BRIEFS

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Shipping News

NOL faces US$16m fine from EU anti-trust body
Carrier was part of group allegedly involved in unfair practices
Royal Caribbean fined US$1m for pollution by US court
Collision off S'pore; no pollution, crews safe

Air and Land Transport

China freezes new plane orders as economy slows
Boeing, Airbus sales in country seen hit as Chinese carriers also delay deliveries
Airbus agrees to roll over Garuda's US$750m debt: report
Air India to offer shorter work week
Ansett unveils overhaul of flights
S Korea car industry seen to start recovering next year

Features

State sell-off hangs on price
For Delhi's bid to divest Container Corp of India to succeed, shares should be offered at 350 rupees, say analysts

Columns

UK court ticks off trading firm over arbitration dispute

web site

Shipping News

NOL faces US$16m fine from EU anti-trust body
Carrier was part of group allegedly involved in unfair practices
Royal Caribbean fined US$1m for pollution by US court
Collision off S'pore; no pollution, crews safe

Air and Land Transport

China freezes new plane orders as economy slows
Boeing, Airbus sales in country seen hit as Chinese carriers also delay deliveries
Airbus agrees to roll over Garuda's US$750m debt: report
Air India to offer shorter work week
Ansett unveils overhaul of flights
S Korea car industry seen to start recovering next year

Features

State sell-off hangs on price
For Delhi's bid to divest Container Corp of India to succeed, shares should be offered at 350 rupees, say analysts

Columns

UK court ticks off trading firm over arbitration dispute

web site

Shipping News

NOL faces US$16m fine from EU anti-trust body
Carrier was part of group allegedly involved in unfair practices
Royal Caribbean fined US$1m for pollution by US court
Collision off S'pore; no pollution, crews safe

Air and Land Transport

China freezes new plane orders as economy slows
Boeing, Airbus sales in country seen hit as Chinese carriers also delay deliveries
Airbus agrees to roll over Garuda's US$750m debt: report
Air India to offer shorter work week
Ansett unveils overhaul of flights
S Korea car industry seen to start recovering next year

Features

State sell-off hangs on price
For Delhi's bid to divest Container Corp of India to succeed, shares should be offered at 350 rupees, say analysts

Columns

UK court ticks off trading firm over arbitration dispute

web site

Shipping News

NOL faces US$16m fine from EU anti-trust body
Carrier was part of group allegedly involved in unfair practices
Royal Caribbean fined US$1m for pollution by US court
Collision off S'pore; no pollution, crews safe

Air and Land Transport

China freezes new plane orders as economy slows
Boeing, Airbus sales in country seen hit as Chinese carriers also delay deliveries
Airbus agrees to roll over Garuda's US$750m debt: report
Air India to offer shorter work week
Ansett unveils overhaul of flights
S Korea car industry seen to start recovering next year

Features

State sell-off hangs on price
For Delhi's bid to divest Container Corp of India to succeed, shares should be offered at 350 rupees, say analysts

Columns

UK court ticks off trading firm over arbitration dispute

	web site

China allowed to use Korea-Japan liner route UIH profits from Asian downturn Greater capabilities for new Thamesport crane FESCO/Contship in new vessel sharing pact Conti Lines starts new service to Africa Huge overall losses after strike for Northwest Hapag-Lloyd commits to five more Boeing 737-800s Rolls-Royce reaches US$2 billion orders at Farnborough

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SEPTEMBER 17, 1998
Commission fines Taca-members with $318 million; they go to court Comments of Lloyd's List: too severe punishment Weekly Israel service Sea-Land... ... in competition with Yangming Dispute postpones relaunch of Fokker aircraft production

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Home

Deficit only slightly wider as exports fall
Tariff relief wins support but faces veto
Panel to clarify role of forwarders
The new generation gap: free-trade policy
House Democrats squawk at GOP tactics on IMF
FMC holding emergency meeting on rash of Pacific rate increases
Columbus Line consolidating South Seas service at San Francisco and Los Angeles
Emery Worldwide wins two-year logistics pact with Royal Australian Air Force
Worldwide U-Ship creates a new unit, Advanced Courier Services
Consolidated Delivery & Logistics acquires third company in three months
South Korea to merge ailing guarantee insurers
Floods take heavy toll on Bangladesh tea industry

Transportation

US freight forwarders make drive into Europe
Rail agency realigns brake rule proposals
Reefer vessel to be scrapped after 9 months stuck in Hawaii
End may be near for Philippine Air
Agricultural showdown: Police stop Canadian trucks in pricing dispute
Trans-Atlantic Conference argues against EU fines
Air India, Indian Airlines to be privatized in a year

Maritime

Two maritime groups lambaste move to limit liability on Panama Canal
Keppel, Hitachi Zosen link to pursue Asian projects, shipbuilding
Two lines start service to Israel
Guam files new complaint claiming carrier overcharges
US port roundup

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Home

Deficit only slightly wider as exports fall
Tariff relief wins support but faces veto
Panel to clarify role of forwarders
The new generation gap: free-trade policy
House Democrats squawk at GOP tactics on IMF
FMC holding emergency meeting on rash of Pacific rate increases
Columbus Line consolidating South Seas service at San Francisco and Los Angeles
Emery Worldwide wins two-year logistics pact with Royal Australian Air Force
Worldwide U-Ship creates a new unit, Advanced Courier Services
Consolidated Delivery & Logistics acquires third company in three months
South Korea to merge ailing guarantee insurers
Floods take heavy toll on Bangladesh tea industry

Transportation

US freight forwarders make drive into Europe
Rail agency realigns brake rule proposals
Reefer vessel to be scrapped after 9 months stuck in Hawaii
End may be near for Philippine Air
Agricultural showdown: Police stop Canadian trucks in pricing dispute
Trans-Atlantic Conference argues against EU fines
Air India, Indian Airlines to be privatized in a year

Maritime

Two maritime groups lambaste move to limit liability on Panama Canal
Keppel, Hitachi Zosen link to pursue Asian projects, shipbuilding
Two lines start service to Israel
Guam files new complaint claiming carrier overcharges
US port roundup

web site

Home

Deficit only slightly wider as exports fall
Tariff relief wins support but faces veto
Panel to clarify role of forwarders
The new generation gap: free-trade policy
House Democrats squawk at GOP tactics on IMF
FMC holding emergency meeting on rash of Pacific rate increases
Columbus Line consolidating South Seas service at San Francisco and Los Angeles
Emery Worldwide wins two-year logistics pact with Royal Australian Air Force
Worldwide U-Ship creates a new unit, Advanced Courier Services
Consolidated Delivery & Logistics acquires third company in three months
South Korea to merge ailing guarantee insurers
Floods take heavy toll on Bangladesh tea industry

Transportation

US freight forwarders make drive into Europe
Rail agency realigns brake rule proposals
Reefer vessel to be scrapped after 9 months stuck in Hawaii
End may be near for Philippine Air
Agricultural showdown: Police stop Canadian trucks in pricing dispute
Trans-Atlantic Conference argues against EU fines
Air India, Indian Airlines to be privatized in a year

Maritime

Two maritime groups lambaste move to limit liability on Panama Canal
Keppel, Hitachi Zosen link to pursue Asian projects, shipbuilding
Two lines start service to Israel
Guam files new complaint claiming carrier overcharges
US port roundup

	web site

EU Refuses to Exempt TACA, Fines Its Members 'K' Line, Yangming Enhance Asia/Europe Services EU Declares Italy's Planned Airline Shareout at Milan Illegal

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La CNMV registra el folleto informativo de Azkar para salir a Bolsa Naviera Pinillos sale de los números rojos Nuevas instalaciones de MRW en Barcelona Finanzauto vende 440 millones de productos italianos OMG Acuerdo de las navieras CMA-CGM y Norasia Line para compartir flota ENS explotará el servicio ferroviario nocturno bajo el Canal de la Mancha

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Hegde announces new package for trading houses Stage set for easier technology imports Guidelines soon for major ports on marine pollution KPT-Indian Rlys JV for gauge conversion cleared Forbes opens Travel Division at Kochi S. C. Chemicals bags 'Best Castor Oil Exporters Award' Textile mills upset by cotton exports Global network of cargo centres for perishables being readied SAL Scheme for electronic items export notified Ispat to set up captive jetty at Vizag R409a viable alternative to R12 reefers: IICL Air cargo export to Russia at virtual standstill RIL among three shortlisted for Hazira port project

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A 15 compagnie di navigazione del consorzio Taca la pi' alta multa (530 miliardi) mai decisa da Bruxelles La scure Ue sul cartello dei container A pieni giri i lavori nello scalo laziale in vista del 2000 - Incrementi record di merci e passeggeri Civitavecchia accelera con il Giubileo La Nai riprende il largo con due maxinavi coreane Salerno punta sul business delle crociere

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SEPTEMBER 7, 1998
Tanjung Perak's competitive edge Growth in empties at European ports FANAL vessels aggravate overcapacity Alliance on Asia-Europe Matson cuts Hawaii calls

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SEPTEMBER 1, 1998
New era begins in ShanghaiCNC Sep 01, 1998 Blyth spirit for OOCL in Baltic COSCO steps up Atlantic trade Shanghai added to PSA port list Rivals move closer together

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Bidvest increases equity stake in Safren to 17% SOUTH African industrial holdings company Bidvest has taken advantage of transport group Safren's low share price in recent months to increase its stake to 17%. Lloyd's cuts 300 support staff jobs Some 300 jobs are to go at the Corporation of Lloyd's in a shake-up designed to save '10m ($16.6m) at Lloyd's Insurance Services business unit. Box sector battles a Latin lurch CONTAINER shipping experts are nervously contemplating Latin America's struggle to fend off financial downturn. Carnival enjoys profits party THE remarkable profit record of Carnival Corporation, the world's largest cruise shipping group, looks set to continue for the rest of this year and into 1999. Philippines rethinks port modernisation The Philippines is re-evaluating its ambitious Peso500bn ($11.6bn) long term public ports modernisation programme because of funding difficulties. PAL to shut down after collapse of union negotiations Flag carrier Philippine Airlines (PAL) announced yesterday that it would cease operations beginning midnight September 23 The airline board of directors decided on closure following the the breakdown of negotiations between man agement and the airline's labour unions.

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SEPTEMBER 17, 1998
Evergreen boxboat collides with HUAL car carrier A CONTAINERSHIP operated by Evergreen was in collision with a HUAL car carrier in Singapore waters this morning, according to local maritime authorities. Keppel sells US boatbuilder for $3m SINGAPORE'S Keppel Marine Industries (KMI) today announced the disposal of its US sail boat building subsidiary, Pacific Seacraft Corp (PSC), for $3m. PPECB steps back from shipping arrangements SOUTH African fruit exporters are being allowed to make their own shipping arrangements directly with container lines. Thailand rejects shipper pressure on charges THAILAND'S government has rejected calls from local shippers to pass clauses in the Thai Maritime Law that would limit ship operators' ability to raise charges. Evoikos master to be released on September 21 MICHAEL Chalkitis, the Greek master of the Evoikos, which was in collision with the vlcc Orapin Global, is to be released from prison in Singapore on September 21. Indian customs strike threatens cargo movements A STRIKE by customs clerical staff, in opposition to the introduction of a new electronic data interchange, threatens to stall cargo movements in Chennai. Port Louis terminal to open next month THE greenfield site container terminal at Port Louis on the Indian Ocean island of Mauritius is planned to be inaugurated next month. Baltic launches new information exchange THE Baltic Exchange is setting up an internet-based information exchange. Australian builders look to south-east Asia TWO Australian shipbuilders are conducting a feasibility study into establishing marine engineering and industry training centres in the Philippines and Vietnam. Lloyd Werft lands major Birka refit ÅLAND islands-based shipping group Birka Line is to send its cruiseship Birka Princess to Lloyd Werft in Germany for a Fmk120m ($22m) refit. Foschi slams Med port standards COSTA Crociere ceo Pierluigi Foschi has slammed Mediterranean ports, saying they are not ready for a 15 per cent rise in passenger throughput. NCL to use Seattle as hub port in 2000 MIAMI-based Norwegian Cruise Line has announced that it will begin using Seattle as its home port for its summer cruises to Alaska in 2000. IACS to publicise suspended ships IACS is working towards greater transparency by providing information which would benefit those interested in safe shipping, according to its permanent secretary. Australian customs standards come under fire AUSTRALIA'S law enforcement standards for preventing shipborne contraband have taken centre stage in the nation's general election campaign. Carnival lifts income despite Ecstacy withdrawal CARNIVAL Corp lifted net income in the three months to August 31 to $344.8m on revenues of $1.06bn, despite having Ecstacy out of service from July 20 to September 16. Knapp triggers P&O Nedlloyd strike ballot UK union leader Jimmy Knapp has triggered a strike ballot in reaction to P&O Nedlloyd's redundancy notice to 300 ratings.

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La TACA ne s'incline pas devant l'amende de 10,9 mia. de BEF Comme nous l'annoncions dans notre édition précédente, la Commission européenne a imposé de grosses amendes aux membres et ex-membres de la Trans Atlantic Conference Agreement (TACA). Quelque 15 armements se sont vu confrontés à des amendes allant de 6,88 mio. d'ecu à 27,5 mio. d'ecu. P&O et Nedlloyd n'ayant pas encore fusionné du temps des infractions aux réglementations européennes, P&O Nedlloyd est aujourd'hui en tête du classement, avec une amende commune de 41,26 mio. d'ecu. Le président de la TACA, Olaf Rakkenes, a fortement critiqué le verdict de la Commission; le secrétaire général du European Shippers' Council (ESC), Chris Welsh, l'applaudit. Le Parlement européen plaide pour une norme de sécurité uniforme pour les ferries et navires à grande vitesse Le Parlement européen discutera fin de la semaine à Strasbourg le rapport de son délégué britannique Mark Francis Watts de la commission au Transport concernant la proposition du conseil européen des ministres en matière de conditions pour l'exploitation de services réguliers par des ferries et des unités à passagers à grande vitesse dans l'UE. Le Conseil des Transports donne la priorité à la directive Eurovignette et à l'accord de transit avec la Suisse Le ministre autrichien des Transports Caspar Einem, également président en fonction du Conseil européen des ministres des Transports, dit avoir constaté "un grand degré d'harmonie" auprès de ses collègues en ce qui concerne la nécessité de prendre des mesures efficaces contre les conséquence néfastes du transport routier pour l'environnement.

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Patrick claims productivity boost Patrick yesterday claimed new productivity levels, despite the fact that the dispute over crane chasers has spread from Container Terminals Australia Ltd to its facilities. Responding to claims of low morale levels, Patrick director Bill Clayton said yesterday two gangs which worked aboard the containership Liao He at Port Botany on Wednesday evening achieved rates of 27.5 and 24 containers respectively. Rates as high as 27.5 have rarely been heard of in Sydney before and, according to the company are a direct result of its new enterprise agreement which came into force on Monday. Police lash road rogues The Australian trucking industry was this week again lashed for its poor road safety record and urged to make dramatic changes to its culture to reduce fatigue-related road trauma involving trucks. At the Fatigue in Transport seminar in Melbourne, Victoria Police spokesman Roger Sanders argued it was up to the owners and manager of Australia's 15,000 trucking companies to take responsibility for their drivers' on-road behaviour. Inspector Sanders, who last month received the Australian Freight Industry 1998 Safety Award for road safety work, said disturbing road toll statistics continued to prove that truck drivers were flouting the laws and that employers needed to change their work practices and attitude. Ansett reassures on freight Ansett Air Freight has assured Tasmanian freight customers that twice daily dedicated freighter services into and out of the state will be untouched, despite Ansett Australia's announcement on Wednesday it was withdrawing services to Tasmania. The freight division of Ansett also confirmed yesterday that other dedicated freighter services along the airline's eastern Australian regional route network would also continue and be unaffected by Ansett's proposed overhaul of its loss-making passenger services. "There is very little effect on the freight side," a spokesman for Ansett's domestic air freight operation told DCN. "If anything, it will enhance the services that we provide because there will be more frequency of flights." Harradine wants air subsidy Ansett's announcement that it will progressively replace its services to Tasmania with those operated by subsidiary, Kendell Airlines, highlighted the need for "drastic action" to encourage more travellers to cross Bass Strait by air, according to Independent Tasmanian Senator, Brian Harradine. Ansett announced on Wednesday that it would withdraw all its regional services in eastern Australia over three years while Kendell spends around $300 million on 12 new 50-seater aircraft to service the affected routes including Melbourne-Launceston, Melbourne-Hobart, Canberra-Sydney, Canberra-Melbourne and Canberra-Brisbane

web site

Feature

Secure container transport. Security in the transport of goods has always been a problem, and sophisticated techniques are required today to ensure safe arrival.

Maritime

Norasia Line is resuming direct calls at the port of Hamburg.
Yangming upgrades its North Sea-USA-Israel service.
Andrew Weir Shipping/Mac Andrews offers Rotterdam-Bilbao link.
Pro Line and Neptunia launch a new South American breakbulk service.
Maersk operates Far East-Australia service alone with Cho Yang as slotcharterer, and upgrades West Africa and Caribbean services.
Fesco and Contship cooperate between the USA and Australia.
Sea-Land serves Israel.
DFDS posts improved profits again.
Brussels: decision to fine Taca. A decision by the European Commission to impose fines of ECU 273 million on the members of Taca is meeting a mixed reception.
Egon Oldendorff intends to acquire Hoegh Lines plus four vessels.
Exports of South African perishables may be arranged direct with Saecs.
Shipping lines will talk about a discussion agreement to replace Taca.

Ports and Terminals

Auckland posted higher results in fiscal 1998 and buys a mobile crane.
ABP records a good half year.
Antwerp and Zeebrugge agree to form an economic interest group.
The first phase of Marseilles Distriport is open for business, after a number of delays.

Forwarding

Wilson Group is acquiring 50% of Combined Logistics (India).
Union-Transport purchases Per Transport in Italy.
Schenker has officially opened its new logistics centre in Singapore.

Aviation

Virgin adds a second weekly freighter to Australia, and plans scheduled flights to the Caribbean.
TMA launches flights to Shanghai.
UPS starts flights to Paris and South America, and also announces a round-the-world service.
Formation of the British Cargo Airline Alliance. The new air cargo alliance in the UK comprises Air Foyle, Channel Express, HeavyLift Cargo Airlines and Atlantic Airlines.
Swiss World Airways, a new Swiss international carrier, takes off.
Globe Air Services acts as general sales agent for Challenge Air Cargo.
DHL and Martinair cooperate between Europe and East Africa.
The AEA warns that although 1997 was an excellent year, airlines are still vulnerable to economic changes.

web site

Feature

Secure container transport. Security in the transport of goods has always been a problem, and sophisticated techniques are required today to ensure safe arrival.

Maritime

Norasia Line is resuming direct calls at the port of Hamburg.
Yangming upgrades its North Sea-USA-Israel service.
Andrew Weir Shipping/Mac Andrews offers Rotterdam-Bilbao link.
Pro Line and Neptunia launch a new South American breakbulk service.
Maersk operates Far East-Australia service alone with Cho Yang as slotcharterer, and upgrades West Africa and Caribbean services.
Fesco and Contship cooperate between the USA and Australia.
Sea-Land serves Israel.
DFDS posts improved profits again.
Brussels: decision to fine Taca. A decision by the European Commission to impose fines of ECU 273 million on the members of Taca is meeting a mixed reception.
Egon Oldendorff intends to acquire Hoegh Lines plus four vessels.
Exports of South African perishables may be arranged direct with Saecs.
Shipping lines will talk about a discussion agreement to replace Taca.

Ports and Terminals

Auckland posted higher results in fiscal 1998 and buys a mobile crane.
ABP records a good half year.
Antwerp and Zeebrugge agree to form an economic interest group.
The first phase of Marseilles Distriport is open for business, after a number of delays.

Forwarding

Wilson Group is acquiring 50% of Combined Logistics (India).
Union-Transport purchases Per Transport in Italy.
Schenker has officially opened its new logistics centre in Singapore.

Aviation

Virgin adds a second weekly freighter to Australia, and plans scheduled flights to the Caribbean.
TMA launches flights to Shanghai.
UPS starts flights to Paris and South America, and also announces a round-the-world service.
Formation of the British Cargo Airline Alliance. The new air cargo alliance in the UK comprises Air Foyle, Channel Express, HeavyLift Cargo Airlines and Atlantic Airlines.
Swiss World Airways, a new Swiss international carrier, takes off.
Globe Air Services acts as general sales agent for Challenge Air Cargo.
DHL and Martinair cooperate between Europe and East Africa.
The AEA warns that although 1997 was an excellent year, airlines are still vulnerable to economic changes.

web site

Feature

Secure container transport. Security in the transport of goods has always been a problem, and sophisticated techniques are required today to ensure safe arrival.

Maritime

Norasia Line is resuming direct calls at the port of Hamburg.
Yangming upgrades its North Sea-USA-Israel service.
Andrew Weir Shipping/Mac Andrews offers Rotterdam-Bilbao link.
Pro Line and Neptunia launch a new South American breakbulk service.
Maersk operates Far East-Australia service alone with Cho Yang as slotcharterer, and upgrades West Africa and Caribbean services.
Fesco and Contship cooperate between the USA and Australia.
Sea-Land serves Israel.
DFDS posts improved profits again.
Brussels: decision to fine Taca. A decision by the European Commission to impose fines of ECU 273 million on the members of Taca is meeting a mixed reception.
Egon Oldendorff intends to acquire Hoegh Lines plus four vessels.
Exports of South African perishables may be arranged direct with Saecs.
Shipping lines will talk about a discussion agreement to replace Taca.

Ports and Terminals

Auckland posted higher results in fiscal 1998 and buys a mobile crane.
ABP records a good half year.
Antwerp and Zeebrugge agree to form an economic interest group.
The first phase of Marseilles Distriport is open for business, after a number of delays.

Forwarding

Wilson Group is acquiring 50% of Combined Logistics (India).
Union-Transport purchases Per Transport in Italy.
Schenker has officially opened its new logistics centre in Singapore.

Aviation

Virgin adds a second weekly freighter to Australia, and plans scheduled flights to the Caribbean.
TMA launches flights to Shanghai.
UPS starts flights to Paris and South America, and also announces a round-the-world service.
Formation of the British Cargo Airline Alliance. The new air cargo alliance in the UK comprises Air Foyle, Channel Express, HeavyLift Cargo Airlines and Atlantic Airlines.
Swiss World Airways, a new Swiss international carrier, takes off.
Globe Air Services acts as general sales agent for Challenge Air Cargo.
DHL and Martinair cooperate between Europe and East Africa.
The AEA warns that although 1997 was an excellent year, airlines are still vulnerable to economic changes.

web site

Feature

Secure container transport. Security in the transport of goods has always been a problem, and sophisticated techniques are required today to ensure safe arrival.

Maritime

Norasia Line is resuming direct calls at the port of Hamburg.
Yangming upgrades its North Sea-USA-Israel service.
Andrew Weir Shipping/Mac Andrews offers Rotterdam-Bilbao link.
Pro Line and Neptunia launch a new South American breakbulk service.
Maersk operates Far East-Australia service alone with Cho Yang as slotcharterer, and upgrades West Africa and Caribbean services.
Fesco and Contship cooperate between the USA and Australia.
Sea-Land serves Israel.
DFDS posts improved profits again.
Brussels: decision to fine Taca. A decision by the European Commission to impose fines of ECU 273 million on the members of Taca is meeting a mixed reception.
Egon Oldendorff intends to acquire Hoegh Lines plus four vessels.
Exports of South African perishables may be arranged direct with Saecs.
Shipping lines will talk about a discussion agreement to replace Taca.

Ports and Terminals

Auckland posted higher results in fiscal 1998 and buys a mobile crane.
ABP records a good half year.
Antwerp and Zeebrugge agree to form an economic interest group.
The first phase of Marseilles Distriport is open for business, after a number of delays.

Forwarding

Wilson Group is acquiring 50% of Combined Logistics (India).
Union-Transport purchases Per Transport in Italy.
Schenker has officially opened its new logistics centre in Singapore.

Aviation

Virgin adds a second weekly freighter to Australia, and plans scheduled flights to the Caribbean.
TMA launches flights to Shanghai.
UPS starts flights to Paris and South America, and also announces a round-the-world service.
Formation of the British Cargo Airline Alliance. The new air cargo alliance in the UK comprises Air Foyle, Channel Express, HeavyLift Cargo Airlines and Atlantic Airlines.
Swiss World Airways, a new Swiss international carrier, takes off.
Globe Air Services acts as general sales agent for Challenge Air Cargo.
DHL and Martinair cooperate between Europe and East Africa.
The AEA warns that although 1997 was an excellent year, airlines are still vulnerable to economic changes.

web site

Feature

Secure container transport. Security in the transport of goods has always been a problem, and sophisticated techniques are required today to ensure safe arrival.

Maritime

Norasia Line is resuming direct calls at the port of Hamburg.
Yangming upgrades its North Sea-USA-Israel service.
Andrew Weir Shipping/Mac Andrews offers Rotterdam-Bilbao link.
Pro Line and Neptunia launch a new South American breakbulk service.
Maersk operates Far East-Australia service alone with Cho Yang as slotcharterer, and upgrades West Africa and Caribbean services.
Fesco and Contship cooperate between the USA and Australia.
Sea-Land serves Israel.
DFDS posts improved profits again.
Brussels: decision to fine Taca. A decision by the European Commission to impose fines of ECU 273 million on the members of Taca is meeting a mixed reception.
Egon Oldendorff intends to acquire Hoegh Lines plus four vessels.
Exports of South African perishables may be arranged direct with Saecs.
Shipping lines will talk about a discussion agreement to replace Taca.

Ports and Terminals

Auckland posted higher results in fiscal 1998 and buys a mobile crane.
ABP records a good half year.
Antwerp and Zeebrugge agree to form an economic interest group.
The first phase of Marseilles Distriport is open for business, after a number of delays.

Forwarding

Wilson Group is acquiring 50% of Combined Logistics (India).
Union-Transport purchases Per Transport in Italy.
Schenker has officially opened its new logistics centre in Singapore.

Aviation

Virgin adds a second weekly freighter to Australia, and plans scheduled flights to the Caribbean.
TMA launches flights to Shanghai.
UPS starts flights to Paris and South America, and also announces a round-the-world service.
Formation of the British Cargo Airline Alliance. The new air cargo alliance in the UK comprises Air Foyle, Channel Express, HeavyLift Cargo Airlines and Atlantic Airlines.
Swiss World Airways, a new Swiss international carrier, takes off.
Globe Air Services acts as general sales agent for Challenge Air Cargo.
DHL and Martinair cooperate between Europe and East Africa.
The AEA warns that although 1997 was an excellent year, airlines are still vulnerable to economic changes.

	web site

What's hot and what's not THE VOLATILE WORLD OF SHIPPING is living up to its reputation. The bottom has fallen out of the VLCC market while shipbuilding may be showing signs of a revival. Plummeting share values are leaving stocklisted tanker companies undervalued and the prospect of hostile takeover bids is growing. However, in the midst this turbulence a few bold owners are making strategic moves. Some are building up their share portfolios while others are moving to take advantage of low newbuilding prices, giving struggling shipbuilders a much needed fillip. See pages 4, 5, 6 & 7 in addition to main link. Rounding up frauds ITF goes to Brazil Chen clan Scrapping prices fall Mixed bag at Osprey