Piracy may undermine Asia's development [KUALA LUMPUR] Rampant piracy in Asian waters -- often organised by international syndicates -- could undermine the region's economic development, an expert warned yesterday.
Cruise centre teams up with lines to hold carnival
Malaysian cargo ship freed from reef
Chinese ship sinks in Pearl River; collision in English Channel
Air and Land Transport
FedEx pays US$950m for American Freightways [MEMPHIS, Tennessee] FedEx Corp, the world's largest air express shipper, said it would buy heavy-cargo trucker American Freightways Corp for about US$950 million (S$1.66 billion) in cash and stock, expanding its push into regional freight delivery markets.
Delta CEO sees changes in UA, US Airways deal
PAL to resume flights to Jakarta
GM to offer drivers traffic data next year
Privatisation of Air India can be done by end-March
Features
Europe sets uniform rules AFTER years of wrangling, at a final nine-day meeting Europe's inland shipping countries have signed a draft document to place European inland water transport on a uniform legal basis. The definitive text is to be signed next April.
Piracy may undermine Asia's development [KUALA LUMPUR] Rampant piracy in Asian waters -- often organised by international syndicates -- could undermine the region's economic development, an expert warned yesterday.
Cruise centre teams up with lines to hold carnival
Malaysian cargo ship freed from reef
Chinese ship sinks in Pearl River; collision in English Channel
Air and Land Transport
FedEx pays US$950m for American Freightways [MEMPHIS, Tennessee] FedEx Corp, the world's largest air express shipper, said it would buy heavy-cargo trucker American Freightways Corp for about US$950 million (S$1.66 billion) in cash and stock, expanding its push into regional freight delivery markets.
Delta CEO sees changes in UA, US Airways deal
PAL to resume flights to Jakarta
GM to offer drivers traffic data next year
Privatisation of Air India can be done by end-March
Features
Europe sets uniform rules AFTER years of wrangling, at a final nine-day meeting Europe's inland shipping countries have signed a draft document to place European inland water transport on a uniform legal basis. The definitive text is to be signed next April.
Piracy may undermine Asia's development [KUALA LUMPUR] Rampant piracy in Asian waters -- often organised by international syndicates -- could undermine the region's economic development, an expert warned yesterday.
Cruise centre teams up with lines to hold carnival
Malaysian cargo ship freed from reef
Chinese ship sinks in Pearl River; collision in English Channel
Air and Land Transport
FedEx pays US$950m for American Freightways [MEMPHIS, Tennessee] FedEx Corp, the world's largest air express shipper, said it would buy heavy-cargo trucker American Freightways Corp for about US$950 million (S$1.66 billion) in cash and stock, expanding its push into regional freight delivery markets.
Delta CEO sees changes in UA, US Airways deal
PAL to resume flights to Jakarta
GM to offer drivers traffic data next year
Privatisation of Air India can be done by end-March
Features
Europe sets uniform rules AFTER years of wrangling, at a final nine-day meeting Europe's inland shipping countries have signed a draft document to place European inland water transport on a uniform legal basis. The definitive text is to be signed next April.
APL quits Galex service The carrier resigned from the new Gulf Asia Line Express service after less than five months as a member line. APL's participation in the service with CMA-CGM, Contship and Samudera had allowed it to substantially reduce transit times on the U.S./Indian subcontinent/Mideast service.
Matson replaces West Coast water service with intermodal rail The line teamed up with Burlington Northern Santa Fe Rwy. to offer rail service between Los Angeles and Seattle.
Beaujolais Nouveau hits markets Thursday thanks to global air carriers
BA sends cargo manager for Americas back to London; Giblin named interim replacement
Sea Containers reports mixed results
RailAmerica earnings flat for 3Q
Port of S. Louisiana selects operators for expanded Globalplex terminal
Hvide Marine reports lower earnings
FedEx to open warehouse in Mexico's Monterrey airport
Hvide turnaround continues Hvide Marine Inc. today reported a net loss of $3.1 million or $0.31 per diluted share for the quarter ended September 30, 2000, versus a net loss of $20.1 million or $1.29 per diluted share for the year-earlier period.
FGH still reporting losses, but "now at optimum size" Announcing third-quarter 2000 results for the period ending September 30, 2000, Friede Goldman Halter, Inc. reported a net loss of $9.4 million.
Norwegian backing for Gulf unionization push A campaign to unionize maritime workers in the U.S. Gulf of Mexico has won support from a large and influential European labor organization.
New CEO for Stolt-Nielsen Stolt-Nielsen S.A. has appointed Niels G. Stolt-Nielsen (35) as CEO effective December 1.
More Indonesian pirates The Maritime Security Council is alerting members to a Malaysian newspaper report saying that Malaysian marine police are combating a new group of Indonesian pirates.
Tugs pull the Malaysian containership Bunga Teratai Satu from Australia's Great Barrier Reef Tugs pull the Malaysian containership Bunga Teratai Satu from Australia's Great Barrier Reef yesterday after she grounded there 12 days ago while carrying chemicals.
Emissions cut to cost $3bn a year EUROPEAN Shipping faces a $3bn per annum emissions reduction bill under measures to be drawn up next year by the European Commission.
Vosper shares hit by navy project fears SHARES in Vosper Thornycroft took a tumble yesterday after the group's half-year results were accompanied by downbeat remarks on prospects for its naval shipbuilding division and a repeated warning about redundancies.
Battered peso propels ICTSI profits down BATTERED by the effects of a depreciating Philippines peso, International Container Terminal Services, Inc reported an 86% decline in its consolidated net income for the first nine months of the year from Peso406m, ($8.12m) in 1999 to only Peso59.4m.
UK hints at ban on unsafe ships BRITAIN may push for an international ban on vessels flying flags with poor safety records entering major ports, shipping minister Keith Hill hinted yesterday.
Hapag-Lloyd has redesigned its company flag Hapag-Lloyd has redesigned its company flag. The new design will soon be flying on all of the group's container and cruiseships, writes Sabina Casagrande, Cologne. The house colours will adorn the headquarters in Hamburg, as well as fly on or in front of many subsidiaries worldwide.
No newbuilding boom after Erika The Erika catastrophe is unlikely to prompt oil companies to rush into major newbuilding programmes in an attempt to tighten control of their shipping operations, according to a leading New York tanker broker.
Malaysia rejects anti-piracy plan MALAYSIA has rejected the idea of joint anti-piracy patrols with Japan as officials from 15 countries meet in Kuala Lumpur to discuss combating pirate attacks in southeast Asia, writes Marcus Hand, Singapore.
CMB attend un bénéfice net consolidé de 5,24 mia. de BEF en 2000 Pour le groupe de transport belge CMB, l’exercice 2000 sera l’occasion de présenter un résultat final record. Les performances réalisées dans le secteur des vracs étant particulièrement bonnes, la direction a révisé ses pronostics à la hausse par rapport au résultat semestriel dernier et ce au vu des résultats de la période juillet/octobre. Le groupe table ainsi sur un résultat final net consolidé de 130 mio. d’EUR (entre 16 et 17 EUR par action), soit 5,24 mia de BEF.
FedEx va acquérir American Freightways Le groupe FedEx Corp va acquérir le transporteur American Freightways (AF), basé à Harrisson, Arkansas et spécialisé dans le LTL (less-than-truckload) régional, pour une somme de 1,2 mia de USD (dont 250 mio. de USD de reprise de dettes). De la sorte, FedEx acquiert un réseau dans l’est, le centre et de sud des Etats-Unis, qui complète celui de Viking (basé à San José, Californie, qui appartient depuis 1997 au transporteur express). L’objectif est de créer un réseau axé sur le LTL régional mais offrant également des services de LTL national. Les chargeurs faisant transporter des quantités de plus en plus faibles à la fois, ces marchés devraient croître de 10% par an aux Etats-Unis. Le rachat d’AF devrait accélérer le mouvement de concentration dans ce secteur. Consolidated Freightways et USFreightways se trouveraient d’ailleurs dans le colimateur d’UPS.
Moerdijk à la recherche de collaborations sur le marché international “Les ports ont besoin de réseaux pour avoir une emprise sur les flux de marchandises. C’est dans ce cadre que nous cherchons une implication directe auprès d’autres ports sur le plan national comme à l’étranger. Nous nous sommes ainsi alliés à Dordrecht pour rendre ce port sain et attirant, mais cela aurait très bien pu être un partenaire finlandais. Ce sera d’ailleurs le cas dans l’avenir. Les négociations avec les autorités à Kokkola sont pratiquement terminées et nous allons poursuivre notre travail à la République Dominicaine et à Cuba”. C’est ce que déclare Nico Van der Pool, directeur général de la communauté industrielle et portuaire Moerdijk, au sujet de l’approche du marché de ce gestionnaire portuaire néerlandais.
Offshore income lifts Hvide Marine The US offshore and tanker operator's turnaround continues, but it has still reported a loss for the third quarter.
Owners stack up LNG newbuilding options Although some shipowners are upfront about their optional gas carrier newbuildings, others have been trying to keep them under wraps.
CMS courts LNG tonnage US-based CMS Energy says it has been "scrambling" to secure LNG tonnage over the last year to fulfill its spot cargo requirements.
Swan Reefer warns of $90m debt gap The ugly duckling of the Norwegian shipping market has postponed announcement of its results because of serious financial troubles.
Christmas comes early for CMB CMB chief Marc Saverys is expecting an earnings surge in the second half of the year, as VLCCs rake in the cash and the company pockets a tidy profit from its Wah Kwong share sale.
Torm orders in Korea The Danish shipping company is in confident mood under new chief, Klaus Kjaerulff, ordering two new vessels and hiking its profit forecast.
MC Shipping creeps back into the black Monaco shipowner MC Shipping has made a small profit in the third quarter, but is still running hefty losses for the year because of paper losses on ship sales.
Borgestad shareholders pulling in different directions Northern Navigation will again try to convince Norwegian shipowner Borgestad to sell its fleet, but majority shareholder Christen Knudsen insisted it was not for sale.
ISC makes wafer-thin profit US shipowner International Shipholding Corporation boosted its gross voyage earnings in the first nine months, but net income was negligible.
Odfjell tanker in Pearl River collision Hong Kong is on pollution alert after a small Chinese ship was sunk spilling over 30 tonnes of crude oil.
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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