Ore carrier sparks UK alert A MAJOR UK environmental disaster was averted yesterday when a Korean-owned ore carrier was forced to sever her anchor cable after threatening to rupture oil pipelines off the northeast coast of England.
Payments performance by Koreans under scrutiny CONTAINER lessors, stevedores and bunker suppliers are keeping a close watch on the payments performance of South Korea's three leading container lines, writes Janet Porter. In particular, Hanjin Shipping is giving cause for concern, according to some of the carrier's trading partners.
Stena reveals details of new organisation FURTHER details of Stena's forthcoming shake-up have emerged, after the troubled Swedish ferry operator announced this week that it will axe 450 jobs and restructure its operations into seven separate route-based entities in the new year.
Keppel Fels predicts big boost in rig sales SINGAPORE'S Keppel Fels, the rig building arm of local conglomerate Keppel Corp, said yesterday that the turnround in the oil rig-building business will enable the company to register sales in excess of $1bn in the year to December 31, 1999.
'Apollo' returns for Tyne cruises ONE of the River Tyne's foremost passenger liners is returning to the river in a '65m ($108m) luxury cruise holiday investment.
South Korea confirmed top shipbuilder LATEST statistics from Lloyd's Register have confirmed South Korea as the world's largest shipbuilding nation, with a 33% share of the world orderbook, writes Dale Wainwright.
Manila cabotage crackdown THE Philippines has decided against opening up its coastal trade to foreign vessels following a decision by the Department of Justice rejecting a proposal to liberalise strict cabotage laws.
Subic Bay to be home for C&W cableship CABLE and Wireless has chosen Subic Bay as the home port of its new cableship which will begin servicing lines in the Asia Pacific region early next year, Alec Almazan reports from Manila.
Colombo defers rate hike after protests SRI Lanka Ports Authority has indefinitely postponed a planned tariff increase at Colombo after protests led by the Ceylon Association of Ship's Agents.
Dole orders giant reefers DOLE has signed a contract with HDW shipyard for two 2,000 teu reefer vessels.
Larvik Scandi owner takes control of Color OLAV-Nils Sunde, owner of Larvik Scandi Line, has increased his stake in the publicly-listed Norwegian ferry company Color Line to about 51 per cent.
Meyer confirms Neptun Industrie investment BERNHARD Meyer has confirmed he will invest more than Dm20m ($11.1m) in Neptun Industrie.
New York responds to Sea-Land speculation NEW York & New Jersey port authority has responded to press reports that Sea-Land may pull out of the port.
ICTSI takes legal action over Subic bid ICTSI has asked the Philippine Supreme Court to lift a restraining order that stopped rebidding on the Subic Bay container terminal.
Ivarans faces shareholder anger IVAR Holdings has accused the board of Ivarans Rederi of providing it with only the company information available to all shareholders, in spite of Ivar's 44.6 per cent stake.
Unions threaten further strikes in Spain SPAIN'S largest union has warned of more strikes if the government persists in its plan to privatise the state-owned shipyards.
Thompson to offer Indian cruises in 1998 THOMPSON is to become the first cruise operator to offer low-cost cruises from India.
Patrick receives court backing on labour reform AUSTRALIA'S industrial court has thrown its weight behind Patrick Stevedoring's bid to reform labour practices at Port of Melbourne.
Shippers welcome EU findings THE European Shippers' Council has welcomed yesterday's findings by a European Commission enquiry into inland transport and multimodal price fixing by liner conferences.
Canada to reassess grain transport system CANADA has asked a retired Supreme Court judge to draft a blueprint for improving the system that moves wheat and other grains off the prairies to waiting ships.
Maltese timber ships sale imminent MALTA Shipbuilding and a Greek-owned company registered in the UK are reported to be very close to finalising the sale of the six timber carriers.
International Group premium falls again THE International Group of P&I Clubs has achieved a reduction of about 18 per cent in its main reinsurance contract for 1998.
Maracaibo obstacles 'eliminated' INTENSIVE dredging over the past six months has eliminated dangerous curves in Venezuela's Lake Maracaibo channel.
Australian union draws up battle plan DOCKSIDE workers are preparing industrial tactics in Australia following renewed reports that a union-busting stevedoring company will enter the port of Melbourne.
Sea-Land to operate Brisbane terminal SEA-LAND is to take on Australia's stevedoring duopoly, P&O Ports and Patrick, in Brisbane.
CP threatens US-flag withdrawal RAY Miles, president of CP Ships, has cautioned that his company may be forced to pull Lykes Lines out of the US-flag fleet.
Hein appointed to P&O main board RICHARD Hein, the current md of P&O Australia, will be appointed a director of P&O Steam Navigation with effect from January 1.
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