Dutch and Swedes in tanker link DUTCH tank storage group Van Ommeren and Swedish company Brostrom Shipping are to merge their ocean tanker interests, creating a new company with a turnover of Fls600m ($291m) and a fleet of 52 tankers.
Crine insurance initiative INSURANCE could be the subject of a cost saving initiative from the UK oil industry's influential Crine Network organisation.
Ugland profits bonanza VEHICLE transport group Ugland International is heading for a sixfold increase in profits over a three-year period, a leading London stockbroker has predicted.
Sembawang sells Jurong shares DEBT-burdened Sembawang Corporation has raised S$37.15m (US$21.64) by selling a 3.59% stake in Jurong Shipyard to foreign interests.
Shipbuilding orders at 25-year high WORLD shipbuilding enjoyed its best year in more than a quarter of a century in 1997 in terms of fresh orders, the German shipbuilding and ocean technology association Verband Schiffbau und Meeres-technik has reported.
'Hanjin London' in Felixstowe call HANJIN'S 5,302 teu Hanjin London has made her maiden call at Felixstowe on the carrier's new Pendulum A service to the Far East, writes Felicity Landon.
Poon warns of rates chaos SHIPPERS pushing for deregulation of the liner shipping trades should take a close look at developments in the airline industry over the past few years, according to Jim Poon, chairman and managing director of OOCL (Europe).
FEFC considering cargo pact formula MEMBERS of the Far Eastern Freight Conference are considering ways of dividing cargo in the eastbound trades from Europe during the economic uncertainty in southeast Asia, writes Janet Porter.
Master blames pilot for spill THE master of the Danish tanker Robert Maersk, which caused a huge fire and oil spill in Spain five years ago, has claimed in court that he only followed the pilot's instructions.
SAECS to add Canary Islands calls THE SAECS consortium (Southern Africa Europe Container Service) is adding calls at the Canary Islands as part of its fixed day weekly service.
Indians oppose move to dollar link The Port Tariff Authority (PTA) of India has opposed the government's surface transport ministry proposal to link cargo related tariffs to dollars.
Swedish Orient raises profit forecast SWEDISH Orient Line, the recently floated ro-ro and reefer owner, has raised its profit forecast for 1997.
Asian maritime lawyers see business surge LITIGATION work for maritime lawyers is booming as a result of Asia's present economic turmoil.
Canadian National to take over Illinois CANADIAN National Railway has reached a deal to take over the Illinois Central Railway.
Halla Group earmarks units for sale TROUBLED South Korean Halla Group has announced plans to seek foreign capital and sell five of its ailing 18 units in a restructuring initiative.
Jahre Tankers sells suezmax to Cepsa THE Norwegian tanker company Jahre Tankers has reportedly sold the 1989-built suezmax tanker Jahre Trader to the Spanish oil company Cepsa.
Bow visor problem delays Nordlandia on first trip PROBLEMS with the hydraulics system on Eckero Line's ferry Nordlandia delayed its departure from Tallinn to Helsinki by six hours last night.
Galapagos Islands get new cruise ship AN Italian built cruise ship has been leased by Ecuadorian shipowner Canodros to handle an estimated 8,000 passengers a year for cruises to the Galapagos Islands.
Royal Caribbean to offer shares ROYAL Caribbean Cruises which includes Royal Caribbean International and Celebrity Cruises, has announced that it intends to begin marketing 6m shares of its common stock.
ILU seeks industry stand to support ISM Code THE Institute of London Underwriters has written to the International Union of Marine Insurance to press the international body to make a positive stand supporting the ISM Code.
Poon supports trade share standstill A LEADING executive of a major international liner operator is seeking a standstill on cargo shares in the eastbound trade from Europe to Asia.
Patrick confident of Webb victory PATRICK was confident yesterday that work will resume shortly at Webb Dock, which has been crippled since a wharf was sub-leased to P&C Stevedores Pty Ltd late last month. The Australian Industrial Relations Commission yesterday concluded hearing evidence on the company’s application which would have the effect of forcing members of the Maritime Union of Australia back to work.
ABC sues Ports Corp over charges In a move which could have widespread repercussions for the shipping industry, Adelaide Brighton Cement Ltd yesterday announced that it is taking legal action against the South Australian government and the state’s SA Ports Corp to recover wharfage and tonnage charges.
WA truck drivers face regulation TRUCK drivers in Western Australia could soon be subject to a regulated truck driving hours regime for the first time, following the release of a state government proposal to introduce such a system. Transport Minister Eric Charlton revealed at a conference in Fremantle this week that the government would introduce a new code of practice for the trucking industry aimed at curbing truck driver fatigue -- the cause of 25 per cent of fatal truck crashes in WA.
Burnie fears demarcation fallout A demarcation dispute between the MUA and BP Australia over manning levels during tanker discharge operations at Burnie, Tasmania, could cost the port around $250,000 in lost revenues if it is not resolved amicably, according to the Burnie Port Corporation’s general manager, Stewart Tyson. Mr Tyson said that he feared that if agreement between the union and BPA was not reached, the port could lose its tanker business to one of several other ports in the State capable of handling such operations.
Extra sailings for Spirit of Tasmania DUE TO projected increased demand TT-Line will reintroduce eight sailings a week for its conventional ferry, Spirit of Tasmania, for three weeks after the charter of the Incat-built wave piercing ferry, Devil Cat, ends on 18 April. TT-Line’s chief executive Peter Simmons said the additional Spirit sailing was a further extension of the company’s increased summer and autumn services.
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