NDX, a German venture that included US-based CSX, disappears on Sept. 1
S. Korea strike tensions rise as 15,000 riot police again approach factory gates
Dell Computer starts phone, Web sales in China
Ex-Yeltsin adviser: It will be two to three years before Russia can borrow again
Manufacturing, construction executives differ on three-month outlook
Air France stock offering could be delayed
Floods swamp China's biggest oil field
Canada, auto union vow to fight EU complaint to WTO
British Aerospace admits secret talks with Libya
S. Korea says it won't bow to US on auto tariffs
Mexico economy shows signs of coming slowdown
US slams Japan on barriers to film imports
UN: Prostitution's economic value rises for Southeast Asia amid financial crisis
Transportation
Mexico-US truck talks to go another round
Brazilian airports reel as Customs workers strike
Union Pacific buys back 107-mile Kansas rail line
BAe acknowledges contact with Libyan intermediary
Amtrak hit with another discrimination suit
Maritime
TACA lines unfazed by EU threat, say court will overturn fines
5,000 pounds of cocaine nabbed on ship
The maritime industry, beset by dates for equipment and cargo pickups, payments, maintenance, bookings, arrivals and discharges, is in for a direct hit from the . . .
NDX, a German venture that included US-based CSX, disappears on Sept. 1
S. Korea strike tensions rise as 15,000 riot police again approach factory gates
Dell Computer starts phone, Web sales in China
Ex-Yeltsin adviser: It will be two to three years before Russia can borrow again
Manufacturing, construction executives differ on three-month outlook
Air France stock offering could be delayed
Floods swamp China's biggest oil field
Canada, auto union vow to fight EU complaint to WTO
British Aerospace admits secret talks with Libya
S. Korea says it won't bow to US on auto tariffs
Mexico economy shows signs of coming slowdown
US slams Japan on barriers to film imports
UN: Prostitution's economic value rises for Southeast Asia amid financial crisis
Transportation
Mexico-US truck talks to go another round
Brazilian airports reel as Customs workers strike
Union Pacific buys back 107-mile Kansas rail line
BAe acknowledges contact with Libyan intermediary
Amtrak hit with another discrimination suit
Maritime
TACA lines unfazed by EU threat, say court will overturn fines
5,000 pounds of cocaine nabbed on ship
The maritime industry, beset by dates for equipment and cargo pickups, payments, maintenance, bookings, arrivals and discharges, is in for a direct hit from the . . .
NDX, a German venture that included US-based CSX, disappears on Sept. 1
S. Korea strike tensions rise as 15,000 riot police again approach factory gates
Dell Computer starts phone, Web sales in China
Ex-Yeltsin adviser: It will be two to three years before Russia can borrow again
Manufacturing, construction executives differ on three-month outlook
Air France stock offering could be delayed
Floods swamp China's biggest oil field
Canada, auto union vow to fight EU complaint to WTO
British Aerospace admits secret talks with Libya
S. Korea says it won't bow to US on auto tariffs
Mexico economy shows signs of coming slowdown
US slams Japan on barriers to film imports
UN: Prostitution's economic value rises for Southeast Asia amid financial crisis
Transportation
Mexico-US truck talks to go another round
Brazilian airports reel as Customs workers strike
Union Pacific buys back 107-mile Kansas rail line
BAe acknowledges contact with Libyan intermediary
Amtrak hit with another discrimination suit
Maritime
TACA lines unfazed by EU threat, say court will overturn fines
5,000 pounds of cocaine nabbed on ship
The maritime industry, beset by dates for equipment and cargo pickups, payments, maintenance, bookings, arrivals and discharges, is in for a direct hit from the . . .
P&O Nedlloyd profit slumps P&O Nedlloyd reported a downturn in second quarter profits yesterday as the impact of the Asian crisis hit revenue.
Fatalities on fishing vessels increasing Accidents to fishing vessels were prominent in the 1997 annual report of the UK Marine Accident Investigation Branch, published yesterday by the Department of the Environ-ment, Transport and the Regions.
Charter market in freefall The slump in containership charter rates has accelerated in recent weeks, with the seasonal summer low compounded by worsening sentiment as rationalisation of the liner shipping industry continues.
Canada is facing poor crop year AN ailing world economy and an average harvest back home will leave Canada facing a disappointing crop year, the president of Cargill's Canada unit said.
Mundra joint sector greenfield venture set for October start-up MUNDRA a joint sector port being built in a coastal village in Gujarat state, some 40 kilometres from the major port of Kandla, will be ready for operations by mid-October this year.
Danzas in Roche Pharma contract Roche Pharma Switzerland has appointed the Basle-based logistics group Danzas to take over its worldwide distribution logistics.
Row over finance for Korea LNG contracts nears end THE bitter controversy over financing for a tranche of LNG ships being built in Korea is moving towards a compromise that will allow local banks to lift their freeze on advances to shipbuilders.
IM net profits increase Dutch group Internatio-Muller has posted a 15.6% increase in net profit from Fls52.7m ($26m) at the half-year stage last year to Fls60.9m this year.
Interest grows in Constantza terminal INTEREST in the Romanian port of Constantza's plans to develop the first phase of a major container terminal has heightened in recent months.
Leghorn surcharge 'illegal' ITALY's Administrative Court has accepted an appeal that Leghorn Port Authority had been illegally applying a small surcharge on each passenger and car.
Shanghai opens hub challenger SHANGHAI inaugurated its showcase Shanghai International Shipping Service Centre on August 18 to further its drive to establish itself as an Asian shipping hub.
Pan-United's profits fall SINGAPORE'S diversified Pan-United Corp has announced a 69 per cent increase in its first half turnover, but profits slumped ten per cent.
MAIB report highlights fatigue problem FATIGUE among seafarers has been highlighted as an area of major concern in the 1997 report of the UK's Marine Accident Investigation Branch.
Henneman to face fraud charges BREMEN public prosecutors are to charge former Bremer Vulkan chairman Friedrich Hennemann with fraud, according to German media reports.
P&O Nedlloyd results hit by Asian crisis SECOND quarter operating profit at P&O Nedlloyd Container Line fell heavily from $36m in 1997 to $22m this year, driven lower by weaker revenue and the impact of the Asian crisis.
New Indian port to open in October A NEW port being built at Mundra in the western Indian province of Gujarat is due to start operations in October when the construction of two jetties is completed.
Drugs found on Carib Ocean vessel MORE than 2,300 kg of cocaine was found by Miami authorities in a container on a Panama-flagged vessel operated by Carib Ocean Shipping
Suez bridge contract goes to Japan A CONTRACT to build a bridge over the Suez Canal has been awarded to a consortium of two Japanese companies.
Keppel gets first-half boost SINGAPORE'S marine construction specialist Keppel Fels has recorded a 12 per cent increase in first half net earnings of S$12.5m ($7m).
China accuses US of discrimination CHINA has accused the US of repeatedly discriminating against its shipping companies.
Captain denies conspiracy with Tigers THE Indian master of a ship hijacked by Tamil Tiger rebels and bombed by Sri Lankan air force jets has denied he connived with the rebels to supply them with banned goods.
P&O Ned's Dutch crews threaten to strike SEAFARERS on Dutch-flagged P&O Nedlloyd ships are threatening to strike to underline their demands for a new collective labour agreement.
La crise asiatique affecte les résultats de P&O Nedlloyd La crise économique asiatique continue à peser sur les résultats du groupe maritime P&O Nedlloyd. Avec 22 mio. de USD au cours du second trimestre, le résultat d'exploitation est de 14 mio. inférieur à celui réalisé au cours du second trimestre de 1997. Le groupe a subi une perte de 4 mio. de USD au cours de la première moitié de l'année, contre un bénéfice de 5 mio. de USD au cours de la même période de l'année dernière. Le groupe ne s'attend pas à une solution rapide de la crise et ne souhaite pas s'aventurer à des prévisions sur le résultat de l'année comptable 1998.
L'accord SCL-Delmas sur la COA serait probablement adapté... Ce vendredi, les états-majors des armements Delmas et SCL se retrouvent pour faire le point au sujet de leur accord de coopération sur la route Europe-Afrique de l'Ouest. Il ne s'agit en aucune manière de le dénoncer, comme le laissent sous-entendre certaines revues spécialisées françaises. Le président de Delmas, Yves Barraquant, nous a d'ailleurs confirmé que la coopération restait toujours l'objectif poursuivi, tant en ce qui concerne la desserte de l'Afrique de l'Ouest que d'autres développements ultérieurs. Ceci étant, notre interlocuteur nous a confirmé que l'accord en question n'avait pas été aussi loin qu'initialement souhaité, comme par exemple la création d'une société conjointe pour l'exploitation de containers et la gestion de la logistique, ainsi cela avait été envisagé au début de 1997.
Panalpina a été le plus grand agent IATA européen en 1997 Selon un classement d'Air Cargo News, le groupe suisse Panalpina a été le meilleur agent IATA européen en 1997. Cette publication bihebdomadaire s'est basée sur les chiffres du système IATA CASS, qui seraient beaucoup plus fiables que les chiffres notifiés par les agents par le passé.
Lancement prochain de la première phase du centre pour camions à l'Eilandje Le projet d'implantation d'un centre pour camions dans la partie sud-est du port d'Anvers, entre le quai septentrional du bassin de la Campine et le quai occidental du bassin d'Asie, prend enfin forme. Tout prochainement va commencer le damage du terrain de 25.000 m2 tandis que l'adjudication pour la construction du centre sera effectuée aujourdh'ui. Pour le moment, c'est l'Entreprise portuaire autonome d'Anvers qui supporte les coûts. Les investisseurs privés n'ont pas été trouvés jusqu'à présent.
ACCC: No intention of dropping MUA case The chances of a return to chaos on the waterfront rose yesterday with the Australian Competition and Consumer Commission claiming it had no intention at this stage of dropping its legal action against the Maritime Union of Australia (MUA). ACCC chairman Professor Allan Fels hit back at claims that his ego was blocking the final step in locking in the peace on the Australian waterfront, saying he was only acting according to the law. Legal action by the ACCC and the Melbourne Port Corporation, alleging that the MUA breached secondary boycott provisions of the Trade Practices Act during its dispute with Patrick, remains the last hurdle to the implementation of a peace deal.
Heavy trucks face charges hike Australia's biggest trucks do not "pay their way" and should pay up to 40 per cent more in heavy vehicle registration charges to reflect the damage they cause to roads, according to the National Road Transport Commission. The NRTC yesterday released proposals for new national road user charges for heavy trucks for comment. It conceded that the current charging system was flawed and that Australia's heaviest trucks, or about 18 per cent of the heavy truck fleet over 4.5 tonnes, were failing to pay for road damage costs they incurred. Under the proposed changes, operators of the heaviest trucks on Australia's roads will be the worst affected, with the registration fees of B-doubles and road trains proposed to jump about 25 per cent.
Lobby groups come out fighting Trucking lobby groups yesterday vowed to vigorously oppose the NRTC's proposed second round of road user charges for heavy trucks, arguing that they already paid more than fair share. Rail lobby groups also attacked the proposals, but described the new increased charges for the heaviest trucks as "manifestly inadequate" for the recovery of damage to roads caused by these trucks. The Road Transport Forum and NatRoad Limited both came out guns blazing after the release of the NRTC's draft policy paper on new charges yesterday.
Record profit, but Qantas warns Despite major cutbacks to services in South Korea, Japan, Indonesia and Thailand, flagship carrier Qantas yesterday posted a record $304.8 million net profit for 1997-98, up 20.7 per cent. International revenues declined 2.3 per cent over the previous year because of the Asian turmoil, but international freight performance remained strong, with revenue growth of eight per cent. However, Qantas warned that the Asia situation would affect future profitability and said indications were that it would be "hard to match" the result in 1998-99.
Oakajee shortlist, but no project The Western Australian government has short-listed four companies to build, own and operate a proposed deepwater port at Oakajee, north of Geraldton, but it is yet to secure a crucial major customer for the project. The consortia of international and local companies includes a group led by the ANZ Investment Bank known as the Mid West Ports Consortium, the Oakajee Port Group consisting of Infratil Australia Limited and Clough Engineering Limited, a consortium led by John Holland Construction and Engineering Pty Ltd and Thyssen Rhienstahl Technik GmbH and the Thiess Transroute Consortium involving Thiess Constractors Pty Ltd and Transroute International.
Meeting Point Sydney. This year's Fiata world congress in Sydney will be held under the motto "The freight forwarder - logistics solutions through technology".
Maritime
CMA-CGM and Norasia have signed a cooperation agreement.
Maersk now offers direct sailings to Muscat within its AE3 service.
Matson has reorganised its services to Hawaii.
OOIL is in the red, but hopes for improvement before the end of the year.
Canmar is taking delivery of two newbuildings to serve Montreal.
SeaContainers has reported improved results for the second quarter.
D'Amico di Navigazione is buying state-run Italia di Navigazione. The latter will continue operating under its old name.
The Brussels Tanker Event will take place on October 12-15, 1998.
The 32nd meeting of the SMGD will be held on Malta on September 15 and 16.
Ports and Terminals
The German Port of Rostock is further strengthening its position.
Three ports have been shortlisted to upgrade and operate the port of Chennai.
Melbourne has become the first Aussie port to pass the 1 million TEU mark for annual TEU throughput.
Forwarding
NH-Trans increased its profit last year.
VDH ties new links with Canada.
Ocean group shows growth in its interim report.
AEI's second quarter results were below expectations.
Nittsu has a new warehouse in Jakarta.
Logistics Asia will take place in Singapore on October 14 to 16.
Aviation
BA starts daily flights between Gatwick and Denver.
Air China has started a fifth weekly China-Paris flight.
NWA reorganises its Asian routes.
Air New Zealand plans to introduce weekend Auckland-Singapore flights.
BM now operates daily flights from Heathrow to Warsaw.
Consolidators International Inc (CII) and International Cargo Marketing (ICM) now offer a joint service between the UK and Australia/New Zealand.
DAS's flight between Entebbe and Bangkok has proved to be a success.
Tower Group is taking off.
Sky Rep sells AOM cargo in Switzerland.
Ups and down at SAS impact second quarter results.
Meeting Point Sydney. This year's Fiata world congress in Sydney will be held under the motto "The freight forwarder - logistics solutions through technology".
Maritime
CMA-CGM and Norasia have signed a cooperation agreement.
Maersk now offers direct sailings to Muscat within its AE3 service.
Matson has reorganised its services to Hawaii.
OOIL is in the red, but hopes for improvement before the end of the year.
Canmar is taking delivery of two newbuildings to serve Montreal.
SeaContainers has reported improved results for the second quarter.
D'Amico di Navigazione is buying state-run Italia di Navigazione. The latter will continue operating under its old name.
The Brussels Tanker Event will take place on October 12-15, 1998.
The 32nd meeting of the SMGD will be held on Malta on September 15 and 16.
Ports and Terminals
The German Port of Rostock is further strengthening its position.
Three ports have been shortlisted to upgrade and operate the port of Chennai.
Melbourne has become the first Aussie port to pass the 1 million TEU mark for annual TEU throughput.
Forwarding
NH-Trans increased its profit last year.
VDH ties new links with Canada.
Ocean group shows growth in its interim report.
AEI's second quarter results were below expectations.
Nittsu has a new warehouse in Jakarta.
Logistics Asia will take place in Singapore on October 14 to 16.
Aviation
BA starts daily flights between Gatwick and Denver.
Air China has started a fifth weekly China-Paris flight.
NWA reorganises its Asian routes.
Air New Zealand plans to introduce weekend Auckland-Singapore flights.
BM now operates daily flights from Heathrow to Warsaw.
Consolidators International Inc (CII) and International Cargo Marketing (ICM) now offer a joint service between the UK and Australia/New Zealand.
DAS's flight between Entebbe and Bangkok has proved to be a success.
Tower Group is taking off.
Sky Rep sells AOM cargo in Switzerland.
Ups and down at SAS impact second quarter results.
Meeting Point Sydney. This year's Fiata world congress in Sydney will be held under the motto "The freight forwarder - logistics solutions through technology".
Maritime
CMA-CGM and Norasia have signed a cooperation agreement.
Maersk now offers direct sailings to Muscat within its AE3 service.
Matson has reorganised its services to Hawaii.
OOIL is in the red, but hopes for improvement before the end of the year.
Canmar is taking delivery of two newbuildings to serve Montreal.
SeaContainers has reported improved results for the second quarter.
D'Amico di Navigazione is buying state-run Italia di Navigazione. The latter will continue operating under its old name.
The Brussels Tanker Event will take place on October 12-15, 1998.
The 32nd meeting of the SMGD will be held on Malta on September 15 and 16.
Ports and Terminals
The German Port of Rostock is further strengthening its position.
Three ports have been shortlisted to upgrade and operate the port of Chennai.
Melbourne has become the first Aussie port to pass the 1 million TEU mark for annual TEU throughput.
Forwarding
NH-Trans increased its profit last year.
VDH ties new links with Canada.
Ocean group shows growth in its interim report.
AEI's second quarter results were below expectations.
Nittsu has a new warehouse in Jakarta.
Logistics Asia will take place in Singapore on October 14 to 16.
Aviation
BA starts daily flights between Gatwick and Denver.
Air China has started a fifth weekly China-Paris flight.
NWA reorganises its Asian routes.
Air New Zealand plans to introduce weekend Auckland-Singapore flights.
BM now operates daily flights from Heathrow to Warsaw.
Consolidators International Inc (CII) and International Cargo Marketing (ICM) now offer a joint service between the UK and Australia/New Zealand.
DAS's flight between Entebbe and Bangkok has proved to be a success.
Tower Group is taking off.
Sky Rep sells AOM cargo in Switzerland.
Ups and down at SAS impact second quarter results.
Meeting Point Sydney. This year's Fiata world congress in Sydney will be held under the motto "The freight forwarder - logistics solutions through technology".
Maritime
CMA-CGM and Norasia have signed a cooperation agreement.
Maersk now offers direct sailings to Muscat within its AE3 service.
Matson has reorganised its services to Hawaii.
OOIL is in the red, but hopes for improvement before the end of the year.
Canmar is taking delivery of two newbuildings to serve Montreal.
SeaContainers has reported improved results for the second quarter.
D'Amico di Navigazione is buying state-run Italia di Navigazione. The latter will continue operating under its old name.
The Brussels Tanker Event will take place on October 12-15, 1998.
The 32nd meeting of the SMGD will be held on Malta on September 15 and 16.
Ports and Terminals
The German Port of Rostock is further strengthening its position.
Three ports have been shortlisted to upgrade and operate the port of Chennai.
Melbourne has become the first Aussie port to pass the 1 million TEU mark for annual TEU throughput.
Forwarding
NH-Trans increased its profit last year.
VDH ties new links with Canada.
Ocean group shows growth in its interim report.
AEI's second quarter results were below expectations.
Nittsu has a new warehouse in Jakarta.
Logistics Asia will take place in Singapore on October 14 to 16.
Aviation
BA starts daily flights between Gatwick and Denver.
Air China has started a fifth weekly China-Paris flight.
NWA reorganises its Asian routes.
Air New Zealand plans to introduce weekend Auckland-Singapore flights.
BM now operates daily flights from Heathrow to Warsaw.
Consolidators International Inc (CII) and International Cargo Marketing (ICM) now offer a joint service between the UK and Australia/New Zealand.
DAS's flight between Entebbe and Bangkok has proved to be a success.
Tower Group is taking off.
Sky Rep sells AOM cargo in Switzerland.
Ups and down at SAS impact second quarter results.
Meeting Point Sydney. This year's Fiata world congress in Sydney will be held under the motto "The freight forwarder - logistics solutions through technology".
Maritime
CMA-CGM and Norasia have signed a cooperation agreement.
Maersk now offers direct sailings to Muscat within its AE3 service.
Matson has reorganised its services to Hawaii.
OOIL is in the red, but hopes for improvement before the end of the year.
Canmar is taking delivery of two newbuildings to serve Montreal.
SeaContainers has reported improved results for the second quarter.
D'Amico di Navigazione is buying state-run Italia di Navigazione. The latter will continue operating under its old name.
The Brussels Tanker Event will take place on October 12-15, 1998.
The 32nd meeting of the SMGD will be held on Malta on September 15 and 16.
Ports and Terminals
The German Port of Rostock is further strengthening its position.
Three ports have been shortlisted to upgrade and operate the port of Chennai.
Melbourne has become the first Aussie port to pass the 1 million TEU mark for annual TEU throughput.
Forwarding
NH-Trans increased its profit last year.
VDH ties new links with Canada.
Ocean group shows growth in its interim report.
AEI's second quarter results were below expectations.
Nittsu has a new warehouse in Jakarta.
Logistics Asia will take place in Singapore on October 14 to 16.
Aviation
BA starts daily flights between Gatwick and Denver.
Air China has started a fifth weekly China-Paris flight.
NWA reorganises its Asian routes.
Air New Zealand plans to introduce weekend Auckland-Singapore flights.
BM now operates daily flights from Heathrow to Warsaw.
Consolidators International Inc (CII) and International Cargo Marketing (ICM) now offer a joint service between the UK and Australia/New Zealand.
DAS's flight between Entebbe and Bangkok has proved to be a success.
Tower Group is taking off.
Sky Rep sells AOM cargo in Switzerland.
Ups and down at SAS impact second quarter results.
Dry cargo hell Confidence in the dry cargo market is being eroded by growing fears that the damage caused by the Asian economic crisis means recovery is still a long way off. Prices for some second-hand bulkers have fallen to their lowest levels in 10 years but nervousness among buyers means few are willing to gamble that today s cut-price ship will be tomorrow s bargain. The effects are being felt elsewhere with cutbacks among brokers, companies seeking to renegotiate charters and mounting concern that Japanese owners are becoming overstretched.
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
