European owners pool capesizes Italy's Coeclerici Armatori and Greece's Ceres Hellenic Shipping Enterprises have responded to depressed dry bulk rates by activating a commercial pool for capesize bulk carriers, a new vehicle which starts life with a dozen member vessels.
Sea-Land in major Tianjin port victory LEADING US-based container line Sea-Land, has won a major victory by obtaining long-sought approval to proceed with its joint venture terminal scheme at China's booming Port of Tianjin.
Dr Peters to buy four or five tankers German shipping funds management company Dr Peters will this year buy "at least four and possibly five" tankers in the suezmax and VLCC categories, J'rgen Salamon, the company's owner and chief executive officer says.
Taking the best route to ratio trading futures Last Monday's article touched briefly on implied forward rates derived from futures prices.
AP Møller aiming to cash in on new cable laying boom DENMARK'S AP Møller has indicated that it is looking to expand its presence in the cable laying market, and has placed orders for two vessels with its yard in eastern Germany as a first step.
Bank calls for Gujarat state ports overseer The Asian Development Bank has urged Gujarat state authorities to appoint a regulatory body to oversee all the state ports.
International Group hopeful on exemption The International Group Agreement looks set to be exempted from European anti-trust rules for 10 years.
Lessons for all in Milford Haven It seems a long way from the entrance to Milford Haven to a garage in the former mining town of Abertillery up the bleak and battered Ebbw Vale, where evidence of care for the environment is not the first thing that comes to mind.
Patrick docks dockers Patrick employees who failed to turn up for work on two shifts over the New Year's Eve-New Year's Day will have their pay docked and be issued with warnings as a first step. The stevedore is now expected to decide this week whether to pursue the matter through other disciplinary and legal avenues. A Patrick director, Bill Clayton, told DCN on Friday the company was taking great care in confirming the extent of breaches of its enterprise agreement before deciding on the course of action it will pursue.
Vercors lays optical fibre link to Singapore The French cable ship Vercors has left the shores of Perth's Floreat Beach to fulfil its role in laying a $2 billion global sub-sea optical fibre cable between Perth and Singapore. The 5000km of cable laid will help Telstra to meet its obligation in an investment in a 37,000km cable linking 33 countries in South-East Asia, the Middle East and Western Europe -- or code named SEA-ME-WE 3. Telstra is one of the main investors in the $2 billon program designed to capture a share of on-line revenues estimated to be worth about $8 billion by 2001. SEA-ME-WE 3 is expected to carry commercial traffic from late this year.
Trailerail debut finally set National Rail's successful bi-modal refrigerated operation Trailerail will now begin its long-awaited inaugural Sydney to Perth train service on Friday, 19 February. Trailerail general manager Graeme Jaensch told DCN the weekly service, originally planned to start in the 1997-98 financial year, was expected to begin with a 20-trailer service ex-Sydney. He said the service would leave Sydney's Yennora terminal on Friday and arrive in Perth's Kewdale terminal on Monday, with the return trip leaving on Monday and arriving in Sydney on Thursday.
Columbus fine-tunes for difficult year Economic ripple effects of the Far East economic crisis are reducing cargo volumes worldwide and this is expected to continue through most or all of 1999, according to Columbus Line. In a new year review, the line told shippers last week that to increase its own operational and cost efficiency, it was rationalising fleet capacities to more closely match anticipated volumes as part of a steady process of fleet modernisation and upgrading.
Great Northern picks up and delivers Melbourne-based locomotive and crew provider Great Northern Rail Services has set up a container park storage facility in Footscray and developed a container pick-up/delivery service for road transport companies. Great Northern recently took possession of the four-acre facility, which is located at the former Contrans terminal in Dynon Road and close to Melbourne's main docks. The facility has a gantry crane and forklift for container handling, capable of lifting 40ft loaded containers.
- 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
