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NYK optimistic box volumes may grow 8-10% this year
[SINGAPORE] Japanese carrier Nippon Yusen Kaisha (NYK) expects container volumes this year to rise 8 to 10 per cent, and profitability to be maintained due to continued growth in the major trade lanes, newly appointed chairman and managing director Kimiyuki Akitomi told Shipping Times.
P&O to build Britain's biggest box port

Air and Land Transport

Buzz sale may ease competition concerns: source
[LONDON] The European Commission has suggested that a sale of KLM Royal Dutch Airlines' low-fare carrier Buzz would address some competition concerns in any merger with British Airways plc, a source familiar with the talks said on Monday.
TNT Post acquires CTI Logistx for US$650m
Korea Aerospace extends talks to sell 35% stake
Qantas rejects Ansett claim of misleading advertising
Egypt to set up own plane crash investigation body

Features

Yantian port to expand
[MANILA] THE third phase of expansion at China's southern port of Yantian is expected to start next year after approval from the State Council, the country's governing body. Reclamation work has already started to create 600,000 sq m of wharf space as part of a project forecast to cost 6 billion yuan (S$1.2 billion).
Alliance adds Port Klang to third loop of Europe-Asia service

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Shipping News

NYK optimistic box volumes may grow 8-10% this year
[SINGAPORE] Japanese carrier Nippon Yusen Kaisha (NYK) expects container volumes this year to rise 8 to 10 per cent, and profitability to be maintained due to continued growth in the major trade lanes, newly appointed chairman and managing director Kimiyuki Akitomi told Shipping Times.
P&O to build Britain's biggest box port

Air and Land Transport

Buzz sale may ease competition concerns: source
[LONDON] The European Commission has suggested that a sale of KLM Royal Dutch Airlines' low-fare carrier Buzz would address some competition concerns in any merger with British Airways plc, a source familiar with the talks said on Monday.
TNT Post acquires CTI Logistx for US$650m
Korea Aerospace extends talks to sell 35% stake
Qantas rejects Ansett claim of misleading advertising
Egypt to set up own plane crash investigation body

Features

Yantian port to expand
[MANILA] THE third phase of expansion at China's southern port of Yantian is expected to start next year after approval from the State Council, the country's governing body. Reclamation work has already started to create 600,000 sq m of wharf space as part of a project forecast to cost 6 billion yuan (S$1.2 billion).
Alliance adds Port Klang to third loop of Europe-Asia service

web site

Shipping News

NYK optimistic box volumes may grow 8-10% this year
[SINGAPORE] Japanese carrier Nippon Yusen Kaisha (NYK) expects container volumes this year to rise 8 to 10 per cent, and profitability to be maintained due to continued growth in the major trade lanes, newly appointed chairman and managing director Kimiyuki Akitomi told Shipping Times.
P&O to build Britain's biggest box port

Air and Land Transport

Buzz sale may ease competition concerns: source
[LONDON] The European Commission has suggested that a sale of KLM Royal Dutch Airlines' low-fare carrier Buzz would address some competition concerns in any merger with British Airways plc, a source familiar with the talks said on Monday.
TNT Post acquires CTI Logistx for US$650m
Korea Aerospace extends talks to sell 35% stake
Qantas rejects Ansett claim of misleading advertising
Egypt to set up own plane crash investigation body

Features

Yantian port to expand
[MANILA] THE third phase of expansion at China's southern port of Yantian is expected to start next year after approval from the State Council, the country's governing body. Reclamation work has already started to create 600,000 sq m of wharf space as part of a project forecast to cost 6 billion yuan (S$1.2 billion).
Alliance adds Port Klang to third loop of Europe-Asia service

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Borrone promoted at NY/NJ port The longtime director of the port commerce department at the Port Authority of New York & New Jersey, was appointed assistant executive director. New York to develop Brooklyn rail yard The city hopes greater usage of the yard could reduce truck traffic and air pollution. ACL target as 'mystery' investor emerges The line's future is up for grabs after an unnamed shareholder acquired a 10.04% stake in the company. Air France profits soar First quarter profits rose by 34%, benefiting from its transatlantic alliance with Delta Air Lines and rising traffic at its Paris Charles de Gaulle hub. Hong Kong logistics venture eyes China expansion The company is looking to the mainland, where supply chain managment is still rather young, and elsewhere in Asia. Hutchison raises Jakarta terminal tariff Rates at the largest port in Indonesia went up an average 30% from Sept. 1. Hard drive replicator gets perfect results The Logicube Solitaire gives companies a quick and safe method for making copies of their hard drives. Union to vote on new OSG contract P&O plans UK's biggest box port Pacer International acquires GTS Transportation Services British Airways, KLM in merger concessions National Express to sell UK airports Air France profits soar Yangming adds ships, strenghtens logistics arm P&O Trans-European beefs up logistics network in S. Europe East China port upgrades approach TNT's US buy makes it world's No. 3 in logistics P&O Nedlloyd to expand African port Panama to hold conference on expansion plans for canal Wilson joins Texas port BA interested in Air India stake Profit falls at British logistics provider EVA's first-half profit soars DOT shuts down Indiana trucking firm Panalpina, Safcor intensify cooperation Australasia pool ends cargo-allocation requirement Customs seeks comment on proposal to integrate drawback filings into AES

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First post-panamax vessel for LT Lykes Lines makes transatlantic upgrade Tianjin Port expansion Wassing renamed MOL Logistics Chinese airlines coalesce Inspection yields top marks No end in sight to Finnish freight growth Northwest to offer daily Nagoya-Detroit service Atraxis expands in US market

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SEPTEMBER 5, 2000
Campaigns continue following consultation breakdown Stinnes makes cash offer for HCI P&O to develop UK's largest container terminal Panalpina with Safcor P&O Nedlloyd announces Abidjan port extension Profit Hays down

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K-Line introduces Internet services Licence needed for ships acquired via BBCD route CargoGulf to start direct LCL service to Alexandria, Port Said Handicraft export target in sight: Rana Indo-LAC meet nets $ 10-m orders Indonesia buys 25,000 t Indian soyameal Dumping duty on Bisphenol-A to be lifted Service exports soaring, says study paper Coffee Board may tighten export permit guidelines Minister rules out Indo-Lanka tea tariff review Concor RCT Vadodara moves first boxes to JN Port July exports highest in volume terms MoST bid to avoid transhipment of traffic at Colombo Cargo handling in Major Ports will be enhanced: Minister CSL diversifying into oil rigs upgradation Pipavav Port creats new heights in cargo handling Assocham sets up core group to develop leather industry Automatic route for ECBs up to $ 50 m operative Higher sugar production Assocham calls for reforms in internal trade policies Govt may allow FDI in airports: Minister State bid for fruit storage facility at Rotterdam port Cotton crop put at 164 lakh bales

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SEPTEMBER 5, 2000
Oil hedging now open to Indian companies French fuel tax protests cause operational problems Updated Mexican price indications Bunker bargains in unlikely places Mexican oil export and production figures up OPEC to lift 700,000 extra barrels per day Worries as bunker prices escalate The Singapore market today Headache for OPEC as Brent hits 10-year high ahead of meeting

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SEPTEMBER 5, 2000
Wilmington: agricultural products NY/NJ: FTZ #49 Great Lakes: low water levels Panalpina expands South African partnership C.H. Robinson acquires refrigerated LTL company Fast handling with the «Mobiler» Success for P&O shuttle CIS railroads increase tariffs Italian-Hungarian cargo tariff Pallet pool ACL: higher load factor for vessels Grimaldi becomes major shareholder of ACL TNT Post buys CSX Logistics unit Pacer takes over GTS

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SEPTEMBER 5, 2000
Hvide credit agreement amended Hvide Marine Inc. is now under less pressure to sell revenue-producing assets to pay down its debt. Fred Olsen shores up H&W Harland & Wolff majority shareholder, Norway's Fred Olsen Energy , will fund the yard "on an interim basis" until completion of an arbitration hearing on yard's dispute with Global Marine over the payment of the delivery instalment and other sums related to the drillship Jack Ryan. BC Ferries tests Pacificat wake reduction measures Besides costing vastly more than projected, BC Ferries problematic Pacificat catamarans have raised concerns about wake and wash effects on shorelines and docks

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Locals join in fight against oil spill Hundreds of local people joined forces with coastguards, troops and other workers yesterday to mop up an oil spill from a sunken cargo ship which had reached a coastal area near Athens. Name power revival at Lloyd's SIGNALLING a dramatic revival of name power and insurance market confidence, a group of top underwriters is preparing to launch a big marine and non-marine syndicate at Lloyd's, with an initial £150m ($226m) capacity. Tibbett nears Asian alliance UK logistics provider Tibbett & Britten is close to announcing a partnership in Asia that will "double the present" turnover from the region, chairman John Harvey revealed yesterday. Acomarit to move base from Bermuda to the Isle of Man SHIPMANAGEMENT multinational Acomarit is to relocate its corporate headquarters from Bermuda to the Isle of Man. Spain gears up for LNG surge Under new legislation aimed at liberalising its gas industry, Spain looks set to diversify and substantially increase its supplies of liquefied natural gas over the coming year. Buyer interest in DFDS offshoot Transport and logistics group DFDS has confirmed reports that there is buyer interest in its Dan Transport Group subsidiary. It makes up some 90% of the group's revenue and is one of the top 10 transportation companies in Europe. Opec too late to prevent end of oil era - Yamani THE end of the oil age is nigh, according to former Saudi oil minister Sheikh Ahmed Zaki Yamani, and Opec has left it too late to save the day. CMA CGM joins the liner trades top ten FRANCE'S CMA CGM shipping group has made its entry into the world liner operators' top 10 for the first time.

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SEPTEMBER 5, 2000
DNV has lowest detention ratio $15M claim filed over bulker spill Ennore to open early Greek coast 'polluted with TBT' Hole found in Estonia wreck Pricing accord revives Suezmaxes Australian harvest outlook bad ABP buys Hull stevedore Olsen warns of crucial week for H&W Flying start for ro-ro service PTP fast-tracks expansion Call of the sea to UK's young Special deal urged for Indian yards

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SEPTEMBER 5, 2000
Les transporteurs bloquent toujours les dépôts pétroliers Depuis lundi, 4h00, les camions des adhérents de la FNTR, de TLF et de l’Unostra organisent le blocus d’une cinquantaine de raffineries et dépôts pétroliers dans toute la France (soit 90% des installations) ainsi que de deux aéroports: Nice et Bâle-Mulhouse. Les Pays-Bas acceptent le principe d’une écluse large de 25 m à Lanaye Le dossier est sorti du sas. Après de longues et difficiles négociations, les Pays-Bas ont donné leur accord de principe pour la construction d’une écluse large de 25 mètres à Lanaye. Jusqu’il y a peu, les Pays-Bas ne voulaient entendre parler que d’un sas de 18 mètres de large. La construction de ce quatrième sas - attendu depuis de très nombreuses années - entre le canal Albert et la Meuse nécessitera un investissement de quelque 3 milliards de BEF (les coûts environnementaux inclus). La poste néerlandaise reprend le logisticien américain CTI TPG a annoncé hier la reprise de CTI Logistx, la filiale logistique de la société américaine CSX Corporation. L’entreprise postale néerlandaise renforce de la sorte sa position de prestataire de services logistiques pour l’industrie automobile et fait ainsi partie des trois plus grandes entreprises logistiques du monde. L’entreprise a en outre noté pour les six premiers mois de l’année une hausse de son chiffre d’affaires de 19,5% et une progression du bénéfice net de 25,1%. L’entreprise a aussi annoncé la création d’une société pour financer et soutenir les divisions de commerce électronique.