Long wait for Navrom creditors Navrom creditors and seafarers face a two year wait for money as bankruptcy proceedings for Romania's largest shipping company drag on, chief executive Ionel Chitu has warned.
Kosovan refugee killed in Calais ferry port shooting A gun battle between two groups of Kosovan refugees at the French port of Calais yesterday left one man dead and two others wounded, writes David Osler.
NOL plunges to a record deficit Neptune Orient Lines reported a record loss of S$438.1m (US$253.6m) for 1998, admitting it had experienced one of the worst years in its history.
Stinnes on track with offering GERMAN logistics and trade group Stinnes AG will go ahead with its initial public offering at the end of the second quarter of 1999.
Malta leads push to adopt new ship arrest convention GOVERNMENTS are being urged to take action aimed at curbing the misery caused by owners abandoning merchant ships.
Premier eyes Edinburgh Castle NEW Premier Cruises president and chief executive Bruce Neirenberg is reported to be interested in buying Edinburgh Castle, the cruiseship which is being sold by the receiver.
Mitsui OSK puts spotlight on golden global accounts MITSUI OSK Lines has formed a top-level committee of senior executives based around the world to focus on the company's key global accounts.
John Hughes is new director at London oil advisory forum Today sees a change in the management of the London based Oil Companies International Marine Forum with the retirement of Dick Oldham, who has been the director of the organisation which concentrates on technical marine issues on behalf of its oil company members, for the past three years.
Nenufar Shipping lance un service régulier spécifique entre Anvers et Marin Le jeune armement espagnol Nenufar Shipping lance ces jours-ci un service de ligne régulier entre le port d'Anvers et le port espagnol de Marin où il dispose de son propre terminal, ceci à la fréquence d'un départ par semaine. Pour ce faire, il a affrété à long terme un PC multipurpose de 4.500 t. dw non-cellulaire et filant 16 noeuds, d'une capacité de 400 TEU, qui bat pavillon allemand. Cette unité opère sous le nom de "Nenufar Europa". La création de ce service s'inscrit dans le contexte d'une philosophie très particulière, propre à un groupe qui, de l'expédition, a évolué vers la fonction de transitaire maritime à prestations intégrées et en fonction de certains segments du marché.
Le secteur fluvial belge est déçu par l'entretien avec les chargeurs Les représentants du secteur fluvial belge étaient très déçus par l'entretien avec les chargeurs qui était organisé lundi à Anvers grâce à l'intervention de Promotie Binnenvaart Vlaanderen. "Nous n'avons reçu que des réponses évasives à nos questions concernant le règlement des tarifs fret couvrant les coûts", déclarèrent les représentants du comité d'action Equipe Batellerie Meilleure (EBM).
Une "Charte de Sécurité" devrait faire baisser les accidents de camions en Belgique Les trois associations professionnelles du transport routier de marchandises ont, dans une initiative commune (une première!) rédigé une Charte de Sécurité à l'intention des transporteurs et des chauffeurs. En y souscrivant, ceux-ci s'engagent à respecter la réglementation et même à prendre des mesures allant au-delà. Le but est de restaurer l'image du secteur et, avec le temps, de faire baisser le nombre des accidents de la route impliquant des camions. L'initiative a été présentée mardi à la presse. Cette conférence de presse marquait le début d'une campagne. La sensibilisation des entreprises de tansport démarre ce mercredi.
Vers une reprise d'AMI par SDV? Les négociations concernant la vente de la filiale d'expédition AMI de la Compagnie Maritime Belge (CMB) devraient aboutir cette semaine. Plusieurs candidats-repreneurs, dont le partenaire/concurrent français Bolloré (via sa filiale SDV) sont sur les rangs.
Attica Orders Two Ferries From HDW Greece's Attica Enterprises reportedly placed a $200 million order for two more Superfast ferries with Germany's Howaldtswerke Deutsche Werft (HDW).
Oil Tops $15 Barrier Recovering world oil prices passed a milestone today, hitting a new 10-month high. International benchmark North Sea Brent broke through the $15 a barrel level for the first time since May 1998, to trade up to $15.30 in afternoon business in London before closing at $15.22. Also today, the U.S. Department of Energy released its annual energy forecast report which said that world demand for crude oil is expected to increase an average of 1.8 percent a year over the next two decades. Based on these projections, DOE said global oil demand would jump to 110 million bpd in 2020, from its current level of 75 million bpd.
EC Likely To Ask Kvaerner Yard For Aid Reimbursement The European Commission is likely to demand German shipyard Kvaerner Warnow Werft reimburse part of the aid it was granted earlier this decade for breaching capacity limits imposed at the time.
Teekay + Bona = $193M In Savings Teekay Shipping Corp.'s takeover of Bona Shipholding is being touted as creating synergies worth up to $193 million for shareholders
TMM To Expand Service Transportacion Maritima Mexicana (TMM) is expanding its transatlantic cargo service between Mexico and northern Europe to from once to twice weekly. The company said in a statement that the new service would begin in April, with a total of 10 ships operating along two different itineraries between northern Europe, U.S. gulf states and Mexico.
NOL To Return To Profitability In '99 Neptune Orient Lines Ltd. (NOL) said it expects to return to profitability in 1999. The group posted a net loss of S$438.16 million for the year ended December 31, 1998, compared with a loss of S$297.30 million the year before.
NCL Preps For NYSE Listing Norwegian cruise company NCL Holding is starting to work towards a listing on the New York Stock Exchange.
First Tanker With Caspian Oil Due In April Ukraine will receive the first Azeri Caspian oil from Georgia's new Supsa oil terminal on the Black Sea in April. Cash-strapped Ukraine, which largely depends on Russian oil supplies, is keen for Azerbaijan to transport its oil from offshore fields in the Caspian to Europe via Ukraine.
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