Korean yards deny subsidy charges SOUTH Korean shipbuilders have issued strong denials of any improper use of IMF funds and rejected claims of illegal subsidies from the Seoul government.
Atlantic storm damage bill set to exceed $1.33bn FRENCH insurers warned yesterday that the cost of damage caused by the storms that have ravaged the country since the weekend would exceed the FFr8.6bn ($1.33bn) cost of the last comparable winter storms nearly a decade ago writes Andrew Spurrier, Paris.
Chiquita parent hints at sale A group of investors in Chiquita Brands International has disclosed that the parent of the world's top banana producer has invited it to participate in a possible auction for the company.
Rate rises on way in booming US-Asia reefer trade REEFER rates in the US-to-Asia trade are due for unspecified increases beginning on February 1 as carriers report demand exceeding supply for certain commodities as Asia continues to recover.
France urges tighter pollution regime FRENCH prime minister Lionel Jospin yesterday added his weight to calls from his ministers for tighter regulation of the activities of shipowners carrying dangerous or polluting products.
Brussels to seek details of Erika class THE European Commission is seeking details on the Erika, which broke up off the French coast, from the classification society Registro Italiano Navale, which commission officials said was recently inspected by RINA.
Hong Kong-flag vessels to pay less for mainland calls HONG Kong-registered ships will pay lower port charges when they call at ports in mainland China from January 28, secretary for economic services Stephen Ip said yesterday.
Protesters are overruled on Helsinki plan HELSINKI port's plans for a new harbour at Vuosaari, about 14 km to the east, received a major boost after the Finnish government over-ruled environmentalists' claims that the project will harm the interests of rare birds in the area.
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