Pertamina hit by cash problems INDONESIAN state oil company Pertamina has admitted it has cash flow problems due to the country's continuing economic crisis.
Trade boom may speed Buenos Aires terminal plan PLANS to expand the P&O container terminal operation in Buenos Aires might have to be brought forward following record growth this year.
SCI cleared to buy into Petronet LNG company INDIA'S Ministries of Petroleum and Surface Transport have given in-principle approval to a proposal from the Shipping Corporation of India, to pick up equity in one of the subsidiaries of Petronet LNG Limited.
Recession set to curb Asian call for natural gas NATURAL gas demand in Asia is expected to grow at a slower rate of 4.4% a year up to the end of the century and 3.5% a year between 2000 and 2010 due to the severe economic recession hitting the region.
Philippines sea schools in STCW shock ONLY six of the Philippines' 122 maritime schools have passed a government assessment to determine which schools comply with the requirements of STCW (Standards of Training, Certification and Watch-keeping) '95, the Comm-ission on Higher Education which regulates all institutions offering degree courses, has claimed.
Manila handling rates set to soar by 20% CARGO handling rates at the Port of Manila's international South Harbour and Manila International Container Terminals are to rise by as much as 20% from July 15, Alec Almazan reports from Manila.
FMC approval for US inland conference THE US Federal Maritime Commission has approved the proposed Inland Ship-ping Service Association, which it claims is the first inland-only conference in US history.
Durban port head resigns CONGESTION and vessel delays at the port of Durban could be exacerbated by the resignation of port manager Bax Nomvete yesterday, writes Dee Rissik, Africa Editor.
Colombo to draft anti-piracy laws CONCERNED at the growing incidence of piracy in its territorial waters, including those by Tamil Tigers, Sri Lanka is drafting special anti-piracy laws.
ECS launches code to combat substandard ships THE European Shippers' Council (ECS) has launched a voluntary code of best practice to assist shippers in identifying substandard ships in the drybulk sector.
Columbus Line maintains Colombian link COLUMBUS Line, the Hamburg-S'd subsidiary, has stressed that it will maintain the link between the Colombian port of Buenaventura and the US/Canada.
China to boost coal exports CHINA will export 35m tonnes of coal this year, exceeding last year's figure by 4.25m tonnes, according to the State Coal Industry Bureau.
OSG takes over management of its vessels OVERSEAS Shipholding Group is to assume direct management and operation of its bulk shipping fleet, terminating its arrangements with Maritime Overseas Corp.
Filipino radio operators seek upgrade HUNDREDS of Filipino radio officers are demanding a licence upgrade because they will become redundant when GMDSS is implemented next year.
Dutch builders warn on aid increase DUTCH shipbuilders have warned that the small increase in state aid may not be enough to maintain yards' profitability.
Dammam initiates transhipment service DAMMAM Container and Reefer Terminal in Saudi Arabia has started to handle transhipment and transit containers.
Six Filipino schools accredited THE Commission on Higher Education (Ched) in the Philippines has identified six maritime schools that have achieved the standards of the IMO's STCW '95 requirements.
Italian river cruiseship targeted at Americans A SPECIALLY designed river cruiseship targeted at the American market is to be delivered at the end of the year by SMEB shipyard at Messina, Italy.
Singapore rises to eighth ranking fleet SINGAPORE'S Registry of Ships (SRS) has risen to eighth ranking merchant fleet in the world from tenth spot in 1996, following a 15 per cent growth rate in the interim.
SCI renews bid for lng participation SHIPPING Corp of India has renewed its bid to take part in the lng sector by making a fresh appeal to the government for a stake in Petronet.
Weser deepening work starts DEEPENING of the River Weser to the Bremerhaven container terminal started on June 6.
Guam celebrates victory over Sea-Land and APL GUAM is celebrating a recent FMC ruling against Sea-Land and APL for overcharging on cargo shipments to the island.
Canadian exports to Asia take a dive ASIA'S financial crisis has hit Canadian exports to the region, especially to Japan, says the Conference Board of Canada.
Three oil producers agree to cut output LEADING oil exporters Venezuela, Mexico and Saudi Arabia have agreed to slash a further 450,000 bpd from the market in a second effort to boost slumped oil prices.
TMM counters drug trafficking charge TMM, the Mexican carrier, is to suspend its service from the Colombian port of Buenaventura to the US and Canada, following accusations of involvement in drug trafficking.
CP Railway enhances intermodal links CANADIAN Pacific Railway and two American railroads are teaming up to offer a dedicated intermodal service from the Port of Saint John to Montreal, Toronto and US Midwest.
Australian dollar suffers Asian fall-out AUSTRALIA'S trading position has been thrown into confusion by a falling dollar, which analysts say has been caught in the fall-out from the Asian crisis.
ARTC chairman quits on eve of start up Ken Baxter the founding chairman of the federal government's new interstate rail track body, the Australian Rail Track Corporation has resigned from the corporation it was revealed last week. The shock decision came just weeks ahead of the ARTC's proposed start-up date of 1 July, and is considered a major blow to the federal government's rail reform agenda.
Low-key welcome for presidential visit For what is believed to be the first time in recent history the distinctive funnel of American president Lines is being seen in Australian ports following the introduction of the 2700 TEU APL Ivory to the AAX consortium's South East Asian service. The deployment of Ivory and her sister ship APL Emerald follows the acquisition of APL by Singapore's Neptune Orient line, with the container business of the two companies now carried out under the APL name.
Govt endorsed 'active' waterfront role The controversial July 1997 Cabinet-in-Confidence document on the government's waterfront strategy revealed last week by the Opposition endorses the second of two options proposed in a report by the Workplace Relations and Transport Departments that the government pursue a "more active role in promoting change, in cooperation with the major stevedores."
Up to banks to pay wharfies says Patrick chairman Patrick stevedores chief Chris Corrigan has cast doubt over whether 1400 Maritime Union of Australia workers would get their first pay cheques this week, saying it was up to the banks. "We'll be providing the money," Mr Corrigan told ABC Radio on Friday, "the banking creditors have a charge over the assets of those (labor hire) companies, and they'll have to release that charge for the money to flow through."
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