Zeebrugge may sue Cast if line moves to Antwerp ZEEBRUGGE port authority is threatening a multi-million dollar claim against Canadian Pacific if the group moves its Cast container line activities and terminal to Antwerp in order to bring together all its activities at the one port.
DSR set to be split between two partners Deutsche Seereederei (DSR) is to be split up six years after Hamburg businessmen Horst Rahe and Nikolaus Sch'es acquired the group as a key stage in the privatisation of East German shipping.
Spanish energy giant Repsol sees 15.4% increase in net income Spanish energy group Repsol reported net income of Pta145.5bn ($1bn) for the 1998 financial year, up 15.4% on 1997.
Demonstration outside the Greek consulate in Marseille Kurdish separatist supporters holding posters of a Kurdish leader demonstrate in front of the Greek consulate in Marseille, protest at France's involvement in the arrest of Abdullah Ocalan who has been returned to Turkey to stand trial for terrorism.
Mats Nilsson to stand down as Gorthon head Mats Nilsson, managing director of Sweden's forest product transporter Gorthon Line, will step down as of the April 20 annual general meeting.
Gearbulk's credit rating downgraded GEARBULK Holding's "aggressive financial profile" and the "challenging market conditions in the dry-bulk sector" prompted Standard & Poor's rating agency to downgrade the long-term credit rating of the company from BB+ stable outlook to BB negative outlook, writes our Oslo Correspondent.
Napalm strike adds to US spill arsenal The Exxon Valdez was the worst US spill in history and was the impetus for passage of national and local spill clean-up and liability measures that made possible the quick response and the dicey environmental decisions involving the New Carissa.
Box rate rises lift Japanese carriers shares The shares of Japan's three major lines jumped an average of 6% at the beginning on the week as traders absorbed the positive news of a notification of container rate rises.
TRW est (enfin) remis sur les rails Ainsi qu'annoncé, l'assemblée générale des actionnaires de TRW a procédé, lundi dernier, à une augmentation de capital de 150 millions de BEF et à la nomination d'Eddy Luyten à la direction de l'entreprise. L'augmentation de capital était indispensable pour redresser la société qui connaît de sérieux problèmes depuis plus d'un an (voir notamment LL du 31/1/98, 3/2/98, 5/6/98 etc)
Le cadre légal du dédouanement électronique pour le transit a été adopté La Commission européenne et le comité commun CE/AELE ont défini le cadre légal pour le New Computerised Transit System (NCTS). Ces règles entreront en vigueur le 31 mars prochain et le lancement du système NCTS pourra avoir lieu cette année encore. Le système, qui devra remplacer le flux de documents qui faciliterait la fraude dans le trafic de transit européen, devrait être complètement opérationnel d'ici l'an 2003.
La navigation fluviale française renoue avec la croissance Pour la première fois depuis des années, le secteur fluvial français peut à nouveau crier victoire. L'année dernière a été clotûrée sur une hausse du volume de 2,7%. Les prestations en tonnes-kilomètres ont même progressé de 9,2%. Sur base d'une première analyse, la navigation fluviale a donc enregistré de meilleurs résultats que le transport routier et ferroviaire.
MUA rebels accuse P&OP The central New South Wales branch of the Maritime Union of Australia yesterday accused stevedore P&O Ports of seeking "extraordinary changes" in its new enterprise agreements. The deputy branch secretary, Jim Donovan, told DCN yesterday that even Patrick did not go as far in its proposals. As an example, Mr Donovan claimed P&OP wanted to almost completely casualise the handling of vehicles at Glebe Island and the operation of the Sydney Cove Passenger Terminal at Circular Quay.
Fuel fingered as Temburong cause Contaminated fuel is now suspected to have caused the problems which hit the livestock carrier Temburong last month. Graham Lacey, general manager of Darwin-based livestock shipping agency, Rooney Shipping Transport, yesterday dismissed initial speculation that a lightning strike had caused the power failure aboard the Singapore-flagged vessel leading to the deaths of around 800 cattle three weeks ago while en route to Amamapare, Irian Jaya, with 1011 cattle on board. He said that it was now understood that the Temburong's engines and three generators had shut down due to a fuel problem.
Townsville sees profits take downward path The port of Townsville made an after tax profit of $2.6 million in 1997-98, down 16.5 per cent on the previous financial year, according to the TPA's annual report. The rate of return on assets was 2.04 per cent, falling short of the targeted 3.02 per cent. It was the port's 11th consecutive year of record trade with more than 7.7 million tonnes across the wharves, up 2.3 per cent on the previous year. Total exports exceeded three million tonnes for the first time and individual trade records were set for bulk oil, fertiliser and sulphuric acid imports and sugar, lead concentrates and copper concentrates exports.
Cattle exporters will obey, under protest One of the firms in the eye of the storm over the on-board care afforded cattle and sheep in Australia's livestock export trade, Wellards Rural Exports, will comply with departmental restrictions on its shipments, but under protest. Federal Agriculture Minister Mark Vaile announced late on Friday that his departmental secretary, Ken Matthews, had imposed the restrictions. This followed consideration of a departmental report on the deaths of 570 of around 1200 cattle shipped in mid-1998 from Bunbury to Jordan aboard the Philippines-flagged vessel, Charolais Express.
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