Radical UK plan on ship arrest rules BRITAIN is to make a radical proposal to 'pierce the corporate veil' through a rewriting of the international ship arrest rules.
P&O sale could spark row P&O NEDLLOYD has sold another of its first generation boxships to an Indian scrapyard in a move which could spark a further row with environmental activists.
Rosy outlook for European cruise market A COMBINATION of euro accounting and the spending power of Europe's leisured citizens will boost the cruise market, a new report forecasts.
Bulk ore carrier for Wah Kwong Wah Kwong Shipping has taken delivery of a 171,000 dwt capesize bulk ore carrier from Korea's Hyundai Heavy Industries.
Consolidation taking toll of Box Club THE elite of the liner shipping industry will be flying into Cape Town next week for a meeting of the International Council of Containership Operators, better known as the Box Club.
Flood in Sao Paulo Firemen search for survivors and victims in a flooded tunnel in Sao Paulo after two weeks of torrential downpours which resulted in the civil defence department calling a state of emergency in the Brazilian city. Police said at least seven people were killed as a result of the heavy rains.
Shipowners warned on compensation clause LEADING shipping accountant Moore Stephens has warned shipowners to keep a watchful eye on salvage matters with the imminent implementation of the new Special Compensation P&I Clause (Scopic).
Tug opening for New Carissa THE joint command in charge of the New Carissa salvage and cleanup operation says an ocean-going tug will take advantage of a newly formed opening in the sandbar close to where the vessel grounded last month to pull the 440 ft bow section of the vessel into open water.
MUA backs down in Newcastle THE Maritime Union of Australia has apparently caved in and agreed to work the reefer Maunakea in Newcastle yesterday alongside workers from two other unions. The breakthrough came at prolonged hearings in the Australian Industrial Relations Commission on Monday afternoon and evening. One of the conditions of the apparent agreement was that the parties were not supposed to discuss it with the media. While there was, therefore, little comment, industry sources confirmed the vessel was working with MUA members on board the ship and members of the Transport Workers Union on the wharf.
Money for east-west rail upgrade THE federal government has handed out is second major funding allocation from its $250 million seed fund for rail, announcing yesterday a $16 million investment for crossing loops on the interstate corridor between Adelaide and Perth. Transport Minister John Anderson said the Australian Rail Track Corporation was proceeding with several improvements to crossing loops on the 2000km stretch of track between Adelaide and Kalgoorlie.
Trans-United sold to Chas Kelly Transport Tasmanian freight transport company Chas Kelly Transport has bought the assets of the Australian River Co Limited's (formerly ANL Ltd) Tasmanian land transport subsidiary, Trans-United Pty Limited, for $1.19 million. Announcing the deal yesterday, Federal Finance Minister John Fahey noted that it finalised the government's sell off of ARCL's land-based businesses. He said Chas Kelly Transport had also agreed to endeavor to offer jobs to some of Trans-United's around 40 former employees.
Aratere to have complete audit TranzRail has asked maritime consultants, Burness Corlett & Partners of Southampton, England, to conduct a full audit of the mechanical and electronic systems of its new 150 metre ferry, Aratere. This follows numerous mechanical problems which have plagued the vessel since she was delivered from Spain late last month.
BMT change fails to excite Port of Brisbane Corporation's decision to take over management of the Brisbane Multimodal Terminal from Queensland Rail has evoked little enthusiasm among interstate rail freight operators. It has been confirmed the port will not renew QR's management contract at the Fisherman Island facility when it expires in October, handing back management of the port-owned terminal to the Port of Brisbane Corporation.
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