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| AUGUST 22, 2000 |
Shipping News
- Loss of Maersk may hurt PSA only in short-term
[SINGAPORE] The decision by Maersk Sealand to shift its transhipment hub from Singapore to Malaysia's Port of Tanjung Pelepas (PTP) will hurt PSA Corporation's bottom line in the short term, but will have little impact on its long term health, say analysts.
- Port Klang's Westport has suffered drop in throughput
Air and Land Transport
- Slater meets airline reps to discuss travel woes
[WASHINGTON] A record number of flight delays and cancellations has prompted officials in Washington to call an unusual meeting yesterday in the hopes of finding ways to ease conditions for beleaguered air travellers.
- Cathay to start 3 cargo services
- US airlines may raise fares despite passenger resentment
- Airline fuel tanks are safe: study
Features
- Guangxi revives ports
[MANILA] CHINA is working to reduce traffic barriers from the landlocked west to ports in south-western Guangxi Zhuang on the Beibu (Tonkin) Gulf, in a bid to reopen an old shortcut for sea exports.
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| AUGUST 22, 2000 |
- Operators rush to build Japan box port
Kitakyushu on the island of Kyushu is the first port to be deregulated under Japan's private investment plan.
- OOCL's parent charges back into the black
Strong exports helped Hong Kong-based Orient Overseas (International) Ltd. turn earnings around.
- Fuel costs lead Alitalia to cut Asia, Africa routes
Rising fuel prices prompts decision by the Italian carrier.
- FedEx boosts tracking info with IBM, Symbol
The new technology should lessen errors in package routing.
- Ray of light on the Black Sea
After post-Soviet meltdown, Black Sea ports are making progress toward economic recovery.
- Brazil railway opens link between Campinas, Santos
- Japan Airlines seeking more Cuba charters
- China's largest shipyard restructured
- Big truck sales slowing
- American Airlines asks for mediation
- United pilots report progress
- Thailand's RCL sets Korea-Mideast service
- Schenker wants cooperation, not merger, with Deutsche Bahn
- San Francisco Airport learns from others in terminal expansion
- Fertilizer terminal planned at Baton Rouge
- Steve Prince joins Tiaca's executive council
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| AUGUST 22, 2000 |
- Sinokor focuses on China-Japan trade
- Ecu-Trans takes on Russia
- EGL ready to join Circle
- Hamburg Sud reorganisation
- Fesco turns in loss
- Fleet Management at top of class
- LT revamps Asia-Europe service
- Peak season for Panalpina
- DHL deal with BAA imminent
- Qantas takes on Pradana
- Shanghai-Okinawa flight commences from CNA
- Puebla cargo hub backed by Germans and Mexicans
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| AUGUST 21, 2000 |
- Swissair demands BA as merger partner
- Underground transport in The Netherlands 'not feasible'
- Capacity shortages threatens container shipping
- Cathay Pacific with 3 new cargo destinations
- Tranformation in ports attract Asian investors
- KLM Cargo and Braathens align cargo approach in Norway
- KLM-partner Braathens meets difficulties
- Lloyd Triestino reveals details of Pacific plans
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| AUGUST 22, 2000 |
- APL names carolyn Yang as new VP
- Emery Worldwide launches 'Gold Priority Express' service
- Better results from P&O Nedlloyd
- Maersk Sealand launches intra-Asia service
- OOCL to launch 'CargoSmart' in September
- Long-term policy for harnessing potato exports mooted
- Apeda outlines norms for sugar exports
- Korean polyester film imports face duty
- BOOE launches futures trading in edible oils
- Call to synergise Indian, Korean textile capacities
- Malaysian trade & diplomatic office may be opened in Mumbai soon
- Booklet on removal of QRs
- Strengthen rupee by boosting exports, urges Fieo chief
- Tyre dealers urge dismantling of 'tariff protection'
- Panel to help textile units access TUF
- Ras Laffan may pick up 10 pc in Petronet
- IRDA guidelines notified
- Assocham calls for radical changes to boost FDI flow
- Forex Reserves: Downtrend accelerated
- IMC meeting with MbPT Chief on Aug. 30
- IMC organises seminars, workshops
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| AUGUST 21, 2000 |
- Lloyd Triestino reveals details of Pacific plans
- Moore Stephens warns on leasing changes
- Evergreen drops Singapore from round-the-world service
- ANZDL: Australia/US shippers switch to intermodal
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| AUGUST 21, 2000 |
- Massive offshore drilling merger
Transocean Sedco Forex Inc. has signed a definitive agreement to acquire R&B Falcon Corporation in an all stock transaction. The merger will create the world's largest offshore drilling contractor.
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| AUGUST 21, 2000 |
- Atlantic VL trades booming
- Feeder vessel collides with yacht
- Russian shipping Shanghaied
- Guyoil bids to retain contract
- India tonnage tax progresses
- PSA shrugs off M'rsk loss
- Richards Bay hit by strike
- Estonia expedition starts
- Scots buy Prince of Fundy
- Port 2000 attracts big names
- Oz grain handler to float
- Holland seeks Filipino masters
- BV court to hear expert evidence
- Sloman profit margins squeezed
- Essar joins MISC in LNG bid
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| AUGUST 21, 2000 |
Maritime Contract News
- Kvaerner Books Another Cruise Ship Contract
Breaking News
- SS&Y Indices Fall
- Russian Ship Saves Sinking Ship's Crew
- Sweden Tries To Persuade U.S. Group To Abandon Estonia Dive
- Russian Sub Rescue Turns To Recovery
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