Yangming to order 15 new boxships TAIWAN'S Yangming Corporation expects to embark on a major newbuilding programme within the next 12 months involving up to 15 new ships. It also plans to raise funds for further fleet expansion.
Hijack shootout Pakistani officials hold one of the three hijackers at Hyderabad airport in Pakistan's southern province of Sind yesterday. The gunmen hijacked a twin-engined Fokker Friendship propeller plane of Pakistan International Airline after takeoff from Gwadur airport on Sunday. All 29 passengers on board were released after a shootout.
Concordia changes fleet strategy TANKER specialist Concordia Maritime is now taking a twin-track approach to fleet renewal.
Days of action Days of action: Lee Kap-yong, head of the militant Korean Confederation of Trade Unions, warning a press conference in Seoul of a possible all-out strike tomorrow and Thursday unless demands are met. The KCTU includes in its demands making lay-offs illegal and a new safety net for the jobless.
New forecast on Maersk future A FULL-SCALE merger between Maersk Line and Sea-Land is looking increasingly probable, according to a new study of the Danish shipping line.
Japanese owners warn of rate rises KENTARO Kawamura, chairman of the Japanese Shipowners Association, is warning shippers of further possible freight rate increases for cargo moving from Asia to Europe and North America in the near future.
Lothian opens its account A NEW shipmanagement company, Lothian Shipping Services (London) Ltd, has been formed out of the demise of Jebsens (UK).
China air cargo transport grows AIR is becoming an increasingly popular method of transporting cargo in China, official figures show, underlining the challenges facing the govern-ment as it attempts to upgrade water, rail and road links.
Patrick creditors vote for delay Creditors of the four Patrick stevedore labor hire companies which employ Maritime Union of Australia members yesterday voted to adjourn their meeting for 15 days until 9 June. The MUA will now press ahead with its claim for the appointment of a court appointed receiver, a move which it believes would free up substantial amounts of money owed to the labor hire companies by Patrick.
BHP's Port Hedland expansion on track BHP Iron Ore's $275 million capacity expansion project at Nelson Point, Port Hedland is on track to be completed by early July. The final stage of the project was completed this month to raise BHP's shipping capacity from the current 63 million tonnes to 70 million tonnes annually.
mystified by lack of support for plan Patrick Stevedores chairman Chris Corrigan said yesterday's adjournment until June 9 of the creditors meeting served no purpose and put in jeopardy government funding for redundancies. He said unless the MUA and Patrick came to an agreement in the next 15 days, the could end up back at the creditors meeting with liquidation the most likely option.
Law of the Sea 'best balance' - Miles The UN convention on the law of the Sea is the best balance the world is likely to achieve between extending coastal state jurisdiction and preserving the navigational and other rights of the international community according to US academic and former president of the Law of the Sea Institute, Edward Miles. He said a failure of the present regime was unlikely to lead to a roll-back of coastal state jurisdiction.
Senate seeks levy reactions The senate committee responsible for vetting the government's proposed legislation designed to impose a levy on all stevedores to cover the cost of wharfies' redundancy packages, is seeking submissions from interested parties including shipping lines, unions, and stevedoring companies which oppose the measure. The Senate Committee on Rural and Regional Affairs and Transport had allowed only about two weeks for submissions to be registered because it believed that all respondents had formed definitive views about the impact of the proposed legislation.
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