Liberian flag peace LIBERIA and International Registries Inc, which has operated the Liberian shipping register for the last 50 years, have settled their bitter legal dispute that has clouded fortunes of one of the world's largest registers over the past year.
ICB founder 'may sell to Frontline' Björn Andren, one of ICB Shipping's founders, is reportedly considering the sale of his key shareholding in the Swedish tanker company to rival Frontline.
Bergesen warns of trouble ahead Bergesen, Norway's largest shipping group, has warned of a continuing decline in profits over the next six months after lower gas and dry bulk freight income knocked 32% off its first quarter operating margin.
CGU pessimistic of recovery in the London marine market UK composite insurer CGU said yesterday that there were still few signs of recovery in the London marine insurance market, with marine rates this first quarter approximately 5% lower than in the first three months of 1998.
P&O Nedlloyd set for spending spree NEDLLOYD may use some of the cash generated from recent asset sales to fund further expansion of P&O Nedlloyd in which the Dutch group has a 50% stake.
UK trucker hours plea backlash A ROW is brewing over British government proposals to exempt self-employed lorry drivers from new European Commission working time directives.
10,000 Europe yard jobs at risk A leading European shipbuilder has predicted that 10,000 people will lose their jobs because of Far East competition, now spreading to the cruise sector, and Kvaerner's withdrawal.
Swedish call for green ferry initiative The shipping sector needs to regain the competitive edge in its environmental performance against other modes of transport, a leading official of the Swedish Maritime Administration has said.
Evergreen ramène sa rotation tour du monde à 70 jours L'armement Evergreen vient de procéder à un réaménagement de divers services, notamment ceux qui concernent le transpacifique, ceci pour inclure une relation Corée/Japon-côte ouest des USA. Il a également apporté des changements dans sa desserte de l'Amérique du Sud, côte est. Enfin, depuis quelques semaines, il a ramené le délai de la rotation de son service tour du monde à 70 jours.
AviaPartner veut forcer le lancement des opérations allemandes de handling par voie juridique AviaPartner GmbH, la filiale allemande du spécialiste belge des services aéroportuaires, saura dans quelques jours si elle pourra lancer ses activités de handling à Munich. Le concurrent Acciona avait protesté en février contre l'attribution de la concession. Acciona avait fait la même chose pour le contrat d'AviaPartner pour Hanovre, mais le juge y a déjà rejeté l'opposition.
G. Boschetti, CEO d'Iveco: "Une concentration ne se produira que dans trois ou quatre ans dans les poids lourds" Giancarlo Boschetti, CEO d'Iveco, estime qu'il y aurait eu une belle complémentarité avec Volvo si une acquisition du groupe suédois par le groupe Fiat avait pu se faire. "Mais je n'ai pas de regret. A titre personnel, j'ajouterais que je préférerais une alliance lorsque notre gamme de poids lourds sera mieux développée", a-t-il dit. Lorsque nous lui avons demandé s'il espère que Scania sera encore libre d'ici là, il nous a répondu par un sourire complice. Les réponses se trouvent souvent dans les non-réponses.
Exel ouvre un centre de distribution à Hasselt Le prestataire de services logistiques britannique Exel Logistics a signé la semaine passée un accord de location pour un centre de distribution à Hasselt d'une superficie de 10.000 m2. Exel y assurera la distribution d'équipements médicaux pour l'Europe du Nord. Hasselt signifie pour Exel une nouvelle base après celles d'Anvers, Zaventem, Overijse, Nivelles et Ternat. Ce dernier centre sera cependant remplacé en fin d'année par un autre plus efficace à Vilvoorde.
Avondale Board Approves Litton Talks Avondale Industries Inc.'s board of directors approved beginning talks with Litton Industries Inc. regarding Litton's $38-per-share cash offer for Avondale.
German Shipbuilding Orders Drop Germany's VSM shipbuilding association said its country's shipbuilders took in seven percent fewer orders last year, as sales in 1998 fell to 7.6 billion marks. VSM cited pricing policies of competing shipyards in South Korea as a primary culprit for the drop.
Bergesen 1Q Down 24% Bergesen d.y. reportedly posted a 24 percent drop in first quarter operating profits, hit by weak gas and tankers markets, and forecast weak demand would batter full-year earnings.
P&O Nedlloyd Loss Declining Container shipping company P&O Nedlloyd reported that first quarter operating losses declined $4 million to $22 million compared with the same period of 1998. Average revenues per TEU slipped to $1,297 from $1,417 .
Oil Prices Drop The undulating price of oil dove again on Wednesday, as futures for benchmark June Brent blend closed 39 cents lower at $15.57 per barrel after slumping 48 cents on Tuesday. Oil had peaked at $17.10 last week. The impetus: U.S. inventory statistics show a surprisingly large build in stocks of U.S. gasoline.
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