BRIEFS

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Shipping News

China gets loan to upgrade container movement inland
US$71m aid from World Bank likely to improve access to land-locked areas
Osprey and OMI to pool product tankers

Air and Land Transport

Chinese airlines launch frequent flyer programmes
Services for domestic flights aimed at building customer loyalty amid fierce competition
China to withdraw 71 old planes
Duesseldorf expanding airport
IBM, Nokia and Sabre in test runs of wireless phone for flight reservations
Shanghai airport's net profit surges 70%
Korean Air plane escapes mishap

Features

Keeping ahead of its rivals
Expansion plans include building an artificial island, airships, new rail links and underground driverless vehicles

Columns

Non-existence of ship owner no basis for denying liability

web site

Shipping News

China gets loan to upgrade container movement inland
US$71m aid from World Bank likely to improve access to land-locked areas
Osprey and OMI to pool product tankers

Air and Land Transport

Chinese airlines launch frequent flyer programmes
Services for domestic flights aimed at building customer loyalty amid fierce competition
China to withdraw 71 old planes
Duesseldorf expanding airport
IBM, Nokia and Sabre in test runs of wireless phone for flight reservations
Shanghai airport's net profit surges 70%
Korean Air plane escapes mishap

Features

Keeping ahead of its rivals
Expansion plans include building an artificial island, airships, new rail links and underground driverless vehicles

Columns

Non-existence of ship owner no basis for denying liability

web site

Shipping News

China gets loan to upgrade container movement inland
US$71m aid from World Bank likely to improve access to land-locked areas
Osprey and OMI to pool product tankers

Air and Land Transport

Chinese airlines launch frequent flyer programmes
Services for domestic flights aimed at building customer loyalty amid fierce competition
China to withdraw 71 old planes
Duesseldorf expanding airport
IBM, Nokia and Sabre in test runs of wireless phone for flight reservations
Shanghai airport's net profit surges 70%
Korean Air plane escapes mishap

Features

Keeping ahead of its rivals
Expansion plans include building an artificial island, airships, new rail links and underground driverless vehicles

Columns

Non-existence of ship owner no basis for denying liability

web site

Shipping News

China gets loan to upgrade container movement inland
US$71m aid from World Bank likely to improve access to land-locked areas
Osprey and OMI to pool product tankers

Air and Land Transport

Chinese airlines launch frequent flyer programmes
Services for domestic flights aimed at building customer loyalty amid fierce competition
China to withdraw 71 old planes
Duesseldorf expanding airport
IBM, Nokia and Sabre in test runs of wireless phone for flight reservations
Shanghai airport's net profit surges 70%
Korean Air plane escapes mishap

Features

Keeping ahead of its rivals
Expansion plans include building an artificial island, airships, new rail links and underground driverless vehicles

Columns

Non-existence of ship owner no basis for denying liability

	web site

New direct APL/TMM service On the move PSA Corp wins again at AFIA Asian cargo boost bid at Port of NY / NJ New president for Companhia New management director for BAX Taiwan ST Logistics sold to Sembawang Marine Danzas introduces IT system

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MARCH 18, 1999
Deutsche Post and Danzas to acquire Nedlloyd ETD Better result P&O Nedlloyd Loss Nedlloyd in 1998 Slightly better result ECT CSX to Manage Sea-Land as 3 distinct businesses

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Shippers Want Conference to Phase-in Proposed Rate Hike NOL Signs $315 Million Deal to Sell DST Unit Lufthansa Cargo, SAS Merging Sales & Handling in Europe

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MARCH 18, 1999
Centro Europeo de Referencia sobre el Transporte Intermodal de Mercancías Soterramiento de las vías del tren en Málaga y Murcia Duro plan de ajuste de Japan Airlines Air Zaire se convierte en Línea Aéreas del Congo El grupo Nefab factura 14.000 millones en 1998 El puerto inglés de Felixstowe apuesta por el ferrocarril

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NOL sells stacktrain service to Apollo for $ 315 million Economic rebound in sight, say shipping executives New service between N. Europe & E. Med by YML, K Line, Cosco Across-the-board lowering of EPCG limit likely Heartening trend in rice exports Trade fairs in Muscat Cabinet clears floriculture auction centre Inland waterways body finds funds allocation inadequate Only six norms likely for new drug molecules export Ficci offers to let Pak head trade body National Quality Awards presented Sri Lankan tea imports to attract some duties Silk goods exports increase by 17.7 pc Sino-Indian trade not commensurate with enormous opportunities, says Chinese trade official India to incur $ 35.29 million on coins import EPCG scheme extended to tourism sector MISC, Crescent host get-together for the trade European Union commissioners bow out Ex-Im expert answers your queries

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Merger aims to create the world's premier product carrier operation French major optimistic about new West African service Oil jumps on API report

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MARCH 18, 1999
Gulf lease sale attracts $171 million in high bids Yesterday's Minerals Management Service (MMS) sale of offshore oil and natural gas leases in the Central Gulf of Mexico attracting $171,804,696 million in high bids from 67 companies. By contrast, in last year's Central Gulf sale, companies submitted $810.4 million in high bids for tracts, just off the 1997 record of $824.1 million. In 1997, companies submitted 1,790 bids on 1,032 tracts. Record first quarter for Carnival Carnival Corporation today reported net income of $157.8 million ($0.26 Diluted EPS) on revenues of $748.3 million for its first quarter ended February 28, 1999, compared to net income of $109.9 million ($0.18 Diluted EPS) on revenues of $557.8 million for the same quarter in 1998. Earnings per share increased 44 percent in the first quarter of 1999 versus the same period in 1998. This was the 31st consecutive quarter in which Carnival reported year-over-year earnings improvement. Monarch returns to service Royal Caribbean International's Monarch of the Seas returned to full service March 14, less than three months after sustaining damage from an underwater shoal off St. Maarten. The vessel emerged from dry dock , fully repaired and significantly improved in guest areas.

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Nedlloyd to sell Europe logistics arm Nedlloyd is selling its European Transport and Distribution division to Deutsche Post and Danzas in a move that brings to a virtual end the once sprawling Dutch shipping and transport empire. Alonso appointed Astilleros chairman Spain's leading shipbuilding group, Astilleros Españoles, has appointed Marcelino Alonso as its new chairman, writes Tony Gray. P&O Nedlloyd shrugs off box business blues P&O Nedlloyd increased its operating profit by 28% between the fourth quarters of 1997 and 1998 while full year profit was 11% higher. Cosco suspends all bunker dealings in Singapore row A unit of China-based shipping conglomerate Cosco said yesterday the group will suspend worldwide marine bunkers and lubricants business with BP Amoco until a Singapore trading dispute is resolved. James Fisher profits hit by port closure costs Provisions for port closure costs helped cut James Fisher's pre-tax profit by more than half in 1998. First Olsen tanker set for Singapore conversion THE lead ship in First Olsen's duo of sophisticated crude tankers yesterday departed from her South Korean newbuilding yard bound for Singapore for conversion to a shuttle tanker, writes Dale Wainwright. Russia on road to maritime reform RUSSIA has approved a series of major legal moves aimed at bringing the country into line with international maritime practice, and providing the basis for financing vital fleet renewal. K Line in charter deal with TSK K Line will double the frequency of its Japan-Straits service through a slot charter deal with troubled Japanese near-sea trader TSK Line.

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MARCH 18, 1999
NOL sells US stacktrain business Sohmen lashes out at over-regulation Nedlloyd future questioned after sale Master blamed for Alaska grounding Legislation threat to end Canadian strike Donaldson sparks row with underwriters Lack of newbuildings hits Keppel Crew rescued after Thai tanker explosion Osprey, OMI blend their product tankers Channel ferries involved in separate incidents Carnival lifts first quarter income Japanese steel production slides Toyofuji mounts fixed day car carrier service Australian landbridge project given "fast track" Brazilian yard jubilant as two-ship order placed Genoa court ends monopoly on vessel mooring

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Home

DP buys Nedlloyd trucking operation
Nedlloyd now holds only boxship stake
West Coast import data strong in February
Administration studies its options after House OKs steel quotas
Trade deficit hits record $17 billion
Columbus Line to use larger ship in US West Coast-South Pacific trade lane
Canada fines UCAR for price-fixing regarding steel
Auto Haulaway trucker sued over fatal NY accident
Canadian Wheat Board loses huge sale due to grain handlers' strike
Wisconsin Central mulling a $500 million investment in Poland's railways
America West may be grounded by a strike
Amtrak crash witness comes forward
Belgian port using electronic sensor to hunt illegal immigrants hiding in trucks

Transportation

Only a few issues remain after CN, IC merger is argued before STB
FDX's profit soared in quarter, reports 2-for-1 stock split
Third-party logistics sector on fast growth track
Lacking funds from Moscow, Russian railroad to raise rates

Maritime

Moody's sees tough financial conditions for ship lines and ports
CMA, Italia Line end accord
P&O Nedlloyd sees profits increase for quarter, year
Congressional approval seen for dredging plans
Officials: Panama Canal safe from computer bug
Seaboard Marine takes over project cargo carrier vessels
Hong Kong's new river terminal plans to handle breakbulk cargo
US port roundup

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Home

DP buys Nedlloyd trucking operation
Nedlloyd now holds only boxship stake
West Coast import data strong in February
Administration studies its options after House OKs steel quotas
Trade deficit hits record $17 billion
Columbus Line to use larger ship in US West Coast-South Pacific trade lane
Canada fines UCAR for price-fixing regarding steel
Auto Haulaway trucker sued over fatal NY accident
Canadian Wheat Board loses huge sale due to grain handlers' strike
Wisconsin Central mulling a $500 million investment in Poland's railways
America West may be grounded by a strike
Amtrak crash witness comes forward
Belgian port using electronic sensor to hunt illegal immigrants hiding in trucks

Transportation

Only a few issues remain after CN, IC merger is argued before STB
FDX's profit soared in quarter, reports 2-for-1 stock split
Third-party logistics sector on fast growth track
Lacking funds from Moscow, Russian railroad to raise rates

Maritime

Moody's sees tough financial conditions for ship lines and ports
CMA, Italia Line end accord
P&O Nedlloyd sees profits increase for quarter, year
Congressional approval seen for dredging plans
Officials: Panama Canal safe from computer bug
Seaboard Marine takes over project cargo carrier vessels
Hong Kong's new river terminal plans to handle breakbulk cargo
US port roundup

web site

Home

DP buys Nedlloyd trucking operation
Nedlloyd now holds only boxship stake
West Coast import data strong in February
Administration studies its options after House OKs steel quotas
Trade deficit hits record $17 billion
Columbus Line to use larger ship in US West Coast-South Pacific trade lane
Canada fines UCAR for price-fixing regarding steel
Auto Haulaway trucker sued over fatal NY accident
Canadian Wheat Board loses huge sale due to grain handlers' strike
Wisconsin Central mulling a $500 million investment in Poland's railways
America West may be grounded by a strike
Amtrak crash witness comes forward
Belgian port using electronic sensor to hunt illegal immigrants hiding in trucks

Transportation

Only a few issues remain after CN, IC merger is argued before STB
FDX's profit soared in quarter, reports 2-for-1 stock split
Third-party logistics sector on fast growth track
Lacking funds from Moscow, Russian railroad to raise rates

Maritime

Moody's sees tough financial conditions for ship lines and ports
CMA, Italia Line end accord
P&O Nedlloyd sees profits increase for quarter, year
Congressional approval seen for dredging plans
Officials: Panama Canal safe from computer bug
Seaboard Marine takes over project cargo carrier vessels
Hong Kong's new river terminal plans to handle breakbulk cargo
US port roundup

	web site

Toyota choisit Zeebrugge comme port d'exportation pour la Yaris A la fin de la semaine dernière, Toyota a signé le contrat fortement discuté avec le port de Zeebrugge (voir LL du 13/2), par lequel le port maritime fera fonction de port d'exportation pour la Yaris, qui sera produite à Valenciennes. C'est ce que nous a confirmé Garry Hague, le porte-parole de Toyota Motor Europe. La question de savoir si Zeebrugge deviendra le grand hub d'importation est encore à l'étude. Nedlloyd vend toutes ses activités de transport routier à Deutsche Post Suite à une prise de participation de 50% dans P&O Nedlloyd, la Koninklijke Nedlloyd sera réduite à un petit holding pour la navigation containérisée. Cette conclusion s'impose depuis que l'entreprise rotterdamoise a annoncé qu'elle vend sa division européenne Transport et Distribution à Deutsche Post/Danzas. Tout sera vendu: tant Nedlloyd Road Cargo que Van Gend & Loos, Nedlloyd Districenters, Faxion, etc. Seule Mammoet (la division pour le transport lourd) ne sera pas vendue. Liege Airport sera connecté au rail Le ministre wallon du Transport Miche Lebrun a signé le dossier de l'aménagement de la connexion du Cargo Village de l'aéroport de Liège au réseau ferroviaire. Suite au redéploiement des activités militaires sur l'aéroport, la deuxième piste est désormais disponible pour le trafic commercial. Deux bonnes nouvelles pour Liège Airport, qui a co-signé l'accord concernant la participation de 25% d'Aéroports de Paris hier dans la capitale française (voir ailleurs dans nos colonnes). Le Sénat n'a pas modifié le projet de loi sur le transport routier La commission "Economie et Finances" du Sénat a entériné sans modifications le projet de loi relatif au transport de marchandises par la route. Cela signifie que l'article 37 sur la coresponsabilité du donneur d'ordre est lui aussi resté inchangé. La fameuse locution "sciemment" aura bientôt force de loi.

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Feature

The Turkish Straits in dire straits. With traffic volumes through the Turkish Straits increasing, Turkey is endeavouring to make the Straits (Dardanelles and Bosphorus) safer still.

Maritime

CSAV takes over shipping from Grupo Libra. A controlling interest in the Brazilian group's shipping arm has been acquired by Chile's - and South America's - largest shipping line.
Contship Containerlines and Wilhelmsen Lines are entering a slot-charter agreement between the US east coast and Australia.
SCL and Lloyd Triestino will end their cooperation in the Mediterranean-West/Southern Africa trade.
A new joint venture, V.I.P. Line, will serve the West Africa trade.
Zim carried over 1 million TEU in 1998.
Nordana is expanding its project business with the setting up of Nordana World Wide Transport.
Viewpoint: Planning certainty in the shipping sector.
Deutsche Post/Danzas to acquire European Transport and Distribution division of Royal Nedlloyd.

Ports and Terminals

Antwerp will lease its third riverside container terminal to a joint venture formed by MSC/Hessenatie.
Three ports in Spain - Algeciras, Barcelona and Valencia - handled over 1 million TEU each in 1998.
Malta Freeport buys a 40% stake in Brindisi terminal.
Singapore's PSA Corp has won the tender to operate Muara Container Terminal in Brunei.
Two container cranes for Aden were recently shipped out of Trieste.
Calendar of events: AAPA Port Administration and Information Technology Seminars.

Forwarding and Logistics

Pakhoed reached its target for 1998 with a record result.
Inchcape will concentrate on motors operations in future.
Gezairi is using a newly designated border crossing to Iraq.
Frans Maas posted higher profit in 1998 with organic growth.
Tibbett & Britten earns GBP 1 billion for the first time.

Aviation

Lufthansa, SIA and SAS plan cargo alliance. The dance of the alliances is now spreading to the cargo sector with the signing of an MOU by LH, SIA and SAS.
The Lufthansa group posted a record profit in 1998; Wilson Group becomes a partner of LH Cargo.
Sabena has recorded its best result in 75 years after restructuring.
EMA has become new GSA cargo for the newly re-launched Air Djibouti.
Malev is to be restructured by the end of 2000, according to its new director general.
Iberia will fly to Guayaquil.
Asiana serves Seoul-London Stansted.
Calendar of events: Fagsa annual conference in Athens.

web site

Feature

The Turkish Straits in dire straits. With traffic volumes through the Turkish Straits increasing, Turkey is endeavouring to make the Straits (Dardanelles and Bosphorus) safer still.

Maritime

CSAV takes over shipping from Grupo Libra. A controlling interest in the Brazilian group's shipping arm has been acquired by Chile's - and South America's - largest shipping line.
Contship Containerlines and Wilhelmsen Lines are entering a slot-charter agreement between the US east coast and Australia.
SCL and Lloyd Triestino will end their cooperation in the Mediterranean-West/Southern Africa trade.
A new joint venture, V.I.P. Line, will serve the West Africa trade.
Zim carried over 1 million TEU in 1998.
Nordana is expanding its project business with the setting up of Nordana World Wide Transport.
Viewpoint: Planning certainty in the shipping sector.
Deutsche Post/Danzas to acquire European Transport and Distribution division of Royal Nedlloyd.

Ports and Terminals

Antwerp will lease its third riverside container terminal to a joint venture formed by MSC/Hessenatie.
Three ports in Spain - Algeciras, Barcelona and Valencia - handled over 1 million TEU each in 1998.
Malta Freeport buys a 40% stake in Brindisi terminal.
Singapore's PSA Corp has won the tender to operate Muara Container Terminal in Brunei.
Two container cranes for Aden were recently shipped out of Trieste.
Calendar of events: AAPA Port Administration and Information Technology Seminars.

Forwarding and Logistics

Pakhoed reached its target for 1998 with a record result.
Inchcape will concentrate on motors operations in future.
Gezairi is using a newly designated border crossing to Iraq.
Frans Maas posted higher profit in 1998 with organic growth.
Tibbett & Britten earns GBP 1 billion for the first time.

Aviation

Lufthansa, SIA and SAS plan cargo alliance. The dance of the alliances is now spreading to the cargo sector with the signing of an MOU by LH, SIA and SAS.
The Lufthansa group posted a record profit in 1998; Wilson Group becomes a partner of LH Cargo.
Sabena has recorded its best result in 75 years after restructuring.
EMA has become new GSA cargo for the newly re-launched Air Djibouti.
Malev is to be restructured by the end of 2000, according to its new director general.
Iberia will fly to Guayaquil.
Asiana serves Seoul-London Stansted.
Calendar of events: Fagsa annual conference in Athens.

web site

Feature

The Turkish Straits in dire straits. With traffic volumes through the Turkish Straits increasing, Turkey is endeavouring to make the Straits (Dardanelles and Bosphorus) safer still.

Maritime

CSAV takes over shipping from Grupo Libra. A controlling interest in the Brazilian group's shipping arm has been acquired by Chile's - and South America's - largest shipping line.
Contship Containerlines and Wilhelmsen Lines are entering a slot-charter agreement between the US east coast and Australia.
SCL and Lloyd Triestino will end their cooperation in the Mediterranean-West/Southern Africa trade.
A new joint venture, V.I.P. Line, will serve the West Africa trade.
Zim carried over 1 million TEU in 1998.
Nordana is expanding its project business with the setting up of Nordana World Wide Transport.
Viewpoint: Planning certainty in the shipping sector.
Deutsche Post/Danzas to acquire European Transport and Distribution division of Royal Nedlloyd.

Ports and Terminals

Antwerp will lease its third riverside container terminal to a joint venture formed by MSC/Hessenatie.
Three ports in Spain - Algeciras, Barcelona and Valencia - handled over 1 million TEU each in 1998.
Malta Freeport buys a 40% stake in Brindisi terminal.
Singapore's PSA Corp has won the tender to operate Muara Container Terminal in Brunei.
Two container cranes for Aden were recently shipped out of Trieste.
Calendar of events: AAPA Port Administration and Information Technology Seminars.

Forwarding and Logistics

Pakhoed reached its target for 1998 with a record result.
Inchcape will concentrate on motors operations in future.
Gezairi is using a newly designated border crossing to Iraq.
Frans Maas posted higher profit in 1998 with organic growth.
Tibbett & Britten earns GBP 1 billion for the first time.

Aviation

Lufthansa, SIA and SAS plan cargo alliance. The dance of the alliances is now spreading to the cargo sector with the signing of an MOU by LH, SIA and SAS.
The Lufthansa group posted a record profit in 1998; Wilson Group becomes a partner of LH Cargo.
Sabena has recorded its best result in 75 years after restructuring.
EMA has become new GSA cargo for the newly re-launched Air Djibouti.
Malev is to be restructured by the end of 2000, according to its new director general.
Iberia will fly to Guayaquil.
Asiana serves Seoul-London Stansted.
Calendar of events: Fagsa annual conference in Athens.

web site

Feature

The Turkish Straits in dire straits. With traffic volumes through the Turkish Straits increasing, Turkey is endeavouring to make the Straits (Dardanelles and Bosphorus) safer still.

Maritime

CSAV takes over shipping from Grupo Libra. A controlling interest in the Brazilian group's shipping arm has been acquired by Chile's - and South America's - largest shipping line.
Contship Containerlines and Wilhelmsen Lines are entering a slot-charter agreement between the US east coast and Australia.
SCL and Lloyd Triestino will end their cooperation in the Mediterranean-West/Southern Africa trade.
A new joint venture, V.I.P. Line, will serve the West Africa trade.
Zim carried over 1 million TEU in 1998.
Nordana is expanding its project business with the setting up of Nordana World Wide Transport.
Viewpoint: Planning certainty in the shipping sector.
Deutsche Post/Danzas to acquire European Transport and Distribution division of Royal Nedlloyd.

Ports and Terminals

Antwerp will lease its third riverside container terminal to a joint venture formed by MSC/Hessenatie.
Three ports in Spain - Algeciras, Barcelona and Valencia - handled over 1 million TEU each in 1998.
Malta Freeport buys a 40% stake in Brindisi terminal.
Singapore's PSA Corp has won the tender to operate Muara Container Terminal in Brunei.
Two container cranes for Aden were recently shipped out of Trieste.
Calendar of events: AAPA Port Administration and Information Technology Seminars.

Forwarding and Logistics

Pakhoed reached its target for 1998 with a record result.
Inchcape will concentrate on motors operations in future.
Gezairi is using a newly designated border crossing to Iraq.
Frans Maas posted higher profit in 1998 with organic growth.
Tibbett & Britten earns GBP 1 billion for the first time.

Aviation

Lufthansa, SIA and SAS plan cargo alliance. The dance of the alliances is now spreading to the cargo sector with the signing of an MOU by LH, SIA and SAS.
The Lufthansa group posted a record profit in 1998; Wilson Group becomes a partner of LH Cargo.
Sabena has recorded its best result in 75 years after restructuring.
EMA has become new GSA cargo for the newly re-launched Air Djibouti.
Malev is to be restructured by the end of 2000, according to its new director general.
Iberia will fly to Guayaquil.
Asiana serves Seoul-London Stansted.
Calendar of events: Fagsa annual conference in Athens.

web site

Feature

The Turkish Straits in dire straits. With traffic volumes through the Turkish Straits increasing, Turkey is endeavouring to make the Straits (Dardanelles and Bosphorus) safer still.

Maritime

CSAV takes over shipping from Grupo Libra. A controlling interest in the Brazilian group's shipping arm has been acquired by Chile's - and South America's - largest shipping line.
Contship Containerlines and Wilhelmsen Lines are entering a slot-charter agreement between the US east coast and Australia.
SCL and Lloyd Triestino will end their cooperation in the Mediterranean-West/Southern Africa trade.
A new joint venture, V.I.P. Line, will serve the West Africa trade.
Zim carried over 1 million TEU in 1998.
Nordana is expanding its project business with the setting up of Nordana World Wide Transport.
Viewpoint: Planning certainty in the shipping sector.
Deutsche Post/Danzas to acquire European Transport and Distribution division of Royal Nedlloyd.

Ports and Terminals

Antwerp will lease its third riverside container terminal to a joint venture formed by MSC/Hessenatie.
Three ports in Spain - Algeciras, Barcelona and Valencia - handled over 1 million TEU each in 1998.
Malta Freeport buys a 40% stake in Brindisi terminal.
Singapore's PSA Corp has won the tender to operate Muara Container Terminal in Brunei.
Two container cranes for Aden were recently shipped out of Trieste.
Calendar of events: AAPA Port Administration and Information Technology Seminars.

Forwarding and Logistics

Pakhoed reached its target for 1998 with a record result.
Inchcape will concentrate on motors operations in future.
Gezairi is using a newly designated border crossing to Iraq.
Frans Maas posted higher profit in 1998 with organic growth.
Tibbett & Britten earns GBP 1 billion for the first time.

Aviation

Lufthansa, SIA and SAS plan cargo alliance. The dance of the alliances is now spreading to the cargo sector with the signing of an MOU by LH, SIA and SAS.
The Lufthansa group posted a record profit in 1998; Wilson Group becomes a partner of LH Cargo.
Sabena has recorded its best result in 75 years after restructuring.
EMA has become new GSA cargo for the newly re-launched Air Djibouti.
Malev is to be restructured by the end of 2000, according to its new director general.
Iberia will fly to Guayaquil.
Asiana serves Seoul-London Stansted.
Calendar of events: Fagsa annual conference in Athens.

	web site

A break for bulk at last CONFIDENCE IS RETURNING to the bulker market with prices for secondhand ships bouncing back and speculators positioning themselves to take advantage of an upturn in the market. Chandris of Greece has emerged as the surprise buyer of one Panamax even though the company is not noted for its involvement in the bulk market. The Indian Eldorado Cruise play gone sour Lygnos bid Exposed to spot threat A high and dry captain Detentions Casualties