Funding blow for ResidenSea RESIDENSEA, the private company planning to build the world's first floating resort, was forced yesterday to postpone for three months a plan to raise $190m on the Olso stock market.
China and Taiwan in sea trade link talks CHINESE and Taiwanese container lines are holding discussions on the reciprocal opening of direct deep sea trades across the Taiwan Strait.
Rates continuing to weaken CONTAINERSHIP charter rates remain under pressure, with the twin forces of the Asian crisis and newbuilding activity continuing to push down the market.
UK small firms count cost of monetary union A THIRD of British small company owners believe that the single currency will be bad for business, according to a UK survey on attitudes towards European monetary union (EMU), writes Karen Thomas.
US rail regulator set to gain increased power THE US Surface Transportation Board, which has reaped both praise and derision for its handling of the long-running Union Pacific Railroad imbroglio, would gain expanded powers to police rail freighting under controversial legislation filed by US Senator Kay Bailey Hutchinson.
Finnish market first for Rina REGISTRO Italiano Navale (Rina) has entered the Finnish market for the first time, reinforcing its position in the passenger vessel sector by beating off stiff competition from Lloyd's Register.
Dronik to survey wreck of cargoship 'Rema' ABERDEEN-based Dronik Consultants is to undertake a survey of the wreck of the general cargo vessel Rema, which sank in the North Sea in April with the loss of four crew.
Intertanko hails ISM code success INTERTANKO yesterday announced that all full members required to have International Safety Management code certification by the July 1 round one deadline had attained documents of compliance.
Sharp fall forecast for Ecuador's banana exports EXPORTS of bananas from Ecuador could drop by 25 or 30 per cent this year because of flooding caused by El Ni'o.
Finmare restructure may be based on Tirrenia FINMARE's latest restructuring plan involves a massive fleet of 90 cabotage vessels based on Tirrenia as a holding company.
Trygg-Hansa sells marine insurance division SWEDISH insurance group Trygg-Hansa, part of SE-Banken, has signed the final contract to sell its Industrial & Marine division to the Swiss Zurich group.
China 'implicated in Petro Ranger hijacking' PIRACY experts at today's Marine Risk Management seminar in London all but named China as being behind the hijacking of the Petro Ranger.
Co-operation was only option says Alianca ALIANCA president Carlos Fischer told Fairplay this week that it had become essential for the Brazilian line to co-operate with foreign companies.
Italian second register attracts 100 ships ONE hundred Italian ships have applied for registration under the country's one-month-old second register, according to the head of the shipowners' association.
Complacency 'greatest threat to reefer sector' THE greatest threat to conventional reefer vessels is not the container operator, but compla-cency and misreading of customers' needs, according to the chairman of OOCL (Europe).
Colombo terminal disrupted for second time OPERATIONS at the Jaya Container Terminal (JCT), Colombo port's main container facility, were disrupted for the second time in three days on June 16.
Philippine port charges set to rise CARGO handling rates in Manila North Harbour are set to rise by 12 per cent in an attempt to appease port workers.
Costa Rica plans mega port-city PLANS for the creation of a port city in the province of Limon on Costa Rica's Caribbean coast, have been released by development firm OSI Proyectos.
Lloyd Werft to lengthen Norwegian Majesty LLOYD Werft has won a $53.3m contract from NCL Holding, the Oslo-based parent of NCL Cruises, to stretch the 32,000 gt Norwegian Majesty.
Safety awareness may account for fewer accidents AN eight month lull in major activity at a Singapore-based oil spill reaction unit may be due to an increased awareness of safety procedures in the maritime industry.
Fremantle wharfies first to accept new deal WHARFIES in Fremantle have become the first in Australia to accept a new deal to end a six-month dispute with the Patrick stevedoring company.
Finmare reports huge loss FINMARE, which encompasses Italy's state owned shipping companies, has reported a loss of Lire70.7bn ($40.5m) in 1997, compared with a profit of with Lire10.6bn for 1996.
Strasbourg a la possibilité de desservir des unités de 500 TEU Pour le port autonome de Strasbourg, l'exercice 98 se déroule dans les meilleures conditions et si les tendances actuelles se maintiennent, il lui sera possible d'afficher de nouveaux records. A l'issue des 5 premiers mois, le trafic des containers, tous les modes de transport confondus, était en progression de 35%, avec 43.967 mouvements contre 32.359 pour la période correspondante de l'année précédente.
Les ministres européens du Transport approuvent les contrôles mobiles des camions Les ministres européens du Transport réunis à Luxembourg sont tombés d'accord sur les inspections ponctuelles des poids lourds, des autobus et des remorques le long des routes. Cette mesure doit permettre de contrôler si le trafic routier respecte les normes environnementales et d'améliorer la sécurité. Les contrôles seront principalement axés sur la qualité des freins, le poids autorisé et l'émission de CO2.
Contaz Line veut faire d'Anvers le port de base d'un nouveau service breakbulk "En un an, nous avons plus que doublé notre trafic à Anvers. Ce port intervient désormais pour 70% de nos volumes southbound, alors que précédemment, notre service containérisé sur la Turquie, la Grèce et la mer Noire était axé sur Rotterdam. Nous envisageons de lancer d'ici un an un service conventionnel/breakbulk sur la même route. Ce service aura lui aussi Anvers comme port de base." C'est ce que nous ont déclaré les représentants de l'armement Basco Shipping & Trade lors de leur passage dans les bureaux de leur agent anversois Ahlers Bridge à l'occasion d'une manifestation organisée pour la clientèle(1).
Gefco Anvers veut doubler son chiffre d'affaires en deux ans La société française de transport et de logistique contrôlée par le groupe automobile français PSA a créé il y a plusieurs années une filiale baptisée Gefco Benelux (avec siège à Oosterhout) pour optimaliser la distribution de ses véhicules dans les trois pays de cette zone. Pas moins de quatre filiales ont été créées en Belgique: Ath (Ghislenghien) pour la distribution des véhicules Peugeot/Citroën dans le Benelux, Anvers pour l'exportation d'outre-mer de ces véhicules et l'expédition de diverses, Bruxelles/Zaventem pour le transport aérien, et Braine-l'Alleud pour les diverses. La filiale anversoise veut doubler son chiffre d'affaires en deux ans en se concentrant davantage sur la prestation de services à des tiers et en opérant de manière plus indépendante de la société-mère.
Maritime union hopes reality' will prevail The Maritime Union of Australia was hoping that yesterday's national stopwork meeting would provide a platform for next week's crucial stopwork meetings which will decide whether to accept the agreement about to be concluded with Patrick. According to industry sources, the union hopes that "reality will prevail," although no one is under-estimating the task of selling the agreement to Patrick's rank and file members, 51 per cent of whom are to lose their jobs.
ANSCON pushes for higher Taiwan rates Members of the Australia Northbound Shipping Conference will embark on a rate restoration program for shipments to Taiwan. An ANSCON spokesman said the combination of severely depressed freight rates and increased costs could not continue indefinitely if member lines were able to afford to maintain what he described as an excellent direct service to Taiwan.
Port spat nears resolution An inter-governmental spat that threatened to derail plans for a $40 million bulk commodity import-export facility in the port of Melbourne appears to have been resolved. DCN understands that certain arms of government were unhappy at having the "dirty" facility, so close to the upmarket, high-tech, residential Docklands development precinct.
Bidders line up for Optima rail contract Tenders for col haulage and infrastructure management along the 250km rail line between Leigh Creek and port Augusta and South Australia close this week, with many of Australia's biggest rail operators and service providers expected to make bids for the lucrative contract. State-owned operators FreightCorp, Queensland rail and Westrail could possibly make surprise bids to join National rail and Australia Southern Railroad as bidders for the coal haulage task for SA's Optima Energy the power generation arm of the old ETSA.
Kembla outlines ambitious plans for growth Port Kembla Port Corporation's plans for new Inner and outer Harbour facilities were discussed at a meeting with the state committee of the Australian Chamber of Shipping at Wollongong on Wednesday. The Corporation's chief executive Philip McGavin, said that in the inner Harbour new extended multi-purpose deep-water berths backed by hardstand aprons could service port user needs ranging from vehicles to timber products concentrates to concrete and gypsum to general cargo.
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