Pegasus in bid for panamax crown PEGASUS Shipping (Hellas), the Peraticos family company which raised $150m in the junk bond market, is embarking on a second phase of growth involving the acquisition of a further six panamax tankers.
Britannia takes strict line with Pertamina BRITANNIA Steamship, the P&I club, is reluctant to pay out minor claims to Indonesian state oil company Pertamina which has failed to pay all the premiums for its Protection and Indemnity (P&I) liability cover this year.
Time to sort out the mess in Indonesia THE word "Reformasi" is daubed everywhere in Jakarta these days. Not just on the headbands of protesting students or on walls, but in newpapers and across television screens, written by journalists revelling in their new found freedom of expression.
Demolition halted as scrap sector awaits budget news DEMOLITION activity has ground to a virtual halt as the scrap sector awaits the outcome of the budgets in Bangladesh and Pakistan.
Korea shipbuilders report 47% rise ORDERS for vessels from Korean shipbuilders are recovering strongly with a 47% rise in May over 1997. Order receipts during the month rose to 29 ships or 1.77m gt, according to the Korean Shipbuilders' Association.
Japanese union accepts LNG tanker crew reductions THE All-Japan Seamen's Union has accepted a LNG tanker owners' proposal to reduce by three the number of Japanese crewmen on board tankers for the Qatar LNG project.
Learning how to handle a ship. . .safely WOULD anyone disagree with me if I said that the greatest benefit conferred upon merchant shipping by the accelerated march of science during the Second World War was radar?
Waterford port leaves Bell behind THE offices of Waterford Harbour Board reek of the redolence of merchant shipping from times past, with a big, stone-floored entrance hall that leads to doors which tell of shipping news offices and telegraphed information, high-ceilinged rooms and an air of another era behind - the one in which Bell Lines dominated the port and the company's collapse shook the operation of Waterford Harbour to its foundations.
Katoen Natie devient un des premiers investisseurs belges en France Fernand Huts, président de Katoen Natie, a raconté à l'occasion de l'inauguration de sa plate-forme logistique de Farébersviller, dans l'Est mosellan, qu'il a récemment été invité par l'ambassadeur en France. Celui-ci lui expliqué que cette invitation était motivée par le fait que Katoen Natie est devenu un des cinq plus grands investisseurs belges en France. De fait, depuis son premier investissement dans une plate-forme logistique pour Solvay à Sarralbe, le groupe anversois a fait de la France son deuxième pôle logistique et y a déjà investi environ 3 milliards de BEF (dont un tiers en Lorraine). Huts a également levé le voile sur plusieurs nouveaux projets logistiques en France et dans le monde, auxquels nous avons brièvement fait référence hier (LL du 12.06.98).
J. Peacock (Fednav): "Notre hub anversois doit veiller à rester compétitif..." "La flexibilité est le mot clé à Anvers et elle s'y manifeste dans tous les domaines, qu'il s'agisse de la manutention, de l'entreposage ou d'autres secteurs qui nous concernent. C'est virtuellement un port libre de grèves, sa main-d'oeuvre y est fort expérimentée et elle travaille 24 h sur 24, sept jours sur sept. Son équipement est des plus modernes, approprié à tous les types de cargaisons, notamment les colis lourds, ce qui est important pour nous, car autrement nous les perdrions au profit d'autres ports et de lignes desservant la côte Est des Etats-Unis." J. Peacock, président de l'armement Fednav International Ltd. s'est montré particulièrement élogieux à l'endroit du port scaldien, que ses navires fréquentent au rythme d'une centaine d'escales chaque année en période de bonne conjoncture.
No levy on demestic cargo Domestic cargo, including motor vehicles accompanied at sea by passengers, will be exempt from the federal government's proposed stevedoring levy legislation, Workplace Relations Minister Peter Reith said on Friday. A spokesman said Mr Reith's decision was based solely on discussions with the Tasmanian government about how the Bass Strait trade might be affected by the imposition of the levies, intended to recover the cost of providing about $250 million in loans mainly to Patrick Stevedores to fund redundancy payouts for members of the MUA displaced as a result of the current waterfront reform process.
Webb Dock development crucial, says MPC The Melbourne Port Corporation has released its Web Dock environmental effects statement, and the report says that the MPC believes that "the provision of efficient berthing facilities at Webb Dock is crucial to ensuring the continued success of the port of Melbourne." The corporation says the estimate of trade throughput at Webb Dock in 1997-98 is 9.8 million revenue tonnes - about 25 per cent of the total trade throughput for the port for the same period.
Alliance clearance welcomed Last week's announcement that the alliance between Ansett Australia, Ansett International, Air new Zealand and Singapore Airlines has gained regulatory approval has been described as positive for the air freight sector. It remains unclear what effect he alliance will have on air freight rates into and out of Australia, but Australian Federation of International Forwarders chief executive officer Brian Lovell said the trend towards airline alliances in Australia and worldwide would be positive for forwarders and exporters.
Administrators to hear of 'positive' talks Talks between Patrick and the Maritime Union of Australia continued over the weekend in an effort to reach a negotiated settlement to their long-running dispute. Progress will be communicated this afternoon by both MUA national secretary John Coombs and Patrick chairman Chris Corrigan.
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