Oil demand in U.S. and Europe "should grow this year" Daniel R. Pickering of investment banker Simmons & Company International yesterday told an audience of offshore industry leaders that exploration and production spending by 31 public oil companies is estimated to be $39.9 billion in 1999, some 31% less than 1998. These same companies spent some $57.9 billion in 1998. But oil demand in the U.S. and Europe shouldn start to grow this year
Trico gets Title XI commitment Trico Marine Services, Inc., Houston, yesterday announced that it has received a commitment from MarAd to provide a Title XI guarantee for mortgage period financing, relating to the construction of two 230-foot deepwater supply vessels.
Emergency preparedness could cut shipowners' insurance premiums With a better understanding of the consequences of ship accidents, gained through a formal computer modeling program of a ship's structural behaviour in a given situation, owners and operators could follow a risk reduction path. This emergency preparedness could be linked to the level of insurance premiums, says Dr David Aldwinckle, manager of Lloyd's Register Ship Emergency Response Service (LR SERS).
Samsung places big order for MacGregor shipboard cranes The total order value is over 110 million Swedish kroner with a possible option for a further 70 million SEK. The cranes are for a series of ten container vessels
Union woes for Newport News and Avondale While Newport News Shipbuiildings proposed merger with Avondale still waits to come to fruition, both yards face labor-related problems.
Per la prima volta i cantieri del Far East potrebbero infrangere il monopolio degli europei Crociere, offensiva asiatica Carnival tratta due navi con coreani e giapponesi mentre Princess si rivolge a Mitsubishi
E Cagliari diventa una tappa del «tour»
Piano di rafforzamento del gruppo Gallozzi in nuove aree e in servizi feeder Salerno si espande nei container
Allo scalo di Genova in diminuzione il traffico di rinfuse e di petrolio
German order frenzy triggers market alert A THREE-day frenzy of German funded ship orders to beat Bonn's tax clampdown threatens to produce a glut of vessels and a new rates meltdown, a leading shipowner has warned.
Five crews abandoned every month AT LEAST five crews are abandoned by shipowners every month, according to a new report from the International Transport Workers' Federation to be launched in Vancouver today.
Profits for HES Beheer after nine years in red AFTER nine years in the red, the group which owns the biggest share of Dutch bulk cargo stevedoring interests has posted a small, but significant, net profit of Fls1.3m ($640,000).
L&L offers call reinsurance The Liverpool & London Steamship Protection and Indemnity Association is offering its members reinsurance protection against unforecast supplementary calls for the 1999-2000 year.
Amer Reefer purchase frees $3.5m frozen cash Amer Reefer has purchased a seventh large refrigerated vessel in a move which also fulfills the terms of its junk bond escrow agreement and frees $3.5m of cash for the company.
Croatia yard wins second contract CROATIA'S resilient shipbuilding industry would appear to be shrugging off any impact of the crisis in neighbouring Serbia by winning its second newbuilding order from a European owner in less than a month.
Ailing Alpha slips deeper into mire ALPHA Shipping, the junk bond company which recently defaulted on an $8m interest payment, slid further into the mire in the first quarter of the current financial year.
Vietnam shipyard completes first repair VIETNAM'S new Hyundai-Vinashin Shipyard has completed its first repair contract with work on an Onassis bulker, marking a watershed for the southeast Asian country's yard sector.
L'OTAN mise sur la destruction de l'infrastructure de transport yougoslave L'OTAN a intensifié l'offensive aérienne sur des cibles stratégiques en Yougoslavie et au Kosovo ces derniers jours. Pas moins de 80 attaques ont été exécutées durant les quatre derniers jours. Des dépots de pétrole, des aéroports, des gares et des ponts sur le Danube ont été détruits ou endommagés.
La navigation électronique gagne sans cesse en importance Wivina Demeester, la ministre flamande des Finances, du Budget et de la Santé remettra symboliquement un 500e programme de navigation à un entrepreneur fluvial à bord du "Seastar" en fin de mois.
La redevance d'utilisation de l'infrastructure à l'agenda du Parlement européen Mardi prochain à Strasbourg, le Parlement européen se penchera sur les propositions de la Commission européenne concernant une rétribution équitable pour l'utilisation de l'infrastructure par le secteur du transport. Les propositions sont basées sur le Livre Blanc du commissaire européen aux Transports Neil Kinnock, qui a élaboré un cadre communautaire pour le calcul des coûts liés à l'utilisation de l'infrastructure de transport dans l'UE.
L'importance économique de l'A4 n'impressionne pas la ministre néerlandaise du Transport La demande d'une décision rapide en ce qui concerne l'achèvement de l'A4 Midden-Delftland émanant des banques et d'un consortium n'impressionne guère la ministre néerlandaise du Transport Tineke Netelenbos. La liaison revête une importance telle pour le port de Rotterdam, que les entreprises sont prêtes à investir à condition que le projet soit co-financé par le ministère du Transport et que le péage ou des bandes payantes soient introduits.
How to cure the ailing liner shipping industry? The ailing container shipping industry ought to take a cure, but expert opinion differs on the nature of the treatment.
Maritime
Lykes/Hapag Lloyd/TMM cooperate in Atlantic service. The three shipping lines are improving the Gulf Atlantic Sprint Service with more port calls and shorter transit times.
Zim Pacific Service will be inaugurated from Shekou on May 7.
D'Amico and Zim charter slots between Europe and North America.
The CMA-CGM group closed 1998 in the black and intends to expand.
ANZDL will deploy faster ships in the Australia-North America trade.
The Greek group Capital Finance is taking over Safmarine's remaining shipping activities.
CMB's weak results in the bulk sector in 1998 were partly offset by other sectors and the sale of its SCL stake.
NOL closed 1998 with an unexpected loss, but looks forward to a financial turnaround this year.
OOIL had a difficult year in 1998 but expects to recover this year.
Sea Containers increases profit.
Forwarding & Logistics
Logistec in Canada posted record results in fiscal 1998.
Fritz Companies recorded a disappointing third quarter.
Danzas showed dramatic gains in net income last year.
Atege is strengthening its cooperation with Aramex in Amman.
Calberson UK and EMO Air Cargo are merging their operations.
Aviation
The first MD-10 was rolled out recently at Long Beach under the largest aircraft conversion project in history.
Swissair launches new flights in its summer timetable.
Austrian Airlines is using its new A340s to boost long-haul services.
British Airways introduces flights to Cuba and Tashkent.
Swiss World Airways is likely to stay grounded for good.
BA World Cargo will open its Special Handling Centre on April 19.
Emirates of Dubai is expanding its airfreight capacity.
FedEx's third quarter results were affected by strike contingency plans.
British Cargo Airlines Alliance demands an end to US discrimination.
How to cure the ailing liner shipping industry? The ailing container shipping industry ought to take a cure, but expert opinion differs on the nature of the treatment.
Maritime
Lykes/Hapag Lloyd/TMM cooperate in Atlantic service. The three shipping lines are improving the Gulf Atlantic Sprint Service with more port calls and shorter transit times.
Zim Pacific Service will be inaugurated from Shekou on May 7.
D'Amico and Zim charter slots between Europe and North America.
The CMA-CGM group closed 1998 in the black and intends to expand.
ANZDL will deploy faster ships in the Australia-North America trade.
The Greek group Capital Finance is taking over Safmarine's remaining shipping activities.
CMB's weak results in the bulk sector in 1998 were partly offset by other sectors and the sale of its SCL stake.
NOL closed 1998 with an unexpected loss, but looks forward to a financial turnaround this year.
OOIL had a difficult year in 1998 but expects to recover this year.
Sea Containers increases profit.
Forwarding & Logistics
Logistec in Canada posted record results in fiscal 1998.
Fritz Companies recorded a disappointing third quarter.
Danzas showed dramatic gains in net income last year.
Atege is strengthening its cooperation with Aramex in Amman.
Calberson UK and EMO Air Cargo are merging their operations.
Aviation
The first MD-10 was rolled out recently at Long Beach under the largest aircraft conversion project in history.
Swissair launches new flights in its summer timetable.
Austrian Airlines is using its new A340s to boost long-haul services.
British Airways introduces flights to Cuba and Tashkent.
Swiss World Airways is likely to stay grounded for good.
BA World Cargo will open its Special Handling Centre on April 19.
Emirates of Dubai is expanding its airfreight capacity.
FedEx's third quarter results were affected by strike contingency plans.
British Cargo Airlines Alliance demands an end to US discrimination.
How to cure the ailing liner shipping industry? The ailing container shipping industry ought to take a cure, but expert opinion differs on the nature of the treatment.
Maritime
Lykes/Hapag Lloyd/TMM cooperate in Atlantic service. The three shipping lines are improving the Gulf Atlantic Sprint Service with more port calls and shorter transit times.
Zim Pacific Service will be inaugurated from Shekou on May 7.
D'Amico and Zim charter slots between Europe and North America.
The CMA-CGM group closed 1998 in the black and intends to expand.
ANZDL will deploy faster ships in the Australia-North America trade.
The Greek group Capital Finance is taking over Safmarine's remaining shipping activities.
CMB's weak results in the bulk sector in 1998 were partly offset by other sectors and the sale of its SCL stake.
NOL closed 1998 with an unexpected loss, but looks forward to a financial turnaround this year.
OOIL had a difficult year in 1998 but expects to recover this year.
Sea Containers increases profit.
Forwarding & Logistics
Logistec in Canada posted record results in fiscal 1998.
Fritz Companies recorded a disappointing third quarter.
Danzas showed dramatic gains in net income last year.
Atege is strengthening its cooperation with Aramex in Amman.
Calberson UK and EMO Air Cargo are merging their operations.
Aviation
The first MD-10 was rolled out recently at Long Beach under the largest aircraft conversion project in history.
Swissair launches new flights in its summer timetable.
Austrian Airlines is using its new A340s to boost long-haul services.
British Airways introduces flights to Cuba and Tashkent.
Swiss World Airways is likely to stay grounded for good.
BA World Cargo will open its Special Handling Centre on April 19.
Emirates of Dubai is expanding its airfreight capacity.
FedEx's third quarter results were affected by strike contingency plans.
British Cargo Airlines Alliance demands an end to US discrimination.
How to cure the ailing liner shipping industry? The ailing container shipping industry ought to take a cure, but expert opinion differs on the nature of the treatment.
Maritime
Lykes/Hapag Lloyd/TMM cooperate in Atlantic service. The three shipping lines are improving the Gulf Atlantic Sprint Service with more port calls and shorter transit times.
Zim Pacific Service will be inaugurated from Shekou on May 7.
D'Amico and Zim charter slots between Europe and North America.
The CMA-CGM group closed 1998 in the black and intends to expand.
ANZDL will deploy faster ships in the Australia-North America trade.
The Greek group Capital Finance is taking over Safmarine's remaining shipping activities.
CMB's weak results in the bulk sector in 1998 were partly offset by other sectors and the sale of its SCL stake.
NOL closed 1998 with an unexpected loss, but looks forward to a financial turnaround this year.
OOIL had a difficult year in 1998 but expects to recover this year.
Sea Containers increases profit.
Forwarding & Logistics
Logistec in Canada posted record results in fiscal 1998.
Fritz Companies recorded a disappointing third quarter.
Danzas showed dramatic gains in net income last year.
Atege is strengthening its cooperation with Aramex in Amman.
Calberson UK and EMO Air Cargo are merging their operations.
Aviation
The first MD-10 was rolled out recently at Long Beach under the largest aircraft conversion project in history.
Swissair launches new flights in its summer timetable.
Austrian Airlines is using its new A340s to boost long-haul services.
British Airways introduces flights to Cuba and Tashkent.
Swiss World Airways is likely to stay grounded for good.
BA World Cargo will open its Special Handling Centre on April 19.
Emirates of Dubai is expanding its airfreight capacity.
FedEx's third quarter results were affected by strike contingency plans.
British Cargo Airlines Alliance demands an end to US discrimination.
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