Rig market faces downturn RIG companies have received the strongest sign yet that the industry's recent boom time is coming to an end as the number of rigs working in the Gulf of Mexico slipped by seven last week to the lowest level since 1996.
Formosa Plastics orders VLCCs TAIWAN'S Formosa Plastics has implemented a further stage of its tanker newbuilding programme by ordering a pair of VLCCs at Japan's Ishikawajima-Harima Heavy Industries at a total cost of ¥20bn ($150m).
Minoan forecasts record 1998 profits MINOAN Lines, the Greek stocklisted ferry operator, said yesterday that an accident which is likely to keep its latest vessel out of service for three weeks would have no impact on the record profits it has forecast for this year.
DML group wins MoD submarine contract A MAJOR contract to provide in-service support to the Royal Navy's submarine fleet has been awarded by the UK Ministry of Defence to a consortium comprising DML, BMT Defence Services, and Systems Engineering & Assessment.
Hoverspeed warns over duty-free guidelines THE UK government's failure to produce clear guidelines on how the ferry industry should tackle the duty-free issue is hindering the ability to make investments and plan ahead, Hoverspeed Fast Ferries managing director Geoffrey Ede has warned.
French insurers see revenues drop FRENCH transport insurers saw their revenues fall 3.6% to FFrs12.8bn ($2.13bn) last year but were saved from a much heavier reduction by the rise in the value of the dollar, writes Andrew Spurrier, Paris Correspondent.
Philippines terminal sees box traffic rise INTERNATIONAL Container Terminal Services Inc, the Philippines' largest container terminal operator is projected to increase total box throughput to 1.8m teu by the end of this year.
Manila switch for Sea-Land HONG KONG-based Sea-Land Orient Administrative Services is to move operations to Manila within a year, Alec Almazan reports from Manila.
"Danzas et DFDS s'allient dans le groupage Danzas et DFDS vont s'allier dans le groupage et le lot partiel, et les deux groupes envisagent des liens financiers pour renforcer ce partenariat stratégique. Ceci signifie que DFDS se retirera de l'alliance TEAM et que Danzas trouve enfin un partenaire fort en Scandinavie, en remplacement de la coopération avec ASG, qui avait sauté il y a près de trois ans. La complémentarité géographique de DFDS et de Danzas est importante et leur alliance fait penser à celle entre Schenker et BTL, à la différence qu'une prise de contrôle de DFDS par Danzas semble exclue.
Un train EurailCargo direct Anvers/Autriche Un train EurailCargo supplémentaire entre Anvers et l'Autriche sera bientôt mis en service au profit de la clientèle du port d'Anvers. Ce train respectera le nouvel horaire de la SNCB, offrant deux départs par jour, et ce à partir du 27 septembre prochain. Ce train transportera principalement des matières premières pour la production de papier, des bananes ainsi que des produits chimiques en direction de l'Autriche et du papier, de l'acier et des engrais en sens inverse. A noter qu'un deuxième train direct effectue depuis plusieurs mois le trajet Autriche/Anvers.
Forte hausse du chiffre d'affaires de Hoyer en 1997 Le groupe allemand de transport par citernes routières et containers-citernes Hoyer a décidé de déplacer l'accent dans ses activités vers des systèmes logistiques intégraux. Dans ce contexte, il va renforcer son réseau à l'étranger. C'est ce qu'a annoncé le groupe hambourgeois à l'occasion de la publication de ses résultats financiers pour 1997. Ceux-ci sont qualifiés de "bons", entre autres grâce à une forte progression du chiffre d'affaires.
La 8e World Conference on Transport Research officiellement inaugurée à Anvers Luc Van den Brande, le ministre-président du gouvernement flamand, a inauguré la 8e World Conference on Transport Research (8WCTR) en présence de nombreuses personnalités hier. Cette manifestation, qui se tiendra du 12 au 17 juillet à Anvers, est organisée tous les trois ans dans un pays différent et se veut un point de rencontre du monde académique, des managers et des politiciens, un forum où la pratique et la théorie en matière d'étude de transport se cotoient. La 8WCTR est organisée par les départements d'économie de transport des universités d'Anvers (UFSIA et RUCA).
Time runs out for ACCC, MUA Time is rapidly running out for the Australian Competition and Consumer Commission to drop its proceedings against the Maritime Union of Australia. According to industry observers unless the action is stopped by the end of this week, the entire deal between Patrick and the MUA might be off. While there is no comment being made about behind the scenes efforts to resolve the situation, it is understood that certain documents were being considered by the parties yesterday with a view to an out of court settlement.
Mid-year changes for PSCs Conference carriers will adjust port service charges again in January to reflect the decision by the Sydney Ports Corporation to abolishes empty container charge. The chief executive officer of Liner Shipping Services Ltd, Llew Russell, told DCN yesterday it was unusual for a second adjustment to be made during the year. However, Mr Russell said the significance of the reduction warranted such a move.
Smooth start-up for bar coding Qantas Freight says the start-up of mandatory bar coding of all export shipments at the airline's freight terminals in Australia earlier this month had gone according to plan, with more than 70 per cent of forwarders now using the bar coding technology. Qantas has earlier indicated that it would, for a short time, help those who did not have the required equipment in place by the 1 July start-up date. Qantas is offering to provide the labels for freight lodged without a bar code, but the label would have to be applied by the forwarder before the freight is physically accepted.
Derailment blocks east-west line Freight trains on the main east west line were cancelled for 48 hours over the weekend after a Westrail goods train derailed near Kalgoorlie early Saturday morning. The track, which suffered extensive damage in the accident, reopened to traffic yesterday morning. Passenger services have returned to normal but east-west freight services were expected to be delayed for some days to clear the backlog.
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