PSA seeks more ventures in booming China economy PSA Corporation will position itself to tap China's expected increase in import and export volumes as its economy continued to boom.
NOL making careful investments in fleet
Hanjin adds China-Australia run; Hyundai cuts US times
High terminal bid queried
Air and Land Transport
Three Asian airlines dump B747s in weak market THREE unprofitable Asian carriers are selling costly Boeing 747-400s at a time when global overcapacity and changing airline strategies have left second-hand aircraft values very weak.
Cathay imposes new rostering system on pilots
New safety rules to bar most Russian jets from flying abroad
Sri Lanka to station troops at airport
Deep Q2 loss prompts Air Canada to trim jobs, fleet
PSA seeks more ventures in booming China economy PSA Corporation will position itself to tap China's expected increase in import and export volumes as its economy continued to boom.
NOL making careful investments in fleet
Hanjin adds China-Australia run; Hyundai cuts US times
High terminal bid queried
Air and Land Transport
Three Asian airlines dump B747s in weak market THREE unprofitable Asian carriers are selling costly Boeing 747-400s at a time when global overcapacity and changing airline strategies have left second-hand aircraft values very weak.
Cathay imposes new rostering system on pilots
New safety rules to bar most Russian jets from flying abroad
Sri Lanka to station troops at airport
Deep Q2 loss prompts Air Canada to trim jobs, fleet
House panel passes export administration bill The vote by the House International Relations Committee sets up what may be a battle over a sharply contrasting Senate version.
CP Rail to unveil new pricing system Shippers would be offered seasonal and equipment premiums, spot pricing and trainload rates in what management calls "structured pricing." Customers also would be rewarded for shipping in off-peak periods to reduce the seasonal dips in traffic.
Major W. Coast ports freeze out reefer carriers Refrigerated ships carry almost half of the temperature-controlled cargo that moves in the ocean trades, but specialized reefer carriers are finding it more difficult than ever to secure a home at major West Coast ports.
Portuguese order for Austal Australia's Austal Limited has signed a contract with Portuguese ferry operator Transtejo for two (2) low wash river catamarans.
IACS moves to discourage "class hopping" In a recent move to discourage "class hopping," the International Association of Classification Societies has recently strengthened its Transfer of Class Agreement (TOCA
Sri Lanka war risk rates under review LONDON marine and aviation cargo underwriters are considering moves which could significantly push up war risk rates for goods traded with Sri Lanka. They are discussing whether to extend to...
Lelakis admits Ocean Glory connection RETIRED Greek shipping entrepreneur Antonis Lelakis has conceded that he was involved with Ocean Glory I, the 51-year-old cruiseship languishing under arrest in Dover. 'Yes, I was a co...
Teekay opts for five more ships The investment continues the company's rapid expansion following on from Teekay's recent NKr1.96bn ($214m) acquisition of Norwegian shuttle tanker owner Ugland Nordic Shipping. T...
HDW talks of victory in Greek yard sale THE Greek government is expected to announce today the winner of the privatisation tender for its state-owned Hellenic Shipyards. Germany's largest shipyard, Howaldtswerke-Deutsche Wer...
Blue Nile to launch new Saudi link BLUE Nile Shipping plans to start a groupage service in early September between Rotterdam and Jeddah in Saudi Arabia, writes Helen Hill, Amsterdam. Abdin Shamat, managing director of Blue Ni...
Schenker vend Huolintakeskus à John Nurminen Le groupe allemand Schenker a signé une lettre d’intention pour la vente de l’ensemble des activités de Huolintakskeskus, une de ses filiales en Finlande, au groupe familial finlandais John Nurminen. Ces deux entreprises étaient il y a quelques années parmi les plus grands groupes de transport de Finlande, mais elles étaient devenues des sociétés de transport et de logistique spécialisées. “Cette transaction doit se voir dans la polarisation qui se produit dans le secteur entre les grands groupes actifs au niveau global et les sociétés de plus petite taille, qui s’orientent davantage vers les activités de niche plus locales”, nous a déclaré M. Laine, le directeur général de Huolintakeskus.
CSCL pourrait modifier sa stratégie Europe-Asie L’armement China Shipping Container Line est manifestement à la veille d’importantes décisions qui impliqueraient un choix à faire entre plusieurs alternatives. L’échéance interviendrait dans le courant du mois de septembre prochain, lorsque toutes les études auront été menées à terme. L’élément le plus important des réflexions en cours a trait à l’intention de rationaliser la desserte Europe-Asie en combinant le service assuré au départ d’Europe du Nord avec le service assuré au départ de la Méditerranée.
Premier essai commercial pour un véhicule à piles à combustible Cela fait plusieurs années que circulent des véhicules à piles à combustible - cela va de petites voitures à des bus d’aéroport - mais il s’agissait plus de prototypes que de véhicules d’essai. Aujourd’hui, un cap est franchi avec la première camionnette à l’hydrogène fonctionnant en utilisation réelle. La société allemade de transport de colis Hermes Versand Service a en effet mis en service un Sprinter à piles à combustible... pour la location duquel il paiera 500.000 DEM en deux ans.
Hong-Kong: Kwai Chung marque un temps d’arrêt Le très net ralentissement de l’économie mondiale n’épargne pas le port de Hong-Kong, où le centre de transbordement de containers de Kwai Chung devrait enregistrer cette année la plus forte chute de trafic de son histoire, indiquent opérateurs de terminaux et analystes. Selon un de ces observateurs, la baisse de l’activité pourrait atteindre 5 à 7%. Kwai Chung était depuis vingt-cinq ans un pôle de croissance quasi-continue à Hong-Kong. Les reculs occasionnels étaient restés très limités. Le dernier en date s’est produit en 1998, lorsque l’Asie avait été frappée par la crise financière. Le transbordement avait alors diminué de... 0,1%.
Maritrans jacks up earnings High vessel demand and few weather delays resulted in strong utilisation in April-June.
US Gulf braces for Tropical Storm Barry Marine vessel traffic condition in the US gulf remains normal so far.
Alaskan LNG proposal targets 15 vessels Construction of LNG terminal may begin as early as 2003 if everything goes well.
Metro judgement offers owners hope A court ruling could make $60m available to creditors of collapsed oil trader Metro.
Greek owners' bank buy-out gathers pace Heavyweight shipowners, including Vassilis Constantakopoulos, will take over Bank of Nova Scotia's Greek operations next month.
Lukoil expands tanker order Russian energy giant Lukoil has splashed out on two more newbuildings at a domestic shipyard.
US barge operator keeps head above water Stronger term and spot rates were partially offset by lower volumes due to flooding in the Mississippi river.
Jiangyang awaits state bailout China's Jiangyang has slowed its newbuilding work as it waits for government cash.
ITF campaign unearths more wages horror A union action week has found evidence of seafarers being paid just $1.1 per hour.
VV Line buys Finnmaid The Swedish ferry firm has bought the ship it has been chartering from Finnlines.
Car carrier deals boost MMM Malaysian Merchant Marine is heading for bigger profits this year thanks in part to two ship acquisitions.
Teekay in $250m Tosco tanker resale deal Aframax giant is acquiring five tanker newbuildings from one of the largest independent US refiners.
Minister pours doubt on Varna survival The future is not looking bright for Bulgaria's Varna shipyard, unless investors will commit to rescue plans.
GulfMark profits soar The support ship firm becomes the latest US offshore player to benefit from higher day rates.
Phillips in tanker pollution gaff A new state of the art tanker, supposedly kinder to the environment, has polluted Alaskan skies on its maiden visit.
China Shipbuilding given two years to turn a profit Jobs are going at the state-owned Taiwanese yard as it bids to improve its books ahead of a sell-off.
OMI's net income skyrockets by 325% The bullish financial results reflect continued strong rates for product carriers.
New Incheon container terminal ready in 2003 Construction of the third container-only pier at the terminal would be completed in 2009.
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