CP Ships purchases ANZDL CP Ships yesterday unveiled the acquisition of Australia New Zealand Direct Line (ANZDL), the Canadian containership operator's fifth major deal in less than two years.
Survivor tells of ferry's last moments A SURVIVOR from the Philippine inter-island ferry that sank last week said yesterday that the vessel battled 25 ft (8 m) high waves before capsizing with the loss of dozens of lives, Reuters reports from Manila.
BHP chief apologises for big loss Broken Hill Pty has apologised to shareholders for its massive 1997-98 loss but gave them scant hope of a short-term recovery, Reuters reports.
Humberside airport bid shortlist next month A SHORTLIST of bidders for Humberside Airport is to be drawn up early next month and a preferred bidder is expected to be named by Christmas.
Russian crisis threatens Finnlines BALTIC ferry operator Finnlines said yesterday that Russia's political and economic crisis would hold back its 1998 results, although it expected its annual profits to match last year's on the back of a strong first eight-months result.
Knoth replaces Tempel at SSW BREMERHAVEN shipyard SSW F'hr-und Spezialschiffbau has announced changes in its management, recruiting a well-known name in the German shipbuilding world.
FMC launches Pacific rate investigation THE US Federal Maritime Commission has named Commissioner Delmond Won to head up an investigation into complaints that trans-Pacific carriers have unlawfully limited vessel space.
Rolls-Royce seeks materials handling consolidation ROLLS-ROYCE says it is seeking an alliance, joint venture or outright sale of its materials handling business.
Negligence allegations directed at ferry crew ALLEGATIONS have emerged that negligence on the part of the crew was responsible for the high mortality arising from the sinking of the Philippines ferry Princess of the Orient.
Lloyd Werft to rebuild Finnish ferry BREMERHAVEN-based shipyard Lloyd Werft is to rebuild a ferry for Finland's Birka Line.
Mediterranean cruise ports criticised COSTA CROCIERE'S ceo Pierluigi Foschi has blamed Mediterranean ports for poor conditions at several of the region's cruise facilities.
Italia Prima set for Cuba ITALIA Prima, the only ship in Nina di Navigazione's cruise fleet, will be positioned to Cuba as from next month.
India Steamship to sell only container vessel INDIA Steamship Company (ISS) is to sell its only container vessel which has been grounded at the port of Pipavav in Gujarat since June.
New Italy-Spain ferry inaugurated GRANDI Navi Veloci of Italy is scheduled to initiate its three-times-a-week ferry service between Barcelona and Genoa later today.
Anangel blames loss on poor conditions NASDAQ-listed Anangel-American Shipholdings of Piraeus has reported a net loss of $2.4m for the first half of its 1998 fiscal year.
Hurricane slams east Caribbean THE north-east Caribbean has been pounded by heavy rain, strong winds and high swell over the last few days in the onslaught of Hurricane Georges.
Commodore to launch gaming trips FLORIDA-based Commodore Cruise Line has entered into a letter of intent with the owners of a new pier being built at Rosarito, Mexico for exclusive rights to operate gaming cruises.
Australia gets tough on ballast water AUSTRALIA'S Quarantine and Inspection Service has warned it will impose penalties from next week on any ship breaching the nation's new ballast water management procedures.
Sulpicio faces operations cancellation SULPICIO Lines, owner of the ferry Princess of the Orient has been recommended for cancellation of its franchise due to frequent accidents brought by apparent negligence.
UK 'keen to invest $500m' in Indian ports UK's Ports and Terminals Group is keen to invest $500m in Indian ports, according to Ken Gibbons, leader of the British ports delegation which visited the country last week.
Philippines convenes ferry inquiry THE Philippine Coast Guard has convened its Board of Marine Inquiry to probe the ferry Princess of the Orient disaster.
RCCL pays pollution fine MIAMI-based Royal Caribbean Cruise Line has paid a fine of $1m as part of a plea-bargain agreement with the US Justice department in a pollution case dating back to 1993.
Carnival counts the cost of fire CARNIVAL's Ecstasy cruise ship has returned to service more than eight weeks after the fire that damaged the aft of the ship.
No go for Cosco's California plan COSCO's hopes of developing a $300 m container terminal at the Port of Long Beach, California have failed.
Westrail records good pre-sale results THE WEST Australian government scored an opportunity to show Westrail's freight business in the best possible light to prospective buyers this week with the announcement of a record operating profit. The 1997-98 profit of $46.2 million represents an increase of $3.7 million on last year's results and is the rail authority's third consecutive operating profit. Transport Minister Murray Criddle said the rail authority's improved financial results had been made possible through building on the benefits of the reform program that had been in place since May 1995. He said the freight business had operated in a tighter economic market during 1997-98 with the Asian financial crisis impacting on its iron ore, grain and mineral sands business. Westrail was able to balance the downward movements in those commodities with increases in revenue associated with the alumina, nickel and woodchip industries.
Drop-Deck B-double uses 'every square centimetre' MELBOURNE: The newly-produced Drop-Deck B-double truck built by Barkers trailers was recently introduced into service by Portland-based trucking group Kalari Pty Ltd. The new drop-deck B-doubles were built-to-order to maximise the cubic carrying space on a dedicated route. Barkers have now completed five of the high-cube B-doubles for Kalari. The original design project called for two unique drop-deck configurations: a 4.3 metre high tri-tri with a total of 174 cubic metres and a 4.6-metre tri-bogie, offering 196 cubic capacity.
Mini forum explains changes now being ratified AFTER the main session of the 21 September international meeting of air freight forwarders at the FIATA Congress in Sydney, a mini forum was held to describe progress with further measures introducing change in information flow and documentation. The title of the forum was "Electronic air waybill in regard to the ratification of Montreal Protocol No 4 and in view of the new Kyoto Convention and its practical use". Air Express International's vice-president management information services Colin Cook, described the basic aim as control over goods in transit through the reliable transfer of instructions and regular status updates to the shipper.
New global airlines alliance not surprising Air New Zealand yesterday said it was bnot surprised by the announcement of a new global airline alliance, describing it as the "way the world's going." Spokesman Alastair Carthew said the alliance had been rumored for some time. "The way the world's going is towards global alliances and this is another move along the way towards one global alliance. "It's just part of an ongoing trend, not only in this industry but other industries," he said.
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