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Flemming Jacobs a victim of circumstances, say some
A mix of trading conditions and official displeasure is the likely reason behind the surprise ouster on Monday of Neptune Orient Lines boss Flemming Jacobs, according to a startled shipping community.
M'sian ports seek RM4b investment to expand capacity
W Coast dockers vote on contract

Air and Land Transport

Global airline losses hit US$13b last year: Iata
THE global airline industry suffered a US$13 billion loss in 2002, the second straight year of staggering losses as costs for tighter airport security and war insurance took their toll, an International Air Transport Association official said on Monday.
Boeing meets aircraft delivery goal
BA expects decline in full-year revenues
United Airlines cuts business fares from 2 hubs
Varig ordered to restate earnings
Schiphol sees rebound in number of flights

Features

S African port a victim of its own success
DURBAN, Africa's busiest port, has become the victim of its own success since the abolition of apartheid in 1994.

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Shipping News

Flemming Jacobs a victim of circumstances, say some
A mix of trading conditions and official displeasure is the likely reason behind the surprise ouster on Monday of Neptune Orient Lines boss Flemming Jacobs, according to a startled shipping community.
M'sian ports seek RM4b investment to expand capacity
W Coast dockers vote on contract

Air and Land Transport

Global airline losses hit US$13b last year: Iata
THE global airline industry suffered a US$13 billion loss in 2002, the second straight year of staggering losses as costs for tighter airport security and war insurance took their toll, an International Air Transport Association official said on Monday.
Boeing meets aircraft delivery goal
BA expects decline in full-year revenues
United Airlines cuts business fares from 2 hubs
Varig ordered to restate earnings
Schiphol sees rebound in number of flights

Features

S African port a victim of its own success
DURBAN, Africa's busiest port, has become the victim of its own success since the abolition of apartheid in 1994.

web site

Shipping News

Flemming Jacobs a victim of circumstances, say some
A mix of trading conditions and official displeasure is the likely reason behind the surprise ouster on Monday of Neptune Orient Lines boss Flemming Jacobs, according to a startled shipping community.
M'sian ports seek RM4b investment to expand capacity
W Coast dockers vote on contract

Air and Land Transport

Global airline losses hit US$13b last year: Iata
THE global airline industry suffered a US$13 billion loss in 2002, the second straight year of staggering losses as costs for tighter airport security and war insurance took their toll, an International Air Transport Association official said on Monday.
Boeing meets aircraft delivery goal
BA expects decline in full-year revenues
United Airlines cuts business fares from 2 hubs
Varig ordered to restate earnings
Schiphol sees rebound in number of flights

Features

S African port a victim of its own success
DURBAN, Africa's busiest port, has become the victim of its own success since the abolition of apartheid in 1994.

	web site

Flemming Jacobs no longer CEO of NOL FMC imposes fines on CSCL and Rich Shipping China's foreign manufacturers push export figures up FEFC lines reduce war risk surcharge for Yemen Golar invests in new safety system from Ulysses KLM forecasts negative earnings for FY2002 Macau air freight throughput up over 40pc in December 2002 Cathay to add third flight to London from Hong Kong

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JANUARY 7, 2003
Jacobs has to leave NOL Danish CEO Flemming Jacobs on Tuesday made an abrupt departure from Singapore's loss-making shipping giant Neptune Orient Lines Ltd. (NOL). Deutsche Post in consulting Co. Deutsche Post consolidated its consulting business divisions and market research departments to form a new company, Deutsche Post World Net Business Consulting GmbH, which will have 130 staff. FedEx up after positive rating Shares in the world's biggest air-express firm FedEx Corp FDX.N FDX.F rose to 53.70 euros ($56.18) in Frankfurt from a U.S. close of $55.50 after Credit Suisse First Boston raised its rating on the firm to "outperform" from "neutral." Hanjin increases capacity of China Europe Express Next month Hanjin Shipping will increase the capacity of the weekly China Europe Express (CEX). MAS eyes 6 new Airbus mega-jumbos The parent company of flag carrier Malaysia Airlines is in talks with the European Airbus consortium to acquire at least six A380 superjumbo aircraft, the Star said. Malaysian ports need $1.1 billion investment Malaysia's ports need investment of more than a billion dollar to raise capacity and win a greater share of global trade, a report said today.

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Maersk Logistics now approved for US C-TPAT programme Provisional dumping duty on Chinese mulberry raw silk Spices Board to take part in Nuremburg fair in Feb. Chemical, petrochem products top in dumping cases Paradip Port sets daily traffic record Mormugao Port's ore handling plant loads record 11.17 m. tonnes in 2002 The 2 RMQCs-a backgrounder JN Port joins Big League - Goyal commissions new super post-Panamax cranes at JNPCT 'N' Form facility for bulk liquid chemicals at MbPT revived Ministry seeks industry's views on making DEPB more WTO-compatible Liberalisation of economy is far from satisfactory: Lord Meghnad Desai Steel units firm against Customs duty change Ficci lays down 10-pt strategy for tax reforms Jaswant may change priorities in financing projects IIFT meet to throw light on techniques to cut transaction costs Fashion accessories expo at Tirupur from today

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JANUARY 7, 2003
Panama supply squeeze keep prices firm Iraq oil minister sacked Saudis back OPEC production increase Argentina sharply higher, new supplier aggressive Frost bites Baltic suppliers Run on fuel oil depletes stocks in Uruguay Fujairah market on hesitant downward turn OPEC discussing output increase of 1-2 million barrels St Petersburg: Heavy ice, many offices closed Singapore sharply down, strong month-end expected Chinese prices soften following crude Rotterdam slightly softer this morning Brazilian market update from Petrobras

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JANUARY 7, 2003
Flemming R. Jacobs leaving NOL Newbuilding for Contship Containerlines KLM cargo traffic stagnant Scania closes biggest deal in The Netherlands UPS is equipping its Louisville Worldport with Bluetooth technology

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JANUARY 7, 2003
NASSCO to design SeaRiver tankers NASSCO is to develop a contract design for a 750,000-barrel capacity, double-hull crude oil tanker Kuwait order for Austal unit Austal's Image Marine will build three Coast Guard boats for Kuwait.

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JANUARY 6, 2003
Now ADB Pulls Out of Arusha Rail Project

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UK charters more ro-ros ready for Iraq THE UK is now thought to have chartered six to eight roll-on roll-off vessels as part of its build up for war on Iraq, while the US Military Sealift Command has fixed a containership for an undisclosed Asian destination. Market fears NOL 'power vacuum' as shares slide NEPTUNE Orient Lines' share price fell 4.9% yesterday following the sudden ousting of chief executive Flemming Jacobs. Chugoku Paints in broad-brush legal stroke against Jotun CHUGOKU Marine Paints is considering broadening legal moves to stop competitor Jotun from marketing an anti-fouling coating already covering the hulls of ships operated by well-known owners that include Shell, BP and Frontline. Andreas Ugland sells off UB Shipping to Allco NORWEGIAN family shipping group Andreas Ugland yesterday took a further step in "tidying up" its corporate structure with the sale of UK operation UB Shipping to asset financier Allco, writes Jerry Frank. Opec prepares for crisis talks over lost Venezuelan exports MINISTERS from the Organisation of Petroleum Exporting Countries look set to hold an emergency meeting on Sunday to decide how much extra oil is needed to make up for lost Venezuelan exports.

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JANUARY 7, 2003
Riovia partners to leave project Frontline shares leap ahead in Oslo Brazil's Da Silva takes firm hand Hidrovia hike angers Argentina Venezuela production slowly rises Icebreaker alert as Baltic freezes First caller at L'beck box terminal USCG toughens up on ballast data APL returns to Kolkata dock Oman awards oil refinery contract Questions over Prestige log Crown Resources in sale speculation Korea's Kunsan to build box berths Asia-Gulf lines hope for rate hike India to fund Iran-Afghan port link Liberia back on the rack Ocean Club launch in March Gulf petrochem exports to soar Malaysia to consolidate box gains Japanese domestic ferry adrift Red Sea ship security stepped up

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JANUARY 7, 2003
NITL president Emmett resigns Edward M. Emmett, president of The National Industrial Transportation League since 1992, has announced his intention to resign effective May 6. Marad won't back FastShip loan bid The Maritime Administration said it won't currently support government-backed shipbuilding loans for a fleet of futuristic high-speed container ships to be operated in the North Atlantic trade. NOL shakeup may hint at bigger loss The timing of chief executive Flemming Jacobs's departure suggests the company may be preparing the market for record losses. Congress back at work; economy, security top agenda Cathay acquiring Airbus freighters High-tech exporters hit by payment delays: Study May to head ATA Former CF Air exec launches new forwarder November surge for Dragonair cargo Clarification No excuses: MOL falling short NVOCCs to plot strategy Martinair selects SITA FPS Logistic opens East Coast office

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JANUARY 7, 2003
Frontline continues surge in New York But Fredriksen's tanker stock levels after strong open. P&I clubs to switch reinsurer Stephen Catlin's syndicate offers competitive price to win world's top reinsurance contract. Cruise customers thrown a line Bankruptcy court approves American Classic Voyages plan to reimburse $10m in deposits. ITF blisters LISCR as face of "monster" Liberian registry says David Cockroft merely singing same old song. UK seeks 20 ships for war Britain moves to charter merchant vessels for conflict with Iraq. PDVSA customers could see double Chavez minister advocates splitting company, but critics say production likely to shrink. Swissmarine moves into LPG Greek company acquires gas marketing and chartering business of ContiGroup. Frontline shares soar Analysts say John Fredriksen nets $43m plus in a day's trading. Bangladesh eyes wider feeder links Shipowners could get state help to boost trade with Thailand and Myanmar. NOL shares drop 5% Abrupt sacking of Flemming Jacobs may speed American Eagle Tankers sell off. Caspian Shipping confesses to lack of cover Azeri owner has no insurance for its fleet this year, despite two fatal accidents last year. First 2003 VLCC scrap sale pays big bucks Egon Oldendorff tanker beats prices paid throughout all last year. K Line set to break even President Yasuhide Sakinaga optimistic for new financial year. Samudera teams up with Jardine Indonesian shipowner takes agency operations in-house in Malaysia. Nassco inks SeaRiver tanker design deal California yard is to develop a new 750,000-barrel crude carrier for ExxonMobil's shipping arm. Brodosplit targets $200m of deliveries Croatian yard is on schedule to hand over six tankers in 2003. Transfennica looks to the east Finnish ro-ro specialist starts new service from Germany to eastern port of Hamina. Corroded Egyptian bulker hauled in by Australia Port state control inspectors detain 167 ships in 2002. Cosco confirms Erck Rickmers charter Chinese container giant says it will take five new giant boxships from Hamburg-based owner. Teekay sticks to dividend policy Aframax tanker giant sticks by shareholders despite poor results and uncertain prospects. Austal wins Kuwait coast guard deal Aussie shipbuilder's Image Marine subsidiary to supply patrol boats for Middle East nation.