Search Results for: International business

BY KEITH NUTHALL AND MONICA DOBIE
THE EUROPEAN Commission is to tighten rules on ballast management for international shipping to prevent the transport and release of alien species that can deplete the stocks of native species through natural competition.

In a broad strategy to boost the marine environment, Brussels warned that Baltic fisheries were particularly vulnerable to the introduction of alien species, given the sea’s low natural biodiversity.…

Keith Nuthall
THE UNITED Nations’ (UN) International Court of Justice has fixed the disputed maritime boundary between Nigeria and Cameroon, having decided that the contested Bakassi Peninsula should be considered part of Cameroon.

The court ruled that the maritime boundary should be set from the point of intersection of the centre of the navigable channel of the Akwayafe River with the straight line joining Bakassi Point and King Point, with many elements following previous Cameroon-Nigeria agreements dating back to the 1970’s.…

Keith Nuthall
THE INTERNATIONAL Maritime Bureau is warning cargo owners to beware of two growing threats posed by pirates, to small tankers and barge-towing tugs. The IMB has warned of an increase in attacks on tugs and barges, reporting two hijackings of these vessels in Indonesian waters alone since early September.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend US$3 million to the Armenian Copper Programme to help this joint stock company improve its production processes and boost profitability, with the final aim of making environmental improvements.…

Keith Nuthall
THE EUROPEAN Commission has welcomed the deal struck between the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) to harmonise their systems by 2005, because it strengthens EU legislation requiring the use of IAS.…

Keith Nuthall
THE INTERNATIONAL Maritime Organisation (IMO) is considering changes to its conventions that would broaden the range of offences against which signatory countries are bound to take action, to ensure that legal commitments to fight terrorism are harmonised and toughened.…

KEITH NUTHALL
A GERMAN research group has been awarded an EU European Business Award for the Environment for developing technology to produce fibre-board from the residue wood of palm oil plantations. The Fraunhofe Institute for Wood Research’s system will help Malaysian producers create a marketable product from the 40 million tonnes of biomass waste produced annually, which is usually either burnt or stored in poor conditions.…

BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) is lending Euro 55 million to the (Greek) Republic of Cyprus to fund improvements to the efficiency, safety and capacity of air traffic control services in the Nicosia Flight Information Region.

Its loan will pay for buildings and equipment at the new Area Control Centre, Nicosia, replacing long-range primary and secondary surveillance radar, at Konia, and also replacing Larnaca’s instrument landing system.…

BY RICHARD HURST, in Johannesburg
FOUR consortia have pre-qualified onto a short-list in a bid to modernise the main airport of Mozambique, namely Maputo International Airport. The project is estimated to be valued at US$13.6 million and will include an upgrade of passenger check in, cargo handling and the ground assistance to the aircraft.…

KEITH NUTHALL
THE EUROPEAN Commission has closed competition investigations threatening the future of two international aviation cooperation deals: the Star Alliance of Lufthansa, SAS and United Airlines; and the KLM-Northwest Airlines compact. Brussels halted inquiries into Star after its partners offered to surrender slots at Frankfurt airport to allow competing services on the Frankfurt to Chicago, Washington, Los Angeles and San Francisco routes.…