RCL profit up 17.5%; new team in place [SINGAPORE] Thai-listed common feeder operator Regional Container Lines (RCL) announced yesterday a new senior management team and a 17.5 per cent rise in net profits to US$16.1 million (S$28.17 million) for the first three quarters of 2000 over last year.
Feeder operator eyes China market for future growth
Tide turns for Precious
Air and Land Transport
UK govt gets nod to privatise air traffic control [LONDON] Prime Minister Tony Blair's government prevailed on Wednesday night in its legislative battle for partial privatisation of the country's air traffic control services.
UPS increases weekly around-the-world flights
Auckland's AIA reaps NZ$16.9m from airport activities
China Air's talks to buy China Cargo on hold; may resume later
Virgin to begin London-Toronto route next year
AA jet makes emergency landing
Features
Working hand in hand to promote safety at sea NO one needs reminding that Class has been savaged by the media, and roundly criticised by European legislators, in the period since the Erika fouled the beaches of Brittany last December.
RCL profit up 17.5%; new team in place [SINGAPORE] Thai-listed common feeder operator Regional Container Lines (RCL) announced yesterday a new senior management team and a 17.5 per cent rise in net profits to US$16.1 million (S$28.17 million) for the first three quarters of 2000 over last year.
Feeder operator eyes China market for future growth
Tide turns for Precious
Air and Land Transport
UK govt gets nod to privatise air traffic control [LONDON] Prime Minister Tony Blair's government prevailed on Wednesday night in its legislative battle for partial privatisation of the country's air traffic control services.
UPS increases weekly around-the-world flights
Auckland's AIA reaps NZ$16.9m from airport activities
China Air's talks to buy China Cargo on hold; may resume later
Virgin to begin London-Toronto route next year
AA jet makes emergency landing
Features
Working hand in hand to promote safety at sea NO one needs reminding that Class has been savaged by the media, and roundly criticised by European legislators, in the period since the Erika fouled the beaches of Brittany last December.
RCL profit up 17.5%; new team in place [SINGAPORE] Thai-listed common feeder operator Regional Container Lines (RCL) announced yesterday a new senior management team and a 17.5 per cent rise in net profits to US$16.1 million (S$28.17 million) for the first three quarters of 2000 over last year.
Feeder operator eyes China market for future growth
Tide turns for Precious
Air and Land Transport
UK govt gets nod to privatise air traffic control [LONDON] Prime Minister Tony Blair's government prevailed on Wednesday night in its legislative battle for partial privatisation of the country's air traffic control services.
UPS increases weekly around-the-world flights
Auckland's AIA reaps NZ$16.9m from airport activities
China Air's talks to buy China Cargo on hold; may resume later
Virgin to begin London-Toronto route next year
AA jet makes emergency landing
Features
Working hand in hand to promote safety at sea NO one needs reminding that Class has been savaged by the media, and roundly criticised by European legislators, in the period since the Erika fouled the beaches of Brittany last December.
Wisconsin Central considers sale of foreign investments The railroad said its financial advisers are pursuing the disposition of the company's 23.7% interest in Tranz Rail Holdings Ltd, New Zealand's national railroad, and its 42% shareholding in English Welsh & Scottish Railway Ltd., the principal freight railroad in Great Britain.
EU to suspend shipyard aid in duel with South Korea The European Union has criticized Korea repeatedly for providing hidden subsidies to shipbuilders, enabling them to increase market share by unfair means. Korean yards are the world's busiest, with nearly half the market.
Who fills out a HazMat declaration? A mult-leg trip poses a problem for a citrus grower.
FIREMEN were called to the Port of Le Havre bulk terminal FIREMEN were called to the Port of Le Havre bulk terminal yesterday after a conveyor belt caught fire in the course of unloading a vessel with a cargo of coal for the local power station, writes Andrew Spurrier. The fire broke out for as yet undetermined reasons shortly after midday yesterday while coal was being unloaded from the Yue Shan.
Sun Vista blaze due to 'lax scrutiny' the Bahamas Maritime Authority has claimed that fire-stricken cruiseship Sun Vista, which sank last year, was in such poor shape that she should not have been granted a passenger and safety certificate or even allowed to remain in class.
Swan maps out survival package A COMPREHENSIVE financial restructuring package was yesterday announced by Swan Reefer, which is expected to lead to the arrival of a new "dominant" shareholder at the embattled company.
MacArthur to lead ANZ drive in US ANZ Investment Bank has stepped up its presence in the North American transport finance market, writes Tony Gray.
Ships cruise along the river Rhein Ships cruise along the river Rhein near Krefeld in western Germany at sunrise yesterday as temperatures in the country enjoys one of its warmest autumns.
Dutch stand firm against yard aid THE Dutch ministry of economic affairs is maintaining its "no more subsidies for shipbuilding" stance in the face of a national industry fearful that key orders could head for Germany, Italy or Spain if further production aid is not made available to cover the month of December.
Thomson CSF in death riddle of naval officer A MAJOR political storm is looming in France following a Taiwanese claim that French defence contractor, Thomson CSF, played a "central role" in the death of a senior Taiwanese navy officer in 1993.
Smit Pentow's super tug Wolraad Woltemade Smit Pentow's super tug Wolraad Woltemade is back in European waters and is seen here passing St Anthony's lighthouse at the entrance of Falmouth harbour in southwest England, where she berthed alongside the A&P Falmouth shipyard for maintenance work, writes David Barnicoat.
Anvers: la mobilité risque de tourner à la catastrophe Si des alternatives en matière de communications avec l’hinterland ne sont pas rapidement élaborées et réalisées, Anvers et son port devront faire face dès 2003/2004 à une situation catastrophique, compte tenu des flux de containers supplémentaires que vont générer les nouveaux terminaux à containers de la rive gauche. “L’administration portuaire est focalisée sur l’approfondissement de l’Escaut et la réactivation du Rhin d’Acier, mais il y a autre chose, tout aussi important, à savoir l’écoulement des trafics terrestres”, a dit Jan Pellens, président de l’AGHA au cours d’une conférence de presse qui consistait en fait à tirer la sonnette d’alarme. Le port risque d’être confronté à des problèmes d’engorgements d’une ampleur considérable, car ni le rail, ni la route ne sont à même d’absorber les progressions de trafic qui s’annocent.
La prolongation de la piste d’Antwerp Airport devrait en premier lieu être un dossier technique La discussion sur le rôle et l’avenir d’Antwerp Airport a régulièrement été évoquée lors du colloque sur le transport aérien en Belgique et aux Pays-Bas qui a eu lieu au Hof van Liere (UFSIA) au début de la semaine. Une des remarques était que la prolongation de la piste devrait faire simplement l’objet d’une discussion technique. Toutefois, les politiciens restent sur leurs positions à ce sujet. De plus, une éventuelle relocalisation n’est pas non plus évidente.
Quel sera l’impact des PC plus de 8000 TEU sur les activités terrestres et les frets? Dans le courant des deux à trois prochaines années, les chantiers navals vont livrer plus d’une centaine de PC de type super-post-panamax. Les commandes des derniers mois portent sur des unités d’une capacité moyenne de l’ordre de 5.000 TEU. Force est de constater que dans ce paquet figure un nombre appréciable de PC de plus de 6.000 TEU. Si l’on en croit les études faites par Drewry, auxquelles nous fimes récemment allusion dans ces colonnes, le marché des containers aura augmenté de 6,6% cette année et une autre augmentation de 8% est prévue pour l’année suivante. En d’autres mots, la part du container dans le trafic maritime mondial des diverses passera de 52% à 55,4%, soit 630 mio. de t. Il n’y aurait pas de danger de voir une surcapacité s’instaurer. Espérons donc que la conjoncture mondiale reste au beau fixe.
Les émissions des membres de la VIBNA réduites de moitié pour une hausse de 25% de la production L’association des Entreprises Industrielles d’Anvers-Nord (VIBNA) collecte systématiquement des données sur les émissions atmosphériques de ses 41 membres. Entre 1992 et 1999, les émissions ont diminué de 44,7% tous produits confondus, alors que la production a augmenté d’un quart durant cette période. Les données collectées ont été publiées dans un rapport pour la première fois cette année. Lors de sa présentation, Ronny Ansoms, le président de la VIBNA, a annoncé son départ. Karel Hermans, le directeur-général d’INEOS, lui succédera.
Mitsubishi clinches TEPCO LNG order The Japanese power supply firm has ordered a single LNG carrier in a bid to drive down costs.
RCL unveils new management team The Thai-listed feeder operator replaces staff who quit in July to form rival.
Banks agree Swan Reefer rescue Debt write-off and equity fund raising planned to keep the ugly duckling of the Norwegian shipping market afloat.
RINA tightens controls Italian classification society introduces new measures after Erika probe.
Seascope co-founder steps down Merger talks between Braemar and Seascope will continue under a different chairman.
Westchester spill still delaying traffic Clean-up operations are underway on the Mississippi after a costly oil spill from the tanker Westchester.
Intertanko opts for the Swift solution Intertanko has a human dynamo on its hands in new managing director Peter Swift.
Loki cutting losses The world's largest tanker is raking in the cash for Norway's Loki, but the company is still in the red.
Eidsiva upbeat after posting narrow loss Norwegian owner Eidsiva is looking forward to escaping the money pit of its Easy Lines ferry service.
London gets new maritime cheerleader David Cobb has been talking up Maritime London, a new company aimed at promoting London's shipping industry.
Korea hits out at European shipyard aid Tables turned as Korea warns it may bring World Trade Organisation complaint.
Irish register bids to lure back departed ships Tonnage tax decision crucial as Ireland modernises ship register to boost numbers.
Mute response to Star Hong Kong listing High oil prices and cruise glut dampen Star's debut on the Hong Kong stock exchange.
LASCO sale could bring in $128m The privatisation of Latvian Shipping Company may see the government receive up to 80% of nominal share value.
Ten-fold increase in Nepline profits Malaysian shipowner Nepline, part owned by Neptune Orient Lines, continues to build on positive results.
Maersk to quit Singapore early The Danish line is leaving Singapore ahead of schedule.
Minoan shares suspended after suicide plunge Trading in Minoan Lines shares has been suspended after the suicide of subsidiary MFD's vice chairman Pantelis Sfinias in Piraeus.
LMZ hawks VLCCs The industry is abuzz with talk of VLCC resales as punters struggle to price vessels in the current market.
Bergesen opts for second LNG carrier Norway's Bergesen says it is in for the long haul on LNG and does not rule out extending its fleet further.
No reprieve for EU yard subsidies European Commission ministers meet next Tuesday in what is widely expected to be the kiss of death for shipyard subsidies in Europe.
Modernising costs still hitting Tordenskjold Norway's Tordenskjold Shipping remains in the red for the year, after upgrading its older ships.
Osprey upbeat on year end profits Full year profits at the Singapore-listed Osprey are forecast to be way in excess of analysts' predictions.
Fredriksen must do better, say analysts Analysts say World Shipholding must offer above SGD1.00 if it wants to avoid a protracted takeover battle.
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