Enterprises plans bond issue GREECE'S Restis family shipping group is aiming to raise $175m from a high yield bond issue through its Enterprises Shipholding company.
Patrick rejects cash draining allegations PATRICK chairman Chris Corrigan has rejected union allegations that the company drained the capital from its operating subsidiaries, before sacking its workers and getting the government to front up with severance pay.
K&N unveils record results KUEHNE & Nagel, the Swiss-based international freight forwarding and logistics company, has announced strong growth and record results for last year.
Easter break brings confusion EASTER and other religious holidays around the world exerted their traditional influence on the bunker market over the last few days.
Gambler's charter EVERYONE is agreed that port state control systems (PSC) of inspection represent the best way of rooting out the substandard operator, monitoring compliance with the International Safety Management Code and generally sorting out the maritime wheat from the chaff.
A nothing sort of day IT started fairly grey but the sun was beginning to break through as high tide approached. An 80,000 dwt Greek tanker was due to depart from Shell's Tranmere Oil Terminal as the ...
Legal move to end limit on charterers' liability CHARTERERS will in future be unable to limit their liability for claims made by shipowners seeking recourse or indemnity under a charterparty if an Admiralty Court ruling on April 7 is upheld.
Shipmanagement - a perspective from the 'shop floor' AS A member of an organisation actively involved in seeing improved standards in the shipmanagement industry, I was interested and somewhat disappointed to read the valuable views of shipmaster Captain Shridhar Nivas (Lloyd's List, March 12, 1998) in the seafarer's response to your shipmanagement feature (January 29, 1998).
MUA continues its legal mission THE Maritime Union of Australia (MUA) will be pursuing further legal action this week in an attempt to at least partially reverse Patrick’s move to employ an alternative workforce. This is despite the stevedore’s claim that that the decision by the federal court last Wednesday regarding an application by the MUA, preventing Patrick from dismissing its MUA workforce for seven days, will have no effect on the resumption of stevedoring operations at its facilities around the country. "The companies affected by the interim order no longer have the right to supply labour to nay other companies in the Patrick group," the company said. "The right to supply labour to Patrick facilities has been given to nine other companies including P&C Stevedoring."
ITF tells carriers to stay out of dispute THE International Transport Workers’ Federation (ITF) has warned shipping companies not to get involved in the dispute between Patrick and the Maritime Union of Australia (MUA). "This is clearly a politically-motivated affair," the ITF general secretary, David Cockroft, said. "Shipping companies will end up being used as pawns in an anti-union, government-sponsored game." Mr Cockroft said the ITF’s maritime affiliates are committed to international solidarity in support of the MUA in line with policy agreed in June 1997 in Miami.
ACCC warning on TPA THE Australian Competition and Consumer Commission (ACCC) has warned all participants in the current waterfront dispute that they must comply with the provisions of the Trade Practices Act, including the provisions introduced in 1997 concerning boycotts. "Industry participants must understand their obligations to comply with the Trade Practices Act," ACCC chairman, Professor Allan Fels, said. "If necessary, the ACCC will act swiftly to enforce the Act in the public interest. "The ACCC will enforce the Act fairly against anyone, whether they be businesses or unions and in the same manner as the Commission would enforce the Act against other anticompetitive practices. "The ACCC will investigate complaints about any alleged breaches of the law and will also initiate its own investigations where it observes possible breaches of the Act."
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