NOL may list APL to lift debt burden SINGAPORE's national carrier Neptune Orient Lines is considering a stock listing on an overseas exchange for its containership division APL to raise equity capital.
Intercargo Corp and Roanoke link THE US insurer Intercargo Corporation and niche broker Roanoke Brokerage Services are to create a new specialist marine insurance broker.
Queensland in drive for newbuilding investment QUEENSLAND is launching a campaign to attract investment from commercial shipbuilding, targeting the fast ferry and car/pass-engership sector.
Evergreen expects profits to increase TAIWANESE shipping to aviation group Evergreen expects to improve its net profits this year.
Cosco granted US rates exemption CHINA Ocean Shipping Company (Cosco) has finally been granted a US Federal Maritime Commission waiver allowing it to lower rates in the US cross-trades at 24 hours' notice instead of the 30 days required under the US Controlled Carrier Act.
Indonesian exports hit by container shortage A DRASTIC shortage of empty containers will soon force Indonesian exporters to take the unusual step of importing empty containers at their own expense, an export association has warned.
Tees Dockyard targets OSV market IN a bid to attract work from the burgeoning Offshore Support Vessel (OSV) market, Tees Dockyard, which is part of the Wear Dockyard Group, has built a pit (8.6 m x 6.5 m x 2.5 m) in its No 2 dry dock enabling it to overhaul azimuthing propulsion systems.
Descaling advances claimed FURTHER advancements in a new electro-chemical descaling technique developed for ballast tank scale removal have been claimed by its developer Wilson Taylor. The advancements are said to have resulted in de-scaling and steelwork preparation times being reduced by up to one-third.
B&N directors reshuffle their holdings LENNART Bylock and Folke Patriksson, key directors behind Bylock & Nordsjöfrakt and the two companies demerged from it last year, have reshuffled their holdings.
Thai shippers criticise Cosco delays THAILAND'S National Shipper's Council has claimed that containers are piling up at Singapore, awaiting shipment to Europe by Cosco.
China Merchants continues to grow HONG Kong-based China Merchants (International) intends to continue diversifying and become a conglomerate, according to md Zhao Huxiang.
USCG to test navigation system in October THE US Coast Guard hope to begin testing its Automatic Identification System (AIS) on the lower Mississippi River in October.
Afai launches new cat HONG Kong shipbuilder Afai Ships has launched a high-speed Catamaran, intended for service in Europe.
B&N and Viking order multi purpose icebreakers BYLOCK & Nordsjöfrakt (B&N) of Sweden and its Norwegian subsidiary Viking Supply Ships have placed an Skr 800m ($104m) order for three ice breaker/supply vessels from Poland.
Filipino owners urge mortgage law change COASTAL shipping operators in the Philippines are pressing for the revision of the country's ship mortgage law.
Panama to establish Manila office PANAMA is to set up a maritime regional office in Manila in April to speed up the licensing of Filipino seafarers.
Timber importers succumb to Greenpeace TWO major UK timber importers are to stop buying Canadian rainforest hardwood following a successful protest by Greenpeace activists over the weekend on the bulkcarrier Saga Wind.
Container lines shuffle at Seattle CONTAINER carriers at the Port of Seattle have started playing musical chairs.
Decca Navigator to end in two years THE Decca Navigator System will cease to operate in the UK two years from today.
MUA announces strike at Brisbane MARITIME Union of Australia has announced a four day strike at Patrick stevedoring's Brisbane facility from April 3.
P&O Ports takes legal action over Dampier AUSTRALIAN stevedore P&O Ports has taken legal action to try to retain its access permit for the Western Australian port of Dampier.
Tugs arrested as UK operator effectively closed THREE harbour tugs operated in the UK's Medway River by BI Tugs were arrested last night by one of the partners in the venture over non-payment of crew wages.
NYK to use Showa merger to boost tramp fleet NYK will use its merger with compatriot Showa Line to consolidate its presence in the global tramp trades, according to Takeshi Watanabe, chairman of NYK Singapore.
Jinhui hit by turmoil and rates fall FINANCIAL crisis in Asia and the continued fall in dry bulk freight rates dragged the 1997 pre-tax result of Jinhui Shipping into the red last year.
Maritime Union calls on AIRC to head off mass sackings The Australian Industrial Relations Commission will today be asked to forestall what the Maritime Union of Australia believes will be the mass sacking of its members by Patrick on or about 14 April. A hearing of the union’s application has been set down for Melbourne at 2:30pm today. Union sources told DCN that they have firm evidence of the company’s plans, that were not limited to the evidence of former P&C Stevedores employee, Jamie Meek.
Tas leads with auto truck charging The Tasmanian government’s trial of automated charging for trucks is a leading edge technology project that could create big benefits for Australia, according to the National Road Transport Commission. The three month trial involves global positioning satellites tracking 20 trucks and vans across Tasmania. Data downloaded by mobile phone to a central computer will calculate charges and generate accounts based on actual road use.
High seas cause cancellation of Devil Cat service Continuing high seas in the Bass Strait led to the cancellation of both Sunday and Monday’s scheduled Devil Cat fast ferry service from Melbourne to George Town. TT-Line chief executive Peter Simmons said passengers booked on Monday’s Devil Cat run had been offered confirmed bookings and spaces for their cars on last night’s Melbourne-Devonport Spirit of Tasmania service.
Tauranga review after export slump A 35 per cent slump in log export due to the effect of the economic crisis gripping South Korea has forced New Zealand’s Port of Tauranga to review all its operations and to enforce "major cost control" measures, according to chief executive Jon Mayson. Given the uncertainty surrounding future trade with several major Asian markets, the company had not made any forecasts about it full-year profits following last month’s announcement of a 28 per cent increase in its half-year to December profit to $6.7 million, he said.
P&OP seeks injunction in Dampier battle P&O Ports will go to the Supreme Court this morning to seek an injunction to prevent the Dampier Port Authority from granting exclusive stevedoring rights to Western Stevedores. Jackson McDonald, partner Kim Lyons said P&O Ports would allege that the WA government had exceeded its statutory powers in evicting it from Dampier and that some injunctive relief was needed to enable it to continue operating until the court made its decision.
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