Call for more transparency in data on deaths at sea Flag states should publish more reports in light of dearth of statistics: former UK surveyor general
Transpacific group to raise surcharges
Vessels stranded as strike cripples key Brazilian port
Port shots
Air and Land Transport
HK to extend contracts for airport management Senior managers to get 6 more months, despite chaos at new airport's opening
PAL wants "best partner"
ANA may shift int'l flights to subsidiary to cut costs
KLM's Alitalia venture "to boost revenue"
Continental sues over "sizers"
US Airways seeks nod for Milan non-stop route
France paid Toyota 2b francs for plant: report
Nissan develops new cruise control system for cars
Features
Differing visions of the future Boeing sees no demand for superjumbo, but Airbus wants to build a double-deck behemoth to seat up to 800 people
Columns
Keppel Hitachi Zosen aims to be in world class league
Call for more transparency in data on deaths at sea Flag states should publish more reports in light of dearth of statistics: former UK surveyor general
Transpacific group to raise surcharges
Vessels stranded as strike cripples key Brazilian port
Port shots
Air and Land Transport
HK to extend contracts for airport management Senior managers to get 6 more months, despite chaos at new airport's opening
PAL wants "best partner"
ANA may shift int'l flights to subsidiary to cut costs
KLM's Alitalia venture "to boost revenue"
Continental sues over "sizers"
US Airways seeks nod for Milan non-stop route
France paid Toyota 2b francs for plant: report
Nissan develops new cruise control system for cars
Features
Differing visions of the future Boeing sees no demand for superjumbo, but Airbus wants to build a double-deck behemoth to seat up to 800 people
Columns
Keppel Hitachi Zosen aims to be in world class league
Call for more transparency in data on deaths at sea Flag states should publish more reports in light of dearth of statistics: former UK surveyor general
Transpacific group to raise surcharges
Vessels stranded as strike cripples key Brazilian port
Port shots
Air and Land Transport
HK to extend contracts for airport management Senior managers to get 6 more months, despite chaos at new airport's opening
PAL wants "best partner"
ANA may shift int'l flights to subsidiary to cut costs
KLM's Alitalia venture "to boost revenue"
Continental sues over "sizers"
US Airways seeks nod for Milan non-stop route
France paid Toyota 2b francs for plant: report
Nissan develops new cruise control system for cars
Features
Differing visions of the future Boeing sees no demand for superjumbo, but Airbus wants to build a double-deck behemoth to seat up to 800 people
Columns
Keppel Hitachi Zosen aims to be in world class league
Call for more transparency in data on deaths at sea Flag states should publish more reports in light of dearth of statistics: former UK surveyor general
Transpacific group to raise surcharges
Vessels stranded as strike cripples key Brazilian port
Port shots
Air and Land Transport
HK to extend contracts for airport management Senior managers to get 6 more months, despite chaos at new airport's opening
PAL wants "best partner"
ANA may shift int'l flights to subsidiary to cut costs
KLM's Alitalia venture "to boost revenue"
Continental sues over "sizers"
US Airways seeks nod for Milan non-stop route
France paid Toyota 2b francs for plant: report
Nissan develops new cruise control system for cars
Features
Differing visions of the future Boeing sees no demand for superjumbo, but Airbus wants to build a double-deck behemoth to seat up to 800 people
Columns
Keppel Hitachi Zosen aims to be in world class league
Vickers to bid for Ulstein BRITISH engineering firm Vickers looks set to buy leading marine engineering company Ulstein Holdings in a deal that may be worth up to '300m ($500m).
Oslo reprieve for owners Norwegian shipowners won a reprieve yesterday when prime minister Kjell Magne Bondevik's budget compromise with the right-wing opposition withdrew most of the shipping-unfriendly provisions unveiled in October's draft budget, writes Rajesh Joshi.
BHP warns of lower profits THE Broken Hill Proprietary Company Limited (BHP) has signalled that its financial troubles are not yet over.
Saga fury over Statoil swoop SAGA Petroleum issued a vitriolic reaction yesterday to state-owned Statoil's raising its shareholding in the Norwegian independent to 20%.
Ship junk bonds dive may be over The freefall in shipping high yield bond prices may be over, according to a report by Scotia Capital Markets.
Samos buys Premuda's Four Estrellas Italian shipping company Premuda has indirectly sold one of its tankers to Samos Steamship via a purchase option through a Mexican company, writes Emily Redding.
Turks step up action against Italy TRADE between Turkey and Italy looked set for severe disruption yesterday as the rift deepened between Ankara and Rome over the arrest by Italian police of Kurdish separatist leader Abdullah Ocalan.
Croatia urged to break state hold on yards A CALL for greater private sector involvement in Croatia's shipbuilding sector has come from the European Bank for Reconstruction and Development (EBRD), writes James Brewer.
Vickers set to acquire Ulstein VICKERS of the UK is in discussions with Ulstein Holding of Norway over the terms of a recommended offer for all the shares in Ulstein
German merger brought forward MERGER between German stevedores and terminal operators BLG Containers and Eurokai appears likely to be brought forward from its January 1, 2000 date.
Zim reports small third quarter profit ZIM Israel Navigation has reported a third quarter profit of $2.1m compared with a loss of about $8m in the corresponding period of last year.
Accidents in Canadian waters fall ACCIDENTS involving vessels operating in Canadian waters have fallen through the 1990s, but foreign owned ships posted better safety results than Canadian operators.
DG Harmony owner declares general average A GENERAL average loss has been declared by the owner of the 1,510 teu container ship DG Harmony, after the vessel suffered an explosion and fire earlier this month.
Norwegian budget debate delayed THE start of the parliamentary debate on the Norwegian government's 1999 draft budget has been postponed.
Stena Line considers flagging out STENA Line, the Swedish ferry operator, might flag out four of its vessels.
Portnet orders new tugs PORTNET, the South Afrcan port operator, has ordered two new harbour tugs from a South African consortium.
New secretary announced for IACS IACS is to have a new permanent secretary from next June. Robin Bradley, chief surveyor and deputy general manager of the Salvage Association will take over from James Bell
Bass ups Seacor Smit holding TWO investment groups controlled by Texas billionaire Robert Bass say they have raised their holding in Seacor Smit to 16.6 per cent.
US task force to report next summer A MARITIME task force under the direction of the US Department of Transportation will report to Congress by July 1, 1999.
Indian hub port 'a non-starter' INDIA has little chance to operate a container hub port, according to Dr Hans Peters, maritime adviser at the World Bank.
Singapore unveils cost-saving package SINGAPORE'S port users could save up to S$32m ($20m) a year following the unveiling of a generous business cost cutting package by the government
Premier Cruises restructured A NEW company has been formed to take over the assets and operations of Premier Cruises.
Ports fear end of duty-free sales GERMAN ports have expressed concern about the impact on ferries of the EU's ending of duty-free sales from mid-1999.
Pallas salvage cost set at $6m THE German authorities' badly organised attempts to salvage the dry cargo vessel Pallas will cost over DM10m ($5.8m), according to the regional government of Schleswig-Holstein.
CMA lance un troisième service d'Europe vers le Far East L'armement CMA lancera le 5 décembre prochain un nouveau service containérisé hebdomadaire entre l'Europe, plus précisément l'est méditerranéen et le Far East, l'accent étant mis sur le Japon et le nord de la Chine. Précisons qu'il s'agit d'une initiative propre à la seule CMA, ses partenaires dans les autres services que sont NSCSA et Norasia n'étant pas concernés, du moins pour l'instant. Pour ce faire, l'armement a affrété une flotte de 9 PC dont les capacités varient de 1.800 à 2.200 TEU. Ces unités sont afftrétées pour un an avec possibilité de prolongation.
Résultats de Fret SNCF pour 1998: trafics +2% et recettes +2,2% Fret SNCF, service marchandises des chemins de fer français, devrait terminer l'année 1998 avec des trafics en hausse (+2%) et des recettes bénéficiant d'une progression un peu supérieure (+2,2%). Cette double bonne tendance tient à des facteurs divers et notamment à un regain du trafic conventionnel. En revanche, le combiné rail/route aura stagné en 1998.
Jardine mise sur la solution logistique totale En Asie, le nom de Jardine est une référence dans le monde du transport. En fait, le groupe Jardine Matheson, dont le QG est à Hong-Kong où il s'est implanté en 1832, est considéré comme une multinationale du transport, car opérant dans 30 pays, employant près de 200.000 personnes et réalisant un CA d'environ 12 mia. de dollars US. Jardine est actif dans une multitude de secteurs: l'agence maritime, la gestion de navires, l'exploitation de terminaux à containers à Hong-Kong, en Chine, aux Philippines et à Taiwan, le transport de containers par barges et le remorquage, l'exploitation du Hong-Kong Air Cargo Terminals Ltd et l'assistance au sol sans oublier la représentation de lignes aériennes, le transport aérien et en général, le marketing et le stockage avec distribution et n'oublions pas le secteur automobile. Jardine c'est également l'immobilier et les services financiers. Enfin, Jardine est le représentant du port d'Anvers pour Hong-Kong et certaines régions d'Asie, situation qui expliquait le passage de la mission maritime et portuaire anversoises dans ses bureaux.
Norasia développe sa stratégie atlantique Avec 4 PC de 1.400 TEU filant à 25 noeuds, l'armement Norasia développe progressivement sa stratégie atlantique. L'arrivée de deux unités supplémentaires a permis d'inclure la desserte de la Méditerranée dans la rotation et par la même occasion la commercialisation des espaces est étendue à d'autres régions.
Power struggle driving "lively debate" THE national council of the Maritime Union of Australia (MUA) was yesterday expected to engage in a "lively debate" while considering P&O Ports' proposed waterfront reforms. There was growing concern that the Central NSW branch, blamed for low productivity at Sydney facilities in recent weeks, would present a major challenge to the smooth passage of the document. A vigorous discussion was anticipated. The power of the Central NSW branch was demonstrated again yesterday when there were reports of another go-slow at the Container Terminals Australia Ltd at Botany Bay.
Adelaide tops 100,000 boxes as profits leap Ports Corp South Australia has announced a strong 1997-98 result posting an after-tax profit of $19.639 million compared to $6.145 million last year. Revenue for the year totalled $38.14 million and the pre-tax operating profit was $10.948 million. Ports Corp says highlights of the year included: (BLOB) total container trade of 109,141 TEUs – an increase of 24.6 per cent over the previous years and the first time Port Adelaide has exceeded a 100,000 container throughput in a single year;
Setchell retirement planned, P&O assures Claims that differences of opinion in the approach to waterfront reform between P&O Australia and P&O Ports led to the resignation of the managing director of the stevedoring company, Richard Setchell, were quashed yesterday. News of Captain Setchell's departure from executive responsibilities in January was reported, exclusively, in yesterday's DCN. P&O Australia chairman and managing director Richard Hein told DCN there was no substance whatsoever to these suggestions. Captain Setchell confirmed to DCN that this was the case.
Austal offer oversubscribed AUSTAL Ships has closed its public share offer early with the offer of 25.8 million shares being over subscribed by 23 November. The offer of the $1 shares in the $155 million company opened on 5 November and is due to close tomorrow. The share offer was made to facilitate a buy-out of the investors who hold 16.6 per cent of the company's issued capital. Those investors are Australian Mezzanine Investments, Prudential Asia, Foundation Capital and Onyx (WA) -- a company controlled by former Austal director Garry Heys. They took a shareholding in Austal in 1994 to enable the company to expand its Jervoise Bay shipyard to cater for the rapidly developing high-speed vehicle passenger ferry market.
Oil Prices Hit New Lows Oil prices have been pushed on to roller coaster rides over the years by persistent gluts or Middle Eastern politics but the Asian slump and an unpredictable Iraq have made for a steeper and scarier ride this time around. Last Tuesday, the price of world benchmark Brent blend crude, produced in the North Sea and used to price most crude oils sold West of Suez, dropped to a 12-year low of $11.13 a barrel. Adjusted for inflation, this was the lowest price since the oil embargo of 1973. This year's average is the lowest since 1976, when Brent averaged $12.80 a barrel.
Vickers In Talks To Takeover Ulstein Vickers Plc is reported in talks to takeover Ulstein Holdings, sans the Norwegian company's shipbuilding arm. A Vickers spokeswoman reportedly said if the deal went through, it would create a major player in the European marine engineering sector, specializing in propulsion and steerage systems.
Bunker Activity Drops At Colombo The Ceylon Association for Ships' Agents (CASA) reported there had been a sharp decline in the number of ships arriving at the Colombo port for bunkering due to steep local charges for oil. CASA said the number of ships arriving at the Colombo port for bunkering in the first nine months of this year had shown a 39 percent decline to 14 vessels from 23 in the same period last year.
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