Brazil-flag vessels
THE US has decided to punish Brazil for allegedly discriminating against US-flag vessels by establishing a second maritime register.
- EU plans new ports waste disposal laws
CONCERNS that inadequate port facilities handling waste from ships has encouraged masters to empty unwanted polluting material into the seas has sparked the proposal of European rules to deal with the problem.
- Petromin to sell bulkers
Romanian shipping company Petromin is to auction three panamax bulk carriers at a sale in the UK to ease its debt burden.
|OCTOBER 7, 1998|
- Sydney hit by go slow
PRODUCTIVITY at the Port of Sydney has slumped because of an unofficial 'go slow' by Maritime Union of Australia members, according to the Sydney Ports Corporation.
- Foreign-built ships suffer US setback
SENATOR John McCain has withdrawn legislation that would have allowed foreign-built cruise ships to carry passengers between US ports.
- Ingalls wins Classic order
INGALLS Shipbuilding, a division of Litton Industries, has emerged as the choice of American Classic Voyages for construction of its two 1,900-passenger, 71,000 gt cruise liners.
- Missing master found dead
THE search for the master of the roro ferry Princess of the Orient, which sank on September 18, ended yesterday in a Manila funeral parlour.
- Victoria energy crisis eases
AUSTRALIAN manufacturers have begun a staggered return to production following a 12 day energy shutdown caused by a gas plant explosion in the state of Victoria.
- Skaugen losses deepen
NORWEGIAN gas carrier and lighterage tanker group, I M Skaugen, suffered a net loss of Nkr 56m ($8.3m) in the third quarter, compared with a Nkr 4m loss in the same period last year.
- Norwegians to stage general strike
ABOUT 1.2m Norwegians are expected to join a two-hour general strike on October 15 in a protest against the government's draft budget
- Sulpicio agrees to pay for cleanup
SULPICIO Lines has agreed to pay for the cleanup of the oil spill from the Princess of the Orient, following pressure from politicians and non-governmental organisations.
- DnB issues profit warning
DEN norske Bank (DnB), one of Norway's leading financial institutions, has issued a profits warning following a loss of Nkr 500m ($64m) on its shipping portfolio.
- Calypso case settled
THE owners of Jacques Cousteau's famous ocean research vessel, Calypso, have reached an out of court settlement with Kwong Soon Engineering Yard in Singapore.
- FASC chief slams alliances
VICHARN Nivatvongs, chairman of the Federation of ASEAN Shippers' Councils, today slammed 'inadequate' regulations governing relations between shippers and shipowners.
- Drydock chief cannot confirm appointment
PROF Noel Zarb Adami could not confirm his re-appointment as chairman of Malta Drydock (MDD), despite receiving a ministerial request to deal with matters needing urgent attention.
- NOL ready to sell APL stake
NEPTUNE Orient Lines "does not dispute" it has been looking to sell a minority stake in American President Lines, and that one offer has been rejected over price.
- Chemical tanker orders go to Japan
Two Panamanian owners have placed orders for chemical tankers with Japanese yards.
- $5m for Philadelphia port improvement
TIOGA Marine Terminal, Philadelphia, has received a boost with the release of nearly $5m from from capital budget funds for expansion of refrigeration space.
- US sends 'REB war' mission to Brazil
A US mission will arrive in Brazil on October 14 to discuss the 'REB war'.
- Ganger Rolf acquires Mercur Tankers
GANGER Rolf, a publicly listed shipowning company controlled by Norwegian shipowner Fred Olsen, has acquired 88 per cent of the shares in Mercur Tankers from former parent Loki.
- Marad invites domestic breaking bids
MARAD is inviting domestic bids for 25 vessels, which must be scrapped within 24 months of delivery.
|OCTOBER 8, 1998|
- Sydney waterfront nears 'boiling point'
The Sydney waterfront was rapidly approaching boiling point yesterday as employers contemplated legal action against the Maritime Union of Australia and some of its officials.
Patrick director Bill Clayton said yesterday that the company was contemplating legal action against the union.
P&O Ports director, Australia and New Zealand, Andrew Burgess, confirmed that a go-slow was in place at the company's Port Botany facility, but limited himself to noting that negotiations about the situation were being held at both, federal and state levels of the union.
- FPA beats budgets, freezes charges
Fremantle Port Authority customers have been promised that port charges for ships and cargoes will not rise for the rest of this financial year following strong container trade growth and better than budgeted financial results.
The promise is made in the port's 1997-98 annual report where it posted an after-tax profit for the year of $7.5 million -- a figure that was $1.2 million ahead of budget.
The port's profit before tax and abnormals was $12.7 million, with a dividend of $1.2 million being returned to the WA government.
The port's rate of return on assets is 7.4 per cent compared with a target of six per cent.
The debt to assets ratio has been reduced from 89.2 per cent in 1992-93 to 30 per cent in 1997/98.
- Govt urged to act on promises
The three peak bodies representing the shipping, road and rail transport industries have welcomed the re-election of the coalition but have urged it to act swiftly to implement its election promises.
The Australian Shipowners Association's chief executive, Lachlan Payne, said yesterday that having achieved a position on the required direction of reform with the previous Coalition government, the industry was now in a position to continue negotiations on the basis of an established and constructive policy platform.
Crucial to that process would be the establishment of the working group which the industry and then Minister for Industrial Relations, Peter Reith, agreed on 3 September should be established after the election to consider the reforms required to create an internationally competitive shipping industry.
- FreightCorp plans near activation
Interstate rail freight competition along the eastern seaboard appears to be intensifying further, with the NSW-owned operator FreightCorp revealing it expects to be running regular interstate services both north and south of NSW very shortly.
A spokeswoman for FreightCorp did not wish to comment yesterday on when the proposed interstate services would begin, but she admitted that considerable progress had been made with customers and access organisations to allow the long-awaited services to start.
There has been strong industry speculation that FreightCorp could start a regular Sydney-Brisbane intermodal service with stevedore Patrick. There are also rumors that FreightCorp wants to run intermodal services on the Sydney-Adelaide and Sydney-Melbourne routes in partnerships with Australia Southern Railroad and V/Line Freight respectively.
|OCTOBER 7, 1998|
- PDVSA Tapped By Government
State-run oil company Petroleos de Venezuela SA's cash flow or
investment will not be affected by the $980 million dividend
extracted last month by the Venezuelan government to close its
gaping fiscal deficit.
- Kuwait Drafts Ship Confiscation Rule
Kuwait has drafted a law to confiscate ships used to violate U.N.
trade sanctions imposed against its former occupier Iraq.
Confiscation orders will be referred to Kuwait's Court of
Cassation for a final ruling.
- Mersey Docks Mulls Steel Terminal
British port operator Mersey Docks and Harbour Co. reportedly
will develop a steel terminal at Birkenhead Docks with Denholm
- Inmarsat Sets Date For Privatization
Inmarsat's assembly of member governments, meeting in
Greece, agreed by consensus that Inmarsat, an
internationally-owned cooperative, will become a public limited
company on April 1, 1999. The new structure comprises two
entities: a public limited company that will seek an initial
public offering (IPO) within approximately two years of
formation, and an intergovernmental body to ensure that Inmarsat
meets its public service obligations, including the GMDSS. The
new company, which will be located in London, will be governed by
a 15 member fiduciary Board of Directors consisting of the CEO
and 14 non-executive directors, three of which will represent
- Tanker Forecasts To 2005
Poten & Partners, a New York headquartered ship and cargo
brokerage and consulting firm has released Tanker Prospects
for the 21st Century, a forecast of tanker rates to 2005. The
208-page report covers worldwide economic activity, oil demand,
and crude oil flows for five classes of tankers. Projected demand
for each class of tanker is compared to projected supply to
arrive at a supply/demand balance, forming the basis for a rate
forecast. Future rates are subject to a number of cross-currents.
While the Asian Contagion has made a dramatic change of economic
activity in several Southeast Asian nations, oil consumption is
still expected to grow in Asian nations not significantly
affected by the Asian Contagion plus Europe and North America.
This does not sound particularly negative for tanker owners, but
another cross current is significant growth in short haul oil
from Latin America, West Africa, North Sea, offshore Gulf of
Mexico. This will shorten the average voyage length reducing
dependence for Middle East crude in the Atlantic basin. In the
- Shipping Fee Transparency Called For
The Federation of ASEAN Shippers Councils (FASC) called for an
international mechanism, recognized at law, to force shipping
lines to make their charging policies more transparent.
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