Kværner gets an order, sells a yard and talks to Brussels Kværner's Floro yard has won a much needed order, a consortium led vy the Kleven family is buying back Kværner Kleven ... and Kværner's president and CEO has been to Brussels talking about how much subsidy Kværner Warnow may have to repay
FastShip signs understanding with NASSCO The FastShip project has taken another step towards realization
New president and general manager for Canadian ferry yard Gavin Cooper has been appointed president and general manager of BC Ferries' wholly owned subsidiary Catamaran Ferries International
Canadian yard to convert tanker to double hull Algoma Central Marine has awarded a C$5.5 million contract to Canadian Shipbuilding & Engineering Ltd. to convert a single-hulled tanker to double-hulled construction at its Port Weller Dry Docks facility.
Cruise coup for Bahamas A new shiprepair yard targeted at the booming Caribbean cruise market is to built in Freeport, Bahamas at a cost of some $70m.
Possible Albanian mass grave found British army Captain Vicki Wentworth views the site of a possible mass grave of 91 ethnic Albanians in Kacanik village, 50 km south of Pristina, where locals said Serb paramilitaries went on a two day rampage in April. If confirmed, it will be the first such grave uncovered since Nato entered Kosovo. Nato troops tightened their grip on the province amid ethnic Albanian jubilation and fear, anger and outbursts of violence from retreating Serb soldiers and civilians.
China landmark for Maersk logistics unit Mercantile (China) Logistics Services, the logistics arm of Maersk, has become the first European integrated logistics service company to receive branch licences to operate as a wholly owned foreign enterprise in the People's Republic of China.
Frenetic trading A money dealer flashes hand signals during frenetic trading at a Tokyo foreign exchange brokerage. The US dollar surged to '120 in Tokyo yesterday morning as players scrambled to buy on reports of buying intervention by the Bank of Japan. The Bank was rumoured to have spent nearly $5bn in a series of interventions designed to tone down the Yen's strength and warnings have been issued that banking authorities do not want the currency to rise until the economy shows signs of genuine solidity.
Odfjell throws Flor' yard a lifeline ODFJELL, the world's second largest chemical tanker operator, yesterday threw the beleaguered Kvaerner Flor' shipyard a lifeline by ordering two 37,250 dwt tankers at a gross consideration of $55m apiece.
Millennium bug contingency plans urged for shipping Shipping companies are being urged to draw up contingency plans to deal with 'millennium bug' equipment breakdowns over and above preparations they should have already made to be compliant.
Kvaerner denies Warnow claim EASTERN German shipyard Kvaerner Warnow Werft has denied reports that it illegally passed on federal subsidies to its Anglo-Norwegian parent Kvaerner.
Doubts remain as merchant fleet reverses fall The Indian merchant fleet has finally managed to reverse the downward trend that has seen it shrink by 4.1% in two years.
In a move that drastically changes its focus away from long-haul unionized LTL freight, Yellow Corp. agreed to buy East Coast regional trucking innovator Jevic Transportation for $160 million, plus $40 million debt assumption. The deal is expected to close by July 7. The move is expected to anchor Yellow's growing regional LTL family, which is projected to provide the corporation with 40 percent of its earnings next year. Yellow Corp. Chairman, President and CEO Maury Myers says he's searching for a proven executive to lead Yellow's regional carrier group and expects to name one this summer
Transportation unions have plenty of campaign cash, but something else opens even more congressional doors for them—votes. One of every four votes cast in elections is from union households—and the percentage is rising. This is what makes organized labor's opinions count on Capitol Hill. Exploiting this opportunity are 30 transportation-related unions that lobby under the umbrella of the AFL-CIO Transportation Trades Department. "We're a counterbalancing force to corporate carrier associations" such as the American Trucking Associations and Association of American Railroads, said TTD's Executive Director Ed Wytkind.
The state of logistics is "disappointing," according to Robert V. Delaney, senior vice president of St. Louis-based Cass Information Systems. Logistics productivity gains of the early 1990s have been eroded. U.S. business logistics costs have remained stagnant at 10.6 percent of Gross Domestic Product for the past three years. Although that's a big improvement from the 16.6 percent of GDP that logistics consumed in 1980 when the Motor Carrier Act deregulated interstate trucking, it's a far cry from Delaney's goal of logistics costs being 10 percent of GDP by 2002. Delaney blames several factors, including policy makers who are limiting trucking productivity gains artificially
Trucking-related fatalities dropped 1.8 percent last year compared with 1997, giving trucking interests cause for relief. Fatalities associated with large trucks dropped from 5,398 in 1997 to an estimated 5,302, according to preliminary figures by the Department of Transportation. The American Trucking Associations called it "great news," evidence that its support of industry and government partnerships is working. Alcohol-related deaths in trucking were virtually nonexistent. For the overall country, alcohol was involved in 38.4 percent of last year's highway deaths, down from 38.6 percent in 1997.
Pacific Northwest forest products shippers are taking steps to get around the issue of a shrinking supply of boxcars. One way shippers are coping is by taking more control by purchasing their own railcars. Another method has had more success for another shipper—working closer with the railroads. By sharing forecast requirements with both its shortline and Class I carriers, Roseburg Forest Products has been able to smooth out the peaks and valleys of boxcar supply and demand.
An innovative Internet-based data warehouse system is allowing shippers to track movements of imports with 20/20 vision. Developed in collaboration with Barthco International, the system monitors movements of containers imported from Asian suppliers. This better visibility also reduced claims benefits and lowered inventories, its backers say.
Consolidated Freightways wants to eliminate third parties from its third-party business of freight forwarding. The Menlo Park, Calif.-based trucking company is now certified as an international freight forwarder by the International Air Transport Association, clearing the way for the company to book its own freight with airlines, increase buying power, drive down costs and keep customers happier. The company is doing the same thing on its domestic PrimeTime Air service by installing a new software program system-wide that will allow CF employees to book air freight themselves rather than passing it off to a competitor.
The weather was warm, the wind blew gently over the shores of Lake Michigan and music floated in the air from a blues festival. Meanwhile, shippers—retailers, that is—were talking about their needs at The Retail Systems 1999 and VICS shows in Chicago. Steve Rutkowski, the director of logistics-IS for Sears, Roebuck and Co., spoke about achievements in the area of home delivery of appliances with the company's custom-created geospatial logistics system.
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