S Korean yards' tanker orders soar in Q4 last year FEARS of an early phase-out of single-hulled tankers and low newbuilding prices resulted in a surge of tanker orders during the last quarter of 2002, according to Korean commerce officials.
Oil should be pumped from sunken tanker in Spain EXPERTS appointed by the Spanish government on Friday said that remaining fuel oil in the sunken tanker Prestige should be pumped out if possible, Deputy Prime Minister Mariano Rajoy declared on Friday.
Get ship-shape! BIGGER and better - that's how the Work Boat World Asia event has grown.
S&P revises marine insurers' outlook to negative INSURERS covering commercial ships against liability claims had their outlook changed to negative by Standard & Poor's on concern that the industry will lose money for a fourth year.
Air and Land Transport
MasKargo eyes 50,000 tonnes sea-air transhipment MASKARGO, Malaysia Airlines' air cargo division, is targetting to hit 50,000 tonnes of sea-air transhipment by the end of this year, said its senior general manager JJ Ong.
Qantas likely to report doubling of H1 profit
Air China suspends flights to Kuwait over war fears
US Congress extends fee for stranded airline passengers
S Korean yards' tanker orders soar in Q4 last year FEARS of an early phase-out of single-hulled tankers and low newbuilding prices resulted in a surge of tanker orders during the last quarter of 2002, according to Korean commerce officials.
Oil should be pumped from sunken tanker in Spain EXPERTS appointed by the Spanish government on Friday said that remaining fuel oil in the sunken tanker Prestige should be pumped out if possible, Deputy Prime Minister Mariano Rajoy declared on Friday.
Get ship-shape! BIGGER and better - that's how the Work Boat World Asia event has grown.
S&P revises marine insurers' outlook to negative INSURERS covering commercial ships against liability claims had their outlook changed to negative by Standard & Poor's on concern that the industry will lose money for a fourth year.
Air and Land Transport
MasKargo eyes 50,000 tonnes sea-air transhipment MASKARGO, Malaysia Airlines' air cargo division, is targetting to hit 50,000 tonnes of sea-air transhipment by the end of this year, said its senior general manager JJ Ong.
Qantas likely to report doubling of H1 profit
Air China suspends flights to Kuwait over war fears
US Congress extends fee for stranded airline passengers
Major defeat Delta in union case The Delta Master Executive Council (MEC), a unit of the Air Line Pilots Association (ALPA), announced today that an arbitrator has partially granted the union's grievance challenging management's furlough of Delta pilots.
Rostock shuttle to launch this spring The rail ":landbridge": from Rotterdam to Rostock via Duisburg should start operating in April or May. Partners in the initiative include the Port of Rostock, ECT, Conliner and German Railways subsidiary Kombiverkehr.
KLM with Amsterdam-Thessalonica KLM Royal Dutch Airlines will launch scheduled service between Amsterdam and the Greek port of Thessalonica effective April 3, 2003.
Diesel price record US hits truckers The retail price of diesel, used in most freight-hauling trucks, shot up 12 cents a gallon last week, the largest weekly jump since the Department of Energy started following those prices in 1994.
Successful intermodal innovation U.S. Transportation Secretary Norman Y. Mineta today announced completion of a test for a federally sponsored intermodal freight operation project that could mean cost savings and security benefits for future freight movements.
Alaska Air ceo plans to retire John Kelly, chairman and CEO of Alaska Air Group Inc., will retire May 20 from the Seattle-based parent company of Alaska Airlines and its sister carrier, Horizon Air.
AMR flight attendants 'open to talks' The Association of Professional Flight Attendants at American Airlines says it is willing to discuss limited concessions to help the struggling airline but the company must first prove it needs $340 million in cuts from its 25,000 members.
Kim reveals little on HMM cash-for-summit allegations DRESSED in grey and looking suitably morose and apologetic, the president of South Korea stood in front of the television cameras and addressed the nation on Friday to try to silence the continuing allegations over his administration's handling of an inter-Korean summit in June 2000, a saga in which shipping line Hyundai Merchant Marine is heavily embroiled.
US steps up Middle East security US authorities are stepping up security measures throughout the Middle East against potential terrorist attacks, even as they build up toward a possible conventional war with Iraq.
Stelios plans to cut the fat with easy cruises STELMAR founder, Stelios Haji-Ioannou, who stepped down as chairman of the tanker company in 2002 to pursue other interests, is seriously contemplating a return to shipping with the launch of a new cruise venture, possibly as early as next year.
Job losses and divestiture mark PSA's ports focus SINGAPORE'S PSA Corp is divesting S$182m (US$103.8m) worth of non-core businesses and making the first lay-offs in over 20 years to focus on its global ports operation.
West Coast ports wooing shippers Despite the diversion of cargo during last fall's shutdown, importers and exporters in the trans-Pacific trades still want to ship through West Coast ports, port executives say.
Slow month helps 24-hour compliance A historically slow February has aided implementation of U.S. Customs' advance manifest filing requirements, executives said.
Airlines hike fuel surcharges The soaring price of crude oil is forcing airlines to raise cargo fuel surcharges.
Changes for West Coast port truckers
Lufthansa Cargo plans rate increase
Hutchison port chief seeks end to THCs
White House sees private sector as key to cyber-security
US Customs hits back at broker criticisms A high-level official at US Customs has countered broker criticisms of the agency's approach emphasising that it is co-operating with the industry and facilitating commercial activities remains a high priority.
Lines introduce 24hr documentation charge Member lines of the Transpacific Stabilization Agreement (TSA) have either introduced or are planning to levy a US$25 documentation fee for cargo covered by the 24-hour manifest rule.
PSA to offload non-core assets worth over US$100m PSA Corp will pull out of non-core businesses to focus on port development, management and operations from March 31.
Port liberalisation vote heralds further European disruption
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