Clarkson in '8m share buyback SHIPBROKING company Horace Clarkson has announced an '8m ($13.1m) share buyback and set out on the acquisitions trail, but failed to shake off its takeover pursuer, shipping services group Charles Taylor.
Ministers scupper bid to save duty-frees EUROPEAN Union finance ministers have killed off any prospect of saving duty-frees which are due to be abolished in June next year.
Coflexip Stena lifts first-quarter profit SUBSEA oilfield service specialist, Coflexip Stena Offshore, has continued to build on the recovery it made last year, reporting net first-quarter consolidated profits of FFr132m ($22.3m) compared with FFr5m a year ago.
Gore urges action over polluted sites VICE-president Al Gore has demanded that the US Congress "stop holding communities hostage to polluters" and quickly approves a $650m fund to clean up 171 polluted Superfund sites during financial year 1999.
Orient Overseas plans more boxship orders ORIENT Overseas Container Line is looking to expand its fleet of post-panamax containerships with a set of fresh orders in the second half of 1998.
EC proposal on ferry manning angers owners EUROPEAN shipowners have hit back at European Commission proposals on manning conditions for crews employed on passenger and ferry services operating between European Union member states.
Indian firms forced to sell or scrap ships INDIAN shipping companies, unable to withstand the pressure of a squeeze in international credit, coupled with the current rock-bottom freight rates, are seeking to sell their vessels, rather than add to their fleets.
ASRY first quarter sales meet expectations TANKER repairs deferred from the end of last year by owners taking advantage of the higher freight rates helped sales at Bahrain's ASRY to peak at $8.4m in March, the highest monthly figure since the record of $9.3m in February, 1997.
Columbus moves against ILWU COLUMBUS Line has initiated legal proceedings against the International Longshore and Warehouse Union over its refusal to discharge a containership.
P&O Ports, MTL in accord on Shekou P&O Ports and Modern Terminals (MTL) of Hong Kong have reached an agreement to jointly manage Shekou Container Terminals from June 1.
Grand Princess to leave yard tomorrow THE delayed delivery of the cruiseship Grand Princess is on schedule for tomorrow,according to Gwyn Hughes, md of P&O Cruises.
Keppel Singmarine wins tug order KEPPEL Singmarine Dockyard has won a contract to build four 30 m harbour tugs from repeat customer Keppel Smit Towage.
Sino-Korean trade growth may end ASIAN financial turmoil may put an end to the strong growth momentum enjoyed by Sino-South Korean trade over the past five years.
Yen slides to lowest rate since 1991 THE Japanese yen rested at 135 to the dollar today, the weakest rate against the US currency since 1991.
NCL to order up to four newbuildings NORWEGIAN Cruise Line has signed a letter of intent to build one option three 2,000 passenger capacity cruiseships at Lloyd Werft in Germany.
Pertamina plans own oil trading division INDONESIA'S state oil and gas company Pertamina is planning to set up its own trading division to handle crude oil and fuel imports,
Philippine schools get STCW deadline THE Philippines' Commission on Higher Education (Ched) has given all maritime schools until March 1999 to comply with the revised STCW '95.
CP Ships-Lykes deal imminent CP Ships is close to a deal with MarAd that will allow CP to receive $6m in US government subsidies for the operation of three vessels purchased from Lykes.
Colombo throughput exceeds capacity COLOMBO port overcame severe difficulties last year brought about by capacity limitations and significantly improved productivity, according to Sri Lanka's Central Bank.
ABP to acquire Exxtor ASSOCIATED British Ports is to buy Exxtor Group Shipping Services, the shipping and transport company.
No end in sight to Flebasa/Huelva dispute SPANISH shipbuilder Astilleros de Huelva sees no end in sight to the conflict with ferry company Flebasa over non-payment for the 9,850 gt Manuel Azana.
Links between unions to be investigated AUSTRALIA'S anti-trust watchdog is to investigate an accord which links the two principal maritime unions in Australia and New Zealand.
Services to Indonesia resumed REGIONAL shipping lines have resumed services to Indonesia's main port, Tanjong Priok, in the wake of serious disruptions last week.
Indonesians brace themselves for May 20 turmoil MEMBERS of the Asian shipping community are bracing themselves for further turmoil in Indonesia following tomorrow's scheduled 'Awakening Day' demonstrations.
Giraud prend le contrôle de Stock Inter Les rumeurs qui circulaient depuis quelques jours en France, ont été confirmées mardi matin au cours d'une conférence de presse: le groupe Giraud a pris le contrôle de Stock Inter, le groupe Grimaud conservant une participation de 33%. Giraud porte ainsi sa capacité d'entreposage totale à 500.000 m2 et son chiffre d'affaires en logistique à un milliard de FRF. Ceci lui permet de devenir le numéro quatre du secteur et de se hisser au même niveau que Norbert Dentressangle. Ce dernier a acheté en décembre dernier United Transport Logistics (UTL); cette opération avait porté son CA dans la logistique à 1,1 mia. de FRF et sa superficie d'entreposage à 700.000 m2.
ABP offre 6,3 mia. de BEF pour la reprise d'APS Les conseils d'administration d'Associated British Ports Holdings et d'American Port Services ont officiellement annoncé l'offre de reprise faite par la partie britannique sur toutes les actions émises ou encore à émettre inhérentes au capital de la firme américaine APS, offre cash, qui porte sur un montant de 106 millions de livres sterling, soit 6,3 milliards de BEF.
Van Ommeren Anvers développe son propre logiciel pour l'expédition Il y a trois ans, la division d'expédition de Van Ommeren Anvers décidait de développer son réseau informatique, qui devait en outre devenir un instrument de travail flexible à tout point de vue. Jan Van der Borght, qui dirige l'expédition générale, avait entamé à cette date une étude comparative, mais celle-ci n'avait pas donné les résultats escomptés. Un grand nombre de producteurs de logiciels déclarent disposer d'un software adapté aux besoins des expéditeurs, mais aucun ne satisfaisait aux demandes de Van Ommeren. Cela s'explique par le fait que très peu d'entreprises de logiciels font la distinction entre une agence, une entreprise de groupage et une société d'expédition. Un logiciel informatique adapté constituait dès lors un créneau encore inexploité, auquel Van Ommeren et Logas, tous deux "partenaires" d'IBM, se sont attaqués l'année dernière.
Cosco démarre en juin sur la route Europe/ Amérique du Sud côte Est Cosco se lance sur la route Europe-côte est de l'Amérique du Sud. La perspective que nous évoquions dans ces colonnes à la mi-janvier, va se concrétiser en juin prochain. Toutefois, l'armement procède à une approche très prudente de ce marché devenu particulièrement difficile, en ce sens qu'il affrète un certain nombre de slots tant northbound que southbound auprès d'un des grands de ce trafic, en l'occurrence l'armement CSAV.
Maritime union to persist The national secretary of the Maritime Union of Australia, John Coombs, yesterday rejected the federal government's advice to accept the recommendations of the administrators of the Patrick labor hire companies. Mr Coombs said he had now obtained the proxies of his members, Patrick employees, which he would use at the creditors' meetings which would be held over the full day in four cities.
Austal shows off its biggest offering Austal Ships showcased its latest superseacat offering to the Perth media last week when it hosted a "busman's holiday" on board the 86-metre Adnan Menderes. The vessel, named after Turkey's longest serving Prime Minister is part of a two vessel contract worth $120 million for fast ferry operator, Istanbul Deniz Otobusleri.
NFF: no attack on MUA The National Farmers Federation's establishment of P&C Stevedores was never intended as an attack on the Maritime Union of Australia, Donald McGauchie said yesterday in his last speech as the federation's president. He said most of Australia's unions had already implemented reforms to lift their industries' efficiency, and that "all anyone asks from the people on the waterfront is that they do what the rest of Australia has already done."
Tugs and barges finding new opportunities At a time when shipping companies in the trans-Tasman and some Pacific islands trades are feeling the effects of overwhelming competition from the international lines, areas such as the business of operating tugs and barges for are being actively developed.
Melb Airport confident about access issues The privately owned Melbourne Airport remains confident it can reach agreement with the Australian Competition and Consumer Commission over third-party airport access issues, despite last week's rejection of its access undertaking by the ACCC. The sticking points are believed to related to issues of access pricing and definition of standards.
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