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S'pore logistics start-up expands into region
[SINGAPORE] A Singapore-based logistics start-up has expanded aggressively into the region and clinched several blue-chip clients despite having set up shop only three months ago.
Chittagong port's cargo volume up
Royal Caribbean's Q2 profit up 9.1%
KCT's earnings may be affected by merger with 2 other operators
Mitsubishi to cut 500 shipyard jobs
Tianjin port's cargo throughput soars
Port shots

Air and Land Transport

Pressure increases for third Paris airport
[PARIS] The long-running debate on whether to build a third airport for Paris has been given a new twist by Tuesday's crash of an Air France supersonic Concorde.
Indian Airlines to call for final fleet tenders this week
PAL in code-share pact with Gulf Air

web site

Shipping News

S'pore logistics start-up expands into region
[SINGAPORE] A Singapore-based logistics start-up has expanded aggressively into the region and clinched several blue-chip clients despite having set up shop only three months ago.
Chittagong port's cargo volume up
Royal Caribbean's Q2 profit up 9.1%
KCT's earnings may be affected by merger with 2 other operators
Mitsubishi to cut 500 shipyard jobs
Tianjin port's cargo throughput soars
Port shots

Air and Land Transport

Pressure increases for third Paris airport
[PARIS] The long-running debate on whether to build a third airport for Paris has been given a new twist by Tuesday's crash of an Air France supersonic Concorde.
Indian Airlines to call for final fleet tenders this week
PAL in code-share pact with Gulf Air

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Canadian rails revise western grain rates CN and CP will gift growers with lower costs for freight this summer. Tanker owners await bonanza as rates soar Increasing exports of crude oil and an imminent shortage of ships is sparking a jump in tanker freight prices. CSX earnings slip, but railroad is recovering After problems with the Conrail integration, some progress. China exporters slam increasing ocean rates They complain of frequent rate hikes by foreign carriers. It's Japan trade policy time again Who says that last week's Group of Eight summit in Okinawa was a non-event? Consolidated Freightways returning headquarters to Pacific Northwest GATX Rail Logistics unveils Web railcar management Cargo volume sets record for Port of Vancouver Swissair eyed as shareholder in Malaysia Airlines Chilean port traffic up 7% in first half Czech government to sell stake in Czech Airlines Singapore Airlines mulling Airbus purchase Cathay's Hong Kong-China service to slash delivery times Strike could disrupt British rail Temporary solution advanced to ease Brenner Pass dispute EU challenges Spain over shipyard subsidy

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Zhanjiang looks to catch up Long Beach rebound ESB grants Dragonair 3 wishes Emirates, Air France to take A3XX Shenyang-Moscow flight inaugurated

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JULY 27, 2000
Antwerp second port in Europe Fuel, currency spurring Asian rate hikes New access charges Railtrack in UK 'e-Marketplaces end up in strong virtual supply chains' USD 200 million injection for Argentinian airline Neodesic launches Fleetxchange.com Eagle reports strong growth in US

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Copra import duty hike likely SC terms EU as 'one territory' for applying Customs Tariff Act Dumping duty on Taiwan's acrylic fibre Fresh duty hike on palmolein mooted Workshop on tea exports CMAI garment fair from Aug. 1 FTA with Brazil in pharma sector likely EPCs, CBs asked to draw up medium-term plans EEPC seeks DEPB facility for all capital goods Bank loans to cost more Excise norm hits in-house cotton yarn users CII report stresses need for technological upgradation of sugar mills Rs 902 cr duty drawback disbursed India seeks US investment in food processing Limited Partnership Act for SSIs on the cards Questionnaire on service tax

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JULY 27, 2000
Crude up a little on fears that Saudi Arabia might not deliver Rotterdam little changed since late last week Singapore seen stabilising/rebounding after soft week Russia competitive despite limited stocks Demand picks up in the Baltic UK and Continent market review Saudi Arabia market snapshot Fujairah market snapshot Suez market review African East Coast market snapshot African West Coast market review Fine avails in Las Palmas South Africa: Fuel oil down by $10 Italy and Malta market review Short term congestion in Gibraltar Istanbul market snapshot Piraeus market review Steady in Japan Good avails driving South Korea prices down Hong Kong bunkers down $10 New weekly global averages

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JULY 27, 2000
Nieten terminal DSV takes over Swe Parcel Vopak and Essberger cooperate New Dutch ventures Circle UK is expanding New RoMo Bulgaria-Romania Deutsche Post AG D.Logistics AG Thiel Logistik AG Schenker AG Dutch TNT Post VTG-Lehnkering AG Contship enhances Trans-Tasman trade

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JULY 27, 2000
Transocean Sedco Forex beats Wall Street's expectations Beating Wall Street analysts' expectations, Transocean Sedco Forex Inc. today announced that net income for the three months ended June 30, 2000 was $35.9 million, or $0.17 per diluted share, on revenues of $299.2 million. EC takes Spain to European Court The European Commission has referred a case involving Spanish shipyard aid to the European Court of Justice. It follows Spain's failure to comply with a Commission decision ordering the recovery of illegal state aid.

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Cabotaggio Nel Dpef la compagnia accusata di distorsione del mercato proprio dal suo azionista di riferimento Anche il Tesoro contro Tirrenia Il ministero si «schiera» con i concorrenti che hanno ottenuto da Bruxelles l'apertura di una procedura d'infrazione La società pubblica fa gola ai gruppi privati e alle Regioni L'associazione dei cantieri privati contesta la linea Monti sul dumping «Ue troppo debole con la Corea» Finanziamenti al molo polisettoriale Evergreen Taranto, per lo scalo 30 mld dalla Puglia Per i lavoratori dei porti fatto l'accordo sul contratto

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Singapore urged to lead on safety THE International Commission on Shipping has urged Singapore to take a leading role in the international fight to combat substandard shipping. Part time chairman back at Lloyd's LLOYD'S, the world's most prestigious insurance market, is to go back to having a part-time chairman, writes James Brewer. Brøvig set for black on back of Erika BRØVIG Offshore, the Oslo-listed oil production concern, yesterday said a contract on removing oil from the Erika would contribute towards its return to profitability in the third quarter. Deutsche Post merges subsiaries into Danzas Euronet DEUTSCHE Post has reorganised part of its freight and logistics operation with the merger of its Hannover-based intermodal subsidiary Danzas NTO with Deutsche Post Transport & Logistik. Duke Street says ports are undervalued BRITAIN'S port sector is "disregarded and undervalued" by the market, according to Duke Street Capital, the private equity investor behind the recent failed takeover bid for Forth Ports of Edinburgh. Riot police called in as officials from ferry-jammed Rafina call for port blockade THOUSANDS of Greek ferry travellers faced the possible disruption of their summer vacation as the port of Rafina was threatened with closure last night by the town's mayor. Grand Turk helps Trust get cash for UK coastline Grand Turk, the replica 18th century three-masted frigate used in the televised Hornblower series has left the Helford River near Falmouth, southwest England as she nears the end of her circumnavigation of the UK in aid of the National Trust's Neptune Coastline Campaign for the millennium, writes David Barnicoat. Maersk Sealand may quit Singapore port MAERSK Sealand is looking to take a stake in Malaysia's port of Tanjung Pelepas, a move that could see the line pulling many or even all of its calls out of Singapore.

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JULY 27, 2000
Hyundai HI to sue sister company Ecuador clears hurdle for China Chinese sacked over ferry disaster Asians warn Panama on claims Sri Lanka hiring 'astonishing' Tranz Rail to cut fast ferry links Indians join P&O to run Chennai Singapore urged to champion quality Brussels deals blow over AESA Colombo Dockyard faces dilemma Illegal imports hit banana producer Petrobras to act on pollution Taranaki fee dispute settled

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Une tranche provisoire de 1,5 mio. d'écopoints libérée pour le transport routier par l'Autriche Pour empêcher que le transit routier par l'Autriche, notamment par le Brenner, soit impossible à partir de l'automne, la Commission européenne a décidé de libérer une tranche provisoire de 1,5 mio. d'écopoints sur un total de 3,7 mio. d'écopoints. Cette solution avait été proposée par Loyola de Palacio, la commissaire européenne aux Transports. Eurotunnel Fret améliore l'utilisation de la capacité du Chunnel La forte croissance (de 42%), au cours du premier semestre, du trafic de camions assuré par Eurotunnel Fret est due à différents facteurs, le principal étant sans aucun doute la mise en service de deux nouvelles navettes. Cette augmentation de la capacité a entraîné celle de la demande. Mais on notera aussi la fiabilité du système, l'attrait du marché britannique pour des produits "exotiques" (continentaux...) et l'utilisation croissante d'éléments continentaux dans la fabrication de produits finis en Grande-Bretagne, notamment dans l'industrie automobile. Eurotunnel cherche constamment à améliorer la qualité de son produit et à rendre le trafic ferroviaire plus fluide, donc plus efficace. Groupeco va intervenir sur le marché intérieur russe Depuis 1992, la société française Groupeco intervient déjà dans les échanges entre l'Europe de l'Ouest et la Russie. Elle va très prochainement franchir une nouvelle étape grâce à la création d'une société de droit russe qui lui permettra d'étendre ses activités au marché des transports intérieurs.

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JULY 27, 2000
U.S Navy Vessel To Visit China Tranz Rail Cuts Back Fast Ferry Sailings Oil Drilling In NW Europe On The Rise

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Exmar bullish on extra LNG newbuildings Belgian gas shipowner Exmar is actively trying to wrap up charter deals on two additional LNG carrier newbuildings. Class in another PSC row Bureau Veritas claims Tokyo PSC figures distort ship detention picture. Canada to add class filter to PSC data Leading classification societies seem to have come out very badly in annual port state control statistics from Canada, but the figures do not allow for class-related deficiencies. Oil lifts BHP to record profit Australian mining group and shipowner BHP has made a record A$1.6bn net profit, thanks largely to high crude prices. Fred Olsen units in first-half losses Bonheur and Ganger Rolf, the Norwegian owner's two Oslo-listed companies, have turned in heavy losses Singapore's PSA Corp launches bond issue Port and Logistics giant the PSA Corp of Singapore has gone out to the market to raise cash with a debut bond issue. Atlantic Container Line profits jump Swedish boxship operator Atlantic Container Line sees a jump in its second quarter profits. Tokyo MOU inspects over half visiting vessels in 1999 Port state control inspectors in Japan, Australia and South Korea inspected more vessels than other countries throughout the Tokyo MOU region during 1999. Clarkson hooks up with Italian yard on cruiseships Shipbroker Clarkson has tied up another newbuilding marketing agreement, this time with Italian shipyard Cantieri Navali Fratelli Orlando. Ugland Nordic orders bowloaders Norway's Ugland Nordic Shipping is beefing up its fleet in a move it claims will make the company the world's biggest shuttle tanker operator. Fredriksen buys back drillship Seatankers plans to sell newly acquired drillship to Northern Offshore. Fred Olsen Energy tumbles into the red Norway's Fred Olsen Energy turned in a loss making second quarter, amid concerns over order progress at shipyard Harland & Wolff. Havila Supply secures charter deal Oslo-stocklisted Havila Supply has tied up one of its supply ships with Mobil Canada. Cruise passengers die in Concorde crash Some 100 passengers heading to the US to join a luxury cruise ship were killed Tuesday when an Air France Concorde crashed shortly after take off. Korean yards hit problems Bursting orderbooks may not be enough to solve Hyundai's and Daewoo's debt problems Shell facing big payout on three VLCCs Contractual terms and a strong market dictate Shell could stand to fork out millions of dollars during downtime on its three VLCCs experiencing girder cracking problems. Chevron hit by higher charter bill US oil giant Chevron reported strong profits but its shipping business suffered due to high charter rates. Record profit for RCCL Royal Caribbean reports big upturn in revenue from its 18 vessel fleet. NSCSA posts loss Saudi Arabia's national shipping line recorded a drop in losses during the first half of 2000. Nordic American Tankers on Suezmax roll Soaring tanker earnings will mean hefty dividends for more than 700 shareholders and put a smile on Herbjorn Hansson's face. Korean yards in order boom South Korean shipbuilders' orderbook leapt fourfold in the first half, helped by a cheap won. NYK beefs up Handymax fleet with newbuildings Japanese shipowner NYK is cashing in on the earlier run of cheap newbuilding prices to charter in fresh bulker tonnage. Torm buyer mystery deepens Speculation over the identity of the purchaser of almost 5% in the Danish shipping company is intensifying. Cause of Leader L tragedy remains unknown Polish Register of Shipping defends role in casualty that claimed 18 lives, but admits cause of bulk carrier loss may never be known.