Call for world ports to join hands to face competition Increasing market clout of shipping lines also makes sense for cooperation: Port of Hamburg official
New portal for surplus cargo space
AP Moeller '99 profit up 11% as Sea-Land boosts sales
Keppel Smit venture eyes bigger Philippine share
Air and Land Transport
Qantas willing to pay up to US$1b for Air NZ stake: CEO Aussie carrier also looking at buying into another airline for US$700m-US$1b
Boeing sees more jet sales in 2000
Nepal, India fail to agree on resuming Indian Airlines flights
Thousands march over sale of Rover
Kuwait Airways reports greater loss in FY98/99
Features
Port sale faces political storm Planned trade sale of South Australian Ports Corp has upset groups from grain growers to workers and farmers
Call for world ports to join hands to face competition Increasing market clout of shipping lines also makes sense for cooperation: Port of Hamburg official
New portal for surplus cargo space
AP Moeller '99 profit up 11% as Sea-Land boosts sales
Keppel Smit venture eyes bigger Philippine share
Air and Land Transport
Qantas willing to pay up to US$1b for Air NZ stake: CEO Aussie carrier also looking at buying into another airline for US$700m-US$1b
Boeing sees more jet sales in 2000
Nepal, India fail to agree on resuming Indian Airlines flights
Thousands march over sale of Rover
Kuwait Airways reports greater loss in FY98/99
Features
Port sale faces political storm Planned trade sale of South Australian Ports Corp has upset groups from grain growers to workers and farmers
Call for world ports to join hands to face competition Increasing market clout of shipping lines also makes sense for cooperation: Port of Hamburg official
New portal for surplus cargo space
AP Moeller '99 profit up 11% as Sea-Land boosts sales
Keppel Smit venture eyes bigger Philippine share
Air and Land Transport
Qantas willing to pay up to US$1b for Air NZ stake: CEO Aussie carrier also looking at buying into another airline for US$700m-US$1b
Boeing sees more jet sales in 2000
Nepal, India fail to agree on resuming Indian Airlines flights
Thousands march over sale of Rover
Kuwait Airways reports greater loss in FY98/99
Features
Port sale faces political storm Planned trade sale of South Australian Ports Corp has upset groups from grain growers to workers and farmers
Brazil joint venture by Friede Goldman Friede Goldman Offshore and Brazilian yard EISA intend to form a joint venture that will actively pursue offshore energy projects in Brazil and other parts of the world with Friede Goldman Offshore serving as prime contractor and EISA providing fabrication services.
Problems mount at Hvide Marine Jean Fitzgerald, Chairman and CEO of Hvide Marine Inc. has been hospitalized with a heart condition. The news follows an announcement by Hvide Marine that "due to adverse market conditions in its three principal businesses, it anticipates lower-than-projected earnings for the first quarter of 2000", and expected it would not be in compliance with certain covenants in its bank credit agreement as of March 31, 2000.
Liberia to hold inquiry into Martina casualty
ExxonMobil merger creates world's leading bunker supplier The merger of the marine fuels operationss of Exxon and Mobil has created a network of over 150 ports in sixty countries, through which more than 15 million tons of marine fuel are supplied annually.
P&O to float ABC as Shougang exits P&O has taken full control of Associated Bulk Carriers and is expected to pump around £100m ($160m) of fresh capital into the financially debilitated capesize operator ahead of an initial public offering later this year.
Silvio Berlusconi takes ferry route to the hustings NOT content with a traditional election bus, one of Italy's leading politicians has broken the campaign mould by going one step further and chartering a ferry, writes Giovanni Paci, Milan.
Bunker prices fear in ExxonMobil net THE ExxonMobil merger has given birth to the world's largest supplier of marine fuels - and caused fears of rising bunker prices.
JoC set to stop daily presses THE Journal of Commerce, the daily newspaper that has been a staple of America's life as a trading nation for 172 years, is to close in May, according to reliable sources in New York. They cited several years of plummeting advertising revenues and falling subscription levels as reasons for the decision.
Europeans back Korea yard deal A MAJORITY of EU member states support an agreement negotiated by the European Commission with the South Korean authorities to curb unfair shipyard practices in Korea.
Numast asks Sterling to intervene in P&O pay row NUMAST has appealed to P&O chairman Lord Sterling to intervene in the continuing pay row at P&O Ferries.
Intertanko warns of another Erika PRODUCT tankers represent a sector at high risk of repeating the Erika disaster, tanker owners group Intertanko has warned.
Embattled Hvide Marine faces fresh setback EMBATTLED Hvide Marine, which continues to struggle following its emergence in December from Chapter 11 bankruptcy court protection, has said that it was likely to fail to meet its bank covenants as of the end of March.
La navigation citernière belge s'apprête à mener des actions Aussi incroyable que cela puisse paraître, le secteur de la navigation citernière belge ne parvient pas à obtenir une surcharge de soute alors que les prix de fuel ont augmenté dans des proportions considérables. C'est d'autant plus incroyable que dans les autres secteurs du transport fluvial, une telle surcharge est obtenue, car incluse dans les contrats. Sur le marché spot, elle est incluse dans le fret. Ceci étant, le pourcentage de ladite surcharge dépend de la distance par rapport au fret. Dans le cas de contrats de 3, 6 mois ou un an, les commissionnaires de transport prévoient une clause de gazoil. Quoi qu'il en soit, dans le secteur de la navigation citernière c'est le blocage, les affréteurs ne veulent rien entendre, ceci alors que les principaux chargeurs, en d'autres termes, des compagnies pétrolières, sont parfaitement au fait de cette augmentation des prix du fuel.
Royaume-Uni: des mesures plus sévères pour contrer l'immigration clandestine Une nouvelle réglementation est entrée en vigueur hier lundi au Royaume-Uni, rendant encore plus sévères les sanctions à l'égard des transporteurs ayant des immigrés illégaux à bord de leurs véhicules. Une amende de pas moins de 2.000 GBP (135.000 BEF) par personne découverte sera imposée, et le véhicule sera le cas échéant saisi. Le gouvernement britannique veut être sûr que les chauffeurs inspecteront mieux leur véhicule avant de monter à bord du ferry ou de la navette Eurotunnel.
La CPF retrouve un second souffle Après des mois de tergiversations, qui laissaient supposer que la Commission portuaire flamande était définitivement mise en veilleuse, un accord a finalement pu être réalisé en ce qui concerne la répartition des sièges au conseil, grand sujet de discorde. Ledit conseil a ainsi vu sa composition modifiée, Anvers ayant obtenu gain de cause puisque sa représentation passe de deux à 5 mandats. Par la même occasion, la CPF retrouve un second souffle.
LD Cotton International gère une partie de son trafic de coton à partir d'Anvers Le groupe Louis Dreyfus se concentre principalement sur la production et le commerce de produits agricoles comme le riz, le café et les céréales. Dans le secteur du coton, les activités commerciales du groupe sont en partie dirigées à partir d'Anvers, où est établi le siège de la filiale spécialisée Louis Dreyfus Cotton International, qui est née de la reprise du groupe Bunge par LD il y a environ huit ans. L'entreprise est active sur un marché marqué par des évolutions et fluctuations constantes.
If other railroad executives had their druthers, Dakota, Minnesota & Eastern Railroad President Kevin Schieffer would be sentenced to hard labor in a re-education camp for expressing the heretic notion that railroads should compete more with each other. "The customer is not the enemy," said Schieffer, who envisions linking his 1,121-mile regional railroad with other regionals and shortlines to create effective new competition for Burlington Northern Santa Fe and the Union Pacific in the West.
To build or not to build - inland waterways projects, that is - is the question that's turned into a battle involving barge operators, the Army Corps of Engineers and environmentalists. Hanging in the balance are $2 billion worth of improvements to a dozen navigation locks on the upper Mississippi and Illinois rivers intended to speed the passage of barge tows and reduce congestion. But a controversial study by the Corps concludes that even with the possibility of barge tonnage doubling over the next 50 years, improvements may not be justified.
Red lights to trade could be turning green in key foreign markets, opening up new routes for importers and exporters. The changes signal not only increased trade volumes but shifts in global and regional trading patterns as well. With a combined population of more than 2 billion people, China and India alone could provide the pulling power needed to sustain recent growth rates in global trade. Congressional researchers project that granting China permanent normal trade relations status would generate $13 billion worth of U.S. exports in five years. Agricultural exports would increase by an estimated $2 billion a year.
Shippers are breathing fire over a move by the National Classification Committee that they claim could double and perhaps triple the cost of shipping a wide variety of commodities generally labeled as "poisonous materials." The NCC is considering a proposal, approved by an NCC panel Feb. 7, that would change the classification of some poisonous commodities from their current level in Classes 55 to 125 to Classes 200 to 300. In an analysis of the proposal, the NCC said the class changes are needed to take into account the hazardous nature of the products, co-loading restrictions and segregation requirements for poisons, and motor carriers' stowing, handling and liability concerns.
Considering the nature of the crimes it admitted to, some observers believe Fine Air Services walked away from a 28-month criminal investigation virtually unscathed. Under a plea agreement with the U.S. Attorney's Office in Miami, Fine Air and its joint venture partner must pay a $5 million fine and suffer four years of court probation. Fine also has to implement a new safety program and hire an independent auditor to monitor it. The FAA and DOT are holding up the plea agreement as a great example of interagency cooperation. Others are wondering why the company got off so easily.
The important role ocean shipping can play in the global economy highlights the "desperate need" for additional reform of liner conferences and the end of their unique price-fixing privileges, according to the head of the European Shippers Council. "Since the late 1970s ... liner conferences have been constant thorns in the sides of shippers," the ESC's Chris Welch told the Containerization International Third Annual Conference in London. "They have habitually and regularly disrupted the normal function of the market, caused serious damage to customer-supplier relationships and, in a number of cases, have eliminated effective competition and abused their dominant position in the market." According to Welch, recent helpful reforms of ocean shipping have occurred because of concerted action by shippers around the world.
Norfolk Southern, CSX and Union Pacific Railroad have all implemented - or soon will - incentive programs aimed at expediting shipments of finished vehicles from auto ramps to car dealerships. There are both penalty-based and reward-based incentives, depending on the railroad. And there are mixed feelings among the auto manufacturers as to how much they should be responsible for cars that tend to sit at railheads. Who will be responsible for paying any penalties - the manufacturers or the haulaway carriers - remains at issue.
IBM and Qwest announced a $5 billion initiative. Qwest has selected IBM Global Services to build and provide operational support for 28 new Internet data centers, called Qwest CyberCenters. Revenue from the centers, expected to be over $5 billion, will be split almost equally between the two companies. IBM also announced an alliance with CommerceQuest to create five electronic-marketplaces, with plans to deliver 60 more by the end of the year. On the supply-chain front, IBM unveiled several initiatives geared toward small to midsize companies at its annual Supply Chain Management conference in Las Vegas.
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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