Holt withdraws from ACL bid ATLANTIC Container Line shares slipped further yesterday on news that the Holt Group had withdrawn from takeover talks.
Atlantic Companion Atlantic Companion, one of five multipurpose vessels operated by ACL in the Atlantic trades. The company was floated in 1994 after its former owner, the Swedish transport group Bilspedition, decided to withdraw from shipping activities.
India fleet growth concern INDIAN shipowners take some consolation from the fact that the average age of the nation's fleet is 14 years, considerably less than the world average of 17 years.
Delhi revamps Shipping Act India's Merchant Shipping Act, 1958, is undergoing a thorough revamp, writes Shirish Nadkarni, India Correspondent.
Polish Steamship put under pressure by cargo downturn POLAND'S leading bulk operator, Polish Steamship Company, recorded an 0.8m tonnes drop in cargo handling during the first half of 1998.
Philippines gains 99% ISM compliance THE Philippine's Maritime Industry Authority has announced that 99% of the country's overseas vessels covered by the International Safety Management (ISM) Code had achieved compliance. Data from the maritime authority's overseas shipping department showed that out of the Philippine's ocean going fleet of 330 vessels, 187 fall under the category requiring ISM certification.
Asian exporters face further surcharges ASIAN exporters shipping merchandise to Europe and North America face more surcharges as demand for ship space continues to outstrip supply.
UK deters ISM non-compliers A GENERAL cargoship of unknown ownership, sailing under a variety of similar names, has clocked up seven detentions in Paris memorandum countries alone in the last two years.
No Daily News on Monday August 31 AUGUST 31 is a public holiday in the UK. There will be no Daily News service. It will begin again on Tuesday September 1.
Imports hit by China's war on smuggling CHINA'S war on smuggling has sharply slowed the flow of imports.
Japan may finance Colombian port projects JAPAN may provide financing and technical support for a $2bn project to develop Colombia's port, road and rail facilities on the Pacific coast to boost trade with East Asia.
Grounded tanker is refloated TURKISH salvage tugs have successfully refloated the tanker Crudegulf, which grounded while under pilotage in the Bosphorus Strait, Istanbul.
China's crude imports slashed CHINA'S crude oil imports in July fell 23 per cent to 2.55m tonnes from a year earlier, while exports almost doubled.
Great Ocean to raise funds for expansion SHENZHEN-based Great Ocean Shipping is planning to raise fresh capital by issuing 50m more shares to foreign investors and use the proceeds to purchase more coastal ships.
ILO revises drug and alcohol programmes THE International Labour Organisation is to revise and update its drug and alcohol prevention programmes.
Scandinavian rail links up with SeaRail FINNISH and Swedish railways have teamed up with SeaRail to try to increase train ferry traffic between Turku in Finland and Stockholm in Sweden.
Aussie dollar sinks to record low THE Australian dollar has taken a further battering today as a result of the global decline in commodity prices because of the Russian turmoil.
Ukrainian crew reaches wage deal THE 31 crew members of the Ukrainian cruiseship Odessa Sky, which has been under arrest since September 1996, reached agreement yesterday on outstanding salaries.
Chinese place large Japanese orders TWO of China's major operators have placed large orders at Japanese yards.
Family summit called on Anders Wilhelmsen MEMBERS of the two family lines that jointly own the Anders Wilhelmsen shipping group are in talks over the future of the $1.8bn shipping fortune.
Chinese exports up 7 per cent CHINA'S exports grew by seven per cent to $103bn in the first seven months of 1998, according to figures from the Chinese customs authority.
Bonnie shuts US ports A NUMBER of ports on the US east coast were closed this week as Hurricane Bonnie passed through.
IOC-Petronas venture gets go ahead INDIA'S cabinet has approved Indian Oil Corp's proposal to form a joint venture company with Petronas of Malaysia to set up an lpg terminal at Haldia.
Dutch move in on Czech/Slovak rail ROTTERDAM-based port operators have acquired a 53 per cent interest in the Czech/Slovakian rail terminal operator CSKD-Intrans.
The fascination of a superfast containership is still lingering and the economy has recently been putting more and more pressure on the planning of these fast vessels.
Maritime
Marfret launches a service between Houston, Colombia and Venezuela.
X-Press upgrades its activities.
Uniglory introduces a service between Japan and China.
Crisis in Asia affects P&O Nedlloyd results. During the second quarter of 1998 it registered a clear decline of profit.
CMA made a profit in July.
Shipping company Yangming has suffered a decline of its profit.
Sloman Neptun presented a satisfactory result for 1997.
Castle Container Line will introduce a new nvo container service.
ECU-Line offers a new link between Cyprus and Greece.
Ports and Terminals
The Port of London has invested GBP 300 million to remain the largest port in the UK.
Hong Kong stevedores have reached an agreement to construct Container Terminal 9.
The Georgia Port Authority registered another record year in 1997.
Forwarding
UniGroup has establishment a new subsidiary, UniGroup Worldwide Inc.
Danzas will act as general logistics contractor for the worldwide distribution of Roche products.
Van Ommeren has repurchased depositary receipts for ordinary shares up to the 10% maximum.
Aviation
Lufthansa Cargo, Japan Airlines and SAS Cargo will operate a joint Europe-Japan service.
American Airlines now flies nonstop to Manchester.
U-Freight has inaugurated an aircargo facility at Kuala Lumpur International Airport.
UPS has reported increased revenues and profit for the first half of the current year.
Landair is to separate its airfreight activities from road haulage.
Despite the latest record-breaking six months, Air Canada's management is keeping a vigilant eye on expenditure.
The fascination of a superfast containership is still lingering and the economy has recently been putting more and more pressure on the planning of these fast vessels.
Maritime
Marfret launches a service between Houston, Colombia and Venezuela.
X-Press upgrades its activities.
Uniglory introduces a service between Japan and China.
Crisis in Asia affects P&O Nedlloyd results. During the second quarter of 1998 it registered a clear decline of profit.
CMA made a profit in July.
Shipping company Yangming has suffered a decline of its profit.
Sloman Neptun presented a satisfactory result for 1997.
Castle Container Line will introduce a new nvo container service.
ECU-Line offers a new link between Cyprus and Greece.
Ports and Terminals
The Port of London has invested GBP 300 million to remain the largest port in the UK.
Hong Kong stevedores have reached an agreement to construct Container Terminal 9.
The Georgia Port Authority registered another record year in 1997.
Forwarding
UniGroup has establishment a new subsidiary, UniGroup Worldwide Inc.
Danzas will act as general logistics contractor for the worldwide distribution of Roche products.
Van Ommeren has repurchased depositary receipts for ordinary shares up to the 10% maximum.
Aviation
Lufthansa Cargo, Japan Airlines and SAS Cargo will operate a joint Europe-Japan service.
American Airlines now flies nonstop to Manchester.
U-Freight has inaugurated an aircargo facility at Kuala Lumpur International Airport.
UPS has reported increased revenues and profit for the first half of the current year.
Landair is to separate its airfreight activities from road haulage.
Despite the latest record-breaking six months, Air Canada's management is keeping a vigilant eye on expenditure.
The fascination of a superfast containership is still lingering and the economy has recently been putting more and more pressure on the planning of these fast vessels.
Maritime
Marfret launches a service between Houston, Colombia and Venezuela.
X-Press upgrades its activities.
Uniglory introduces a service between Japan and China.
Crisis in Asia affects P&O Nedlloyd results. During the second quarter of 1998 it registered a clear decline of profit.
CMA made a profit in July.
Shipping company Yangming has suffered a decline of its profit.
Sloman Neptun presented a satisfactory result for 1997.
Castle Container Line will introduce a new nvo container service.
ECU-Line offers a new link between Cyprus and Greece.
Ports and Terminals
The Port of London has invested GBP 300 million to remain the largest port in the UK.
Hong Kong stevedores have reached an agreement to construct Container Terminal 9.
The Georgia Port Authority registered another record year in 1997.
Forwarding
UniGroup has establishment a new subsidiary, UniGroup Worldwide Inc.
Danzas will act as general logistics contractor for the worldwide distribution of Roche products.
Van Ommeren has repurchased depositary receipts for ordinary shares up to the 10% maximum.
Aviation
Lufthansa Cargo, Japan Airlines and SAS Cargo will operate a joint Europe-Japan service.
American Airlines now flies nonstop to Manchester.
U-Freight has inaugurated an aircargo facility at Kuala Lumpur International Airport.
UPS has reported increased revenues and profit for the first half of the current year.
Landair is to separate its airfreight activities from road haulage.
Despite the latest record-breaking six months, Air Canada's management is keeping a vigilant eye on expenditure.
The fascination of a superfast containership is still lingering and the economy has recently been putting more and more pressure on the planning of these fast vessels.
Maritime
Marfret launches a service between Houston, Colombia and Venezuela.
X-Press upgrades its activities.
Uniglory introduces a service between Japan and China.
Crisis in Asia affects P&O Nedlloyd results. During the second quarter of 1998 it registered a clear decline of profit.
CMA made a profit in July.
Shipping company Yangming has suffered a decline of its profit.
Sloman Neptun presented a satisfactory result for 1997.
Castle Container Line will introduce a new nvo container service.
ECU-Line offers a new link between Cyprus and Greece.
Ports and Terminals
The Port of London has invested GBP 300 million to remain the largest port in the UK.
Hong Kong stevedores have reached an agreement to construct Container Terminal 9.
The Georgia Port Authority registered another record year in 1997.
Forwarding
UniGroup has establishment a new subsidiary, UniGroup Worldwide Inc.
Danzas will act as general logistics contractor for the worldwide distribution of Roche products.
Van Ommeren has repurchased depositary receipts for ordinary shares up to the 10% maximum.
Aviation
Lufthansa Cargo, Japan Airlines and SAS Cargo will operate a joint Europe-Japan service.
American Airlines now flies nonstop to Manchester.
U-Freight has inaugurated an aircargo facility at Kuala Lumpur International Airport.
UPS has reported increased revenues and profit for the first half of the current year.
Landair is to separate its airfreight activities from road haulage.
Despite the latest record-breaking six months, Air Canada's management is keeping a vigilant eye on expenditure.
The fascination of a superfast containership is still lingering and the economy has recently been putting more and more pressure on the planning of these fast vessels.
Maritime
Marfret launches a service between Houston, Colombia and Venezuela.
X-Press upgrades its activities.
Uniglory introduces a service between Japan and China.
Crisis in Asia affects P&O Nedlloyd results. During the second quarter of 1998 it registered a clear decline of profit.
CMA made a profit in July.
Shipping company Yangming has suffered a decline of its profit.
Sloman Neptun presented a satisfactory result for 1997.
Castle Container Line will introduce a new nvo container service.
ECU-Line offers a new link between Cyprus and Greece.
Ports and Terminals
The Port of London has invested GBP 300 million to remain the largest port in the UK.
Hong Kong stevedores have reached an agreement to construct Container Terminal 9.
The Georgia Port Authority registered another record year in 1997.
Forwarding
UniGroup has establishment a new subsidiary, UniGroup Worldwide Inc.
Danzas will act as general logistics contractor for the worldwide distribution of Roche products.
Van Ommeren has repurchased depositary receipts for ordinary shares up to the 10% maximum.
Aviation
Lufthansa Cargo, Japan Airlines and SAS Cargo will operate a joint Europe-Japan service.
American Airlines now flies nonstop to Manchester.
U-Freight has inaugurated an aircargo facility at Kuala Lumpur International Airport.
UPS has reported increased revenues and profit for the first half of the current year.
Landair is to separate its airfreight activities from road haulage.
Despite the latest record-breaking six months, Air Canada's management is keeping a vigilant eye on expenditure.
Tristar bosses in jail Tristar Shipping Lines of Pakistan is in turmoil following the arrest of two of the company s leading figures over alleged illegal financial practices. Massood Baghpatee (inset) and his brother Mansoor face allegations that they cheated their banks. They are languishing in jail while the government investigation continues and a panel of banks runs the company s affairs. Such is the state of confusion that two of Tristar s bulkers have been prevented from sailing from Karachi. The company has been suffering in the poor dry bulk market and the charges come hard on the heels of the forced sale of one of Tristar s ships to settle unpaid debts.
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