European yards call for action on prices EUROPEAN shipbuilders are urging their governments to take emergency action to protect the industry from the price onslaught of South Korean yards.
Jacobs in talks with Braemar over London tanker panel seat UK tanker broker Jacobs & Partners is considering selling its seat on the London Tanker Broker Panel and is in close talks about a possible deal with Braemar shipbrokers.
Thor takes up former Knud I Larsen vessels Thor Chartering of Svendborg has taken over technical management and crewing of three ships withdrawn from the Knud I Larsen (KIL) fleet as the Danish operator grapples with its survival. Some analysts claim KIL may already be insolvent.
Low prices hit Exxon earnings Low oil prices have hit Exxon Corporation's profit levels, with the oil giant's third quarter results showing a 23% slide in net profit.
No relief from dry bulk gloom PROSPECTS for the dry bulk shipping markets next year look even bleaker than this year with no upturn likely until at least 2000, a market expert has forecast.
Freight derivatives could cut coal and mineral risks FREIGHT derivatives could help the coal and minerals industry reduce its risk exposure to fluctuating physical freight rates, SSY Futures director John Banaszkiewicz told the Coaltrans '98 conference, writes Jennie Harris.
Star Cruises poised to fit 'black boxes' FAST-growing Malaysian operator Star Cruises is planning to fit so-called 'black boxes' throughout its fleet later this year, as a further plank in a safety policy which includes the imminent commissioning of the company's own state-of-the-art simulator.
Philippine academy midshipmen call off boycott Midshipmen at the Philippine Merchant Marine Academy who were boycotting classes have returned after government officials assured them of an impartial investigation into their complaints.
UK detained 21 ships last month TWENTY-ONE foreign ships were detained in the UK last month, according to the UK Maritime & Coastguard Agency (MCA).
Children rescued from grounded vessel A RESCUE operation has brought 54 people to safety, including 30 children, from a Dutch training vessel which ran aground this morning just outside Newhaven harbour.
Rydex "exploring opportunities" for new ownership RYDEX Industries is "exploring opportunities" to move its ownership away from its major shareholder, Malaysia's KPB.
Brittany Ferries awaits collision damage report BRITTANY Ferries is awaiting the engineers report on damage sustained to the cruise-ferry Val de Loire, caused last night as it left the berth.
Neptun's $105m share issue approved AN EXTRAORDINARY general meeting of shareholders of Neptun Maritime has approved the board's proposal to strengthen the company's equity base by a share issue of $105m.
ILU and LIRMA try again THE Institute of London Underwriters and the London International Insurance and Reinsurance Market Association have called egms to try again to achieve a merger.
Korean box builder wins major orders SOUTH Korea-based Jindo Corp, the world's largest container manufacturer, has won several significant orders.
Cho Yang strengthens Asian service CHO YANG Shipping, the South Korean line, has placed five 1,300 teu vessels onto a regular Asia-Australia route service.
PZM chief facing dismissal THE position of Janusz Lembas, md of Polish Steamship Co (PZM) is hanging in the balance after the company's workers' council passed a vote of no confidence in him
Acquisitions lift CP Ships CP SHIPS acquisition of Contship and Ivaran boosted profits in the third quarter by nine per cent despite poor freight rates and lower volumes handled by Canada Maritime and Cast.
Darwin hub plans approved AUTHORITIES have approved the second stage of a plan to make Australia's northernmost port, Darwin, a south-east Asia hub.
Chinese export volumes rise CHINESE first half export results show that container exports increased on first half 1997 by about 56 per cent in volume and 42 per cent in value.
Chennai pressed on berth reservation CHENNAI Port Trust is being pressed by the Confederation of Indian Industry to re-introduce the berth reservation scheme to ease its chronic congestion.
London Club increases rates THE London P&I Club is increasing its advance call rates by five per cent for the 1999/2000 policy year.
Canadian wheat sales restricted WITH a smaller crop than last year, the Canadian Wheat Board is restricting sales in the hope that world grain prices will improve in the new year.
New World Alliance adds Jeddah MEMBERS lines of the New World Alliance are to launch a weekly service from northern Europe to the Middle East, which will include Jeddah.
Carriers hit by fall in Korean lng imports SOUTH Korea's lng carrier operators are suffering from a decline in activity as local consumption is decreasing rapidly.
Une enquête de l'ITR révèle un déficit d'aptitudes dans le transport routier en Belgique Une enquête de l'Institut du Transport Routier (ITR) a révélé qu'il existe, dans le secteur en Belgique, un déficit d'aptitudes, qui se fait surtout sentir dans le cas des chauffeurs. Les entreprises font toutefois preuve d'un grand intérêt pour des cours de recyclage... mais regrettent que de tels cours sont difficilement organisables en raison des horaires variables de leur personnel. Elles préconisent dès lors des cours le soir et le week-end. En outre, elles demandent des cours très spécialisés. L'enquête révèle que les parents pauvres du transport sont les clarkistes et les magasiniers: ils sont peu formés et les transporteurs sont très peu intéressés par des cours de recyclage les concernant.
Hellmann transforme ses partenaires en franchisés pour la logistique mondiale Le groupe allemand de transport Hellmann va réorganiser sa structure afin d'accentuer les activités de logistique mondiale. Dans ce contexte, il va être transformé en un groupe de franchisés, modifiant son nom actuel "Hellmann group of partners" en Hellmann Worldwide Logistics". C'est ce qu'a déclaré une porte-parole à l'agence Reuter.
Ford Genk mène à bien son opération de sous-traitance Comme annoncé en septembre dernier, Ford Genk souhaite se concentrer sur son activité de base, c'est-à-dire la production, et entièrement confier la production d'un nombre de composants à des fournisseurs. Pas n'importe quels fournisseurs, car les candidats ont dû s'engager à reprendre des ouvriers de Ford Genk et ce, aux mêmes conditions de travail. Un accord est finalement intervenu: Lear a été retenu comme fournisseur des sièges du successeur de la Mondeo, Textron pour les consoles centrales de la Mondeo et Conix pour les pare-chocs.
Début des travaux au Channel Tunnel Rail Link La liaison à grande vitesse tant attendue vers le tunnel sous la Manche va créer une voie de prospérité, une voie rapide vers l'Europe et une voie rapide de transport intégré, a déclaré le vice-premier ministre britannique John Prescott lors de la cérémonie marquant le début des travaux.
COSCO's latest river steams up the Yarra The first of two 1432 TEU, 19-knot newbuildings for COSCO's premier Australia-China service steamed up the Yarra River in Melbourne for the first time yesterday. The 16,737 GRT, 24,237 DWT Song Yun He -- which translates literally as Pine Cloud River -- was delivered this month from Japan's Imabari Shipbuilding and deployed immediately in the Sino service as the first step in a three-vessel fleet upgrade.
CTAL back but dispute unresolved Work has returned to normal at Container Terminals Australia Ltd in Sydney, although the dispute at the centre of the row has not been resolved. According to industry sources, the dispute which stopped work on Tuesday resulted from the manner in which disciplinary hearings were being conducted, although this has been denied by the New South Wales central branch of the Maritime Union of Australia. Deputy branch secretary Jim Donovan told DCN yesterday the issue at stake related to safety. Mr Donovan said the company had failed to advise his members of the reasons for the interviews and insisted that dispute settlement procedures were not being followed. It is understood that as a result P&O Ports is now detailing in writing its concerns regarding the performance of some members of the MUA.
Big box boost for V/Line Sell-off target V/Line Freight Corporation lifted its burgeoning export container trade business by 14 per cent in the financial year to 30 June, the state-owned rail freight operator announced this week. V/Line Freight's full financial year details are expected be tabled in state parliament this week, but preliminary figures show that V/Line Freight carried 105,000 TEUs in 1998, an increase of 13,000 TEUs over the same period in 1997. This represented about 13 per cent of all export containers passing through the Port of Melbourne.
New driving-hours statutes for Queensland New national truck driving hours laws will be introduced in Queensland on 30 October, the Queensland government announced this week. The laws, developed by the National Road Transport Commission and approved by Australia's transport ministers in January, were introduced in Victoria last month. It is understood NSW and ACT plan to implement the reforms next month, with South Australia and Tasmania expected to follow suit by the end of the year. The laws will not apply in the Northern Territory or Western Australia where driving hours are not regulated by prescriptive hours.
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