Angelicoussis doubles ICB stake JOHN Angelicoussis has almost doubled his stake in ICB Shipping, underlining his commitment to the controversial merger between his Astro Tankers and the Swedish company.
Asset sales improve Kvaerner outcome PROBLEMS in the shipbuilding, oil and gas, and construction divisions hit Anglo-Norwegian conglomerate Kvaerner's 1997 results.
McDermott-ETPM end deal J RAY McDermott and France's ETPM are planning to end their eight-year-old offshore joint venture by common agreement in April.
Norex profits soar 70% to $33.6m NOREX Industries, Kristian Siem's recovery vehicle which focuses on the cruise and oil and gas services industries, saw net profits soar more than 70% from $19.6m ('11.95m) in 1996 to $33.6m last year.
Shipping 'faces radical changes' HEIGHTENED competition between shipping lines is forcing radical changes in the way the maritime industry operates, US Federal Maritime Commission member Ming Chen Hsu has claimed.
China Harbour at risk of big losses CHINA's main port building contractor, China Harbour Engineering Co, is expected to incur heavy losses as a result of the steep currency devalu-ations in Southeast Asian countries in recent months, the China Daily has reported.
IHC Holland wins $17m China order DREDGER technology specialist IHC Holland is hoping to seal two newbuilding contracts this week with China, at present hosting a high-profile Dutch trade mission.
Paris handles record traffic volume SEA traffic handled by the inland port of Paris reached a new record last year, when it showed a rise of 34% to 676,000 tonnes, writes Andrew Spurrier, Paris Correspondent.
Carnival cruiseship delivered two weeks early CARNIVAL Cruise Lines took delivery of its new 2,040 passenger vessel Elation earlier today during a hand-over ceremony at Kv'rner Masa-Yards in Helsinki.
WG&A charters extra vessels FILIPINO operator WG&A has chartered two vessels to augment its existing cargo ships in the Manila to Visayas and Mindanao trade.
Tankers collide in the English Channel THE 102,000 dwt crude oil tanker Eagle Memphis was in collision with the 9,000 dwt chemical tanker Oriental Violet in the English Channel this morning.
Cosco-Kawasaki yard wins three-ship order CHINESE shipbuilder Nantong Ocean Ship Engineering, which expects to begin operations in September, has won an order to build three 47,000 dwt bulkers from Cosco.
Hong Kong terminals lay off more workers JOBS continue to disappear at Hong Kong's container terminals with slowing growth.
Transworld will expand its Indian feeder service MUMBAI-based Transworld Group is looking to expand its network of local Indian feeder operations further after "healthy interest" was shown in its initial service.
California to demand oil spill contingency plan CALIFORNIA is expected to prohibit the operation of non-tanker vessels in local waters unless the operator has an approved oil spill contingency plan.
Coal terminal construction to begin in April CONSTRUCTION of the South Dunes coal terminal at Richards Bay, South Africa, is expected to start in April following completion of the funding arrangements by the end of March.
Malta's premier blamed for 'debacle' MALTA'S shadow finance minister has blamed prime minister Alfred Sant for the cancellation of an order for two Norwegian trawlers at Malta Shipbuilding Co.
New Mangalore freeport status moves closer THE proposal to develop New Mangalore Port as a freeport has finally been accepted by the Indian commerce ministry.
Hapag take-over near completion PREUSSAG, the German industrial group, is expected to complete the take-over of Hapag-Lloyd in a matter of days.
Jurong Shipyard 'to lift profits significantly' SINGAPORE-based Jurong Shipyard is expected to post a 25 per cent increase in profits for 1997 boosted by improved margins in rig repair work.
Kværner profits double but yard result falls KVÆRNER doubled its pre-tax profit in 1997 to Nkr1.51bn ($201m) in 1997, but the results revealed a 27 per cent drop in profits at the group's shipbuilding division.
Concordia profits soar PROFITS from quality tanker operator Concordia Maritime soared to a record Skr156.3m ($19.5m) before tax last year compared with Skr11.4m in 1996.
Hanjung to join engine-building venture HANJUNG Corp (formerly Korea Heavy Industries) is to develop a new pollution-free, gas-powered ship engine in co-operation with Mitsui Shipbuilding and MAN B&W.
Démarrage spectaculaire pour Anvers et Zeebrugge en 98 Tout semble indiquer que les ports d'Anvers et de Zeebrugge effectuent un excellent démarrage en 1998, car ils affichent des progressions assez spectaculaires pour le mois de janvier. Il importe toutefois de relativer quelque peu les données, étant donné que janvier 97 était assez faible. Néanmoins, les résultats sont là: Anvers a traité 1,43 mio. de t en plus à la fin janvier, soit une hausse de 16,68%,tandis que pour Zeebrugge, la progression serait de l'ordre de 22%. Seul le port de Gand affiche un certain recul qui n'est pas encore précisé.
Union Minière redéfinit sa logistique transport Il y a près d'un an, nous écrivions qu'Union Minière cherchait à réduire d'un quart les coûts de production dans ses filiales belges. Dans le cadre du Plan Industriel (1996-1998) dont l'objectif est de garantir la viabilité des activités du groupe non-ferreux en Europe, une cellule logistique a été créée au sein de la division Purchasing & Transport. Cette cellule aspire à une optimalisation de la totalité du coût logistique, à savoir le transport, le chargement, le déchargement, l'entreposage, le financement des stocks , l'administration, l'impact sur l'environnement etc. Il est évident qu'il en résulte une redéfinition des activités de transport. Lors d'une entrevue exclusive, André de Pierpont (responsable de la division logistique) et Eddy Cornelis (communication) ont commenté la stratégie et les projets de transport concrets du groupe.
L'accord de transit avec la Suisse est loin d'être acquis Divers Etats-membres de l'Union européenne estiment que le péage de 200 ECU par trajet pour le transit par la Suisse est trop cher. Le commissaire européen des Transports Neil Kinnock est récemment parvenu à un accord avec la Suisse en ce qui concerne ce montant. Il semble que l'Autriche menacerait de faire de ce montant un point de rupture. Le gouvernement de Vienne, qui s'oppose au péage suisse, est en conflit avec la Commission au sujet du péage dans le col du Brenner.
Talks continue as detail sought PATRICK and the Maritime Union of Australia will be meeting again today to discuss union claims for enterprise agreements at the company’s facilities around the country. Although union members can take protected industrial action during a bargaining period, they have to give the company 72 hours notice and no such notice was given yesterday. Assistant national secretary of the MUA Vic Slater said the talks were restricted to enterprise bargaining.
Twist in SPS case THE South Pacific Shipping liquidation took a new twist yesterday when Patrick applied to the Federal Court to shift one of the company’s vessels, the Rangitata, from No. 3 to No. 5 Webb Dock. No. 5 Webb Dock is leased to P&C Stevedores Pty Ltd and the arrival of a ship on that berth, even in a lay-up capacity, was expected to inflame the already tense situation at Webb Dock.
Freight hubs bring problems: Maunsells WHILE it is an attractive option in terms of relieving truck congestion at city ports, establishing a major freight terminal in a central metropolitan location like that proposed for Sydney is fraught with problems, according to the director of port and transport planning for the Maunsell Group, Graham Hooper.
Pressure on councils to quit port companies LOCAL and regional councils which are majority owners of New Zealand’s 12 ports have enjoyed good returns on their investments but it is only a matter of time before some sell their shareholdings, according to Port of Tauranga chief executive officer Jon Mayson. He said the growing impetus for structural change within the broader port sector would have repercussions for the Tauranga port company.
MSC lashes out at far east competitors THE MEDITERRANEAN Shipping Company yesterday lashed out at conference carriers in the Far East which it accused of spreading false rumors about the impending demise of the company’s service between Australia and Asia. MSC managing director Kevin Clarke and the company’s line manager from Geneva, Caroline Becquart, said there was no basis whatsoever to these rumors, which have allegedly been circulated in an internal document in the Far East by conference carriers.
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