MPA asked to invalidate tanker's ISM certificate [SINGAPORE] The Norwegian classification society Det Norske Veritas (DNV) has asked the Singapore Registry of Ships to invalidate the International Safety Management (ISM) certificate issued to the troubled Neptune Dorado.
United Air chalks up bigger-than-expected loss [CHICAGO] UAL Corp, parent of United Airlines, the world's largest airline, said it lost a greater-than-expected US$64 million (S$112 million) in the third quarter before one-time items, as flight cancellations and delays and higher costs for fuel and wages hurt results.
Korean Air pilots call off strike
Kansai airport sinking faster than expected
Cathay to unveil more jet orders as part of HK$20b fleet expansion
MPA asked to invalidate tanker's ISM certificate [SINGAPORE] The Norwegian classification society Det Norske Veritas (DNV) has asked the Singapore Registry of Ships to invalidate the International Safety Management (ISM) certificate issued to the troubled Neptune Dorado.
United Air chalks up bigger-than-expected loss [CHICAGO] UAL Corp, parent of United Airlines, the world's largest airline, said it lost a greater-than-expected US$64 million (S$112 million) in the third quarter before one-time items, as flight cancellations and delays and higher costs for fuel and wages hurt results.
Korean Air pilots call off strike
Kansai airport sinking faster than expected
Cathay to unveil more jet orders as part of HK$20b fleet expansion
National Transportation exchange gets new name, new focus The online transportation exchange had adopted a new business model and had changed its name. The Downer's Grove, Ill.-based company, now to be known simply as NTE, has expanded its services from spot-market load matching on LTL truck cargoes.
Former Wisconsin Central chief seeks to regain control Edward Burkhardt, former chairman, president and chief executive of the railroad, has begun an effort to replace the board of directors that dismissed him 15 months ago.
Amerijet moves to new headquarters in Fort Lauderdale
AAEI slams Customs for disclosing 1592 fines
CP Ships' profit doubles as cargo volume rises 31%
Online cargo insurance application now available in Europe
RCS Group opens refrigerated box facility in Panama
Canadian Pacific earnings jump in third quarter
CSX names Johnson senior vp, e-business
New dot-org for international trade dot-coms
FedEx Ground opens Northeast hub
Latin America retailer picks Manugistics for supply chain management
P&O Princess Cruises clinches America Online deal P&O Princess Cruises marked the first day of its demerger from the P&O Group by signing a multi-million dollar alliance with America Online that will give customers access to a whole range of new interactive marketing products, writes Janet Porter.
Spin off sets Daewoo chasing global crown DAEWOO Shipbuilding, one of the world's most powerful yards, is free of crippling debts at last and well positioned with a fat orderbook.
Fredriksen oil minnow plans portfolio expansion OUT-of-work oilmen who are able and willing to move to Oslo can now send their curricula vitae to a new prospective employer: John Fredriksen.
Middle East debut puts Sea Launch on track SEA Launch over the weekend successfully placed the Middle East's first mobile communications satellite into space, after a two-day launch delay, writes Rajesh Joshi.
Cash boost for North Sea jobs BRITISH oil and gas operators' investment plans for 2001 could create 25,000 new jobs in the industry, according to the latest figures from the UK Offshore Operators Association.
German flag flies high on tonnage tax GERMAN shipowners are flagging out fewer vessels in 2000 and many have even returned their ships to the German flag, but they have warned the federal government against complacency.
Order flood to boost Japan and Europe yards A new report on the newbuilding market from MSR-Consult of Denmark predicts that strong contracting activity will be sustained globally for the next year at least.
The presidents of four insurance companies join hands in Tokyo The presidents of four insurance companies join hands in Tokyo yesterday as they announce an alliance on mutual product sales and the joint development of computer systems. The quintet are: Takeo Inokuchi of Mitsui Marine and Fire Insurance; Hiroyuki Uemura of Sumitomo Marine & Fire; Ikuo Uno of Nippon Life Insurance and Shuichi Sudo of Dowa Fire & Marine.
Westerlund s’assure un contrat à long terme de plus de 1 mio. de t de produits forestiers par an Le grand spécialiste européen de la manutention, du stockage et de la distribution de produits forestiers, le groupe belge Westerlund, a obtenu un contrat à long terme (6 ans au minimum) passé avec d’importants producteurs de produits forestiers, à savoir UPM-Kymmene, Metsä Serla, Metsä Botnia et Myllykoski Paper, qui a démarré le 10 octobre dernier et porte sur leurs expéditions combinées vers l’Europe centrale et de l’Ouest. Il s ‘agit d’un volume annuel de plus d’un million de tonnes de produits forestiers, qui transiteront donc par les terminaux du groupe anversois.
Mitsui OSK s’attend à une forte croissance du bénéfice Mitsui OSK Lines (MOL), armement japonais qui est actif dans la navigation de ligne et le transport de voitures et de gaz, semble se diriger sur une hausse de 50% de son bénéfice durant l’exercice en cours, qui expire fin mars 2001. C’est le président Kunio Suzuki en personne qui a annoncé la bonne nouvelle à l’occasion de sa première visite à Londres depuis qu’il a pris les rennes de l’armement japonais en juin dernier. “1999 a été un bon cru. Notre division de containers a renoué avec le bénéfice pour la première fois depuis vingt ans et il semble que le résultat s’inscrira à nouveau en hausse cette année”, a-t-il déclaré.
Les syndicats gantois veulent davantage de travail pour les ouvriers portuaires Les syndicats socialiste BTB et chrétien CVD, qui représentent ensemble la majorité des dockers locaux, ont sévèrement critiqué la semaine dernière la politique menée au port de Gand. Ils font ainsi grand cas de la baisse du contingent d’ouvriers portuaires et de ce qu’ils ressentent comme une incapacité à attirer des trafics maritimes à grande intensité de travail permettant d’employer ces dockers. Aucune action n’est toutefois annoncée.
Exel, UPS Logistics et Ford Europe constituent une alliance Le groupe britannique Exel et la branche européenne de UPS Logistics ont constitué une alliance dans le but de procéder à une étude sur l’amélioration de la logistique entrante de Ford Europe et - dans une seconde phase - de développer de nouvelles spécifications de processus. Ces deux tâches seront exécutées en parallèle. Leigh Pomlett, le président d’Exel Automotive Worldwide, s’attend à ce que l’implémentation des processus logistiques prenne trois ans.
CP Ships sees record third quarter Financial figures at the Canadian liner operator continue to power ahead.
Greek ferries free to sail again Authorities declare bulk of detained Greek passenger ships safe to sail again.
Mystery backers pushing Vietnam newbuilding plan A shadowy group of investors is planning to transform a Vietnamese shipyard into a production line for a European shipowner.
Rex Harrington to join Liberian flag LISCR has recruited the doyen of ship finance to aid its plans for an overhaul of the ship registration process.
P&O Princess makes debut Trading has begun in P&O's latest spin off project Princess Cruises.
Daewoo shipbuilders go it alone After months of discussion Daewoo's shipbuilding unit has broken free of its debt-laden chaebol parent.
Exchange rate losses colour Brovig's results A strong US dollar is pushing up paper losses for Norwegian supply vessel operator Brovig.
Canada port state control nets 13 offenders Port state control officials in Canada pulled in several ships with structural deficiencies during September.
Ship disposals prompt Nepline tanker order The Malaysian shipping firm plans to order new tanker tonnage after the sale of two aframaxes to American Eagle Tankers.
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