Banker attacks German yard aid SHIPBUILDING aid paid to German yards had delayed necessary restructuring within the industry, a leading shipping banker told German shipyard managers yesterday.
Lloyd's names launch fight to retain status THE Association of Lloyd's Members, the mainstream body of Lloyd's individual names, spoke out publicly for the first time yesterday against any moves to oust Lloyd's names in favour of permanent capital.
Dutch chemical sector lifts profits DUTCH Chemical Industry Association VNCI, which counts Rotterdam's extensive chemical and petrochemical producers as a big part of its membership, said the sector's annual profits were up last year by a solid 22% to Fls7.1bn.
Marubeni seeks stake in Philippine box port JAPANESE industrial conglomerate Marubeni Corp is reportedly negotiating for a stake in a container port project to be built in Bauan, Batangas, south of Manila.
Bid to halt new US port tax THE US Congress' Louisiana Delegation, whose influence is often felt on Capitol Hill and at the White House, has urged the Clinton administration to postpone for at least a year any efforts to implement an alternative to the reviled Harbour Maintenance Tax.
Reefer detained in Bremerhaven The Ukrainian registered reefer ship Parkhomenko has been detained for three days by German authorities at the port of Bremerhaven while loading a consignment of fish. The 5,205 gt vessel, built in 1968, was allowed to continue after repairs were made to lifeboats and firefighting equipment.
ABS warning over rudder inspections FAILURE to implement adequate preventive maintenance and inspection regimes are causing unnecessary and costly rudder damage and rudder failures, according to classification society American Bureau of Shipping (ABS).
Blohm + Voss wins block booking for Moller 'M' class GERMANY'S Blohm + Voss (B+V) has won a seven-ship block booking from Denmark's AP Moller involving half the company's 'M' class containerships.
Port Authority drops plans to join bunker company SRI Lanka Ports Authority (SLPA) has shelved plans to take part in a private company set up by four ship agents to provide bunkers and other services in Colombo Port.
Pertamina scales down overseas offices INDONESIA'S national oil company Pertamina is in the midst of downsizing its overseas operations in the wake of the Asian region's currency crisis.
Mirzan Mahathir leaves PNSL Holdings MIRZAN Mahathir, eldest son of Malaysia's prime minister Dr Mahathir Mohamad, has resigned as a company director from PNSL Holdings, formerly Diperdana Corp.
Yang Ming plans to order ten boxships YANG MING Marine is planning to order ten new 1,100-1,500 teu ships at a cost of NT$7bn ($208m) and raise NT$10.3bn in funds within three years for fleet expansion.
HK wants to improve status as a shipping centre HONG Kong Shipowners' Association is seeking ways to improve Hong Kong's status and competitiveness as a shipping centre.
Asians vote for new hull underwriting facility DELEGATES attending the seventh Asian Shipowners Forum meeting in Australia have unanimously agreed to set up a new marine hull underwriting facility.
PSA takes concession to run Genoa box terminal PSA Corp took its first step in European port operations with the official presentation of a certificate to run Voltri Terminal Europa (VTE) by Genoa Port Authority yesterday.
Malta builders threaten strike over Ulstein report WORKERS at Malta Shipbuilding Co reacted angrily to the results of a due diligence exercise carried out by potential purchaser Ulstein.
CP Railway to sell coastal shipping CANADIAN Pacific Railway is seeking bids for its Coastal Marine Operations division.
Filipino crewing agents press for reform FILIPINO crewing terms need reviewing, crewing agents have told the Philippine Overseas Employment Administration.
Color Line's gaming row settled A DISPUTE between Color Line, the Norwegian cruise ferry group, and the country's Ministry of Justice over gaming on board Color's ships has been settled.
Asian chemical demand set for growth DEMAND for chemicals in Asia will grow by four to six per cent per annum until the year 2002, according to David Chin, deputy ceo of Singapore's Trade and Development Board.
Hopeful signs emerge on Australia's waterfront AUSTRALIA'S stevedoring workforce is likely to be reduced by mutual consent following peace talks involving the MUA and Patrick.
Dutch improve share of Rhine trade DUTCH ships carried 53 per cent of cargo to and from German river Rhine ports in 1997, according to figures from Germany's Federal Statistics Office.
Italy seeks LatAm trade boost ITALY'S transport minister Claudio Burlando has announced a commercial mission to South America to develop new business for Italian operators.
Panama action angers Filipino agents FILIPINO crewing agents have demanded the Philippine Overseas Employment Administration take jurisdiction over a compensation case filed in Panama.
Suharto's empire starts crumbling SUHARTO'S extensive business network has started to crumble following his resignation last week.
Ease burden on owners: Hurlstone The chairman of the Asian Shipowners Forum, John Hurlstone has issued a plea to domestic and international shipping regulators and environmental lobby groups to relieve shipowners of the increasing regulatory burden on their operations. He said the current controls placed on ships were onerous in terms of manpower, time and maintenance of ship board and shore management systems.
Progress 'being made' but parties likely to miss deadline The Australian Industrial Relations Commission yesterday continued to chair a private conference on the rationalisation of the Stevedoring Industry Award 1991, although the parties are now unlikely to make the deadline of 30 June to finalise their discussions. Described as an award stripping exercise by the waterfront unions, the process has just over four weeks to run.
Second avgas tax cut comes into force The second phase of the government's decision to abolish Airservices Australia's component of the excise on avgas was implemented on Monday providing the general aviation sector with a potential 2.6 cents per litre saving, if its is passed on by fuel suppliers. Transport minister Mark Vaile said the next phase in the avgas tax reduction regime would remove the remaining 13 cents per litre paid to AA following the introduction of location specific pricing for terminal navigation services.
Port of Karumba dredging begins The Queensland government's $7 million dredging project at the port of Karumba, designed to increase channel depth to 3.4 metres to provide Pasminco Ltd with port access for its Century zinc project, will get underway next week. Queensland Minister for Transport and main Roads, Vaughan Johnson, said the Karumba dredging will allow for the port to accommodate the Pasminco Century project barge. The 5100-tonne barge will transport zinc concentrate from the port to 30,000 tonne mother ships up to 40 kilometres out to sea.
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