Seaways vessels set free after London ruling FOUR vessels belonging to John Frangos' Seaways Shipping Enterprises fleet, which has been embroiled in a multi-million dollar dispute with the owner's former father-in-law, Loucas Haji-Ioannou, have been set free after a London court decision.
UASC planning service moves UNITED Arab Shipping (UASC) wants to expand its portfolio of services without abandoning its core market in the Arabian Gulf and Red Sea.
How Hong Kong plays the China card THE financial crisis that swept southeast Asia over the summer and the uncertainty that crept into northeast Asia this autumn has curiously bypassed Hong Kong. Hong Kong's economy is tightly linked to that of China's, which at present is largely insulated from the whipsaw effects of international capital movements.
Centromor set to acquire 40% of Gdansk yard THE shareholder structure of Polish shipyard Stocznia Polnocna in Gdansk may change shortly, a yard spokesman has told Lloyd's List.
New 45 ft container avoids EU ban GEEST North Sea Line has patented an innovative design for a 45 ft container that is compatible with European Union length restrictions.
Waveney issue proves popular THE offer of shares in Waveney Shipping, a British marine company, has been oversubscribed, promoter Matrix-Secu-rities said, writes Tony Gray.
Paralysis by analysis ' a warning from the past HERE are two true stories. In the last century, a family firm on the east coast of England owned small sailing ships in the coasting trade; collier brigs to be precise. The time came when the owner of the company stepped down in favour of his son. The new boss liked Modern Methods.
A team effort to end this blame culture MOST industries are prone to certain tensions between penpushers and accountants on one side and those at the sharp end on the other.
Trans-Tasman bans could overshadow reform plans The federal government's maritime reform plans, which are to be unveiled this week, may be overshadowed by the resumption of industrial action on the trans-Tasman. A spokesman for the Federal Minister for Workplace Relations, Peter Reith, confirmed on Friday that a meeting will take place with the relevant unions later this week. The spokesman said Mr Reith wished to extend to the unions the courtesy of making them aware of the policies the government intended to pursue with respect to the industry. While the meeting is expected to concentrate on the maritime industry, issues relating to the waterfront are also likely to be raised. However, confirmation that the government intends, through ANL Ltd, to dispose of the Tranztas Trader, now on charter to BHP Transport, has raised the prospect of a resumption of the campaign to protect the trans-Tasman accord. The deputy national secretary of the Maritime Union of Australia, Tony Papaconstuntinos, said on Friday it was his understanding that the instructions to ANL Ltd came from Mr Reith.
Rate restoration starts next year The Australian and New Zealand/Eastern Shipping Conference has announced a rate restoration program on the Japan to south - east Australia. Existing rates will rise by as much as US$100 per 20 foot container and US$200 for 40 foot boxes with effect from the sailing of the Southern Cross Maru from Yokohama on 12 January next year. The rate restoration will apply to all cargo from Japan to ports in south and east Australia. The lines said the increase is necessary in view of escalating operating costs and the need to maintain a high level of service to their customers. Llew Russell, the chief executive officer of Liner Shipping Services Ltd, added that it has been almost three years since there was any rate restoration in this trade.
Klaveness seeks Australian business A high level delegation from Norway's Torvald Klaveness Group visited Australia last week. Led by the chairman and chief executive officer of the group, Tom Klaveness, the eight member delegation met with local members of the industry in Sydney, Melbourne and Fremantle. Also present were the senior vice president and partner responsible for marketing of the group, Sverre Roine and senior vice president and partner responsible for business development, Rolf Nilsen. The marketing managers of the group's Panamax, Capesize and Handysize divisions, Stein Helsvig, Espen Jorgensen and Anders Roine, formed part of the delegation. The Torvald Klaveness Group is interested in expanding its business volume, based on a versatile fleet of geared and gearlesss tonnage ranging in size from 8,000 dwt to 200,000 dwt, in this region.
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