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| MAY 6, 1999 |
Shipping News
- ITF gets strong support for ban on substandard ships
FOC system permits illegal activities: trade unions, environmentalists
- P&O sets up container terminal venture in Turkey
- Port shots
Air and Land Transport
- Asian airlines face profit squeeze as jet fuel prices soar
Competition prevents carriers from passing rising costs to passengers
- China Eastern sees start to recovery this year
- No offer price set for sale of China Airlines stake: shareholder
- SAS wants 150m kroner back from Norway
Features
- Fight is on against tariff fixing
Trans-Atlantic Conference Agreement members now can't make separate tariffdeals for European inland transport
Columns
- Bargains that may become costly mistakes
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| MAY 6, 1999 |
- Shekou suffers as price war casualty
- Crowley closes Louisiana terminal
- Angel at the head of Zim
- Cosco sees revenue jump
- DCL adds new destinations
- Cathay Pacific to partner
- South African Airways
- UPS aims high by sending in the e-commerce troops
- Express carriers mixed results
- OOCL takes up with E-Transport
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| MAY 5, 1999 |
- Reebok investment in Rotterdam investigated
- OOCL with E-Transport
- Pakhoed restructures Corporate Office
- USFreightways chosen by Wal-Mart
- Port p.r. Antwerp in Switzerland
- SmitWijs Towage in Shanghai joint venture
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| MAY 6, 1999 |
- Renfe gastará 300.000 millones en su modernización
- Frans Maas factura 1.894 millones en el primer trimestre
- DHL mantiene su servicio en los países de los Balcanes
- "La subcontratación de la logística"
- Iveco Pegaso entrega 85 "Eurotech Cursor" a la Compañía Logística de Hidrocarburos
- Finnair publica el nuevo catálogo "Finlandia"
- Primera edición de los Premios "Carreteras" de Periodismo 1999
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| MAY 5, 1999 |
- Concor takes to fast track; net profit up 24 pc at Rs 143 cr
- Governor signs Bill for octroi abolition
- Karnataka SIIDC, AAI to form JV for Bangalore int'l airport
- Zim to go it alone
- Govt confers with ECBs to set realistic export target for 1999-2000
- Mining tender move dropped
- Indian farm expertise for Mozambique
- Rising demand brightens wool industry prospects
- Horticultural expo on in China
- Large-scale maize imports on the anvil
- Railways strike deal with German firm, General Motors
- India, Lanka to vie for Pakistan tea market
- Soya units in for better deal
- Withdrawal of CRS helps rice exporters get duty rebate
- Calcutta-based entrepreneurs eyeing Gujarat
- Leather exports show positive trend in dollar terms
- 3 Cologne trade fairs in Sept.
- Germans keen on software joint ventures with Indian firms
- MISC orders 2 LNG tankers, with option for 4 more
- Bid to persuade Pak to buy Indian tea again
- Oil import procedure expedited
- Kumar group, Kerala govt may sign MoU for Vizhinjam port development
- Petronet mulling LNG terminal in Goa
- Euro may affect textile trade, feels EC head
- 5 per cent rebate on H&T tariff at ICD-Varanasi
- Cotton Technology Mission in for further delay
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| MAY 6, 1999 |
- Frontline inches nearer to ICB
The saga of Frontline's near two-year pursuit of ICB Shipping could be entering its final chapter.
- Battle starts to rescue Rutges after Plane Trucking collapses
RUTGES Aircargo, one of Europe's best known hauliers, is in administration after making a series of loans to its loss-making UK subsidiary, Plane Trucking, which ceased trading this week.
- Expectations dampened for tonnage sale spree
EXPECTATIONS that shipowners are set to cash in on the current firm secondhand prices by selling tonnage purchased at bargain prices in the last quarter of 1998 could be premature.
- Concordia's Carlsson scorns value of merger strategy
MERGERS are an inferior way of producing efficient shipping services compared with co-operation with other owners, says Concordia Maritime, the Swedish tanker specialist.
- Royal Bank lifts dividend after record profits
ROYAL Bank of Scotland yesterday reported record half-year profits which were driven by an improvement in all the group's business areas.
- Owners win ISM liability probe
Shipowners have won a major victory by convincing the US Coast Guard to study whether ISM Code audits and noncompliance disclosures expose them to casualty liability.
- Finnish islands unveil tax plans
The Åland Islands, a self-governing province of Finland, has unveiled new plans to launch an international ships' register and tonnage tax.
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| MAY 5, 1999 |
- Saarikangas returns to Kv'rner Masa
- Osprey's credit rating downgraded
- Investment bank cuts Hvide rating
- More casualties feared after bulker sinking
- Harms keeps up attack on Bremen policy
- Oriana cruises cancelled
- Expensive Hong Kong losing cargo to China
- Steel import duty will hit St Lawrence trade
- Pacific Ports plunges into the red
- Coaster rams Bremerhaven lock gate
- Mærsk adds US West Coast to Asia-Europe
- India to ratify ILO seafarers convention
- New private port in Philippines
- China exports bypassing Hong Kong
- India sets up marine arbitration panel
- Panamax slides as indices stall
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| MAY 6, 1999 |
Home
- Panel: Antitrust immunity secure
- APL upgrades US-Europe service
- Highway robbery rampant in Guatemala
- Ruling eases levy on imports from affiliates
- Chile urged to join Nafta without fast track
- Crowley quitting Lake Charles, will dray freight to Port of Jacksonville
- Legislation allowing states to raise truck weights introduced in House
- TNT unveils Internet service for speeding express documents
- Greenbrier names Stuckey to head Gunderson Rail Services
- USFreightways gets contract from Wal-Mart Stores
Transportation
- US firms back FedEx in quest for China runs
- Truckers face tighter rules on self-insurance
- US highway agency extends period for industry comment on 'roadability' issue
- NS, CSX credited for safety measures
- Ex-Im Bank attempts to regain jets
- Amsterdam's TNT Post Group to launch airline by year-end
- Kodak details gridlock at Brazil warehouses
Maritime
- OOCL taps US firm to handle tariff data
- Evergreen returns to Kingston
- Slot watch
- Antwerp faces suit over decision to allow dedicated terminals
- Kvaerner merger option announcement expected
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| MAY 5, 1999 |
- Finnish Government To Consider Merchant Marine Aid
The Finnish government is reportedly considering measures to stimulate the international competitiveness of the Finnish merchant marine.
- Shipbuilder Affected By NATO Bombs
Slovenske Lodenice Komarno (SLK) reportedly can not deliver a single ship to clients until the blockage caused by destroyed bridges on the Danube is removed.
- Lithuanian Government Re-opens LISCO Sell-Off
The Lithuanian government reportedly approved the re-opening of a tender for the state's 80 percent stake in leading shipper LISCO after reaching no agreement with the two previous bidders.
- GEC May Buy Kvaerner U.K. Shipyard
The General Electric Co. Plc is reportedly in talks with Kvaerner group about buying the Govan shipyard in Glasgow, Scotland, which the troubled Norwegian engineering group put up for sale last month.
- K-Line Orders Second VLCC For Delivery In 2001
Kawasaki Kisen Kaisha (K-Line) reportedly ordered a 300,000 dwt VLCC tanker from Imabari Shipbuilding Co. Ltd.
- Russia Seen Benefiting As Oil Prices Lunge Forward
Firmer crude oil prices are reportedly giving a welcome boost to Russia's crisis-laden economy but will not lead to an extra short-term rise in crude exports above their already high levels, analysts and officials said on Wednesday.
- Scandlines In Bid For Lithuania's LISCO
Scandlines reportedly bid for an 80 percent stake in Lithuania's LISCO.
- Oil At Heart Of Scottish Independence Debate
The dominant shade in Aberdeen may be gray but the city's recent history has reportedly been colored by black gold -- oil -- and is at the heart of the debate about Scotland's future.
- Nigeria Amends Deep Offshore Oil Law
Nigeria reportedly amended a recent decree covering deep offshore oil exploration after some prospective investors criticized the original law.
- BP Amoco, Elf To Explore In Egypt's Deep Waters
Egypt reportedly signed an oil and gas exploration agreement with two local subsidiaries of BP Amoco and Elf Aquitaine.
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