|DECEMBER 11, 1998|
Air and Land Transport
- Charterers asking for cover for Y2K incidents
But London Club warns owners against giving guarantees
- KL urged to consult industry players on set-up of national feeder firm
- Vanuatu Registries acts against seafarer with fake officer licence
- Mobil offers cash-back guarantee on fuel oil
- China's maritime accidents down
- BA, Japan Airlines in talks to form closer ties
Deal delayed due to potential conflicts with the carriers' other alliances
- Aviation giants seek Asian partners
- HK airport slashes rents for retailers
- FAA orders checks on MD-11 wiring
- TWA chief urges US to deny air alliances antitrust immunity
- Boeing wins US$335m order from Cargolux
- Founder won't yield to pilots
Fred Smith resists union threats, relying on FedEx's team spirit as a key advantage over unionised competitors
- Owners, operators of Polish ship rapped for poor maintenance
|DECEMBER 11, 1998|
- IRA/SARA increase fees
- FEFC to raise HK/Guangdong documentation fee
- ANL and CGM tie the knot
- Slip sheets cut costs, saves space for importers
- FMC applauds Brazilian waivers, slams dispute
- Safbank Line modifies services
- EVA chosen as Lufthansa's new Sharjah partner
- DHL selects British Aerospace to handle A300 conversions
- CargoSmith introduces its container loading optimiser
|DECEMBER 10, 1998|
- French roads again abused for blockades
- Rail wins ground in battle for Spanish citrus fruit
- Slight rise in freight rates
- K'hne & Nagel/DHL joint venture profitable in 2000
- TWA en Cargolux orders for Boeing
- Russian walks through the Channel Tunnel
|DECEMBER 11, 1998|
- It's official: New York, Baltimore, Halifax on short-list for Atlantic hub
- Shell drops plans for pipeline across Iran
- West Coast ports push for ever larger terminals
- Airbus subsidies come under fire as Boeing loses ground
- STB gives DM&E initial OK for rail line into Wyoming
- Warm weather lengthens shipping season on Great Lakes
- Customs facilitation proposal made for FTAA process
- Airbus and India HAL to work on developing A320 cargo models
- Warehouses face new forklift rules
- Deutsche Post offers $1 billion for Danzas
- Europe cooperative to split rail units
- TWA order reinvigorates Boeing's shaky 717 program
- British rail owner reined in
- 3 Med ports lobby EU for rail funds
- Lantau container terminal expected to operate by 2002
- FMC may provide online tariff listing
- FMC delays sanctions on Brazilian shipping
- Maryland forms group to study transport needs
- European ports roundup
|DECEMBER 11, 1998|
- Deutsche Post compra a la multinacional suiza Danzas
- Aena retrasa la apertura del aeropuerto de La Gomera
- Fomento "decreta" las normas para descentralizar los aeropuertos
- Santander amplía las instalaciones marítimas del puerto
- UPS apuesta por Mercosur
- Iberia pone el avión y los empleados, el combustible
- Arias-Salgado subraya el compromiso del Gobierno con el ferrocarril
- El puerto de Londres instala un sistema de control VTMIS
- Nefab, elegida "Mejor Empresa en su Línea de Negocio"
|DECEMBER 11, 1998|
- BIMCO to conduct 'Towards Better Decisions' course at Chennai
- Study finds Pipavav most suitable for LNG terminal
- Spices export cess rationalised
- Three major airports to be separately corporatised
- Global Network launches Bangladesh Yellow Pages in Gujarat
- PM confers core sector status for railways
- Meet on marine archaeology in Thane
- IMC seminar today
- Move for cargo hub at Tiruchi airport
- Fair nets major orders for plastic units
- Poland woos software firms
- Chambers to observe 'black day' against power tariff hike on December 14
- SRTEPC to release quota for EU
- Tea exports dip
|DECEMBER 11, 1998|
- Korean shipbuilders reject European charges
... won't go along with implementation of OECD deal without U.S. participation
|DECEMBER 11, 1998|
- Deutsche Post bids for Danzas
EXPANSIONARY German post office organisation Deutsche Post took a step towards becoming a European freight transport giant yesterday when it made a SFr1.46bn ($1.1bn) bid to acquire Swiss freight forwarder Danzas.
- Roussel sentenced to jail
A decade after the death of shipping heiress Christina Onassis, her last husband, Thierry Roussel, has been convicted by an Athens court of perjury and malicious defamation in his long-running feud with the directors of the Onassis Foundation.
- Heavy weather ahead for Golden Ocean as losses grow
Fred Cheng's Golden Ocean Group, which currently has more VLCCs on order than any other shipping company, is expecting further heavy losses in 1999 before moving into profit the following year.
- Cover limits raised ahead of renewal
Two fixed premium insurers are increasing the limit of cover they provide ahead of the February 20, 1999 P&I renewal.
- Montevideo port scandal hits Uruguay
"What is our company's name doing in the midst of such a scandal?" Maersk group executives have been asking partner Christopherson in Montevideo, according to local reports.
- Sea-Land charters two newbuildings
Sea-Land has chartered two 1,100 teu newbuildings from Thien & Heyenga of Hamburg. The Stadt Berlin, to be renamed the Sea-Land Mexico, is to be delivered by Cuxhaven-based Mützelfeldtwerft on December 18 while her sister the Stadt D'sseldorf, built at Santierul Naval Constantza, will be delivered on December 21 and renamed Sea-Land Guatemala.
- Primorsk unit in Singapore deal
Sinchart Shipping, a major Russian tanker operator, is beefing up its Singapore presence as part of plans to increase its business in southeast and east Asia.
- IMO plans to protect whales
Whales are to be protected from the risk of being killed by ships through an innovative initiative approved this week by the International Maritime Organisation.
|DECEMBER 10, 1998|
- Commission probes French aid
THE EC last week decided to open an investigation into French aid to the publicly-owned Brittany Ferries and Corsica Maritime.
- EC rules against Irish aid scheme
THE EC has ruled against an Irish scheme of state aid to shipping, on the grounds that it provides inadequate guarantees for EU jobs.
- SCI looks for lng partner
THE Shipping Corporation of India is on the look out for a foreign partner to transport liquified natural gas from the terminal currently under development at Pipavav port in Gujarat state.
- Maltese ships cost double their value
THE Malta Shipbuilding Company has accumulated a loss of M'121m ($321m) since it was set up in 1984.
- OECD announces action plan
THE OECD's Maritime Transport Committee has announced its backing of an action plan aimed at marginalising substandard shipping.
- EC fines Adriatic ferry cartel
THE EC has imposed fines totalling Ecu 9.1m ($11m) on seven ferry companies for "colluding to fix prices" on roro services between Greece and Italy.
- Silja Line to sell Swedish stake
SILJA Line, part of the Finnish ferry group Neptun Maritime, will sell its 40 per cent stake in the Destination Gotland ferry joint venture to Rederi AB Gotland.
- Slum dwellers hold up port development
SLUM dwellers in the Batangas port complex have hampered efforts of the Philippine Ports Authority to proceed with the second phase of its port development project.
- New cruise terminal for Marseilles
MARSEILLES is to build a cruise terminal to cater for major growth it is experiencing in the passenger sector.
- Asian downturn an opportunity, says club boss
ASIA'S economic downturn provides P&I mutuals with a good opportunity to strengthen their positions, according to Nicolas Sansom, md of Thomas Miller (South East Asia).
- LR warns on Y2K bug
LLOYD'S Register has warned shipowners and operators that they must accept the possibility of failures occurring as a result of the Year 2000 problem.
- Christmas cargo endangered
THE surge in volume of eastbound cargo from Asia to the US has endangered cargo for the Christmas market.
- Australian exports hit by Japanese contraction
AUSTRALIA'S exports are facing increasing danger from the continuing recession in Japan, its biggest market.
- Ningbo to list in Hong Kong
THE Chinese Port of Ningbo has been granted approval to list its shares in Hong Kong.
- P&O Ports suffers labour setback
P&O PORTS has had its second dose of bad news in as many days with two of Australia's largest ports' workforces rejecting a new labour agreement with the company.
- Belfast sale under review
BELFAST Harbour Commissioners are conducting "the most extensive round of briefings ever undertaken in Northern Ireland" regarding the sale of the Port of Belfast.
|DECEMBER 11, 1998|
- Coombs claims victory - P&O Ports to feel the heat
THE federal leadership of the Maritime Union of Australia (MUA) yesterday claimed victory for its vision of the future of the Australian waterfront.
The national secretary of the union, John Coombs, told DCN that while some votes were still coming in from regional ports, the rank and file supported the motions from the national council by a margin of three to one.
Mr Coombs stressed that only in Sydney was there a vote against the in principle agreement with P&O Ports, adding that DCN correctly identified that the vote in Brisbane did not concern this document.
- AMSA detains 24 in November
THE number of vessels detained by the Australian Maritime Safety Authority under port state control rose from 17 during October to 24 in November.
The November detentions brought the number of ship detentions during the period 1 January to 30 November to a total of 190, including two Australian registered vessels.
One of the longest detentions during the latest period under review involved the Malaysian registered containership Nepline Teratai which was held up in Brisbane for over eight days, delaying the vessels scheduled sailing time by 195 hours.
- Columbus in new South American co-operation
COLUMBUS Lines parent company, Hamburg Sud and its Brazilian partner, Alianca, are to enter into co-operation with CGM/Transroll in the trade between northern Europe and the east coast of South America.
The presently operated individual services of both groups will be merged into one joint, high frequency, service.
The co-operation will commence in the second half of this month.
It will embrace the joint operations of vessels and the sharing of slots.
The fleet will include nine vessels of about 2,000 teus each.
|DECEMBER 10, 1998|
- Matson Executive Dies At 49
Matson Navigation Co. executive Walter D. Brewer, 49, died unexpectedly on November
11. Mr. Brewer had been the companys director of corporate development at the San
Francisco headquarters since 1990. He directed and oversaw the development of a number of
key strategic initiatives for the company, including the development of an alliance
service in the Pacific with APL in 1996. "He was an exceptionally valuable
member of our executive team who had a unique ability to use his broad experiences and
extremely inquisitive mind to formulate very clear strategies, as well as provide
comprehensive and visionary insights into the future of our organization," said C.
Bradley Mulholland, Matson president and CEO. Mr. Brewer is survived by his wife and
their two children.
- NNS Promotes Six To Director Roles
Newport News Shipbuilding (NNS) has promoted six employees to director positions within
the organization. Jennifer Boykin, who joined the company in 1987, has been
appointed director of Facilities. She is responsible for the facilities engineering,
construction and the maintenance of company buildings, equipment and service throughout
the 550-acre facility in Virginia. Greg Corey has been promoted to director and
assistant controller with responsibilities including financial reporting, general
accounting, tax and government liaison functions. John Lilley, promoted to director
of Carrier Overhauls, will lead the effort to plan and conduct overhauls of aircraft
carriers at NNS. A 26-year employee of NNS, Harold Paxton has been appointed to
director of Carrier Construction. Mr. Paxton will be responsible for all carrier
construction activities to include ship progress, schedules and performance. Tim
Thomassy has been appointed to director of Business Development. Mr. Thomassy will
identify and evaluate new business opportunities for NNS, as well as provide aircraft
carrier and submarine engineering design and analysis support to the U.S. Navy customer
and represent NNS with the Navy and other Department of Defense customers. Mike Wynn
has been appointed director of CVN New Construction/Design, responsible for the
non-nuclear design of the Ronald Reagan (CVN 76), as well as CVN 77 and future
- Lockheed Martin Executive To Head Southwest Marine
United States Marine Repair, Inc. (USMR) has appointed Monty W. Dickinson as
president and general manager of its subsidiary, Southwest Marine (SWM), located in San
Diego, Calif. Mr. Dickinson joins Southwest Marine following a 37-year career with
Lockheed Martin and General Dynamics. He will fill the position previously held by B.
Edward Ewing, now president and CEO of USMR.
- P&O Nedlloyd Has Positive 3Q
P&O Nedlloyd has announced that cost saving measures and improved trade volume
contributed to a 20% increase in third quarter profits, despite reduced rates and the
continued negative impact of the Asian financial crisis. The company reported operating
profits of $30 million for the third quarter compared to $25 million for the same period
in 1997. Although there was a four percent reduction on revenues per TEU, an increase of
11 percent was experienced in this quarters throughput, which offset reduced rates,
higher interest charges due to financing costs of new ships, and the negative effects of
the Asian crisis.
- GL Ranked As Fourth Largest Classification Society
Germanischer Lloyd (GL) recently announced that its core ship classification activities
grew by 19 percent in 1997. Worldwide, 4,664 seagoing ships of 26.6 million GT were in GL
class at the end of 1997, representing a 12 percent increase in tonnage over the previous
year. A member of GLs executive board, Rainer Schoendube, said,
"Reckoned by the number of ships classed of over 300 GT, GL is now the fourth largest
classification society." Mr. Schoendube also said that Germanischer Lloyd held nearly
50 percent of worldwide containership orders by number at the end of 1997. By TEU, the
society now has 43 percent of all containerships in its class.
- ABB And IHI Form New Joint Company
ABB Industry K.K. and Ishikawajima-Harima Heavy Industries Co. Ltd. (IHI) jointly
established Turbo Systems United Co. Ltd. in October. The joint venture sells and services
the full range of ABB and IHI turbochargers for marine and power plant use in Japan and
Taiwan. Emphasis will be placed in the introduction of the new generation of ABB
Turbochargers and the further development of after sales service capabilities. Kendschi
Takeo has assumed the position of executive director and president. He previously
served as chief engineer at IHI, having gained vast experience in international R&D
projects in the field of gas turbines, jet engines and turbochargers. Oliver
Riemenschneider has been appointed executive director and senior vice president, and
is also responsible for after sales services business. Masashi Kimura has been
appointed director and division manager of turbocharger business. He is responsible for
sales of new turbochargers, application engineering and product support.
- BV Awards First VeriSTAR Machinery Notations
Bureau Veritas has awarded the first certificates under its new risk-based classification
system, VeriSTAR Machinery. Denmarks Elite Shipping A/S and Frances SOCATRA
were presented with certificates for ships certified with the new notation. VeriSTAR
Machinery is a risk-based system which integrates the owners planned maintenance
system with classification. Risk analyses are performed on the planned maintenance system
to establish an acceptable risk level. The new system was launched in November in London.
VeriSTAR Machinery has been tested in service on several different ships, and is designed
to achieve more cost-effective operation and classification.
- BF Goodrich Merging With Coltec Industries
BF Goodrich and Coltec Industries have announced plans to merge. Under the terms of a
definitive agreement approved by the boards of both companies, Coltec shareholders will
receive .56 shares of BF Goodrich common stock for each Coltec common share. Based on BF
Goodrichs closing price of $35.94 on Nov. 20, 1998, the transaction is currently
valued at $20.13 per Coltec share, or a total of approximately $2.2 billion, including the
assumption of Coltec debt. The companies expect to achieve minimum annual cost savings of
approximately $60 million by 2001, with significant savings beginning in 1999. The
transaction is expected to be completed by as early as spring 1999, and is subject to
approval by shareholders of both companies, applicable regulatory authorities, and other
- Mobil Launches Water In Fuel Guarantee
Mobil International Marine Fuels has become the first bunker supplier to offer a cash-back
guarantee of low water content in its fuel oil. "Mobil guarantees a maximum water
content of 0.5 percent in its fuel oil supplied at Singapore," says Iain White,
Mobil manager for marine fuels and trading. "Anything more than that and we pay the
buyer the difference." Heavy fuel products sold to the ISO 8217 standard are
required to have a water content of less than 1.0 percent. Mobil is to guarantee a content
of less than half of this for all its Singapore supplies. "Owners and charterers want
the best price and the best quality. And they do not want disputes over quantities. Excess
water in the fuel affects both price, quality and quantity. We are certain of the high
quality of our product, and prepared to guarantee it," says White.
- Moran Announces Executive Appointments
Edmond J. Moran, Jr., a Moran employee for 27 years, has been named a senior vice
president and will oversee the companys port operations and ship docking business
based in 13 ports on the East and Gulf coasts of the United States. Gregory F. McGinty, a
former Turecamo executive, has been named a senior vice president with responsibilities
for business development and the companys construction and repair activities.
William P. Muller will remain president of the companys Moran Services Corp.
subsidiary and has also been named a senior vice president of Moran Towing Corp. with
responsibility for the companys marine transportation and contract towing
operations. Peter J. Nistad, a former Turecamo executive, has been named a senior vice
president with responsibility for port operations and ship docking in Southeastern and
Gulf ports. According to Moran Towing Corp.s CEO and president, Malcolm W. MacLeod,
the management appointments and the companys reorganization along functional lines
"represent a major step forward in realizing the benefits that we envisioned from
combining the Moran and Turecamo businesses."
- Cummins To Offer Case Credit Financing
Cummins Engine Company, Inc. and Case Credit Corporation have entered into an agreement
through which Case Credit will make financing available for North American commercial
marine customers building or repowering vessels powered by Cummins engines.
"This is a win-win situation for our customers, for Cummins and
for Case Credit," said F. Joseph Loughrey, executive vice president and group
president-industrial for Cummins. "It provides a full array of quality financing
options for our customers, a value-added way to increase Cummins sales and a means
for growing Case Credits portfolio."
|DECEMBER 11, 1998|
- Hartmut H. Menzel looks to niches of the future. Norasia's ambitions for the future are to find new niches and serve them better than its rivals.
Ports and Terminals
- Hamburg Süd/Alian'a and CGM/Transroll will cooperate in the trade between North Europe and the South American east coast.
- Columbus expands its service between North and South America.
- KMTC reorganises its South Korea-Japan services.
- Zim upgrades its feeder network to Asia via Colombo.
- Unifeeder expands Baltic service to include more North European ports.
- Andrew Weir/MacAndrews adds a connection to the Canary Islands.
- The Taca lines have appealed to the European Court of First Instance, and are discussing a new trans-Atlantic agreement.
- ANL-Container Line has started up, following CGM's takeover of ANL's liner shipping activities.
- AEI has signed a preliminary agreement committing freight to FastShip vessels when they start in 2002.
- Seaports are essential parts of Europe's intermodal network, according to Dr J.M. Dekkers of Feport.
- The land grant for Container Terminal 9 has been signed in Hong Kong.
- ECT and RCT are jointly building a trimodal inland container terminal in Belgium.
- Mitsui and NOL have started up a new container terminal in Vietnam.
- The Mina Raysut/Salalah hub has been officially opened.
- LH Cargo: five years at Sharjah hub. Lufthansa's successful air cargo hub at Sharjah concentrates mainly on transit cargo.
- LH Cargo was unable to repeat last year's good interim result in the first three quarters of this year.
- Swissair Express is launched jointly by Swissair and Air One.
- British Airways announces new flights out of London Gatwick.
- Emirates prefers bilateral partnerships, despite the trend towards worldwide alliances.
- SAS and All Nippon Airways enter a long-term partnership.
- Nippon Express and FedEx will cooperate in express shipments out of Japan.
- Deutsche Post has just announced that it will take over Danzas.
|DECEMBER 11, 1998|
- Tsakos warns bondholders
NICK TSAKOS (phot0) has told junk-bond investors in US-listed Global Ocean Carriers (GOC) that the company faces a hostile market including delays in charter payments from the Far East.
- LNG cash squeeze
- Bergesen on the spot
- China woos its owners
- Bulk plans put on ice
- Writs issued
- Detentions, Bunkers & Casualties
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