India jails Indon pirates for Alondra Rainbow hijack IN what is believed to be a jurisdictional first, India convicted and sentenced 14 Indonesian pirates on Tuesday over the 1999 hijacking of the Japanese-owned and bound cargo ship Alondra Rainbow.
Officer shot in hijack attempt AN aborted hijacking attempt in Indonesia on Tuesday has left a chief engineer in a critical condition after pirates fired upon a chemical tanker.
Jurong Port begins stage 4 of expansion SINGAPORE's second container terminal operator, Jurong Port, says it has begun the fourth phase of its expansion, which will boost its annual handling capacity to 1.4 million TEUs.
Shipping boosts A P Moller's profit A P Moeller Group, the world's largest container shipping company, said it had a larger- than-expected profit in 2002, as it made money from shipping.
Frontline's Q4 profit jumps 54% FRONTLINE Ltd, the world's biggest operator of supertankers, said fourth-quarter profit climbed 54 per cent as demand rose and tariffs surged.
TotalFinaElf charters VLCC from Europe to Singapore OIL major TotalFinaElf has chartered the first very large crude carrier of the year to take Russian high sulphur fuel oil to Singapore, potentially tightening the Rotterdam market over the next few weeks, traders said on Tuesday.
Air and Land Transport
Swiss Air Lines to axe another 700 jobs, cut fleet SWISS International Air Lines will eliminate an additional 700 jobs, reduce its fleet by 20 planes and shed routes such as Zurich to Jersey and Turin after abandoning a goal of breaking even this year.
Pressure rising to slash costs, says Delta CEO
MAS chalks up RM330m profit in third quarter
Fraport to decide on troubled Manila project by end-March
EasyJet may not buy DBA if terms are not met
US agency says pilots must carry guns in bags to and from plane
Features
End nears for Titanic yard TENS of thousands of men once thronged through the narrow streets of east Belfast each day to work at the mighty shipyard renowned for building the Titanic.
India jails Indon pirates for Alondra Rainbow hijack IN what is believed to be a jurisdictional first, India convicted and sentenced 14 Indonesian pirates on Tuesday over the 1999 hijacking of the Japanese-owned and bound cargo ship Alondra Rainbow.
Officer shot in hijack attempt AN aborted hijacking attempt in Indonesia on Tuesday has left a chief engineer in a critical condition after pirates fired upon a chemical tanker.
Jurong Port begins stage 4 of expansion SINGAPORE's second container terminal operator, Jurong Port, says it has begun the fourth phase of its expansion, which will boost its annual handling capacity to 1.4 million TEUs.
Shipping boosts A P Moller's profit A P Moeller Group, the world's largest container shipping company, said it had a larger- than-expected profit in 2002, as it made money from shipping.
Frontline's Q4 profit jumps 54% FRONTLINE Ltd, the world's biggest operator of supertankers, said fourth-quarter profit climbed 54 per cent as demand rose and tariffs surged.
TotalFinaElf charters VLCC from Europe to Singapore OIL major TotalFinaElf has chartered the first very large crude carrier of the year to take Russian high sulphur fuel oil to Singapore, potentially tightening the Rotterdam market over the next few weeks, traders said on Tuesday.
Air and Land Transport
Swiss Air Lines to axe another 700 jobs, cut fleet SWISS International Air Lines will eliminate an additional 700 jobs, reduce its fleet by 20 planes and shed routes such as Zurich to Jersey and Turin after abandoning a goal of breaking even this year.
Pressure rising to slash costs, says Delta CEO
MAS chalks up RM330m profit in third quarter
Fraport to decide on troubled Manila project by end-March
EasyJet may not buy DBA if terms are not met
US agency says pilots must carry guns in bags to and from plane
Features
End nears for Titanic yard TENS of thousands of men once thronged through the narrow streets of east Belfast each day to work at the mighty shipyard renowned for building the Titanic.
India jails Indon pirates for Alondra Rainbow hijack IN what is believed to be a jurisdictional first, India convicted and sentenced 14 Indonesian pirates on Tuesday over the 1999 hijacking of the Japanese-owned and bound cargo ship Alondra Rainbow.
Officer shot in hijack attempt AN aborted hijacking attempt in Indonesia on Tuesday has left a chief engineer in a critical condition after pirates fired upon a chemical tanker.
Jurong Port begins stage 4 of expansion SINGAPORE's second container terminal operator, Jurong Port, says it has begun the fourth phase of its expansion, which will boost its annual handling capacity to 1.4 million TEUs.
Shipping boosts A P Moller's profit A P Moeller Group, the world's largest container shipping company, said it had a larger- than-expected profit in 2002, as it made money from shipping.
Frontline's Q4 profit jumps 54% FRONTLINE Ltd, the world's biggest operator of supertankers, said fourth-quarter profit climbed 54 per cent as demand rose and tariffs surged.
TotalFinaElf charters VLCC from Europe to Singapore OIL major TotalFinaElf has chartered the first very large crude carrier of the year to take Russian high sulphur fuel oil to Singapore, potentially tightening the Rotterdam market over the next few weeks, traders said on Tuesday.
Air and Land Transport
Swiss Air Lines to axe another 700 jobs, cut fleet SWISS International Air Lines will eliminate an additional 700 jobs, reduce its fleet by 20 planes and shed routes such as Zurich to Jersey and Turin after abandoning a goal of breaking even this year.
Pressure rising to slash costs, says Delta CEO
MAS chalks up RM330m profit in third quarter
Fraport to decide on troubled Manila project by end-March
EasyJet may not buy DBA if terms are not met
US agency says pilots must carry guns in bags to and from plane
Features
End nears for Titanic yard TENS of thousands of men once thronged through the narrow streets of east Belfast each day to work at the mighty shipyard renowned for building the Titanic.
TNT Logistics and Wincanton runners up in European logistics market With European contract logistics revenues of 2,332 million euro, Exel retains over 2002 its top position from the previous year.
Explore road tolls, Ottawa advises In his long-awaited blueprint for the future of transportation in Canada, federal Transport Minister David Collenette yesterday presented a new policy focused on protecting the environment and encouraging commercial competition.
Palletmaker Chep Europe down Palletmaker Chep Europe, part of Brambles Industries, suffered a 25 per cent fall in operating profit to $124 million. Chep Americas, the business which signaled the start of Brambles's loss of earnings momentum in late 2001, increased operating profit 33 per cent to $126 million.
Evergreen moves into Shortsea Evergreen is to start a European Shortsea service from north Europe in the near future.
Swiss clips fleet, costs to survive Flag carrier Swiss International Air Lines will cut its fleet by 20 aircraft, shed 700 jobs and not break even this year.
NOL Group reports loss for 2002 Neptune Orient Lines (NOL) today reported a loss for the full year 2002 of $330 million.
Conditional immunity for SNTG Company says it reported results of internal investigation to authorities
Star inks cruise ship completion deal A Star Cruises subsidiary has now signed a contract for Lloydwerft to complete the first "Project America" vessel
Swedish Club seeks box stowage action THE Swedish Club is calling for more attention to be paid to container stowage following an investigation into cases of containers lost overboard.
P&O Ports gains 38% with Deurganck expansion P&O PORTS has been granted a surprise concession that could pave the way for a massive expansion at the port of Antwerp, with the UK firm gaining the go-ahead to take the northern part of the Deurganck dock from Hesse-Noord Natie, writes Helen Hill in Amsterdam.
Brussels steps up places of refuge pressure EUROPEAN Commission officials have said they are keen to see member governments speed up action within this year to introduce defined 'places of refuge' for aiding ships in distress.
Daewoo grabs two more VLCC orders DAEWOO Shipbuilding and Marine Engineering has claimed another two orders for VLCCs, both from existing Greek customers, as part of another haul of tanker orders worth about $230m.
Erck Rickmers beats off rivals to win Zim contract ERCK Rickmers has fended off competition from his brother Bertram to land a contract with Zim Israel Navigation, writes Janet Porter.
Loy wants gov't. $$$ for port security Transportation Security Administrator James M. Loy said that he would recommend providing federal funds for port and maritime security measures.
NOL to cut jobs after record loss Weak freight rates and a one-time charge led Neptune Orient Lines Ltd. to post a record 2002 net loss of $330.16 million, up from $56.37 million in 2001.
After record, Hong Kong makes plans Hong Kong easily maintained its position as the world's largest container port in 2002, processing a record 19 million TEUs in 2002.
Hong Kong box operators in logistics venture
Canada plan divides shippers, railroads
FedEx Express taps Brown for Mexico, Central America
Hasco, Sinotrans cancel space charter
New line offers U.S.-Mexico service
Indian port cuts vessel charges
New cranes for Savannah
British Airways adds Cologne freighter stop
Transport consultant network expands
Rail mergers, port security in Canada transport plan
'Judgement of Solomon' ends terminal giants' Antwerp spat Antwerp Port Authority has ended the fierce tussle between P&O Ports (POP), AP Moller Terminals (APMT) and Hesse Noordnatie (HNN) over crucial concessions to operate terminals in the port's new Deurganckdok.
NOL banks on market upturn after US$330m loss Neptune Orient Lines (NOL) has reported a 2002 net loss of US$330 million and plans to slash up to 1,100 jobs this year, but predicts 'substantial' improvement for 2003.
Shortlisted Vallarpadam bidders approach final showdown
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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