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| JANUARY 7, 2003 |
Shipping News
- S'pore to host major maritime security meet
THE need for heightened maritime security will be put under the spotlight at an unprecedented maritime security conference being held here later this month.
- RCL rides high on waves of change
- Carnival to seek EU nod again for merger
- US hospital ship sets sail in build-up for possible war
Air and Land Transport
- New US airport screening for bags goes smoothly
KNOWING holiday travellers would be putting the country's new airport baggage-screening system to its first big test, Robert Chesniak gave himself 90 minutes to check his luggage on Sunday at O'Hare International Airport in Chicago.
- NZ airports to install high-tech ID systems
- KLM expects full fiscal-year loss
- THAI to start flights from Chiang Mai
- Log Book
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| JANUARY 7, 2003 |
- Struggling MOL to slash costs by US$251m
- Maersk Logistics part of US Customs' C-TPAT programme
- Gerald Pirpich named ABF Freight vice president
- Europe/ Middle East carriers reduce bunker surcharge
- GAC opens new hub agency centre in London
- Swift signs logistics contract with Master Foods
- DHL inks distribution services deal with Sun Microsystems
- Southwest Airlines RPMs rise 10pc in December 2002
- Mercury to build hangar, office complex in Charleston
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| JANUARY 6, 2003 |
- Legal against 4 EU members because of US customs deal
The US Customs Service is seeking 'urgent clarification' after the EC announced recently it would start infringement proceedings against France, the Netherlands, Germany and Belgium for effectively bypassing the commission and signing bilateral CSI agreements with the US.
- More cost cutting MOL
MOL has a plan to reduce costs by 30 billion yen, double the original three-year plan, MOL President Kunio Suzuki stated.
- Air cargo industry expects renewed expansion
After a turbulent 2001 where air cargo traffic fell nearly 6 percent, 2002 showed signs of recovery with 2 percent to 3 percent growth, spurred by strong traffic in Asian and domestic markets. Boeing is forecasting 3 percent growth in 2003 and 2004.
- NYK ordered to pay back taxes, penalties
NYK, Japan's largest shipping firm, paid 2.7 billion yen in back taxes and penalties after being caught using companies in foreign tax havens to avoid paying corporate income tax in Japan, sources said.
- December 2002 bad for KLM Cargo
In December 2002, cargo traffic of KLM was at the same level as last year. As capacity was 3 percent higher year-on-year, cargo load factor decreased to 68.9 percent, down 2.4 percentage points on last year.
- KLM down after warning
KLM shares dropped nearly 7 per cent on Monday, till 9.20 euro, as the Dutch flag carrier warned it was unlikely to achieve a full-year operating profit for the year ending March 2003.
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| JANUARY 7, 2003 |
- India tops in ship-breaking industry again
- Dubai to host world-class maritime event in February
- Plexconcil out African safari
- Developing nations exporting more hi-tech than West
- Vedprakash to inaugurate new super post-Panamax RMQC at JNPCT today
- Forex reserves: a record weekly rise of $ 1,073 million
- 15 projects to be showcased at GIM in Kochi
- Kerala cabinet to be projects approving authority
- Ginger, turmeric AEZ in Orissa soon
- Dahej LNG terminal project on course, says Naik
- Petrofed wants govt to abolish 5 pc duty on LNG
- Inflation rate inches up to 3.22 pc
- Forex reserves total $ 70.291 bn
- Customs duty relief for synthetic fibre/yarn industry mooted
- New order gives sweeping powers to Tea Board chief
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| JANUARY 6, 2003 |
- Vicky to be stabilised
- Novorossiysk still closed
- Tanker master sentenced for illegal slop discharge
- Defective welding on Prestige?
- New True Worth Index figures on-line
- US addresses tight crude supply by deferring SPR repayments
- Oil rally receding as Russia comes to the rescue
- Upside risk still high as crude prices ease from 2-year high
- OPEC prepares for production hike as price stays above target
- Petrobras bunker report now also including Bahia Blanca
- Rotterdam opens firm due to high barge/crude markets
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| JANUARY 6, 2003 |
- Thai appoints new board of directors
- Amsterdam goes «green»
- Fraport advice for Shanghai
- Thai declares a profit
- CNC Transports reports on 2002 activity
- New mandate for Rhenus
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| JANUARY 6, 2003 |
- Seaspan orders world's largest containerships
Canada's Seaspan Container Lines, in association with China Shipping, has ordered five containerships from Samsung that will be the world's largest , with a capacity of 8,100 TEU each.
- Dyer Ellis & Joseph merges with Blank Rome
Effective January 1, 2003, Philadelphia-based Blank Rome LLP, a law firm with more than 400 attorneys, combined with Washington, D.C.-based Dyer Ellis & Joseph P.C.
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| JANUARY 6, 2003 |
- Labor unrest in Venezuela has Maersk Sealand holding cargo
- Coast Guard says marine TV antennas may cause GPS systems to go haywire
- Port of Astoria holding meeting to discuss air service options
- Intermodal numbers lead US railroads to positive ground during 2002
- United Airlines cutting 1,500 jobs to bring costs in line with bankruptcy rules
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| JANUARY 7, 2003 |
- Jacobs forced out of NOL
NEPTUNE Orient Lines chief executive Flemming Jacobs was sacked from the loss-making Singapore group yesterday, with no successor appointed.
- Losses and P&O Nedlloyd deal flop sealed fate
FLEMMING Jacobs failed in the one deal that would have assured a very different end to his career, writes Janet Porter.
- UK prepares to outline Iraq charter details
THE UK’s armed forces are expected shortly to confirm details of the ships being chartered as part of the build-up for war on Iraq, perhaps as early as today, writes David Osler.
- Ivanhoe seeks Japanese partners for Qatar project
North America’s Ivanhoe Energy is seeking the equity participation of Japanese companies in the $5bn gas-to-liquids project the company is negotiating in Qatar.
- Brussels’ beady eye unlikely to stop Carnival’s Princess deal
EUROPEAN anti-trust regulators are to scrutinise Carnival’s proposed takeover of P&O Princess for a second time, but the cruise deal is expected to sail through unaltered, writes Tony Gray.
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| JANUARY 6, 2003 |
- Smit prepares for refloating
- Neptune Orient drops Jacobs
- Taiwan responds to box ranking
- Crew await fire verdict
- Kolkata re-opens dock and cuts cost
- Baltic to Med via Moscow on offer
- Three killed in Singapore collision
- Gadani breakers aim for recovery
- Cruise merger probe 'a formality'
- High winds hit Vancouver loading
- Now French clean up Prestige spill
- Wijsmuller starts Vicky pumping
- Gaz de France drops LNG option
- Struggling MOL to cut costs
- Korea to provide cash to owners
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| JANUARY 6, 2003 |
- Congestion still choking U.S. ports
Ports on both coasts are still digging out from the crush of cargo that continues to pile up four months after the West Coast shutdown ended.
- Jacobs out at Neptune Orient Lines
President and chief executive takes fall for tumbling stock price, weak results at parent of APL.
- KLM warns of full-year loss
Europe's fourth-largest carrier said cargo traffic weakened and warned it is unlikely to achieve a full-year operating profit.
- Tankers see Venezuela bonanza
- DHL sets rate hike
- Report: Charleston port adds billions to economy
- Three killed as P&O ship rams navy vessel
- Danzas names Hennecke to head sales
- INS wants vessel manifests
- NIT League sponsors security seminars
- American Tool Cos. chooses Exel
- Court denies Office of Homeland Security motion
- Malaysia port tops box forecast
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| JANUARY 6, 2003 |
- Canada pinpoints ports as weak 'terror' link
Government urged to research system to detect nuclear bombs in containers.
- Venezuela oil exports still a fifth of norm
Volumes stalled at 500,000 barrels per day as rebel PDVSA staff claim barge sinks.
- Suez dues survive intact
Fees for transiting the Suez canal frozen at 2002 levels.
- NOL dumps Jacobs
Board members to run Singapore liner giant as Flemming Jacobs given the push.
- Fesco plots forward course
Russian owner’s boss Yevgeny Ambrosov promises second-hand shopping spree this year.
- Newbuilding stranded off Channel Isles
Grounded cargoship becomes big attraction in Guernsey.
- Europe "to look again" at cruise merger
Carnival and P&O Princess tie-up could face more scrutiny following dual-listing announcement.
- Murmansk Shipping nets bigger profit
Russian tanker owner boosted figures in first three quarters last year.
- Investors mull Lithuanian buys
Baltic state encouraged by renewed interest in Lithuanian Shipping and Klaipeda Transport Fleet.
- Greece hands out six-month sentences for pollution
Master and chief engineer of Turkish tanker freed pending appeal relating to dumping incident in Med.
- Vicky salvage gets underway
Salvors plan to tow damaged vessel to Dunkirk or Rotterdam.
- Court rejects Prestige master appeal
Apostolous Mangouras set to remain in Spanish jail unless bail put up.
- NOL suspends shares
Singapore container, logistics and tanker operator set to make an announcement at 09:00GMT.
- P&O Nedlloyd boxship hits navy ship
Two Singapore navy sailors killed and two missing after a collision off the Malaysian coast.
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