DuPont plans to sell Conoco US chemicals giant DuPont plans to dispose of its oil and gas subsidiary Conoco, beginning the sale of a 20% stake through a public offering this year.
O'Neil calls for protocols push INTERNATIONAL Maritime Organisation secretary-general William O'Neil yesterday pressed for early enforcement of the 1988 Solas and Load Line Protocols in a speech to delegates at the 69th session of the organisation's Maritime Safety Committee.
Maritime academy for Philippines THE United States Merchant Marine Academy has agreed to assist the Associated Marine Officer's and Seamen's Union of the Philippines in establishing a maritime academy in the country.
Dutch tanker group set for share issue NEWLY-merged Brostrom Van Ommeren Shipping is proceeding with a stock market listing and a share issue to raise fresh capital of more than SKr200m ($25m), writes Tony Gray.
Launch of 'Toisa Perseus' heralds offshore advance MARKING a significant enhancement in multi-purpose offshore tonnage, the just-launched $50m Toisa Perseusis claimed to be the first vessel to be designed and built specifically for diverless subsea operations in ultra deepwater as well as subsea well intervention and workover.
Utrecht and Rotterdam linked by new service A NEW daily inland shipping link will be launched this week in the Netherlands, sailing from the port of Rotterdam to a new container terminal in Utrecht.
P&O boost on Europe trade to Australasia INTRODUCTION by P&O Nedlloyd of five new ships into the Europe/Australasia trades this year will increase container carrying capacity by nearly 10%. But with the trade showing steady growth in each direction, the Anglo-Dutch carrier is not anticipating any market disturbance.
'White Cattleya' charter PILIPINAS Shell Petroleum has signed a Peso300m ($7.5m), three-year time charter contract with MIS Maritime Corporation for the 2,700 dwt coastal tanker White Cattleya, writes Alec Almazan, Manila.
Wallenius and Wilhelmsen extend co-operation WALLENIUS and Wilhelmsen have agreed to significantly extend their rationalisation agreement on the Europe/Australasia trade.
Boluda wins fourth Mexican towage contract MEXICO'S Communication and Transportation Secretariat has awarded Valencia, Spain-based Boluda Group the contract to provide towage services in the port of Tampico.
NY&NJ channel deepening funds approved THE Board of commissioners for the Port Authority of New York & New Jersey has approved $88.7m to deepen portions of the Arthur Kill Channel.
Penang feels the Asian chill ASIA'S economic difficulties have been reflected in first quarter operating volumes reported by Malaysia's Penang Port.
P&O Ports backs away from waterfront job threat P&O Ports has backed away from reports that it would sack hundreds of wharfies unless their union agrees to significant productivity improvements.
MOL sells HIT stake MITSUI OSK Lines has sold three of the four per cent stake it held in Hong Kong International Terminals to majority shareholder Hutchison Whampoa
Singapore dominates Malaysian trade SINGAPORE continues to handle 60 per cent of Malaysia's seaborne trade despite the emergence of Port Klang and other Malaysian ports.
Cosco Pacific cuts its container budget CONTAINER lessor Cosco Pacific is planning to buy significantly fewer containers this year.
First 'fifth' survey is underway WHAT is believed to be the world's first 'fifth' special survey for a large tanker is currently underway in Dubai Drydocks.
Broström/Van Ommeren venture finalised THE acquisition of Van Ommeren's French subsidiary Van Ommeren Tankers and Van Ommeren Iver Ships by Broström Shipping has been completed.
Collision in Chao Phaya River AN outbound containership owned by RCL collided with an inbound tanker on a dangerous stretch of the Chao Phaya river, south of Bangkok, in the early hours of May 9.
Marina promotes bareboat chartering THE Maritime Industry Authority in the Philippines has suggested that oil companies pursue bareboat chartering if they want to ensure sufficient tonnage for the domestic trade.
KNSM boosts Morocco service KNSM, part of P&O Nedlloyd, has upgraded its North Europe Morocco service through the introduction of two 350 teu capacity ships.
Paris MOU to target bulk carriers THE Port State Control Committee (PSCC) of the Paris MOU has recently vowed to mount a concentrated inspection campaign on bulk carriers.
Van der Giessen launches first support vessel TOISA Perseus, the first of two $50m offshore multipurpose support vessels, was launched in Rotterdam on May 9.
Lloyd Triestino and SCL announce joint venture LLOYD Triestino and Safmarine and CMBT Lines (SCL) have announced a vessel sharing agreement on the container service between South Africa and the Mediterranean.
Liner mergers to continue, says NOL MERGERS and consolidation now dominating the liner sector are likely to continue in the face of increasing cost pressures, according to NOL group deputy president Lim how Teck.
India to promote oil ports THE Indian government is planning to open the port sector to public sector oil companies and petroleum multinationals in joint ventures.
SCL réalise l'intégration et l'optimalisation de ses services ouest et sud-africains Dans le liner aujourd'hui, la stratégie consiste à s'assurer une desserte maximale des marchés en alignant d'une manière aussi rationnelle que possible des moyens appropriés utilisés au maximum de leur capacité, en ayant recours à des concepts opérationnels permettant d'optimaliser les services tout en réduisant les coûts. L'armement belgo-sud-africain SCL (CMBT-Safmarine) développe pour sa part depuis quelques mois une nouvelle stratégie, qui lui permet, dans le cadre d'une étroite collaboration avec ses partenaires que sont Delmas, P&ONL et Lloyd Triestino, de procéder à une intégration totale des services sur l'Afrique de l'Ouest et du Sud, tant au départ d'Europe du Nord que de la Méditerranée, ce qui se traduit par leur optimalisation. Et ceci, sur base d'un élément que l'on pourrait qualifier de géographiquement central, à savoir le port de Las Palmas dans les Canaries, qui intervient en tant que centre relai.
Galliker a repris A.M. Schoonbroodt La société de transports routiers frigorifiques A.M.'Schoonbroodt (Battice, près de Liège) a été absorbée par le groupe suisse Galliker Transport & Logistics. C'est ce qu'annonce Truck & Business Online. L'ensemble du parc (21 véhicules moteurs et 24 semi-remorques et remorques), le portefeuille clients et le personnel ont été repris. Rolf Galliker nous a confirmé la nouvelle, précisant que cette acquisition est destinée à renforcer les positions du groupe suisse dans le transport frigorifique.
New ships boost for P&O Nedlloyd's ANZ trade A USD 200 million investment in five new, bigger and faster ships this year will underline P&O Nedlloyd's continuing commitment to the Europe-Australia/New Zealand trade which pioneered UK entry into containerisation nearly 30 years ago. German-built, the new containerships will each carrry up to 2,980 TEU, 1,400 TEU more than the six ships they are replacing, and have a 30,000-tonne cargo capacity, including 400 extra reefer plugs to provide greater refrigerated space. A further increase in the company's share of the expanding north-south traffic is predicted for 1998.
La vente de Mory Team a été "reportée" Représentées dans cette affaire par le CDR, les autorités françaises viennent de réitérer pour Mory Team la volte-face déjà opérée à propos de Stockalliance. Après avoir annoncé la mise en vente puis suscité des candidatures à la reprise dans l'Europe entière, on déclare aujourd'hui que la cession de Mory Team est "reportée". Officiellement, la raison est que le prix offert est trop bas. En réalité, les raisons seraient beaucoup plus terre à terre.
Builders seek shelter from Asian storm Australia's small to medium-sized shipbuilders are scanning horizons far beyond their near neighbours in Asia to insulate themselves from the effects of the region's financial crisis. Many of these builders who are already operating on modest profit margins have experienced up to a 25 per cent downturn in business and they face a diminished returns without the prospect of growth for several years.
Maritime union faces substantial job losses Union ranks are expected to be decimated by the time Patrick and P&O Ports finish their waterfront reform programs. With estimates of up to 600 jobs lost at Patrick and over 400 at P&O Ports, more than 1000 waterfront workers could be out of a job within a matter of weeks.
Austal wins Customs' contract Austal Ships' success in winning the $58.4 million, 30 month contract to build and maintain customs new fleet of eight 35-metre, aluminium hulled 'Coastwatch' vessels is viewed by Austal's chairman and managing director John Rothwell as a precursor to bigger things to come. The contract requires delivery of the fist Bay Class vessel in March with the remaining seven to be delivered by February 2001.
ITF bans divert more ships The number of vessels being affected overseas by union boycotts has risen in the past two days with two containerships, allegedly loaded in Australia by non-union labour now affected in the United States and India. Earlier, several ships were delayed in New Guinea. The Columbus Canada has been delayed at the Matson terminal in Los Angeles, while the CGM Gauguin has been diverted from Bombay.
Levy plan annoys stevedores The gist of a letter sent last week to members of the federal opposition by Sea-Land (Australia's) terminals' general manager, Captain Andy Andrews, expressing his "displeasure" at the proposed imposition of a levy to recover the estimated$250 million cost of wharfies' redundancy payouts, has been supported by several other smaller stevedoring operations around the country.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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