Ulstein set for Vickers ownership By Tuesday 4 May all the formalities for acquisition of Norway's Ulstein Group will have been completed. New British owners,Vickers plc will then take over all shares in Ulstein Holding ASA through its wholly owned Norwegian subsidiary ,Vickers Marine AS.
Avondale earnings up Avondale Industries, Inc.has reported results for the first quarter of 1999 that included net income of $7.5 million, or $0.56 per diluted share. That compares to net income of $5.3 million, or $0.37 per diluted share for the same period in 1998
Hvide reports first quarter loss Hvide Marine Incorporated today reported a net loss of $9.1 million or $0.59 per diluted share for the quarter ended March 31, 1999. In the year-earlier period, Hvide had net income of $6.5 million or $0.39 per diluted share after an extraordinary item.
"Frank meeting" on fate of Kværner Philadelphia The Philadelphia Inquirer reports there was a "very frank" meeting in London this week between Pennsylvania officials and the head of the Kværner Group. But it shed no new light on future ownership of the Philadelphia Naval Shipyard project following Kværner's decision to exit shipbuilding.
Outrage at $1bn port bills in US Shipowners face an annual bill of $1bn to fund the dredging and maintenance of US ports under proposals laid down by the US administration.
Ultra-orthodox Jews . . . Ultra-orthodox Jews pass a column of election posters in Jerusalem showing the Likud party leader Benjamin Netanyahu and defaced posters of the religious Shas party leader Arieh Deri, a key ally of Netanyahu's. Israel goes to the polls on May 17, with the business community expecting whichever party wins to launch reforms aimed at creating economic growth as the slump of the past three years continues.
Slump in tanker rates likely to hit Concordia The dramatic slump in tanker rates has forced Concordia Maritime to reduce substantially its profit forecast for 1999.
Mixed first quarter for Antwerp and Zeebrugge THE Belgian ports of Antwerp and Zeebrugge said they reported mixed freight traffic figures in the first three months of the year, with Antwerp traffic down 8.1% to 27.5m tonnes from a year earlier, and Zeebrugge up 7.9% to 8.9m tonnes.
BP Amoco Shipping head rails against the use of ageing tonnage RICHARD Paniguian, head of BP Amoco Shipping, has spoken out strongly against elderly tonnage in his first public statement since the merger of the two oil majors.
North of England warning on Woolf reforms on injury cases Shipowners will need to react quickly and diligently to personal injury claims which may be subject to the jurisdiction of the courts in England and Wales following implementation of the Woolf Reforms in the English civil justice system, the North of England P&I Association has warned.
Foreign firms join race for Chilean ports International port developers are converging on Chile following the restart of the country's stalled port privatisation process.
Industrial strife hurts Santos Port inefficiencies and industrial strife continue to hamper the development of Santos in Brazil and a regional port, new figures have shown.
CMB a revendu la CNN Un an et demi après avoir acquis la CNN (Compagnie Nouvelle de Navigation) et toutes les activités qui s'y rapportaient, le groupe CMB a cédé la majeure partie de cette entreprise à l'entité Transports Maritimes et Logistiques, qui est composée majoritairement du management, soutenu par la Banque Nationale de Paris (BNP) et NatWest. La transaction sera effective le 15 juin prochain. Elle porte sur la participation de 92,5% dans le capital, qui correspond à 90,2% des droits de vote. Dans le cadre de cette opération, CMB enregistre une moins-value de 15 millions d'EUR dans les comptes consolidés. Mais le groupe belge contrôle désormais à 100% l'armement pétrolier Euronav, ce qui a toujours été son objectif.
Katoen Natie implanterait un petit terminal polyvalent à Terneuzen Le groupe Katoen Natie/Seaport Terminals signerait dans les tout prochains jours un contrat avec l'autorité des ports zélandais et le groupe Dow Chemical Benelux pour l'aménagement d'un petit terminal à containers polyvalent qui serait implanté dans la lagune à marée du Braakmanhaven, où se trouvent actuellement deux jetées où accostent de petits navires de mer desservant l'entreprise chimique en question. Le patron du groupe KTN/SP, Fernand Huts, se refuse pour l'heure à tout commentaire à ce sujet, ayant l'habitude de réserver ce type d'information pour ses conférences de presse.
Dachser entre à 70% dans le capital de Graveleau Comme prévu (voir LL du 28/4), le groupe allemand Dachser vient de prendre une participation - de 70% - dans le capital du groupe français Transports Graveleau. Les deux entreprises conserveront chacune leur identité propre, mais elles travailleront désormais avec le souci de créer un effet de réseau à l'échelle de l'Europe.
L'application de la législation douanière européenne source de paperasserie sans précédent La nouvelle procédure douanière, en matière de dédouanement de tous types de marchandises pour les exportateurs basés en Belgique, entrera en application à partir du 1er mai. Cette procédure est en fait l'application de la réglementation européenne qui aurait dû figurer depuis quelques années déjà dans notre législation nationale. Dans un article précédent dans notre page expédition du 25 février dernier, nous avions présenté une large analyse des conséquences éventuelles de cette mesure. La conclusion était que son application immédiate en Belgique était quasiment impossible et que des mesures de transition étaient nécessaires. La douane belge a cependant opté pour une application permanente dans l'article 161 en question, avec deux possibilités de dérogation. Et ce sont précisément ces mesures de transition qui sont actuellement la cause de cette paperasserie sans précédent dans les bureaux de douane.
International Intermodal Expo in Atlanta. About 5000 delegates attended this year's event in Atlanta to discuss current trends and developments in intermodal traffic.
Maritime
"Ultrafast" ferries in Japan. Two Japanese carriers plan to deploy two ultrafast ferries between Tokyo and Tomokomai, with government support.
Tecomar will offer two weekly trans-Atlantic departures.
Zim serves Xingang on a weekly fixed-day basis.
LaLine launches new a Northwest Europe-Norway service.
Norasia has set up North American agency network, and will receive its first newbuildings from China in a few months.
Eight ro/ro carriers have established an action group.
Plans for a new trans-Atlantic agreement have been shelved.
Ports and Terminals
Santos Brasil is set to order panamax cranes for Tecon.
Oakland approves a USD 400 million container berth project.
ECT handles its 500,000th box for the Grand Alliance in Rotterdam.
Rotterdam Bulk Terminal is set up as a joint venture.
Hamina and Sea-Land form a joint box terminal operating company.
Calendar of events: Measuring Port Productivity.
New publications: Drewry has issued a new study on North European container ports which shows major ownership and operational changes.
Forwarding & Logistics
Danzas to buy ASG. The Swiss logistics provider Danzas plans to take over the Swedish ASG Group, subject to EU approval.
Pakhoed NV posted weak first quarter results this year.
Stinnes now holds over 95% of BTL.
Calendar of events: National Freight Congress & Transport Expo in Melbourne.
Aviation
SwissGlobalCargo is being set up as a joint company by Panalpina with 55% and SAirLogistics with 45%.
Delta exceeded expectations with its third quarter results.
Cargolux achieved more record figures in fiscal 1998.
Moritz Suter of Crossair presents a new concept for his carrier, which posted top figures in 1998.
TNT sells cargo space; its parent, TPG, reached its aim for 1998.
1998 was an unsatisfactory year for Swisscargo.
ATC Aviation represents China Airlines Cargo in Switzerland.
Tiaca creates a Shippers Advisory Council to improve communication.
International Intermodal Expo in Atlanta. About 5000 delegates attended this year's event in Atlanta to discuss current trends and developments in intermodal traffic.
Maritime
"Ultrafast" ferries in Japan. Two Japanese carriers plan to deploy two ultrafast ferries between Tokyo and Tomokomai, with government support.
Tecomar will offer two weekly trans-Atlantic departures.
Zim serves Xingang on a weekly fixed-day basis.
LaLine launches new a Northwest Europe-Norway service.
Norasia has set up North American agency network, and will receive its first newbuildings from China in a few months.
Eight ro/ro carriers have established an action group.
Plans for a new trans-Atlantic agreement have been shelved.
Ports and Terminals
Santos Brasil is set to order panamax cranes for Tecon.
Oakland approves a USD 400 million container berth project.
ECT handles its 500,000th box for the Grand Alliance in Rotterdam.
Rotterdam Bulk Terminal is set up as a joint venture.
Hamina and Sea-Land form a joint box terminal operating company.
Calendar of events: Measuring Port Productivity.
New publications: Drewry has issued a new study on North European container ports which shows major ownership and operational changes.
Forwarding & Logistics
Danzas to buy ASG. The Swiss logistics provider Danzas plans to take over the Swedish ASG Group, subject to EU approval.
Pakhoed NV posted weak first quarter results this year.
Stinnes now holds over 95% of BTL.
Calendar of events: National Freight Congress & Transport Expo in Melbourne.
Aviation
SwissGlobalCargo is being set up as a joint company by Panalpina with 55% and SAirLogistics with 45%.
Delta exceeded expectations with its third quarter results.
Cargolux achieved more record figures in fiscal 1998.
Moritz Suter of Crossair presents a new concept for his carrier, which posted top figures in 1998.
TNT sells cargo space; its parent, TPG, reached its aim for 1998.
1998 was an unsatisfactory year for Swisscargo.
ATC Aviation represents China Airlines Cargo in Switzerland.
Tiaca creates a Shippers Advisory Council to improve communication.
International Intermodal Expo in Atlanta. About 5000 delegates attended this year's event in Atlanta to discuss current trends and developments in intermodal traffic.
Maritime
"Ultrafast" ferries in Japan. Two Japanese carriers plan to deploy two ultrafast ferries between Tokyo and Tomokomai, with government support.
Tecomar will offer two weekly trans-Atlantic departures.
Zim serves Xingang on a weekly fixed-day basis.
LaLine launches new a Northwest Europe-Norway service.
Norasia has set up North American agency network, and will receive its first newbuildings from China in a few months.
Eight ro/ro carriers have established an action group.
Plans for a new trans-Atlantic agreement have been shelved.
Ports and Terminals
Santos Brasil is set to order panamax cranes for Tecon.
Oakland approves a USD 400 million container berth project.
ECT handles its 500,000th box for the Grand Alliance in Rotterdam.
Rotterdam Bulk Terminal is set up as a joint venture.
Hamina and Sea-Land form a joint box terminal operating company.
Calendar of events: Measuring Port Productivity.
New publications: Drewry has issued a new study on North European container ports which shows major ownership and operational changes.
Forwarding & Logistics
Danzas to buy ASG. The Swiss logistics provider Danzas plans to take over the Swedish ASG Group, subject to EU approval.
Pakhoed NV posted weak first quarter results this year.
Stinnes now holds over 95% of BTL.
Calendar of events: National Freight Congress & Transport Expo in Melbourne.
Aviation
SwissGlobalCargo is being set up as a joint company by Panalpina with 55% and SAirLogistics with 45%.
Delta exceeded expectations with its third quarter results.
Cargolux achieved more record figures in fiscal 1998.
Moritz Suter of Crossair presents a new concept for his carrier, which posted top figures in 1998.
TNT sells cargo space; its parent, TPG, reached its aim for 1998.
1998 was an unsatisfactory year for Swisscargo.
ATC Aviation represents China Airlines Cargo in Switzerland.
Tiaca creates a Shippers Advisory Council to improve communication.
International Intermodal Expo in Atlanta. About 5000 delegates attended this year's event in Atlanta to discuss current trends and developments in intermodal traffic.
Maritime
"Ultrafast" ferries in Japan. Two Japanese carriers plan to deploy two ultrafast ferries between Tokyo and Tomokomai, with government support.
Tecomar will offer two weekly trans-Atlantic departures.
Zim serves Xingang on a weekly fixed-day basis.
LaLine launches new a Northwest Europe-Norway service.
Norasia has set up North American agency network, and will receive its first newbuildings from China in a few months.
Eight ro/ro carriers have established an action group.
Plans for a new trans-Atlantic agreement have been shelved.
Ports and Terminals
Santos Brasil is set to order panamax cranes for Tecon.
Oakland approves a USD 400 million container berth project.
ECT handles its 500,000th box for the Grand Alliance in Rotterdam.
Rotterdam Bulk Terminal is set up as a joint venture.
Hamina and Sea-Land form a joint box terminal operating company.
Calendar of events: Measuring Port Productivity.
New publications: Drewry has issued a new study on North European container ports which shows major ownership and operational changes.
Forwarding & Logistics
Danzas to buy ASG. The Swiss logistics provider Danzas plans to take over the Swedish ASG Group, subject to EU approval.
Pakhoed NV posted weak first quarter results this year.
Stinnes now holds over 95% of BTL.
Calendar of events: National Freight Congress & Transport Expo in Melbourne.
Aviation
SwissGlobalCargo is being set up as a joint company by Panalpina with 55% and SAirLogistics with 45%.
Delta exceeded expectations with its third quarter results.
Cargolux achieved more record figures in fiscal 1998.
Moritz Suter of Crossair presents a new concept for his carrier, which posted top figures in 1998.
TNT sells cargo space; its parent, TPG, reached its aim for 1998.
1998 was an unsatisfactory year for Swisscargo.
ATC Aviation represents China Airlines Cargo in Switzerland.
Tiaca creates a Shippers Advisory Council to improve communication.
International Intermodal Expo in Atlanta. About 5000 delegates attended this year's event in Atlanta to discuss current trends and developments in intermodal traffic.
Maritime
"Ultrafast" ferries in Japan. Two Japanese carriers plan to deploy two ultrafast ferries between Tokyo and Tomokomai, with government support.
Tecomar will offer two weekly trans-Atlantic departures.
Zim serves Xingang on a weekly fixed-day basis.
LaLine launches new a Northwest Europe-Norway service.
Norasia has set up North American agency network, and will receive its first newbuildings from China in a few months.
Eight ro/ro carriers have established an action group.
Plans for a new trans-Atlantic agreement have been shelved.
Ports and Terminals
Santos Brasil is set to order panamax cranes for Tecon.
Oakland approves a USD 400 million container berth project.
ECT handles its 500,000th box for the Grand Alliance in Rotterdam.
Rotterdam Bulk Terminal is set up as a joint venture.
Hamina and Sea-Land form a joint box terminal operating company.
Calendar of events: Measuring Port Productivity.
New publications: Drewry has issued a new study on North European container ports which shows major ownership and operational changes.
Forwarding & Logistics
Danzas to buy ASG. The Swiss logistics provider Danzas plans to take over the Swedish ASG Group, subject to EU approval.
Pakhoed NV posted weak first quarter results this year.
Stinnes now holds over 95% of BTL.
Calendar of events: National Freight Congress & Transport Expo in Melbourne.
Aviation
SwissGlobalCargo is being set up as a joint company by Panalpina with 55% and SAirLogistics with 45%.
Delta exceeded expectations with its third quarter results.
Cargolux achieved more record figures in fiscal 1998.
Moritz Suter of Crossair presents a new concept for his carrier, which posted top figures in 1998.
TNT sells cargo space; its parent, TPG, reached its aim for 1998.
1998 was an unsatisfactory year for Swisscargo.
ATC Aviation represents China Airlines Cargo in Switzerland.
Tiaca creates a Shippers Advisory Council to improve communication.
AT RISK THERE IS serious concern that incorrect safety advice to shipowners is putting lives and vessels at risk. Containerships have been hit by a series of fires blamed on a chemical that can spontaneously ignite during shipment. Several ships and their cargoes have been seriously damaged.
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