Wearside shipyard ban lifted A TEN-year European Union ban on building ships at one of Europe's best-equipped shipyards expired yesterday, potentially opening the way for Pallion shipyard on Wearside to return to the industry.
Møller shares rise on Sea-Land rumours SHARES in Maersk Line parent AP Møller rose yesterday amid fresh rumours that the Denmark's largest private company will acquire US box giant Sea-Land, part of CSX Corp.
Big gains for leading US yards LEADING US shipbuilding firms Newport News and Avondale Industries, which hope to merge by the end of June, have reported gains in both fourth quarter and full year 1998 results.
Amer Reefer junk bonds downgraded Amer Reefer's junk bonds have suffered a hefty downgrading of their credit rating by Moody's Investors Service.
New Orleans terminal plan wins support PLANS for a new container terminal complex at the Port of New Orleans have received a significant boost after a new feasibility study found compelling reasons to go ahead with the project, the cost of which could run as high as $1.5bn.
Anscon prepares new look Plans for the new-look Anscon service are still being drawn up, with speculation mounting on how Australia's biggest single liner operation will look after it is re-launched in June. The new Australia to east Asia Anscom trade is known to be a three loop service, with one loop making a direct call in central or northern China where the group has been keen to have a direct call for some time, writes Kevin Chinnery, Sydney.
Louis cruises plans charter airline launch Cyprus' Louis Organisation, the island's largest hotels and tourism group, is to launch a new charter airline, following the planned public flotation of its growing cruise division in the first half of this year.
South Korean yards expect orders fall South Korean shipbuilders are expected to receive orders totalling 8.50m gt this year, down 15% from last year's 9.99m gt. "Orders are expected to decline 15% (this year due to a continued slump in the global shipping industry and the won's (recent) appreciation," a government statement said. Korean yards were projected to raise production from 8.63m gt to 9.58m gt this year.
Sevastopol collision sinks bulker A COLLISION between two bulk carriers in Sevastopol harbour has left the 5,100 dwt Xenoula M sitting on the seabed, with a large hole in its number two hold.
Salvage starts on Xenoula M SALVAGE operations have begun on the 5,100 dwt bulkcarrier Xenoula M, which sank following a collision in Sevastopol harbour on January 26.
Cattle suffocate after lightning hits carrier A LIGHTNING strike is said to have hit the livestock carrier Temburong which crippled its ventilation while on passage from Darwin to Irian Jaya, resulting in the loss of up to 800 cattle.
Charities rally round Lygnos crews CHARITIES around the world are rallying to support the crews of over 20 bulk carriers, stranded by the collapse of the Greek Lygnos shipping empire.
US trade reprisal law worries Koreans SOUTH Korean trade officials have voiced concern over export prospects to the US following Washington's revival of the trade reprisal law, known as Super 301.
Canada seeks end to grain strike CANADA'S Wheat Board has asked the federal government to put an end to a strike by grain-weighers that is crippling grain exports.
Bulker sinks awaiting repairs A GENERAL cargo ship that had been waiting for repairs off Colombo Port since November sank yesterday without loss of life.
Bonn pressed to raise owners' liability GERMAN regional governments are calling on Bonn to ratify a series of international agreements to increase the financial liability of shipowners after accidents.
US blasts Chinese proposals US Maritime Administrator Clyde Hart has attacked Chinese proposals for the registration of freight rates.
Essar's $319m port plan cleared INDIA'S cabinet committee on foreign investment has cleared a Rs14bn ($319m) proposal by Essar Shipping to set up an all-weather port and terminal facility in Gujarat.
P&O faces Antarctic compensation claim THE Australian government will seek some form of compensation from P&O following a series of maritime mishaps which has played havoc with Australia's Antarctic research.
Call to reject plutonium shipment plan WASHINGTON-based Nuclear Control Institute has asked US energy secretary Bill Richardson to reject a Japanese plan for protection of a shipment of plutonium.
Repsol acquires stake in Argentina's YPF SPANISH energy group Repsol has acquired a 15 per cent stake in Argentine oil and gas company YPF to make it the largest single shareholder.
Liner capacity adjustment proposed LINER operators serving the Asia-North America container route should be allowed to adjust capacity artificially during off-season periods, an MOL executive has suggested.
Chinese warn of bogus security officers CHINESE security officials have warned seafarers on ships transiting Chinese waters to be on the alert for bogus mainland security officers.
Fincantieri signs union deal FINCANTIERI has signed an agreement with trades unions to end a two-year labour dispute.
Suez tariffs 'too high for cruiseships' MEDCRUISE president Fabio Capocaccia has accused the Suez Canal Authority of keeping its transit tariffs high for cruiseships.
Mitsui OSK cuts feeder service costs MITSUI OSK Lines is planning to cut the cost of its north Asia feeder services around Hong Kong.
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