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| AUGUST 29, 2000 |
Shipping News
- Aussie ferry builder wins A$37.5m S'pore order
[SINGAPORE] Australian fast-ferry maker, Wavemaster International Pty Ltd, has concluded a deal -- estimated to be worth up to A$37.5 million (S$36.75 million) -- with a local ferry operator for as many as 10 high speed passenger ferries.
- AP Moller nearly doubles half-year earnings
- Research Down Under aims to cut noise, vibration in high-speed patrol craft
- Shipper seeks $196m
Air and Land Transport
- Fire, explosion ruled out as cause of crash
[MANAMA, Bahrain] Gulf Air said investigators have ruled out an explosion or a fire as the cause of the crash of Flight GF072, which came down off Bahrain last Wednesday, killing all 143 people on board.
- China airlines' hopes of profits dashed by high fuel prices
- Northwest eyes freight alliance with Air China
- Skymark seeks Asian partners to launch int'l flights
- Lufthansa mulling stake in airline
Features
- Panama to inaugurate $77m cruiser terminal
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| AUGUST 29, 2000 |
- Grain shipments surge through Port of Houston
A deal with grain merchant Louis Dreyfus to operate its public elevator helps the port achieve a 71% boost in business during the first half of the year.
- EU poised to file charge against Korea shipyards
The price dispute over dumping has intensified in spite of negotiations.
- Hapag-Lloyd deploys new 4,900-TEU ship in trans-Atlantic service
The Singapore Express is the fifth of seven such ships to be deployed.
- Free-trade zone in China will add port facilities
Qingdao already boasts 40 countries involved in 700 projects.
- Nehru port to launch round-the-clock hours
The trade unions at India's largest port agree to increased productivity.
- Three little words that Washington loves to ignore
Don't expect presidential campaign rhetoric to include national transportation policy.
- EU poised to file trade complaint against Korean shipbuilders
- Refrigerated warehouse opens at Port of Corpus Christi
- Maine shipyard workers vote to strike
- China moderizing postal network
- Japanese transport official's car bombed; airport opponents suspected
- Classified U.S. papers retrieved from Gulf Air crash site
- Train, loaded with corn, derails, killing 1
- Customs nets millions from cash smugglers
- Court says forwarder not liable for damaged cargo
- PSA Corp. to introduce online system at Chinese port
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| AUGUST 29, 2000 |
- Food for thought
- Dalian shipyard rebuilds itself
- 'Go-west' campaign on the rails
- P&O Nedlloyd announces second quarter results
- MPA advisory group meeting
- Oil prices dampen airline profits
- Eagle rides with Harley
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| AUGUST 28, 2000 |
- Panalipina result soared
- United and Alpa agreement on new pilot contract
- Boeing components lost twice
- Sabena CEO wants 'drastic intervention' in order to save the company
- Air Canada near agreement with pilots
- TWA with 3 new trans-continental flights
- American to discontinue JFK-Frankfurt service
- FastShip to build terminal at Philadelphia's Port Richmond
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| AUGUST 29, 2000 |
- SCI enters ECB market to raise funds for Aframax carriers purchase
- RCL to launch Korea-Mideast box service
- MOL appoints transpacific mktg manager
- AP Moller Group posts all-round improved results in first half
- Lakshadweep places order for luxury liner with Hindustan Shipyard Ltd
- AP Moller's latest box ship christened Caroline Maersk
- Basmati rice exports slated to go up by 16 pc
- Cos Bill may be enacted via ordinance route
- Exporters can retain portion of EEFC accounts
- Export obligation: Forex neutralisation clause may be dispensed with
- 8-digit code for commodities soon
- Fresh guidelines on exim-related transactions in offing
- ECB norms in for further change
- CII team for Russia
- Singapore's investment in India up 21 pc
- Coffee Board urged to prepare export strategy
- Concor planning LCL cargo consolidation at CFSs
- LCL Agencies begins service from Jalandhar, Ludhiana
- Van Oord ACZ dredging Mormugao Port
- JNPT, unions sign pact to work round-the-clock
- Crude steel output up in July
- Inflation rises above 6 pc
- Forex Reserves declined by $ 198 million
- Goa to introduce entry tax from September 1
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| AUGUST 28, 2000 |
- Cosco, Uniglory revise joint China/Mideast service
- North Carolina venture to build grain terminal at Wilmington
- Fastship to acquire Philadelphia terminal
- China Southern adds Shanghai to freighter network
- Atlas Air to expand at Miami International Airport
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| AUGUST 29, 2000 |
- CCAL switches agents
- Ship blocks Durban port entrance
- ILA appoints new UK agent
- Portnet consults over tariffs
- Trade networking get-together
- Another drug bust
- Portnet gets tough on late arrivals
- Walvis Bay trumpets delay-free benefits
- Dredging completed within budget
- Mbeki commits to increasing trade through Walvis
- Documentation continues to stymie highway success
- Namport hints at major new customer
- Namibia needs its neighbours to promote hub benefits
- Entire SADC will benefit from Walvis Bay Corridor
- GCL brings on third vessel
- India demands bolts not seals
- Imports keep SA carnivores munching
- Incoterms: Comply or suffer the consequences
- 'The right term for the right environment'
- Compu-Clearing pursues 'synergistic acquisitions'
- Grincor stages dramatic turnaround
- Omar warns of rigorous action against overloaders
- Ripe avo probe moves to US
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| AUGUST 28, 2000 |
- Strike at BIW
The largest labor union at Bath Iron Works is on strike this morning.
- Carnival to buy rest of Costa
Carnival Corporation has signed an agreement to purchase the remaining 50% interest in Costa Crociere from Britain's Airtours plc.
- Carnival cancels two cruises for Azipod preventative maintenance
Carnival Cruise Lines, will cancel two seven-day voyages of its cruise ship Elation departing Oct. 29 and Nov. 5, 2000, to perform preventative maintenance on the ship's two Azipod propulsion units.
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| AUGUST 29, 2000 |
- Fredriksen homes in on Osprey
NORWEGIAN tanker tycoon John Fredriksen has spent S$6.69m (US$3.88m) a on further 2.3% stake in Singapore-listed Osprey Maritime, bringing him just 0.24% of short of a mandatory takeover bid.
- Carnival takes control of Costa
MIAMI-based cruise industry leader Carnival Corporation is to pay '350m ($525m) to UK travel firm Airtours for the remaining 50% stake in Genoa-based Costa Crociere.
- Swan Reefer chief in cash call warning for second half
OSLO-listed Swan Reefer, the world's biggest pure owner of reeferships, has warned that a tough reefer market will force it to raise cash in the second half of this year.
- Crew cuts plan trims Adsteam profitability
TOWAGE and US barge operator Adsteam Marine has reported a 4.7% increase in net profit after tax and abnormals to $17.9m for the year to June 2000, on revenues which rose from $120m to $198.5m.
- Cotesworth coup as Webb joins P&I division
RICHARD Webb, one of the top underwriters in shipowners' protection and indemnity, has joined Cotesworth P&I division, signalling a higher profile for the Lloyd's-backed fixed premium facility.
- July orders spree for Japanese shipyards
JULY was a bumper month for Japanese shipyards with 29 export orders adding another 1.54m gt to the country's backlog, writes Matthew Flynn, Tokyo.
- Australian owners switch strategy
THE Australian Shipowners' Association appears to have conceded that the raft of shipping reforms foreseen by the industry in its numerous reports to government are not going to happen.
- Strike shuts US Navy shipbuilder Bath Iron
WORKERS at leading US Navy shipbuilder Bath Iron Works in Portland, Maine have taken strike action after rejecting the company's improved new contract offer as wholly inadequate.
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