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October 2014 AUSMARINE
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14 October 2014 AUSMARINE
Neptune buys Polynesian
Aussie admiral jailed
Hot on the heels of its 50 per cent
acquisition of Pacific Forum Line (PFL),
Neptune Pacific Line has now
announced the full purchase of
Polynesian Shipping Line (PSL).
Neptune managing director Rolf
Rasmussen said the development would both
enhance sustainability and solidify service
offerings for shippers, with the purchase
supporting the company's long-term vision
for a comprehensive regional network in the
PSL chairman Charlie Westerlund,
meanwhile, said his company's
shareholders, Samoan-based private interest
Petroleum Product Supplies (PPS), had
decided it was the appropriate time to
withdraw from the shipping business.
PSL is the sole distributor of bulk fuels in
Samoa and has an access agreement which
provides it a permanent allocation of space
on vessels servicing Fiji, Samoa, American
Samoa and the Kingdom of Tonga and on
trade between those islands.
Neptune's acquisition is understood to
have the support of the Government of
Samoa and Fiji Water and Ah Liki Group
Geoffrey Smith AO, the ex-Chief Executive
of Sydney Ferries and a retired Maritime
Commander of the Australian Naval Fleet,
has been sentenced to a prison term of
more than eighteen months following a
fraud conviction, reported The Australian.
The conviction was handed down by
judge Michael Finnane at the Sydney District
Court in late August. Mr Smith was
found guilty of siphoning off up to
$200,000 from the company, which he had
joined in the mid-2000s to change its
Mr Smith illegally acquired two
allotments of more than $100,000 from
Sydney Ferries using a company credit card,
continued The Australian, using the funds on
personal items such as family holidays and
house repayments, as well as medical fees for
Though Mr Smith paid back most of the first
allotment, he then went on to take the
second amount witho ut reimbursing the
In handing down his judgment, Judge
Finnane noted Mr Smith's "lifestyle far
exceeded his income" and opted for
imprisonment over an Intensive Correction
Order due to the seriousness of the fraud. Mr
Smith faces up to 2.5 years imprisonment.
CMA CGM launches new ser vice
CMA CGM has announced a service
co-operation with China Shipping
Container Lines (CSCL), Orient
Overseas Container Lines (OOCL) and
Pacific International Lines (PIL) in the
Australian, New Zealand, and northeast
Asian trade sectors.
Commencing from Shanghai in early
November, seven 4,250TEU vessels will
operate the new service. CMA CGM will
provide three of the vessels, two will be
provided by OOCL and one vessel each will
come from CSCL and PIL.
The service will be replacing the current
ANZEX/NZN service operated by CMA
CGM and OOCL.
The weekly service will turnaround in 49
days, offering po rt coverage in Asia and
New Zealand and including a stop in an
Australian port on the way from Asia.
The full port rotation and phase-in plan
will be confirmed by end of the month
once final arrangements are made.
MUA hikes membership fees to fund court battles
The Maritime Union of Australia (MUA)
has applied a $2/week levy to its
members in order to contribute to court
costs against the government and
employers, reports The Australian.
The levy, which totals over a hundred
extra dollars per year for each member, is
part of a multi-million dollar fundraising
effort for legal fees known as the Maritime
Jobs Legal Fighting Fund.
Paddy Crumlin, MUA's national
secretary and the President of the
International Transport Workers'
Federation, said that up to 15,000 MUA
members had been contacted to pledge
financial support, with the union seeking
to raise up to $15 million, continued
The fund would then be used to
bankroll court cases against "strategic
litigation" by either the government or the
court on matters deemed to conflict with
the rights, conditions o r interests of the
MUA and its officers and members.
Though Mr Crumlin said the overseeing
of the fu nd would comply with the Fair
Work Act, the announcement comes as the
royal commission seeks to investigate
union corruption and management,
including that of "fighting funds".
Photo: Hans Hillewaert
Neptune Pacific Line's 145.9-metre container
vessel 'Capitaine Tasman'
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