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| AUGUST 17, 2000 |
Shipping News
- PSA opts out of Italian container terminal venture
[SINGAPORE] PSA Corp has pulled out of a potential joint venture with Italian partners to run Italy's fourth busiest container terminal at the country's Leghorn port.
- Freight rates climb to 30-year high
Air and Land Transport
- Grounding Concorde flights will allow tyre problems to be solved
[LONDON] The UK's Civil Aviation Authority yesterday suspended the airworthiness certification for the supersonic Concorde aircraft, a day after British Airways preempted the move by grounding its seven jets.
- Hainan Air's profit plunges 60% as fuel costs jump
- Emery, US postal service set up parcel delivery programme
- Nigeria, US resume direct air link
Features
- Time running out for Titanic
[ATLANTA] TIME is running out to get inside the Titanic because the hull is deteriorating at a rapid rate, said the president of the Atlanta-based company conducting salvage operations at the ship.
Logistics
- Lufthansa Cargo expects sterling results this year
[SINGAPORE] Lufthansa Cargo, the cargo unit of the Lufthansa Aviation Group, is expecting one of its best financial years in recent history, as a result of global economic recovery and rising demand, executive board member Andreas Otto said in a press conference last week.
- YCH bags second Mexican deal
- The chips are looking good at UPS facility
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| AUGUST 17, 2000 |
- Tanker prices soar as oil hits 10-year high
The market is fixed on crude which rose above $32 a barrel to its highest level since November.
- OOCL goes it alone with Web "platform"
The carrier is to launch in September a Web-based set of services called CargoSmart.
- Emery, pilots agree on tentative 4-year pact
A vote of the pilot union's membership is expected to take 4-5 weeks.
- New England shippers call for Boston service
Shippers want Maersk Sealand to maintain direct calls to Boston.
- S. Korea carrier set to expand HK service
Sinokor Merchant Marine will begin Inchon to Hong Kong service Aug. 25.
- Hong Kong airport eyes growth in air cargo
Chek Lap Kok airport's cargo facilities are facing saturation in 2002.
- NY Life to invest $10 million in Indian port
The insurance carrier will help fund India's first joint sector port.
- Synquest goes public
- Indamex carriers dropping direct calls at Gioia Tauro and Jeddah
- TECH TALK by Mike Berman: Making a case for two notebook cases
- Electronic marketplace for airports planned for September
- China bank connects with TradeCard network
- Mercury Air Group signs agreement with Alitalia Airlines
- Hub Group signs deal to use Logistics.com service
- New life vests offer pirate protection
- Shanghai trade zone expands with emphasis on transport
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| AUGUST 17, 2000 |
- Record breaking Sino- Japanese trade
- Shanghai wants spit in sea
- HK Trade Development Council makes Woo top dog
- CSA builds Shenzhen cargo hub
- End of an era
- Acclaimed HKIA smashes monthly record
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| AUGUST 16, 2000 |
- Singapore avoided by Evergreen
- Increased oil prices cause red alert
- European rail bids in the UK
- Lys-line and Samskip join forces
- Maersk Sealand pays EU-fine
- OOCL on the electronic highway
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| AUGUST 17, 2000 |
- CP Ships recasts management of Montreal Gateway Lines
- Draft LNG policy stipulates minimum stake for Indian shipping cos
- SCI forms consortium with Mitsui OSK, NYK for bidding
- Plea to decanalise nigerseed exports immediately
- Concor comes to Calcutta trade's rescue
- STC passes on oil tender
- COFEI online trading delayed
- Rajnath Singh to inaugurate 'Ports' conference on Sat.
- Mumbai Port now more user-friendly: Sinha - MbPT holds major meet with CHAs
- Phased deregulation of sugar controls likely
- Study sees vast scope for FDI in china clay
- Malaysia favours Indian investment in infotech sector
- 38 foreign investment proposals cleared
- New deal for textile industry imminent
- Rs 250-cr. package scheme for horticulture taking shape
- Global zinc, lead output up
- Jute packaging order by Sept.30: Rana
- New Chennai airport awaits Delhi's nod
- Gati Corporation accord with Dell
- S-E Rly logs 9 pc growth in freight traffic
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| AUGUST 16, 2000 |
- New company listing in Spain
- Richardson to consider using SPR to calm prices
- Price indications for Polish ports
- New Jeddah/Dammam posted prices
- Argentinian price indications
- Singapore morning commentary
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| AUGUST 16, 2000 |
- Malév's future
- M&M targets Moldavia
- Romanian highway overhaul
- Highway support for Bulgaria
- Wolffgramm at EuroAirport
- More cooperation among German airports
- NACA incorporates AFS
- LT: express service
- Singapore Airlines/Air New Zealand
- 'Parcel@Home', new B2C delivery partnership
- Groenewold acquires VT
- Decline on the Neckar
- China to circumvent the Yangtse Delta
- From Korea to Korea
- Railion wants long trains, too
- SNCF buys Rouch
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| AUGUST 17, 2000 |
- Box blunder upsets new feedership
A BRAND new feedership loaded with containers is lying on her side outside Port Said after capsizing.
- CP Ships swoops for seven boxships
Expansion minded CP Ships has acquired seven panamax-dimensioned containerships on the secondhand market in transactions worth more than $150m.
- TMM debt rating is downgraded by S&P
US ratings agency Standard & Poors has downgraded the debt rating for Mexican transport giant Trans- portacion Maritima Mexicana, citing "the continuing deterioration" of TMM's financial profile.
- Frontline shares sale offsets Wilhelmsen loss on tankers
WILH Wilhelmsen has cashed in half its Frontline shareholding during the current tanker boom, the Oslo-listed shipping group revealed yesterday.
- Unhappy Scottish end for Croatia cruiseship
SOME 280 Russian cruiseship passengers were treated to an extended stay in Leith Docks when their vessel was detained by UK port state control.
- Green awards for dumping row ships
TWO Celebrity Cruises vessels at the centre of pollution dumping allegations in the US are among the first vessels to be awarded an environmental standards benchmark from Lloyd's Register.
- Mersey Docks to lead Maputo port revival
THE deal to privatise the operation of Maputo port has been given the full go-ahead by the Mozambique government - more than three years after the process was begun.
- UK team on standby for sub rescue
A BRITISH military rescue team flew to Trondheim in Norway on emergency standby yesterday, ready to help more than 100 Russian sailors trapped inside the stricken submarine Kursk at the bottom of the Barents Sea.
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| AUGUST 16, 2000 |
- Indian academy row settled
- Philippine U-turn on Batangas
- Ship sinks in Suez Canal
- LUKoil to test northern route
- Cruise ship held for safety defects
- Second chance for Francesca
- CGT curb 'threatens' German yards
- AWB monopoly 'costing $210M'
- Adsteam steams ahead in US
- Katie looks set for long stay
- SCI switches Suezmax to US
- Bullish Wilhelmsen in the money
- VLCCs East rally goes on
- Forex losses butcher ICTSI
- Oriana up for auction in China
- Malta's port charges 'antiquated'
- Box ship sought in drug bust
- PNG church takes on 'fast' cat
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| AUGUST 17, 2000 |
- Anvers: le fluvial enregistre une progression record de 22,4% du trafic containérisé
Durant les six premiers mois de l'année, la navigation fluviale a transporté un volume record de 34,64 mio. de tonnes de marchandises de et vers le port d'Anvers. Comparé à la même période de l'an dernier, cela constitue une progression de 4,4 mio. de tonnes. La flotte néerlandaise est de loin la plus active dans ce trafic et la plupart des produits à l'entrée et à la sortie proviennent ou sont à destination des Pays-Bas.
- Quatorze armements rejettent les amendes de la CE et contre-attaquent devant la Cour européenne de justice
On savait que plusieurs armements membres de l'ancien accord Far East Trade Tariff Charges and Surcharges Agreement (FETTCSA) avaient décidé de ne pas payer les amendes que leur avait infligées la Commission européenne pour formation et pratiques de cartel et qu'ils envisageaient même de contre-attaquer en justice. C'est maintenant chose faite, depuis la fin de la semaine dernière. Quatorze des quinze membres dudit accord ont introduit un recours auprès de la Cour européenne de première instance de Luxembourg. La démarche a pour but d'obtenir l'annulation de ces amendes, voire leur réduction de manière substantielle. Un seul armement fait bande à part: Mærsk Sealand qui a décidé de payer les 836.000 Eur, soit 33,8 mio. de BEF.
- L'économie asiatique renaît et entraîne le fret aérien dans son sillage
Le relance de l'économie asiatique a non seulement mené à un boom dans le transport de fret aérien vers cette région, mais a en outre contribué à une hausse de 7,1% de l'ensemble du transport de fret aérien. C'est ce qui ressort de l'Air Cargo Manual 1999 de l'IATA, publié vendredi.
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| AUGUST 16, 2000 |
Maritime Contract News
- Vela Awards Hyundai VLCC Contract
- Time, Air Is Running Out: Russian Sub Rescue Continues
Breaking News
- ABS Books Deal With MSC
- P&O Surges On Positive Report
- U.S. Crude Supplies Up Slightly
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