Bengal Tiger sees smooth sailing in Bay of Bengal [SINGAPORE] With the regional crisis fast becoming a memory and freight rates inching their way upwards, Bengal Tiger Line (BTL) managing director, Joachim van der Heydt, is cautiously optimistic of his feeder line's future.
3 Japanese yards hope tie-up will cut costs by 20%
S&P revises Teekay's outlook to stable from negative
Air and Land Transport
KL in no hurry to raise domestic airfares by 50% [KUALA LUMPUR] Malaysia is studying a proposal by loss-making flag carrier Malaysian Airline System (MAS) to raise airfares on domestic routes by 50 per cent, Transport Minister Ling Liong Sik said yesterday. Dr Ling said the government has to consider the ability of the people to pay, domestic tourism, the integration between peninsula Malaysia and Sabah and Sarawak states on Borneo island, as well as MAS viability as a commercial entity.
Cathay adds 20 more flights to Asian network
Vietnam Airlines gets nod to buy three planes
Garuda plans purchase of 7 jets
Proton to inspect up to 8,000 cars for suspension defects
Deutsche Post forced to open segment of mail delivery to UPS
BA to impose cargo fuel surcharge
Features
Britons miss out on bargains [LONDON] IF ever there was a time to cash in those savings or use a lottery win to sail into the sunset on holiday, it is now. For "sail", however, read "sale" as cruise lines struggle hard to avoid going into the red. Many are being forced to slash fares in order to fill a sizeable overcapacity of berths because of what some financial observers regard as a reckless over-ordering of new ships. As well as the big fleet of new ones, mainly the super kind already operating, some '10 billion (S$2.45 billion) worth is under construction or on order.
Bengal Tiger sees smooth sailing in Bay of Bengal [SINGAPORE] With the regional crisis fast becoming a memory and freight rates inching their way upwards, Bengal Tiger Line (BTL) managing director, Joachim van der Heydt, is cautiously optimistic of his feeder line's future.
3 Japanese yards hope tie-up will cut costs by 20%
S&P revises Teekay's outlook to stable from negative
Air and Land Transport
KL in no hurry to raise domestic airfares by 50% [KUALA LUMPUR] Malaysia is studying a proposal by loss-making flag carrier Malaysian Airline System (MAS) to raise airfares on domestic routes by 50 per cent, Transport Minister Ling Liong Sik said yesterday. Dr Ling said the government has to consider the ability of the people to pay, domestic tourism, the integration between peninsula Malaysia and Sabah and Sarawak states on Borneo island, as well as MAS viability as a commercial entity.
Cathay adds 20 more flights to Asian network
Vietnam Airlines gets nod to buy three planes
Garuda plans purchase of 7 jets
Proton to inspect up to 8,000 cars for suspension defects
Deutsche Post forced to open segment of mail delivery to UPS
BA to impose cargo fuel surcharge
Features
Britons miss out on bargains [LONDON] IF ever there was a time to cash in those savings or use a lottery win to sail into the sunset on holiday, it is now. For "sail", however, read "sale" as cruise lines struggle hard to avoid going into the red. Many are being forced to slash fares in order to fill a sizeable overcapacity of berths because of what some financial observers regard as a reckless over-ordering of new ships. As well as the big fleet of new ones, mainly the super kind already operating, some '10 billion (S$2.45 billion) worth is under construction or on order.
Bengal Tiger sees smooth sailing in Bay of Bengal [SINGAPORE] With the regional crisis fast becoming a memory and freight rates inching their way upwards, Bengal Tiger Line (BTL) managing director, Joachim van der Heydt, is cautiously optimistic of his feeder line's future.
3 Japanese yards hope tie-up will cut costs by 20%
S&P revises Teekay's outlook to stable from negative
Air and Land Transport
KL in no hurry to raise domestic airfares by 50% [KUALA LUMPUR] Malaysia is studying a proposal by loss-making flag carrier Malaysian Airline System (MAS) to raise airfares on domestic routes by 50 per cent, Transport Minister Ling Liong Sik said yesterday. Dr Ling said the government has to consider the ability of the people to pay, domestic tourism, the integration between peninsula Malaysia and Sabah and Sarawak states on Borneo island, as well as MAS viability as a commercial entity.
Cathay adds 20 more flights to Asian network
Vietnam Airlines gets nod to buy three planes
Garuda plans purchase of 7 jets
Proton to inspect up to 8,000 cars for suspension defects
Deutsche Post forced to open segment of mail delivery to UPS
BA to impose cargo fuel surcharge
Features
Britons miss out on bargains [LONDON] IF ever there was a time to cash in those savings or use a lottery win to sail into the sunset on holiday, it is now. For "sail", however, read "sale" as cruise lines struggle hard to avoid going into the red. Many are being forced to slash fares in order to fill a sizeable overcapacity of berths because of what some financial observers regard as a reckless over-ordering of new ships. As well as the big fleet of new ones, mainly the super kind already operating, some '10 billion (S$2.45 billion) worth is under construction or on order.
West Coast container volume sizzled in August With double-digit increases in containerized imports in August, West Coast ports are on track for another record-breaking peak shipping season. August is the midway point in the holiday shipping season.
Gov't asks Supreme Court to review HMT refunds The government has petitioned for a Court review of an order under which exporters would get close to full refunds of the unconstitutional Harbor Maintenance Tax.
FedEx posts 2nd quarter earnings gain of 6% The package carrier earned $169 million in its fiscal second quarter ended Aug. 31, from last year's $159 million.
New video card series means business The Matrox Millennium G400 expands the business user's horizon with extended spreadsheet and research capabilities.
UPS to expand service to Thailand
AAPA asks Hollings to slow down port-security bill
Matson raises fuel surcharge to 4.25%
Ryder takes on technology from Viewlocity and Descartes
Fuel protests continue in Europe
Thamesport names David Gledhill general manager
Terry Hunter, head of San Francisco Marine Exchange, dies
Anangel-American Shipholdings reverses second-quarter loss
Cosco extends logistics network, upgrades air cargo
Danish logistics company reportedly for sale
Restored Korea rail expected to slash European freight costs
Malaysia's Port Kelang to boost container capacity
American Airlines Cargo announces fuel surcharge increase
Indian unions threaten strike over P&O Ports deal at Chennai
Debate over Title XI spending goes to conference committee
DOT asked to investigate project to replace aging Great Lakes icebreaker
EU poised to compromise over end to single hulls EU transport ministers are expected to agree a negotiating position for International Maritime Organisation talks in October on an early phasing out of single hull oil tankers, diplomats said.
Stelios slams Cyprus delay OUTSPOKEN airline and internet entrepreneur Stelios Haji-Ioannou has rapped financial officials in his native Cyprus for what he described as a paranoid reaction to listing shipping companies on the island's bourse.
US underwriting losses send insurers into freefall THE US property/casualty insurance industry saw its combined net income plunge in the first half of this year, to $10bn from $14.9bn in the first six months of 1999, as its underwriting performance deteriorated sharply.
Sinopec on the way to $3bn listing CHINESE oil giant Sinopec will offer about 18bn shares in a US$3bn initial public offering and is in talks to sell some of the shares to Hong Kong-listed firms, including Li Ka-shing's Hutchison Whampoa, a source close to the deal said yesterday.
Broström forges new tanker alliance BROSTRÖM, the Swedish logistics group, has unveiled its third commercial alliance in product tankers within a week, and reiterated that the deals were part of an aggressive drive to forge market consolidation.
Schröder ducks euro quizzing GERMANY'S once-chatty chancellor Gerhard Schröder has learned that with fuel protest raging across his country and beyond, and with the euro plumbing new lows, it is sometimes best to let others do the talking.
Croatian yard targets increased production CROATIA'S 3.Maj shipyard is looking to build up its production to five ships a year by 2003 at the latest as part of an effort to improve its financial performance.
Venezuela offer still on the table CLEAN tanker owners should not take Venezuela's offer of extra oil products for the US markets too seriously, analysts warn.
Charleroi inaugure la phase rail/route de son terminal trimodal Le Charleroi Dry Port (CDP), terminal trimodal rail/route/voie d’eau, a été officiellement ouvert vendredi dernier par le ministre-président de la Région wallonne Jean-Claude Van Cauwenberghe, qui est l’ancien bourgmestre de Charleroi. “Cet outil, fruit d’une volonté politique et industrielle, doit maintenant devenir un atout économique important pour la région”, a déclaré Marc Dubois, general manager d’Inter Ferry Boats, opérateur de l’infrastructure. Mais comme l’a souligné de son côté très justement le ministre-président, il faudrait davantage ds locomotives et de machinistes pour tracter les trains de marchandises...
Les bateliers belges veulent réintroduire le supplément gasoil Les entrepreneurs fluviaux, actifs dans le transport des marchandises sèches, veulent, tout comme leurs collègues du transport citernier, réintégrer la clause sur le gasoil dans les contrats fret. Ils veulent retrouver ce supplément dans les contrats à partir de la semaine prochaine. Si ce n’est pas le cas, ils menacent de ne plus accepter des cargaisons à partir du lundi 25 septembre. La chambre syndicale belge des intermédiaires du transport fluvial a été informée de ces revendications par téléphone.
Les cheminots de la CGSP s’opposent à la filialisation d’ABX Le secteur “Cheminots” de la Centrale générale des Services publics (qui dépend de la FGTB socialiste) estiment dans un communiqué qu’il ne saurait être question de filialiser les activités d’ABX “et de laisser l’ardoise à la SNCB”. Ce communiqué fait suite à la déclaration que nous a faite Etienne Schouppe concernant la filialisation de cette division.
Les actions des transporteurs routiers se poursuivent dans plusieurs pays Alors que la tension baisse dans certains pays, des vagues de protestation s’élèvent ailleurs contre le niveau trop élevé du prix du diesel et des accises. En Norvège, Finlande et Suède, des barrages menacent de paralyser l’économie, alors que dans d’autres pays des barrages locaux se dressent un peu partout. Ainsi, la circulation dans le centre de Hambourg est sur le point d’être bloquée. La situation en Europe n’est pas tout à fait claire: au moment de clôturer cette édition, elle était plus ou moins la suivante.
OSG and NOL mull Aframax hook up Fallout from the oil major mergers is encouraging discussions on a new Aframax fleet tie-up.
Profits plunge at Finnlines Finnish shipowner Finnlines has seen a sharp fall in its interim profits, blaming high oil prices and the weak euro.
Bentley holds Frontline to Golden Ocean deal Rival shipowners John Fredriksen (left) and Victor Restis at the centre of bulk carrier puzzle.
Frontline buys own shares Tanker owner exercises option agreed as part of suezmax newbuilding deal.
Moller checks engine bedplates Shipowners with Korean-built 7RTA84T-B Sulzer engines are inspecting their vessels.
Brostrom and Rigel form tanker alliance The Swedish and German companies have agreed a commercial management deal in a further sign of consolidation in the products trade.
UK blames flooding of Sonia on "neglect" The UK's Marine Accident Investigation Branch has accused successive owners of the cargoship Sonia of neglect, following an incident last year which led to its scrapping.
Japanese yards look for substantial cost reductions Cost savings key to shipbuilding alliance.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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