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14 November 2019 The on-line newspaper devoted to the world of transports 08:10 GMT+1

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Shipping Timesweb site
OCTOBER 16, 1998
Shipping News
  • Upbeat Samudera to start another S'pore-India service
    Others in feeder trade concerned about fall in rates with new entry
  • Royal Caribbean fined US$8m for dumping oil
  • Call to continue joint R&D to improve marine environment
  • China ship delivered to Myanmar
  • Port shots
Air and Land Transport
  • SIA, Cathay, MAS hope to build loyalty with average traveller
    Their new frequent flyer programmes allow economy class passengers to accrue air miles
  • Cathay teams up with Japan Airlines
  • HK carrier still in talks on stake in Philippine airline
  • Asia logistics has far to go to match US levels
  • British Midland keen on starting US flights in 2000
  • Virgin halves some transatlantic fares
  • American ports vie for trade
    To service the giant container ships of the future means they must spend big bucks on facilities and infrastructures
  • Sale of ship by admiralty court gives buyer unencumbered title

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Sched Netweb site
OCTOBER 16, 1998
  • K Line improves on its transpacific service
  • Maersk appoints new CEO
  • China crates to undergo anti-beetle treatment
  • Hanjin to receive last in series in December
  • Malaysian operators still behind Singapore
  • Evergreen gets new China call
  • Montreal Protocol 4 approved
  • Court threat for PAL
  • Anson Chan clarifies SAR's decision on airport opening

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Cargowebweb site
OCTOBER 15, 1998
  • Deutsche Bahn/UPS against Lufthansa/DHL
  • Port of Rotterdam invests $ 230 million and pays municipality $ 45 million
  • Aid to Russians
  • Electronic inland-shipping exchange not yet there

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The Journal of Commerceweb site
OCTOBER 16, 1998
  • How the box imbalance is altering the trans-Pacific trade
  • Trucking company puts Nafta theory into trade practice
  • Clinton signs ship-reform bill
  • IMF economic data inaccurate; use of outdated figures blamed
  • Federal Reserve cuts two key interest rates
  • House conservatives oppose IMF funding
  • Red Cross says Hurricane Georges is costliest disaster yet
  • Panama Canal toll revenue up over 10%
  • Fish oil specialist withdraws Internet business bid
  • NIT League's Emmett announces conferences on shipping reform
  • Congress blocks Customs funding
  • Philippine Airlines may be asked to return leased Boeing 737s
  • Latin conference's survival in question after two big lines exit
  • Philadelphia yard safe, Kvaerner says
  • Transport Workers' affiliate targets Russian shipowners
  • Race to handle farm equipment heats up among three ports

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Cyber Shipping Guide - Ocean Commerceweb site
OCTOBER 16, 1998
  • APL Action Prompts TWRA to Convene Emergency Meeting
  • EU Fines Delay TACA Rate Program for 1999
  • Ehime Prefecture Sends Trade Mission to Seattle
  • U.S. Rail Traffic Gains over Same Quarter in 1997
  • Nittsu Starts Late-Night Pickups

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urgente online pressweb site
OCTOBER 16, 1998
  • La Comisión amonesta a España por incumplir la legislación europea
  • I Symposium Internacional de la Logística
  • MRW recibe el "Indalonce de Oro" de la ONCE
  • UPS introducirá en Europa el "cambio rápido de aeronave"
  • Nefab compra Logpac AB
  • Peugeot lucha contra el efecto invernadero
  • Europcar lanza los "europoints" para fidelizar el mercado español

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Marine Logweb site
OCTOBER 16, 1998
  • Halla books two 302,000 dwt VLCCs--at $140 million the pair
  • Tonseth hops out on a golden parachute as debt-laden Kv'rner plans cut-backs and sell-offs
  • Norwegian shipowners keep their taste for TBT
  • Kvaerner Group ousts CEO
  • Another setback for Sea Launch
  • NORSHIPCO slashes labor force

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Il Sole 24 Ore On Lineweb site
OCTOBER 16, 1998
  • A giorni la decisione per un ingresso di Sinport (controllata dal gruppo orientale Psa) nella gestione del terminal Singapore sbarca a Livorno Con un traffico in crescita del 60% lo scalo labronico scommette sull'internazionalizzazione
  • Nello shipping i conti in euro sono già realtà
  • Il ruolo delle imprese nel futuro del porto toscano
  • E alla Spezia si concentra l'attivit' della svizzera Msc

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Lloyd's Listweb site
OCTOBER 16, 1998
  • Cottew sells entire Osprey stake
    TIM Cottew, founder and chairman of Singapore tanker owner Osprey Maritime, has been forced to sell his entire stake in the company, leaving the Barclay brothers, David and Frederick, with a holding of nearly 25%.
  • Frontline pulls out of Intertanko
    John Fredriksen's Frontline has resigned from Intertanko, the independent tanker owners' organisation.
  • Freight rates pull Bona lower at third quarter
    WEAK aframax and panamax OBO freight rates contributed to a 37% unadjusted decline in nine-month operating profits at Bona Shipholding, although the company said its cost-cutting and efficiency efforts were starting to pay off.
  • Welcoming banquet
    TAIWAN envoy Koo Chen-fu, chairman of the island nation's Straits Exchange Foundation, toasts businessmen during a welcoming banquet in Shanghai yesterday. More than 3,000 Taiwanese businessmen work in Shanghai. Mr Koo is scheduled to meet China's Communist Party chief, Jiang Zemin, in Beijing on Sunday, the highest-level contact since the Nationalists lost the civil war in 1949.
  • Ocean Marine eyeing fixed premiums
    TROUBLED P&I club Ocean Marine Mutual is weighing up options for its future development in the light of recent changes in the P&I and hull insurance markets.
  • London in port link with Hamburg
    THE ports of London and Hamburg have announced a joint working agreement to form a 'trade bridge' which is expected to bring more trade and business opportunities for both ports.
  • Kinnock calls for charter on quality
    European transport commissioner Neil Kinnock has called for an "industry charter" to support Europe's Quality Shipping Campaign.
  • Paris turns down CMN offer for Ateliers
    THE French government has rejected a proposal from French shipyard, Constructions Mecaniques de Normandie (CMN), to take over struggling fellow shipbuilder, Ateliers et Chantiers du Havre.

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Fairplayweb site
OCTOBER 15, 1998
  • Seafarers quizzed after $250m heroin seizure
    AUSTRALIAN customs officers and federal police are questioning crewmen from a Belize-registered freighter following the nation's biggest heroin seizure.
  • Asians countries plan local currency trade
    INDONESIA and the Philippines have agreed to find ways to enhance trade using local currencies instead of US dollars.
  • Canada willing to discuss conference law
    CANADA is willing to discuss the Shipping Conferences Exemption Act with groups that want the legislation brought in line with changes being made in the US.
  • SCL becomes Safmarine Container Lines
    ANTWERP-based container line SCL has changed its name to Safmarine Container Lines following Safmarine's acquisition of CMB's 25 per cent stake in SCL in July.
  • India scrappers hold their breath
    INDIA'S beleaguered shipbreaking industry is waiting to hear if the US Congress will vote to ban the export of old ships to developing countries for demolition.
  • Valparaiso fruit handling goes hi-tech
    VALPARAISO port is to use the latest technology to speed up cargo handling when the Chilean fruit exporting season starts on November 1.
  • Italians hope to repeat Asian success
    FIFTY transport companies are represented in an Italian delegation to visit China between October 22 and 26 as part of Transpo '98.
  • PT Berlian presses PSTC on charters
    PT Berlian Laju Tankers has asked Philippines-based oil company Petron Corp to extend time charter agreement to the latter's tanker subsidiary PSTC.
  • Finnlines flags out newbuildings
    FINNLINES, the Helsinki-based liner operator, has decided not to register in Finland the two 30,500 gt ropax vessels it will receive from Astilleros Espanoles later this year.
  • Sacked wharfies sue Patrick
    TWO ex-wharfies who lost their jobs as a result of Australia's recent waterfront dispute are suing the stevedore Patrick, together with the government and a second stevedore.
  • Frontline seeks $50m cushion
    BERMUDA-based tanker operator Frontline is planning to raise at least $50m in loans in order to ensure its liquidity if the freight rates for large tankers turn sour.
  • Six shortlisted for Rio roro terminal
    SIX Brazilian groups have been shortlisted for the auction of the roro terminal at Rio de Janeiro.
  • Indian ships carried half government cargo
    INDIAN ships moved 51 per cent of government cargo for which shipments were arranged by Transchart, the chartering arm of the Ministry of Surface Transport, during 1997.
  • Finland axes shipping aid plan
    FINLAND'S government has axed the transport ministry's proposal to aid shipping companies with a Fmk170m ($34m) package that would have reduced labour and tax costs.
  • Steel 'dumping' angers US
    THE flood of cheap steel that has been setting import records at a number of US and Canadian ports has triggered 'dumping' charges in the US.
  • Work to refloat Leerort continues
    WORK is continuing in Colombo to raise and refloat the containership Leerort, which was heavily damaged as a result of a collision last month.

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Daily Commercial Newsweb site
OCTOBER 16, 1998
  • All issues resolved, Patrick claims
    All issues in dispute with the Maritime Union of Australia, including sub-contracting of maintenance, have been settled, according to stevedore Patrick.
    A director of the company, Bill Clayton, told DCN yesterday that after several days of intensive discussions with federal officials of the union, all issues which arose during the past four weeks when the company's new enterprise agreement was in force, have been resolved.
    This included the issue of maintenance which has now been concluded with the departure of another 170 members of the MUA, 115 of whom have been re-employed by the maintenance sub-contractor, Fluor Daniel.
  • Lines flag Sydney surcharge
    Shipping lines will have no option but to impose a congestion surcharge on Sydney ports unless productivity improves in the near future.
    This was confirmed yesterday by the chief executive of Liner Shipping Services Ltd, Llew Russell.
    Mr Russell said the situation in Sydney was at "boiling point" and unless the problems were fixed by early next week, a moderate surcharge would have to be applied.
  • Austrac launches intercapital, port services
    Privately-operated inter-capital daily freight train services are now a reality, following the formal launch of Austrac's Sydney-Melbourne operation this week.
    Trials which got under way six weeks ago between V/Line's Dynon Road terminal in Melbourne and Cooks River rail terminal in Sydney (DCN 11 September) have now turned into scheduled services, with freight support from Visy Board, Holyman Group, FCL, CUB, Lever Rexona, Australian Marshalling, Hewlett Packard and AEI.
    A ceremonial breaking of champagne on the burgundy and grey livery of Austrac's No 1873 loco was performed by Rail Access Corporation chief executive Judi Stack, as this week's Wednesday overnight train prepared to depart the Sea-Trans yard.
  • Redundancy offer ends Burnie strife
    The Burnie Port Corporation has agreed to take back five ship-to-shore communications duty officers who were officially retrenched at the weekend.
    This follows negotiations on Wednesday designed to end industrial action by members of the Australian Maritime Officers Union and the MUA.
    According to AMOU area secretary Stephen Groves, the five duty officers will be reinstated on three weeks paid leave, while the Corporation offers its entire workforce voluntary redundancies.
    "At the same time as they assess the impact of that they will complete a restructuring of the whole workforce," Mr Groves said. "It was a compromise but it was an acceptable outcome as far as we were concerned."

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Marine Linkweb site
OCTOBER 16, 1998
  • Finnlines To Register New Vessels Abroad
    Finnlines will register two new vessels abroad because of the government's rejection of a package of subsidies, tax breaks and labor regulations for the sector. The company said it was due to receive two new RoRo vessels at the turn of the year with combined cargo capacity of five km and passenger capacity of 880 people. registers.
  • With $4B In Navy Deals, General Dynamics Looks Strong
    General Dynamics exceeded Wall Street expectations for third-quarter earnings, due in part to $4 billion Navy contracts for 21st-century warships. The Falls Church, Va.-based defense contractor reported income of $94 million or 74 cents per share, beating analysts' estimates for the quarter by 2 cents. This was a 14 percent jump from its year-ago result of $82 million, or 65 cents per share. Sales grew about 18 percent to $1.172 billion from $988 million in the year-ago quarter, a company statement said.
  • Shell To Open Bunkering Service In UAE
    Shell Marine Products, an operating company of Royal Dutch/Shell, reportedly will start a new bunkering service offshore Fujairah in the United Arab Emirates next month. The new marine fuels supply service will reportedly start operations from November 15.
  • ICB Extends Astro Tanker Deal
    ICB Shipping AB and Obelia Finance Company have extended by one year an agreement to purchase Greek-owned Astro Tankers.
  • Uglands Buys 10% Of Swan Reefers
    Ugland International Holdings reportedly acquired a 10.4 percent stake in Norwegian refrigerated vessel operating company Swan Reefers ASA. Ugland owns a fleet of 10 reefer vessels.
  • Halla Gets $140M In Contracts
    South Korea's Halla Engineering and Heavy Industries Ltd., reportedly won a $140 million shipbuilding contract with Oldendorff. The ailing company, which has applied for court receivership, said it agreed to build two 302,000-ton VLCC on cash payment basis. The carriers are scheduled to be delivered in the first half of the year 2000.
  • Japanese Foreign Orders Drop 73.6%
    Japanese shipyards won foreign shipbuilding orders for 13 vessels, or 491,150 grt in September, down 73.6 percent from a year earlier, the Japan Ship Exporters' Association (JSEA) said.

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