BP venture to manage Alaska fleet BRITISH Petroleum is joining forces with two of the leading US shipping companies in a new management venture which will handle the oil major's Alaskan tanker fleet.
Cyclone catastrophe at Kandla INDIA'S port of Kandla remained virtually cut off yesterday after the cyclone which devastated the western state of Gujarat.
Importers gambling on renewed banana appeal FROM a glut to a dearth, the banana market has lurched sharply again, and for the importers, the needle on the barometer has swung to high-risk.
First quarter loss at Negros Navigation LISTED Negros Navigation, which was recently bailed out by the local flagship of Hong Kong's First Pacific Corp, has reported it lost Pesos120.89m (US$3.1m) for the quarter ending March 31.
India planning rules to clean up shipbreaking INDIA'S Ministry of Surface Transport has belatedly woken up to the ecological problems caused by the shipbreaking industry and is planning to issue guidelines for the sector, which produces roughly 10% of the country's steel scrap.
Dead master's family fight 'Rema' claims GOVERNMENT and media claims that the Rema, the British-owned cargoship lost with all hands in April, was unseaworthy, have been questioned by relatives of the dead master.
Malaysia updates ships law MALAYSIA is expected to introduce a new Merchant Shipping Act with a view to harmonising shipping legislation and incorporating a number of new initiatives.
Hirdes buys 'Flevo' Hamburg-based Heinrich Hirdes has bought the Dutch dredger Flevo (pictured) from Boskalis Westminster Baggeren as a replacement for its suction dredger Heinrich Hirdes. The Flevo has been reflagged to Germany with her port of register now Bremen. The Heinrich Hirdes was sold recently to Denmark's Jens Rohde-Nielsen. The Flevo will not be renamed and is to be deployed deepening the Weser from 12 to 14 metres after upgrading and renovation work is carried out at Rickmers-Lloyd Dockbetrieb in Bremerhaven. The official start to the Weser deepening has been carried out by the chartered Belgian dredger Vlaanderen 21 and the German government-owned Nordsee.
Wartsila NSD to be floated by Metra DIESEL engine builder Wartsila NSD is to be floated on the Helsinki stock exchange if plans put forward by its parent materialise.
Indonesian imports collapse FOREIGN banks' refusal to handle Indonesian letters of credit has resulted in an 80 per cent drop in import activity.
China's exports fall for first time in two years CHINA'S exports fell last month for the first time in nearly two years as the impact of the Asian economic and financial crisis started to sink in.
Columbus/Alianca/P&O Ned reach agreement COLUMBUS Line, Alianca and P&O Nedlloyd have entered into a strategic agreement that will improve frequency and access to American markets.
G8 agrees to support yen GOVERNMENTS of the world's major industrial nations (the G8) have agreed to help bolster the ailing Japanese yen
Aker Maritime signs finance deal AKER Maritime, the Norwegian shipbuilding and offshore group controlled by Aker RGI, has signed a five-year financing deal.
Yuan devaluation fears cause panic FEARS that China might devalue the yuan, caused widespread panic in regional exchanges yesterday, accelerating the plunge of stocks from as far afield as Hong Kong and Australia.
Australian stevedore hints at imminent demise IN a surprise development, Australia's newest stevedoring company - P&CS - has fore-shadowed its imminent demise only a day after predicting it would expand.
Catalonia snatches trans-Atlantic record CATALONIA, the Buquebus-operated fast ferry, has snatched the Hales Trophy trans-Atlantic record, with an average speed of 38.85 kt.
MISC takes delivery of Korean-built boxships MISC has added two South Korean-built containerships to its fleet.
WG&A sells off fleet to meet debt WG&A, the Philippines' largest domestic shipping company, is planning to sell part of its fleet to reduce debt resulting from the Asian currency crisis.
Nigerian militia called to Brass River terminal NIGERIA'S militia has been called in to enforce a curfew at the Brass River crude oil export terminal, according to ship agent Hull Blyth.
Indian cyclone casualties mount CASUALTIES in the cyclone that struck the Gujarat coast on June 9 are mounting.
Kandla Port rocked by cyclone INDIA'S west coast port of Kandla, has suffered Rs1bn ($25m) damage in the cyclone that ravaged the Gujarat coast earlier this week.
Vietnam launches foreign investment initiative FOREIGN investors have welcomed a new initiative launched by Vietnam's business capital, Ho Chi Minh City, to promote 100 per cent foreign-owned businesses.
Bangladeshi breakers demand tax exemption BANGLADESHI shipbreaking companies are demanding VAT exemption to help them compete with their Indian counterparts, which are already VAT exempt.
Ahlers prend le contrôle de l'expéditeur français CP Trans Le groupe Ahlers et le groupe français Dextra ont conclu un accord par lequel Ahlers acquiert une participation majoritaire dans l'expéditeur français CP Trans. Dextra maintient provisoirement une participation majoritaire dans CP Trans. Ahlers renforce de la sorte sa position en France et envisage de nouvelles expansions dans le secteur du transport de projets industriels dans d'autres pays européens.
Une reprise de THL par la SNCB s'inscrirait dans la logique des choses L'information reprise par plusieurs quotidiens et selon laquelle la SNCB serait intéressée par une reprise de THL (Thyssen Haniel Logistik), nous a été confirmée par plusieurs sources. Mais on s'est abstenu de tout commentaire à la SNCB, où l'on se contente de souligner que l'on "négocie avec diverses compagnies aux Pays-Bas, en Allemagne et en France". Une décision est attendue mercredi prochain, lors du conseil d'administration de Thyssen Handelsunion. Une fusion entre THL et ABX nouvelle version semblerait cependant logique.
Katoen Natie annonce trois nouveaux projets logistiques Katoen Natie signera la semaine prochaine le contrat pour la construction d'une plate-forme logistique pour une entreprise pétrochimique à La Plata, à 65 km de Buenos Aires, la capitale de l'Argentine. L'administrateur délégué du groupe anversois, Fernand Huts, a annoncé la nouvelle à l'issue d'une visite de travail à la plate-forme logistique de l'entreprise en Lorraine.
Settlement talk premature Reports suggesting that an agreement between Patrick and the Maritime Union of Australia is imminent are a long way off the mark, according to a party close to those discussions. The current gulf between the parties is said to be substantial raising the possibility of an intervention by banks.
Grain Corp backs branch lines NSW grain bulk handling company GrainCorp Ltd which had been critical of past state government strategies to cut rail costs through the closure of branch "feeder" lines in regional NSW has vowed to secure future branchline operations in the state. The promise came as GrainCorp commenced its first ever freight operation at Parkes last week.
Tokyo MOU agrees to tough ISM action Members of the Committee of the Memorandum of Understanding on Ports State Control in the Asia-Pacific Region agreed at a meeting in Seoul earlier this month to initiate tough action designed to ensure that ships visiting their ports comply with the International Safety Management Code from its enforcement on July 1. Under agreed guidelines for the ISM code, ships entering Asia-Pacific ports without ISM certification after that date would be subject to detention by Tokyo MOU member authorities.
UK blasts industry over sub-standard ships The UK government has called on all sectors of the shipping industry to build on the significant efforts some are already making to help the government break the vicious circle which allows sub-standard ships to operate. UK Shipping Minister Glenda Jackson said, "Sub standard ships operate because some in the shipping industry still help them to do so. In some sectors, there appears to be a vicious circle of avoiding commercial blames."
Japan-Aust rates to rise Freight rates from Japan to Australia will be going up from next month by $US100 per 20-foot container and US$200 per 40-foot container. A spokesman for Liner Shipping Services, which looks after the northbound trade confirmed the increase noting that it applied to southbound cargoes only.
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