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| NOVEMBER 12, 2002 |
Shipping News
- RCL's profits down in Q3 on lower forex gains
DESPITE suffering a relatively slight drop in sales, Singapore-headquartered and Thai-listed feeder Regional Container Lines saw its third quarter profits fall two thirds year-on-year, due to lower gains from foreign exchange and refinancing costs.
- Italy joins US pre-screening cargo programme
- NZ short-lists S'pore firm to supply navy ships
- Freighter carrying lumber sinks off Japan
Air and Land Transport
- Direct China-Taiwan links will hurt HK carriers: ING
A reopening of direct air links between mainland China and Taiwan will benefit mainland and Taiwan carriers but hurt airlines in Hong Kong, now the main transit point for air traffic between the two places, ING Financial Markets said.
- 2nd big United Airlines union agrees to pay cuts
- Plane crashes into Manila Bay
- Emirates' half-year profits soar 140%
- Bali airline likely to begin service in Feb
Features
- Group to gain from new chief's business contacts
IN May of next year, the highest office of the International Association of Ports and Harbors will fall to the Port of Rotterdam in the person of Pieter Struijs, director at the Rotterdam Municipal Port Management.
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| NOVEMBER 12, 2002 |
- IRA peak season surcharge set to start mid December
- Cargo System to be renamed OOCL Logistics worldwide
- NYK makes compliance big issue throughout group
- Thailand's government shelves plans to corporatise PAT
- Eagle has landed with Exel in South Africa
- Chinese-built ro-ro ship to carry Airbus A380 components
- Air Macau starts services to Malaysian cities
- UPS sets US shipping rates for 2003 to take effect January
- British Airways' pilots salute Remembrance Day
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| NOVEMBER 11, 2002 |
- 'Bad reporting on EU Court decision'
'U.S. bilateral "open skies" and other air services agreements with European Union (EU) member states remain in force despite the European Court of Justice's November 5 ruling that certain provisions of those agreements are contrary to EU law, says a U.S. Department of Transportation official.
- Deutsche Post leaving Formula 1
Completing the 2002 season, the time of the yellow post horn racing cars with the red DHL logo is gone.
- UPS to raise rates in January 2003
UPS announced rate increases ranging from 2.9 percent to 3.9 percent, effective Jan. 6. International air rates will rise 2.9 percent, while those for the company's domestic next-day air service will increase 3.2 percent.
- British airports face strike
UK's biggest airports could be shut down within weeks after thousands of workers - including specialist firefighters - voted to strike.
- United agreement with attendants
United Airlines reached a tentative cost-cutting agreement with its flight attendants union as part of an effort to avoid bankruptcy, the carrier announced Sunday.
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| NOVEMBER 12, 2002 |
- Geodis-moving ahead under new leadership
- India hauls US to WTO panel against modified rules of origin for textiles
- Cotton growers’ subsidy too irks India
- India, Thailand to form free trade area
- Anti-dumping Authority reviewing duties on Chinese batteries
- Thailand seeks Indian help to boost rice prices
- Assocham favours 100 per cent tax exemption for project exports
- Withdrawal of incentives will hit exports: Trade bodies
- India to get 3 mt crude from Sudan
- 16,000-t. sugar order from Lanka
- KoPT may emulate MbPT, take up stevedoring
- ...ambitious plans to develop Saugor port
- ...may soon offer consultancy services to Port users
- Court admits Zulash Clearing’s plea against MbPT taking over stevedoring - No stay granted
- MbPT offers empty box storage facility at Sewree
- October witnesses worst funds outflow in 2 years from equities
- GDP growth target may prove elusive
- Inflation rises to 3.02 per cent
- GAIL to buy gas from Myanmar
- TN invites US cos to set up manufacturing units
- Forex reserves increase to touch $ 64.62 bn
- Rudy: Special fund earmarked to promote exports from states
- Duty exemptions on some items may continue
- RBI frees rupee export credit rates on 2nd slab
- Seminar on ‘Using UCP Paper on Nov. 14
- Industry should get ready to face global competition-Shekhawat
- Shourie to hold addl. charge of Commerce for now
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| NOVEMBER 11, 2002 |
- OPEC output up nearly 4% last month, half from Iraq
- Daily Bunker market report from Praxis Energy Agents
- Crude rebounds as market awaits Iraqi reaction to UN resolution
- BUNKERDESK just keeps on growing
- Rotterdam: Fuel oil firms as crude bounces back
- New TWI fuel report
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| NOVEMBER 11, 2002 |
- TransRussia Express to Lübeck
- Mediterranean Shipping Company enhances its North Atlantic service with direct U.S. - Mediterranean calls
- Geodis acquires a 50% stake in Thales Freight & Logistics
- Italia Line adds Fos to its schedule
- Dachser partners Fercam in Italian trade
- Loxx Logistik & Spedition forms new partnership in Belgium
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| NOVEMBER 12, 2002 |
- ‘Dirty bomb threat’ to European ferries
FERRY operators across Europe went on high alert last weekend, following Dutch and French intelligence warnings of a terrorist strike, according to a leaked document obtained by Lloyd’s List.
- Spain investigated suspect al-Qa’eda ships
THE SPANISH government has investigated at least four ships at the North African enclave of Ceuta on suspicion of links to al-Qa’eda, writes Brian Reyes.
- P&O turns Sapphire into Diamond
P&O PRINCESS’ two cruiseships under construction at Mitsubishi Heavy Industries will be available for the important 2004 summer season following a revised delivery schedule in response to the fire that gutted the first of the newbuildings, the Diamond Princess.
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| NOVEMBER 11, 2002 |
- Line to link Arab ports
- US investor to buy Suape terminal
- Yemen counts cost of Limburg attack
- Baltic Ex assesses new direction
- Kandla digs deeper
- Tecmarine goes out of business
- Bolivar sale hit by internal battle
- Costa to invest in ports of call
- China sells more grain to Taiwan
- Trans Pacific drops Pacific links
- Cape Town to make major investment
- Jolly Rubino to be left on reef
- Tamil talks lead to ferry agreement
- Crews, guards accused of smuggling
- Iraq trade expands despite war fear
- Port boss takes on outdated unions
- Tax on time charters opposed
- Report says France not competitive
- Revised Diamond dates announced
- Ferries used to smuggle timber
- Ferry owners warned of bomb threat
- Shippers issue ultimatum to lines
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| NOVEMBER 11, 2002 |
- U.K. air traffic facing strike chaos
Great Britain's air cargo and passenger services are facing a chaotic winter after unions today unveiled plans for a series of strikes at the country's seven busiest airports.
- U.S. transport job growth seen lagging
The government said transportation jobs will grow at a rate only a third as strong as the growth of all jobs in the United States within the next decade.
- BAA cargo surges in October
- NYK/Ceres wins Halifax box bid
- Santos box thieves cross 'thin' line
- FedEx Freight names unit chiefs
- Con-Way adds homeland security surcharge
- Brown, Crowley receive AOTOS awards
- Menlo Worldwide names Cazares
- JB Hunt Transport Services gets $150M credit line
- Roadway Express, Canadian unit sign for security programs
- Norfolk Southern tabs Ciena for network
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| NOVEMBER 11, 2002 |
- Hanjin ship fire drama
Serious damage feared to containership newbuilding Hanjin Pennsylvania.
- Trico unions claim victory
Supply boat crews warn they'll hold company to its vows.
- Santos thieves get computerised
Alert after $1.6m of IT gear is stolen in Brazilian port scam.
- Swedish Club seeks 'substantial' hull rises
Gothenburg-based insurer looks to hike 2003 hull premium increases by more than 25%.
- End of the line for Tecmarine
Family owned line taken over by Seaboard in Caribbean container consolidation.
- P&O Princess agrees MHI cruiseship deliveries
Cruise company swaps vessel names following Diamond Princess fire.
- Gotland profit halved
Swedish owner hit by weak passenger and product tanker markets.
- Saevik calls in Havila shares
Norwegian investor Per Saevik increases stake in offshore shipping company he founded in 1998.
- Tough third quarter prompts Precious profit plunge
Fewer operating days and lower yields for Thai owner's handysizes hits earnings.
- Indian breakers up VLCC total
Festivals and holidays cool demolition action across already quiet markets.
- Domestic traffic boosts Montenegrin operator
Adriatic ferry player Pomorski Saobracaj is on target to carry 610,000 cars in 2002.
- Namsos scrapes into profit
Norwegian passengership owner survives loss-making third quarter to remain in the black.
- ASP opens in Scandinavia
Shipmanager moves to extend reach into North Sea market.
- Terror attack costs Yemen dear
US State Department's Office of Counterterrorism outlines economic impact of Limburg incident.
- RCL doubles its money
Currency gains propel Thai boxship owner to big profit in first nine months.
- Unithai in landmark drydocking
P&O Nedlloyd's post-panamax boxship Repulse Bay sets new record for Thai ship repairer.
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