BRIEFS

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Shipping News

ITF opens Manila office offering help to seafarers
Agency concerned about blacklisting in world's largest supplier of seamen
MPA advances phase 3 towage scheme
Guangzhou port's access channel being deepened
New cranes for PSA's Aden terminal

Air and Land Transport

PAL shareholders to inject US$150m into ailing airline
Chairman Lucio Tan to provide US$90m, other shareholders the rest
Northrop to lose US$150m in sales on Boeing cutbacks
FAA clarifies how recorder data from airlines will be used
ANA forms partnership with SAS
Air France to choose Continental or Delta as alliance partner next year
Finnair to join oneworld very soon
Renault aims for sales of 4m vehicles

Features

Setting new sights in China
Promet founder plans to make Yantai Raffles Shipyard in Shandong a flexible yard to build vessels of all classes

Columns

When a ship master is not bound to follow order of time charterer

web site

Shipping News

ITF opens Manila office offering help to seafarers
Agency concerned about blacklisting in world's largest supplier of seamen
MPA advances phase 3 towage scheme
Guangzhou port's access channel being deepened
New cranes for PSA's Aden terminal

Air and Land Transport

PAL shareholders to inject US$150m into ailing airline
Chairman Lucio Tan to provide US$90m, other shareholders the rest
Northrop to lose US$150m in sales on Boeing cutbacks
FAA clarifies how recorder data from airlines will be used
ANA forms partnership with SAS
Air France to choose Continental or Delta as alliance partner next year
Finnair to join oneworld very soon
Renault aims for sales of 4m vehicles

Features

Setting new sights in China
Promet founder plans to make Yantai Raffles Shipyard in Shandong a flexible yard to build vessels of all classes

Columns

When a ship master is not bound to follow order of time charterer

web site

Shipping News

ITF opens Manila office offering help to seafarers
Agency concerned about blacklisting in world's largest supplier of seamen
MPA advances phase 3 towage scheme
Guangzhou port's access channel being deepened
New cranes for PSA's Aden terminal

Air and Land Transport

PAL shareholders to inject US$150m into ailing airline
Chairman Lucio Tan to provide US$90m, other shareholders the rest
Northrop to lose US$150m in sales on Boeing cutbacks
FAA clarifies how recorder data from airlines will be used
ANA forms partnership with SAS
Air France to choose Continental or Delta as alliance partner next year
Finnair to join oneworld very soon
Renault aims for sales of 4m vehicles

Features

Setting new sights in China
Promet founder plans to make Yantai Raffles Shipyard in Shandong a flexible yard to build vessels of all classes

Columns

When a ship master is not bound to follow order of time charterer

web site

Shipping News

ITF opens Manila office offering help to seafarers
Agency concerned about blacklisting in world's largest supplier of seamen
MPA advances phase 3 towage scheme
Guangzhou port's access channel being deepened
New cranes for PSA's Aden terminal

Air and Land Transport

PAL shareholders to inject US$150m into ailing airline
Chairman Lucio Tan to provide US$90m, other shareholders the rest
Northrop to lose US$150m in sales on Boeing cutbacks
FAA clarifies how recorder data from airlines will be used
ANA forms partnership with SAS
Air France to choose Continental or Delta as alliance partner next year
Finnair to join oneworld very soon
Renault aims for sales of 4m vehicles

Features

Setting new sights in China
Promet founder plans to make Yantai Raffles Shipyard in Shandong a flexible yard to build vessels of all classes

Columns

When a ship master is not bound to follow order of time charterer

	web site

TWRA to cut fuel surcharge by 50 per cent Rotterdam plan criticised MPA to extend port dues concession Talks on Westport-Laem Chabang connection underway Hong Kong's air cargo operations rates above most Martinair steps up transatlantic services Transnational to pay US$100,000 fine

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DECEMBER 3, 1998
Frans Maas loses GE Plastics as customer to Penske Air France freight volumes lower Rate increase on the Australia-Europe trade Lower result Hessenatie due to congestion New Los Angeles-Paris (Orly) Flights American Airlines Border town Venlo protest at absence of new road

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Home

Four bidders pursue APL Stacktrain
WTO forecasts slower growth in world trade
Moody's warns ports in West on debts
Visit to US fails to ease India, Pakistan tensions
FTAA focuses on customs to invigorate talks
Danzas now handling air and ocean imports for Eli Lilly and Co.
US farmers plan blockades as Canada trade talks continue
CLA Air Transport starting two intra-Philippine cargo flights
Internet is necessity for nearly half of users, AOL study says
FAA issues emergency stop use order on 747 jet fuel pumps
US prods China to open up its aviation market

Transportation

Venezuela readies new customs law
EU rail operator faces hostile investors
British intermodal operators provide only sunshine in the cloudy European industry
US Postal Service reaches tentative deal with 2 unions
US Postal Service ready to award airlift contracts
Air maintenance company cuts employees

Maritime

Venezuela readies new customs law
EU rail operator faces hostile investors
British intermodal operators provide only sunshine in the cloudy European industry
US Postal Service reaches tentative deal with 2 unions
US Postal Service ready to award airlift contracts
Air maintenance company cuts employees

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Home

Four bidders pursue APL Stacktrain
WTO forecasts slower growth in world trade
Moody's warns ports in West on debts
Visit to US fails to ease India, Pakistan tensions
FTAA focuses on customs to invigorate talks
Danzas now handling air and ocean imports for Eli Lilly and Co.
US farmers plan blockades as Canada trade talks continue
CLA Air Transport starting two intra-Philippine cargo flights
Internet is necessity for nearly half of users, AOL study says
FAA issues emergency stop use order on 747 jet fuel pumps
US prods China to open up its aviation market

Transportation

Venezuela readies new customs law
EU rail operator faces hostile investors
British intermodal operators provide only sunshine in the cloudy European industry
US Postal Service reaches tentative deal with 2 unions
US Postal Service ready to award airlift contracts
Air maintenance company cuts employees

Maritime

Venezuela readies new customs law
EU rail operator faces hostile investors
British intermodal operators provide only sunshine in the cloudy European industry
US Postal Service reaches tentative deal with 2 unions
US Postal Service ready to award airlift contracts
Air maintenance company cuts employees

web site

Home

Four bidders pursue APL Stacktrain
WTO forecasts slower growth in world trade
Moody's warns ports in West on debts
Visit to US fails to ease India, Pakistan tensions
FTAA focuses on customs to invigorate talks
Danzas now handling air and ocean imports for Eli Lilly and Co.
US farmers plan blockades as Canada trade talks continue
CLA Air Transport starting two intra-Philippine cargo flights
Internet is necessity for nearly half of users, AOL study says
FAA issues emergency stop use order on 747 jet fuel pumps
US prods China to open up its aviation market

Transportation

Venezuela readies new customs law
EU rail operator faces hostile investors
British intermodal operators provide only sunshine in the cloudy European industry
US Postal Service reaches tentative deal with 2 unions
US Postal Service ready to award airlift contracts
Air maintenance company cuts employees

Maritime

Venezuela readies new customs law
EU rail operator faces hostile investors
British intermodal operators provide only sunshine in the cloudy European industry
US Postal Service reaches tentative deal with 2 unions
US Postal Service ready to award airlift contracts
Air maintenance company cuts employees

	web site

FMC Draws up Bond Increases for Intermediaries COSCON, Yang Ming File Space Charter Pact Transpacific Box Imbalance Expected to Widen in 1998

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Los sindicatos lanzan un SOS para salvar el ferrocarril en Extremadura La aerolínea Cityjet conecta Irlanda con la Costa del Sol El presidente de Asturias da por segura la l'nea marítima Gij'n-Rotterdam Renfe instala un sistema de protección de v'as en la línea Barcelona-Valencia La Comisión Europea consulta a las compañías aéreas Nedlloyd quita importancia al descenso del beneficio trimestral Swiss World Airways deja de volar hoy

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COSCO's Director visits India to study market potential Major Port Trusts Act in for amendment IMC meet with German envoy today Stevedores set record at VPT Hi-tech park planned at Navi Mumbai MMB plans to review hinterland connectivity at port sites NHAI-FICCI meet on express highways Australia eases sanctions Rs 1,000 notes may reappear Tourism services sector may be offered for privatisation Centre likely to import fertiliser HI-TEC City a precious jewel of 21st century, declares Vajpayee COSCON WB loan to UP FFFAI Convention begins at Kochi

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Il ministero delle Finanze chiede decine di miliardi per cinque anni di arretrati alle compagnie di trasporto Container, il Fisco batte cassa Una tassa per le merci trasportate in coperta rischia di allontanare il traffico dagli scali italiani Riesplode la polemica con la Ue sul lavoro in banchina Primi passi per il trasferimento delle competenze previsto dalla legge di riforma Capitanerie e autorità, parte il dialogo Gioia Tauro tira la volata al Sud

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Bollore tables bid for Safmarine box arm France's Bollore group revealed yesterday that it had made a bid for the container transport operations of South African shipping company, Safmarine. Ocean Marine faces major overhaul TROUBLED independent P&I club Ocean Marine Mutual is set to unveil a major overhaul with confirmation from the club last night that an announcement is imminent. Shipowners' Mutual move on claim pool THE Shipowners' Mutual Protection and Indemnity Association is set to become a direct participant in the International Group's claims sharing arrangements from February 20 next year. Oslo bourse index down as oil price fall bites FALLING oil prices acted to depress the Oslo Stock Exchange in November, with its total index falling 5.1% to 952.69 even as bourses elsewhere in the world bounced back from recent declines. ITF in Philippines 'blacklist' plea THE International Transport Workers Federation (ITF) has asked the Philippines to amend rules penalising ocean-going seafarers who engage in industrial action overseas and to act against local manning agents blacklisting these seafarers. Euro could fuel further competition in logistics THE introduction of the euro next month could act as an important catalyst in the development of third party logistics and integrated supply chains by intensifying competitive pressures across Europe, an industry expert has predicted. Swedish Club offers rebate to members Owners of vessels entered for P&I cover with the Swedish Club are to receive a 10% rebate on the cost of their P&I insurance for the 1998-99 policy year. Grande Africa Associated British Ports' Southampton port witnessed a double first when Grimaldi Lines' new multipurpose ro-ro, the Grande Africa, made her maiden call and discharged the initial consignment of Ford's new Focus make of car into the UK.

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DECEMBER 3, 1998
Gdansk delivers last boxship as sale approved CAPE Nati, the last of the series of six B191/12 type containerships under construction at Gdansk Shipyard for Schoeller Holdings, was christened and delivered yesterday. Sri Lankans foil port attack SRI Lankan police have arrested eight Tamil Tiger rebels suspected to have been planning to attack Colombo Port. BP hits fuel allowance in less than two months BP's new bunkering centre in Larnaca, Cyprus, yesterday reached its annual allowance of 30,000 tonnes of heavy fuel sold less than two months after it opened. Reuters drops broker messaging system REUTERS has announced the closure of its spot tanker messaging system from June 30 next year. Minister disappoints Italian owners ITALIAN transport minister Tiziano Treu has frustrated the hopes of Italian shipowners who had urged him to plead their cause in Brussels. Swedish Club gives discount for 1998-99 OWNERS of vessels entered for P&I cover with The Swedish Club are to benefit from a ten per cent discount for 1998-99. Hyundai expected to pull out of TACA HYUNDAI Merchant Marine is expected to following DSR-Senator and TMM in withdrawing from the Trans-Atlantic Conference Agreement next year. Moby launches new roro service tomorrow ITALIAN ferry operator Moby Lines launches a roro service from the mainland to Sardinia tomorrow. Exxon receives final offers on time charter US oil major Exxon has received final and best offers for its two-vlcc time charter requirement, and brokers believe that around five owners are still in the running Transroll quashes speculation TRANSROLL president Washington Barbeito has acted quickly to quash speculation that the Brazilian line is to be acquired by German operator Hamburg-S'd. Lpg vessel sinks in Chinese waterway A FULLY laden 380 dwt lpg vessel has sunk in the Hongwan Waterway near Zhuhai, a city in southern China close to Hong Kong. Bonnici laments Maltese handicap MALTESE economics minister Prof Josef Bonnici said in parliament that Sea Malta is facing serious disadvantages in its competition with European shipping lines. Finland launches third attempt to aid shipping FINLAND'S third attempt this year to aid the country's shipping industry has been launched amid fears of increasing desertion from the national flag. Drifting ship towed to Colombo A BELIZE flag ship adrift for two weeks was finally taken in tow to Colombo on December 1 after adverse weather prevented initial rescue. Supply ship stuck in pack ice AUTHORITIES in Australia are preparing a rescue plan for a government supply ship stuck in pack ice off Antartica. Singapore advances tug plan SINGAPORE'S Maritime and Port Authority has pushed forward the final stage of its tug liberalisation programme by four months to March 1, 1999. Electronic bookings 'hold key to cruise industry' A MARKED increase in direct electronic bookings via the Internet is likely to herald the most significant change to the global cruise industry, according to the head of Cruise Brokers.

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ECT: Hutchison devra-t-il composer avec RCE ? Curieuse évolution que celle que prend le dossier relatif à la vente d'ECT. A l'origine, le caractère des soumissions était bien précis. Le candidat retenu pourrait acquérir 45% de l'entreprise, le reste devant tomber dans les mains d'institutions néerlandaises ou à fort ancrage néerlandais. Le groupe Hutchison Whampoa a été retenu pour une discussion approfondie, les deux autres candidats, en l'occurrence PSA et CMB, étant priés de s'en tenir à l'accord relatif à la procédure de soumission. En d'autres termes, au cas où Hutchison se désisterait ou serait finalement écarté car ayant, après examen approfondi de la situation de l'entreprise, décidé de réduire le montant de son offre, l'organisme chargé de la vente peut toujours se rabattre sur l'un des deux autres candidats. C. Bourne (MOL): "Les taux progresseront encore au départ de l'Asie" Si l'on en croit Chris Bourne, managing director de Mitsui OSK Lines, le liner s'oriente progressivement vers des jours meilleurs. L'année 1998 aura été très difficile; toutefois, les perspectives pour 1999 sont nettement meilleures et l'an 2000 devrait ramener les lignes opérant sur l'Asie dans les chiffres noirs. Animant une des sessions de la conférence "Intermodal 98", C. Bourne avait choisi comme thème: "Les effets à long terme de la crise asiatique sur le shipping et le trading". La libéralisation secoue la navigation intérieure belge Quelques jours après l'entrée en vigueur de la libéralisation dans la navigation intérieure belge, la situation reste peu claire. L'industrie tente sa chance et essaie d'obtenir une diminution des tarifs de 40%, les bureaux d'affrètement font concurrence aux transporteurs, tandis que les bateliers indépendants ont pris en traînant les pieds le chemin qui mène vers les coopératives. La situation est extrêmement tendue dans la navigation citernière belge, où certains opérateurs ont refusé d'effectuer des transports de Rotterdam et Flessingue à destination de Bruxelles et de Liège à des prix en-dessous du tarif plancher. A l'heure de mettre sous presse, une réunion entre chargeurs et armateurs était toujours en cours à Anvers. Le "passif historique" au centre du débat sur le décret portuaire Harmoniser les conditions de fonctionnement entre ports flamands vers l'avenir, comme le prévoit la proposition de décret portuaire, est une chose. Mais l'égalité des chances ne sera réelle que si les distorsions du passé sont elles aussi corrigées, a argumenté Gand - partiellement suivi sur ce point par Ostende - lors du débat public qui a eu lieu hier à la Commission de l'Aménagement du Territoire, des Travaux publics et des Transports du Parlement flamand. L'échevin portuaire gantois Termont a exigé une garantie formelle qu'une telle évaluation des "charges historiques" aurait lieu. Anvers et Zeebrugge ont estimé qu'il vaudrait mieux qu'une telle discussion ait lieu en dehors du débat sur le décret portuaire. Les quatre ports étaient cependant d'accord sur le fait qu'une adoption rapide du décret en question serait une bonne affaire.

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Double headers to go under new EBA Double header shifts will be eliminated by P&O Ports under its new enterprise agreements. This is believed to be one of "the agreed core terms" of site certified agreements contained in the in principle agreement now being considered by the Maritime Union of Australia (MUA) and its members. With the practice of double headers gone, other overtime will be available only at the discretion of management and at management's direction. An annual fixed salary, based on the actual roster, hours to be worked and general conditions of employment will constitute the basis for payment. SA angry over FreightCorp win A bitter row has erupted over the selection of NSW rail freight operator FreightCorp as the successful tenderer for the lucrative Flinders Power intra-state coal haulage task in South Australia. Adelaide-based Australia Southern Railroad, which currently operates the daily coal service for Flinders with their own wagons, locomotives and crews running over the Flinders-owned track, is perplexed at the awarding of the contract to FreightCorp. Opposition parties in SA yesterday also expressed strong opposition to FreightCorp's selection, concerned about the potential loss of jobs and future rail track investment in the state resulting from the tender. COSCO follows the pack on THCs The imposition of an import terminal handling charge by COSCO has been described as "a de facto freight rate increase" by the executive president of the Australian Peak Shippers Association, Frank Beaufort. Mr Beaufort said it was disappointing that shipping lines saw the need to impose these charges, although he admitted that the Chinese carrier was merely following the practice of other lines. "They are probably one of the last," he said. COSCO will introduce the terminal handling charge from all load ports other than those in Japan, Korea and Hong Kong, which will remain at the existing rates, from 1 January. BHPT quits Newcastle tugs BHP transport and its Japanese partners are to end their involvement in tugs in the port of Newcastle, selling Hunter Towage Services and four tugs to Adsteam/Howard Smith joint-venture Waratah Towage. The sale, which is subject to the completion of due diligence and discussions with the Australian Competition and Consumer Commission, brings to an end a sometimes bitter contest between HTS and Waratah subsidiary Newcastle Tugs which, at least in the early days, reflected considerable enmity between the parent companies over service and pricing issues.

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Feature

The biter bitten in Dubai. A spirited attack by shipowners on lagging development by ports met with an unexpected counter-attack at TOC Asia in Dubai this year.

Maritime

Lithuanian North Sea Ferries starts a new ro/ro service.
CMA-CGM/ESF launch weekly service between west Europe and the Baltic.
MSC upgrades its Australia-Asia service with a seventh vessel.
ACL rejects an unfriendly takeover attempt by Holt.
Erck Rickmers establishes a new shipowner company.
Zim back in the black. Zim Israel Navigation Company closed third quarter 1998 with a profit, considerably improving this year's balance sheet so far.
Norfolkline offers its services under the same name.
Stena Line is struggling to overcome continuing heavy losses.
DCL expands its LCL and FCL services to various destinations.
German shipowners oppose a ban on FOC ships in the North Sea.

Ports and Terminals

PSA Corp signs a JV in Dalian and offers a 10% rebate in Singapore.
Intermed promotes the potential of Northwest Mediterranean ports.
Felixstowe opens rail extension.
Baria Serece receives bigger ships.

Forwarding

Ocean Group Plc plans to buy back about 10% of its base capital.
AEI acquires Translink Group.
Hellmann Perishable Logistics is expanding, with new facilities.
Pohl and GeoLogistics combine their strengths in paper logistics.
Megafreight buys Berry & Donaldson.

Aviation

KLM/Alitalia: one ticket to the world. KLM and Alitalia have formed a unique alliance in the international air industry.
Austrian Airlines has started serving Harare in Zimbabwe.
World Airways has started flying a DC-10 freighter for TACA.
Lufthansa has already almost reached 1997 profits in the first three quarters of this year.
UPS posts a good third quarter.
FedEx leases three Boeing freighters from Atlas Air.
Pittston BAX Global is in the red in the third quarter.
CityFlyer joins the BA group.
SAirGroup buys stake in Air Europe.

web site

Feature

The biter bitten in Dubai. A spirited attack by shipowners on lagging development by ports met with an unexpected counter-attack at TOC Asia in Dubai this year.

Maritime

Lithuanian North Sea Ferries starts a new ro/ro service.
CMA-CGM/ESF launch weekly service between west Europe and the Baltic.
MSC upgrades its Australia-Asia service with a seventh vessel.
ACL rejects an unfriendly takeover attempt by Holt.
Erck Rickmers establishes a new shipowner company.
Zim back in the black. Zim Israel Navigation Company closed third quarter 1998 with a profit, considerably improving this year's balance sheet so far.
Norfolkline offers its services under the same name.
Stena Line is struggling to overcome continuing heavy losses.
DCL expands its LCL and FCL services to various destinations.
German shipowners oppose a ban on FOC ships in the North Sea.

Ports and Terminals

PSA Corp signs a JV in Dalian and offers a 10% rebate in Singapore.
Intermed promotes the potential of Northwest Mediterranean ports.
Felixstowe opens rail extension.
Baria Serece receives bigger ships.

Forwarding

Ocean Group Plc plans to buy back about 10% of its base capital.
AEI acquires Translink Group.
Hellmann Perishable Logistics is expanding, with new facilities.
Pohl and GeoLogistics combine their strengths in paper logistics.
Megafreight buys Berry & Donaldson.

Aviation

KLM/Alitalia: one ticket to the world. KLM and Alitalia have formed a unique alliance in the international air industry.
Austrian Airlines has started serving Harare in Zimbabwe.
World Airways has started flying a DC-10 freighter for TACA.
Lufthansa has already almost reached 1997 profits in the first three quarters of this year.
UPS posts a good third quarter.
FedEx leases three Boeing freighters from Atlas Air.
Pittston BAX Global is in the red in the third quarter.
CityFlyer joins the BA group.
SAirGroup buys stake in Air Europe.

web site

Feature

The biter bitten in Dubai. A spirited attack by shipowners on lagging development by ports met with an unexpected counter-attack at TOC Asia in Dubai this year.

Maritime

Lithuanian North Sea Ferries starts a new ro/ro service.
CMA-CGM/ESF launch weekly service between west Europe and the Baltic.
MSC upgrades its Australia-Asia service with a seventh vessel.
ACL rejects an unfriendly takeover attempt by Holt.
Erck Rickmers establishes a new shipowner company.
Zim back in the black. Zim Israel Navigation Company closed third quarter 1998 with a profit, considerably improving this year's balance sheet so far.
Norfolkline offers its services under the same name.
Stena Line is struggling to overcome continuing heavy losses.
DCL expands its LCL and FCL services to various destinations.
German shipowners oppose a ban on FOC ships in the North Sea.

Ports and Terminals

PSA Corp signs a JV in Dalian and offers a 10% rebate in Singapore.
Intermed promotes the potential of Northwest Mediterranean ports.
Felixstowe opens rail extension.
Baria Serece receives bigger ships.

Forwarding

Ocean Group Plc plans to buy back about 10% of its base capital.
AEI acquires Translink Group.
Hellmann Perishable Logistics is expanding, with new facilities.
Pohl and GeoLogistics combine their strengths in paper logistics.
Megafreight buys Berry & Donaldson.

Aviation

KLM/Alitalia: one ticket to the world. KLM and Alitalia have formed a unique alliance in the international air industry.
Austrian Airlines has started serving Harare in Zimbabwe.
World Airways has started flying a DC-10 freighter for TACA.
Lufthansa has already almost reached 1997 profits in the first three quarters of this year.
UPS posts a good third quarter.
FedEx leases three Boeing freighters from Atlas Air.
Pittston BAX Global is in the red in the third quarter.
CityFlyer joins the BA group.
SAirGroup buys stake in Air Europe.

web site

Feature

The biter bitten in Dubai. A spirited attack by shipowners on lagging development by ports met with an unexpected counter-attack at TOC Asia in Dubai this year.

Maritime

Lithuanian North Sea Ferries starts a new ro/ro service.
CMA-CGM/ESF launch weekly service between west Europe and the Baltic.
MSC upgrades its Australia-Asia service with a seventh vessel.
ACL rejects an unfriendly takeover attempt by Holt.
Erck Rickmers establishes a new shipowner company.
Zim back in the black. Zim Israel Navigation Company closed third quarter 1998 with a profit, considerably improving this year's balance sheet so far.
Norfolkline offers its services under the same name.
Stena Line is struggling to overcome continuing heavy losses.
DCL expands its LCL and FCL services to various destinations.
German shipowners oppose a ban on FOC ships in the North Sea.

Ports and Terminals

PSA Corp signs a JV in Dalian and offers a 10% rebate in Singapore.
Intermed promotes the potential of Northwest Mediterranean ports.
Felixstowe opens rail extension.
Baria Serece receives bigger ships.

Forwarding

Ocean Group Plc plans to buy back about 10% of its base capital.
AEI acquires Translink Group.
Hellmann Perishable Logistics is expanding, with new facilities.
Pohl and GeoLogistics combine their strengths in paper logistics.
Megafreight buys Berry & Donaldson.

Aviation

KLM/Alitalia: one ticket to the world. KLM and Alitalia have formed a unique alliance in the international air industry.
Austrian Airlines has started serving Harare in Zimbabwe.
World Airways has started flying a DC-10 freighter for TACA.
Lufthansa has already almost reached 1997 profits in the first three quarters of this year.
UPS posts a good third quarter.
FedEx leases three Boeing freighters from Atlas Air.
Pittston BAX Global is in the red in the third quarter.
CityFlyer joins the BA group.
SAirGroup buys stake in Air Europe.

web site

Feature

The biter bitten in Dubai. A spirited attack by shipowners on lagging development by ports met with an unexpected counter-attack at TOC Asia in Dubai this year.

Maritime

Lithuanian North Sea Ferries starts a new ro/ro service.
CMA-CGM/ESF launch weekly service between west Europe and the Baltic.
MSC upgrades its Australia-Asia service with a seventh vessel.
ACL rejects an unfriendly takeover attempt by Holt.
Erck Rickmers establishes a new shipowner company.
Zim back in the black. Zim Israel Navigation Company closed third quarter 1998 with a profit, considerably improving this year's balance sheet so far.
Norfolkline offers its services under the same name.
Stena Line is struggling to overcome continuing heavy losses.
DCL expands its LCL and FCL services to various destinations.
German shipowners oppose a ban on FOC ships in the North Sea.

Ports and Terminals

PSA Corp signs a JV in Dalian and offers a 10% rebate in Singapore.
Intermed promotes the potential of Northwest Mediterranean ports.
Felixstowe opens rail extension.
Baria Serece receives bigger ships.

Forwarding

Ocean Group Plc plans to buy back about 10% of its base capital.
AEI acquires Translink Group.
Hellmann Perishable Logistics is expanding, with new facilities.
Pohl and GeoLogistics combine their strengths in paper logistics.
Megafreight buys Berry & Donaldson.

Aviation

KLM/Alitalia: one ticket to the world. KLM and Alitalia have formed a unique alliance in the international air industry.
Austrian Airlines has started serving Harare in Zimbabwe.
World Airways has started flying a DC-10 freighter for TACA.
Lufthansa has already almost reached 1997 profits in the first three quarters of this year.
UPS posts a good third quarter.
FedEx leases three Boeing freighters from Atlas Air.
Pittston BAX Global is in the red in the third quarter.
CityFlyer joins the BA group.
SAirGroup buys stake in Air Europe.

	web site

Chang goes for broke GOLDEN OCEAN S billion dollar VLCC newbuilding project is entering a crucial stage. Heavy interest payments have seen the company notch up a big trading loss while it must find charters and finance for five VLCCs under construction or run the risk of defaulting on payments to shipyards. However, chairman Fred Cheng remains confident. Ulstein takeover sparks probe into insider trading Cargoshipmystery Threat to brokers Return to the Haven Cash call litigation