Samsung in four-ship BP deal SOUTH Korea's Samsung Heavy Industries has landed a deal involving US investment firms and a UK bank for the construction of four VLCCs to be operated by BP Shipping at a total price thought to be in the region of $360m.
O'Neil sets agenda for IMO action in 1998 SHIPPING'S role in the global economy will be the focus of International Maritime Organisation activity next year as the organisation celebrates its 50th anniversary, secretary-general William O'Neil told its assembly as it opened its 20th session in London yesterday.
Kvaerner records 6% profits boost IMPROVED performances from shipbuilding and the Cunard cruise business helped Kvaerner to a 6% increase in nine-month pre-tax profit.
US warns on ISM short cuts A RANKING system of International Safety Management Code responsible parties may be established by the US in an effort to stamp out 'quickie' or sub-standard certification.
Imbituba squares up to Rio Grande A BATTLE is developing over the future of freight handling to and from the southern Brazilian city of Porto Alegre.
TNX and Grupo Libra extend trips THE new container service between the east coast of South America and the east coast of the US operated by Transroll Navieras Express (TNX) and Grupo Libra will be operating with a fixed-day weekly frequency before the end of this month, writes Robert Ward.
Los Angeles/Long Beach box logjam begins to ease GRIDLOCK that has clogged docks at the ports of Los Angeles and Long Beach seems to be easing off. The cargo jam has been frustrating shippers and carriers for weeks, and causing the delivery of goods to be delayed by weeks in some cases.
Dragonix faces union pressure UNIONS are considering taking action against a third tanker in the six vessel fleet of Dragonix Shipping following the arrest of two ships in Singapore, Reuters reports.
BP confirms vlcc order A CONTRACT has been signed for four 301,440 dwt vlccs at South Korea's Samsung shipyard for bareboat charter to BP.
Pearl River channel to be deepened CHINA Merchants Holdings is considering dredging the Tonggu Waterway west of Hong Kong's Lantau island to give ships of up to 100,000 dwt direct access to the Pearl River Delta.
Singapore box throughput to hit 14m teu CONTAINER throughput at Singapore over the first nine months has put the port on target to handle 14m in the full year.
Malaysia to encourage foreign companies MALAYSIA is planning to allow foreign shipping companies to set up shipowning subsid-iaries.
Businessmen seek return of confiscated goods FORTY Hong Kong businessmen went to Guangdong today to negotiate the return of goods confiscated by China's public security officers.
Court reserves judgment on Blasco vessel sale LONDON Admiralty Court has reserved judgment on the validity of a sale order on Blasco's vessel Giuseppe di Vittorio, currently detained at Newport, UK.
Kværner assesses progress payment options KVÆRNER wants to switch to progress payment in shipbuilding in order to reduce the need for working capital.
Mercedes switches exports to Genoa MERCEDES is to switch the main export gate for its cars from German ports to Genoa's Voltri terminal.
Hamburg and Bremen in port merger talks ORTWIN Runde, the newly elected mayor of Hamburg, has opened talks with the mayor of Bremen, Henning Scherf, about closer co-operation between the two cities' ports.
Montevideo container terminal bid on hold THE long-awaited privatisation of Montevideo's sole container terminal has suffered a further delay after two rejected bidders have brought an official complaint.
Ceuta signs cruise operators FIVE cruise operators will make cruise stopovers at the North African Spanish port of Ceuta next year.
MUA threatens foreign crews ban FOREIGN vessels trading between Australia and New Zealand may be blacked by the MUA if BHP withdraws one of its vessels from the route.
Eidsiva granted right to use Rodby Havn NORWEGIAN shipping group Eidsiva has received permission from the Danish port of Rodby to use its facilities for a ferry operation.
Finnlines buys Poseidon Schiffahrt FINNLINES, the Finnish liner shipping company, has acquired the German freight roro owner Poseidon Schiffahrt from Stinnes, part of the chemicals giant Veba.
Neptunia buys containership from Croatian Line BRAZILIAN shipowner Neptunia has agreed to buy a 1,000 teu containership from troubled Croatian Line after initially entering into a 12 month time charter agreement to operate the ship.
Buquebus receives world's fastest ship in BA THE world's fastest ferry has arrived in its home port of Buenos Aires via Cabo Verde, Recife and Rio de Janeiro in Brazil, to enter the growing Buquebus fleet.
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