India plans $365m mega hub INDIA'S Jawaharlal Nehru Port Trust (JNPT) is to implement an ambitious expansion plan to establish it as the main hub in the region. Some Rs13.22bn ($365m) is to be made available before 2012 by private entrepreneurs on a 30-year build-operate-trans-fer principle.
A&P Group sale looks imminent SPECULATION was mounting last night that there is to be a change in the ownership of the A&P Group, the UK's largest shiprepair company.
Interpool earnings fall LEADING intermodal dry cargo container lessor Interpool has reported third-quarter income before extraordinary and non-recurring charges of $7.92m ($0.28 per share), nearly 20% less than the 1996 quarter's $9.88m (0.31 per share), despite a 9% rise in revenues to $40.96m from the year earlier's $37.48m.
Results boost for Actinor NORWAY'S Actinor Shipping is heading for a healthy increase in full-year profits. writes Tony Gray.
Europe/Asia trade pays the price POOR financial results of liner shipping companies in the Europe/Asia container trades are a result of unsophisticated pricing, claims Jim Poon, chairman and managing director of OOCL (Europe).
EU leaders in shipping 'workshop' EUROPEAN shipowners, government representatives, European Commission officials, and shippers will be gathering in Luxembourg next week to consider how best to handle shipping issues with non-EU countries, writes Janet Porter.
Only two bids for Subic Bay container port ONLY two firms have submitted formal bids for the controversial Subic Bay Container Terminal Project amid fears of an economic slowdown and a pending court case against Subic Bay authorities.
Malaysia to build four tankers MALAYSIA Shipyard and Engineering is to build four oil tankers which will be time chartered by the Indonesian state firm Pertamina, writes Gurdip Singh, Singapore.
Tanker owners fight Rotterdam port charges DUTCH shipping agents have started legal action on behalf of tanker owners to force Gemeentelijk Havenbedrijf Rotterdam to reduce port charges for tankers.
Multiterminais to develop Rio container port MULTITERMINAIS Alfandegados do Brasil, one of Brazil's leading terminal, transport and logistics operators, has announced plans to develop a $50m container port in Rio de Janeiro.
New port authority to boost Shanghai THE recently set-up Shanghai Joint Port Authority aims to make Shanghai an international shipping centre within 20 to 30 years using a three-stage plan.
French strike tightens grip HUNDREDS of truck drivers are facing a ten hour wait for a ferry from the UK to the Continent as the French drivers' strike tightens its grip.
Venezuela ferry off the blocks A FERRY service between Venezuela and its neighbouring islands of Aruba and Curacao has started after a hiatus of more than a decade.
La Guaira privatisation kicks off THE long-awaited privatisation of Venezuela's port of La Guaira has kicked off with Monday's official publication of notices to all interested investors to register for the process.
Chinese yards to merge CHINA State Shipbuilding Corp plans to merge its yards in Liaoning province.
Sumitomo Heavy Industries profit swells JAPANESE shipbuilder Sumitomo Heavy Industries saw its operating profit jump 150 per cent to ¥6.3bn ($52.5m) in the six months ended September.
Margins squeezed at Mitsubishi JAPAN'S Mitsubishi Heavy Industries said lower margins were the cause of a pre-tax profit fall of 17 per cent to ¥74.3bn ($614m) in the six months ended September.
Action urged on Brazil register TRANSROLL Navegação is urging the Brazilian government to take measures to ensure that the country's second register is competitive.
Aker hit by extraordinary item AKER Maritime, the publicly-listed Norwegian shipbuilding and offshore industries group controlled by Aker RGI, has reported a seven per cent fall in operating profit.
Sovikens Verft wins $20m supply ship order SOVIKENS Verft, part of the Norwegian shipbuilding and offshore group Aker Maritime, has won an order for a UT755 type supply ship from Portsalvo of London.
Canadian ports move on policing THE ports of Halifax and Montreal have arranged for alternate policing of their facilities in response to the Canadian government's plan to wind up the Ports Canada Police.
New report debunks MUA 'denial', says Reith Workplace Relations minister Peter Reith is using a new report, prepared by South Australian academic Dr Judith Sloane, to back his claim the MUA remains 'in denial' over the level of industrial disputation on the waterfront.
NRTC backs increase in mass limits In its 'barebones' recommendations to next week's Australian Transport Council meeting of state and federal ministers the NRTC has recommended increased mass limits for the road transport industry, a national bridge improvement program and harsh penalties for overloading.
Westrail now on the block? A Westrail-commissioned study has found there is merit in considering privatisation of the state government-owned rail system. Acting Westerail commissioner Wayne James revealed the findings at yesterday's opening sessions of the AustRAIL 97 conference in Melbourne.
ABS all-clear for NOL Amber The containership NOL Amber has received the all-clear from classification society ABS following her weekend grounding in Torres Strait, and is continuing her Australian voyage in the AAX service.
Fall in PSCs follows AQIS cuts Southbound conference lines will cut port service charges in Australian ports following reductions in AQIS container inspection fees - but will impose a $1/box administration fee, in line with forwarders and other industry service providers.
CASA overhaul dominates conference Former federal transport minister John Sharp has stressed the need for further reforms at the Civil Aviation Safety Authority. Mr Sharp delivered an introductory address last night at the "Safe Skies" conference, which is expected to be dominated by CASA issues.
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