Italy establishing second register ITALIAN members of parliament have voted to establish a second register for vessels deployed on inter-national trades.
OECD pact set for Senate hearing THERE is cautious optimism that legislation to enact the OECD pact on eliminating shipbuilding subsidies could reach the US Senate floor by the end of next month, writes Tony Gray.
Swan Reefer share price tipped to soar SWAN Reefer, one of the newest companies on the Oslo stock exchange, is set to see its shares increase substantially in value over the next 12 months, according to a leading Norwegian stockbroker.
Hong Kong names top boss ONE of Hong Kong's worst kept secrets has officially been let out of the bag, with the announcement that the Marine Department's new director is to be current deputy Tsui Shung-yiu, writes Corey Bousen, Hong Kong.
PSA planning Leghorn box terminal deal SINGAPORE'S PSA Corporation is planning to enlarge its port presence in the Mediterranean by taking over Leghorn's largest container terminal, Darsena Toscana.
Maiden voyage THE 2,008 teu Oder Trader, on her maiden voyage from Poland to Italy, has loaded 800 empty containers bound for Genoa at Liverpool's Royal Seaforth Container Port. Managing owner is Hermann Buss GmbH & Cie; Hamburg broker Peter Doehle is responsible for chartering and UK agents for the call were Compass Liner Agencies and Cory Brothers. The Antigua flag vessel is 188.1 m long, has a beam of 30 m and maximum draught of 11.5 m, offers 250 reefer plugs and is equipped with three deck cranes of 43 metric tonnes capacity.
Manila raises cargo rates to avert strikes IN A move to avert costly strikes by dockworkers, the Philippine Ports Authority has approved a 12% increase in cargo handling rates at the main domestic port of North Harbour at the Port of Manila.
TMM will not bid for airports MEXICO'S Transportacion Maritima Mexicana (TMM) will not venture beyond its shipping, trucking and railroad interests and bid on Mexico's upcoming airport privatisations, Reuters reports.
Restructuring costs hit ABB FULL-year profits at ABB Group, the electrical engineering company, were badly hit by restructuring costs of $866m, falling from $1,901m before tax in 1996 to $853m.
SLPA 'to be restructured' THE Sri Lanka Port Authority (SLPA) will be restructured, port development minister M H M Ashraff told a local newspaper.
Manila port privatisation plan revised A COMMITTEE set up to privatise the Manila North Harbour has revised the privatisation terms of the Philippines largest port.
Frontline's move rumours surface again RUMOURS that Frontline Management will move to London have surfaced again in Oslo.
China gets finance for Dutch dredger RABOBANK of Holland has signed an export credit agreement worth $9m with the Export and Import Bank of China for the purchase of a dredger.
N&T Argonaut sells capesize bulker RECENTLY-formed Swedish bulk shipping group N&T Argonaut has sold a 1985-built capesize bulker
Sri Lanka port feasibility contracts awarded CONTRACTS have been awarded to two consortia for feasibility studies into the planned Ruhuna Port in Hambantota, Sri Lanka.
Stena back in the black STENA Line made a pre-tax profit of Skr 151m ($19m) in 1997, compared with a loss of Skr 444m in the preceding year.
Jurong Shipyard turnover soars SINGAPORE'S Jurong Shipyard outstripped estimates to record a 79.4 per cent jump in group turnover to S$665.1m ($416m) for 1997.
KMY profit rises despite $33m miscalculation KVAERNER Masa-Yards (KMY), has reported a three per cent rise in profit after financial items, to Fmk 822m ($150m), despite a Fmk 186m ($33m) cost overrun.
Port of Miami tackles car theft IN a bid to stop the export of stolen containerised goods, a gamma ray machine has been introduced at the Port of Miami.
A&P wins P&O ferry contract A&P Falmouth has won a '4.5m ($7.4m) contract to lengthen the P&O ferry Buffalo
Kepphil holds on in tough year KEPPHIL Shipyard managed to maintain operating profits at Peso83m ($2m) last year in spite of a seven per cent fall in revenue last year.
Adsteam beats profits forecast ADSTEAM Marine (Australia) has returned a better-than-prospectus forecast profit rise of 24 per cent for the second half of 1997.
Fears rise for Trans-Tasman services UNION officials predict further company failures will follow the collapse of South Pacific Shipping (SPS) in New Zealand.
Stora confirme son implantation dans l'avant-port de Zeebrugge Après des mois de discussions, c'est maintenant officiel: le groupe suédois de produits forestiers Stora a confirmé l'implantation de son centre de distribution européen dans l'avant-port de Zeebrugge. Une délégation composée de représentants des directions de la MBZ, société qui gère le port côtier belge, et de l'armement Cobelfret s'est rendue en Suède, au QG de Stora, où a été signé mercredi dernier le contrat d'une durée de quinze ans qui avait été paraphé il y a trois semaines. Pour le port de Zeebrugge, il s'agit là d'une grande percée dans le secteur du breakbulk et de la distribution européenne.
Pas d'autorisations CEMT "supervertes" pour les transporteurs belges Les transporteurs belges ayant investi dans des véhicules super-écologiques afin de pouvoir bénéficier d'autorisations CEMT "supervertes" sont aujourd'hui lésés. Du fait que les centres de contrôle technique (GOCA) ne possèdent pas encore certains nouveaux appareillages de mesure, ils ne peuvent délivrer les attestations requises. Les transporteurs ne peuvent donc pas bénéficier de ces autorisations CEMT... ni profiter de l'exemption d'Ecopoints en Autriche. Aux dernières nouvelles, les instruments de mesure ne seront opérationnels qu'à la mi-mars.
MOL effectue sa première escale régulière à Anvers Arrivé merdredi dernier à 2h45, le porte-containers de 3.613 TEU "La Seine" qu'aligne l'armement Mitsui O.S.K. Lines (MOL) dans l'un des trois services conjoints entre l'Europe du Nord et l'Asie qu'assure le groupe New World Alliance, a inscrit ce grand armement japonais au nombre des clients réguliers du port scaldien. Le navire, qui venait de Southampton, est en fait en cours d'intégration dans le nouveau contexte opérationnel auquel participent également APL(NOL) et Hyundai. C'est la raison pour laquelle son escale au terminal de la Hessenatie sur l'Escaut s'est manifestée uniquement au chargement.
Plea for full deregulation of carrier/shipper relations A session on carrier/shipper relations at the conference, attended by more than 200 worldwide delegates, held in London to mark the 30th anniversary of "Containerisation International", heard an uncompromising call for liner shipping to be fully deregulated and liberalised. It came from Chris Welsh, general secretary of the European Shippers' Council, who complained that the present liner market structure in the US and Europe not only hindered economic efficiency and progress but was inappropriate for dealing with the newly evolving market structure.
Avalon freight hub clear for take-off Australia’s first dedicated international freight airport at Avalon, near Geelong in Victoria received its first charter consignment of cargo this week. Despite industry scepticism about the airport’s viability as a dedicated air freight hub, CEO Ron Wood was yesterday upbeat about the future. He said that while the airport had not yet attracted regular scheduled flights, he was talking to a number of parties and was at advanced stages with one customer for a permanent service.
Stevedore levy audit to be ‘simplified’ The company auditing Stevedoring industry Levy over-payments by shipping companies and their agents is reviewing the data collected with the aim of truncating the audit process according to a spokesman for the Department of Workplace Relations and Small Business. Several unofficial deadlines for completion of the audit have passed, due basically, according to the department to the inability of the shipping lines and their agents to provide all the required documentation.
Carriers prepare to pass on road costs The Victorian Road Transport Association executive director Phil Lovel this week warned that disputes on the Melbourne waterfront involving the MUA, Patrick, the NFF and the Federal Government are now having an impact further along the transport chain. He said that waterfront carriers now face significant extra costs which result from industrial action beyond the control of the road transport industry. This will be borne by users of road transport, as the carriers must recover the additional costs.
Waterfront talks ‘too early to call’ It is still "too early to call" whether the latest round of enterprise agreement discussions between Patrick and the Maritime Union of Australia will result in stoppages. All Patrick facilities were working yesterday, although according to Patrick director Bill Clayton said while the level of productivity at the company could not be described as slow, it was at a level "the company has been traditionally accustomed to".
Key to Sydney’s future Improved management is the key to better port access for Sydney, according to the chief executive officer of the Sydney ports Corporation, Greg Martin. Mr Martin believes that by the year 2020 Sydney will be handling as many as two million containers. He said improved management of rail and road access to Port Botany could accommodate cargo volume increases for many years without the need for major new rail and road infrastructure.
Owners turn bonds crazy BOND ISSUES are becoming all the rage for raising finance in shipping with Greek owners blazing the trail. No sooner had shipowner John Alafouzos, pictured, jumped on the bandwagon with a $200m offering than it emerged that fellow Greek Oceanbulk is planning to follow suit. Top ship financiers are predicting that 1998 will be an explosive year for bond issues, especially in the US market with the hat being passed around for hundreds of millions of dollars.
Down but not out... DRY CARGO freight rates have slumped, the secondhand market is in the doldrums and few people want to order newbuildings. Are the prophets of doom right to say shipping is heading for a repeat of the mid-1980s slump? Get the verdict of the industry experts.
Hudner at the helm MICHAEL HUDNER became known as the man who lost the tanker Braer and he is not about to try to forget it. He keeps a photo of the ill-fated tanker on his wall to remind himself of how quickly fortunes can change.
Low-flying chocolate WHO SAYS the Baltic Exchange is a dull place? The chocolate mousse was flying when London shipbrokers met for their celebratesd St Valentine's Day Massacre Ball.
Feud gets personal A FEUD between Singapore cruise industry bosses has gone public with Star Cruises president Colin Au speaking out against former company chief Eddy Lee who helped to set up a rival line.
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