|AUGUST 1, 1998|
- Taiping Cargo Service to change name in August
- SSofA leases the Pier C terminal
- Israel Trade Conference gets stronger
- WTSA to review rates
- Regional trade suffers due to the Asian crisis
- State should pay for dredging say US shippers
- HACTL resumes inbound cargo handling
- AA plans fleet expansion
- NWA growth in '97 slides in '98
|JULY 31, 1998|
- Fifty percent of air freight bookings canceled
- No merger Sinotrans and Cosco; freight airline created
- Forced transfer to Malpensa airport illegal
- 10,4 percent growth port of Antwerp
- Port of Antwerp website improved
- Two executive appointments Sea-Land
|AUGUST 1, 1998|
- Oil paradox:
Prices fall, but tanker rates soar
- Chevron Corp. says it supports foreign-built ships in US trades
- US agency loosens reins on UP in Texas
- Senate confirms nominees for Customs, Marad, STB
- Canadian National Railway moves closer to strike or lockout
- IBM unit to plead guilty in Russian lab computer case
- Asia crisis, GM strike slow US economy, but not as much as some feared
- Northwest pilots talking strike as board declares impasse
- Fed says last month's yen rescue price tag was $833 million -- far less than expected
- Overnite spinoff postponed
- Russia to crack down on customs fraud
- Moving a fine wine before its time
- U.S. banks are once again, backing the maritime industry
- Karachi responds to Qasim's challenge
- Report finds security lapses at US ports
- NIT League says House poised to pass ship deregulation bill
- French line wins bid for Australian box business
- CP Ships orders boxes from China, South Korea
- Wine shippers hope carriers hold price line
|AUGUST 1, 1998|
- Shippers Set up Fact-Finding Panel for THC
- Merger Talks Between Cosco, Sinotrans Suspended
- Japan's Box Exports to China Soar 15%
- HMM Entering Cruise Business Again
- Kintetsu Opens Vienna Office
|AUGUST 1, 1998|
- Singapore keen on enhancing trade ties with India
- Japanese envoy positive on trade rise despite odds
- SEEPZ posts 15 pc rise in exports in '97-98
|AUGUST 1, 1998|
- P&I victory in $4.25bn liability row
LEADING protection and indemnity clubs have won a victory in their long-running attempt to establish a $4.25bn limit on third party liability cover.
- S&P ratings warning
SHIPPING and insurance accountant Moore Stephens has warned shipowners to treat Standard & Poor's ratings of P&I clubs for 1998 with care.
- Asian crude oil tanker demand set for revival
ASIAN crude oil tanker demand is set to resume healthy growth after a sharp fall in the current year as a result of the currency crisis that has shaken the region.
- Middle East product trade fall forecast
DEMAND for product tankers trading between the Middle East and Asia will drop by more than a quarter over the next few years, according to Ocean Shipping Consultants, writes Tony Gray. But Asia's long-term demand for product tankers is forecast to grow dramatically.
- Malaysia set for transport liberalisation
MALAYSIA'S National Economic Action Council, set up by the government last November to study the impact of the financial crisis, has recommended liberalisation of the country's transport sector.
- Sea Containers traffic boost
SEA Container's Irish Sea operation has reported combined carryings of more than half a million passengers and 150,000 vehicles in the first six months of 1998, writes Andrew Grey.
- Vancouver eyes box trade lift
VANCOUVER is hoping that last week's trial shipment of Japanese containers could lead to extra long term business for the newly opened Deltaport box terminal.
- Singapore in trade row with Malaysia
SINGAPORE has warned it may complain to the World Trade Organisation over Malaysia's attempt to persuade shippers to divert transit trade.
|JULY 31, 1998|
- Van der Giessen wins Strintzis fast ferry order
VAN der Giessen-de Noord has won what it describes as "an important order" from Strintzis Lines of Greece for a roro passenger ferry capable of 28 kt.
- Barcelona unveils port expansion plan
BARCELONA port authorities have unveiled an ambitious 12-year, PTA280bn ($1.85bn) expansion programme aimed at redressing serious space and infrastructure limitations.
- Gains from asset sales fill Rasmussen coffers
GAINS from asset sales more than doubled the pre-tax profit of the Norwegian privately-owned shipping group Rasmussen.
- Imports and transit cargo shrink at Kotka
SHRINKING imports and transit cargo in the first half of 1998 was instrumental for an overall tonnage decline at the Finnish port of Kotka.
- Chinese yard delivers FPSO to HHI
CHINA'S Shanghaiguan Shipyard this week delivered a floating production storage offloading (FPSO) facility to Hyundai Heavy Industries of South Korea.
- Anchor walks away from Positra project
INDIA'S Gujarat Maritime Board (GMB) is scouting for a new private sector participant for its Rs 16bn ($375m) Positra Port Project.
- Rickmers launches Australia service
GERMANY'S Rickmers Line is launching a new conventional liner service between Europe, Australia and Papua New Guinea.
- BLG sets up logistics joint venture
BLG, the Bremen/Bremerhaven port company, has agreed a joint venture for inland automotive logistics with German group Krupp Hoesch.
- Two reefers lie idle at Aarhus
TWO 4,000 dwt reefer newbuildings are lying idle at the Aarhus Flydedok shipyard in Denmark because the shipbuilder has not received payment for them.
- Matson slashes Hawaii capacity
SAN FRANCISCO-based Matson Navigation is reducing its capacity to the Hawaiian islands by 25 per cent.
- Scandlines and DFO merge
SCANDLINES of Denmark and Germany's Deutsche Fahrgesellschaft Ostsee (DFO) have merged following the end of Scandlines service in the Great Belt.
- Sea Containers reports Irish Sea carryings
SEA Containers' Irish Sea operations has reported combined carryings of 542,000 passengers and 152,000 vehicles for the first half of this year.
- Foreign firms vie for pipeline project
EIGHT foreign firms are vying for the construction of the $15m gas pipeline project of the state-owned National Power Corp (NPC) of the Philippines.
- Philippine court considers contempt charge
THE Philippine Court of Appeals has given Felicito Payumo, designated chairman of Subic Bay Metropolitan Authority five days to explain why he should not be cited for contempt.
- Royal Caribbean reports 93 per cent rise in profit
ROYAL Caribbean Cruises has reported a 93 per cent increase in second quarter profit compared with last year.
- Vietnam head Tokyo MOU detentions league
VIETNAMESE ships head the table of detentions in the Tokyo MOU annual report for 1997, just published, with 40 per cent of Vietnamese ships inspected detained.
- Fredriksen loses Jahre Viking
THE Norwegian shipowner John Fredriksen has failed to gain control of the 564,000 dwt ulcc Jahre Viking, the world's largest ship.
- Tanker owners want US safety policy centralised
INTERTANKO chairman Richard T duMoulin has urged the US government to centralise responsibility for maritime safety to the US Coast Guard.
- Two US shiprepairers to merge
SOUTHWEST Marine of San Diego and Norfolk Shipbuilding & Drydock Corp of Hampton Roads, Virginia have agreed for Southwest to acquire NORSHIPCO.
- ANL goes at last
MOST of Australia's state-owned ANL shipping line has been sold in two parts to French-owned CGM and an Australian-Canadian consortium.
- Colombian port receives profits boost
INCREASED tonnage throughput plus currency devaluation of the Colombian peso has boosted profits at the country's Atlantic port of Barranquilla by 80 per cent.
- Germany to give vessels as development aid
GERMANY'S Overseas Development Ministry says ships are to be given to China, Mauritania, Indonesia and Cameroon as development aid.
- P&O Nedlloyd to retain 'Blue Star' name
P&O NEDLLOYD has confirmed it will retain the Blue Star name in its direct trade between Australia/New Zealand and North America.
- Daewoo eyes former BV yard
SENIOR executives from South Korea's Daewoo group visited the site of former shipyard Bremer Vulkan in Bremen yesterday to examine its possible use as a port terminal and logistics centre.
- Inchcape shortlist expected soon
INCHCAPE Shipping Services expects to have a shortlist of two possible buyers by mid-August and to sign a final agreement by mid-September.
|JULY 31, 1998|
- Trans-European Networks. A pan-European policy on the creation and expansion of transport networks in Europe is an essential prerequisite for the single market.
Ports and Terminals
- CP Ships and TMM form joint venture. It will unite the liner shipping activities of TMM, Lykes Lines and Ivaran Lines under one roof.
- Hamburg-Süd acquires the container and bulk activities of Aliança.
- Safmarine is now 100% owner of Safmarine CMBT Lines (SCL).
- CGM extends banana contract.
- ACL posts a slight decline in its second quarter profit.
- OOCL's Scan-Baltic Express Service calls at Blyth and Bremerhaven.
- ESF/Maras Linija offer joint link.
- TMM upgrades its Mexican Gulf/Europe service to twice weekly.
- ESC will hold its third transport & logistics conference in Barcelona.
- German shipowners welcome the new crewing regulation.
- Associated British Ports has entered expansion mode.
- ECT has not yet found a buyer.
- Malta Freeport is growing rapidly.
- Transfracht International and NDX Intermodal combine operations.
- The Csardas container block train is now well established.
- A RoadRailer joint venture has been founded by Wabash in Brazil.
- CX offers maindeck cargo capacity between Amsterdam and Kong Kong.
- Iberia flies Madrid-Chicago.
- Atlas Air posted its best operating profit ever in the second quarter.
- HeavyLift will take over its third A300B4-200 freighter soon from C-S Aviation Services, the converter.
- A new all-cargo carrier, Jet Link Holland, is ready for take-off.
- Delta Air Lines has posted its third consecutive record year.
- EU Commission refutes the judgment of illegality of AF subsidies.
- AC Cargo reserves capacity for Belgium and Netherlands.
- FDX Corp successful. Fiscal 1998 produced a record profit - without one-off items - for FDX Corp, the holding company of FedEx and the Caliber Group.
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