PGS to prune seismic fleet Petroleum Geo-Services ASA says that "in light of current and projected market conditions" it will continue reorganizing its operations and will continue to remove older, less productive seismic equipment from the market.
Surety bond used in ResidenSea construction financing The London-based Centre group of companies, a member of the Zurich Financial Services Group, has provided an innovative insurance guarantee to Residensea Ltd.,
Princess cruises occupancy up again Statistics for P&O's Cruises Division show that its Princess brand had an excellent third quarter
U.K. will subsidize ship conversion projects Britainhas announced the extension of eligibility for the Shipbuilding Intervention Fund (SIF) to include conversion contracts up to 2.25 per cent of contract value.
Aframax delivered to Mobil-Qatar joint venture The Aframax double-hull crude carrier Ras Laffan has been delivered to QM Tanker Co., LLC, a joint venture company owned 50/50 by Mobil Shipping and Transportation Company (MOSAT) and Qatar Shipping Company.
Major waterways acquisition completed Kirby Corporation, Houston, has completed its acquisition of Hollywood Marine, Inc.
Kurz poised to lead IRI Gerhard kurz is to quit as president of Mobil Shipping and Transportation to join International Registries Inc in a leadership role, according to reliable sources in New York.
Paniguian heads for Middle East RICHARD Paniguian, chief executive of BP Amoco Shipping, has left the post for a new position within the oil major.
Christiania and Merita to create giant IF Norway's Christiania Bank decides to accept MeritaNordbanken's $3bn takeover bid next week, the merger will create a heavyweight ship financier with a portfolio in excess of $6bn.
Neptune Orient Lines shares rated a high-risk buy NEPTUNE Orient Lines offers investors a "classic turnaround story", says Salomon Smith Barney, which has rated the company's shares as a "buy, high risk".
Shareholders approve Attica union with Strintzis SHAREHOLDERS of stocklisted Greek ferry company Attica Enterprises yesterday approved a Dr67bn ($220m) capital increase to seal the firm's union with Strintzis Lines, under a deal which creates one of the most powerful ferry groupings in Europe.
Brussels backs pollution co-operation IMPROVEMENTS to co-operation between European Union Member States to deal with accidental marine pollution are to be put in train, following political agreement by the EU's Council of Ministers (Environment) over a new continent-wide system.
Marad chief steps up pressure on Japan A TOP US maritime official has launched a two-day set of meetings in Tokyo to press the Japanese government to honour its 1997 pledges to reform its waterfront.
CMA faces arbitration over charter payments NORDDEUTSCHE Verm'gensanlage, the German shipping investment company led by Bernd Kort'm, has prepared an arbitration claim against the French container line CMA for outstanding charter payments, according to German market sources.
URS et Les Abeilles vont-ils développer des activités communes à terme? Le groupe belge Gevaert vient de prendre une participation de 5% dans le groupe français Bourbon, coté sur le second marché boursier français. Ce groupe français dont les activités sont très diversifiées réalisa l'année dernière un CA de près d'un mia. d'EUR. La transaction a porté sur 560 mio. de BEF, soit 14 mio. d'EUR.
La réforme du pavillon tarde toujours en France Le ministre Jean-Claude Gayssot reconnaît en s'adressant aux armateurs: "Je sais que certains d'entre vous sont irrités". De son côté, le président des armateurs n'est guère optimiste: "Notre pavillon est aujourd'hui totalement décroché de la compétition européenne et mondiale". Dénominateur commun des deux remarques: des réformes qui s'enlisent dans les réflexions et des promesses qui tardent à être tenues.
Dentressangle affiche des résultats semestriels en retrait Le tassement du commerce extérieur français et la hausse des coûts d'exploitation ont provoqué un effet ciseaux qui a pénalisé les résultats du groupe, notamment pour ses activités de transport. En revanche, la branche logistique enregistre des résultats supérieurs aux prévisions.
Schenker adapte le concept td du "grossiste" au "détaillant" Le lancement officiel des services à délai garanti de Schenker a également introduit le concept de délai garanti au niveau des entreprises de distribution. Par cette initiative, le groupe allemand espère pouvoir offrir aux chargeurs un système jusqu'à présent uniquement disponible auprès des intégrateurs.
Danzas in the champions' league. Peter Wagner talks about the biggest challenges of integrating Nedlloyd and ASG with Danzas, and the possibility of more acquisitions.
Maritime
CSG on course to expand. China Shipping (Group) Company is strengthening its existing services and plans to enter the North Atlantic.
The European Community Shipowners' Associations (Ecsa) is cautiously hopeful of a stable environment for ocean shipping in the future.
Viewpoint: Pragmaticus examines the influence of authorities which take no responsibility for the results.
Taca's Business Plan for 2000.
Ports and Terminals
Philadelphia revamps its European marketing representation.
Hamina orders Kalmar equipment.
German ports set up a joint platform to boost their competitiveness.
10 millionth container at Shanghai.
Intermodal
Russia's inland shipping sector wants to expand, but is frustrated by slow progress in opening up inland ports and waterways.
P&O Trans European in Poland.
Rotterdam's RSC is expanding.
The world's largest reciprocating compressor travels across France by water.
Calendar of events: Intermodal 99, London, in December.
Aviation
Federal Express has opened its new European hub at Paris CDG and launched the "EuroOne Network".
Delta signs another codesharing agreement to serve Africa, this time with SAA to South Africa.
Martinair increases rates, announces its winter timetable and appoints two new agents.
Lufthansa Cargo wants to strengthen its market position, preferably in a logistics association.
Danzas in the champions' league. Peter Wagner talks about the biggest challenges of integrating Nedlloyd and ASG with Danzas, and the possibility of more acquisitions.
Maritime
CSG on course to expand. China Shipping (Group) Company is strengthening its existing services and plans to enter the North Atlantic.
The European Community Shipowners' Associations (Ecsa) is cautiously hopeful of a stable environment for ocean shipping in the future.
Viewpoint: Pragmaticus examines the influence of authorities which take no responsibility for the results.
Taca's Business Plan for 2000.
Ports and Terminals
Philadelphia revamps its European marketing representation.
Hamina orders Kalmar equipment.
German ports set up a joint platform to boost their competitiveness.
10 millionth container at Shanghai.
Intermodal
Russia's inland shipping sector wants to expand, but is frustrated by slow progress in opening up inland ports and waterways.
P&O Trans European in Poland.
Rotterdam's RSC is expanding.
The world's largest reciprocating compressor travels across France by water.
Calendar of events: Intermodal 99, London, in December.
Aviation
Federal Express has opened its new European hub at Paris CDG and launched the "EuroOne Network".
Delta signs another codesharing agreement to serve Africa, this time with SAA to South Africa.
Martinair increases rates, announces its winter timetable and appoints two new agents.
Lufthansa Cargo wants to strengthen its market position, preferably in a logistics association.
Danzas in the champions' league. Peter Wagner talks about the biggest challenges of integrating Nedlloyd and ASG with Danzas, and the possibility of more acquisitions.
Maritime
CSG on course to expand. China Shipping (Group) Company is strengthening its existing services and plans to enter the North Atlantic.
The European Community Shipowners' Associations (Ecsa) is cautiously hopeful of a stable environment for ocean shipping in the future.
Viewpoint: Pragmaticus examines the influence of authorities which take no responsibility for the results.
Taca's Business Plan for 2000.
Ports and Terminals
Philadelphia revamps its European marketing representation.
Hamina orders Kalmar equipment.
German ports set up a joint platform to boost their competitiveness.
10 millionth container at Shanghai.
Intermodal
Russia's inland shipping sector wants to expand, but is frustrated by slow progress in opening up inland ports and waterways.
P&O Trans European in Poland.
Rotterdam's RSC is expanding.
The world's largest reciprocating compressor travels across France by water.
Calendar of events: Intermodal 99, London, in December.
Aviation
Federal Express has opened its new European hub at Paris CDG and launched the "EuroOne Network".
Delta signs another codesharing agreement to serve Africa, this time with SAA to South Africa.
Martinair increases rates, announces its winter timetable and appoints two new agents.
Lufthansa Cargo wants to strengthen its market position, preferably in a logistics association.
Danzas in the champions' league. Peter Wagner talks about the biggest challenges of integrating Nedlloyd and ASG with Danzas, and the possibility of more acquisitions.
Maritime
CSG on course to expand. China Shipping (Group) Company is strengthening its existing services and plans to enter the North Atlantic.
The European Community Shipowners' Associations (Ecsa) is cautiously hopeful of a stable environment for ocean shipping in the future.
Viewpoint: Pragmaticus examines the influence of authorities which take no responsibility for the results.
Taca's Business Plan for 2000.
Ports and Terminals
Philadelphia revamps its European marketing representation.
Hamina orders Kalmar equipment.
German ports set up a joint platform to boost their competitiveness.
10 millionth container at Shanghai.
Intermodal
Russia's inland shipping sector wants to expand, but is frustrated by slow progress in opening up inland ports and waterways.
P&O Trans European in Poland.
Rotterdam's RSC is expanding.
The world's largest reciprocating compressor travels across France by water.
Calendar of events: Intermodal 99, London, in December.
Aviation
Federal Express has opened its new European hub at Paris CDG and launched the "EuroOne Network".
Delta signs another codesharing agreement to serve Africa, this time with SAA to South Africa.
Martinair increases rates, announces its winter timetable and appoints two new agents.
Lufthansa Cargo wants to strengthen its market position, preferably in a logistics association.
Danzas in the champions' league. Peter Wagner talks about the biggest challenges of integrating Nedlloyd and ASG with Danzas, and the possibility of more acquisitions.
Maritime
CSG on course to expand. China Shipping (Group) Company is strengthening its existing services and plans to enter the North Atlantic.
The European Community Shipowners' Associations (Ecsa) is cautiously hopeful of a stable environment for ocean shipping in the future.
Viewpoint: Pragmaticus examines the influence of authorities which take no responsibility for the results.
Taca's Business Plan for 2000.
Ports and Terminals
Philadelphia revamps its European marketing representation.
Hamina orders Kalmar equipment.
German ports set up a joint platform to boost their competitiveness.
10 millionth container at Shanghai.
Intermodal
Russia's inland shipping sector wants to expand, but is frustrated by slow progress in opening up inland ports and waterways.
P&O Trans European in Poland.
Rotterdam's RSC is expanding.
The world's largest reciprocating compressor travels across France by water.
Calendar of events: Intermodal 99, London, in December.
Aviation
Federal Express has opened its new European hub at Paris CDG and launched the "EuroOne Network".
Delta signs another codesharing agreement to serve Africa, this time with SAA to South Africa.
Martinair increases rates, announces its winter timetable and appoints two new agents.
Lufthansa Cargo wants to strengthen its market position, preferably in a logistics association.
Royal Olympic set for bail-out A GROUP OF OUTSIDE INVESTORS is close to bailing out Royal Olympic Cruises which has been hit by financial losses, staff departures and a family feud among its Greek owners. The stocklisted company has seen its shares rocket by 50% in the last few days.
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