Kvaerner Govan to axe 100 more jobs CLYDESIDE shipbuilder Kvaerner Govan yesterday accompanied a decision to shed another 100 jobs with a commitment to spend at least '7m ($11.8m) improving the loss-making yard's facilities.
EU blamed for delaying inland transport progress EUROPEAN Commission opposition to joint pricing on freight trains operated by shipping lines is hindering the development of efficient inland transport services, a senior liner shipping executive claimed yesterday.
Keppel still bullish as currency falls LISTED Keppel Philippine Holdings remains bullish about its prospects in 1998 despite a 22% drop in its third quarter profits. The group, which controls the three largest shipyards in the Philippines, is among the few local companies expected to benefit from the currency crisis which has battered the economy since the middle of this year.
Third quarter earnings fall at MC Shipping AN increase in vessel operating costs dented third quarter earnings at Monaco-based MC Shipping, despite an increase in revenues.
Minister backs British fleet revival ALL industrial sectors connected with shipping must help to save the British Merchant Marine from further decline, shipping minister Glenda Jackson has warned.
Disney terminal plan for San Francisco WALT Disney Company has been holding private talks with the Port of San Francisco about building a cruiseship terminal, hotel and entertainment complex at Piers 30-32, south of the city's Ferry Building.
IMO measures will influence law DELEGATES to the biennial session of the International Maritime Organisation's supreme governing body today start reviewing the reports and recommendations of the Maritime Safety and the Marine Environment Protection committees.
Seamen fail in Canada refuge plea FOUR Filipino seamen who claim they witnessed the murder of three Romanian stowaways cannot remain in Canada as refugees, Reuters reports.
ICTSI hit by currency turmoil INTERNATIONAL Container Terminal Services (ICTSI), Manila's largest port operator, has been hit by the regional currency turmoil.
Japan looks to reduce pilotage fees PILOTAGE charges at Japanese ports could be cut by an average five per cent next year.
NYK to start semi-liner service to Australia NIPPON Yusen Kaisha (NYK) will start a monthly semi-liner conventional cargo service between Japan and Western Australia on January 1.
German ports deny merger talks HAMBURG and Bremen based port operators HHLA and BLG have denied earlier reports about a possible merger of the two companies.
Nunn heads for IUMI THE International Union of Marine Insurance (IUMI) has appointed Tony Nunn as its special liaison officer with the IMO.
Five Croation shipbuilders to merge FIVE Croatian shipbuilders are to be brought together to form a centralised government-controlled holding company, according to the director of the Croatian Register of Shipping.
Lykes "invades" Europe LYKES Lines is to establish its own organisation in key European markets to replace its agency arrangements.
Fearnleys forecasts bullish tanker market FEARNLEY'S, the Norwegian broker, has forecast a strong tanker freight market over the next two years.
Azeri oil to be loaded at Novorossiisk OIL from fields in the Caspian Sea region of Azerbaijan will be sent via pipeline to the Russian Black Sea port of Novorossiisk from December.
SCI and Zim boost sub-continent service THE joint Shipping Corp of India/Zim Line operation has strengthened its Europe-Indian sub-continent container service with a fifth ship.
Frontline extends ICB bid FRONTLINE has extended its bid for ICB Shipping by one week to November 21.
BHP in Darwin landbridge bid AUSTRALIA'S second largest company, BHP, has joined a domestic consortium to bid for the nation's proposed north-south landbridge.
Rhein to head restructured APL TIM Rhein has been appointed president and ceo of APL, following the acquisition of the Oakland-based liner company by Neptune Orient Lines.
OSG posts loss despite gain from Celebrity sale NEW York-based Overseas Shipholding Group has reported a loss of $4.4m from continuing operations for the quarter ending September 30.
Katoen/Seaport 'to invest in Marseilles/Fos' ANTWERP-based stevedore Katoen Natie is to invest in the Marseilles/Fos petro-chemical complex.
Trasmed reports nine-month loss SPANISH ferry company Trasmediterránea has reported a consolidated loss of Ptas514m ($3.5m) for the nine months to September 30.
Government to disclose maritime vision The federal government is expected to disclose details of its vision for Australia’s maritime industry next Monday. Details of the way forward for the industry will be unveiled at a meeting between maritime unions and the Federal Minister for Workplace Relations, Peter Reith, in Canberra. The meeting was originally to have been held today, but has been postponed until Monday in order to accommodate the schedules of the assistant secretary of the Australian Council of Trade Unions, Greg Combet and the national secretary of the Maritime Union of Australia, John Coombs. Mr Coombs told DCN yesterday the Minister has advised that he has formulated his views on the reform of the maritime industry and "felt it was only fair to let us know." "I don’t think I will be accompanying myself with champagne," Mr Coombs added.
P&O Ports to undergo major restructuring P&O Ports Ltd is to undergo "a fairly major restructuring" within the next few weeks. This was confirmed yesterday by the managing director of P&O Australia Ltd, Richard Hein. However, Mr Hein discounted claims that the administration of the division would move to London or that its managing director, Richard Setchell, would move overseas. "There is no suggestion of this whatsoever," he said with reference to the London claim. Mr Hein said the business, particularly its international section, has grown dramatically in recent years, hence the need for the restructuring.
NPC gears up for world lead The Newcastle Port Corporation is preparing for the role of one of the world’s largest and most efficient coal loading and storage ports. To complement work underway in the port by private companies such as Port Waratah Coal Services, the Corporation is working on new ship handling procedures and is drawing up dredging plans. Writing in the latest edition of the Corporation’s newsletter, its chief executive officer, Glen Oakley, said the port authority is continuing to review ship handling operational guidelines in order to service the vessel requirements of the expanding Kooragang terminal. "The harbour master and pilots have already trialed and implemented new guidelines which have had a significant impact on throughput," Dr Oakley said. "They are to be congratulated for their ongoing successes in this area. "Planning for channel deepening and berth configuration at Kooragang is well underway and efficiency studies have been undertaken to further enhance performance of the coal vessel movement system."
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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