Intertanko gets tough on ISM AT least 90% of the world's tankers are expected to comply with tough new maritime safety regulations by the July 1 deadline, according to the International Association of Independent Tanker Own-ers (Intertanko).
CMA-CGM may merge companies CMA-CGM group is considering merging its two main operating com-panies, east-west container operator Compagnie Maritime d'Affretement and north-south specialist Compagnie Generale Maritime.
New look for China Shipping CHINA Shipping Group has unveiled its first series of rationalisation moves following last year's merger activities.
USCG signs 'historic' spill response pact with industry THE US Coast Guard (USCG) and the Spill Control Association of America entered into what the association labelled "an historic agreement" during the group's annual meeting in Las Vegas.
Indonesian ships to meet ISM deadline INDONESIAN shipowners have angrily denied accusations that most of their ocean-going tonnage will face a worldwide ban after the International Safety Management (ISM) Code implementation deadline of July 1.
Cargo cash backing evaporating AS Indonesia slips into political chaos, financial backing for cargo flows is evaporating in the troubled archipelago.
Riga warned on Latvian Shipping sale LAVINIA Corporation, one of two short-listed firms vying to buy a significant stake in the Latvian Shipping Company, has said that any late changes to the tendering competition will be "very negative" for the government's privatisation plans.
Suicide at Korean shipyard A SOUTH Korean shipyard worker died yesterday after setting himself on fire in support of a cancelled general strike that found little backing from the public and little support from unions, according to a Reuters report from Seoul.
Bonn slammed for delaying tax reforms GERMAN shipping interests have criticised the government for its decision to delay shipping tax reform until after the general election in September.
Scrapping boom 'will boost capesize market' A DRAMATIC increase in the number of capesize carriers being scrapped will boost the market, according to P&O's bulk shipping chief, Karl Timmerman
Precious forecasts poor first half results BANGKOK-based handysize bulker operator Precious Shipping expects poor results for this year, according to md Khalid Hashim.
Baltimore Marine Industries picks up orders BALTIMORE Marine Industries - formerly Bethlehem Steel's Sparrow Point shipyard - has strengthened its orderbook since its acquisition by a New York-based venture capital firm.
Owners oppose Philippine rate hike FILIPINO shipowners are objecting to the increase in rental rates in government ports put forward by the Philippine Ports Authority in its bid to improve port facilities.
China, Taiwan agree straits accord CHINA and Taiwan have agreed to allow Evergreen and Yangming ships to sail from Kaohsiung to Chinese ports via third country ports, while Cosco will be allowed similar rights. ended two days of talks in Bangkok today on ways to speed up cross-strait shipping.
Danish lines lodge complaint over port ban TWO Danish shipping companies have lodged a complaint with Germany's federal competition office requesting the lifting of a ban on the use of the German port of Puttgarden.
N&T Argonaut merger wins approval SHAREHOLDERS at Nordström & Thulin and Argonaut have given their approval to the merger of the two Stockholm-based companies to form N&T Argonaut.
Ecuador's banana exports slip EXPORTS of Ecuadorian bananas fell by eight per cent in January compared with the previous year.
MUA ordered to halt Melbourne strike AUSTRALIA'S highest labour court has told the Maritime Union of Australia to end a two-week strike at Melbourne.
South Korean strike called off SOUTH Korean unions have called off a nationwide strike at the eleventh hour.
Singapore repair capacity 'may be cut' SINGAPORE'S crowded shiprepair capacity could be reduced in the next few years, according to the head of Keppel Singmarine.
Silja may list profitable ferry division JUKKA Suominen, md of the loss-making ferry company Silja Oy, has left the door open for possible future listing of its profitable Silja Line cruise ferry subsidiary.
RCCL share issue to raise $111m RCCL has unveiled plans raise around $111m through an issue of new shares at a time when its stock is trading just a fraction below its 12-month high in New York and Oslo.
Upgrade study for Old Managalore A FEASIBILITY study is to be undertaken to identify the possibilities of upgrading facilities in the Old Mangalore Port.
Intertanko reaffirms ISM commitment INTERTANKO'S executive committee reaffirmed its commitment to the ISM Code at its meeting in Vancouver.
Panama imposes draft restrictions IN response to a severe drought caused by the El Niño weather phenomenon, the Panama Canal yesterday set its first draft restriction in 14 years.
Lykes Lines devrait renouer avec le profit dès 1998 "Ne craignez-vous pas qu'en vous alliant avec APL/(NOL)/MOL, vous avez pactisé avec le diable? Dès la fin de l'année, ces deux membres de la New World Alliance et leur partenaire Hyundai vont lancer leur propre service sur l'AN et nul n'ignore que les"Alliances" n'ont rien de plus pressé que de dominer les trafics et d'éliminer les acteurs de moindre importance. A terme, Lykes Lines ne court-il pas un gros risque?" Réponse de Frank Halliwell, le CEO de Lykes Lines: "Nous ne sommes pas un acteur secondaire, nous contrôlons notre destinée et, en fait, sur l'Atlantique, nous sommes plus importants que les global carriers. De plus, ces armements allaient quand même rentrer dans le trafic et s'ils l'avaient fait avec une capacité de 4.000 TEU par semaine, ils auraient démoli le marché. Nous avons opté pour une solution rationnelle"...
Danzas adopte un nouveau plan de réorientation stratégique Danzas s'attend pour 1997 à une amélioration du résultat net, et ce grâce aux mesures prises ces deux dernières années dans le cadre de la réorientation du groupe. Ces mesures commencent à porter leurs fruits, mais la direction de Danzas a désormais décidé de poursuivre cette réorientation stratégique. Le but est d'accroître sensiblement la rentabilité et d'augmenter la valeur de l'entreprise pour l'actionnaire (shareholder value). Un nouveau programme quinquennal a été élaboré dans ce contexte. C'est ce qu'a annoncé le quartier général du groupe suisse. Les mesures les plus radicales sont à attendre dans le secteur de la messagerie.
CGM rejoint Delmas/SCL/DAL sur l'océan Indien et l'Afrique de l'Est Pour la desserte des îles de l'océan Indien et de l'Afrique orientale, le groupe CMA-CGM va joindre ses forces à celles de SCL, Delmas et DAL, qui coopèrent déjà sur cette route. L'accord prend effet début mars. Il se traduit notamment par l'abandon de l'escale de Dar-es-Salaam, qui sera désormais desservi en transhipment via l'Afrique du Sud (par l'intermédiaire de SAECS), et par l'introduction d'un navire de CGM dans le service containérisé exploité par ses nouveaux partenaires. Le rapprochement est expliqué de part et d'autre par la volonté de rationaliser les moyens mis en œuvre et d'améliorer l'offre de service.
Sally UK pousse Silja dans les chiffres rouges Pour la sixième année consécutive, Silja Oy A/B, la société-mère de Silja Line et Sally UK, a conclu l'année sur un déficit suite aux résultats exécrables de sa filiale britannique. Rappelons que Sally UK est le propriétaire du port de Ramsgate et exploite le service entre Ostende et Ramsgate avec Holyman. Afin de protéger le nom Silja, le holding sera rebaptisé en Neptun Maritime.
The International Brotherhood of Teamsters and the less-than-truckload industry have embraced five years of labor peace in record speed. In the earliest conclusion to a national trucking contract since Jimmy Hoffa negotiated the first National Master Freight Agreement in 1960, the Teamsters union and management negotiators for four long-haul LTL carriers reached a tentative five-year agreement seven weeks before the expiration of the current pact.
Key lawmakers are squabbling over how fast the Senate should move on legislation reauthorizing the Intermodal Surface Transportation Efficiency Act. Senators in favor of maximizing the amount of money that can be spent on highways and mass transit are pushing for immediate action on an ISTEA bill, while proponents of a smaller proposal want to wait until new budget estimates come out in April.
Two shipper groups, tired of fighting uphill battles against creeping rate hikes from a 50-year-old classification system they say is stacked against them, are urging the Surface Transportation Board to pull antitrust immunity from the National Classification Committee. But NASSTRAC and the healthcare conference did throw a bone to the NCC. They identified several services now performed by NCC that are worthy of continuing and do not require antitrust immunity.
Illinois Central Corp. agreed to be acquired by Canadian National Railway, continuing the spate of rail combinations. A CN-IC combination would create a martini-glass-shaped system, IC's north-south line providing the stem. The two together would form an 18,700-mile system whose $3.7 billion (U.S.) annual revenue would make it the fifth-largest railroad in North America, assuming the division of Conrail is completed.
Maersk Line plans to make another dent in the African trade by going back to its roots - carrying breakbulk cargo. While most ocean carriers these days are figuring out ways to put more things into containers and more containers on ships, Maersk - which has launched some of the biggest containerships built - has started a new service from the U.S. Gulf to West Africa that includes breakbulk commodities. Other carrier executives say this is just the start of Maersk's ambitious expansion plans.
The "other" Dutch airline has become a wholly owned subsidiary of its chief rival. Martinair Holland was bought by KLM Royal Dutch Airlines. KLM, which already owned 50 percent of the company, bought out the remaining 50 percent of shares from Royal Nedlloyd N.V. Martinair expects few changes from the new ownership arrangement, noting that holding on to its autonomy is central to the deal. As far as cargo goes, Martinair believes it is "the" Dutch airline.
Warehouses are not just for inventory storage anymore. That is the not-exactly-shocking conclusion of Professor Dale Rogers, director of the Center for Logistics Management at the University of Nevada-Reno. Over the past five years, according to a new study by Rogers, the public warehousing industry has broadened its horizons beyond merely providing storage space. The study is based on interviews with third-party logistics providers, warehouse customers and industry experts.
The FAA will have more than 200 mission-critical computer systems ready for the century date change by the end of this year, Federal Aviation Administrator Jane F. Garvey said at a congressional hearing. The initial assessment of all mission-critical systems - including air traffic control - was completed by Feb. 3, Garvey said. In addition, FAA has appointed a Y2K program manager, Raymond A. Long, who has been overseeing the effort to fix year 2000 bugs in the administration's air traffic systems.
Even though Canadian National Railway has the cash to take over the Illinois Central, both it and Canadian Pacific Railway are the poor cousins of the North American rail industry, according to a report by the IBI Group commissioned by the carriers. The report was released in the wake of CN's and CP's announcements that they each made healthy profits in 1997. In spite of that, the report concludes they have a long way to go to catch up with their U.S. counterparts.
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