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21 September 2020 The on-line newspaper devoted to the world of transports 02:00 GMT+2

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Shipping Timesweb site
MAY 25, 2001
Shipping News
  • Maersk Sealand may invest in Colombo's new South Port
    MAERSK Sealand is among those watching developments around the planned South Port of Colombo with an eye on possible investment.
  • Chennai port workers end 17-day strike
  • Indon port management to be decentralised soon
  • Mitsui posts 1st full-year profit in 5 years
  • Frontline's Q1 profit jumps to US$162m
  • Kaohsiung aims to regain No 3 spot
Air and Land Transport
  • Air India chief suspended for alleged graft
    THE chief of national carrier Air India was suspended from his post after government investigators accused him of corruption, a report said.
  • Virgin Blue may start Sydney to Melbourne service in June
  • AOM, Air Liberte protesters halt Orly airport traffic
  • UAL may drop US$12.3b bid for US Airways, say analysts
  • Cathay seeks closer ties with 3 China airlines
  • Lufthansa dispute: ex-foreign minister to mediate

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The Journal of Commerceweb site
MAY 24, 2001
  • UPS stakes its forwarding claim
    The Fritz deal caps the creation of a new $750 million forwarding and customs brokerage unit.
  • ILWU, PMA in war of words
    Labor and management squared off on Capitol Hill Wednesday in contentious testimony over productivity at West Coast ports.
  • Jeffords move may "refocus debate"
    The defection of the Vermont Senator from the Republican ranks could have a long-term effect as the Senate shifts to Democratic leadership.
  • Vancouver wins new liner services
    Orient Overseas Container Lines, NYK Line and Lykes Lines have begun to use the Canadian port as their first call on the Pacific Northwest coast for some services.
  • Schenker revamps U.S. unit
    The German-based forwarder wants to boost its presence here.
  • GSA to let express contract
  • Schenker revamps U.S. unit
  • Panama canal tonnage up
  • West Coast coalition calls for port changes
  • Erie, Pa. gets $3M for ferry terminal
  • EGL adopts poison pill
  • TACA hikes bunker charge
  • Indonesia threatens wholesale shipping closure
  • MTMC to privatize containers
  • B2B exchanges: turmoil and tranformation

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Sched Netweb site
MAY 25, 2001
  • TSL moves closer to realisation
  • Singapore sees launch of new global logistics group
  • New regulations set for foreign exchange management
  • KLM income trebles
  • British air deal set to take off
  • Snyder takes the helm at Polar

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Exim Indiaweb site
MAY 25, 2001
  • APL to acquire American Automar
  • Use Africa as springboard to US market: CII
  • Tea Board identifies 'thrust markets'
  • SOPA aims to export 5 lakh t meal to Europe
  • Pak businessmen for extending MFN status to India
  • Steel majors join hands to stem export decline
  • CII moots steps to avert cheap, substandard steel imports
  • Govt to review palm, soya oils import duties
  • Mauritius-based FIIs' capital gains are business profits: AAR
  • Surat SEZ first to cross Rs 100-cr export turnover mark
  • Parliamentary panel to seek suggestions on FTDR Bill
  • Crucial medium-term export strategy on anvil: DGFT
  • Levy exemption on exported sugar extended
  • ECGC pays highest-ever single claim to State Bank of Saurashtra
  • 10th Plan to include special focus on textile units' growth
  • Monsoon sets in Kerala
  • WTC PG courses from June 15
  • Gujarat braces for cyclone impact
  • Workshop on Ex-Im Management
  • Jawahar Customs... CHA employees' strike likely to be called off

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The Bunker Bulletinweb site
MAY 24, 2001
  • US Gulf markets start quiet today
  • Montreal/Halifax market update
  • Quiet markets in Italy and Gibraltar
  • Piraeus and Istanbul market review
  • Singapore market steady to soft today
  • Korean fuel oil prices firmer this week, distillates steady
  • Steady market in Hong Kong
  • Firm market in Japan this week

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Marine Logweb site
MAY 24, 2001
  • Another drilling merger
    Pride International, Inc. and Marine Drilling Companies, Inc.have entered into a definitive agreement to merge
  • Northrop Grumman gives NNS shareholders all-cash option
    Northrop Grumman Corporation has commenced its exchange offer for all the outstanding shares of common stock, including associated rights, of Newport News Shipbuilding Inc
  • Ship managers to merge
    John Denholm, chairman of the J&J Denholm Group of companies and Peter Cremers,chairman of the Anglo-Eastern Group,earleir this week agreed to merge both groups' ship management and crewing operations.

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World Wide Shipperweb site
MAY 24, 2001
  • Puyallup City Council gives green light to BNSF to speed up trains through town
  • Hyundai, ACL, MOL and SSL lines announce formation of joint service between Singapore/India
  • ANZDL announces that Australian citrus exporters have re-evaluated cold process shipping
  • U.S. Department of Defense agrees to allow APL to purchase American Automar
  • New World Alliance opens two additional port options along its Atlantic Pacific Express

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Lloyd's Listweb site
MAY 25, 2001
  • Commission objects to Hutchison's ECT stake
    The EUROPEAN Commission has filed a statement of objections against Hutchison Whampoa's joint control with Rotterdam port authority of Europe Combined Terminals BV, an industry source said ye...
  • Court rules in favour of Rotterdam strikers
    DOCKERS at Rotterdam's Europe Combined Terminals can continue with their highly-disruptive lightning strikes, a Dutch court has ruled, writes Brian Reyes. ECT and other Rotterdam tran...
  • 'Big Three' censured by IACS over go-it-alone tactics
    THE 'Big Three' class societies have been censured by fellow members of the International Association of Classification Societies over their intention to take a lead unilaterally with a...

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Fairplayweb site
MAY 24, 2001
  • Israel to sell Zim stake
  • Maersk Broker joins Shanghai rush
  • Gujarat ports on disaster watch
  • ITF backs UAE flag ban
  • Court reverses Filipino decision
  • Customs strike shuts JN port
  • Kandla closes, braces for cyclone
  • NOL will let Eagle fly
  • Hutchison urges port policy switch
  • Senate switch will affect shipping
  • Sun salvors finish styrene pumping
  • MMA protests continue
  • Court backs ECT strikers
  • Chennai strike called off
  • Korea hits back at Japan
  • Genoa to close for G-8 summit
  • US coastal shipping set for a lift
  • Minoan sells assets
  • Long Beach awards Hanjin contract

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Marine Linkweb site
MAY 24, 2001
Maritime Contract News
  • Port Congestion Chokes Nigeria's Economy
Breaking News
  • Turkey To Ship Water To Israel
  • Port Congestion Chokes Nigeria's Economy
  • MISC Expects Good Profits
  • Tender Issued For Zim Israel Navigaton
  • NOL To Split, List American Eagle Tankers
  • Northrop Grumman Moves Ahead With Hostile Takeover

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TradeWindsweb site
MAY 24, 2001
  • Israel invites bids for Zim stake
    Roll-up for the chance to get into business with the Ofers.
  • APL to buy Automar for $50m
    The purchase would give APL access to larger business of providing specialised sealift services.
  • ICTSI returns to red
    The Philippine port operator and developer had posted gains in 2000 after dwelling in the red in 1999.
  • Panama Canal Authority mulls $226.8m outflow
    An anticipated revenue growth in fiscal 2002 may help fund the authority's contribution to the National Treasury.
  • Sasebo Heavy cutting its losses
    The Japanese yard almost broke even last year and is predicting a profit this time around.
  • Panama canal sees higher panamax traffic flow
    Sustained growth in shipping of oil products and containerised cargoes supported the traffic increase.
  • HMM denies share sale
    The shipowner is not selling its stake in Hyundai Securities, contrary to a report in Korea.
  • MIF pulls in record profits
    Tsakos-backed MIF is looking at range of partnership and merger opportunities as the cash continues to roll in.
  • World-Wide touts modern bulkers
    Sale prices on three 1990-built panamax bulkers currently offered for sale could benchmark prices for modern vessels.
  • FGH completes sale of engineering subsidiary
    The $33.5m proceeds will help to keep the cash-strapped company afloat during its reorganisation process.
  • Second-half slump sinks Naikai Zosen
    The Japanese shipbuilder saw profits evaporate in the final months of the last fiscal year.
  • Hanjin covers Cho Yang intra-Asia service
    Hanjin takes over Korea-Malaysia route from troubled liner operator.
  • MISC in demand
    The Malaysian owner was firmly in profit in the year to 31 March.
  • Northrop begins buyout of Newport News
    The US aerospace and defense firm would issue 16.6m common shares to complete the proposed transaction.
  • Union backs bid for Tees yard
    Ex-manager plans to take over part of debt-laden Cammell Laird shipyard group.
  • NKK returns to profit
    The Japanese steel producer and shipbuilder reports a sizeable turnaround in financial results.
  • FGH hit by first quarter losses
    Losses of $73.2m deal another blow to troubled US shipbuilder Friede Goldman Halter.
  • Aframax demand lifts Japan's order intake
    High tanker demand gives Japanese yards positive start to new financial year.
  • Keppel T&T in boxship disposal
    Keppel Telecommunications and Transportation has sold a feeder vessel as part of its exit from shipping.

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