Rolls-Royce eyeing Asia's 6b warship market DRIVEN by the need to protect exclusive economic zones and fight piracy and other marine crimes, Rolls-Royce estimates a 6 billion market for some 500 new warships in the Asia-Pacific over the next 10 years, representing nearly one third of global naval procurement.
Tighter Port State Control leads to drop in number of substandard ships
No plan to hold talks with Air NZ: Impulse IMPULSE Airlines said it does not plan to hold talks with Air New Zealand, which is interested in buying the low fare Australian carrier.
Planemakers may be asked to review fuel-tank designs
Rolls-Royce eyeing Asia's 6b warship market DRIVEN by the need to protect exclusive economic zones and fight piracy and other marine crimes, Rolls-Royce estimates a 6 billion market for some 500 new warships in the Asia-Pacific over the next 10 years, representing nearly one third of global naval procurement.
Tighter Port State Control leads to drop in number of substandard ships
No plan to hold talks with Air NZ: Impulse IMPULSE Airlines said it does not plan to hold talks with Air New Zealand, which is interested in buying the low fare Australian carrier.
Planemakers may be asked to review fuel-tank designs
After banner year, Danzas sees 'modest' outlook Acquisitions spurred tremendous revenue growth in 2000, but prospects are tempered by a cooling U.S. market.
Cho Yang shuts U.S. headquarters The carrier's New York offices, headed by the Cho Yang (America) operation, has been closed down.
Lufthansa pilots vote to strike Lufthansa pilots today voted to hit the German flag carrier and thousands of passengers with weekly strikes to press for higher wages.
Canada puts ex-im controls online Customs brokers applying for Canadian export and import permits will be required to file electronically as of July 1.
World Shipping Council launches Web site
Air Canada posts loss
Lines fail to get eastbound rate hikes
LeHavre adds cranes
Kalmar completes Nelcon deal
STB systems hacked, shut down
Danube cleanup to begin
Boström revenue rises
Reid new Delta president
Halter Marine parent hires advisers to handle reorganization
FGH retains reorganization advisors Friede Goldman Halter, Inc. says it has hired E&Y Capital Advisors LLC to advise and assist in its reorganization process.
Broström benefits from strong freight rates In its interim report for January 1 to March 31, 2001, Sweden's Broström says general market conditions in the international product and chemical tanker sector have been very good in basically all geographical markets.
Maritrans reports improved earnings Maritrans Inc. reports net income for the quarter ended March 31, 2001, of $2.7 million
Wärtsilä to acquire Ciserv Wärtsilä Corporation has signed a letter of intent to acquire Ciserv AB, a Swedish service company from Aalborg Industries A/S.
BV calls for class cooperation Bureau Veritas has called for major classification societies to take a wider focus on their responsibilities, and to cooperate more in order to improve global maritime safety.
Ursprungen chosen as new Renaissance man RENAISSANCE Cruises, the struggling premium cruise line, has handed Manfred Ursprungen the task of turning around its fortunes following its recent financial rescue. Mr Ursprungen, 43, has...
Tanker boom strangled by IMO accord THE first analysis of the impact of the slower-than-expected phasing out of single-hull tankers suggests that a seemingly minor shift in policy by the International Maritime Organisation is likely...
Investors turn bearish on fears Tanker shares continued to come under pressure yesterday, depressed by weaker freight rates and anxiety about the implications of the IMO deal on single-hull tankers. Market leaders Frontli...
Aon Corp income plunges by $97m CHICAGO-based insurance brokerage giant Aon Corp saw net income plunge in the first quarter to only $19m from $116m in the same period last year after a spate of disastrous investments had to be wr...
Pas de distorsions historiques entre les ports flamands Une étude exécutée à la demande de l’AWZ (Administratie Waterwegen en Zeewezen) n’a pas révélé de distorsions historiques entre les ports flamands. L’inventarisation du “passif historique” était une concession accordée au port de Gand dans le cadre du décret portuaire flamand. Les administrations portuaires ont jusqu’à la fin du mois pour communiquer leurs éventuelles remarques, qui seront ajoutées au rapport. Le texte du rapport devrait toutefois être remis sans modification aucune au gouvernement flamand. Seul Gand devrait émettre des réserves sur le fond. Il est cependant peu probable que le gouvernement flamand s’écarte de la conclusion de l’étude.
Les transporteurs belges exigent une modification de la loi sur le transport La Febetra et la SAV, ont publié un communiqué conjoint dans lequel elle exigent que le gouvernement belge respecte ses promesses faites dans l’accord du 14 septembre 2000. Un des éléments cruciaux de cet accord concerne la modification de la législation relative à la co-responsabilité. Rappelons que la troisième association, l’UPTR, mène campagne séparément en plaçant d’autres accents pour arriver à une amélioration de la santé économique du secteur.
Evergreen va-t-il aligner ses PC de 6.500 TEU sur l’Europe? L’année 2000 aura été particulièrement bonne pour Evergreen Marine Corp qui vu son CA augmenter de 14,7% à 60,49 mia. de TDW, soit 1,9 mia. de dollars US, tandis que son bénéfice net a progressé de 34,6% à 1,25 mia. de TDW ou 40,1 mio. de dollars US. Ces scores sont le résultat d’une pression continue sur les coûts. A noter que ces résultats ne concernent que l’entreprise taiwanaise et sa filiame de Panama Greencompass Marine SA. Il ne s’agit donc pas d’un résultat consolidé, les autres filiales maritimes du groupe n’étant pas impliquées.
Front Maple carries diverted Iraqi crude The suezmax was originally to discharge the oil in the US in accordance to the UN oil-for-food programme.
Speculative sales depress Frontline shares Frontline shares fall by 6.5% on sell-off spurred by an Oslo-based broker's sale recommendation.
Alaska mulling cruise ship bill The pollution regulation bill includes a $1-per-passenger fee.
Product tanker boost for Belships Erika effect helps Norwegian owner return to profit.
Swedish Orient edging towards profit The Swedish owner has reduced losses dramatically in the first quarter.
Oceanex's net income down 25% The Canadian container shipowner suffers from lower investment income from the ship replacement fund.
Farstad reverses fortunes Healthy demand has helped offshore supply boat company Farstad find work for its fleet.
Numast calls offshore strike Officers on Coflexip Stena ships set for 72 hour pay claim strike.
Love boat set to retire The smallest cruise ship of the Princess fleet will leave after completing her 2002 Bermuda season.
Great Eastern profits rise Indian owner Great Eastern Shipping Co is trying to boost its value by buying back shares.
Teekay chief in the money Bjorn Moller to pocket $4.7m from sale of shares in tanker owner.
Broström logs improved shipping result Swedish shipowner Broström is upbeat on the prospects for its shipping activities for the year.
Drillship pushes Fred Olsen to loss Start-up problems with Navis Explorer I hit the Norwegian company in the first quarter.
Wärtsilä marine sales fall in first quarter Engine manufacturer says it expects marine business to level off during the year, after record orders in 2000.
Daewoo pre-tax profits top KRW 100bn South Korean shipbuilder has racked-up sales of $2.3bn in the first four months of the year.
Sovcomflot links Vyborg and Kiel Russian shipping giant is starting the first freight line between the Russian and German cities.
Jessica skipper gets 90 days The captain of the tanker that ran aground off the Galapagos Islands is facing three months in jail.
Greek tanker grounds Loaded products tanker runs aground off the Greek coast.
Champagne on ice at FGH CFO Robert Champagne leaves troubled US shipyard group as company calls in restructuring advisors.
KMY unveils new management duo Finnish builder, headed by Jorma Eloranta, looks to former investment banker to improve yards' financial performance.
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