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Shipping News

Singapore marine industry turnover down 11.5% last year
FIERCE external competition' from lower cost Chinese and Middle Eastern shipyards pushed Singapore's marine industry turnover down 11.5 per last year.
Cargo ship sinks in Malacca Straits
Banks must face oil spill liability, says ship manager

Air and Land Transport

IATA airlines post US$2.8b profit last year
WORLD airlines returned a small profit of US$2.8 billion on international services last year, well under 2 per cent of their overall revenues, the head of the industry's global body IATA reported yesterday.
Qantas says Virgin Blue may not last for long
Virgin signs A380 deal
Australia's Macquarie Bank to start 500m euro airport fund
EC gives green light to Lufthansa-BMI-SAS tie-up
Air France sees demand drop in Paris-Marseille route

Features

Fredriksen's new tanker baby already heavyweight
SHIPPING magnate John Fredriksen is Norway's richest man, his tanker company Frontline is the world's biggest, and now his week-old gas transport venture Golar LNG has already dwarfed all competitors.

web site

Shipping News

Singapore marine industry turnover down 11.5% last year
FIERCE external competition' from lower cost Chinese and Middle Eastern shipyards pushed Singapore's marine industry turnover down 11.5 per last year.
Cargo ship sinks in Malacca Straits
Banks must face oil spill liability, says ship manager

Air and Land Transport

IATA airlines post US$2.8b profit last year
WORLD airlines returned a small profit of US$2.8 billion on international services last year, well under 2 per cent of their overall revenues, the head of the industry's global body IATA reported yesterday.
Qantas says Virgin Blue may not last for long
Virgin signs A380 deal
Australia's Macquarie Bank to start 500m euro airport fund
EC gives green light to Lufthansa-BMI-SAS tie-up
Air France sees demand drop in Paris-Marseille route

Features

Fredriksen's new tanker baby already heavyweight
SHIPPING magnate John Fredriksen is Norway's richest man, his tanker company Frontline is the world's biggest, and now his week-old gas transport venture Golar LNG has already dwarfed all competitors.

web site

Shipping News

Singapore marine industry turnover down 11.5% last year
FIERCE external competition' from lower cost Chinese and Middle Eastern shipyards pushed Singapore's marine industry turnover down 11.5 per last year.
Cargo ship sinks in Malacca Straits
Banks must face oil spill liability, says ship manager

Air and Land Transport

IATA airlines post US$2.8b profit last year
WORLD airlines returned a small profit of US$2.8 billion on international services last year, well under 2 per cent of their overall revenues, the head of the industry's global body IATA reported yesterday.
Qantas says Virgin Blue may not last for long
Virgin signs A380 deal
Australia's Macquarie Bank to start 500m euro airport fund
EC gives green light to Lufthansa-BMI-SAS tie-up
Air France sees demand drop in Paris-Marseille route

Features

Fredriksen's new tanker baby already heavyweight
SHIPPING magnate John Fredriksen is Norway's richest man, his tanker company Frontline is the world's biggest, and now his week-old gas transport venture Golar LNG has already dwarfed all competitors.

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Ecu-Line boosts San Juan service Synchronet Marine launches web application Kenwood begins PTP operations Info exchange gets thumbs up Schenker partners with Air France Express Pegasus flying high on acquisitions

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MAY 28, 2001
Frankfurt airport cheaper to buy Cho Yang to leave Suez pendulum ECT Afternoon crew is on strike Increase in UK port traffic Cyprus to buy Olympic New Bettembourg - Milan shuttle from June 10

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40 Indian firms to participate in mega Cologne food fair Time ripe to export eco-friendly food, says Minister India contests Brazil's charge of jute 'dumping' Rice export prospects hit by Bangla ban Destination India: 50-strong business team in Germany CPT takes steps to boost cargo throughput MDLB merges with ChPT MbPT swings into action to salvage storm gate - Vessels to be moved out at high tide CWC's Bangalore CFS begins linkages to Chennai, Mumbai Concor's LCL cargo introduction proves boon for ICD-Whitefield Vajpayee, Maran allay fears on import surge Rubber prices climb to 31-month high CII plans 'summit' to facilitate investments to West Bengal AP giving priority to roads, ports development Forex reserves rise by $ 91 m Govt preparing blueprint for next stage of FDI reforms I-T Act in for sea change: Rev. Secy Forex reserves down by $ 44 million to $ 42,738 million Bangladesh, India ease visa norms O. P. Srivastava new CBDT chief Israel to help build Gujarat power plant CBEC revamp on cards Weakened cyclone closing in on Porbandar Lloyd's brings out buyer's guide to marine equipment

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Carnival puts Hapag Lloyd in sights US CRUISE giant Carnival looks poised for further expansion within the lucrative European cruise market following rumours of an impending swoop on German conglomerate Preussag's cruise division, wr... Cho Yang crisis deepens as line drops Europe service CHO Yang's desperate struggle to remain an inter-continental carrier has suffered two major setbacks, with the South Korean line finally ending its slot purchase arrangement with former United Alli... Sprinkler failure puts damper on Norway's trip Norwegian Cruise Line has been ordered to keep the veteran liner Norway in port because of problems with a sprinkler system. The Norway, which was scheduled to leave the port of Miami for a... 'Father of Containerisation' McLean dies LINER shipping pioneer Malcom P McLean, widely recognised as the 'Father of Containerisation', died on Friday from complications related to heart failure. He was 87. Although hi...

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UPS crée une division séparée pour l’expédition et l’agence en douane Quelques heures seulement après que les actionnaires de Fritz Companies (San Francisco) aient donné leur feu vert à l’acquisition de leur société par UPS, “Big Brown” a annoncé la création d’une toute nouvelle division séparée. Elle offrira des services de commissionnariat et d’agence en douane et intégrera non seulement Fritz, mais également les autres sociétés d’expédition acquises et existantes. La division aura un chiffre d’affaires initial de 750 mio. de USD (855 mio. d’EUR). Elle sera un élément-clé dans la stratégie à long terme d’UPS, et elle n’est pas sans évoquer les stratégies de Deutsche Post et de FedEx. Astra Logistics va construire un centre de distribution logistique européen à Gand Astra Logistics veut développer sensiblement ses installations au quai Wiedauw à Gand. La filiale logistique du groupe Ahlers envisage d’investir 350 millions de BEF dans la construction d’un magasin de 20.000 m2. Cette capacité supplémentaire devrait en premier lieu compenser la forte croissance des activités existantes. Le general manager Alfons De Jonghe espère pouvoir obtenir le plus vite possible les licences nécessaires et mettre en service le nouveau “centre de distribution logistique européen” au cours de l’année prochaine. Astra Logistics a en outre vendu ses activités en matière de distribution de produits forestiers et les activités d’agence annexes, qui sont exploitées sous le nom de “De Baerdemaecker”, au manutentionnaire gantois Stukwerkers. Kühne & Nagel reprend l’américain Usco Le groupe logistique suisse Kühne & Nagel a repris le logisticien américain Usco. Après la collaboration déjà conclue avec Semcorp Logistics, K&N peut à présent se targuer d’être un logisticien mondial. Son partenaire Semcorp Logistics a en outre conclu un accord de collaboration avec Goodpack, fabricant d’IBC (intermediate bulk containers).

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MAY 28, 2001
White smoke rises at Gard The new boss of the Norwegian P&I club is hotly tipped Swede Claes Isacson. Gard chief to play it cool No dramatic changes planned, new Gard chief Claes Isacson tells TradeWinds in his first interview. Indian owners call for improved fiscal climate Shipping companies in India want a better operating regime to help grow the domestic fleet. Skaugen confirms LPG newbuildings Norway's I M Skaugen is boosting its Chinese order for LPG tonnage on the back of predicted earnings improvements. Tanker sinks off Malaysia A small chemical ship sank after a collision with the Wallem-managed tanker Rowan in the Strait of Malacca. Carnival linked to Hapag-Lloyd Cruises The US cruise giant is reported to be considering a move for the German operator. Chinese breakers hit by plate price drop Just when demolition tax breaks come through for Chinese shipbreakers, domestic steel buyers' demand sinks. Shina makes it fifteen in a row Italian owners have exercised tanker options taking Korean yard's 37,000-dwt orderbook to 15 sisterships. Hutchison adds eight ports The ports giant is buying the overseas assets of Philippines operator ICTSI. Osprey to shift gas assets to Golar LNG Deal values six-ship LNG fleet at $635m and confirms Daewoo LNG orders. Nigeria boxship delays to cost shippers European containers lines are becoming increasingly frustrated by delays at Nigerian ports. Shipping legend Malcolm Maclean dies The man dubbed "the father of containerisation" has died in New York of heart failure aged 87. Norway held in US over safety fears The US Coast Guard has detained NCL's Norway in the port of Miami over concerns ship's safety. Actinor cancels Cho Yang charter parties Oslo-listed owner pulls plug on deal with troubled Korean liner company. US Army comes to the aid of FGH Troubled US shipbuilder has been awarded a contract from the US Army potentially worth $78m.