Ugland International heads for showdown with Swan Reefer UGLAND International Holdings is heading for a showdown with Norway's Swan Reefer -the company in which it took a surprise shareholding in late 1998.
Creel warns China of US sanctions on tariffs Sanctions could be imposed by the US on Chinese tonnage if China introduces mandatory tariff filing.
Jurong posts full year record Jurong Shipyard produced a sparkling set of full year results yesterday with record pre-tax profits and turnover.
Keppel Corp turns in loss on increased turnover Singapore conglomerate Keppel Corp yesterday reported its first loss in 13 years but said it hopes to rebound in 1999 helped by continued profits from its ship repair businesses.
Clarksons ploughs lone Sasebo furrow "If a batchelor announces his engagement, other girls will tend to slip away," is how one shipbroker responded to Clarksons disclosure that it was taking on Sasebo Heavy Industries' international marketing on an exclusive basis.
Dhamara project seeks port funds A special purpose vehicle, named Dhamara Chandbali Port Company, has been launched by a consortium led by Indian cement, construction and engineering giant Larsen & Toubro, to raise funds for the Dhamara port project in Orissa, eastern India.
Nations form net to catch satellite cheats EIGHTEEN maritime nations have begun a surveillance operation on ships failing to meet new satellite communication requirements.
Worker wins '284,000 for North Sea rig fall A NORTHEAST UK offshore worker has been awarded a massive '284,000 ($465,345) damages following an accident on an oil rig in the North Sea three years ago.
Loews moves in on Halla LOEWS, the US investment firm, has emerged as front runner to acquire the shipbuilding division of ailing South Korean conglomerate Halla.
Hundreds lost as Indonesian ferry sinks MORE than 300 passengers and crew of an Indonesian inter-island vessel are believed to have drowned when it sank in heavy weather on February 7.
Lloyd Werft eyes Bahamas facility LLOYD Werft, the German shiprepairer, is considering setting up a repair facility in the Bahamas for the cruiseship market.
Liverpool & London blow to Ocean Marine LIVERPOOL & London P&I Club has decided it will not accept the small craft portfolio of Ocean Marine Mutual.
Japan may lift cruiseship gambling ban JAPAN'S Ministry of Transport has hinted it might legalise gambling on Japan-registered cruiseships.
NZOL and Tasman Asia to merge A SINGLE shipping line serving the Asia/Pacific Islands/NZ trade will be formed through the proposed merger of New Zealand-Orient Line and Tasman Asia Shipping.
Deutsche Babcock details HDW swoop DEUTSCHE Babcock, the German engineering group, has said it is planning to acquire a 50 per cent stake in HDW shipyard from Preussag with an option to acquire a majority stake..
Meyer project wins Lower Saxony backing MEYER Werft has won the backing of Lower Saxony president Gerhard Glogowski for the construction of a dam across the River Ems to aid the yard's cruiseship newbuildings.
Indian government orders gas venture go-ahead INDIA'S Ministry for Surface Transport has been directed to clear the lng joint venture proposal between Enron Corp, Mitsui-OSK Lines and the Shipping Corp of India.
Halim Mazmin in talks with Anglo-Eastern MALAYSIAN shipowner Halim Mazmin is currently in talks with Anglo-Eastern Shipmanagement regarding the bloc transfer of its six-vessel fleet.
Subic Bay considers options SUBIC Bay Metropolitan Authority (SBMA) is considering various options to maximise productivity following delays to the privatisation of the Subic Bay container port.
Grounded bulker refloated PROPONTIS, the 61,632 dwt Cyprus-registered panamax bulk carrier that ran aground on a reef off the Sri Lankan port of Trincomalee, was refloated today.
Vancouver's box growth continues VANCOUVER'S container throughput climbed by 16 per cent last year to 840,000.
Philippines oil refinery under threat PILIPINAS Shell Corp says it might have to close one of its oil refineries in the Philippines because of weakening demand.
INSA seeks injunction against strikers THE Indian National Shipowners' Association is seeking a High Court injunction against seamens' unions over a six-day long strike.
Australia seeks to strengthen shipping CANBERRA has established a small working group to help strengthen the competitiveness of Australian shipping.
Donjon leases US Navy tug NEW Jersey-based Donjon Marine has obtained a five-year lease of the US Navy's 7,000 hp salvage tug Powhatan.
Le chenal d'accès du port d'Ostende pourrait être déplacé Afin de rendre l'avant-port d'Ostende plus attrayant pour les grandes unités roro, le déplacement du chenal d'accès est actuellement à l'étude. Cette opération ira de pair avec la construction d'une nouvelle estacade est. Entre-temps, les importants travaux de rénovation dans l'avant-port progressent à un rythme soutenu.
ABX ne sera pas introduit en bourse avant 2001 "Après les acquisitions et les développements des dernières années, nous allons désormais mieux tracer les contours et harmoniser l'intégration. L'objectif est d'introduire l'entreprise en bourse après 2001". C'est ce qu'a déclaré Etienne Schouppe, l'administrateur délégué de la SNCB, à l'occasion de l'inauguration officielle du nouveau centre de triage d'ABX à Merelbeke.
Hydro Raufoss investit 1,4 mia. de BEF à Gand Hydro Raufoss Automotive va investir 1,4 milliard de BEF (35 millions d'EUR) dans l'expansion de son usine gantoise. Cet investissement s'accompagne d'une réorganisation et d'une optimalisation de la production. Le producteur norvégien de composants automobiles construira notamment un nouvel atelier de vernissage, un magasin automatique pour l'entreposage intermédiaire de produits finis, un espace plus vaste pour l'assemblage final et un nouveau hall de chargement et de déchargement. Hydro Raufoss produit des pare-chocs complets qui sont presque exlusivement destinés à l'approvisionnement séquentiel de l'usine automobile de Volvo dans le port de Gand.
Le gouvernement flamand augmente la facture du pilotage En date du 1er mai prochain, les tarifs du pilotage seront plus élevés de 1,7%, suite à la décision prise en ce sens par le gouvernement flamand. Côté des instances du pilotage on fait remarquer que cette adaptation s'inscrit dans le traité de l'Escaut, qui précise que les tarifs du pilotage vers Anvers et Rotterdam doivent être en ligne.
Port capacity increases, thanks to reforms A MAJOR outcome of the waterfront reform process, so far, has been a big jump in capacity of Australian ports according to the chairman of Patrick, Chris Corrigan. Speaking at the 10th Ports, Shipping & Waterfront Reform conference in Sydney yesterday, Mr Corrigan said that with people work faster and smarter, portainer crane usage has dropped sharply. In December, for example, Patrick cranes were in use just 40 per cent of the time compared to more than 55 per cent of the time in December 1997. The drop in usage, he said, is a direct result of increased productivity improvements gained through the new more flexible enterprise agreements. "With the market predicted to grow by around seven per cent annually, we are a very long way from needing more port infrastructure," Mr Corrigan asserted.
All must benefit from reform ALL participants in the through-transport chain need to benefit from waterfront reform according to the chief executive officer of Liner Shipping Services Ltd, Llew Russell. Speaking at the 10th Ports, Shipping & Waterfront Reform conference in Sydney yesterday. Mr Russell told delegates that ship operators will be seeking to negotiate hard to achieve those benefits which for them do result from reduced turnaround times, improved flexibility in scheduling. He said that they will also be seeking to negotiate an improved package of stevedoring services. "This does not mean that they do not also have their eyes fixed firmly on cost reductions, if at all possible," Mr Russell said.
Union power no "magic pudding" WHILST the curbing of the Maritime Union of Australia's monopoly over the provision of labor is a necessary part of waterfront reform, it does not provide a "magic-pudding" solution to all the problems of Australia's high cost ports. This is the opinion of Associate Professor Keith Trace from the Department of Economics at Monash University who yesterday provided the 10th Ports, Shipping & Waterfront Reform conference in Sydney with an academics viewpoint of the Patrick/MUA agreement. Professor Trace said that having taken this long overdue step to curb monopoly power in the labor market, Australia should vigorously pursue a reform agenda designed to enhance contestability within and between ports. "Success in improving the reliability and cost effectiveness of our ports in turn creates the possibility of further innovation in container shipping, including that of employing larger vessels and the possible emergence of one or more hub ports in Australia," he said.
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