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05 August 2020 The on-line newspaper devoted to the world of transports 06:42 GMT+2

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Shipping Timesweb site
NOVEMBER 17, 1998
Shipping News
  • APL Logistics units see double-digit growth
    Parent NOL plans to raise logistics business to 50% of revenue in 2 years
  • ITF targets open registry ships in week-long Asia-Pacificcampaign
  • Santos terminal operator in IT deal
  • Port shots
Air and Land Transport
  • China's air traffic growth to outpace world average
    In next 20 years, its air traffic will grow 8%, higher than the world's 5%: Airbus
  • BMW to launch its first sport-utility vehicle next year
  • Passengers of Air China plane hijacked last month seek compensation
  • Cathay ready to share management control of PAL with Lucio Tan
  • Owners say "no' to layoffs
    Employee-owned airline prepares for lean times without easy option of resorting to cutting jobs to save money

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Sched Netweb site
NOVEMBER 17, 1998
  • P&O Nedlloyd names latest newbuilding in Hong Kong
  • All-time low for USWC-Taiwan waste paper rates
  • Seattle sees Q3 increases
  • MSC expands FCP operation
  • Imports up for Sea Containers
  • DB Cargo enters JV with German port operators
  • Pilots union warns of industry consolidation
  • Cargo facility opens at Oslo's new airport
  • Boeing 717-200 enters flight test programme
  • DHL given training award

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Cargowebweb site
NOVEMBER 16, 1998
  • UPS and DHL carrion vultures wait for FedEx strike
  • $100 million damage APL in storm
  • Sharp drop in Europe-Australia air freight rates
  • Biggest European cold-storage plant in Rotterdam
  • Possibly big fraud in rail tunnel construction underneath airport
  • Dutch fleet grows

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The Journal of Commerceweb site
NOVEMBER 17, 1998
  • USDA acts ahead of pallet ban
  • US policy on India causes confusion
  • Gephardt strongly supports Jones Act
  • US-Japan trade dispute heads for the WTO after APEC talks fail in Malaysia
  • UP rejoins chemical program
  • Taiwan readies for air cargo bidding
  • FedEx pilots ready to strike on a day's notice
  • Chinese airline seeking US, European cargo
  • Transport stocks retreated last week
  • Sea-Land terminal results give Rotterdam edge over rivals
  • Hopes for war-induced price hikes dashed for tanker sector
  • Shipowners encounter lenders' market
  • Environmental concern forces end of India port project
  • Pensacola gains Brining service

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Cyber Shipping Guide - Ocean Commerceweb site
NOVEMBER 17, 1998
  • JSC Urges US Conference to Give Up Documentation Fee
  • Intermediaries Mulling Imposition of Documentation Fee
  • OOCL Enhances Scan-Baltic Service

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urgente online pressweb site
NOVEMBER 17, 1998
  • Air Europa amplia capital para comprar aviones
  • Compañía Española de Cruceros tendrá transatlántico propio
  • Renfe alquila su red telefónica a Jazztel
  • Italia negocia un pacto de "cielos abiertos" con EE UU
  • CIL abre una conexión por carretera con México
  • Fomento autoriza otro subtramo del AVE Madrid-Frontera francesa
  • AEPLA ayuda a Centroamérica

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Exim Indiaweb site
NOVEMBER 17, 1998
  • Mundra port projected to handle 3.5m tonnes of cargo
  • CFS-Rawabhata is operational
  • Ajani-ICD to go online from December 1
  • Shalimar Works plans ship-repair yard at Haldia dock
  • Fieo chief to lead business team to Pak on Dec. 22
  • Trade deficit to widen, says study
  • MoPT withdraws remission, upsets Goan ore exporters
  • Cabinet to clear TUF shortly
  • Nagpur air cargo terminal gets green signal
  • Garment exporters shifting base
  • INMARCO '98 organises debate on 'Shipping trends for the next millennium'
  • Chemtech '98 from tomorrow
  • Plot allotment: KPT proposal finds govt acceptance
  • US blacklisting not to affect banks' lending
  • Polished diamonds lose lustre
  • Dumping duty on polystyrene

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Cargo Info Africa - Freight & Trading Weeklyweb site
NOVEMBER 17, 1998
  • It's business as usual at Renfreight Circle and Safcor
  • MACS makes it named-day
  • JH Bachmann sets up specialist quality department
  • Safmarine and Safair will continue undisturbed, says Newbury
  • Busy Durban's stats defy economic decline
  • Inland logistics operation ensures efficient transit of exports to Mainland China
  • P&ON sets 1999 target for own inland haulage arm
  • Standard keeps its weight behind ITRISA trade course
  • 'Bidvest is good at making companies sparkle'
  • Compu-Clearing could score
  • Merchant bankers advised Safren to sell off
  • Rennies was always the target, says Joffe
  • Keeping local beer kegs flowing
  • VAT on BLNS imports postponed till January
  • Clearing agents fear casualties as fuel hikes add to Zim import slump
  • Lack of funds stalls VAT moves in Zimbabwe
  • Seminar will explore trade opportunities
  • Diepkloof resident gets Swedish university bursary
  • New act prohibits cabotage in SA
  • Register now for last Incoterms course of the year
  • Book your pet via Internet
  • Kevin Wilson moves into SAA Cargo top spot
  • Leigh Walker moves up
  • US and Canada ban untreated wooden pallets
  • Banks reject up to 75% of SA's trade documents
  • Recouped import charges save customers millions
  • NYK clinches million dollar import deal with Billiton
  • PE business sets up task team to fast-track Coega
  • TransAfrica expo will join maritime conference
  • European financier has committed in excess of US$190-million, says Wicks
  • 'Are we going to help raise their standards or are we going to be pulled down to their level?'
  • Reduce tariffs to benefit all, says Anglo consultant
  • The region must pool resources for export lift-off, says DTI
  • 'A truly professional marketing site'
  • Cartage operators want February 1 open gates ruling
  • Customs delays 'shipped on board' date ruling till December 2

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Cargonews Asiaweb site
NOVEMBER 9, 1998
  • Thai exports crippled by box drought
  • CMA-CGM boss fires salvo at terminals during TOC Asia
  • TACA counts another loss
  • Salalah eyes trans-shipment crown
  • MISC feeders Chittagong
  • GHR calls for millenium policy
  • Empty boxes boost West Port throughput

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Lloyd's Listweb site
NOVEMBER 17, 1998
  • Brussels accuses Korea of aid abuse
    THE European Commission yesterday accused South Korea of using International Monetary Fund (IMF) aid to undercut shipbuilding prices.
  • Kvaerner yards 'need new orders urgently'
    KVAERNER, Europe's biggest shipbuilder, yesterday said its Kleven and Govan shipyards were in urgent need of new orders to maintain full capacity next year.
  • Hanjin Shipping plans $200m domestic bond issue
    Hanjin Shipping is planning a $200m domestic bond effort to take advantage of improved local investment sentiment and eased domestic interest rates, according to a senior Hanjin official who explained that the proceeds would be used to build up a cash reserve.
  • DSR Senator gets further investment
    TO shore up the loss making subsidiary DSR Senator, another $20m injection is planned shortly, which Hanjin expects will be the final outlay. In addition to the purchase price, Hanjin has already poured Dm375m ($228.7m) into the company.
  • South Korea set to launch P&I club
    SOUTH Korea is preparing to launch a home-grown protection & indemnity club in an effort to provide better service and more moderate rates for its coastal shipping concerns.
  • DFDS buys North Sea Line from Fred Olsen
    POOR financial results and global economic uncertainty have forced Norway's Fred Olsen & Co to sell its traditional North Sea Line to Danish shipping line DFDS.
  • Shanghai set to float port box stevedore
    THE Port of Shanghai has announced plans to float its container stevedoring business on the Shanghai Stock Exchange during the first half of 1999.
  • Mr Rais to organise student protests
    Indonesian Moslem leader Amin Rais addresses followers outside Jakarta's Al-Azhar mosque yesterday. Mr Rais said he would organise student protests to topple president B J Habibie if political reforms were not introduced. Students resumed their anti-government protests yesterday as authorities detained high-profile government critics after a week of bloody riots.

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Fairplayweb site
NOVEMBER 16, 1998
  • Dutch demand grows for qualified staff
    A RELAXED tax policy for Dutch shipping has boosted owners' fortunes, but side effects include a growing demand for qualified sea and shore staff.
  • Unicool restructures reefer business
    UNICOOL, the reefer holding company owned by Safmarine of Cape Town and Norway's Leif Höegh, is to launch a new reefer ship pool called "Arctic Reefers".
  • Successful test run for North Korean cruise
    HYUNDAI cruiseship, the Hyundai Kumgang, arrived safely in North Korea yesterday following a successful test run for the start of its historic inter-Korea tours.
  • DFDS buys Olsen's North Sea Line
    DFDS, the Copenhagen-based shipping and haulage group, has acquired Fred Olsen's North Sea Line with effect from January 1, 1999.
  • Big spill as Chinese tankers collide
    AN oil slick more than 10 km long and up to 50 m wide is threatening marine life after two Chinese oil tankers collided near the mouth of Pearl River.
  • Keppel and Hitachi Zosen agree new merger terms
    SINGAPORE'S Keppel Corp and Hitachi Zosen Singapore (HZSL) have further revised the terms for the merger of their shipyards.
  • Producer boards argue their cases
    PRODUCER boards in New Zealand will this week put their case against deregulation to the government.
  • Haldia to become repairer
    SHALIMAR Works is to set up a shiprepairing facility at Haldia dock.
  • Neptun's rights issue under-subscribed
    NEPTUN Maritime, the Finnish ferry group, raised Fmk493m ($97m) through a rights issue, leaving part of the issue unsold.
  • Mobil may scrap vlcc fleet
    MOBIL Oil is preparing to scrap its 1974-built vlcc Saudi Glory, prompting speculation that its entire 1970s vlcc fleet will follow.
  • NZ meat exports shrinking
    NEW ZEALAND'S two leading meat exporters retrenched last week in the face of declining stock numbers and falling export returns.
  • Trailer Bridge launches east coast service
    TRAILER Bridge, the company founded by containerisation pioneer Malcolm McLean, has christened a ship that will serve Puerto Rico.
  • China to support Hong Kong's shipping efforts
    CHINESE authorities are to support Hong Kong's efforts to become an international maritime centre.
  • Concern mounts over missing cargoship
    CONCERN is mounting over the fate of the crew of a general cargoship that disappeared from contact in Asian waters more than seven weeks ago.
  • Forty feared drowned after Indonesian ferry sinks
    ABOUT 40 passengers and crew members have been reported missing, presumed dead, after an Indonesian ferry sank in heavy seas.
  • Patrick looks more positive
    AUSTRALIA'S number two stevedoring business, Patrick, may have turned the corner for its parent company after a troubled year.
  • Kværner pre-tax result collapses
    KVÆRNER has announced a pre-tax loss of Nkr1.15bn ($153.5m) in the first nine months of the year, compared with a profit of Nkr903m a year earlier.
  • Gibraltar port hit by weekend strike
    GIBRALTER Port has reopened this morning 'as a gesture of goodwill' after being hit by strike action over the weekend.

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Daily Commercial Newsweb site
NOVEMBER 17, 1998
  • Grain drop hits V/Line Freight result
    THE soon-to-be-privatised V/Line Freight Corporation suffered an 18 per cent fall in revenue in 1997-98 after a 50 per cent drop in export grain traffic during the year.
    According to the corporation's first annual report, V/Line Freight finished its first trading year with lower freight revenues of about $100 million for the 1997-98 year and an operating deficit of $15.3 million.
    The results, which were tabled in Victoria's parliament last week, came as the state government prepares to cull its list of private groups bidding for the loss-making business. Final bids from shortlisted consortia for V/Line Freight are expected to be made in coming weeks, with a preferred bidder expected to be announced in late January.
  • Fuel slug holds back NR
    National Rail productivity levels -- once an area of regular criticism by its customers -- were now at or close to international best practice in several areas, according to an independent study by its external auditors Ernst & Young.
    The results of the study, released in part by NR yesterday, show that freight output per NR employee per year was only one-fiftieth (or 2.5 per cent) lower than the largest profitable US railroads, and two-thirds higher than the best in Canada.
    The study also found that NR labor was only 28 per cent of total costs (taking into account employees of outsourced contractors) compared with 33 per cent for US railroads.
  • Austal scores third French contract
    Austal Ships has won a third contract to supply a vessel to French maritime group, Compagnie Chambon.
    The WA-based shipbuilder will supply a 60-metre luxury cruise catamaran, due for delivery in October, to Rivages Croisieres.
    Rivages Croisieres is a sister company to L'Express Des Iles, Chambon's French Caribbean fast ferry operation which already operates one 48-metre Austal car ferry and will take delivery of a 40-metre passenger catamaran at the end of the year.
    The vessel will be named Rivage St Martin and it will operate from the French Caribbean island of St Martin and will be used for nine-day coastal cruises.
  • VTA future uncertain
    The long-term future of VicTrack Access, which only took over ownership and management of Victoria's entire non-electrified rail network in July last year, remains uncertain.
    The access authority said in its first annual report, which was tabled in state parliament last week, that it expected to transfer the majority of its responsibilities to other bodies by the end of 1998-99. This would result in an 80 per cent reduction in the corporation's staff.
    VicTrack recently transferred ownership and responsibility of the state's interstate rail network to the Australian Rail Track Corporation for five years. According to the report, VicTrack will continue to provide asset management and train management services to the ARTC in the short term.
  • Wisconsin falls on 'foreign' results
    US-based rail giant Wisconsin Central, which holds a 33 per cent stake in Australian Transport Network and a 24 per cent stake in Tranz Rail, has blamed the poor overall performance of its foreign entities for a 9.3 per cent fall in the group's net income for the third quarter of 1998.
    According to the results, Wisconsin reported net income of $US19.4 million ($A30.79 million) for the third quarter of 1998, a decrease of $US2.0 million, or 9.3 per cent, from the third quarter of 1997.
    The third quarter results included record North American operating revenues and record income from North American operations, but were offset by reductions in the company's equity in net income of foreign affiliates.

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