Lines seek rate hikes on back of robust box trade [SINGAPORE] Another round of rate hikes and surcharges has been announced by the world's container shipping carriers eager to tap the strong container trade in order to offset rising bunker oil prices and operating costs.
Explosives used in attempt to free grounded ship
Asian officials meet in KL to discuss piracy
Derbyshire's dead crew cleared of blame
Cammell Laird to build 2 cruise ships
Air and Land Transport
Virgin Atlantic to buy Boeing 747s turned down by Alitalia [SEATTLE] The Boeing Co scored a hattrick of sorts in its commercial airplane division, with Virgin Airlines spurning rival Airbus Industrie's proposed A3XX in favour of five 747-400s that were ordered but later dropped by another airline, Italy's Alitalia.
Rival consortiums to raise bids for stake in Greek aerospace firm
New cargo airline to be set up in East Africa
Frankfurt airport handles record cargo
FedEx in talks to buy trucking company
CAL raises financial forecast for 2000
Features
Simulators can help settle maritime disputes MOST if not all maritime countries have at their disposal navigation simulators of some form or other.
Lines seek rate hikes on back of robust box trade [SINGAPORE] Another round of rate hikes and surcharges has been announced by the world's container shipping carriers eager to tap the strong container trade in order to offset rising bunker oil prices and operating costs.
Explosives used in attempt to free grounded ship
Asian officials meet in KL to discuss piracy
Derbyshire's dead crew cleared of blame
Cammell Laird to build 2 cruise ships
Air and Land Transport
Virgin Atlantic to buy Boeing 747s turned down by Alitalia [SEATTLE] The Boeing Co scored a hattrick of sorts in its commercial airplane division, with Virgin Airlines spurning rival Airbus Industrie's proposed A3XX in favour of five 747-400s that were ordered but later dropped by another airline, Italy's Alitalia.
Rival consortiums to raise bids for stake in Greek aerospace firm
New cargo airline to be set up in East Africa
Frankfurt airport handles record cargo
FedEx in talks to buy trucking company
CAL raises financial forecast for 2000
Features
Simulators can help settle maritime disputes MOST if not all maritime countries have at their disposal navigation simulators of some form or other.
Lines seek rate hikes on back of robust box trade [SINGAPORE] Another round of rate hikes and surcharges has been announced by the world's container shipping carriers eager to tap the strong container trade in order to offset rising bunker oil prices and operating costs.
Explosives used in attempt to free grounded ship
Asian officials meet in KL to discuss piracy
Derbyshire's dead crew cleared of blame
Cammell Laird to build 2 cruise ships
Air and Land Transport
Virgin Atlantic to buy Boeing 747s turned down by Alitalia [SEATTLE] The Boeing Co scored a hattrick of sorts in its commercial airplane division, with Virgin Airlines spurning rival Airbus Industrie's proposed A3XX in favour of five 747-400s that were ordered but later dropped by another airline, Italy's Alitalia.
Rival consortiums to raise bids for stake in Greek aerospace firm
New cargo airline to be set up in East Africa
Frankfurt airport handles record cargo
FedEx in talks to buy trucking company
CAL raises financial forecast for 2000
Features
Simulators can help settle maritime disputes MOST if not all maritime countries have at their disposal navigation simulators of some form or other.
Smith resigns as CEO of Fritz; Napier named president and COO Raymond L. Smith will leave the company Nov. 17 and.Fritz chairman Lynn C. Fritz will resume the chief executive's position. Graham R.F. Napier, chief operating officer, will become president.
CN takes equity stake in FreightWise Canadian National Railway Co. said that it has taken a minority investment stake in FreightWise Inc., a neutral, multi-modal Internet marketplace for buyers and sellers of transportation.
Cosco buys OOCL management system China Ocean Shipping (Group) Co. will be allowed full use of the Integrated Regional Information System (IRIS) developed by Orient Overseas Container Line Ltd. The deal involves a one-time license payment, but no royalties.
Europe's freight railroads not dead yet The trucking industry still far from declaring victory in its bid to derail the railroads.
FESCO, Great Western open joint U.S.-China service
FedEx acquires American Freightways LTL carrier
Stolt founder steps down as CEO
Bulk Transpo: Coal consumption to rise by 2010
Alabama slates $100 million in port improvements
Rickmers-Linie forms new U.S.-based company
Borrone 2000 recipient of 'Connie Award'
Compromise clears path for major new Berlin airport
Crew firms tap Chinese market ONE of Britain's top crew management companies has teamed up with a leading shipping consultancy, in a new joint venture aimed at bringing hundreds of Chinese seafarers on to the European market.
Opec confirms oil output ceiling OPEC yesterday ratified an agreement not to increase oil production any further this year as the cartel confirmed that Venezuelan oil minister Ali Rodriguez, a former Marxist guerilla, would become its next secretary-general. After four increases in output so far this year, Opec argued that it was already in danger of over-supplying the market and predicted that prices would soon fall from above $30 per barrel to its target range of $22-$28.
Philippines crude oil transportation contract sealed with Pilipinas Shell THE state-owned Philippine National Oil Company Shipping and Transport Corp has sealed a Peso60m ($1.2m) contract with Pilipinas Shell Corporation, writes Alec Almazan, Manila.
Stolt a step closer to breaking up The Stolt-Nielsen group moved a step closer to becoming three stand-alone businesses when the leading chemical tanker operator unveiled its second share restructuring exercise within the space of a year.
Sea Containers rejig SEA Containers is reorganising its ferry business to address declining profits and withdrawing from port operations, the company disclosed yesterday when reporting a big profit increase.
Amec yard workers balloted on 'pay cuts' WORKERS at the Amec offshore yard on Tyneside are considering strike action after claiming their pay has been cut by around 25%.
Riders of the lost ark return from ocean ordeal A modern-day Noah's Ark docked in South Africa yesterday, bringing 22 giraffes and three rhinos home after 40 days' fruitless sailing around Africa.
TyCom confirms options for Keppel cableships TYCOM has confirmed options for four cablelaying and repair ships worth a total of S$280m (US$160m) at Singapore's Keppel Hitachi Zosen.
L’UPTR menace de passer à nouveau à l’action Le conseil des ministres a approuvé vendredi dernier un avant-projet de loi relatif aux Code des taxes assimilées aux impôts sur les revenus. Préparé par le ministre Reynders (Finances), ce texte entre dans le contexte de l’”accord du 14 septembre” signé entre autres avec les associations de transporteurs routiers Febetra et SAV. L’UPTR, qui continue à juger cet accord trop vague, dit que les résultats de la réunion de ce mardi avec le Premier ministre devront s’avérer concrets; de nouvelles actions sont programmées au cas où tel ne serait pas le cas.
La navigation citernière fluviale s’apprête à traverser une période agitée La tendance à la baisse des frets dans le transport de produits liquides par la navigation intérieure ne pourra être infléchie qu’à condition de s’attaquer à la surcapacité dans le secteur. De plus en plus de citerniers à double coque font leur apparition sur le marché, alors que la consommation de pétrole et la demande de capacité de transport ne cesse de diminuer. “La flotte citernière internationale doit être adaptée à la baisse des volumes de transport”, a déclaré l’armateur allemand Hubert Petzelt, qui préside le groupe de travail “Navigation Citernière” de l’UINF, lors d’un atelier du deuxième congrès économique de la Commission centrale de la Navigation sur le Rhin, qui s’est tenu à Liège la semaine dernière.
Cobelfret Ferries entend poursuivre une stratégie de diversification L’armement belge Cobelfret Ferries a mis en service le roulier “Victorine”, dont c’était le baptême (1) vendredi dernier à Zeebrugge, qu’il aligne maintenant dans son service vers son terminal de Purfleet. C’est le dernier des 6 rouliers de 9.729 t.dw qui furent commandés au constructeur japonais Kawasaki Heavy Industries. L’armement exploite ainsi une flotte de 13 rouliers dont un affrété. Pour l’instant il n’y a pas d’autres projets de commandes de navires rouliers. “S’il s’avère que nous avons besoin de tonnage supplémentaire, nous penserons à vous”, devait déclarer Christian Cigrang, administrateur du groupe à l’adresse des représentants du chantier naval japonais, au cours du déjeuner qui suivit la manifestation. “Zeebrugge reste notre port principal. Au cours des dix dernières années les volumes ont considérablement augmenté et pour l’instant nous nous efforçons de privilégier l’amélioration de la qualité de nos services”, a-t-il dit.
Team Lines a confiance dans la fonction feeder d’Anvers La société de feedering allemande Team Lines est depuis août 1999 également active à Anvers. Le temps est dès lors venu pour le management de dresser le bilan et de révéler les projets d’avenir. Cela a été fait à l’occasion d’une visite rendue à Anvers où l’armement a la ferme intention de promouvoir entièrement la fonction de feedering.
Korean yards to suffer profit decline Daewoo Securities say Korean shipbuilders will see a significant decline in sales profits despite their massive order intakes.
MISC ship refloated from Great Barrier Reef A twelve-day salvage operation has finally managed to refloat the grounded container vessel Bunga Teratai Satu.
Premuda linked to Greek oil spill Greek officials have pointed the finger at Stefano Rosina's Premuda over a pollution incident near Athens.
Korea hits back over yard subsidies South Korean shipbuilders believe hidden agenda of German yards driving EC tanker and containership pricing probe.
Chemikalien Seetransport orders from Korea The German shipowner faces quite a long wait for its new products/chemical tankers, but the late delivery dates may have knocked the price down.
Ferry profits down at Sea Containers Strikes and fuel protests in Europe have hit ferry earnings at Bermuda-based transport and leisure group Sea Containers, but other divisions compensated.
Precious halves losses Thailand's Precious Shipping is heading in the right direction following its debt reorganisation, but remains plagued by currency losses.
Keppel clinches TyCom cable ship orders The Singapore yard has followed up its earlier success in the cable ship market and secured more orders from the US operator.
Ferry holed in English Channel The Estonian ro-ro ferry Neptunia has limped into a French port following a collision with a Dutch tug.
Dominant dollar drags down ICTSI Philippines port operator International Container Terminal Services Inc is still taking big hits from currency depreciation.
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