Hey, thanks for your answer.
i did as you proposed - updated my java version to 1.7.0.51 and allocated around 3G of Ram to the server, but to no effect.
it still freezes around this line, only difference is that now the can't keep up appears before the galacticraft info....
other thing is that even though it mentions not to be able to keep up there is only 95% of the allocated RAM in use.
any more ideas?
how to i update galacticraft by hand? i downloaded the tekkit server installer yesterday.
2014-01-15 18:54:49 [FINEST] [OCS] Sending event FMLServerStartedEvent to mod OCS
2014-01-15 18:54:49 [FINEST] [OCS] Sent event FMLServerStartedEvent to mod OCS
2014-01-15 18:54:49 [FINEST] [OpenPeripheral] Sending event FMLServerStartedEvent to mod OpenPeripheral
2014-01-15 18:54:49 [FINEST] [OpenPeripheral] Sent event FMLServerStartedEvent to mod OpenPeripheral
2014-01-15 18:54:49 [FINEST] [QuantumCraft] Sending event FMLServerStartedEvent to mod QuantumCraft
2014-01-15 18:54:49 [FINEST] [QuantumCraft] Sent event FMLServerStartedEvent to mod QuantumCraft
2014-01-15 18:54:49 [FINEST] [simplepowerstorage] Sending event FMLServerStartedEvent to mod simplepowerstorage
2014-01-15 18:54:49 [FINEST] [simplepowerstorage] Sent event FMLServerStartedEvent to mod simplepowerstorage
2014-01-15 18:54:49 [FINEST] [stevesCarts] Sending event FMLServerStartedEvent to mod StevesCarts
2014-01-15 18:54:49 [FINEST] [stevesCarts] Sent event FMLServerStartedEvent to mod StevesCarts
2014-01-15 18:54:49 [FINEST] [TradeBoothMod] Sending event FMLServerStartedEvent to mod TradeBoothMod
2014-01-15 18:54:49 [FINEST] [TradeBoothMod] Sent event FMLServerStartedEvent to mod TradeBoothMod
2014-01-15 18:54:49 [FINEST] [weaponmod] Sending event FMLServerStartedEvent to mod weaponmod
2014-01-15 18:54:49 [FINEST] [weaponmod] Sent event FMLServerStartedEvent to mod weaponmod
2014-01-15 18:54:49 [FINEST] [OmniTools] Sending event FMLServerStartedEvent to mod OmniTools
2014-01-15 18:54:49 [FINEST] [OmniTools] Sent event FMLServerStartedEvent to mod OmniTools
2014-01-15 18:54:49 [iNFO] [sTDOUT] Loading NEI
2014-01-15 18:54:50 [FINE] [DimensionalAnchors] Requesting chunk loading ticket for the overworld
2014-01-15 18:54:54 [WARNING] [Minecraft-Server] Can't keep up! Did the system time change, or is the server overloaded?
2014-01-15 18:54:55 [sEVERE] [Galacticraft] New Galacticraft version available! v2.0.6 http://micdoodle8.com/
2014-01-15 18:54:55 [iNFO] [Galacticraft] Galacticraft remote version found: 2.0.6