Charter fears as Korea crisis grows SHIPPING markets are increasingly nervous about the initial impact of the South Korean economic crisis on the industry.
Heathrow terminal blaze chaos BRITISH Airways was forced to cancel more than 200 flights yesterday when fire swept through Terminal 1 (pictured) at London's Heathrow Airport and caused early morning chaos.
Tenix wins $38.5m Philippines order THE Philippines has awarded a $38.5m shipbuilding contract to Tenix Defense Systems of Australia for two search and rescue vessels.
Swiss firms deny merger rumours SWISS Reinsurance and Credit Suisse yesterday denied stock market rumours that they were planning to merge.
MTW on brink of sale THE eastern German shipyard Meeres-Technik Wismar (MTW) is close to being sold for Dm53m ($30.6m) to the Norwegian shipping, offshore and shipbuilding group Ulltveit-Moe.
Transnet strikes union deal FOLLOWING government intervention, the Maritime Industries Trade Union of South Africa (Mitusa) has signed an agreement with South African transport parastatal, Transnet, and called off its threatened strike action, writes Dee Rissik, Africa Editor.
Yard consortium in bid to cut cost of ship design A CONCERTED effort to develop an advanced CAD/CAM product able to reduce by 50% the time and cost of designing commercial and military vessels has been launched by an international consortium of four major shipyards with interactive computer graphic systems leader Intergraph Corporation.
India scraps 'cost plus' system INDIA is to abolish the "cost plus" formula for shipping rude oil as part of the phase-out of the administered price mechanism for petroleum products.
Carnival seeks to reduce its unit costs CARNIVAL Corp is rumoured to be seeking to reduce unit costs by ordering similar hulls for each of its three major brands
Umoe wins bid for east German yard ULLTVEIT-Moe, the Norwegian industrial group, has won the bid to acquire east German shipbuilder MTW.
Currency woes reducing trade, says P&O Nedlloyd EASTBOUND utilisation levels on liner services have fallen to about 90 per cent since September on ships operating from Europe to Asia Pacific destinations.
Lloyd's ordered to produce Equitas documents LLOYD'S has been ordered to produce the documents supporting its calculation of premiums claimed from Names who have not accepted the Equitas settlement scheme.
Arrested Blasco vessel has been sold THE UK's Admiralty Marshall yesterday accepted a bid for the Blasco vessel Giuseppe di Vittorio, currently under arrest in Newport.
B&N to order ice-strengthened newbuildings GOTHENBURG-based Bylock & Nordsjofrakt is to order two ice-strengthened 6,300 dwt bulk carrier newbuildings for delivery in 1999.
Short sea mergers/alliances near says feeder chief THERE are likely to be an increasing number of mergers and alliances on short sea trades, according to feeder specialist Bugsier Line.
Montreal unveils dredging plan The Port of Montreal has unveiled an ambitious programme to dredge selected regions in the St Lawrence River.
Australian non-union stevedore plans revealed AUSTRALIAN government plans for a non-union stevedore company have been revealed amidst debate about a military-style stevedoring team being trained in Dubai.
Calcutta waits for lash pilotage approval CALCUTTA Port Trust is waiting for government approval to amend its regulations on the pilotage of lash barges.
RCCL seeks buyers for two ships ROYAL Caribbean Cruises is rumoured to be seeking buyers for two of its smaller ships, 37,583 gt Song of America and 40,132 gt Viking Serenade.
Crew strike knocks Trasmediterr'nea A STRIKE by crews of Spanish ferry company Trasmediterr'nea has entered its seventh day with no end in sight.
NCL and Cunard announce staff changes NORWEGIAN Cruise Line head Bruce Nierenberg has resigned, and Cunard's chairman and ceo, Antti Pankakoski, has been pulled back to Kvaerner's London office.
Philippine unions and agents seek law change SEAMEN'S unions and manning agents in the Philippines have appealed to legislators to repeal the country's merchant shipping officers law.
UTL passe à 100% sous le contrôle de Dentressangle Le groupe Norbert Dentressangle (ND) vient d'acquérir la totalité du capital de la société UTL, qui a son siège à Toulouse et est spécialisée dans la logistique. Par cette opération, Norbert Dentressangle renforce son pôle logistique et le hisse vraisemblablement à la deuxième place en France.
Kinnock menace de traduire les pays de l'UE devant la Cour européenne de Justice Le commissaire européen aux Transports Neil Kinnock a menacé les Etats-membres de l'UE qui négocient séparément un accord de ciel ouvert avec les Etats-Unis d'une procédure devant la Cour européenne de Justice.
SCL a repris le réseau d'agences Jokelson en France Dans le cadre d'une négociation séparée, qui n'avait donc aucun rapport avec le désengagement de CMB/Rennies du groupe SAGA, SCL (Safmarine & CMBT Lines) vient de reprendre à ce dernier le réseau d'agences maritimes Jokelson, un des plus anciens sur la scène maritime française. La transaction a été réalisée par le biais d'Aseco International.
Holidays find railroads and customers in less than fine fettle and good cheer
Philadelphia OKs shipbuilding deal
Donald McInnes, BNSF's chief of staff, to retire after 29 years in the industry
St. Lawrence & Hudson to expand Iron Highway
Con-Way Western, Southern Express expand their services coast to coast
US, Canada to discuss Northwest trade corridor
2 transport firms to control Rio de Janeiro box terminal
Greeks, too, plagued by 'foreign-flagging'
Upsetting a long-standing trend, APL Singapore was reflagged to US registry and steamed into the Port of Seattle with an American crew. Three sister ships will follow
Rail industry prospects: more questions than answers
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