Edinburgh in $20m placing A NOVEL shipping investment company, which aims to raise $20m through a share placing, has been unveiled by Bill Boase and Yoshi Yasumoto, two former senior shipping executives at Cargill.
Mariotti set to win V Ships order for three cruiseships ACTING on behalf of an undisclosed cruise operator and for its own parent Vlazov Group, Monte Carlo-based V Ships Leisure is on the verge of awarding a contract to build three luxury cruiseships to Italy's T. Mariotti shipyard.
Malaysia's crown of thorns A YEAR ago, it all seemed so rosy. Mirzan Mahathir, eldest son of Malaysian premier Mahathir Mohamad, was busy building up one of Asia's most dynamic shipping groups with seemingly limitless funds to back him.
Osprey oil charters 'are secure' OSPREY Maritime, the Singapore tanker operator, reported a 14% rise in profits for last year and gave assurances that its charter contracts with Indonesian state oil company Pertamina were secure, writes Edward Ion, Asia Editor, Singapore.
IMO is set to back revamp of Inmarsat INTERNATIONAL Maritime Organisation delegates look set to back the overall restructuring of international satellite organisation Inmarsat, when they submit their formal position to Inmar-sat's assembly this autumn.
New link to double Tyne ferry throughput A RIVER Tyne-based ferry company is predicting that the introduction of new services will double its number of passengers next year to almost half a million.
Royal Caribbean starts gas turbine revolution ROYAL Caribbean International (RCI) looks likely to become the first cruise group to build vessels powered by gas turbines instead of the traditional medium speed diesel engines.
Meaning and usage in the war of words The language of Humpty Dumpty: "When I use a word, it means precisely what I choose it to mean"
New ships boost Aust services Driven by requirements ranging from fleet uniformity through treater capacity to a basic need for speed, shipping lines and consortia in Australian trades are in the process of introducing a substantial amount of replacement tonnage. The most significant program is being undertaken by the newly-formed four-member Triple A consortium which takes effect from this month, with each of the four lines retonnaging with larger, faster ships.
Strike may be averted Patrick is hoping that last-minute discussions will avoid a 48-hour stoppage which is to be called by the Maritime Union of Australia at the stevedore's Sydney facilities from Wednesday. The company hopes that negotiations including a conference in the Australian Industrial Relations Commission on Friday afternoon might avert the planned "protected industrial action", which is to be followed by an indefinite overtime ban at weekends.
P&O to benchmark SA performance The largest stevedore in South Australia - P&O ports - will introduce a system of auditing all vessels it loads and unloads to establish benchmarks for performance, and to determine if its existing environmental protection measures can be improved. The auditing system will cover bulk and general stevedoring operations, while the environmental checks will focus particularly on operations involving easily-spilled cargoes such as superphosphate and Zinc concentrates.
WA backs supply over cost at new port WA opposition Transport spokesman Allanah MacTiernan has suggested that Western Stevedores will have strong advantage over the nation's major stevedores when it submits an expression of interest for the proposed $60 million "strike free" port at Kwinana. Ms MacTiernan said the EOI document showed that the proponent who could deliver no strike clauses would be given priority over those who could offer lower costs.
Howard Smith to herald 'new era' in towage Howard Smith CEO for Australian towage, Dale Cole will herald a "new era" in towage efficiency at the First International Pilots Conference in Brisbane on Wednesday. Mr Cole said on the weekend "we believe that there is a new era of towage efficiency opening up, as evidenced by the dramatic decrease in real towage rates, by the introduction of new more efficient practices, more cost-effective tugs and a great focus on customer service."
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