Japan yards report record orders for quarter THE seven main yards in Japan - the world's second-largest shipbuilder after South Korea - have reported orders in the first fiscal quarter higher than at any corresponding time since 1996.
Shenzhen emerges as hub for sea trade
Ships meet protest flotilla in Tasman Sea
Two ships distressed in high seas off S. Africa
Air and Land Transport
US airlines cut fares up to 40% in panic mode AMERICAN Airlines, United Airlines and other major US carriers slashed fares as much as 40 per cent to lure travellers, a move that may add to industry losses that exceeded US$1.4 billion in the second quarter.
Japan yards report record orders for quarter THE seven main yards in Japan - the world's second-largest shipbuilder after South Korea - have reported orders in the first fiscal quarter higher than at any corresponding time since 1996.
Shenzhen emerges as hub for sea trade
Ships meet protest flotilla in Tasman Sea
Two ships distressed in high seas off S. Africa
Air and Land Transport
US airlines cut fares up to 40% in panic mode AMERICAN Airlines, United Airlines and other major US carriers slashed fares as much as 40 per cent to lure travellers, a move that may add to industry losses that exceeded US$1.4 billion in the second quarter.
Positive trend DaimlerChrysler In the second quarter of 2002, DaimlerChrysler said it continued the positive trend of the first quarter, despite the generally difficult market conditions.
Good result Southwest The strength of low-cost airlines during the slowdown, was underlined as Southwest Airlines reported a $102 million second quarter 2002 profit, in contrast to bigger US rivals, such as American, which have reported heavy losses this week.
Loss for result Northwest Northwest Airlines Corp reported a second quarter net loss of $93 million or $1.08 per common share.
Danzas' names US security director Danzas named Arthur G. Arway to the post of Security Director, Americas and will be based at the North American headquarters in Newark, NJ.
Laccona from EGL to Italian forwarder EGL's coo Giorgio Laccona has left EGL Inc. to become president of Italian-based forwarder Savino Del Bene USA Inc. Laccona (44), joined EGL in December 2000 as chief operating officer-international, but said he left the company on July 6 because his family did not want to move to Houston, where EGL is based.
Lightning sparks Escravos blaze A huge fire that broke out at ChevronTexaco's main export terminal in Nigeria on Saturday was under control yesterday.
Owners and shippers unite against Panama transit toll hike Shipowners and exporters from South America have slammed plans to raise Panama Canal tolls by up to 16% at a time when global economic recovery is in doubt and freight rates are languishing at loss-making levels.
Optimism over $1bn LNG deal lifts Samsung share price An injection of "gas" has lifted Samsung Heavy Industries' share price last week, writes Tony Gray.
Cosco and Evergreen in union battle THE US divisions of Cosco and Evergreen are battling an aggressive unionisation drive by the International Longshoremen's Association AFL-CIO, the trade union that represents dockers along the US east coast, Great Lakes and Canada.
Talks resume for West Coast labor, employers ahead of ILWU meeting But it's unlikely the International Longshore and Warehouse Union will have a contract proposal in hand when it convenes a caucus in San Francisco on Monday.
United parent has $392M loss Capping a week of dismal earnings reports from the nation's airlines, UAL Corp. said it lost $392 million, or $6.99 per share, in the second quarter.
Laccona quits EGL Giorgio Laccona is named president of Italian-based forwarder Savino Del Bene USA Inc.
Record orders for Japan shipyards as Korea slumps
Matson reduces Sea Star stake
Profits off, USFreightways will sell forwarding unit
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