Authorities will make Kværner honor Philadelphia deal So far as state and city authorities are concerned, Kværner Philadelphia is still very much a go, despite Kværner ASA's decision to get out of shipbuilding.
Pentagon opposes GD acquisition of NNS Secretary of Defense William S. Cohen yesterday announced that the Department of Defense does not support the proposed General Dynamics Corp. acquisition of Newport News Shipbuilding Inc.
L'associazione continentale Cesa chiede aiuto a Bruxelles - E in Oriente occhi rivolti alla crisi del colosso Kvaerner Allarme dei cantieri europei: Seul punta alla Scandinavia
In vista l'aumento di capitale Montanari vuole la flotta (sei navi) della Chevron
Il mercato crolla sotto il dumping
La società del gruppo Aponte in una joint con Alilauro Msc nel terminal di Napoli
Brussels to probe ECT takeover THE European Commission has launched an in-depth investigation into the planned take-over of Dutch container stevedore Europe Combined Terminals by the Hong Kong port services giant Hutchison Whampoa and the port of Rotterdam.
Jet crash The scene after a Korean Air cargo jet crashed shortly after takeoff from Shanghai Airport, killing seven people and injuring more than 30. The MD-11 heavy freighter bound for Seoul grazed a building and came down in a suburban construction site, exploding on impact. The aircraft was carrying 70 tonnes of green tea, wire rope, machinery parts and mushrooms when it crashed.
Seascope shrugs off the market malaise Leading London shipbroker Seascope conquered difficult market conditions to achieve record profits in 1998.
Croatia war risk zones modified THE London Market's Joint War Committee has amended the areas of Croatia which it classifies as war risk zones for marine hull insurance, writes Andrea Felsted.
Kvaerner held to its obligations under Philadelphia contract ALL contractually agreed obligations incurred by Kvaerner in signing contracts to operate the former Philadelphia Naval Shipyard must be honoured, regardless of which method the embattled Anglo-Norwegian firm finally adopts to downsize or withdraw from the shipbuilding business.
Ignarski to pursue shipping interests JONATHAN "Sam" Ignarski is expected to continue to pursue interests in the shipping, transport and insurance industries following his surprise resignation from Thomas Miller group earlier this week.
Tanker scrap prices hit peak 1999 levels PRICES have soared to this year's highest levels for tanker tonnage heading for scrap, following Athenian Tankers' disposal of a very large crude carrier.
Madurese refugees receive food . . . Madurese refugees receive food from an Indonesian military policeman after disembarking from a ship at Surabaya, capital of East Java province. More than 6,000 Madurese from the island of Madura off East Java, fled the town of Sambas in West Kalimantan on the Indonesian side of Borneo after weeks of clashes between Dayak and Madurese minorities in which at least 200 people were killed.
Ebus veut contrôler le transbordement de fruits à Rotterdam L'entreprise de Jan Ebus a formulé une offre pour l'achat d'une participation de 70 % dans l'entreprise de transbordement de fruits Seabrex de Rotterdam, située dans la zone portuaire de Merwe, qui contrôle la société d'investissement HIM Furness. Ebus, qui possède déjà les autres parts de Seabrex, attend une réponse de HIM Furness dans les deux semaines.
Le NFTI doit mettre en valeur la position géographique de Dunkerque entre Rotterdam et Le Havre "Notre savoir-faire commun permettra de présenter à la clientèle des services de qualité. Dans le cadre d'un partenariat avec la CNC, nous développerons l'hinterland de Dunkerque et l'offre sera comparable à celle de Rotterdam, Anvers et Zeebrugge. Et dans ce contexte, le concept de navette Anvers-Dunkerque constituera un atout particulier. " C'est ce qu'a déclaré jeudi dernier à Dunkerque Etienne Schouppe, le patron de la SNCB, à l'occasion de l'inauguration du North France Terminal International SA, le grand terminal à containers du port ouest de Dunkerque repris il y a un an par IFB.
Transport routier: la Commission européenne veut harmoniser les amendes La Commission européenne veut harmoniser les amendes pour le transport routier de marchandises. Ces amendes sont très différentes d'un Etat membre à l'autre et pourraient miner la concurrence loyale dans ce secteur de transport, si elles sont imposées de façon arbitraire.
NATO Strikes Leaves Romanian Shippers High And Dry Romanian shippers said 100,000 tons of cargo for Western destinations was blocked in local ports after NATO bombing raids wrecked three bridges on the Danube in northern Yugoslavia
World Fuel Services Mulls Expansion World Fuel Services Corp. is considering further acquistions following an $8.5 million deal to buy Bunkerfuels Group. Miami-based World Fuel Services bought Bunkerfuels because the fuel broker's business fitted neatly with the group's existing marine activities.
Philadelphia Freedom? While the impact of the sale of Kvaerner's shipbuilding business is unclear, it appears the engineering and construction beheamouth will not abandon its new Philadelphia operation, the Philadelphia Inquirer reported. Kvaerner, which announced plans to sell or close its 13 shipyards around the world due to low profits, is seeking a buyer for the Philadelphia yard. If a buyer is not found, "then Kvaerner must continue," said Harald Rafdal, CEO of Kvaerner Philadelphia Inc., sending a signal that the shipping giant would not abandon the Philadelphia operation.
New CEO For Zim Israel Ofer Brothers plans to name Udi Angel as chairman of Zim Israel Navigation Co, replacing Yoseph Rosen who had held the position temporarily. Angel is general manager of the Ofer Brothers shipping company. The Ofers Brothers group formally took control of Zim's parent company, the Israel Corp., on Wednesday. Rosen is Israel Corp's managing director. Angel's appointment will be voted on at the next meeting.
Osprey LNG Carrier Chartered Osprey Maritime Ltd. said its liquid natural gas carrier (LNG) Khannur has been chartered until December 1999 by International Gas Transportation Co. (IGTC). It said in a statement IGTC chartered the 125,000 cu. m. carrier from May on behalf of sellers in the North West Shelf Project in Australia. Osprey did not provide details on the price of the contract.
New York Could Lose Sea-Land, Maersk Sea-Land Service Inc. and Maersk Inc. will spend the next several weeks reviewing proposals from three ports competiting for their business. The companies received the final bid packages from Baltimore, New York/New Jersey and Nova Scotia, Canada.
IACS To List "Class Jumpers" Vessels leaving members' classification for shipping standards will from now be identified on the International Association of Classification Societies' (IACS) web site. Updated monthly, the list was expected to name around 2,000 vessels a year, IACS said.
Atlantic Sector Buoys Baltic Indices Firm conditions for Panamaxes and Handies in the Atlantic sector lifted all the Baltic indices last Thursday. The Baltic Freight Index (BFI) rose nine points to 873, while the Baltic Panamax Index and the Baltic Handy Index gained 14 points to 885 and 754 respectively. In the grain markets, Marc Rich was reported to have fixed a 1978-built vessel 65,000 dwt U.S. Gulf/Alexandria at $6,000 plus $100,000 ballast bonus, and Glencore was said to have fixed the 1983-built Leader A.II 64,861 dwt U.S. Gulf/Egypt at around the same levels. Finagrain fixed the 1998-built Samjohn Amity 74,000 dwt delivery Dunkirk early May for an east coast South American round voyage at $7,500 daily on subjects. On the minerals markets, Capers were busier but rates remained flat. Bocimar fixed Monalisa for 140,000 tons coal Bolivar/Sines at $3/3.10, and Bulk Trading fixed Amber for 50,000 tons coal Maracaibo/Mobile prompt at $4.
Weakness Expected In Aframax Markets Norway's Bona Shipholding expects the Aframax tanker market to weaken further during 1999. Freight rates for its Aframax tankers fell about 16 percent in the first quarter of 1999 to $15,773 per day on a time charter basis largely due to U.S refinery maintenance during February.
Gotcha! SHIPOWNING father and son Loucas and Poly Haji-Ioannou have co-operated on many shipping deals. But they were in for a surprise when they unwittingly found themselves competing against each other to buy an Aframax tanker, an exercise which might have inadvertently pushed up the price.
Europe waves the white flag to Far Eastern shipbuilders Read all:
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