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| AUGUST 28, 2001 |
Shipping News
- Throughput at Hutchison global operations up 5%
HIT by the economic slowdown, the world's largest private port operator, Hutchison Port Holdings , turned in mixed half-year results for its 29 container interests but still manages an overall throughput rise of 5 per cent for its global operations.
- Pan United bags more orders for supply vessels
- Australia refuses entry to vessel which rescued refugees
- Logistics industry will see more mergers, conference told
- First-half container volume down at Taiwan ports
Air and Land Transport
- Thai Air's internal conflicts causing its losses: Thaksin
THAI Airways International, the state-controlled carrier, is losing money as too many internal conflicts are resulting in the airline's inefficiency, Prime Minister Thaksin Shinawatra said.
- Swissair expected to post H1 loss of 200m francs
- Air India sharply lowers profit forecast
- S Korea, Germany to increase air cargo, passenger flights
- FAA team heads for S Korea to discuss improving air safety
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| AUGUST 28, 2001 |
- Discounted handling fees scrapped at Port Klang
- ISO 9001 quality recognition for Thomas Miller
- U-Freight strengthens management
- Tibet to be the best in the west
- Profit turbulence at China Southern
- BAX Global kicks off extranet service
- SIA revises depreciation formula
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| AUGUST 27, 2001 |
- Kuehne & Nagel expects more profit
- American, workers agreement
- 'Huge loss Swissair to be expected'
- 'Deutsche Bahn to keep infrastructure
- Newest APL ship christened in Germany
- Australia to sell rail freight companies
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| AUGUST 28, 2001 |
- akesh Mohan heads 7-man panel on tonnage tax
- Basmati exports may climb to 6 lakh tonne
- Decline in EU wheat output augurs well for India
- Anti-dumping duty on sodium ferrocyanide must stay: DA
- Coal imports to cost Exchequer over $ 1 bn in 2001-02
- Polyester fibre, yarn imports projected to rise
- Rubber industry depending on exports to trim stocks
- Spices trade urges govt to allow cummin seeds imports
- States asked to draw up inland water transport policies
- Forex reserves up by $ 326 million to $ 44,135 million
- India can emerge top wheat exporter: Ex-chief of Apeda
- Inflation edges up to 5.41 pc
- Naidu advocates ‘open sky policy’ on infrastructure
- New policy to promote agriculture goods exports on anvil
- Sinha to meet TUs on labour law reforms again
- Investments in facelift must be lucrative: Textile Secy
- Forex reserves shoot up
- Battle for basmati patent on in 26 countries
- India meeting global wheat quality standards : Minister
- Ficci welcomes VAT, but sees policy flaws
- ISO 9001-2000 for Chennai airport
- Ficci gets into the fashion
- Australia keen on Indian IT expertise
- Colombo drops airport landing charges
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| AUGUST 27, 2001 |
- New rail services offered in Georgia
- Don't forget the ports!
- Successful Fertrans
- Rail tariff department
- SNCF acquires Castle Services
- Express Lane to Philadelphia
- Full order books for Smit's E-fleet
- Computer Display Europe awards Exel
- Zeebrügge volumes down
- New store for Citrus Coolstore
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| AUGUST 27, 2001 |
- Larry Hornbeck joins Hornbeck-Leevac board
Larry D. Hornbeck, former Chairman of the Board, President, Chief Executive Officer and founder of the original Hornbeck Offshore Services, Inc., has joined the Board of Directors o fHornbeck-Leevac Offshore Services, Inc.
- Navy job for Halifax
A C$9.4-million competitive contract has beenawarded to Les Chantiers Maritime Irving Shipbuilding Corporation (operating as Halifax Shipyard) for maintenance and repair work on the HMCS Athabaskan
- Ft Lauderdale gets a water bus
Canal Boats, Inc. has delivered the first bio-diesel hybrid electric ferry, the Clay Shaw to Broward County (Florida) Mass Transit.
- More Japanese take cruises
The numbers are still small compared with those for Americans or Europeans, but a record 226,000 Japanese vacationers chose overnight ship cruises in 2000
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| AUGUST 27, 2001 |
- APL launches newest vessel from Aker shipyard in Wismar, Germany
- Port of Bellingham holding BAYFEST at new Bellwether on the Bay development
- Boeing works with Japan Airlines to develop inventory center in Tokyo
- Maersk Sealand begins service covering Caribbean, Oceania and Americas
- DOT and FAA honor Tulsa controllers for eight years of error-free operations
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| AUGUST 27, 2001 |
- CP receives favorable tax ruling for revamp
The ruling, a key requirement for CP's reorganization plan, confirms that the issuance of new shares in CP's five new companies will occur on a tax-deferred basis and that eligible shareholders will be able to file for tax-deferred treatment.
- Court orders Cho Yang to liquidate
The Korean company's reorganization ended when the court ruled "that the value is much more anticipated by liquidation of the company than by its continuation and the quantum of outstanding liabilities is too much burden for the company to carry on."
- Sri Lanka waives landing fees for aircraft
The incentive aims to offset the war-risk insurance surcharge imposed on international airlines after Tamil guerrillas attacked the country's only airport last month and destroyed four aircraft.
- Trial begins for ex-Teamster Carey
- Cosco to use Celarix rate-management software
- Danzas wins Latin American pact from Roche
- Santos to remain in public hands
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| AUGUST 27, 2001 |
- Genmar takes final vessel
The company has about $90m available from its credit facilities and cash balance.
- Argentinian tanker owners facing dilemma
The newbuilding plans are on hold because of a 65% tax on foreign-built vessels to protect local shipbuilders.
- Frontline stock rebounds from bottom
Investors' confidence return, but trading volume is seen low.
- Norden profits triple
Danish shipowner is in the money, with more than a little help from some profitable asset play.
- Virgo set to leave Canada
Primorsk Shipping posts a $13m bond for the ship to cover potential damages claimed by the victims' families.
- Protest voiced over Latvian tanker plan
Revival of Latvian Shipping Co's project to buy three newbuildings has met with fresh opposition.
- Norske Skog sells paper carriers
Norwegian papermaker sells majority stake in newsprint ships to Seatrans.
- CP gets favourable Canadian tax ruling
The company is hoping to receive a similar response from the US Internal Revenue Service in September.
- PRS privatisation completed
Classification society that IACS expelled becomes a joint stock company.
- Arrest dismays Enterprises
More seizures feared as Kostas Koutsoubelis warns "everything can be expected."
- Second Victor Restis ship arrested
Bondholders seize Canmar Supreme over Enterprises bond default.
- Ethiopian Lines earmarks cash for ships
An African shipping line is looking to buy two ships to increase its freight capacity.
- Star Cruises counts cost of Norway cancellation
Asian cruiseship operator Star saw its revenue and operating income slip back in the second quarter,
- Partners to auction Bergen line
Nesheim and Eidesvik in contest for ownership of Wilson EuroCarriers.
- Ship refugees start hunger strike
Crisis grows as governments wash hands of 438 refugees on Wilhelmsen ro-ro.
- U-Ming sees income double
Taiwanese bulker owner U-Ming has had a profitable start to 2001.
- Workers injured in dockyard blast
Four shipyard employees sustained serious burns after an explosion at Malta Drydocks.
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