Sunken chemical tanker was just released from detention THE Italian-flag chemical tanker now lying at the bottom of the sea a few miles off Britain's Channel Islands had been detained in Holland on safety grounds just days before sinking on Tuesday.
Port Klang urged to spend RM65m on deepening North Channel
Ethiopia to build dry port in capital
Air and Land Transport
Doubling of KL airport's cargo charges slammed [KUALA LUMPUR] Malaysian airfreight forwarders yesterday described the doubling of handling charges at Kuala Lumpur airport as "daylight robbery" and said it dimmed hopes of making the airport a regional cargo hub.
JAL's parent profit jumps sixfold
Air NZ warns of 50% profit plunge in H1
Japan needs 990 planes over 20 years: Boeing
Bejing allows 20% rise in airfares
Features
Taking up US challenge FRENCH carrier CMA-CGM is planning a rapid expansion in the United States over the next several years.
Sunken chemical tanker was just released from detention THE Italian-flag chemical tanker now lying at the bottom of the sea a few miles off Britain's Channel Islands had been detained in Holland on safety grounds just days before sinking on Tuesday.
Port Klang urged to spend RM65m on deepening North Channel
Ethiopia to build dry port in capital
Air and Land Transport
Doubling of KL airport's cargo charges slammed [KUALA LUMPUR] Malaysian airfreight forwarders yesterday described the doubling of handling charges at Kuala Lumpur airport as "daylight robbery" and said it dimmed hopes of making the airport a regional cargo hub.
JAL's parent profit jumps sixfold
Air NZ warns of 50% profit plunge in H1
Japan needs 990 planes over 20 years: Boeing
Bejing allows 20% rise in airfares
Features
Taking up US challenge FRENCH carrier CMA-CGM is planning a rapid expansion in the United States over the next several years.
Sunken chemical tanker was just released from detention THE Italian-flag chemical tanker now lying at the bottom of the sea a few miles off Britain's Channel Islands had been detained in Holland on safety grounds just days before sinking on Tuesday.
Port Klang urged to spend RM65m on deepening North Channel
Ethiopia to build dry port in capital
Air and Land Transport
Doubling of KL airport's cargo charges slammed [KUALA LUMPUR] Malaysian airfreight forwarders yesterday described the doubling of handling charges at Kuala Lumpur airport as "daylight robbery" and said it dimmed hopes of making the airport a regional cargo hub.
JAL's parent profit jumps sixfold
Air NZ warns of 50% profit plunge in H1
Japan needs 990 planes over 20 years: Boeing
Bejing allows 20% rise in airfares
Features
Taking up US challenge FRENCH carrier CMA-CGM is planning a rapid expansion in the United States over the next several years.
Quebec truckers vow to continue protests Five hundred truckers at a mass meeting on Wednesday vowed to continue parking their trucks, manning picket lines and condemning as "criminal scabs" the very few drivers who continue to haul containers to and from the Port of Montreal.
German motor carriers, burned by higher costs, seek rate hike Trucking companies are negotiating with shippers to raise freight rates this year to help offset skyrocketing fuel costs.
Some rail officials are starting to ask the right questions Saving the loose car business was a hot topic at a recent STB's Rail-Shipper Transportation Advisory Council meeting.
NTE to hook up with Yantra
EGL net income up 31%
Aviation exchange names interim CEO
Baton Rouge port completes emergency dredging
Santos terminals await protests as court breaks stevedore monopoly on docker assignments
Class societies end cooperation talks Det Norske Veritas (DNV) and Germanischer Lloyd (GL) have terminated their discussions about a possible "close cooperation."
WR-21 gas turbine picked for new destroyer Rolls-Royce plc and Northrop Grumman have been selected as the preferred suppliers of the gas turbines for the first three ships of a new fleet of air defense destroyers for the U.K. Royal Navy.
Identity crisis sinks DNV-GL alliance THE classification industry, which has been singing paeans to consolidation, tasted a stiff dose of reality yesterday after merger talks between Det Norske Veritas and Germanischer Lloyd collapsed.
Chirac calls for action on tighter sea laws FRENCH president Jacques Chirac added his voice yesterday to the flurry of calls for urgent action to tighten up maritime legislation in the wake of the sinking of the 7,308 dwt chemical tanker Ievoli Sun off the Normandy coast on Tuesday.
Profit surge continuesfor Eletson ELETSON Holdings has celebrated soaring profits in the third quarter that have easily beaten its second quarter result, which itself briefly stood as the best in the Greek based product tanker operator's 34-year history.
Primorsk shows strength with 210% rise in operating profits THE Primorsk Shipping Corporation (Prisco) proved its strength in the top ranks of Russia's shipping companies with a 210% increase in operating profit in the first nine months of this year.
No easy ride as Stelios ditches Cyprus listing Stelmar Tankers will formally announce today that it has scrapped plans for a listing on the Cyprus Stock Exchange due to what it has portrayed as annoying delays on the part of the island's financial authorities.
Scrap Dibden Bay terminal scheme - MP JULIAN Lewis, UK member of parliament for New Forest East and staunch opponent of Associated British Ports' proposed Dibden Bay container terminal, has written to deputy prime minister John Prescott urging him to have the project withdrawn.
POL to refocus on shortsea expansion POLISH Ocean Line is refocusing its network portfolio and planning to concentrate future expansion on shorthaul routes.
US warning on lack of ballast reports ONLY just over 20% of ships entering US waters from outside the US Exclusive Economic Zone bothered to file ballast water management reports, a US report has noted.
L’IRU avertit que la crise du diesel n’est pas résolue La crise provoquée par la hausse du diesel n’est pas résolue, malgré les concessions faites par certains Etats-membres, car il n’y a toujours pas d’harmonisation des taxes et donc encore une distorsion de la concurrence. En outre, cinq des quinze pays n’ont pas pris de mesures, dont l’Allemagne et le Royaume-Uni. Or, c’est justement dans ce dernier que les taxes sont les plus élevées. “On peut dès lors craindre une escalade dans ce pays”, a déclaré mardi Sören Rasmussen, délégué général ad interim de l’IRU auprès de l’UE à Bruxelles, lors d’une conférence de presse.
La fusion Hessenatie/Noord Natie: tout est encore possible On reparle encore ces jours-ci de la perspective de fusion entre les deux géants anversois de la manutention de diverses, à savoir la Hessenatie et la Noord Natie, alors qu’il n’y a rien de bien nouveau à signaler. Comme évoqué précédemment, ce n’est que vers la fin novembre qu’une décision sera prise, les 6 candidats encore en piste ayant jusqu’au 17 novembre pour présenter leur offre finale. Pour l’instant, chacun d’eux poursuit l’examen des comptes des entreprises concernées, ceci après visite des lieux.
Stena AB veut libérer 1,5 mia. de SEK pour la filiale déficitaire Stena Line, un des plus grands opérateurs ferry de par le monde, est confronté à des problèmes financiers. A l’issue des neuf premiers mois, l’armement annonce des revenus moins bons que prévus et des pertes plus élevées que prévues pour diverses raisons. De plus, l’acquisition de Scandlines AB doit encore être digérée et il faudra procéder à l’amortissement du goodwill à cause des activités britanniques décevantes de l’armement ferry. C’est pourquoi Stena AB, la société-mère de Stena Line, va intervenir financièrement via une émission d’actions qui devra rapporter 1,5 mia. de SEK et lance en même temps une offre sur les actions émises.
Hyundai stung by North Korea cruise venture The Korean chaebol's cruise operation has made dramatic losses since its inception in late 1998.
CP Ships to take Zodiac newbuildings The expansionist Canadian liner operator is chartering boxship newbuildings from the London-based Greeks.
Brazil woos home yards for Petrobras newbuildings Struggling shipyards in Brazil are to be offered work as the government puts a slice of Petrobras' fleet renewal their way.
Koreans exit Petronet tender Korean players have narrowed the stakes for the remaining brave bidders in Petronet LNG's tender for newbuildings.
Bulker widows petition IMO Widows of seafarers who died on the bulker Leros Strength say they have been living on handouts since 1997.
Boom time continues for Eletson Gregory Hadjieleftheriadis's Eletson Holdings has profited again from the strong products tanker market.
Solvang sees profits rise Norwegian gas tanker owner Solvang is back in the money as it grows its fleet.
APL goes it alone in India The US container giant is taking sole control of its Indian operations.
Freeland takes the helm Industry body the Institute of Chartered Shipbrokers has installed two new names at the top.
P&O confirms Port Newark lease P&O Ports and P&O Nedlloyd have teamed up to sign a 30-year deal to operate the New Jersey terminal.
Piracy attacks on the increase Figures released by the International Maritime Bureau's Piracy Reporting Centre show a massive increase in attacks on ships during the first nine months of 2000.
Essar profits soar Indian shipowner Essar is riding high on its tanker income.
DNV and GL axe merger talks The first big move towards consolidation among class societies appears to have collapsed leaving the way open for other bidders.
Leaks detected from Ievoli Sun French maritime chiefs say traces of chemicals have been found near where the tanker went down, as salvage options for the vessel are discussed.
B&N heading for profit New specialised offshore and icebreaking vessels have helped turn around last year's losses at Sweden's B&N Nordsjofrakt.
SCI posts interim profit rise Healthy figures are likely to help the Shipping Corp of India in ongoing negotiations with bankers to fund its newbuilding programme.
Global Ocean Carriers wins court backing Nick Tsakos's Global Ocean Carriers has won court approval for its restructuring plans, but a rival proposal will also be put before creditors.
Louis Dreyfus and Aker in seismic disposals Firms to sell shares and ships to French seismic giant Compagnie Generale de Geophysique in $200m transaction.
Finnyards and Ferguson in $130m ro-ro deal The yards have clinched newbuilding orders from Northlink, the Caledonian MacBrayne and the Royal Bank of Scotland joint venture.
Howard Smith sees rise in sales The world's largest port towage operator reports a modest growth in sales in the first quarter.
Stelmar pulls Cyprus listing Move will force Stelios Haji-Ioannou tanker company to repay $35m to investors.
Toxicity not the issue Chemical cargo specialists are dismissing the toxic threat of the Ievoli Sun's cargo but the sinking still represents a political timebomb.
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