Singapore yard giants to merge KEPPEL Shipyard and Hitachi Zosen Singapore, two of the 'Big Four' shiprepair yards in the Lion Republic, are to merge in a deal worth around Sing$265m ($163m).
Patrick goes on the attack after share suspension TRADING in Lang Corporation shares were temporarily suspended on the Australian Stock Exchange yesterday pending a statement from the company.
Bona unveils plans for change of tax residence BONA Shipholding has announced plans to change its tax residence before the end of 1999.
Port activities lift Hutchison group profits A STRONG performance from Hutchison Whampoa's ports helped the group to further profits progress in 1997.
Hampton Roads unrest THE Port of Hampton Roads, the US Atlantic coast's second-busiest shipping facility after New York, faces a strike by lorry operators who say that port delays are costing them money.
Canada summit backs action to make ships safe SUBSTANDARD ships can be driven from the seas if flag states fulfil their obligations to international safety standards and port states increase enforcement measures, writes Alan Daniels, Vancouver.
Vlasov lifts stake in MC Shipping THE Vlasov Group has lifted its stake in MC Shipping to almost 50% following the completion of a ships-for-shares and cash deal.
TSA to impose 'temporary surcharge' THE Transpacific Stabilisation Agreement (TSA) is to impose a "temporary peak season surcharge" of $100 per 40 ft container for all Asian origination cargo except Japan, writes Matthew Flynn, Hong Kong Correspondent.
Austal targets high-speed freight market AUSTRALIAN fast ferry builder Austal aims to break into the high-speed ocean freight market niche armed with a new series of conceptual designs.
Asia crisis will hit Clarksons' profits ASIA'S economic crisis will have an adverse impact on profits at Clarksons, the leading shipbroker.
Trans-Pacific carriers set new surcharges MEMBER lines of the Transpacific Stabilization Agreement (TSA) are to introduce three new freight surcharges.
Derbyshire report 'is just conjecture' THE UK/EC assessors report into the Derbyshire sinking is just conjecture, says Capt David Ramwell, an advisor to the Derbyshire Families Association.
Sjaastad elected NSA chairman BJORN Sjaastad, md of the Bergen-based chemical carrier group Odfjell, has been elected the new chairman of the Norwegian Shipowners' Association.
Loki shareholders approve convertible bond AN extraordinary shareholders' meeting of the Norwegian shipping investment company Loki has approved the board's plan to issue a convertible bond.
Bunker sales hit by South Korea's woes BUNKER sales volumes out of South Korea have taken a battering as a result of Asia's current economic crisis.
Intertanko chief calls for zero tolerance SHIPPING has been too tolerant of sub-standard owners for too long, according to Intertanko chairman Richard du Moulin.
V ships and Radisson form joint venture MONTE Carlo-based V Ships has formed a joint venture with Fort Lauderdale-based Radisson Seven Seas Cruises covering the marketing and operation of a new 490-passenger cruise ship.
USCG to propose automated information system US COAST Guard is to put forward a proposal for a ship automated information system (AIS) at the IMO navigation sub-committee meeting this summer.
Bank forecloses on Madrigal vessel MANILA-based Far East Bank and Trust has initiated a foreclosure proceeding on the Panamanian-flag reefer vessel Alicia.
CSL to rebuild self-unloaders CANADA Steamships Line (CSL) will spend C$100m ($70m) during the next three years to have new forebodies built for three of its Great Lakes self-unloaders.
Merged MOU reaffirms commitment to safety THE first ever merged meeting of the Paris and Tokyo MOUs concluded with a commitment to to the IMO and to improved training of port state control personnel.
SCT orders post-panamax cranes SHEKOU Container Terminals (SCT) in southern China has placed a $10m order for two post-panamax cranes.
Cologne propose de devenir un hub d'hinterland d'Anvers Selon l'oberburgermeister Burger de Cologne, sa ville dispose des atouts nécessaires pour jouer le rôle de hub d'hinterland du port d'Anvers. C'est ce qu'il a déclaré à l'occasion de la visite de la délégation du port scaldien dans la cité rhénane. Il a apporté son soutien au Rhin d'Acier, mais y couple une condition.
MSC prépare la desserte directe des Caraïbes et du Mexique Il y a quelques jours, l'armement Mediterranean Shipping Cy (MSC) a procédé à l'acquisition auprès de Hyundai de quatre porte-containers de 3.000 TEU, dont la direction évalue pour l'instant les possibilités d'affectation. Cet exercice est d'autant plus nécessaire que l'armement projette à très court terme le lancement de nouveaux services containérisés au départ de l'Europe du Nord.
Corneel Geerts en groupage sur le Caucase Le groupe de transport Corneel Geerts, qui est actif sur le marché géorgien via la joint-venture CG East depuisla fin 1996, a l'intention de lancer un service de groupage bimestriel sur cette destination à partir de la première semaine d'avril. L'entreprise se dit très satisfaite des résultats de sa filiale à Tbilisi.
Azimut Services confie sa manutention à la Noord Natie L'entreprise anversoise de groupage Azimut Services confiera le traitement de ses containers au complexe de la Noord-Natie dans la zone logistique de Berendrecht (Haven 650) à partir du premier avril prochain. Outre cette opération, Azimut a également l'intention de développer et approfondir son éventail mondial de services. Ces nouvelles initiatives illustrent la percée d'une entreprise anversoise dont les observateurs prétendaient à sa création il y a deux ans qu'elle n'avait aucune chance de réussir. C'est ce que nous ont confié l'administrateur délégué Patrick Wouters et le directeur-général Daniel Welleman.
UDL confirms Rotorua departure Intense competition and depressed rates were yesterday blamed for the removal of Union Rotorua, one of the three roll-on roll-off ships operated on the trans-Tasman trade. Australia New Zealand Direct Line announced that it will not be renewing the charter on the vessel, previously used on the dedicated Australian service under the Union Direct Line brand name. The company intends to operate a streamlined two ship service bolstered by feeders through the hub port of Wellington.
Patrick denies 'deliberate collapse' Patrick yesterday strenuously denied Maritime Union of Australia claims that the stevedore was deliberately engineering its own collapse in order to sell the company without the workforce. Patrick director Bill Clayton described the scenario as nonsense, saying he had spent considerable time at teach meeting with the union stressing to its leaders the serious harm which was inflicted on the company by the union actions.
Four more airports sold The federal government yesterday announced the identities of its preferred purchasers of four more airports under the second phase of its airport sales program. The Ministers for Transport and Finance Mark Vaile and John Fahey said the sale of the remaining 'phase 2' airports - Archerfield in Queensland, Essendon in Victoria, Darwin and Tennant Creek - were expected to be finalised by 30 June this year following the participation of interested consortia in a limited re-bid process.
AMC 'launches' new simulator The Australian Maritime College's $4.5 million integrated marine simulator will be commissioned by Federal Minister for Employment Education Training and Youth Affairs Warwick Smith in Launceston tomorrow. The facility comprises a ship handling and ship operations simulator which, according to the college, can provide diagnostic training over a few days equivalent to years of "hands on" experience.
Beaufort under further attack Australian Peak Shippers Association executive president Frank Beaufort has come under further attack for recommending shippers avoid stevedore Patrick during the company's protracted dispute with the Maritime Union of Australia. After harsh criticism from Workplace Relations Minister Peter Reith, Mr Beaufort's views have also been slammed by the Australian Chamber of Shipping, the Australian Chamber of Commerce and Industry and the Western Australian Shippers council.
Chemical clouds ASIA'S economic turmoil has left the region's chemical tanker operators facing a crisis of their own. The confidence brought about by years of growth has evaporated as consumers duck for cover.Owners who invested heavily in newbuildings are now having to cope with loss-making rates just as a surge of new tonnage floods on to the market.TradeWinds takes an extensive look at the region's trade and players.On the other side of the world, there is at least one chemical tanker operator who feels bullish enough to order newbuildings.
Intercargo swings axe DRY CARGO owners' organisation Intercargo is facing financial trouble, forcing it to slim down headquarters staff. The cutbacks comes as some owners may be having second thoughts about their continuing membership.
Punchbag Peraticos DOYEN SHIPOWNER Michael Peraticos is facing fresh trouble over his involvement with the Elefsis shipyard with banks connected to the Greek government demanding $40m. There are claims political motives are at work.
Air-to-sea missile CREDITORS of the Black Sea Shipping Company are planning to put pressure on the Ukrainian government by threatening to arrest an aircraft.
Building frenzy WHAT IS GOING on in Chinese shipbuilding? The country has never won an order to build a VLCC, but yet another scheme to build a giant dock is being planned.
Scrapper's long march CHINESE shipbreaking is on the verge of a revival. But will it regain its former glory of the early '90s when it was the world's largest shipbreaker?
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