PACIFIC RATE GROUP
SETS 6 PERCENT TARIFF HIKEThe Pacific Coast/Australia-New Zealand Tariff Bureau has announced a general rate increase of 6 percent effective Feb. 1, 1990.
The increase applies only to freight rates and not to minimum bills of lading or other accessorial charges.
The 6 percent level will be applicable to all tariffs and subject to minimum levels of $150 a 20-foot container, $300 a 40-foot container and $7.50 a freight ton for cargo rates on the basis of weight, measure or weight- measure.
Lump-sum rates will be rounded up to the next $10 and weight-measure rates will be rounded up to the next $1.
The tariff bureau serves the trade between U.S. and Canadian West Coast ports and Australia and New Zealand. Its members are ACT/PACE, Australia-New Zealand Direct Line, Blue Star Line and Columbus Line.
DUTCH FRIGATE RESCUES
SIX FROM STRICKEN SHIP
LONDON - A Dutch navy frigate rescued six men from a stricken Honduran- registered coastal vessel off southwest England Thursday, the British coast guard said.
The coast guard at the Port of Brixham said the West German captain of the 1,500-ton Ibis sent a distress message after his cargo of timber shifted in a gale and the coaster began sinking.
The Dutch frigate Bloys van Treslong headed for the ship and took off five Polish crewmembers by dinghy. The captain was rescued from the sea after falling overboard.
SEA CONTAINERS BIDDER
EXTENDS TENDER OFFER
NEW YORK - A hostile suitor for Sea Containers Ltd. announced it would extend the expiration date for its tender offer for common shares of the Bermuda-based container-leasing giant.
Temple Holdings Ltd., a company formed by Stena Holding AG of Gothenburg, Sweden, and British container lessor Tiphook PLC, announced it would extend its offer until midnight, Monday Nov. 20. The offer had been scheduled to expire on Nov. 3.
Temple has offered $63 a share. Sea Containers President James Sherwood has announced that he will undertake a restructuring plan under which the company would buy its own shares for $70 a share, as a defense against the Temple move.
FMC HALTS ITS PROBE
OF CANCELED TARIFFS
WASHINGTON - The Federal Maritime Commission has dropped its probe into whether some chocolate and liquor shippers are getting better credit terms than others from ocean carriers in the North Europe trade.
The commission said it took the action because the tariffs at issue in the investigation were canceled.
The FMC launched an investigation in July into the credit practices of the now-dissolved North Europe-U.S. Atlantic Conference of carriers handling westbound cargo in the trade. The conference's members are now part of the North Europe-USA Rate Agreement, also named in the commission's complaint.
Since the North Europe-USA Rate Agreement canceled the tariffs at issue, the FMC said this week that "no regulatory purpose would be served by continuing this proceeding."
PROPELLER CLUB OF US
HONOLULU - The Propeller Club of the United States' national president, Capt. Edward O. Sanchez Jr., announced this year's winners of the club's awards here at its 63rd annual convention and industry conference.
A. Jacques Renucci, the club's regional vice president for western Europe, was named club member of the year; the award for maritime person of the year
went to Charles H. Eure Jr., president of Norfolk Shipbuilding and Drydock Corp.; and the port of the year award was given to the Port of Cincinnati.