Cammell buys Wear Dockyard BRITISH ship repair group Cammell Laird is to acquire Wear Dockyard Group in a deal worth '32.68m ($53.61m), ending over a week of speculation that it was in discussions over a "substantial" UK acquisition.
Beijing calls for end to US discrimination A senior official from China's Ministry of Communi-cations has expressed Beijing's "strong dissatisfaction" at what he termed "continued discrimination" by the US against PRC ships visiting US ports.
Weir profits grow in difficult times WEIR Group, the engineering services and products company, achieved a modest pretax profit in the first half of 1998, in market conditions which were described as difficult by chief executive Sir Ron Garrick.
Consortium buys into Gopalpur port project AN international consortium comprising International Ports of Singapore and primarily promoted by US-based Raytheon Corporation and Ferrostahl of Germany, will pick up the lion's share of the equity in the Gopalpur port project, situated in the eastern Indian state of Orissa.
Ukraine backs Okean loan Ukraine's government is to guarantee a $232m loan by a Japanese bank to Okean, its third-largest shipyard, a spokesman for the government has revealed.
Sembawang clinches FPSO deal SINGAPORE's Sembawang Shipyard has finally sealed a contract to convert the suezmax tanker Prostor 2 into a Floating, Production, Offloading and Storage (FPSO) vessel for the SMB Company of Monaco.
Korean yards widen appeal EFFORTS by South Korea's two leading shipbuilders to broaden their customer base have paid dividends with both Hyundai Heavy Industries and Daewoo Heavy Industries securing newbuilding orders worth close to $170m from first time customers.
Kuehne & Nagel posts strong profit SWISS-headquartered transport and logistics group Kuehne & Nagel has predicted that its year-end profits will top SFr80m ($53.2m) after "a pleasing" half year performance.
Hamburg rides the Asian crisis CONTAINER growth through the port of Hamburg surged by nearly ten per cent in the first six months of this year despite the economic crisis in Asia.
Neste Shipping to get new parent NESTE Shipping, the shipping division of the Finnish oil company Neste, will get a new parent from the beginning of next year.
Bunker calls hit at Colombo THE number of ships calling at Colombo for bunkers has fallen by over 50 per cent in the seven months to July.
Odfjell and Hoyer set up tank container venture ODFJELL, the Norwegian chemical carrier group and Hoyer, the German tank container operator, have agreed to form a joint venture to market and operate tank containers.
Tamil Tigers release Indian seafarers TAMIL Tiger rebels have freed 17 Indian seafarers from a ship hijacked by them and later bombed by Sri Lankan air force jets, but four Sri Lankans are still in captivity.
Sydney posts sixth record box throughput SYDNEY Ports Corp has posted its sixth consecutive increase in container throughput.
Kværner chief scotches takeover rumours KVÆRNER chairman Christian Bjelland has poured scorn on rumours that the company is close to a merger with Aker RGI.
Cammel Laird swoops on Wear UK-BASED ship repair group Cammel Laird has acquired rival Wear Dockyard Group for '32.7m ($53m).
Ro-ro newcomer launches Turkey-Italy route A NEW Turkish ro-ro operator has started a service linking with Tekirdag in Turkey with the Italian port of Trieste.
Gioia Tauro achieves port authority status ITALY'S southern hub port of Gioia Tauro has been granted port authority status after achieving a throughput of 1.4m teu last year.
Petromin seeks to renegotiate contracts PETROMIN, the struggling Romanian owner and operator, is trying to renegotiate bareboat, management and joint venture contracts.
CDC takes stake in Pipavav COMMONWEALTH Development Corp, a British overseas development finance institution, is taking a minority equity stake in Pipavav private port in Gujarat.
Indian seamen win big wage hike WAGE bills of Indian shipping companies will increase by 15 to 20 per cent following an agreementwith the seamen's unions on August 17.
Delaware ports lift productivity FOR the second consecutive year, the Delaware River ports are reporting an improvement in labour productivity.
Indonesian calls for 'force majeure' CALLS are growing in Indonesia to consider the possibility of declaring the country's present economic crisis a force majeure.
Kühne & Nagel vise un bénéfice net de plus de 80 mio. de CHF en 1998 Avec un chiffre d'affaires en hausse de 13,2% et un bénéfice net en hausse de 11%, le groupe Kühne & Nagel estime que le premier semestre 98 a été "réjouissant" du point de vue financier. Pour l'ensemble de l'exercice, et sauf circonstances extraordinaires, K&N s'attend à un bénéfice net supérieur à 80 millions de CHF. Pour rappel, il fut de 76,9 mio. de CHF en 1997.
Matadi fait l'objet d'une surcharge pour risque de guerre Aux dernières nouvelles, le port de Matadi, occupé depuis samedi dernier par les forces rebelles, est désert, tandis que plusieurs navires y sont bloqués. Les cargaisons qui y sont destinées prennent le chemin d'Abidjan ou Pointe Noire.
FMC-Chine: rien ne va plus... Après le différend avec le Japon, c'est maintenant vers les autorités de la RP de Chine que se dirigent les foudres de la Federal Maritime Commission (FMC) suite aux multiples plaintes émanant tant d'armements que de groupeurs NVO américains, qui se déclarent victimes de discriminations. La FMC a d'ailleurs entamé une enquête à ce sujet (voir LL du 13/08/98).
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