Asia regional air freight carriers face tight capacity, backlogs Strong export demand from Asian centers such as Korea, Taiwan and Thailand is pressuring air freight capacities, and creating backlogs for key intra-regional carriers.
CSX Lines, Matson boost West Coast-Hawaii services CSX Lines is introducing a midweek departure from Long Beach to Honolulu, while Matson Navigation is adding an eighth vessel to its Hawaii service.
Senate sends tariff bill back to conference committee
Polar Air Cargo Acquires First Boeing 747-400F
EGL puts Circle's San Francisco headquarters on block
Korean carriers eye new Russian route for U.S. cargo
Pakistan International Airlines imposes currency cargo surcharge
CSX Lines adds a second weekly sailing to Puerto Rico
TMM pays $149 million debt
Canmar restructures management in North America
Polar Tankers orders ship for Alaska-West Coast-Hawaii trade
Frontline completes Golden Ocean acquisition Frontline has completed the acquisition of the Golden Ocean Group.
OMI not pursuing private placement OMI Corporation says that market reports that it was seeking to raise equity in a private placement were correct but that it had ceased the effort
Canadian shipbuilding jobs could more than double A KPMG study indicates that over 7,000 new jobs could be created, many of them in job-starved Atlantic Canada and Quebec, if the Canadian Parliament passes Bloc MP Anton Dube's Private Member's Bill C-213
Canadian premiers stage maritime policy meeting The Premiers of Canada's Atlantic provinces will be sponsoring a national forum "Charting a Course: Towards a Canadian Marine Industrial Policy" in St. John's on October 19 and 20
Agreement in BIW dispute Bath Iron Works and its largest union reportedly reached a tentative agreement Friday
Nordic finance giant is born THE Norwegian government's decision to accept Stockholm-based MeritaNordbanken's upgraded NKr27bn ($2.9bn) takeover offer for Christiania Bank portends the birth of a pan-Nordic ship finance giant, with total lending of about $8bn.
Deal to join Texaco and Chevron finally done CHEVRON and Texaco, two of the largest US oil companies, have agreed a merger that will create a group with a market capitalisation of more than $80bn, it was disclosed yesterday.
Nine-month gusher lifts Hydro NORSK Hydro, the biggest listed enterprise on the Oslo bourse, says it remains exceedingly conservative about the long-term oil price outlook, despite the bumper nine-month financials it unveiled yesterday.
Enhanced roles for key Miller players TWO of the top players in shipping industry protection and indemnity are to take on enhanced roles at Thomas Miller, the leading manager of mutuals.
Chevron Texaco merger is greeted with aplomb Chevron and Texaco was a merger waiting to happen.
ITF claims successes as Pacific push starts THE International Transport Workers' Federation 2000 Asia Pacific week of action against flag of convenience shipping kicked off yesterday, with claims that affiliates have already been successful in securing payment of overdue wages in at least one instance.
Kandla U-turn on P&O Ports box terminal deal ONLY a few months after issuing a letter of intent to P&O Ports Australia for developing a new Rs3bn ($65.2m) container terminal at Kandla port, the board of trustees of the Kandla Port Trust has rejected the offer.
DUTCH salvors Smit-Tak will try to salvage the Electron DUTCH salvors Smit-Tak will try to salvage the Electron (pictured) aground on rocks on the Scottish island of St Kilda under a Lloyd's Open Form agreement, writes Jack Gaston.
Ferryways va faire d’Ostende un port à containers Dans le courant de l’année prochaine, l’armement Ferryways, qui assure depuis le mois de février dernier un service roulier entre son terminal ostendais et Ipswich à raison de deux départs par jour dans chaque sens va, compte tenu de la forte progression des containers, containers-citernes et containers routiers, lancer un service parallèle intégralement containérisé, qui aura également une fonction de feeder. Cette évolution aura pour effet de faire également d’Ostende un port à containers, ce qui aura fatalement des implications en matière de dessertes terrestres.
G&G International attend avec impatience son nouveau quai de transbordement “Le nouveau quai de chargement en voie de construction sera un outil indispensable pour répondre aux développements dans le transport de pièces lourdes et indivisibles”. C’est ce que nous a déclaré Patrick Melis, le plant manager de G&G International (Willebroek). L’entreprise, une filiale du groupe Geldof de Harelbeke, est spécialisée dans la construction de fûts pressurisés, de citernes d’entreposage, de sphères et de containers-citerne.
La logistique reste le talon d’Achille de l’e-commerce B2C Alors qu’il n’y a même pas un an, le monde entier annonçait que le commerce du XXIe siècle serait “très certainement” dominé par internet et le commerce électronique, reléguant le commerce traditionnel aux oubliettes, on en revient aujourd’hui à des positions plus réalistes. En effet, il s’est confirmé que la complexité - et le coût - de la logistique est une entrave au développement du commerce électronique. Deux faits récents illustrent bien ce qui précède: le magasin virtuel new-yorkais Urbanfetch, qui s’était fixé pour ambition de livrer ses marchandises en moins d’une heure a dû fermer ses portes; et le Post Office britannique va utiliser son réseau de bureaux de poste pour permettre aux clients des magasins virtuels d’aller chercher leurs achats, plutôt que de les leur livrer à la maison.
P&O Ports poursuit la mise en place d’un réseau mondial de terminaux à containers Après Rotterdam dans le cadre d’une joint-venture avec ECT, après Anvers-rive gauche en joint-venture avec P&ONL et le port de Duisbourg, P&O Ports poursuit inlassablement sa stratégie d’implantation d’un réseau mondial de terminaux à containers. Ainsi qu’évoqué précédemment dans ces colonnes, P&O Ports est à la veille de signer un accord portant sur la reprise de la concession d’un terminal à Port Newark, le plus grand terminal du port de New York, ce qui va impliquer un invesrtissement de 650 mio. de dollars.
Angelicoussis up for more tankers Kristen Navigation is in discussions for further aframax tanker newbuildings.
Market mulls Chevron-Texaco merger Shipping players are speculating on how the two oil giants will arrange their operations in the wake of the merger.
UK Club manager reorganises Thomas Miller the biggest of the marine insurance club managers is to be led by a new management team.
Pan-United group MD to stand down Management reshuffle at Singapore marine and construction company.
Pan Ocean investor wanted Korea's largest dry bulk shipping company is seeking help with finding a buyer for some of its stock.
US Attorney seeks Carnival documents Carnival Cruise Lines is responding to a subpoena seeking information on environmental matters, but the company is unsure of the reasons behind the move.
Frontline in $38m deal with Golden Ocean creditors The John Fredriksen controlled tanker company has done a cash and shares settlement with unsecured creditors of the bankrupt Golden Ocean Group.
NYK bumps up VLCC fleet Japanese owner Nippon Yusen Kaisha is speeding up its replacement of single hulled VLCCs.
OMI axes fundraising plans US tanker owner OMI has quashed market talk about fundraising by confirming it and then announcing a change in strategy.
P&O closes in on US terminal The UK company is lining up a 30-year deal for a container terminal in New Jersey, while P&O Nedlloyd has confirmed it will develop South African terminal.
Cosco Pacific interim profits fall flat The container-leasing and terminal-operator saw net profits show a modest increase despite a boom in China's foreign trade.
No danger of leaks from grounded tanker Two barges were due to begin taking 6,000 tonnes of crude from the Knock Dun, which ran aground on a sandbank off Antigua, so that the ship can be refloated.
Crewman dead after Greek cargoship founders One seafarer died when the ro-ro vessel Ytong I listed heavily in choppy seas off Samothrace in the northern Aegean.
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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