Transroll is told to sell or go bust THE Brazilian Development Bank has told the owners of Brazilian carrier Transroll Navegacao to sell the line or risk bankruptcy.
Kosovo war risk cover alert AS Nato forces yesterday geared up to bomb Serbia, the war risk zone agreement which provides for extra payments to British seafarers serving in combat areas had not been invoked.
Credit agencies divided over P&O P&O's strategic restructuring plan has drawn a mixed response from the credit rating agencies.
Premier Oil write-downs top '143m The UK's Premier Oil, under attack by a group of disillusioned minority shareholders calling for the resignation of its chief executive, yesterday announced write-downs totalling '143m ($230m) and a subsequent 1998 loss of '137m, and confirmed the departure from the company of two board members.
Stolt-Nielsen plans Asian hub at Ulsan LEADING parcel tanker group Stolt-Nielsen has taken a large stake in a South Korean terminal which it plans to develop into a regional hub.
After the crash The chaotic scene after a Union Pacific train (foreground) travelling south collided with a Conrail train (background) travelling east at a railroad junction in Momence, Illinois. Rescuers said at least three people suffered minor injuries in the crash.
Pressure rises on Liberian flag managers THE new managers of the Liberian register are coming under increasing pressure as they seek to build the infrastructure and market credibility to take over operation of the world's second largest open register next year.
China Shipping joining the Europe/Asia trades A NEW entrant will be competing in the Europe/Asia trades from next month when China Shipping Group inaugurates a nine-ship service.
Slow Tanker Sales, Bulker Transactions Dominate Three tankers were sold last week, according to Allied Shipbroking Inc.'s latest weekly ships sales report, but active purchasing of bulk carriers was again led by Greek buyers.
NIB To Take 10% Stake In Tufton Dutch Nationale Investeringsbank (NIB) is reportedly acquiring a 9.9 percent stake in Tufton Oceanic Group, a financing specialist in the shipping business.
February Dispute Costs Marseilles 1.5M Tons Of Cargo Cargo handling at the French Port of Marseilles reportedly fell by almost 1.5 million tons last month as a result of industrial action by tug crews in the Fos western harbor area.
Avin International Inaugurates New Product Tanker Avin International S.A. reportedly inaugurated its new 44,900 dwt product tanker Theodoros IB.
Hoverspeed Rebranding To Push Car Carrying Services Hoverspeed is reportedly relaunching its identity to promote the car carrying capacity of their vessels.
Pakhoed To Buy Benelux Chemicals Distributor Pakhoed NV reportedly signed a letter of intent confirming its interest to buy Belgian chemical distribution company Roland S.A.
Royal Caribbean Sued Over Missing Woman On Cruise The family of a Virginia woman who vanished from a Royal Caribbean cruise ship during a Caribbean vacation a year ago reportedly sued the cruise line for negligence on Tuesday, alleging she was abducted and forcibly held on board the ship.
SembCorp Gets Philippine Contract SembCorp Industries Ltd. reportedly secured a multi-million dollar contract to build a 10,500 ton integrated topside deck and a 44-man living quarters module for Shell's Malampaya deep water gas to power project in the Philippines.
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