Salvage Association sees workload drop THE Salvage Association has reported a 50% reduction in its workload since 1990, due to tougher insurance terms and improve-ments in ship safety.
Piper Alpha recalled Families and colleagues gathered in Aber-deen yesterday to commemorate the Piper Alpha catastrophe in which 167 men died and dozens were injured 10 years ago. A service was held at the Kirk of St Nicholas while the UK Offshore Operators' Association observed two minutes' silence across the country. The disaster, the UK's worst offshore incident, led to wide-ranging safety initiatives after a public inquiry chaired by Lord Cullen.
I M Skaugen improves despite weak market NORWAY'S I M Skaugen group has claimed that superior marketing and customer service helped it achieve better half-year results in a weak market.
Yeltsin with his Kazakh counterpart Russian president Boris Yeltsin with his Kazakh counterpart Narsultan Nazarbayev after Mr Nazarbayev arrived in Moscow to sign co-operation agreements including a deal on jurisdiction over the northern part of the Caspian Sea (Energy - Back).
FMC seeks a new service fee structure THE US Federal Maritime Commission has proposed increases for more than 35 filing and service fees, while at the same time reducing a few charges and eliminating some others.
Vanuatu seeks crackdown VANUATU has called on other maritime authorities to help implement a crackdown on bogus seafarer licences, after identifying two seafarers working on false Honduran papers.
Indian ports demand extra budget resources INDIA'S 11 major port trusts have demanded an allocation of Rs9.5bn ($226m) for each port and a sum of Rs1.7bn in the form of extra-budgetary resources.
Western India yard offers cyclone repair service Western India yard offers cyclone repair service.
Salvage Association warns of heavy weather WEATHER rather than wastage features prominently in this year's report of the Salvage Association, according to chairman Trevor Hart.
Premier alters Venezuela itinerary PREMIER Cruises has modified the itinerary of the Seawind Crown so passengers on Margarita Island can make a weekend crossing to the mainland port of La Guaira.
Hanjin to seek foreign investors SOUTH Korean conglomerate Hanjin Group is proposing to cut the number of affiliated companies and look for equity participation by foreign concerns.
MSC withdraws Lloyd Triestino bid IN a surprise move, Mediterranean Shipping Company has withdrawn from the tender for the purchase of Lloyd Triestino.
Vancouver bids for Cosco call CANADIAN transport minister David Collenette has met Cosco president Chen Zhongbiao to persuade the carrier to use Vancouver as a port of call.
P&I fired up by Dragon launch DRAGON P&I, the fixed premium club launched last week by Michael Else & Co, is aiming for a five per cent share of the P&I market within ten years.
Outlook uncertain for Norway's yards THE shipbuilding industry in Norway is facing an uneasy future as orders received are showing signs of receding.
Cat damage hits Stena's first half volume DAMAGE to the catamaran ferry Stena Discovery in January contributed to the fall in passengers carried by the Swedish ferry operator Stena Line in the first half of the year.
S&P report 'misleading' says London Club STANDARD & Poor's new approach to rating the relative financial strength of the International Group clubs this year has caused confusion, according to the London Club.
Cochin attracts development interest FOURTEEN companies have expressed interest in developing the existing Rajiv Gandhi terminal and establishing a transhipment terminal off Cochin in south-east India.
UP settles 'poor performance' lawsuit UNION Pacific railroad has settled the first of a number of 'poor performance' lawsuits brought by several of its major customers.
Evergreen eyes stake in Colombo consortium EVERGREEN intends to join an international consortium planning to modernise Queen Elizabeth Quay in Colombo, according to George Hsu, the line's president.
Brazil approves 20-ship order BRAZIL'S government has informally approved an order for 20 containerships, a vital step in the recovery of the country's shipping industry.
New breaking yard for India THREE private firms are to set up a shipbreaking yard and a port at Odarevu, a small port on India's east coast.
Minoan ferry strikes reef on maiden voyage MINOAN Lines' new ferry Pasiphae hit a reef yesterday on its maiden voyage on the route between Greece and Italy.
Second master pleads guilty of negligence THE Greek master of the suezmax tanker Evoikos, which collided with a vlcc in the Singapore Strait last year, has pleaded guilty to two charges of negligence.
SBMA's Gordon wins another round RICHARD Gordon has won another round in the court battle over the leadership of Subic Bay Metropolitan Authority.
Hanseatic clinches training agreement HANSEATIC Shipping and FAME Maritime Foundation of the Philippines are to set up computer courses for Filipino seafarers serving Hanseatic-managed vessels.
Code benefits 'will take time' BENEFITS arising from the ISM Code initiative will take up to a decade to become fully apparent, according to Peter Cremers of Anglo-Eastern Ship Management.
Bank of America et DBG Osteuropa prennent le contrôle de Hungarocamion Les actionnaires de la société de transport routier international hongroise Hungarocamion ont décidé d'accroître le capital de celle-ci de 2,6 milliards de HUF. Le capital est actuellement de 5,23 mia. de HUF. Les nouvelles actions seront acquises par le groupe HC Invest Kft, dont la participation passera de ce fait de 81,51% à 90%. Les employés détiendront 6% et le conseil local le restant. Parallèlement à cette augmentation de capital, la Bank of America et DBG Osteuropa Holding vont acquérir à parts égales 99% de HC Invest. L'ancien propriétaire à 100%, Ventura Rt, ne conservera plus que 1%.
Huber Chemicals investit 925 mio. de BEF à Ostende Huber Chemicals Europe, une filiale du groupe familial J.M. Huber Corporation (Edison - New Jersey) va s'implanter dans l'arrière-port d'Ostende dans le cadre d'un projet d'expansion de la capacité. L'opération représente un investissement de 25 mio. de USD, soit près de 925 mio. de BEF. La production, qui devrait être lancée au cours du troisième trimestre de 1999, consistera de 10.000 tonnes de silices amorphes et de 5.000 tonnes de silicates.
New rail freight freeway to link UK and Hungary Neil Kinnock, the EC Transport Commissioner, has launched a one-stop-shop facility for the new London to Sopron (Hungary) trans-European rail freight freeway (TERFF), which is expected to be open for conventional and intermodal traffic before the end of the year. The one-stop-shop will be managed by Austrian Railways and other infrastructure mergers will be able to provide links along the route to potential customers.
ICG ships embroiled in Sandra Marie row Two vessels operated by the Intercontinental Group are being held up as a result of an industrial dispute. The Sandra Marie is held up at Port Adelaide, while the Portland is off the Western Australian port of Bunbury. A third vessel which could become embroiled in the row, the Lindesay Clark, was at sea yesterday, believed to be proceeding towards Melbourne. The dispute is primarily over the future of the Sandra Marie and Intercontinental's apparent decision to lay up the vessel.
Sub-standard ships still in business: Lloyds Despite the best efforts of port state control and flag administration authorities, and the class societies, operators of sub-standard shipping are not being driven out of business, according to Lloyd's Register. In his submission to the 'Ships of Shame' committee's inquiry into the whether ship safety is improving, the manager of LR's fleet services department, Peter Koller, said most ships detained for PSC transgressions were not delayed.
ARTC takes over New national rail track authority the Australian Rail Track Corporation, officially took over the management and ownership of the interstate network last week with little fanfare. The start-up of operations at the Adelaide-based ARTC which has been promoted by the federal government as a one-stop-shop for operators seeking access to the interstate network came after years of government promises for such a body.
Columbus adds SSS to Pacific stable Agreement has been reached in principle between Hamburg Sud and A/S Thor Dahl Shipping for the acquisition of South Seas Steamship Company by the German shipping group. Hamburg Sud is the parent of Columbus Line which is a major carrier in the Australia/New Zealand and Pacific trade to North America SSS is a leading container carrier between the west coast of North America and the Pacific Islands.
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