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30 September 2020 The on-line newspaper devoted to the world of transports 09:40 GMT+2

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Shipping Timesweb site
MAY 29, 2000
Shipping News
  • Subic rethinks plan for container terminal
    Philippine authorities decide to build new terminal on reclaimed land instead of upgrading present complex
  • Subic Bay key for FedEx success
  • NOL says Internet boosts sales and efficiency
  • 34 crew missing after India ship catches fire
  • Ship sales
  • Port shots
Air and Land Transport
  • Cloud over Airbus super jet plans
    Key shareholder in Aerospatiale Matra asks for further talks with other Airbus consortium partners
  • Virgin's Express Q1 loss widens to 13.83m euros
  • US carriers hedging against fuel hikes
  • US planes must replace Mylar-covered insulation
  • EVA cautious over China air links
  • Box trades boom but reefers face crisis

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Sched Netweb site
MAY 29, 2000
  • Panalpina profits up 7.6 pc
  • Honesty online pays
  • Rate restoration for Asian trade
  • JICT attracts new services
  • Asia-Australia review
  • American rail merger moratorium challenged
  • Hong Kong strengthens Mongolian ties
  • Ascentis on the way up
  • Atlas picks up new customer
  • Stronger UPS presence in Mexico

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Cargowebweb site
MAY 26, 2000
  • Manugistics chosen by
  • Eurotunnel to increase freight capacity
  • DHL launches e-commerce website
  • Paccar in wireless Internet services
  • Anti-trust lawyers earn the first money with US air merger

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The Bunker Bulletinweb site
MAY 26, 2000
  • NYMEX crude near $30 barrier
  • EMMF predict bunker fuel price rise following new EU laws
  • Latin American market review
  • US Gulf Coast market review
  • US West Coast market review
  • US East Coast: Prices on the up in New York

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Marine Logweb site
MAY 26, 2000
  • Frontline unveils plan to absorb Golden Ocean
    Bermuda-based Frontline Ltd. has signed an agreement with the Golden Ocean Group Limited under which the two parties will propose a joint plan for a financial restructuring of Golden Ocean. (the "Golden Ocean Plan").
  • Mosvold orders VLCC
    Norway's Mosvold Shipping and Samsung have agreed upon the terms of a shipbuilding contract for the building of one ' with the option of further one ' crude oil carrier of about 308,000 dwt
  • Schat-Harding keeps it safe and simple
    Schat-Harding has introduced a new series of simple, easy-to-maintain and space-saving boats and davits
  • ICR marine gas turbine completes development phase
    An industry team led by Northrop Grumman Corporation's Marine Systems business unit has successfully completed the U.S. Navy's development phase of the Intercooled Recuperated (ICR) WR-21 marine gas turbine engine program.

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Cargonews Asiaweb site
MAY 8, 2000
  • UASC banks on oil price increase
  • Asia gets new link to US
  • UK and Indian lines tie up for speedy link
  • Chile to North Atlantic
  • Mi000na Zayed throughput soars
  • Penang box count grows
  • Terminal tie up for Klang

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Lloyd's Listweb site
MAY 29, 2000
  • Petrobras link to newbuildings
    BRAZIL'S state-run oil and gas giant Petrobras is close to placing its first ship orders since the 1980s as part of continuing efforts to reposition the company ahead of deregulation in the crude transportation industry.
  • Patibha Yamuna Explosion
    An explosion in the pump-room has crippled the Indian-registered 1982 built 46,122 dwt tanker Patibha Yamuna. The tanker, burning off the Chinese coast 110 nautical miles northeast of the city of Wenzhou, is being aided by a Chinese rescue ship. China's Maritime Bureau reported that most of the 38 crew members had been picked up by fishing boats in the vicinity, although casualty details were unavailable. The tanker is still afloat and said to be in a stable condition.
  • Devon to buy Santa Fe Snyder
    US-based independent oil and gas producer Devon Energy Corp has agreed to buy Santa Fe Snyder Corp in a deal valued at about $2.35bn in stock, plus the assumption of $1bn in debt and other long-term liabilities.
  • NYK takes stake in water bag company
    NIPPON Yusen Kaisha has acquired a stake in a Norwegian company that holds the patent on large bags used for large volume ocean shipments of drinking water.
  • Helicopter safety cover plan
    IN a shock move, BP Amoco is planning to revolutionise North Sea oilfield safety cover, with helicopters and fast-rescue craft replacing standby vessels.
  • Mitropoulos in new IMO honorary role
    INTERNATIONAL Maritime Organisation secretary general William O'Neil has bestowed the honorary position of assistant secretary-general upon his colleague, IMO maritime safety director, Mr E E Mitropoulos.
  • Credit analysts make business plain sailing
    BUYING a secondhand car can be a risky business. Thankfully, there are specialist agencies that can look at the historical background of a vehicle and reassure the prospective buyer that it is not only legitimate but it has no outstanding fines or accident history. Shipping is a similarly risky business. With much greater sums of money to win or lose, credit agencies have an equally important role to play within the maritime industry.
  • Fate stopped a collision from being a disaster
    I MAY, I think, lay claim to know well the area in which the collision between the Ever Decent and the Norwegian Dream occurred. Perhaps the notion of 'knowing' a certain area of open sea is a little fanciful; what is there to know beyond a few facts?

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Fairplayweb site
MAY 26, 2000
  • Seaboard buys terminal in Houston
  • UK port traffic shows upward trend
  • Cement mix problem for Philippines
  • Chinese builders meet Florida owners
  • D'Amico reaps benefit of restructuring
  • P&I Club warns on vessel arrests in Egypt
  • Frontline agrees terms for Golden Ocean
  • New cargo ship hijack in the Philippines
  • Ivar Holding to quit Oslo stock exchange
  • NOL confirms confidence in e-commerce
  • Indian ports to favour coastal shipping
  • Destroyed luxury yacht to be replaced
  • New container link to German heartland
  • Quarantine dispute brings talks to an end
  • Frontline acquires Golden Ocean newbuilding
  • PSA sets up logistics venture in China

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The Journal of Commerceweb site
MAY 27, 2000
  • Port of Seattle on the comeback trail
  • US transport interests to profit from closer ties with China
  • KLLM agrees to $33 million management buyout
  • Consolidated Freightways to manage Gaylord Container's LTL
  • Ariba, Descartes join e-forces
  • Circle Intl. gets Xerox customs contract
  • UTi opens subsidiary in Prague
  • SynQuest files for IPO
  • Corridor planned between Baltic, Black seas
  • China's air industry continues to expand
  • Delta, Air France plan cargo venture
  • Dragonair to add freighter
  • Germany's noise proposals attract criticism
  • Airbus reports nibbles for jumbo jet
  • United merger puts pressure on American
  • Frontline puts up money to buy Golden Ocean shipping group
  • Singapore's PSA subsidiaries increase presence in China
  • MC Shipping reports loss

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Marine Linkweb site
MAY 3, 2000
Maritime Contract News
  • A.P. Moller Places Tanker Order
Breaking News
  • UK Ferries Among Least Safe In Europe, Survey Finds
  • Military Officials Under Investigation For Part In Erika Spill
  • Frontline Acquires Golden Ocean
  • Cammell Laird Sole Bidder For Bulgarian Yard

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International Transport Journalweb site
MAY 26, 2000
  • World Cargo: 3% rise in annual revenues
  • Bilbao: general cargo 21% up
  • Cargolux adds Korea to schedule
  • Lapa acquires B737-700 jets

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Traffic Worldweb site
MAY 29, 2000
  • The airline industry was rocked by news of UAL Corp.'s $4.3 billion proposed takeover of US Airways, not including the $7.3 billion in debt assumption and lease takeover. Cargo, however, is a complete afterthought of the mammoth merger. Still, the United-US Airways deal will create the world's largest airline, twice the size of its closest domestic competitor. The deal still needs to pass muster at the Justice Department, which has proven with the Microsoft case that it is no rubber stamp when it comes to antitrust review. Robert L. Johnson, who runs Black Entertainment Television, appears to be a big winner in the deal as he gains control of Washington National-based DC Air, which would become the largest minority-owned airline.
  • The Surface Transportation Board is basing its judicial defense of its 15-month merger moratorium on the assertion of a statutory silence or ambiguity that must be decided in its favor. The STB also is asking the D.C. Circuit Court of Appeals to defer to the board's expertise in the matter.
  • Where is e-commerce going? That's what carriers of all types want to know. E-commerce officials increasingly are placing greater emphasis on fulfillment. One expert contends that shippers prefer to be told the status of e-shipments rather than having to access the information themselves. But the ongoing changes in buying patterns continue to vex carriers who are trying to predict where the market is heading.
  • A war of words is under way between shippers and the National Classification Committee over whether the classification group should continue to have antitrust immunity. The NCC claims it is willing to form an "ad hoc" committee of shippers to help unravel the process behind the classification of tens of thousands of commodities. Shippers are asking for a moratorium on classification changes. The Surface Transportation Board is weighing all sides of the argument.
  • Africa could be the next hot market for maritime. Yes, Africa. One Africa-based marketing official calls the continent one just "waiting to be opened." But North American companies need to change their ambivalent attitude toward Africa if they hope to profit from the increased trade. A new law, the Africa Growth and Opportunity Act, is expected to boost African duty- and quota-free exports of apparel to this country from $250 million a year to more than $4 billion annually.
  • Eagle Global Logistics says it has no plans to pay as much as $20 million in restitution payments in a race and gender discrimination case brought by the Equal Employment Opportunity Commission. EGL Chairman and CEO James R. Crane contends his company has done nothing wrong. He accuses the EEOC of a "one-sided" investigation and admits EGL is "dismayed" at how the case has been handled. Meanwhile, the EEOC has turned its 104-page investigation on EGL over to trial attorneys, who may bring a class action suit against the company.
  • No big surprises emerged among the comments filed at the Surface Transportation Board on the future of North American rail mergers. Despite obvious differences in the arguments of Burlington Northern Santa Fe Railway and proposed merger partner Canadian National Railway vs. the rest of the Class 1s, the railroads want to make sure the hearing pertains only to merger issues. Shippers, on the other hand, say it's difficult to separate merger issues from larger competitive issues, and that these must be addressed simultaneously.
  • Four railroads - Canadian Pacific Railway Co., CSX Corp., Norfolk Southern Corp. and Union Pacific Corp. - are purchasing an investment equity stake in Arzoon, an Internet company. Notably absent from the deal were Burlington Northern Santa Fe and Canadian National. But the investment in Arzoon raises many questions. Such as: will railroads come together to offer a unified Internet face to shippers? How will several Internet plays affect railroads and their customers?

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