P&O Nedlloyd close to German orders P&O Nedlloyd is close to signing an order for five boxships of 5,500 teu with two German shipyards, according to German ship financing sources.
Fresh 'Derbyshire' inquiry expected A NEW inquiry into the sinking of the bulk carrier Derbyshire, which went down south of Okinawa with the loss of all 44 hands in 1980, is likely to be announced by UK deputy prime minister John Prescott in parliament today.
OMI suffers last quarter loss NEW York-based OMI Corp, which is in the middle of a significant restructuring of its operations, has announced a loss of $2m for the final quarter of last year, compared with a $91,000 profit in the corresponding 1996 period.
TI Group boosts underlying profitability TI Group, the British engineer which has been expanding its marine interests, has reported further progress in underlying profitability in 1997, writes Tony Gray.
Petroleum Geo Services to buy Awilco FPSO business OFFSHORE service specialist Petroleum Geo Services looks set to acquire the floating production, storage and offloading (FPSO) business of Awilco ASA in a deal worth $860m after shareholders of both companies approved the plan at respective extraordinary general meetings.
EU given India shipping firm talks go-ahead EUROPEAN Union member countries have, for the first time, mandated the EU to conduct all negotiations on bilateral maritime agreements with Indian shipping companies, writes Shirish Nadkarni, India Correspondent.
Battle hots up over Primorsk RUSSIAN federal government officials preparing an environmental impact study on the proposed $3.7bn Baltic oil port at Primorsk are at the centre of intensive lobbying.
Santos citrus fruit terminal sold off THE Port of Santos has sold off its Citrus Fruits Terminal to Citrosuco Paulista to operate for a 20-year period.
Non-union stevedore approaches major lines MAJOR shipping lines have been approached by Australia's new, non-union cargo handler P&C Stevedores urging them to shift their business away from Patrick and P&O Ports.
PSA signs car venture with Horst Mosolf SINGAPORE'S PSA Corp has set up a joint venture company with German specialist Horst Mosolf to develop automotive logistics business in Singapore and Asia.
Nacala call competes with overland route UNI-FEEDER, the Mozambiquan service operated by Durban-based Unicorn Lines, is restructuring its weekly fixed day route to include a scheduled call at Nacala in Mozambique.
Collision off Singapore results in minor spill A COLLISION between a dredger and bunker barge in Singapore waters this morning resulted in a minor oil spill, according to the Maritime and Port Authority of Singapore.
Japan conferences raise box rates JAPAN/Mediterranean Freight Conference (JMFC) and the Far East Freight Conference (FEFC) plan to raise box rates from Japan by $75 per teu from April 1.
VAT imposed on freight for transhipment cargoes PHILIPPINE tax authorities have ruled that freight payment for transhipment cargoes via domestic lines is now subject to value added tax.
PDV Marina seafarers announce indefinite strike PETROLEOS de Venezuela's oil tanker crews are set to start an indefinite strike on March 16, and workers in the rest of the country's state-owned oil company are to join them.
Talks continue over Venezuela seafarers strike TALKS are continuing between Petroleos de Venezuela's shipping arm, PDV Marina, and 420 unionised seafarers in an effort to avoid a strike.
El Nino blamed for major falls in export products BOTH Peru and Brazil have experienced big export drops in key products - fishmeal and coffee respectively.
Clinton administration proposes Coast Guard tax THE Clinton administration is proposing to institute a Navigation Assistance Tax in its proposed 1999 federal budget.
MUA strike hits Port Botany AUSTRALIA'S Port Botany terminal in Sydney has been closed for 48 hours by an MUA strike.
Magnesium shipments hit a record GLOBAL primary magnesium shipments for 1997 set a new record with 333,700 tonnes being transported.
N&T shares to be de-listed following merger THE publicly listed class B shares of Nordström & Thulin will be de-listed from the Stockholm stock exchange following the company's merger with tanker owner Argonaut.
Color Line records rise in passenger volume Norwegian cruise ferry company, Color Line, has recorded a slight rise in passenger traffic in the first two months of this year.
P&O Nedlloyd mounts Auckland express service P&O Nedlloyd is augmenting its existing service from Europe to New Zealand through the addition of a fixed day express service from Southampton and Hamburg to Auckland.
Global Ocean profit increase PIRAEUS based Global Ocean Carriers has announced a strong rise in profits in 1997.
Cobelfret Ferries: nouvelles initiatives en perspective L'armement belge Cobelfret Ferries, qui s'est spécialisé dans les trafics rouliers pur fret entre le continent et le UK, a transporté l'année dernière 341.500 semi-remorques (+10%) et 475.582 voitures. La compagnie maritime est à la veille de développer de nouvelles initiatives, en dehors de son futur service commercial entre Göteborg, le Royaume-Uni et Zeebrugge, qui démarrera vers la fin 1999, en parallèle avec les activités de distribution européenne propres au groupe forestier suédois Stora.
L'Escaut dans la perspective d'un péage? L'idée d'instaurer un péage à Anvers refait surface. Il n'est évidemment pas question de réintroduire ce péage sur le fleuve que l'on a eu tant de mal à racheter aux Néerlandais, mais bien de résoudre un problème de mobilité terrestre au niveau de la région anversoise, c'est-à-dire que tout trafic traversant le fleuve, via un pont ou un tunnel, serait soumis à péage.
Overtime bans to hit hard Members of the Maritime Union of Australia walked off the job for 48 hours at Patrick's Botany Bay facilities yesterday. Although the members will return to work tomorrow, an overtime ban will apply. The impact of the stoppage while serious, is not too severe because ample warning of the stoppage had been given as required by the Workplace Relations act.
West Aust setback for SCT Western Australia's Environment Minister has rejected a proposal by Specialised Container Transport to set up a rail freight terminal and distribution centre at the Perth suburb of Canningvale. Minister Cheryl Edwards said her decision was based on advice from the Department of Environmental Protection, the Environmental Protection Authority and the Appeals Convenor, as well as appeals from residents. The Minister said the development would have involved the frequent movement of large trains and cargo adjacent to a residential area.
Holyman in $50 mil downturn Sydney-based international ferry operator and transport group, Holyman Ltd yesterday announced a consolidated operating loss of $29.866 million to 31 December 1997, compared to a $21.861 million profit in 1996. In a statement to the Australian Stock Exchange, the company confirmed last week's estimate that its $11.471 million after tax and before abnormal item operating profit had been overrun by abnormal losses after tax and minority interest totalling $41.337 million.
Govt contravenes own act The federal opposition has accused the government of formulating a strategy - in contravention of the freedom of association provision of the Workplace Relations Act - designed to destroy the MUA's powerbase by replacing its members on the Australian waterfront with non-union labor. Tasmanian ALP Senator Kerry O'Brien alleged that in providing for a freedom of association clause in the act, Minister Peter Reith aimed to "beat the unions, not protect to them." "The plan is to sack one workforce and replace it with another before the Industrial Relations Commission could protect the rights of the sacked workers," Senator O'Brien said.
ITF backs ILO labor law finding The international trade union movement has welcomed International Labour Organisation findings that the Australian government's labor laws breach important provisions of the ILO Convention 98 on Freedom of Association and Collective Bargaining. The ILO has called on the government to change the legislation to give workers a chance to bargain pay and conditions through their unions rather that be forced into individual contracts.
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