Patrick workforce reinstated THE full bench of the Federal Court in Melbourne has upheld the injunction forcing Patrick Stevedores to re-instate the 1,400 union work-force it sacked two weeks ago.
Union widens claims UNTIL the full trial of the case in July, Patrick now has two workforces: the reinstated union members and the non-union staff from its new labour suppliers, writes Kevin Chinnery, Sydney.
Taiwan Navigation ready for flotation ANALYSTS are expecting a luke-warm reception for the stock market listing of the Taiwanese national line, Taiwan Navigation Co Ltd, in mid-June.
Kim Dae-jung South Korean president Kim Dae-jung addresed a conference on the Korean economy in Seoul yesterday in which he emphasised the necessity of democracy and market economies to the overcoming of Asia's problems - a favourite theme.
Drought threat to China grain EMERGING water shortages in China are threatening an upheaval in world grain markets, the Washington-based Worldwatch Institute has warned.
Cho Yang Acehas The German flag Cho Yang Acehas made her inaugural call at Hamburg. The 4545 teu Hyundai newbuilding is the last of 10 units ordered by Norddeutsche Vermogen at Hamburg for management by Rostock-based F Laeisz in a long-term charter to DSR-Senator Lines at Bremen and Cho Yang at Inchon. The Cho Yang Ace joins a pendulum service between the Far East, Europe and the US.
Contractual shake-up for salvors urged A LEADING salvage expert has called on the salvage community and the insurance industry to formulate a modern contractual system in which their financial obligations are included at the outset, not determined retro-spectively and litigously.
Profit rises at reorganised Golden Ocean TANKER and bulk carrier owner and operator Golden Ocean Group reported an increase in net income to $9.1m last year, up from $8.4m in 1996. Operating revenue climbed 58% to $52m.
Owners to fight union's action in PNG SHIPOWNERS in Papua New Guinea are preparing legal action to stop the PNG Maritime Workers' Union involving the nation in Australia's stevedoring dispute.
Internatio-Muller adds German broker DIVERSIFIED Dutch group Internatio-Muller hopes to complete the acquisition of Hamburg-based shipbroker Detjens by the end of the month.
Evergreen launches north Europe-ECSA service EVERGREEN is launching its north Europe-South America service this week.
Taiwan Navigation to raise $54m TAIWAN Navigation hopes to raise $54m by offering 28 per cent of its shares to the public and another 30 per cent to its employees.
ICTSI to bid for more terminals MANILA-based terminal operator ICTSI says it will bid for the management and operations of four or five new ports in Latin America and the Middle East this year.
Fairyoung involves Ho in ports deal FAIRYOUNG Holdings has finally concluded the sale of subsidiary Pacific Ports to New World in a revised deal that now involves Macau gambling tycoon Stanley Ho.
Sales cut China Shipping losses HONG Kong-listed China Shipping Development reduced its losses to Yuan74.6m ($8.95m) last year from Yuan157.5m in 1996 with ship sales.
Australia-Asia Alliance formalised FOUR Asian shipping lines formalised their new Australia-Asia Alliance at a signing ceremony in Sydney today.
Patrick ordered to re-employ sacked wharfies AUSTRALIA's waterfront crisis took a new turn today when the full Federal Court ordered Patrick stevedoring company to re-employ the unionised workforce it sacked before Easter.
Golden Ocean turnover rises sharply UK-based vlcc and bulk carrier owner Golden Ocean reported a 58 per cent increase in turnover for 1997, but profit rose by only 12 per cent.
Beaches closed as vessel sinks off Hong Kong HONG Kong's government sealed off five beaches after a China-flagged ship carrying a container full of ammonium chloride sank before dawn on April 21.
Two Italian yards to be privatised TWO Italian state owned shipyards, INMA La Spezia and NCA Marina di Carrara, are up for sale.
Leif Hoegh hit by forex losses A GOOD performance by its vehicle carrier business was not enough to offset an increase in foreign exchange losses at Leif Hoegh.
Bergesen appoints new md and chairman SVEIN Erik Amundsen will become md of Norwegian bulk shipping group Bergesen dy if approved at the agm on April 29.
Calais ferry blockade lifted A BLOCKADE of the French port of Calais by port workers protesting against the dismissal of a SeaFrance officer has been lifted.
Indian government may transfer SCI stake THE Indian government is considering transferring 30 per cent of its stake in Shipping Corp of India to five public sector oil companies.
New oil jetty for Mangalore INDIA'S surface transport ministry has given environmental clearance for the construction of a second captive crude oil jetty at Mangalore.
Central Gulf Lines switches to US flag CENTRAL Gulf Lines, a subsidiary of International Shipholding Corp of New Orleans, has reflagged a Panamanian-registered vessel under the US flag.
Builders in broadside at IC Australian shipbuilders have dismissed the industry Commission's submission to the Shipbuilding Review panel a bureaucratic nonsense, describing the recommendation to abandon the bounty as being 'extremely naïve'. Australian Shipbuilders Association chairman Robert Clifford said removing the bounty would result in the loss of contracts to overseas yards in the same way that occurred when the bounty scheme was in doubt in 1996-97.
NSW ports lead, says minister New South Wales ports - or at least those wharves operated by P&O Ports - are doing a roaring business according to the state government, despite the continuing row between Patrick and the Maritime Union of Australia. The NSW Minister for Ports Kim Yeadon, claimed that state's ports will be operating at about 70 per cent capacity as far as container movements are concerned following discussions between the MUA and the NSW Farmers Association, chaired by the NSW Premier Bob Carr.
More overseas unions join dock's protest Overseas unions affiliated with the International Transport Workers' Federation have been stepping up their campaign to support dismissed members of the Maritime Union of Australia. In London, the ITF has set up a dispute centre with dedicated staff to coordinate and monitor international action.
Charlton to double WA efforts on the waterfront Western Australian Transport Minister Eric Charlton says the industrial turmoil over the past two weeks has made him even more determined to reform the western waterfront. He said the state's port authority boards were considering a range of reform measures including the use of workplace agreements and contracting out of a range of port functions.
Triple A launched as ASA mulls move Four major Asian shipping companies yesterday signed an agreement in Sydney to formalise the Asia-Australia Alliance - or triple A consortium -on the eve of a likely announcement of a major expansion by a competing group. Triple A comprises MISC, MOL OOCL and PIL and will shortly begin Australia-South-East Asia service operated under two separate loops, with four vessels in each loop.
Reaching for the big prize BULGARIA'S state-owned Navigation Maritime Bulgare is the target of an ambitious bid involving a $200m junk bond issue. If the plan succeeds, the 100-strong fleet could find itself belonging to a company that will seek a stock market listing. The identity of those involved in the bid remains secret but there is every reason to believe they are serious, say London brokers.
Broker alert RICHARD FULFORD-SMITH, one of the leading figures in the sale and purchase world, is warning that irresponsible vessel valuations risk dragging his profession into disrepute.
The big sell-off THE BIG SELL-OFF by Korean shipowners is approaching $1bn with close to 50 ships sold in the last few months. More tonnage is expected to follow shortly.
Cutting prices ONE OF KOREA'S biggest yards admits it is cutting its newbuilding prices to win business. But the demands of one owner have proved too much for a rival yard, which has called off talks.
Who's at the helm? THE CRUISESHIP "Topaz" is under the spotlight. Operators had to cancel its latest cruise and fly hundreds of passengers home just as speculation is growing about aspects of its management and links with Cunard president Paris Katsoufis.
Baltic unrest MUTINY IS BREWING down at the Baltic Exchange with allegations flying that hundreds of thousands of pounds are being wasted.
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