Sanko in major fleet renewal Japan's Sanko Steamship says that its recent cluster of vessel sales is part of a long-planned fleet renewal programme rather than an indication of cash flow difficulties.
Second guilty plea in US bribes case US authorities have won their second guilty plea in the major criminal investigation of fraud and bribery in government contract awards to shipmanagement and repair firms.
Sanko expands into new trade sectors The recent diversification into offshore vessels and specialised open hatch bulk carriers gives Japan's Sanko Steamship exposure to five sectors of the shipping market.
SCI set to borrow $115m for tankers Government-owned Ship-ping Corporation of India (SCI) is trying to raise a minimum of $115m through external commercial borrowings, in order to part-finance the acquisition of four Aframax tankers.
Kvaerner Govan waits to see if it has won contract for icebreaker WORK starved Scottish shipbuilder Kvaerner Govan will discover this week if it has succeeded in securing a potentially lifesaving contract to build a hull for an icebreaker contracted at a fellow Kvaerner shipyard.
Smelter plan would boost port Kembla Port Kembla stands to gain a 1.7m tonne throughput boost if a A$3bn (US$2bn) plan to build an aluminium smelter in Lithgow, west of Sydney, becomes a reality, writes Kevin Chinnery.
'Titanic' restaurant venture so hard to swallow Bleeding wing tanks, and the role of the well paid shipping guru. A cook called Marco Pierre White apparently wants to open a restaurant in London (he is apparently a "celebrity chef", so he has several restaurants already, although even Escoffier only managed to be in one kitchen at a time!), called Titanic.
Eight dead as Faith sweeps Philippines Eight people were killed and scores missing in several sinkings when storm Faith hit the Philippines on Friday.
SIA simplification timetable due this week THE timetable for simplification of the Stevedoring Industry Award is expected to be outlined by the Australian Industrial Relations Commission this Thursday. This follows a report back hearing before Senior Deputy President Marsh on Friday in Sydney. The Commission ordered a further hearing this Thursday, followed by a conference on 9 February next year. After that date it is expected to become clear whether the parties will agree on the process or whether the matter will have to be conciliated. DCN sources said that while the parties were "forever hopeful" of an amicable settlement, the Commission's assistance may be required in resolving the matter.
Change of command at Zim JIM T. Heine will take over as managing director of Globe Star Shipping as from this Wednesday, 16 December. Mr Heine has been involved in transport (sea, air and road) both in Australia and New Zealand for 30 years, starting with seagoing time in the 1960s with the Union Steamship Company. Most recently he was employed by the Owens Group in specialist transport and project logistics based in Auckland. He is replacing Arie Steinweg who is returning to Israel after seven years in the position of managing director of Globe Star Shipping and Zim Lines' representative in Australia and New Zealand.
HK begins work on CT9 Hong Kong has every intention of remaining one of Asia's major container hub ports according to the territory's secretary for Planning, Environment and Lands, Patrick Lau. Mr Lau spoke last week at the signing ceremony of land grant documents for Hong Kong's Container Terminal No. 9 (CT9). He said construction of CT9 is important to Hong Kong not only because it will provide sufficient capacity to meet the long term demand of the container port, but it will also enable Hong Kong to rationalise the allocation of the terminals at Kwai Chung. "Following the rationalisation of the berths as part of the CT9 deal, there will be more contiguous berths at Kwai Chung, giving the operators more flexibility and capability to handle the larger container vessels being built by the international shipping lines," Mr Lau said.
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