Singapore yards defy crisis ANALYSTS predict that Singapore's two giant shiprepair groups - Jurong Shipyard and Keppel Corporation - will report positive first half performance from their shipyard operations, as a strong US dollar continues to boost competitiveness.
Riot police raid Subic Bay Freeport building SUBIC Bay Freeport was raided by hundreds of police using tear gas yesterday in an attempt to remove supporters of the dismissed Subic Bay Metropolitan Authority chairman Richard Gordon, who has refused to step down.
Japan braced for belt-tightening FRIDAY'S election of a new leader for Japan's ruling LDP party brings little positive news for either the Japanese or the regional shipping industries.
French call for ports intermodal efficiency A FRENCH government-commissioned report has called for improvements to French ports as part of a five-year plan to develop inter-modal transport.
Korean yards clinch $1bn new orders SOUTH Korea's embattled shipbuilding industry has once again turned predictions of its decline on their head, clocking up newbuilding orders worth over $1bn in recent days.
Five-ship deal for Hyundai MANAGEMENT at Taiwan's Yangming Marine Corp has put pen to paper to firm letters of intent for five post-panamax containerships with Hyundai Heavy Industries at bargain prices, writes Dale Wainwright.
FPS outlook stays positive DESPITE economic problems in Asia and the slump in oil prices, the worldwide outlook for floating production systems remains positive in the longer- term claims an analyst's report.
Changing the rules in a perfect free market SOME non-mariners may wonder what I am talking about here.
MUA defends Sandra Marie role THE MARITME Union of Australia has strongly defended its role in the Sandra Marie saga, blaming Intercontinental's decision to place the vessel up for sale on the Australian Institute of Marine and Power Engineers. One of the MUA's national organisers, Mick Doleman, told DCN on Friday the manning of 11 to which the union did not agree was proposed by the institute. Mr Doleman said the MUA had an agreement with Intercontinental for a cut of three of its members, but not four as proposed by the institute.
Uncertain future for pioneer container ship ONE of the pioneers of containerised shipping to Australia, the Discovery Bay, formerly the ACT 1, could face an ignominious end after suffering a major engine breakdown. The 28,225 dwt containership, which is powered by steam turbines, underwent a boiler cleaning while in Sydney earlier this month. Although she left Sydney, the containership returned a week ago after her master was unhappy with the engine's performance.
Rising Toll claims UTO AGGRESSIVE transport group Toll Holdings is set to spread its wings further, with MIM Holdings Limited announcing on Friday it was planning to sell the freight forwarding operations of Universal Transport Operations to Toll's freight forwarding unit, Carpentaria Transport. Under the undisclosed deal, which is expected to be concluded by mid-August, Carpentaria Transport will perform all freight forwarding requirements for Mount Isa Mines in the Mount Isa region, excluding the product transported by Queensland Rail. MIM said the sale of UTO's freight forwarding operations will result in about 70 positions becoming redundant in Mount Isa, Townsville and Brisbane.
First private rail maintenance contracts near THE FIRST multi-million dollar private tendering contracts under the federal government's rail restructuring program for infrastructure maintenance of the interstate rail network are set to be signed. The Australian Rail Track Corporation, which has owned sections of interstate rail track in Victoria and South Australia since 1 July, confirmed this week it had reached the preferred tender stage for future maintenance works in South Australia.
Alliance green light heralds challenge The four airline alliance between Ansett Australia, Ansett International Air New Zealand and Singapore airlines last week gained final approval from Australia's competition watchdog the ACCC. Integration and cooperative activity of various aspects of operations between the partner airlines is expected to commence as early as next month, in a move which will challenge the dominance of the British Airways, Qantas, American Airlines alliance in the region.
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