Chemoil, Itochu tie up to take on local oil market [SINGAPORE] US-based independent bunker seller Chemoil Corp, one of the world's largest independent physical bunker suppliers, has joined hands with Itochu Corp in a joint venture to carry out fuel oil trading and bunkering activities in Singapore.
Cosco Int'l in talks to buy Cosco Network
Semb Marine wins $66m deal
Two die in bulker sinking
Air and Land Transport
Ailing Thai airline seeks a lift from foreign partner [BANGKOK] Thailand's ailing, second-largest national airline is considering offers from more than 10 parties and will announce a strategic partnership in October, chairman Somchai Bencharongkul said on Wednesday night.
Cathay Pacific likely to raise cargo capacity
Concorde engines undergoing safety refinements: BA
Japan carriers to set up e-commerce site
UPS bags US$150m deal from US chipmaker
Telstra tie-up will boost sales by up to A$700m:Qantas
Chemoil, Itochu tie up to take on local oil market [SINGAPORE] US-based independent bunker seller Chemoil Corp, one of the world's largest independent physical bunker suppliers, has joined hands with Itochu Corp in a joint venture to carry out fuel oil trading and bunkering activities in Singapore.
Cosco Int'l in talks to buy Cosco Network
Semb Marine wins $66m deal
Two die in bulker sinking
Air and Land Transport
Ailing Thai airline seeks a lift from foreign partner [BANGKOK] Thailand's ailing, second-largest national airline is considering offers from more than 10 parties and will announce a strategic partnership in October, chairman Somchai Bencharongkul said on Wednesday night.
Cathay Pacific likely to raise cargo capacity
Concorde engines undergoing safety refinements: BA
Japan carriers to set up e-commerce site
UPS bags US$150m deal from US chipmaker
Telstra tie-up will boost sales by up to A$700m:Qantas
Shippers associations prosper on OSRA The groups have helped small- and mid-sized importers and exporters gain greater bargaining power.
UPS snares National Semiconductor logistics account from FedEx UPS gets five years, $150 million to run NatSem's global supply chain.
Shipowners attracting record rates for charters The bull market is is seeing record highs for most types of vessels.
L.A. Harbor board OKs Maersk's 25-year lease Pier 400 will be the largest box terminal in the world when done.
DOT calls for industry talks on HOS truck rules The controversial rules overhaul hours-of-service guidelines.
Euro bureaucrats should quit while they're ahead on bulk shipping Regulators' latest foray into the tanker business has done a world of good for the industry - for the moment.
Marine Transport Corp. posts second-quarter loss
Tradiant teams up with Vitria Technology
BNSF to develop intermodal terminal, auto facility in Joliet
G-Log, webMethods form e-commerce transportation partnership
TNT Post Group launches online payment service
BA World Cargo reports 13% gain in revenue
APL names Teoh director for Asia/Middle East
JAL, Vietnam Airlines to start service between Tokyo, Ho Chi Minh City
Coal, intermodal gains spur slight increase in rail traffic
Katie saga: Ship escorted to Quebec; may be impounded
Hvide Marine cuts losses "We are gradually turning the corner," commented Hvide Marine, Inc.CEO Gerhard E. Kurz. as the company today reported a net loss of $3.3 million or $0.33 per diluted share for the quarter ended June 30, 2000. That compares with a net loss of $23.7 million or $1.53 per diluted share for the year-earlier period.
Metrostar lands ten tanker deal THEODORE Angelopoulos' Metrostar group has emerged as the winner of a bidding war in the massive en bloc sale of 10 World-Wide Shipping tankers.
Canada Maritime rocked by departure of Gordon Braun CANADA Maritime has been rocked by a shake-up of top management with chief executive Gordon Braun leaving the company, claim well- placed sources.
Den norske Bank purge pays off DEN norske Bank's celebrated internal clean-up and purge of high-risk borrowers launched in the autumn of 1998 has nearly halved its exposure on oil and gas related loans, to NKr5.6bn ($629m) as of June 30. The figure had been about NKr10bn two years ago.
Repsol profits surge on back of YPF acquisition ENERGY group Repsol YPF has said its first-half net profit rose by 303% to E1.14bn ($1.03bn), boosted by high oil prices and by the rewards of last year's purchase of Argentina's leading oil company YPF.
'More surgery needed' to bring value to P&O FURTHER restructuring to unlock shareholder value remains necessary at P&O even after the forthcoming demerger of its cruise business, a leading investment bank has warned.
P&O Princess shares to be rated below US peers SHARES in the de-merged P&O Princess cruise business will initially be rated at just below the weighted average of its US peer group, UBS Warburg believes, Tony Gray writes.
Tirrenia, Fincantieri discuss third ro-pax ITALIAN state-owned ferry operator Tirrenia di Navigazione and Fincantieri are in negotiations over an order for a fast conventional ferry worth more than E100m ($91m), Lloyd's List can reveal.
Row goes on as Katie reaches port The US-owned ro-ro GTS Katie tied up in the port of Becancour yesterday with no apparent end in sight to the commercial dispute that saw her forcibly boarded by Canadian forces intent on retrieving $150m worth of military hardware, writes Sandra Speares.
Lloyd Triestino donne une nouvelle dimension au service CEM Lloyd Triestino, filiale de Evergreen, va profondément modifier son service CEM entre la Chine, l'Europe et la Méditerranée à partir de la semaine 34 en alignant une nouvelle flotte de porte-containers plus grands et plus rapides. Il s'agit de navires postpanamax du type "U" de Evergreen, pouvant embarquer 5.364 TEU et atteindre une vitesse de croisière de 25 nœuds. Le premier départ est programmé pour le 21 août, lorsque le "LT Ursula" lèvera l'ancre à Shanghai.
Autriche : road-pricing pour le transport TIR à partir du 1er juillet 2002 Le conseil des ministres autrichien a décrété que le péage automatique (road-pricing) pour les transports routiers TIR entrera en vigueur le 1er juillet 2002. Toutefois, Michael Schmid, ministre de l'Infrastructure et des Transports, a annoncé que le délai pour la soumission de devis relatifs au système de perception du péage (échéance prévue: 15 août 2000) a été prorogé de trois mois "afin de pouvoir choisir la solution la plus moderne et la plus économique".
Hausse de 25% du trafic combiné Hongrie/ports allemands Intercontainer/Interfrigo signale qu'au premier semestre de cette année, un trafic record a été noté entre les ports maritimes allemands et la Hongrie. Ce trafic a enregistré une progression de 25%, malgré la grève des deux premières semaines de février chez MAV.
Color guarantee to lift boycott Color Line is putting up a guarantee to lift the four-day-old union blockade of a chartered-in ferry.
Hvide turning the corner US offshore operator and tanker owner Hvide Marine Inc is steadily improving as first-half results reveal, but there is still a long way to go.
DnB ship lending rises Norway's biggest bank DnB Group has increased its exposure to shipping in the first half this year, but is focusing on high-quality clients.
Christiania ship lending up 15% Norway's second bank has recorded a 15% rise in lending to shipping, but much of the increase is due to the stronger dollar.
Swire chief shifts to LevelSeas Hong Kong's Swire Group shipping company China Navigation has lost its managing director to the dot.com world.
Losses weigh down Silja Line Fuel costs and the abolition of duty free sales in the Gulf of Bothnia are making heavy weather for Finnish cruiseship and ferry operator Silja Group.
Kvaerner slammed in US audit Anglo-Norwegian group Kvaerner is being scathingly criticised for wasting millions of US taxpayers' dollars in a Philadelphia shipyard deal.
Ming Wah Universal profits soar Singapore-stocklisted Ming Wah Universal (Bermuda) Co is expecting a buoyant second half to the year, based on its earnings for the first six months of 2000.
SembCorp Marine nets first cablelayer Singapore's SembCorp Marine has boosted the newbuilding orderbook for subsidiary Jurong Shipyard with a $66m contract.
SCI three-way split planned Plans to focus the state-owned Indian shipping company on three key areas have been made in a report from consultants.
Bulkers boost Finland's Aspo Higher coal and iron ore shipments by ESL Shipping help Finland's Aspo Group to a strong first-half result.
Cammell Laird cash earmarked for Varna Bulgarian officials have detailed plans to spend up to $10m of Cammell Laird's funds as part of its rescue bid for Bulgaria's Varna Shipyard.
Daewoo talks up buyer interest Troubled Korean shipbuilder Daewoo says an Austrlian company is interested in buying into its shipbuilding unit, but observers are skeptical.
Bohai Shipyard nets new tanker order China's Bohai Shipyard is beefing up its small tanker orderbook, while it awaits confirmation on Suezmax and Aframax newbuildings.
Australia nets two offenders July was a quiet month for Australia's notoriously thorough port state control teams, who detained just two vessels during the month.
Pictures reveal seriousness of engine girder defects TradeWinds has obtained photos which give some of the first indications of VLCC engine bedplate problems.
OSG operating income jumps The US bulk shipowner has benefited from the rise in tanker rates but the bottom line still reflects restructuring costs.
Advisors appointed for LASCO sell-off The four year saga of Latvian Shipping Co's privatisation has moved a step closer with the selection of auditors to advise on the sell-off process.
Marine Transport logs losses US shipowner Marine Transport Corp has unveiled second quarter and interim losses, after being forced to pay out high charterhire levels during the year to date.
Moller linked to fresh boxship orders Danish giant A P Moller is rumoured to be in the process of firming up an order for up to five boxship newbuildings in Korea.
Frontline wins Golden Ocean battle Shipowner Frontline sailed through a hearing at a Delaware bankruptcy court on Friday and could take over Golden Ocean assets from next week.
Frontline coup hailed by market If timing is everything in business, John Fredriksen's next key decision after buying the 13 modern VLCCs formerly owned by the Golden Ocean Group will be when to sell out.
Cablelayer boom nets GulfMark $3.6m Strong demand for cablelayers has resulted in a healthy profit on the sale of a platform supply vessel for the US company.
Cargoship Estela named rustbucket Port state control authorities in the Paris MOU region have singled out a small freighter with serious structural corrosion for its latest "rustbucket of the month" title.
Aker rejects "too low" Kvaerner bid Company owned by Kjell Inge Rokke has turned down the $500m offer from rival led by chairman Christian Bjelland as the takeover battle intensifies.
Pacific Carriers nets profit on newbuildings Asian shipowner Pacific Carriers has raked in over $2m profit each on the sale of two product tankers to OMI Corp.
Maritrans earnings slide Interim profits fell for US tanker owner Maritrans Inc, but the company remains upbeat about future plans.
Jacobs in profits warning The quoted UK shipping and logistics company has warned of a first-half operating loss as its internet delivery service fails to take off.
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