Shipping News

Press, 31 July 1978, Page 14

Shipping News

Cut-price container link planned

The present Tasman service from Lyttelton may give exporters a link with a new cutrate container service to Europe before the end of the year. The new. non-Conference service is being started by the Belgian shipping magnate, Mt T. Rosenfeld, from Australia in September. Mr Rosenfeld has close associations with Thomas Nationwide Transport and Maritime Carriers, NZ, Ltd. and Thomas Nationwide has been appointed agent for his company, Antwerp Bulk Carriers. A monthly sendee is planned, and freight rates should be about 20 per cent below existing rates. Mr Rosenfeld has access to a service across the Tasman by either his interest in Maritime Carriers, or through the Union Steam Ship Company. He has a 24.9 per cent shareholding in Maritime Carriers, a company which started a container service to Australia four months ago. The Thomas Nationwide link with the Union company could provide the other link, because the Union company has alreadv trans-shipped containers across the Tasman from New Zealand to the Middle East. Mr Rosenfeld is building four new part-bulk, part-container ships, for JUSIIOM each. Two, De Loris and Helen, are almost completed. The round-the-world route for the new service will include Ant-

werp, Southampton, Sydney, Melbourne, Fremantle and return by North America. ARRIVALS Saturday Baron Pentland (9.9 a.m.), 16,884, Christmas Island, Capt. D. Sinclair (BP Comm). Kenkon Maru (11.30 a.m.), 11,736, Japan (P & O). Sunday Nil. DEPARTURES Saturday Iron Baron (4.25 p.m.), 5583, Dunedin, (Seatrans.. Sunday Nil. EXPECTED ARRIVALS Encounter Bay, Wellington, today. Coastal Trader, Auckland, today. W'orld Promise, Singapore, today. Union Hobart, Wellington, August 1. Mayfield, Wellington, August 1. Coastal Trader, Dunedin, August 2. PROJECTED DEPARTURES Coastal Trader, Dunedin, today. Union Hobart, Dunedin, August 1. Mayfield. Wellington, August 1. Baron Pentland, for sea. August 1. Coastal Trader, Auckland, August 2. VESSELS IN PORT Pacific Royal, Cashin Quay No. 1. Kenkon Mani, Cashin Quay No. 2. Baron Pentland, No. 2 East. Coastal Ranger, No. 2 West. Lorena, No. 3 East. Toa Moana, No. 3 West. INDICES

New Zealand. — New Zealand United Corporation, Ltd, daily Index base 100 January 21. 1957 July 24 .. 333.20 July 25 333.26 July 26 333.46 July 27 .. .. o. 333.65 July 28 332.52 Sydney.—Sydney Stock Ex change (July 1931 June 1939). Retail inds All ords July 24 .. 443.89 430.22 505.78 July 25 .. 451.84 432.31 508.04 July 26 .. 454.55 433.30 509.79 July 27 .. 454.91 435.36 511.96 July 28 .. 456.23 436.77 513.18 London.—"Financial Times." Indust Govt Gold July 21 .. 479.2 70.78 175.0 July 24 .. 483.9 70.99 180.3 July 25 .. 485.4 71.07 175.4 July 26 .. 482.0 70.88 170.6 July 27 .. 488.8 70.79 173.2 July 28 .. 492.1 70.74 183.4 New York—Dow Jones. Indust. Tsp T’over July 21 833.42 228.96 26,060,000 July 24 831.60 229.99 23,280.000 July 25 839.57 233.05 25,400,000 July 27 850.57 236.17 33.990.000 July 8 856.29 238.31 33,390,000