Hanjin pours $22m into troubled DSR-Senator HANJIN Shipping has pumped another Dm40m ($22m) into its German subsidiary DSR-Senator Lines, the president of Hanjin Shipping and chairman of DSR-Senator Lines Sohoo Cho confirmed yesterday.
Karl-Heinz Sager bows out IT WAS a spectacular farewell in Bremen's palatial Park Hotel. After 45 years in shipping, Karl-Heinz Sager said goodbye.
Sea Transport axes $160m bond issue JOHN Fredriksen's Sea Transport has dropped plans to raise $160m through a junk bond issue because the interest rate was considered too high.
Foreigners fill Manila facility share quota SHARES in International Container Terminal Services can no longer be bought by foreign investors as the company is nearing its foreign ownership limit.
Germans urge Dutch to abandon Rhine checks GERMAN shipping companies have demanded that The Netherlands adhere to European Union law and end the practice of requiring customs clearance for river/sea shipping on the Rhine.
ITF compiles Africa charter for seafarers A CHARTER for African seafarers is being compiled by the International Transport Workers' Federation, as the first step in a drive to boost their employment opportunites and conditions, writes David Osler.
Goutos bolsters services with high-speed ferry ATHENS-based Goutos Lines has bolstered its Aegean operations by commissioning a UK-built high-speed ferry on its services to the Cyclades Islands.
Carriers expand on transatlantic CROWDED transatlantic trades are about to become even busier with confirmation that three Asian carriers will expand their joint service later this year.
Congress to lift sanctions on India and Pakistan THE US House of Representatives has joined the Senate in voting to exempt agricultural commodities from the US economic embargo placed on India and Pakistan for nuclear testing.
Tanker masters jailed over collision MICHAEL Chalkitis and Jan Sokolowski, the masters of the tankers involed in Singapore's worst oil spill, were sentenced to short jail terms yesterday.
Malaysia detains non-ISM ferries MARITIME authorities in Malaysia have so far detained two regional ferries for failing to show ISM compliance.
Cubans confident embargo will be lifted CUBANS are confident that the US trade embargo will soon be lifted, according to diplomatic sources in Havana.
Irano-Hind adds feeder service IRANO-HIND, a joint venture between IRISL and SCI, has launched a new container service between India and the Middle East Gulf.
Strike averted on Canada's Atlantic coast THE threat of a strike on the Marine Atlantic ferry service between Nova Scotia and Newfoundland appears to have been averted.
Nordic American profits from BP charters NORDIC American Tanker Shipping, the Norwegian owner of three suezmax tankers on bareboat charter to BP, has reported a first half pre-tax profit of $4.9m.
St Lawrence grain shipments down THE dwindling supply of western Canadian export grain is being felt on the St Lawrence Seaway.
Baltic chairman bows out with good news OUTGOING Baltic Exchange chairman Eric Shawyer today announced a cash distribution for shareholders and a freeze on membership subscription rates.
Bulker sales hit Indian registry THE sale of bulk carriers by Indian shipowners this year has resulted in an overall decline in the Indian registry.
LA port hits new monthly record IMPORTS of Asian finished consumer goods has caused volume handled by the Port of Los Angeles to surge by 27 per cent in May compared with a year earlier.
Germany launches Dm1bn canal construction CONSTRUCTION of a giant bridge to carry inland waterway vessels has been launched in eastern Germany by transport minister Matthias Wissmann.
Singapore company to develop major Indian facility FOUNDATIONS for the Dhamra -Chandbali all-weather port on the coast of the Indian state of Orissa were laid by the state's chief minister yesterday.
Melbourne hits box throughput milestone MELBOURNE has become the first Australian port to handle more than 1m containers a year.
Declining traffic forces feedership co-operation DECLINING traffic has forced liner operators on the feeder route between Singapore and Calcutta to co-operate.
Red Funnel unveils upgraded third catamaran RED Funnel, the Southampton-based ferry operator, has unveiled its latest catamaran, Red Jet 3, which begins operations at the end of this month.
Australian warning on ship accidents AUSTRALIA'S Maritime Safety Authority has warned there could be a renewed spate of shipping accidents caused by a rise in the number of substandard ships.
Aust counting cost of HK freight crisis The temporary ban on air cargo at the problem-plagued Chek Lap Kok airport could have serious long-term implications for trade between Australia and Hong Kong, a leading Australian forwarder said yesterday. Reports from Hong Kong yesterday indicated that the Chek Lap Kok cargo crisis may not be resolved for a few months, with billions of dollars worth of freight expected to be stranded by the end of the nine-day ban on general air cargo this Saturday.
Engineers agree to manning cut on Sandra Marie The Australian Institute of Marine & Power Engineers has agreed to a manning reduction aboard the coastal bulk carrier Sandra Marie, although she remains decommissioned. A spokesman for the institute told DCN yesterday that the union had agreed to a three-month trial which would allow the Sandra Marie to operate with a crew of 11. This will comprise a master and two deck officers, a chief engineer and two engineers, four integrated ratings and a cook.
SPC finalises Botany leases Sydney Ports Corporation yesterday announced an agreement to lease previously vacant lots 11, 12 and 13 at Port Botany to Port Botany Container Park. The agreement was signed late last week and relates to the development of seven hectares comprising the vacant lots, which are bounded by Friendship, Bumborah Point and Simblist Roads. Port Botany Container Park intends to use the land to extend its container packing operations, and to establish a new facility for the storage and handling of containers.
Burnie set to oursource port control to Launceston The Burnie Port Corporation has reached an in-principle agreement with port of Launceston to transfer Burnie's marine communications operations to the northern port, possibly by October. The decision is understood to be based on the need to lower Burnie's operating costs following the payment of around $1 million in additional taxes since the port was corporatised a year ago and a drop in the number of ships visiting the port.
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