Western Bulk may cancel orders NORWAY'S Western Bulk Shipping group is considering cancelling an order for four semi-open hatch 45,000 dwt newbuildings from Sumitomo even though this may entail writing-off the NKr35m ($4.61m) invested in the project to date.
'Swan' deadlock over JAPAN yesterday agreed to allow 24 tonnes of nuclear waste from the British freighter Pacific Swan to be unloaded at the port of Mutsu-Ogawara.
Railway venture shunts TMM into $10.6m loss DIVERSIFIED Mexican transport company Transportacion Maritima Mexicana has posted a net loss of $7.1m in the fourth quarter of last year, compared with earnings of $19.2m in the same 1996 period.
Swire feels draught from Cathay Pacific SWIRE Pacific's Marine Services Division has recorded a 16.3% rise on attributable profit after tax to HK$450m (US$58m) in 1997, up from HK$387m the previous year. Overall, Swire Pacific's six major trading divisions delivered a net operating profit before tax of HK$9.799bn, down 5.03% from 1996.
US dockers win ruling on 'Jade' dispute US west coast dockers have received a split decision in court in their attempt to quash an employers' lawsuit stemming from demonstrations against the Neptune Jade last September.
Cyprus flag tops Canada detentions CANADA detained 38 of the 278 foreign-flag vessels that were boarded for port-state inspection during the final quarter of 1997, taking the full-year total to 118 detained vessels of 1,009 inspected, according to Transport Canada.
Malaysia push to create Port Klang load centre PRIVATE port terminal operators in Port Klang have been urged to be more aggressive in convincing both manufacturers to consign their goods through Port Klang and mainline operators to make Port Klang a regular port of call.
Calcutta turns in record traffic turnover CALCUTTA port trust has achieved record traffic turnover during the current financial year and expects to finish 1997-98 with cargo handling of around 28m tonnes.
Samskip acquires majority stake in Bischoff SAMSKIP, the Icelandic operator, has acquired a majority share in the German transport group Bischoff.
Royal Millenia bids $10m for Davie CANADIAN group Royal Millenia is reported to have made a bid for all the issued and outstanding shares in shipbuilder and repairer Davie Industries.
Chinese port operator to float JINZHOU Harbour Group Co, the Chinese terminal operator, is planning to make an initial public offering of 100m shares by the end of April.
N&T sells its last ferry N&T Argonaut has sold the passenger car ferry Graip to buyers in Asia in a move that signals the end of Nordström & Thulin's passenger shipping operations.
HK tug operator expands fleet HONG Kong Salvage and Towage has added two newly-designed harbour tugs to its fleet
Western Bulk renegotiates with Sumitomo WESTERN Bulk Shipping is in talks with Sumitomo Corp to renegotiate the terms of bareboat charter parties of four 45,000 dwt semi-open hatch newbuildings.
Nissos Amorgos master sentenced A VENEZUELAN judge has sentenced the captain of the Nissos Amorgos to one to three years in prison, one year after the vessel spilled 25,000 barrels of oil in Lake Maracaibo.
EXPO '98 charters three cruiseships EXPO '98 organisation is to charter three cruiseships as hotels for the world fair to be held in Lisbon this summer.
Waterfront predicts uncertain future NORWAY-based bulk shipping group Waterfront Shipping says that the economic situation in Asia makes the long-term outlook uncertain.
Privatisation moves ahead at Rio PRIVATISATION of Brazilian ports has moved into top gear with the signing of a 25-year concession to develop the two container terminals at Rio de Janeiro.
Crowley focuses on Mercosur market US shipping line Crowley has plans to establish itself in Brazil, in order to gain access to the growing Mercosur market.
Germany resurrects shipping aid programme THE German government has made a policy U-turn and will introduce a package of tax incentives and other measures to help Germany's shipping industry.
No extension, despite slow ISM compliance says IMO ANY extension to the July 1 ISM compliance deadline was ruled out by the chairman of IMO's Marine Safety Committee, Giuliano Pattofatto, speaking in Singapore this week.
NCL boost to Australian cruise market AUSTRALIAN tourism industry insiders say the entry of Norwegian Cruise Lines into the market will give the cruise sector a much-needed boost.
MUA bans overtime at Botany Bay UP to 5,000 outbound containers will be delayed in Sydney's Botany Bay terminal over the next week because of indefinite overtime bans imposed by the MUA.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
