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| DECEMBER 28, 2001 |
Shipping News
- Asia-US trade in H1 of 2002 expected to remain weak
CONTAINER lines operating on Asia-US routes expect flat cargo business for much of the first half of 2002, continuing the trend of the second half of this year.
- K Line S'pore to take over two routes from parent
- Two consortia in India-Europe sector to merge next year
- Evergreen, Cosco end slot deal
- China Ship Dev buys transport firm from parent
Air and Land Transport
- THAI's Oct-Dec revenue may fall 10%
THAI Airways International said October-to-December revenue may fall as much as 10 per cent from a year ago, as demand fell and the carrier cut some flights to Pakistan and Oman on safety concerns.
- Panel appointed to pick new chief dumped
- China airlines urge adherence to market principles in merger talks
- Hainan Air hires foreign pilots
- Log Book
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| DECEMBER 28, 2001 |
- New service on India-Europe trade
- Hong Kong ports ranked cheap
- Remote Chinese economic zone reports growth
- CSXWT opens ATL logistics centre in Yantian
- Qingdao port joins top 20
- ICAO: traffic sluggish prior to September downturn
- Beijing APC wins first class air freight certification
- EVA names new CEO
- Winners reach for the sky
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| DECEMBER 27, 2001 |
- Next problem for Sabena-successor
- Joint-venture Sea-Cargo and VCK
- Asylum-seekers biggest problem for Eurotunnel
- Next transport portal arriving
- Evergreen revises its China - Australia links
- Singapore in aircraft maintenance joint venture
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| DECEMBER 28, 2001 |
- GE Shipping to issue pref. shares to raise Rs 95 cr.
- Larger global trade in pulses, firm prices projected
- Dumping duty on HSR from Poland, EU mooted
- German industry keen on closer trade ties with India
- N. Dhilleswara Rao new chief of A&N Port
- KPT to upgrade Gandhidham-Adipur drainage system
- ‘Our commitment is to make Chennai a true hub port ’ - Capt. J.H. Sarbh - Amazing performance in just 25 days
- Concor wins VPT tender for portside box terminal
- Proposed int’l cargo hub at Nagpur to develop Vidarbha region
- Concor to commission ICD-Jamshedpur soon
- Move to curb rubber imports
- Ficci study lists advantages of Euro for Indian firms, exporters
- Panel wants ECGC capital base enlarged
- India to join Asia Highway project club
- Gujarat wants to export 1,00,000 bales cotton
- Govt forms development council for textile machinery sector
- MAT will deny full tax-holiday benefit, warns Ficci
- SOPA moots steps to widen acreage, harvest larger soyabean crop
- Certificates awarded to 10th batch of Export Import Workshop
- New Argentina currency from January
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| DECEMBER 27, 2001 |
- Crude off early highs as doubts creep in about cut efficiency
- North European markets mostly quiet between holidays
- OPEC sources confirm January cut, aims to lift oil price into the 20s
- Posted prices up in Saudi Arabia
- Rotterdam morning market report
- OPEC close to cut agreement
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| DECEMBER 28, 2001 |
- T&B expands in Czech Republic and in Slovakia
- BNSF and Swift start perishables service
- Toyota is interested in MAN
- Gruber has new partners
- APR with Italmondo
- Bureau Veritas and RINA suspend alliance discussions
- Indian Subcontinent - Europe trade gets a boost
- CMA CGM Ravel
- Mediterranean Shipping Company (USA) announces new Caribbean service
- Evergreen revises its China - Australia links
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| DECEMBER 27, 2001 |
- Port of Coos Bay submits project list to state of Oregon
- Corps of Engineers looking for comment on Columbia dredge plans
- DOT approves Delta move to work with foreign carriers
- Portland Airport placing noise study back on line
- Hanjin adds 5,500TEU ship to Europe/Asia/US West Coast trade
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| DECEMBER 28, 2001 |
- Genova, grandi lavori in porto
Un nuovo bacino e tempi brevi per l'ampliamento dell'area Voltri
- I cantieri minori lanciano l'allarme
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| DECEMBER 28, 2001 |
- Bushfires add to woes of insurers
AUSTRALIAN insurers, still reeling from turbulent market events earlier in the year, face a hefty new bill as a result of the bush fires that swept across New South Wales.
- Coast Guard pair in dock for fraud
A FORMER US Coast Guard paralegal and another man have been indicted on conspiracy charges following an 18-month investigation into a false documentation racket.
- Evergreen to pull out of Cosco slot charter pact
TAIWANESE carrier Evergreen is set to terminate its slot charter agreement with China’s Cosco in the China-Australia trade from February, a move that suggests a reversal of Evergreen’s recent softening of its independent stance.
- P&O Princess shares peak amid merger excitement
BRITAIN’S P&O Princess Cruises yesterday forecast that full-year profit would be at the top end of its previous expectations as company moved ahead with its planned merger with Royal Caribbean Cruises.
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| DECEMBER 27, 2001 |
- Evergreen, Cosco to end slot-share pact
Evergreen in February is expected to begin to use its slot allocation on Lloyd Triestino's services between China and Singapore and between Australia and Singapore.
- India to sell 51% stake in ocean carrier
The government expects a strategic partner to provide technical and management expertise, in addition to investing in fleet expansion at Shipping Corp. of India.
- Chemoil takes stake in OceanConnect
- Heavy snow slows NS operations around Buffalo
- Crowley taps Grune to head Ship Assist and Escort Services
- South Korea to expand Inchon airport
- Two charged in Coast Guard license scheme
- Bangladesh, Myanmar plan shipping links
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| DECEMBER 27, 2001 |
- Lawsuits mount against ACLN
Class action suits accuse the car carrier company of misleading the investing public.
- P&O Princess inches up profit forecast
Cruise liner takeover target says bookings up on last year, but prices still lagging behind.
- Chemoil buys into OceanConnect
Chemoil is using OceanConnect as its exclusive online system for buying and selling fuels.
- Kvaerner delays share issue
Hiccups with small creditors delay next episode in the troubled group's survival soap.
- TMM replaces stock symbols
The move is a result of the merger of TMM with Grupo TMM.
- Search abandoned for missing capesize
Passing vessels collect debris from missing Transmed bulker Christopher, but no sign of crew or ship.
- SCI sell off moves up a gear
The Shipping Corp of India has passed through another privatisation green light.
- WG&A plans fleet growth
Philippines ferry operator is looking ahead at expanding its operations in the next two years.
- Singapore approves Cosco share listing increase
Exchange gives green light to share base expansion to fund repair yard acquisition.
- HMM sells Hyundai Heavy Industries shares
Debt-laden Korean shipping firm has disposed of shares in group sibling to aid shipbuilders' breakaway.
- Five seafarers die cleaning vessel
Toxic fumes are being blamed for the deaths of seafarers onboard a vessel at a Malaysian port.
- For Daedong now read STX Shipbuilding
Korean yard's new owner seeks to stamp corporate identity on acquisition.
- Investors turn bullish on Sanoyas
Financial markets upgrade values of smaller shipbuilders as Japanese yen continues downward spiral.
- Yard sale to boost IHI finances
Sale of Ishikawajima-Harima Heavy Industries' former Tokyo yard to lift year-end profits by $46m.
- Kawasaki opts for shipbuilding spin off
Engineering giant cites improved efficiency and global competition for decision to separate yards.
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