Evergreen orders $290m boxships TAIWANESE shipping giant Evergreen has embarked on a further round of investment in new tonnage, ordering five 5,364 teu U-class containerships at Japan's Mitsubishi Heavy Industries.
Key French brokers set to merge FRENCH insurance brokers Philmar and Bidault de Bardy are to merge.
Paying high price of protectionism ONE of the greatest fallacies pertaining to Hong Kong is its reputation as a free market.
Far East blow to seaborne coal trade DESPITE the seaborne coal trade continuing to grow worldwide it will not reach the levels predicted two years ago, according the German coal importers' association Verein Deutscher Kohlenimporteure (VDK), Hamburg.
Kogas rules out more newbuildings OWNERS of South Korea's 17-vessel LNG fleet believe there will be sufficient demand to ensure cargoes despite the plunge in domestic LNG usage.
Master praises 'P&O Nedlloyd Southampton' THE P&O Nedlloyd Southampton, one of the largest containerships in the world, passed a critical test with flying colours last week.
Taca to consider deregulation in US TRANS-Atlantic Conference Agreement lines have set aside a day next week to consider how ocean shipping deregulation in the US may affect the group.
It's not a bad idea to have the players on your side I HAVE the greatest respect for Tony Lane, whose published work I first encountered under the imprint of Manchester University, but who now occupies the post of Director of the Seafarers International Research Centre at the University of Wales.
Engineers battle on two fronts In a dramatic escalation of the dispute between the Australian Maritime Safety Authority and the Australian Institute of Marine and Power Engineers, the safety authority has "laid up" its vessel, the Cape Grafton and threatened to employ alternative means to carry out the vessel's work. On Friday, the navigational services vessel, which has lain idle in Cairns as a result of the dispute, was moved to a mooring in the harbor. Engineers, members of the institute, were locked out of the ship on Thursday night, in accordance with the Workplace Relations Act, after refusing normal operations following the authority's decision to reduce the four engineering positions on board to three.
HK problems hit Aust freight Millions of dollars of Australian air freight bound for Hong Kong is expected to be held up at airports around Australia this week as HACTL -- the main air freight handling arm of the new Hong Kong airport -- grapples with the huge problems associated with its new cargo terminal. HACTL, which has been unable to move cargo except emergency supplies on passenger planes due to a breakdown in its computer system, said late last week it would extend the ban on cargo until 18 July to allow time to clear the backlog.
Toll, QR working through impasse Toll Holding's bid to gain access to Queensland Rail's linehaul service and facilities on the Brisbane-Cairns rail corridor appears to have reached a delicate stage, with neither party wishing to comment on details of the ongoing negotiations. The Toll-owned Carpentaria Transport, which has been seeking access to compete with QR in the movement of freight by rail in Queensland since 1997 successfully sought another adjournment to its Australian Competition Tribunal hearing last week.
MUA suspects new 'union-busting' push The maritime Union of Australia has foreshadowed a new waterfront battle, this time in the Western Australian port of Geraldton. Reacting to the Geraldton Port Authority's new "blueprint for the future," (DCN Friday) the MUA's assistant national secretary, Vic Slater, said it amounted to no more than "a new union-busting exercise." Mr Slater said lawyers Freehill Hollingdale & Page, employed by Patrick in its recent dispute with the MUA, had been contracted by the port body. He claimed all port employees stand to lose their jobs as the authority calls for companies to tender for stevedoring services.
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