P&I victory in $4.25bn liability row LEADING protection and indemnity clubs have won a victory in their long-running attempt to establish a $4.25bn limit on third party liability cover.
S&P ratings warning SHIPPING and insurance accountant Moore Stephens has warned shipowners to treat Standard & Poor's ratings of P&I clubs for 1998 with care.
Asian crude oil tanker demand set for revival ASIAN crude oil tanker demand is set to resume healthy growth after a sharp fall in the current year as a result of the currency crisis that has shaken the region.
Middle East product trade fall forecast DEMAND for product tankers trading between the Middle East and Asia will drop by more than a quarter over the next few years, according to Ocean Shipping Consultants, writes Tony Gray. But Asia's long-term demand for product tankers is forecast to grow dramatically.
Malaysia set for transport liberalisation MALAYSIA'S National Economic Action Council, set up by the government last November to study the impact of the financial crisis, has recommended liberalisation of the country's transport sector.
Sea Containers traffic boost SEA Container's Irish Sea operation has reported combined carryings of more than half a million passengers and 150,000 vehicles in the first six months of 1998, writes Andrew Grey.
Vancouver eyes box trade lift VANCOUVER is hoping that last week's trial shipment of Japanese containers could lead to extra long term business for the newly opened Deltaport box terminal.
Singapore in trade row with Malaysia SINGAPORE has warned it may complain to the World Trade Organisation over Malaysia's attempt to persuade shippers to divert transit trade.
Van der Giessen wins Strintzis fast ferry order VAN der Giessen-de Noord has won what it describes as "an important order" from Strintzis Lines of Greece for a roro passenger ferry capable of 28 kt.
Barcelona unveils port expansion plan BARCELONA port authorities have unveiled an ambitious 12-year, PTA280bn ($1.85bn) expansion programme aimed at redressing serious space and infrastructure limitations.
Gains from asset sales fill Rasmussen coffers GAINS from asset sales more than doubled the pre-tax profit of the Norwegian privately-owned shipping group Rasmussen.
Imports and transit cargo shrink at Kotka SHRINKING imports and transit cargo in the first half of 1998 was instrumental for an overall tonnage decline at the Finnish port of Kotka.
Chinese yard delivers FPSO to HHI CHINA'S Shanghaiguan Shipyard this week delivered a floating production storage offloading (FPSO) facility to Hyundai Heavy Industries of South Korea.
Anchor walks away from Positra project INDIA'S Gujarat Maritime Board (GMB) is scouting for a new private sector participant for its Rs 16bn ($375m) Positra Port Project.
Rickmers launches Australia service GERMANY'S Rickmers Line is launching a new conventional liner service between Europe, Australia and Papua New Guinea.
BLG sets up logistics joint venture BLG, the Bremen/Bremerhaven port company, has agreed a joint venture for inland automotive logistics with German group Krupp Hoesch.
Two reefers lie idle at Aarhus TWO 4,000 dwt reefer newbuildings are lying idle at the Aarhus Flydedok shipyard in Denmark because the shipbuilder has not received payment for them.
Matson slashes Hawaii capacity SAN FRANCISCO-based Matson Navigation is reducing its capacity to the Hawaiian islands by 25 per cent.
Scandlines and DFO merge SCANDLINES of Denmark and Germany's Deutsche Fahrgesellschaft Ostsee (DFO) have merged following the end of Scandlines service in the Great Belt.
Sea Containers reports Irish Sea carryings SEA Containers' Irish Sea operations has reported combined carryings of 542,000 passengers and 152,000 vehicles for the first half of this year.
Foreign firms vie for pipeline project EIGHT foreign firms are vying for the construction of the $15m gas pipeline project of the state-owned National Power Corp (NPC) of the Philippines.
Philippine court considers contempt charge THE Philippine Court of Appeals has given Felicito Payumo, designated chairman of Subic Bay Metropolitan Authority five days to explain why he should not be cited for contempt.
Royal Caribbean reports 93 per cent rise in profit ROYAL Caribbean Cruises has reported a 93 per cent increase in second quarter profit compared with last year.
Vietnam head Tokyo MOU detentions league VIETNAMESE ships head the table of detentions in the Tokyo MOU annual report for 1997, just published, with 40 per cent of Vietnamese ships inspected detained.
Fredriksen loses Jahre Viking THE Norwegian shipowner John Fredriksen has failed to gain control of the 564,000 dwt ulcc Jahre Viking, the world's largest ship.
Tanker owners want US safety policy centralised INTERTANKO chairman Richard T duMoulin has urged the US government to centralise responsibility for maritime safety to the US Coast Guard.
Two US shiprepairers to merge SOUTHWEST Marine of San Diego and Norfolk Shipbuilding & Drydock Corp of Hampton Roads, Virginia have agreed for Southwest to acquire NORSHIPCO.
ANL goes at last MOST of Australia's state-owned ANL shipping line has been sold in two parts to French-owned CGM and an Australian-Canadian consortium.
Colombian port receives profits boost INCREASED tonnage throughput plus currency devaluation of the Colombian peso has boosted profits at the country's Atlantic port of Barranquilla by 80 per cent.
Germany to give vessels as development aid GERMANY'S Overseas Development Ministry says ships are to be given to China, Mauritania, Indonesia and Cameroon as development aid.
P&O Nedlloyd to retain 'Blue Star' name P&O NEDLLOYD has confirmed it will retain the Blue Star name in its direct trade between Australia/New Zealand and North America.
Daewoo eyes former BV yard SENIOR executives from South Korea's Daewoo group visited the site of former shipyard Bremer Vulkan in Bremen yesterday to examine its possible use as a port terminal and logistics centre.
Inchcape shortlist expected soon INCHCAPE Shipping Services expects to have a shortlist of two possible buyers by mid-August and to sign a final agreement by mid-September.
Trans-European Networks. A pan-European policy on the creation and expansion of transport networks in Europe is an essential prerequisite for the single market.
Maritime
CP Ships and TMM form joint venture. It will unite the liner shipping activities of TMM, Lykes Lines and Ivaran Lines under one roof.
Hamburg-Süd acquires the container and bulk activities of Aliança.
Safmarine is now 100% owner of Safmarine CMBT Lines (SCL).
CGM extends banana contract.
ACL posts a slight decline in its second quarter profit.
OOCL's Scan-Baltic Express Service calls at Blyth and Bremerhaven.
ESF/Maras Linija offer joint link.
TMM upgrades its Mexican Gulf/Europe service to twice weekly.
ESC will hold its third transport & logistics conference in Barcelona.
German shipowners welcome the new crewing regulation.
Ports and Terminals
Associated British Ports has entered expansion mode.
ECT has not yet found a buyer.
Malta Freeport is growing rapidly.
Intermodal
Transfracht International and NDX Intermodal combine operations.
The Csardas container block train is now well established.
A RoadRailer joint venture has been founded by Wabash in Brazil.
Aviation
CX offers maindeck cargo capacity between Amsterdam and Kong Kong.
Iberia flies Madrid-Chicago.
Atlas Air posted its best operating profit ever in the second quarter.
HeavyLift will take over its third A300B4-200 freighter soon from C-S Aviation Services, the converter.
A new all-cargo carrier, Jet Link Holland, is ready for take-off.
Delta Air Lines has posted its third consecutive record year.
EU Commission refutes the judgment of illegality of AF subsidies.
AC Cargo reserves capacity for Belgium and Netherlands.
FDX Corp successful. Fiscal 1998 produced a record profit - without one-off items - for FDX Corp, the holding company of FedEx and the Caliber Group.
Trans-European Networks. A pan-European policy on the creation and expansion of transport networks in Europe is an essential prerequisite for the single market.
Maritime
CP Ships and TMM form joint venture. It will unite the liner shipping activities of TMM, Lykes Lines and Ivaran Lines under one roof.
Hamburg-Süd acquires the container and bulk activities of Aliança.
Safmarine is now 100% owner of Safmarine CMBT Lines (SCL).
CGM extends banana contract.
ACL posts a slight decline in its second quarter profit.
OOCL's Scan-Baltic Express Service calls at Blyth and Bremerhaven.
ESF/Maras Linija offer joint link.
TMM upgrades its Mexican Gulf/Europe service to twice weekly.
ESC will hold its third transport & logistics conference in Barcelona.
German shipowners welcome the new crewing regulation.
Ports and Terminals
Associated British Ports has entered expansion mode.
ECT has not yet found a buyer.
Malta Freeport is growing rapidly.
Intermodal
Transfracht International and NDX Intermodal combine operations.
The Csardas container block train is now well established.
A RoadRailer joint venture has been founded by Wabash in Brazil.
Aviation
CX offers maindeck cargo capacity between Amsterdam and Kong Kong.
Iberia flies Madrid-Chicago.
Atlas Air posted its best operating profit ever in the second quarter.
HeavyLift will take over its third A300B4-200 freighter soon from C-S Aviation Services, the converter.
A new all-cargo carrier, Jet Link Holland, is ready for take-off.
Delta Air Lines has posted its third consecutive record year.
EU Commission refutes the judgment of illegality of AF subsidies.
AC Cargo reserves capacity for Belgium and Netherlands.
FDX Corp successful. Fiscal 1998 produced a record profit - without one-off items - for FDX Corp, the holding company of FedEx and the Caliber Group.
Trans-European Networks. A pan-European policy on the creation and expansion of transport networks in Europe is an essential prerequisite for the single market.
Maritime
CP Ships and TMM form joint venture. It will unite the liner shipping activities of TMM, Lykes Lines and Ivaran Lines under one roof.
Hamburg-Süd acquires the container and bulk activities of Aliança.
Safmarine is now 100% owner of Safmarine CMBT Lines (SCL).
CGM extends banana contract.
ACL posts a slight decline in its second quarter profit.
OOCL's Scan-Baltic Express Service calls at Blyth and Bremerhaven.
ESF/Maras Linija offer joint link.
TMM upgrades its Mexican Gulf/Europe service to twice weekly.
ESC will hold its third transport & logistics conference in Barcelona.
German shipowners welcome the new crewing regulation.
Ports and Terminals
Associated British Ports has entered expansion mode.
ECT has not yet found a buyer.
Malta Freeport is growing rapidly.
Intermodal
Transfracht International and NDX Intermodal combine operations.
The Csardas container block train is now well established.
A RoadRailer joint venture has been founded by Wabash in Brazil.
Aviation
CX offers maindeck cargo capacity between Amsterdam and Kong Kong.
Iberia flies Madrid-Chicago.
Atlas Air posted its best operating profit ever in the second quarter.
HeavyLift will take over its third A300B4-200 freighter soon from C-S Aviation Services, the converter.
A new all-cargo carrier, Jet Link Holland, is ready for take-off.
Delta Air Lines has posted its third consecutive record year.
EU Commission refutes the judgment of illegality of AF subsidies.
AC Cargo reserves capacity for Belgium and Netherlands.
FDX Corp successful. Fiscal 1998 produced a record profit - without one-off items - for FDX Corp, the holding company of FedEx and the Caliber Group.
Trans-European Networks. A pan-European policy on the creation and expansion of transport networks in Europe is an essential prerequisite for the single market.
Maritime
CP Ships and TMM form joint venture. It will unite the liner shipping activities of TMM, Lykes Lines and Ivaran Lines under one roof.
Hamburg-Süd acquires the container and bulk activities of Aliança.
Safmarine is now 100% owner of Safmarine CMBT Lines (SCL).
CGM extends banana contract.
ACL posts a slight decline in its second quarter profit.
OOCL's Scan-Baltic Express Service calls at Blyth and Bremerhaven.
ESF/Maras Linija offer joint link.
TMM upgrades its Mexican Gulf/Europe service to twice weekly.
ESC will hold its third transport & logistics conference in Barcelona.
German shipowners welcome the new crewing regulation.
Ports and Terminals
Associated British Ports has entered expansion mode.
ECT has not yet found a buyer.
Malta Freeport is growing rapidly.
Intermodal
Transfracht International and NDX Intermodal combine operations.
The Csardas container block train is now well established.
A RoadRailer joint venture has been founded by Wabash in Brazil.
Aviation
CX offers maindeck cargo capacity between Amsterdam and Kong Kong.
Iberia flies Madrid-Chicago.
Atlas Air posted its best operating profit ever in the second quarter.
HeavyLift will take over its third A300B4-200 freighter soon from C-S Aviation Services, the converter.
A new all-cargo carrier, Jet Link Holland, is ready for take-off.
Delta Air Lines has posted its third consecutive record year.
EU Commission refutes the judgment of illegality of AF subsidies.
AC Cargo reserves capacity for Belgium and Netherlands.
FDX Corp successful. Fiscal 1998 produced a record profit - without one-off items - for FDX Corp, the holding company of FedEx and the Caliber Group.
Trans-European Networks. A pan-European policy on the creation and expansion of transport networks in Europe is an essential prerequisite for the single market.
Maritime
CP Ships and TMM form joint venture. It will unite the liner shipping activities of TMM, Lykes Lines and Ivaran Lines under one roof.
Hamburg-Süd acquires the container and bulk activities of Aliança.
Safmarine is now 100% owner of Safmarine CMBT Lines (SCL).
CGM extends banana contract.
ACL posts a slight decline in its second quarter profit.
OOCL's Scan-Baltic Express Service calls at Blyth and Bremerhaven.
ESF/Maras Linija offer joint link.
TMM upgrades its Mexican Gulf/Europe service to twice weekly.
ESC will hold its third transport & logistics conference in Barcelona.
German shipowners welcome the new crewing regulation.
Ports and Terminals
Associated British Ports has entered expansion mode.
ECT has not yet found a buyer.
Malta Freeport is growing rapidly.
Intermodal
Transfracht International and NDX Intermodal combine operations.
The Csardas container block train is now well established.
A RoadRailer joint venture has been founded by Wabash in Brazil.
Aviation
CX offers maindeck cargo capacity between Amsterdam and Kong Kong.
Iberia flies Madrid-Chicago.
Atlas Air posted its best operating profit ever in the second quarter.
HeavyLift will take over its third A300B4-200 freighter soon from C-S Aviation Services, the converter.
A new all-cargo carrier, Jet Link Holland, is ready for take-off.
Delta Air Lines has posted its third consecutive record year.
EU Commission refutes the judgment of illegality of AF subsidies.
AC Cargo reserves capacity for Belgium and Netherlands.
FDX Corp successful. Fiscal 1998 produced a record profit - without one-off items - for FDX Corp, the holding company of FedEx and the Caliber Group.
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