Tidewater announces $300 million newbuild program Tidewater Inc. announced yesterday that it is preparing to embark on a "modest" newbuilding program, estimated to cost in the range of $300 million.
Kværner makes an another provision for shipbuilding losses Kvaerner intends to make a NOK 750 million (about $94 million) provision in its year-end accounts, mainly related to the disposal of its shipbuilding activities.
TotalFina to lift clean-up cash TOTALFINA chairman Thierry Desmarest has promised to lift the group's spending on the aftermath of the Erika disaster to FFr700m ($108.5m) and indicated that it is ready to restrict its use of tankers over 20 years old.
G7 Summit US Treasury Secretary Larry Summers (right) talks to Federal Reserve Board chairman Alan Greenspan (centre) and German finance minister Hans Eichel prior to the G7 summit in Tokyo at the weekend. No consensus was reached on the next IMF head, but Germany hopes to win backing for her candidate.
Earnings plunge hits Global Marine hard A dramatic slowdown in worldwide drilling activity saw Global Marine post a sharp drop in net earnings last year, to $89.5m from $223.3m in 1998.
Costa hopes to raise passenger numbers COSTA Kreuzfahrten, the German subsidiary of Italian cruise operator Costa Crociere, believes that the number of German cruise passengers, as well as Costa's share in the market will grow during the next few years, writes Katrin Berkenkopf, Cologne.
Taca searches for new clients THE secretariat which runs the Trans-Atlantic Conference Agreement is seeking new clients.
Hanjin Amsterdam The largest German-financed containership Hanjin Amsterdam, 5,608 teu, which has been commissioned by the Putzbrunn-based Conti group, called at Hamburg at the end of her maiden voyage from the Far East via the US. She was built at Hanjin Heavy Industries as Conti Canberra for the German shipshare company and is chartered by Hanjin for five years.
ABC quashes talk of Bocimar pact ASSOCIATED Bulk Carriers has not agreed to a pooling arrangement with Bocimar, said ABC chief executive Karl Timmermann, quashing market talk of an alliance.
Grincor logistics deal could make it top dog SOUTH Africa's Grincor group has formed a joint venture logistics operation with one of the top European operators, P&O Trans European, in its ongoing drive to grab the top dog marine slot in the country, so recently vacated by the piecemeal sale of Safmarine last year.
The Baltic Sea remains Scandlines' home. Scandlines plans to take care of its existing operations but keep its flexibility, says Vogelfluglinie line manager John Steen-Mikkelsen.
Maritime
New World Alliance upgrades China-USA service. Customers of the New World Alliance will be offered shorter transit times in the Guam China Express service.
Lykes Lines switches from Port Everglades to Miami.
Norasia's Canada Express Service is being discontinued.
Cho Yang offers calls at the Japanese port of Nakanoseki.
G&C Lines service will be operated in future as Grimaldi Lines.
OOCL will offer twice weekly calls at Gdansk in Poland.
Barwil Agencies buys a majority share in D.A Knudsen.
X-Press Feeders has purchased the business of Sea Med Link.
Calendar of events: Container Handling Automation & Technologies.
Ports and Terminals
Los Angeles hit a record in 1999 with over 3.8 million TEU.
Cargo through St Petersburg increased by 31% last year.
16 African states have signed an MoU for port state control.
Calendar of events: E-commerce in Ports; Med Transpo 2000.
Aviation
Sodexi develops express. The introduction of Air France Cargo's new express system has lent more importance to its subsidiary.
An Atlas Air freighter flies for China Southern for the first time.
UPS will take delivery of seven A300 freighters this year.
Calendar of events: ATC 2000 conference in Maastricht.
Iata expects airfreight to grow by an average of 5.5% up to 2003.
Intermodal
Cesar is designed to bring combined transport operators together.
Calendar of events: Central & Eastern European Rail 2000.
The Baltic Sea remains Scandlines' home. Scandlines plans to take care of its existing operations but keep its flexibility, says Vogelfluglinie line manager John Steen-Mikkelsen.
Maritime
New World Alliance upgrades China-USA service. Customers of the New World Alliance will be offered shorter transit times in the Guam China Express service.
Lykes Lines switches from Port Everglades to Miami.
Norasia's Canada Express Service is being discontinued.
Cho Yang offers calls at the Japanese port of Nakanoseki.
G&C Lines service will be operated in future as Grimaldi Lines.
OOCL will offer twice weekly calls at Gdansk in Poland.
Barwil Agencies buys a majority share in D.A Knudsen.
X-Press Feeders has purchased the business of Sea Med Link.
Calendar of events: Container Handling Automation & Technologies.
Ports and Terminals
Los Angeles hit a record in 1999 with over 3.8 million TEU.
Cargo through St Petersburg increased by 31% last year.
16 African states have signed an MoU for port state control.
Calendar of events: E-commerce in Ports; Med Transpo 2000.
Aviation
Sodexi develops express. The introduction of Air France Cargo's new express system has lent more importance to its subsidiary.
An Atlas Air freighter flies for China Southern for the first time.
UPS will take delivery of seven A300 freighters this year.
Calendar of events: ATC 2000 conference in Maastricht.
Iata expects airfreight to grow by an average of 5.5% up to 2003.
Intermodal
Cesar is designed to bring combined transport operators together.
Calendar of events: Central & Eastern European Rail 2000.
The Baltic Sea remains Scandlines' home. Scandlines plans to take care of its existing operations but keep its flexibility, says Vogelfluglinie line manager John Steen-Mikkelsen.
Maritime
New World Alliance upgrades China-USA service. Customers of the New World Alliance will be offered shorter transit times in the Guam China Express service.
Lykes Lines switches from Port Everglades to Miami.
Norasia's Canada Express Service is being discontinued.
Cho Yang offers calls at the Japanese port of Nakanoseki.
G&C Lines service will be operated in future as Grimaldi Lines.
OOCL will offer twice weekly calls at Gdansk in Poland.
Barwil Agencies buys a majority share in D.A Knudsen.
X-Press Feeders has purchased the business of Sea Med Link.
Calendar of events: Container Handling Automation & Technologies.
Ports and Terminals
Los Angeles hit a record in 1999 with over 3.8 million TEU.
Cargo through St Petersburg increased by 31% last year.
16 African states have signed an MoU for port state control.
Calendar of events: E-commerce in Ports; Med Transpo 2000.
Aviation
Sodexi develops express. The introduction of Air France Cargo's new express system has lent more importance to its subsidiary.
An Atlas Air freighter flies for China Southern for the first time.
UPS will take delivery of seven A300 freighters this year.
Calendar of events: ATC 2000 conference in Maastricht.
Iata expects airfreight to grow by an average of 5.5% up to 2003.
Intermodal
Cesar is designed to bring combined transport operators together.
Calendar of events: Central & Eastern European Rail 2000.
The Baltic Sea remains Scandlines' home. Scandlines plans to take care of its existing operations but keep its flexibility, says Vogelfluglinie line manager John Steen-Mikkelsen.
Maritime
New World Alliance upgrades China-USA service. Customers of the New World Alliance will be offered shorter transit times in the Guam China Express service.
Lykes Lines switches from Port Everglades to Miami.
Norasia's Canada Express Service is being discontinued.
Cho Yang offers calls at the Japanese port of Nakanoseki.
G&C Lines service will be operated in future as Grimaldi Lines.
OOCL will offer twice weekly calls at Gdansk in Poland.
Barwil Agencies buys a majority share in D.A Knudsen.
X-Press Feeders has purchased the business of Sea Med Link.
Calendar of events: Container Handling Automation & Technologies.
Ports and Terminals
Los Angeles hit a record in 1999 with over 3.8 million TEU.
Cargo through St Petersburg increased by 31% last year.
16 African states have signed an MoU for port state control.
Calendar of events: E-commerce in Ports; Med Transpo 2000.
Aviation
Sodexi develops express. The introduction of Air France Cargo's new express system has lent more importance to its subsidiary.
An Atlas Air freighter flies for China Southern for the first time.
UPS will take delivery of seven A300 freighters this year.
Calendar of events: ATC 2000 conference in Maastricht.
Iata expects airfreight to grow by an average of 5.5% up to 2003.
Intermodal
Cesar is designed to bring combined transport operators together.
Calendar of events: Central & Eastern European Rail 2000.
The Baltic Sea remains Scandlines' home. Scandlines plans to take care of its existing operations but keep its flexibility, says Vogelfluglinie line manager John Steen-Mikkelsen.
Maritime
New World Alliance upgrades China-USA service. Customers of the New World Alliance will be offered shorter transit times in the Guam China Express service.
Lykes Lines switches from Port Everglades to Miami.
Norasia's Canada Express Service is being discontinued.
Cho Yang offers calls at the Japanese port of Nakanoseki.
G&C Lines service will be operated in future as Grimaldi Lines.
OOCL will offer twice weekly calls at Gdansk in Poland.
Barwil Agencies buys a majority share in D.A Knudsen.
X-Press Feeders has purchased the business of Sea Med Link.
Calendar of events: Container Handling Automation & Technologies.
Ports and Terminals
Los Angeles hit a record in 1999 with over 3.8 million TEU.
Cargo through St Petersburg increased by 31% last year.
16 African states have signed an MoU for port state control.
Calendar of events: E-commerce in Ports; Med Transpo 2000.
Aviation
Sodexi develops express. The introduction of Air France Cargo's new express system has lent more importance to its subsidiary.
An Atlas Air freighter flies for China Southern for the first time.
UPS will take delivery of seven A300 freighters this year.
Calendar of events: ATC 2000 conference in Maastricht.
Iata expects airfreight to grow by an average of 5.5% up to 2003.
Intermodal
Cesar is designed to bring combined transport operators together.
Calendar of events: Central & Eastern European Rail 2000.
Capesize dream team TWO OF THE GIANTS of Capesize shipping, Bocimar and Associated Bulk Carriers (abc), could be on the verge of establishing a new shipping colossus. Speculation is growing that the pair may join forces with a combined fleet of nearly 75 ships in a move that could have widespread repercussions for the dry bulk sector.
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