Shipbuilders fight ban on cruises to nowhere Allen Walker, President of the Shipbuilders Council of America was among those testifying yesterday at a hearing of the House Subcommittee on Coast Guard and Marine Transportation on legislation that seeks "to restore the effectiveness of State laws over gambling cruises-to-nowhere."
More red ink at Hvide Hvide Marine Incorporated reports a net loss of $23.7 million or $1.53 per diluted share for the quarter ended June 30, 1999. These results reflect a loss of $14.1 million or $0.91 per share on the sale of assets.
Halter and Friede Goldman release quarterly reports The merger between Halter Marine Group and Friede Goldman International is still a ways off. Meantime, both companies released quarterly reports on July 26.
Star plans world's longest cruiseships LEADING Asia Pacific cruiseline Star Cruises is to launch itself into the global big league with an ambitious newbuilding programme fuelled by record second quarter results.
Jacobs optimistic on profits JACOBS Holdings is expecting a strong profit improvement next year from its shipping division, which embraces Dart Line and Thames Europort.
Launch costs hit Jacobs profit figures HALF-year profits at shipping and transport group Jacobs Holdings were knocked sideways by higher than expected start-up costs associated with its new distribution business.
Asry reports increase in value of contracts FIRST half results from the Asry shipyard in Bahrain show a 29% increase in average repair contract values to $800,000 compared with $620,000 in 1998, although the number of contracts fell from 66 to 50.
New capesize orders for Sasebo ANANGEL-American Shipholdings and Bocimar, two prominent clients of London shipbroker Clarksons, have both ordered further capesize newbuildings from Japan's Sasebo Heavy Industries.
DBR warns of worse to come DEUTSCHE Binnenreederei, Germany's largest inland shipping company based in Berlin, is warning that it expects its financial situation to become even more difficult this year.
Adsteam moves on Holyman AFTER four months of speculation, Adsteam Marine has made a A$81.6m (US$53.8m) cash offer for fellow Australian ferry, shipping and agency group Holyman Marine.
Troops threat to striking truck drivers A make or break meeting between trucking unions and Brazil's transport minister was taking place yesterday afternoon in an attempt to diffuse a nationwide strike which has totally paralysed the country, writes Justin Stares.
Mergers are not hard, but integration is. Some mergers fail to deliver the promised synergies. What are the reasons for this?
Maritime
Lloyd Triestino will again be able to provide direct service to Chinese ports after a gap of twelve years.
CGM reduces transit times to major destinations in its ECSA Service.
SGAN launches a ro/ro service from South Europe to Tunisia.
Kien Hung offers direct calls at Yokohama in its Far East-South American west coast service.
NYK and TSK set up a joint intra-Asian feeder service.
Hamburg Sud orders four new boxships; its 1998 results depressed Oetker's figures.
The new Maersk-SeaLand will be the world's largest carrier, with over 200 vessels and 550,000 TEU.
Calendar of events: Reefer Box '99.
Ports and Terminals
HHLA of Hamburg has announced new technology for its new Altenwerder container handling facility.
P&O Ports has won the concession for Kandla container terminal.
In Vietnam, the Vung Tau box terminal project has been postponed, but VICT is growing.
Forwarding and Logistics
J.B. Hunt posts poorer results for its second quarter and first half.
USFreightways breaks one record after another.
Ryder hopes for better things in the next twelve months.
Robinson improves its results, thanks to its trucking activities.
CNF reports its best result ever, with Con-Way being the main earner.
Aviation
Rate increases from September. Rate increases, mostly of around 10%, have been announced by KLM, Air France, Swisscargo and Cargolux, following LH Cargo's example.
Emery Worldwide is encouraged by the revitalisation of its international markets, despite lower operating income in first half 1998. It has expanded its Gold Priority Express Service to cover Japan.
Panalpina continued to lead Europe's airfreight market in 1998.
Top ten Iata agents: Finland, Sweden and Belgium.
Calendar of events: 9th ACI World Conference; ACF 2000.
Mergers are not hard, but integration is. Some mergers fail to deliver the promised synergies. What are the reasons for this?
Maritime
Lloyd Triestino will again be able to provide direct service to Chinese ports after a gap of twelve years.
CGM reduces transit times to major destinations in its ECSA Service.
SGAN launches a ro/ro service from South Europe to Tunisia.
Kien Hung offers direct calls at Yokohama in its Far East-South American west coast service.
NYK and TSK set up a joint intra-Asian feeder service.
Hamburg Sud orders four new boxships; its 1998 results depressed Oetker's figures.
The new Maersk-SeaLand will be the world's largest carrier, with over 200 vessels and 550,000 TEU.
Calendar of events: Reefer Box '99.
Ports and Terminals
HHLA of Hamburg has announced new technology for its new Altenwerder container handling facility.
P&O Ports has won the concession for Kandla container terminal.
In Vietnam, the Vung Tau box terminal project has been postponed, but VICT is growing.
Forwarding and Logistics
J.B. Hunt posts poorer results for its second quarter and first half.
USFreightways breaks one record after another.
Ryder hopes for better things in the next twelve months.
Robinson improves its results, thanks to its trucking activities.
CNF reports its best result ever, with Con-Way being the main earner.
Aviation
Rate increases from September. Rate increases, mostly of around 10%, have been announced by KLM, Air France, Swisscargo and Cargolux, following LH Cargo's example.
Emery Worldwide is encouraged by the revitalisation of its international markets, despite lower operating income in first half 1998. It has expanded its Gold Priority Express Service to cover Japan.
Panalpina continued to lead Europe's airfreight market in 1998.
Top ten Iata agents: Finland, Sweden and Belgium.
Calendar of events: 9th ACI World Conference; ACF 2000.
Mergers are not hard, but integration is. Some mergers fail to deliver the promised synergies. What are the reasons for this?
Maritime
Lloyd Triestino will again be able to provide direct service to Chinese ports after a gap of twelve years.
CGM reduces transit times to major destinations in its ECSA Service.
SGAN launches a ro/ro service from South Europe to Tunisia.
Kien Hung offers direct calls at Yokohama in its Far East-South American west coast service.
NYK and TSK set up a joint intra-Asian feeder service.
Hamburg Sud orders four new boxships; its 1998 results depressed Oetker's figures.
The new Maersk-SeaLand will be the world's largest carrier, with over 200 vessels and 550,000 TEU.
Calendar of events: Reefer Box '99.
Ports and Terminals
HHLA of Hamburg has announced new technology for its new Altenwerder container handling facility.
P&O Ports has won the concession for Kandla container terminal.
In Vietnam, the Vung Tau box terminal project has been postponed, but VICT is growing.
Forwarding and Logistics
J.B. Hunt posts poorer results for its second quarter and first half.
USFreightways breaks one record after another.
Ryder hopes for better things in the next twelve months.
Robinson improves its results, thanks to its trucking activities.
CNF reports its best result ever, with Con-Way being the main earner.
Aviation
Rate increases from September. Rate increases, mostly of around 10%, have been announced by KLM, Air France, Swisscargo and Cargolux, following LH Cargo's example.
Emery Worldwide is encouraged by the revitalisation of its international markets, despite lower operating income in first half 1998. It has expanded its Gold Priority Express Service to cover Japan.
Panalpina continued to lead Europe's airfreight market in 1998.
Top ten Iata agents: Finland, Sweden and Belgium.
Calendar of events: 9th ACI World Conference; ACF 2000.
Mergers are not hard, but integration is. Some mergers fail to deliver the promised synergies. What are the reasons for this?
Maritime
Lloyd Triestino will again be able to provide direct service to Chinese ports after a gap of twelve years.
CGM reduces transit times to major destinations in its ECSA Service.
SGAN launches a ro/ro service from South Europe to Tunisia.
Kien Hung offers direct calls at Yokohama in its Far East-South American west coast service.
NYK and TSK set up a joint intra-Asian feeder service.
Hamburg Sud orders four new boxships; its 1998 results depressed Oetker's figures.
The new Maersk-SeaLand will be the world's largest carrier, with over 200 vessels and 550,000 TEU.
Calendar of events: Reefer Box '99.
Ports and Terminals
HHLA of Hamburg has announced new technology for its new Altenwerder container handling facility.
P&O Ports has won the concession for Kandla container terminal.
In Vietnam, the Vung Tau box terminal project has been postponed, but VICT is growing.
Forwarding and Logistics
J.B. Hunt posts poorer results for its second quarter and first half.
USFreightways breaks one record after another.
Ryder hopes for better things in the next twelve months.
Robinson improves its results, thanks to its trucking activities.
CNF reports its best result ever, with Con-Way being the main earner.
Aviation
Rate increases from September. Rate increases, mostly of around 10%, have been announced by KLM, Air France, Swisscargo and Cargolux, following LH Cargo's example.
Emery Worldwide is encouraged by the revitalisation of its international markets, despite lower operating income in first half 1998. It has expanded its Gold Priority Express Service to cover Japan.
Panalpina continued to lead Europe's airfreight market in 1998.
Top ten Iata agents: Finland, Sweden and Belgium.
Calendar of events: 9th ACI World Conference; ACF 2000.
Mergers are not hard, but integration is. Some mergers fail to deliver the promised synergies. What are the reasons for this?
Maritime
Lloyd Triestino will again be able to provide direct service to Chinese ports after a gap of twelve years.
CGM reduces transit times to major destinations in its ECSA Service.
SGAN launches a ro/ro service from South Europe to Tunisia.
Kien Hung offers direct calls at Yokohama in its Far East-South American west coast service.
NYK and TSK set up a joint intra-Asian feeder service.
Hamburg Sud orders four new boxships; its 1998 results depressed Oetker's figures.
The new Maersk-SeaLand will be the world's largest carrier, with over 200 vessels and 550,000 TEU.
Calendar of events: Reefer Box '99.
Ports and Terminals
HHLA of Hamburg has announced new technology for its new Altenwerder container handling facility.
P&O Ports has won the concession for Kandla container terminal.
In Vietnam, the Vung Tau box terminal project has been postponed, but VICT is growing.
Forwarding and Logistics
J.B. Hunt posts poorer results for its second quarter and first half.
USFreightways breaks one record after another.
Ryder hopes for better things in the next twelve months.
Robinson improves its results, thanks to its trucking activities.
CNF reports its best result ever, with Con-Way being the main earner.
Aviation
Rate increases from September. Rate increases, mostly of around 10%, have been announced by KLM, Air France, Swisscargo and Cargolux, following LH Cargo's example.
Emery Worldwide is encouraged by the revitalisation of its international markets, despite lower operating income in first half 1998. It has expanded its Gold Priority Express Service to cover Japan.
Panalpina continued to lead Europe's airfreight market in 1998.
Top ten Iata agents: Finland, Sweden and Belgium.
Calendar of events: 9th ACI World Conference; ACF 2000.
P&I war looms P&I CLUBS are facing a huge threat from a megabroker that is planning to prise oil majors out of the fold. The Chicago-based Aon group is tempting the majors with a scheme it claims will offer them huge savings on insurance premiums. It could leave independent owners facing higher charges.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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