The Royal Bank of Scotland The Royal Bank of Scotland, a major lender to Greek shipping, rolled out the red carpet at its traditional Posidonia reception. Left to right: David Madden, British Ambassador to Greece; Lambros Varnavides, director, shipping, RBS; Pandy Embiricos, chairman of the Greek Shipping Co-operation Committee; Barry Martin, chief manager, shipping, RBS; Clive Martin, Lord Mayor, City of London; Alex Rodopoulos, branch manager, Greece, RBS.
Iarossi says class reform inevitable AMERICAN Bureau of Shipping chairman Frank Iarossi yesterday said reform and consolidation in the troubled world of ship classification was inevitable and could be under way before the end of the year.
Share doubts hit Osprey THE bank blocking Osprey Maritime's US$74.2m rights issue viewed the extension of a portion of its debt from 2002 to 2004 as making the debt subordinate to redeemable convertible preference shares which also mature in 2002.
MIF set to expand fleet with three suezmaxes MIF, the publicly listed tanker arm of Greece's Tsakos group, has confirmed it is to expand its fleet with the acquisition of three suezmax tankers ordered from South Korea's Hyundai.
Colombia ports drugs threat THE seizure in Croatia of more than 240 kilos of cocaine hidden in the hull of a bulk carrier has once again highlighted the difficulties of defeating drug smugglers operating at Colombia's ports.
The tanker Eiltank The tanker Eiltank 8, laden with some 1,000 tonnes of diesel fuel, yesterday ran aground on the river Main near Frankfurt, writes Sabina Casagrande, Cologne. According to the waterways authority Wasser und Schiffahrtsamt, only a small amount of fuel spilled into the river. "It looked a lot worse at first than it turned out to be," a spokesman said. The authority closed the river to traffic for several hours.
Iran plans to sell off majority stake in NITC THEOCRACY meets Thatcherism. Tehran's islamic regime is to sell off a majority of National Iranian Tanker Company, as part of its continuing privatisation efforts.
Seventh quay crane for Nhava Sheva THE Nhava Sheva International Container Terminal, being operated at the Jawaharlal Nehru port near Mumbai by P&O Ports Australia, is beefing up its container handling equipment, writes Shirish Nadkarni, Mumbai.
ILA, employers to begin contract talks Dockworkers, under pressure for give-backs to help employers compete on the East and Gulf coasts, will open contract negotiations next week, nearly a year-and-a-half before the current pact expires.
Trade Scene: Richard Lawrence The U.S. Export-Import Bank is approaching a critical juncture in its 65-year history. The agency, whose mandate is to help U.S. exporter be more internationally competitive, is itself becoming less competitive, warns, its chairman.
Port of Vancouver receives new cranes
TNT launches e-commerce fulfillment service
Consolidated Freightways completes First Air acquisition
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