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| DECEMBER 31, 2001 |
Shipping News
- SingTel eyes China market for marine telecoms
SINGTEL looks set to corner the lucrative Chinese language maritime communications market, offering traditional and simple Mandarin interfaces for the world's most widely-used remote satellite communications system.
- HK box maker expands China base despite slow year
- Kuching port raises RM180m via Islamic bonds
Air and Land Transport
- Virgin Express, Belgium's DAT in talks to merge
BELGIAN-based airline Virgin Express said it had entered into exclusive merger talks with investors in Sabena's former short-haul subsidiary Delta Air Transport .
- Removal of agent not due to profiling: airline
- America West first to get US grant
- Air China official gets death for embezzlement
- US seeks reasons for flight delays
- Olympic Airways: talks on sale extended
- Log Book
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| DECEMBER 31, 2001 |
- Lok Ma Chau takes lion's share
- Transmarine to include Pusan in its network
- Merger delay 'not a problem'
- Amsterdam to levy airport security charge
- Aid schemes ratified
- China woos foreign airlines
- Diaz-Rohr new CIO at Lufthansa Cargo
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| DECEMBER 28, 2001 |
- Ruling Washington for delay reporting
- Chemoil stake in OceanConnect
- Struggle for DAT birth
- Boeing talks with Japanese producers
- Airbus cuts monthly A320 output
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| DECEMBER 31, 2001 |
- Scotland Yard waves on G. E. Shipping’s m. v. Nisha
- Wheat exports to Iraq after GBI inspects cleaning facilities: Minister
- North Bengal exporters want more notified LCSs
- Farm exports to Chile may rise
- Anti-dumping duties imposed on 3 more Chinese products
- Pak losing Basmati markets to India
- NM Port buzzes with box traffic activity
- Vizag Port Trust establishes new record in cargo handling
- Maersk Benelux B.V. acquires Maersk Delta box terminal
- Ispat to expand captive jetty capacity
- Ministry relaxes norms for textile industry, simplifies procedures
- Assocham: Scrap SAD
- MSEB hikes power tariff by 4 pc
- Japanese economist lists roadblocks to investors in India
- Capexil seeks MAI grant to survey US market for rubber goods
- Fieo sees need for tax relief on export profit
- Hemant Bhatia is ACAAI Chairman
- IPCL wins Plexconcil export award
- ITPO to hold Tex-Styles India from Feb. 10, 2002
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| DECEMBER 28, 2001 |
- Price indications from Argentinean ports
- OPEC confirms 1.5 million barrels cut for 6 months
- EIA forecasts 32% increase in US energy use up to 2020
- Chemoil Corporation joins OceanConnect as equity partner
- Rotterdam morning market report
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| DECEMBER 30, 2001 |
- Brits release suspect ship
British authorities have released a cargo ship intercepted on December 21 in international waters
- Court denies Maritrans claim
Court says requirement to phase out single hull tank vessels is not a Fifth Amendment "taking"
- New president & CEO for Kvaerner
Helge Lund gets the job
- $369.8 million contract for Ingalls
Yard to build its twenty-fifth DDG 51
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| DECEMBER 28, 2001 |
- Rotterdam liftings on the slide
- Toxic fumes kill five crew
- Thailand plans mega shipyard
- Indonesia to merge ports
- Argentina’s default "will hit shipping"
- Probe mounted into missing bulker
- HHI spin-off on course
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| DECEMBER 28, 2001 |
- Tanker demand likely to hit 10-year low
OPEC's agreement to slash crude production by 6.5%, together with matching cuts by non-OPEC producers, will reduce the demand for shipping by the equivalent of nearly 30 supertankers a month.
- New India-Europe service to start Jan. 6
The new service will combine two consortia comprising Evergreen Marine, "K" Line, Malaysian International Shipping, Shipping Corp. of India, Yang Ming and Zim Israel Navigation.
- S. Korea lowers threshold for duties
The new rules mean that duty will be levied on products worth $29 and more. Under current regulations, customs duties are imposed on goods whose value is $77 or higher.
- Rail delays through Buffalo worsen
- Gems, cash stolen from South African air-cargo depot
- Maritrans loses OPA-90 case
- Proposal outlines responsibilities of security agency
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| DECEMBER 28, 2001 |
- Cash crunch hits Argentinian shipowners
The freeze on US dollar denominated bank accounts causes cash flow problems.
- Brazil sets tanker safety rules
Opening of the domestic market will allow import of oil products from 1 January, 2002.
- Carnival keeps up bid pressure
Micky Arison fights to win Princess through season of goodwill.
- Jacksonville plans for deeper harbour
A two-year $31.6m project will deepen St. Johns River Harbour by two feet.
- TMM delays stock symbol change
The symbol adjustment is pushed backed by five days to 31 December.
- Skuld wins cash call backing
Shipowners agree to dig into their pockets to find extra $40m for struggling P&I club.
- Yakutsk detained again
Tokyo MOU inspectors find plenty to complain about on 29-year-old ship.
- Daedong out of receivership
Order hopes rise as $76m bank deal ends South Korean yard's four year crisis.
- Royal Caribbean sees pricing upturn
Richard Fain is encouraged by improved bookings and sees brighter outlook.
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