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07 April 2020 The on-line newspaper devoted to the world of transports 11:30 GMT+2

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Shipping Timesweb site
AUGUST 25, 1998
Shipping News
  • Efficiency the deciding factor in choice of port
    Productivity, frequency of main-line calls also cited as factors that make S'pore top transhipment port
  • Court hearing starts on S'pore Strait collision
  • Port of Palm Beach to build US$12m cruise terminal
  • Taca confident court will overturn EU fines if imposed
  • Collision at Tuas Bay
  • Mah Bow Tan to speak at law seminar
Air and Land Transport
  • Full cargo operations resume at Chek Lap Kok
    Hongkong Air Cargo Terminals Ltd now running all operations out of Super Terminal 1
  • Call to stop Bangkok flights to Cambodia's Angkor Wat
  • Air New Zealand's travelling billboard
  • China firm extends cooperation with Boeing
  • Indian Airlines cautions against raising capacity
  • Taiwan seeks to end stalemate
    Authorities study recommendations to prevent pilots' threat to halt services in protest over plan to cut their number

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Sched Netweb site
AUGUST 25, 1998
  • MSC announces surcharges
  • Pride and Honour for Canada Maritime
  • Malaysia fights back over port issue
  • BIMCO leads 'toward better decisions'
  • Europe rail declines, road gains
  • Hong Kong, Turkey to expand relationship
  • Toledo holds extra benefits for Lufthansa
  • Panalpina gets Number 1 rating in Europe

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Cargowebweb site
AUGUST 24, 1998
  • KLM serves subpoena on pilots
  • NS Cargo loss in spite of substantial volume rise
  • Better result BTL
  • Kuehne & Nagel Group records pleasing business development
  • Shares repurchased by Van Ommeren reach 10 percent limit
  • Pakhoed reports 15 percent higher earnings

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The Journal of Commerceweb site
AUGUST 25, 1998
  • Carriers drop rates on Latin trade lane
  • Yeltsin's moves may signal own departure
  • Crime wave continues to grip capital of Mexico, posing threat to US business
  • Thai minister vying for chief spot at WTO
  • CN, union reach preliminary accord
  • Some details on Clinton's harbor tax replacement plan leak
  • Fine Air And Southern Air cancel their engagement
  • EU duty to hit India grey cotton exports
  • Northwest Airlines begins to embargo airfreight
  • Allstate files $25 million fraud lawsuit against L.A. docs and chiropractors
  • Workers expected to ratify CN pact
  • Hong Kong cargo handler returns to new airport
  • Branson delays plans to float Virgin Atlantic stock
  • DNA vanishes along with DHL founder
  • China's stance softens in US shipping feud
  • Unions protest SSA port deal

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Cyber Shipping Guide - Ocean Commerceweb site
AUGUST 25, 1998
  • Shipper's Body Unveils THC Survey Results
  • TWRA Announces Lower CAF for Oct-Dec Period
  • Lifting of Box Rules Urges Japanese Brewer to Use More FEUs
  • CN Wraps Up Negotiations with Major Unions

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urgente online pressweb site
AUGUST 25, 1998
  • Interrail elimina el tope de edad
  • El puerto de Amberes se libra de la crisis asiática
  • Varig renueva flota con Boeing
  • Fiat Ferroviaria venderá un tren rápido a Polonia

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Exim Indiaweb site
AUGUST 24, 1998
  • Exporters hail RBI steps
  • Road projects allowed 10 pc depreciation
  • Optimism on non-basmati rice exports
  • ITAT: Depreciation can be claimed before production
  • MbPT task force to draw up growth strategy
  • Nafed hikes onion f.o.b. prices by $ 150 a tonne
  • Customs, excise collections spurt in July
  • 40 port projects cleared
  • AEPC switches over to ETS
  • Ranina allays fears on Money Laundering Bill
  • Fishing
  • Fertiliser subsidy raised
  • Venture capital firm in AP to aid software cos

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Lloyd's Listweb site
AUGUST 25, 1998
  • China hints at Sea-Land concessions
    Chinese officials have signalled willingness to grant a key concession to an American shipping company if there is an easing of tensions in maritime relations between the two nations.
  • Russian share turmoil
    SHARES see-sawed on European and emerging markets amid renewed concern over Russian stability and whether president Boris Yeltsin himself could hold on to power.
  • Negros Navigation sees $3.3m first half losses
    Negros Navigation, the Philippines' oldest domestic passenger and cargo liner reported a net loss of Peso138m (US$3.3m) for the first half of 1998.
  • Maersk buys China firm
    Maersk Container Industry has reached an outline agreement to buy Qingdao Jindo Reefer Container Co, from Korean container manufacturer Jindo.
  • CP Ships targets ANZDL acquisition
    CP Ships is understood to have offered up to $100m to buy Australia-New Zealand Direct Line from French transport operator Delmas and New Zealand's troubled investment giant Brierley Investments.
  • Maersk talk fuels Asian trade uncertainty
    THE new flurry of rumours in Australia about Maersk Line's intentions with its Australia/north Asian operations have underscored the uncertainties in that trade, writes Kevin Chinnery, Sydney.
  • Loss-making Torm writes down fleet
    DS Torm has written down the value of its fleet by around 13% or DKr220m ($32.3m) and further made DKr80m in provisions on bareboat chartered vessels.
  • DSF eyes more newbuild loans
    Danish ship-mortgage lender DSF expects to increasingly offer loans for newbuildings from Danish-owned foreign shipyards and for Danish owners' orders from foreign yards, writes Andrew Draper, Den-mark Correspondent.

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Fairplayweb site
AUGUST 24, 1998
  • Maltese pm tours island's shipyards
    MALTESE prime minister Dr Alfred Sant toured the island's two shipyards last week as part of his election campaign.
  • Norway floats its currency
    NORWAY'S central bank has decided to allow the krona to float after raising its benchmark interest rate for the second time in two days.
  • Productivity surges at Rio box terminal
    GRUPO Libra, the operator at Rio de Janeiro's Terminal 1, reports that it has more than doubled productivity since it began operations this spring.
  • Newcastle hits coal record
    A SURGE in coal exports has confirmed Newcastle as Australia's premier tonnage port and the world's largest capacity coal export port.
  • BIMCO protests to China
    BIMCO and the International Maritime Bureau are officially protesting to the Chinese government over the treatment of merchant vessels at its ports.
  • India takes action on cabotage
    INDIA is to take action against foreign ships carrying domestic cargo without obtaining prior permission.
  • UK and Swedish activity lift DFDS
    DFDS, the Danish ferry and haulage group, saw its first half figures boosted by active trade in the UK and Sweden.
  • NCLH to seek NYSE listing
    OSLO-based cruiseship operator NCL Holding is to seek a listing for its shares on the New York Stock Exchange, but has dropped the option of a share issue.
  • Stena Discovery delayed by faulty linkspan
    STENA Discovery has returned to the Netherlands this morning following the failure of the linkspan at Harwich.
  • Nenaco on debt reduction programme
    PHILIPPINE shipping operator, Negros Navigation, is seeking softer credit terms from its lenders, and may sell non-core assets to ease the company's Pesos 4bn ($95m) debt burden.
  • Wilhelmsen expands into handysize
    WILH WILHELMSEN, the Norwegian shipping group, has acquired a 23.5 per cent stake in Bergen-based Western Bulk Shipping.
  • Court dismisses Subic Bay chairman's plea
    OUSTED Subic Free Port chairman Richard Gordon has had a plea that he should remain in his post dismissed by the Philippine appeals court.
  • BV ex-managers officially charged
    SEVEN former senior managers at Bremer Vulkan group have now been officially charged with fraud by Bremen state prosecutors.
  • Malaysia 'losing out on insurance'
    MALAYSIA is losing about M$1bn ($236m) annually in the form of shipping insurance, because exporters continue to use foreign ports, according to a Malaysian minister.
  • Taiwanese arrested for sailing to China
    THREE Taiwanese deputies and 13 others were arrested last week for defying a government ban on direct sailing to China.
  • US repairer cuts 80 jobs
    CASCADE General, operator of the largest shiprepair facility on the west coast of North America, has announced it will cut 80 of its permanent staff.

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Daily Commercial Newsweb site
AUGUST 25, 1998
  • Crucial period for wharf settlement
    The next 24 to 48 hours will be crucial to the future enterprise agreement negotiations now in progress between Patrick and the Maritime Union of Australia.
    Industry sources told DCN yesterday that informal discussions were progressing and these may turn into formal talks within a matter of hours.
    In any case, both parties are reported to be aware that the next 24 to 48 hours are crucial to the resolution of their differences which were yesterday still said to number eight.
    Of those eight, four were not regarded as being "genuine".
    If no agreement is forthcoming, it is expected that the stevedore will press for the involvement of the Australian Industrial Relations Commission which could then conciliate and arbitrate the matter.
  • Kiwis grab another Aust forwarder
    Transport giant Brambles Industries Ltd has sold off its Australian international freight forwarding division to New Zealand transport group Tranz Rail Holdings Limited for an undisclosed sum.
    Brambles' head office did not want to comment on the sale yesterday, but Tranz Rail revealed on Friday it had bought Brambles International Cargo, the freight forwarding operation of Brambles Australia Limited.
    It is believed that BIC staff and customers were informed of the sale on Friday.
    The acquisition of BIC bolsters Tranz Rail's modest presence in the Australian transport market and represents its first venture into the global freight forwarding arena. Tranz Rail's only other Australian venture is its 27 per cent equity interest in Australian Transport Network Ltd, which operates Tasmanian rail freight operation, Tasrail.
    Bramble's sale of BIC -- part of the company's plans to divest activities in Australia which do not fit its long-term strategy -- follows the divestment of its domestic general transport and freight forwarding businesses two years ago to Toll Holdings Ltd for $25 million.
  • WA govt announces Westrail task force
    The Western Australian government has appointed the five-member task force that will ultimately manage the sale of Westrail's freight business.
    The Rail Freight Sale Task Force, which will report to the cabinet, will determine the timing and structure of the freight business and associated infrastructure for potential buyers.
    It will be chaired by Transport director-general Dr Chris Whitaker, its deputy chairman will be John Langoulant of the treasury and its other members are Stephen Wood of the Department of Premier and Cabinet, Graeme Harman of the office of the Minister for Transport and Tim Sharp of the Crown Solicitors Office.
  • Shipping outlook bleak: ACOS
    The months ahead will be difficult for the shipping industry, according to Australian Chamber of Shipping (ACOS) chief executive John Jenkins.
    Writing in the ACOS annual review of shipping, Mr Jenkins said the trend towards major consortium operations on a global scale would continue in liner/container shipping, as being the only practical defence against a continued depressed market where all other cost savings had already been explored.
    He warned that benefits which the industry might earlier have had reason to believe would gradually emerge during the year would now take considerably longer to become evident.

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