Names fury at Lloyd's payout LLOYD'S may be forced to back down on new rules that have slashed the profits paid to thousands of names.
Korea Standoff South Korean navy personnel man a gun during a operation yesterday on a vessel off TaeYonpyong Island in South Korean waters. They were urged not to fire first, but to be ready to strongly counter any aggression. Meanwhile, the United Nations Command in South Korea said North Korea had accepted its proposals for a meeting to discuss the week-long naval standoff, which began when vessels from the north crossed the boundary set in 1953, with talks likely to begin tomorrow.
Kvaerner NKr2bn share issue oversubscribed Kvaerner said its NKr2bn ($256m) share issue had been oversubscribed.
'Sad day' as Saga accepts Hydro-Statoil takeover Saga Petroleum has reluctantly recommended a takeover by Norwegian industrial group Norsk Hydro and state oil firm Statoil after French giant Elf Aquitaine bowed out of a bidding war.
Crinavis plans for Monaco breakwater Work has started to prepare dry dock facilities at the former shipyard in Crinavis, in the Bay of Gibraltar near Algeciras, for construction of what is claimed will be the largest floating breakwater in the world, destined for the port of La Condamine in Monaco.
Semple Cochrane takes Penzance Drydock lease The successful Scotland-based Semple Cochrane has taken over Penzance Drydock, owned by West Country entrepreneur Peter de Savary.
Italy gets new ferry terminals Ferry passengers leaving Italy from Genoa and Savona will from this summer travel through brand new terminals fitted with the facilities to make the beginning of their holiday a more relaxed one.
Maersk fleet introduction The AP Möller Group has introduced the 13th of its large K and S class container vessels to the Maersk fleet. The 8,000 teu, 105,000 dwt Søro Maersk suceeds seven units of the S class built at the company's Odense yard. The smaller K class comprises five vessels of about 84,900 dwt. S'ro Maersk will be deployed on the new AE5 US west coast extension to Maersk's Europe-Far East container service.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
