ABP poised to buy US port firm ASSOCIATED British Ports is on the verge of acquiring UK-listed US port and airport operator American Port Services in a deal worth around '105m ($175m).
EU ministers agree end to shipyard subsidies in 2000 EUROPEAN Union industry ministers yesterday agreed to end operating subsidies for shipbuilding from the end of 2000 as part of an overhaul of government support for the sector.
Charterers take control as reefer season flops CHARTERERS are in full control as a result of "the high season that never was" in the refrigerated cargo shipping arena.
Shipping exposure helps boost RBS ROYAL Bank of Scotland, one of the leading lenders to the shipping industry, has increased its interim 1998 profit by 21%, to '411m ($686m).
Shipping 'has failed to see IT potential' THE shipping industry has failed to match the standards achieved by comparable industries, by declining to embrace the information technology (IT) revolution, according to a recent report.
Hurtigruten firms lobby for state aid NORWAY'S hurtigruten operators, serving 34 ports between Bergen and Kirkenes, are using today's annual meeting of the country's harbour organisation in Alesund as an informal platform to solicit continued state support for the service.
International move lifts Hvide income PROPELLED by global fleet expansion and higher day rates, marine support and transport services firm Hvide Marine racked up first quarter income of $7.2m, or $0.43 per share before an extraordinary item, up 55.5% and 26.5%, respectively on the year-earlier period's $4.6m and $0.34.
Bijvoets taking up new Nedlloyd post PAUL Bijvoets is relinquishing his position as joint managing director of P&O Nedlloyd to take up a new post as head of Royal Nedlloyd's European landside companies, writes Janet Porter.
Port of London lifts throughput for fifth year TRADE through the Port of London has increased for the fifth consecutive year with a 5.8 per cent increase of 3m tonnes during 1997 to 55.7m tonnes.
Sacked wharfies unable to return to work ANOTHER day has passed in Australia's month-long waterfront dispute with reinstated wharfies unable to return to work.
China may cut crude oil imports CHINA is planning to reduce imports of crude oil and related refined products in an attempt to reduce the effects of falling world oil prices.
Pacific Ports' profit will fall below forecast HONG Kong-listed Pacific Ports has warned shareholders that profit for 1997 will be much less than the HK$50m ($6.45m) forecast in its listing prospectus last April.
Singapore mines to be detonated tomorrow TWO of the three World War II mines that were discovered in Singapore's Sinki Fairway on March 3 are to be detonated underwater tomorrow.
Miami port money may have gone to Democrats REPORTS suggest that money from the Port of Miami found its way to the Democratic National Committee during the tenure of former port director Carmen Lunetta.
Contship and Canmar forge America-India link CONTSHIP Containerlines and Canada Maritime have jointly established a fixed-day weekly relay service connecting the Indian subcontinent with Canada and the US Mid-West.
India conference seeks rate restoration THE India, Pakistan & Bangladesh Conference lines are increasing their westbound rates to Europe.
Indonesia goes on war risk THE London war risks rating committee has added Indonesia to its list of countries where underwriters need to apply special rates for cargo sailings.
Howard Smith may use non-union labour TUG operator Howard Smith says it will use non-union labour in its Australian operations unless it gets union agreement to improve workplace productivity.
Singapore Registry of Ships hits 21m gt mark SINGAPORE'S ship registry has passed the 21m gt mark with the addition of a 13,377 gt tanker, Karimun, owned by Golden Karimun Maritime.
Petro Ranger ordeal continues THE master of the tanker Petro Ranger, recently found after an extensive search throughout south-east Asia, has claimed he is being held against his will by Chinese soldiers.
Singapore tightens ISM Code stance SHIPS calling at Singapore without the necessary ISM code certification after the July 1 deadline will face detention or be denied entry, according to the communications minister.
Poompuhar figures hit by low coal rates POOMPUHAR Shipping Corp, the Chennai-based operator transporting coal for Tamil Nadu state's thermal power stations, has reported a loss of Rs45m ($1.13m) for 1997-98.
Halter forms joint venture with Chinese yards HALTER subsidiary Halter Marine Inc (HMI) has formed a joint venture with two Chinese builders to construct and market vessels in China.
Chipolbrok s'emploie à développer un trafic de retour d'Asie sur Anvers "Avec les nouveaux navires que nous alignons, nous avons la possibilité de mieux rencontrer les exigences de la clientèle, d'assurer un meilleur service d'Europe vers l'Asie, qui aura d'ailleurs un caractère plus régulier; en outre, nous allons développer le trafic de retour sur Anvers". C'est ce que nous a déclaré Janusz Janiszewski, directeur de l'armement Chipolbrok, assisté de son collègue, le capt. Dong Qing Ru, à l'occasion du mainden trip du m/v "Norwid", un "triple decker" de 22.271 t aligné dans le service sur la Chine (1). Chipolbrok est un important client du port d'Anvers, d'où il assure plusieurs services axés sur le conventionnel/breakbulk et les cargaisons industrielles, secteur vis-à-vis duquel il s'inscrit en tant que leader pour ce qui est de la desserte de la Chine.
Wilton Fijenoord Holding repris par RDM RDM Technology Holding et Wilton Fijenoord Holding de Schiedam se sont mis d'accord sur la reprise du chantier naval Wilton Fijenoord (WF) de Schiedam et des filiales Verolme Botlek et Verolme Heusden par RDM. Une lettre d'intention en ce sens a été signée mardi après-midi. Si les formalités de reprise sont menées à bien, une partie du terrain du chantier sera revendue à la "Yssel Vliet Combinatie" (YVC). Ce chantier de Rotterdam voudrait bien déménager à Schiedam afin de s'établir en aval des ponts sur la Nieuwe Maas, qui constituent des obstacles.
Le gouvernement met fin à la grève au Danemark Au moment de mettre sous presse, le gouvernement danois introduisait au Parlement une loi imposant la fin de la grève touchant une grande partie du secteur privé. Sauf accident de parcours, le Parlement devait accepter la proposition gouvernementale, mais le retour au travail n'est prévu que pour jeudi ou - plus probablement - lundi prochain.
Penske Logistics Europe crée un centre de dispatching européen à Maastricht Le groupe Penske Logistics Europe a annoncé qu'il a établi un centre de dispatching aux Pays-Bas, d'où seront planifiés et gérés tous les flux de transport des clients de l'entreprise. Le but du Pan-European Transport Routing Center est d'optimiser la capacité de transport en Europe.
MUA to assure ACCC on boycotts today The Maritime Union of Australia is to provide written undertakings to the Australian Competition and Consumer Commission today on its position regarding secondary boycotts. The alleged action was to have been directed at non-union stevedoring facilities.
April loading through PWCS below target Loading through Port Waratah Coal services during April was slightly below target due to some unplanned maintenance of the second shiploader at the Carrington terminal. Just under 5.5 million tonnes of coal was received at the Newcastle facility during April, with 5.3 million tonnes loaded aboard.
Airlines puzzled over bias report An overseas media report which suggests that airline discrimination against forwarders in Australia is rife has been greeted with puzzlement by the accused players here, who have largely dismissed the report as a storm in a teacup. The front page report in the London-based "Aircargo News" last month said its inquiries revealed that airlines favour larger forwarders and are involved in unfair trading through pointing the shipper "in the right direction" for forwarding needs.
Wallenius and Wilhelmsen to extend tie-up Wallenius Lines and Wilhelmsen lines have agreed to extend their existing space charter arrangements with one another, effective July 1. According to Wallenius, the company will be able to increase its service frequency, offering customers three sailings a month from Europe to Australia. Wilhelmsen said the agreement related primarily to hardware, and would result in space rationalisation.
MUA back at work but tale still twists In another twist of the dispute between Patrick and the Maritime Union of Australia, the stevedore yesterday gave notice that it intended to terminate labour supply contracts with its insolvent employment companies. According to the notice, within 14 days the company's labor companies would no longer be responsible for supplying labor to Patrick. That would enable Patrick to get rid of the workers once and for all and replace them with alternative labor.
The bug: just 603 days to go SHIPPING FACES A NIGHTMARE of unknown proportions from the Millennium Bug. Some of the industry's top organisations admit they do not have a clear idea of the scale of the problem that will be caused by the inevitable failure of microchips. The cost of preventing the disastrous prospect of vessels running out of control in busy shipping lanes with navigation systems going haywire as year 2000 dawns could be colossal.The industry is only just waking up to one of the greatest dangers it has ever had to confront.
Tears down the road JUNK BONDS are the flavour of the month in shipping right now. But there are likely to be tears down the road, according to the experts, with a high proportion of owners defaulting on their loans.
60 on US Coast Guard's blacklist THE UNITED STATES COAST GUARD has put 60 shipping companies on a new list of owners it will target for port state control inspections. It includes some surprising names.
Singapore swingers INTERTANKO'S annual get-together attracted a big turnout in Singapore. There were some well-known faces but other big names decided to take a rain-check.Picture and reports in this week's edition.
Winners and losers WHO'S THE KING of the liner companies? We analyse the best and worst performers.
Tony hits a high note TONY BURGESS, the most famous notary in shipping, has a love of opera that has led to a writing achievement.
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