Swedish budget snubs owners SWEDISH shipowners fail-ed to secure expected concessions in yesterday's spring budget - and this could lead to an acceleration of flagging-out.
Airtours buys fourth cruiseship AIRTOURS, the British tour operator, has paid $95m for another ship from Royal Caribbean Cruises, raising its fleet to four vessels.
Nenaco plunges to $4m loss despite revenue rise NEGROS Navigation Co (Nenaco), the Philippines' oldest domestic passenger and freight carrier incurred a Pesos153m (US$4m) loss for 1997.
Mozambique dock venture A JOINT venture is to be established between Mozambique's Public Corporation of Ports and Railways and Cornelder Holding of the Netherlands for a container and ordinary cargo dock in Beira Port in central Mozambique, writes Alan Dickey, Netherlands Corres-pondent.
Gothenburg experiences bumper year THE Nordic region's largest port, Gothenburg, broke through three barriers in 1997: 30m tonnes in volumes, 500,000 teu in container traffic, and SKr1bn ($125m) in gross turnover.
Price fall boosts China scrapping CHINA has resumed shipbreaking and scrapping work on vessels of above 10,000 dwt on the basis that it can make a profit in the light of the softening of the purchasing price of such a large vessels to $120-$130 per light tonne.
Ferry project raises the roof STAFF from lifting equipment specialist LGH Megalift have recently helped UK repair company Cammell Laird to undertake a major structural conversion project aboard the P&O European Ferries' 8,097gt European Endeavour, which literally raised the roof.
Commercial ship 'first' for Fleet Support FLEET Support Ltd (FSL) has dry docked its first commercial vessel since taking over the operation of the Fleet Maintenance and Repair Organisation (FMRO) at Portsmouth Naval Base in the United Kingdom writes Dale Wainwright.
P&O Scottish Ferries to replace fleet P&O Scottish Ferries is currently looking to build three new passenger/car ferries to replace the existing ships on the Scottish Isles routes out of Aberdeen.
P&O Nedlloyd newbuilding suffers delay P&O NEDLLOYD has confirmed that problems with the shaft generator on the first its four 6,674 teu containerships has led to a month's delay in delivery.
One in five non-compliant says IMO ONLY 78 per cent of ships covered by the ISM Code are expected to comply with the Code when it becomes mandatory on July 1.
Hutchison ties up Harwich purchase HUTCHISON Port Holdings has completed the acquisition of Harwich International Port on the UK's east coast.
UB and Bolt Med form joint service UB Liner Services and Bolt Med-Line are to start a new joint service this month linking the UK/North Continent and Mediterranean ports.
Savannah expands Garden City SAVANNAH port has taken delivery of two new post-panamax container cranes and is set to expand its Garden City complex.
Indian granite exports hit INDIAN granite exports have been hit sharply by the Asian currency crisis.
Corn shortage sparks Philippine imports PRESIDENT Ramos has approved the duty-free import of 300,000 tonnes of yellow corn by the state-run National Food Authority for local consumption.
Negros hits losses despite higher revenue PHILIPPINE shipping operator Negros Navigation posted a consolidated net loss last year despite a substantial increase in revenues.
Star Cruises orders two more ASIAN cruise operator Star Cruises has signed a letter of intent with German yard Meyer Werft to build two "Libra" class 85,000 gt cruise vessels.
Pickets block Australian ports MILLIONS of dollars worth of inbound and export cargo is stranded on docksides around Australia because of union protests about the sacking of 2,150 stevedores.
EC seeks Brittany Ferries subsidy explanation THE French government has been given one month by the European Commission to justify financial aid given to ferry operator Brittany Ferries.
Dedicated car export berth for JNPT TATA-NYK Transport Systems is planning a Rs400m ($10m) dedicated car berth at Jawaharlal Nehru Port.
Lawyers claim Nissos Amorgos documents withheld LAWYERS defending the master of the Nissos Amorgos have accused Venezuela's National Waterways Institute of withholding evidence.
Four Sepetiba bidders named BRAZILIAN authorities have announced that four international groups are interested in bidding for the Sepetiba superport, 80 km south of Rio de Janeiro.
PDVSA to invoke force majeure PETROLEOS de Venezuela is to invoke force majeure on its foreign supply contracts starting in May.
Carriers expand at Los Angeles SEVERAL deep-sea carriers are expanding their berthing facilities at Los Angeles.
California emissions meetings to continue EMISSION reduction options for the greater Los Angeles Basin area are to be discussed by shipowners, ports and the US Navy.
La Guaira charges to soar NEW port service fees are to be introduced in May at Venezuela's port of La Guaira with substantial increases in store.
Strike escalation waits on courts outcome Legal decisions will determine whether there will be a massive escalation of the waterfront dispute within hours. The Maritime Union of Australia's national secretary, John Coombs, warned yesterday of the escalation if Patrick were successful in getting an injunction against picketlines. "If they get an injunction we will escalate the dispute and escalate it very quickly," Mr Coombs said. Patrick said yesterday that it would apply to the Supreme Court in an effort to stop obstructions at its dock facilities.
GrainCorp gets own train set NSW grain bulk handling company GrainCorp Ltd and FreightCorp Ltd have signed a landmark agreement which allows GrainCorp to run its own freight train service on selected grain branchlines in south-west NSW. Under a heads of agreement signed by the two parties FreightCorp will employ Grain Corp under a sub-contracting arrangement to provide crews for trains along grain branch lines in the Temora and Parkes area.
Rail access could close gap, IC finds If the introduction of third party access to rail infrastructure is pursued vigorously by the NSW and Queensland governments, much of the 20 per cent productivity performance gap between coal freight services in Australia and their overseas competitors could be removed, according to the Industry Commission report on the black coal industry.
'Room for improvement' at coal ports While Australia's six coal ports generally compete well with their overseas counterparts, there is room for improvement in terms of their throughput and pricing levels, particularly at Newcastle where a capacity constraints has led to ship queuing and in turn high demurrage costs for Australian exporters, an Industry Commission report has found.
RTF convention gets underway The current and former federal ministers responsible for road transport, Mark Vaile and John Sharp, will appear at the Australian Trucking Convention '98 which begins today at Canberra's National Convention Centre. Mr Vaile will take part tomorrow in a debate on industry-related issued in the lead up to the next federal election with the Shadow Minister for Transport Lindsay Tanner, and a spokesman for the Australian Democrats. Mr Sharp will present an address at the convention on what effects changes in politics, logistics and manufacturing could have on the industry.
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