Agreed bid for Willis Corroon NEW York buy-out specialist Kohlberg Kravis Roberts is leading an '851m ($1.4bn) takeover of Willis Corroon, the fourth largest insurance broking group in the world.
Welding work clue to 'Ecstasy' blaze FIRE which damaged the stern area of the 70,000 gt cruiseship Ecstasy on Monday may have been caused by sparks from a welder's torch, according to the vessel's owner Carnival Cruise Line.
Latin trades give stability to panamaxes AS CRUDE import patterns shift, the panamax tanker sector should not be overlooked or underrated as an attractive investment, a leading shipping consultant has stressed.
Color Line bookings and income increase COLOR Line has predicted a significantly better annual result on the back of healthy bookings and a 10% growth in six month gross revenues.
Senate battle looms on OECD shipbuilding Bill A NEW strategy to push forward the US Senate's long-pending OECD Shipbuilding Agreement Implementation Bill may become a major battleground between the majority Republican and minority Democratic parties.
Strikers bring airport chaos to Johannesburg
Nigeria frees 'hostage' crew SOME of the 27 Ukrainian seamen who have been detained illegally in Nigeria for nearly a year were finally freed yesterday.
Portugal seeks to break strike PORTUGAL has moved to break the current marine pilots' strike by suspending requirements for vessels to use pilots when entering or leaving port.
Detained seafarers may have been freed ATTEMPTS to free 27 Ukrainian seamen, illegally detained aboard their ship in Sapele, Nigeria, since September last year, appear to have met with some success.
Buquebus owner rumoured to have acquired rival FERRYLINEAS Argentinas is rumoured to have been acquired by a consortium led by Buquebus owner Juan Carlos Lopez Mena.
Egypt loosens grip on agenciess EGYPT has loosened its grip on ship agency services for vessels transiting the Suez Canal or making port calls, but competition is not as open as it seems.
Sri Lanka to implement oil spill contingency plan SRI Lanka's Marine Pollution Prevention Authority (MPPA) said today that it planned to implement a long-dormant National Oil Spill Contingency Plan.
Jurong in bulker asset swap REPORTS from Singapore suggest Jurong Shipyard (JSL) is buying three bulk carrier owning companies from its parent, Sembawang Corp, in order to put its funds to better use.
S&P downgrades Pertamina's insurer STANDARD & Poor's has downgraded its financial strength rating on Tugu Insurance Co, the captive insurer for Indonesia's state owned oil company Pertamina.
Nor-Cargo to expand Aberdeen links NOR-CARGO, the Norwegian operator, is to launch a roro service from Aberdeen to Scandinavia.
Chennai calls in port majors THE big three port operating companies have been asked to submit proposals to upgrade facilities at Chennai port, according to the Port Trust's chairman.
SMBA chairman goes to appeal court SBMA chairman Richard Gordon has asked the Philippines Court of Appeals to nullify the Olongapo Regional Trial Court's denial of his plea for an injunction.
Color Line struggles to cut pre-tax loss COLOR Line, the Norwegian cruise ferry group, cut its first half pre-tax loss to Nkr98m ($13m) after a rise in passengers and freight units carried.
Jailed masters will not appeal THE two tanker masters involved in a 29,000 tonne oil spill off Singapore last year have decided not to appeal against short jail terms handed down by local courts last week.
JJ Ugland wins shuttle tanker project NORWEGIAN shipping company JJ Ugland has signed a letter of intent with seven oil companies to provide a shuttle tanker to carry oil from the Terra Nova oil field.
Agreement reached on US Northwest spill cover AGREEMENT has been reached regarding oil spill cover for vessels leaving US Northwest ports and passing through Canadian waters.
OECD treaty passes Senate hurdle LEGISLATION to approve the OECD shipbuilding treaty has passed a crucial hurdle in the Senate Finance Committee but larger obstacles loom ahead.
Ecstacy may go to Norfolk for repair FIRE damaged cruiseship Ecstasy could go to Norfolk Shipbuilding & Drydock Corp for repair, according to Carnival Cruise Line president, Bob Dickinson.
NDX et Transfracht fusionnent leurs activités au 1er septembre Il fallait s'y attendre et la question avait été posée dans ces colonnes le 27 juin dernier, au lendemain de l'annonce de la collaboration entre les départements fret des chemins de fer néerlandais et allemands, à savoir quel sort serait réservé aux opérateurs intermodaux des deux sociétés. Ils sont désormais fixés sur leur sort: les activités de NDX fusionnent avec celles de Transfracht International.
Mærsk et Sea-Land s'adjugent une partie de Gioia Tauro Les négociations en cours depuis plusieurs mois entre les armements Mærsk Line, Sea-Land et Medcenter Container Terminal, société détenue à 71,4% par le holding Contship Italia, viennent d'aboutir à un premier résultat. Les deux armements vont pouvoir disposer de leur propre hub conjoint à Gioia Tauro. En fait, Mærsk et Sea-Land réitèrent ainsi l'opération qu'ils viennent de réaliser à Bremerhaven.
Exel Logistics (NFC) reprend Walsh Western Logistics Exel Logistics, une filiale du groupe logistique et de déménagement britannique NFC, reprend l'entreprise de distribution irlandaise Walsh Western Logistics pour un montant de 9,5 mio. d'IRP (l'endettement s'élève à 9,4 mio. d'IRP). Walsh Western Logistics, avec des activités en Irlande, aux Pays-Bas et au Royaume-Uni, fait partie de Walsh Western Group, qui est également actif dans le transport routier et le fret aérien. Plusieurs grands opérateurs informatiques faisant partie de la clientèle du distributeur irlandais, Exel Logistics devient un des plus importants prestataire de services logistiques européens du secteur électronique suite à cette reprise. La nouvelle entreprise sera active sous le dénominateur Exel Logistics Walsh Western.
La CE veut des redevances équitables pour l'utilisation des infrastructures Le livre blanc de l'UE sur un calcul équitable du prix de l'utilisation de l'infrastructure de transport, qui vient d'être présenté par la CE, plaide en faveur d'une nouvelle approche harmonisée pourla tarification de l'utilisation des infrastructures, valable pour tous les modes de transports commerciaux. Une fois mis en oeuvre, le système pourrait permettre d'économiser plus de 50 mia. d'ECU par an aux systèmes de transport, gains qui pourraient être répercutés sur les utilisateurs. Le nouveau système serait basé sur la philosphie de "l'utilisateur payeur".
Deed to be signed, with provisos A deed of settlement is expected to be signed today, provisionally ending the dispute between Patrick and the Maritime Union of Australia, while the row between the Australian Maritime Safety Authority and the Australian Institute of Marine & Power Engineers is set to worsen dramatically. It is understood that the MUA has agreed to sign a deed of settlement which will, nevertheless, contain a clause which will make the entire deal conditional on the Australian Competition and Consumer Commission withdrawing its action against the union.
Incat betters own Blue Riband performance Incat-built vessel, Cat Link V has claimed the prestigious Hales trophy for the Blue Riband of the Atlantic and beaten Catalonia's June world speed record by several knots. The 91-metre Cat Link V achieved an average speed of 41.284 knots in the three-day crossing from New York to Southampton, demonstrating a considerable improvement on the speed achieved by fellow Incat built vessel, Catalonia last month. Cat Link V also snatched another world record set only last month when she travelled 1018.5 nautical miles in 24 hours compared to 1015 nautical miles in the same period by Catalonia.
Builders welcome bounty pledge An opposition pledge to extend the Shipbuilding Bounty until the OECD Shipbuilding Agreement is ratified, has been welcomed by the industry but slammed by Industry Minister John Moore as indicative of the Opposition's lack of political and economic credentials. In a speech to a Committee for the Economic Development of Australia function on Tuesday, shadow industry minister Simon Crean said because the ALP believed the Australian shipbuilding industry had successfully restructured itself with the aim of increasing its international competitiveness, it should therefore continue to be backed by the commonwealth.
Study defines Botany hinterland The Sydney Ports Corporation yesterday released the initial findings of the most comprehensive study to date recording the road movement of containers to and from Port Botany. SPC chief executive officer Greg Martin said the Port Botany origin/destination study would improve the ability of his organisation, port customers and the transport industry to plan for future transport needs. "Land transport logistics remain the most pressing issue for the port, because they comprise the largest component of land-side shipping costs," Mr Martin said.
Chalk and cheese, says Transrapid Claims that one of the competing technologies for the Sydney-Canberra Very High Speed Train should be rejected because of incompatibility with the proposed Melbourne-Darwin passenger/freight rail line have predictably incurred the wrath of the Transrapid Consortium Australia. Everald Compton, chairman of Melbourne-Darwin consortium, Australian Transport and Energy Corridor, told the Rail Australia conference in Sydney on Tuesday that compatibility between the two systems was essential for a seamless passenger/freight link between the Melbourne-Darwin line and an offshoot link through Goulburn to Sydney.
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