NOL forecast to make profit of US$125m-US$145m [SINGAPORE] Neptune Orient Lines is expected to report tomorrow a 2000 net profit before extraordinaries of between US$125 million (S$217.5 million) and US$145 million, up from the previous year's US$94 million as continuing cost savings and higher freight rates offset the negative effects of rising bunker fuel costs, analysts said.
Salvage of fishing vessel still 6 months away
Santos port's Tecon terminal sets record
Bergesen profit shoots up more than 171%
Anglo-Eastern sets up new training facility in India
E-procurement goes live
Air and Land Transport
FAA to skip bidding process for new air traffic control system [WASHINGTON] The Federal Aviation Administration is preparing to skip competitive bidding and choose the Lockheed Martin Corp to design and build a replacement for the heart of its antiquated long-distance air traffic control system. The move is a radical new approach to its problems with delays and dead-ends in the effort to modernise.
American to stop TWA flights to Tel Aviv if it acquires carrier
China sets sights on US$12b Beijing-Shanghai high-speed rail link
Air France to raise capacity by 9.5% in summer
Quake-damaged Seattle airport moves closer to full operations
NOL forecast to make profit of US$125m-US$145m [SINGAPORE] Neptune Orient Lines is expected to report tomorrow a 2000 net profit before extraordinaries of between US$125 million (S$217.5 million) and US$145 million, up from the previous year's US$94 million as continuing cost savings and higher freight rates offset the negative effects of rising bunker fuel costs, analysts said.
Salvage of fishing vessel still 6 months away
Santos port's Tecon terminal sets record
Bergesen profit shoots up more than 171%
Anglo-Eastern sets up new training facility in India
E-procurement goes live
Air and Land Transport
FAA to skip bidding process for new air traffic control system [WASHINGTON] The Federal Aviation Administration is preparing to skip competitive bidding and choose the Lockheed Martin Corp to design and build a replacement for the heart of its antiquated long-distance air traffic control system. The move is a radical new approach to its problems with delays and dead-ends in the effort to modernise.
American to stop TWA flights to Tel Aviv if it acquires carrier
China sets sights on US$12b Beijing-Shanghai high-speed rail link
Air France to raise capacity by 9.5% in summer
Quake-damaged Seattle airport moves closer to full operations
Crowley to begin Cuba service Crowley Liner Services has received authorization from the Bush administration to carry licensed food and medicine between the United States and Cuba beginning in April.
Northeast air carriers continue to feel storm's wrath Airlines again canceled hundreds of flights at airports in the New York area, but the biggest impact was in New England, which experienced the heaviest snowfall.
Air France, Delta accord approved
CSX reveals disputes in Sea-Land sale
CN, union reach agreement, avert strike
Descartes buys into Sameday.com
Union study: Shipping crewmembers exploited
N.J. governor to address Maritime Association luncheon
Jendrowski new COO at NTE
MSC to add Baltimore calls on South American service
La croissance structurelle de Railion Benelux a fait passer le trafic de 16,7 en 1994 à 25,4 mio. de tonnes en 2000 Une augmentation de 10% du tonnage en 2000, un nouveau développement pour le train combiné voyageurs/marchandises OverNight Express, pas de vente par les NS des 6% détenus dans Railion, mais aussi des problèmes de capacité: les sujets n’ont pas manqué lors d’une récente conférence de presse organisée par Railion Benelux à Utrecht.
ABX veut vendre sa division colis Le ministre des Participations publiques, Rik Daems, a déclaré dans l’édition du “Soir” de ce week-end qu’”il y a plus de complémentarité entre ABX et La Poste qu’entre ABX et la SNCB” et qu’il faudrait envisager une synergie entre les deux entreprises. Tant Etienne Schouppe (administrateur délégué de la SNCB) que Frans Rombouts (administrateur délégué de La Poste) sont tombés des nues et ont déclaré chacun de leur côté que leurs activités de base ne pouvaient être intégrées d’un coup de baguette magique. Ce à quoi Daems a répondu hier dans “De Morgen” que “la gestion finale relève du management des entreprises”. Après quoi ABX Logistics faisait savoir hier que des négociations avancées étaient en cours au sujet de la vente de sa division colis. La Poste s’est empressée de s’ajouter à la liste des candidats.
MSC se limiterait à un seul loop entre l’Europe et l’Asie Au tout début de l’année 2000, l’armement Mediterranean Shipping Cy passait commande d’une série de 10 PC d’une capacité unitaire de 6.700 TEU, dont 5 construits pour compte propre et 5 pris en affrètement à long terme. Ces unités sont appelées à être alignées sur la route Europe-Asie. Ce service évoluera complètement vers cette nouvelle dimension dans le courant de l’année 2002.
Seacor to acquire Stirling Shipping The world's second largest offshore vessel operator has made its third acquisition in almost as many months.
CLIA reports upbeat cruise numbers The North American cruise association says nearly 1m more passengers went on a cruise last year.
Ferguson wins research ship newbuilding Contract worth $33.8m extends workload to two years for Scottish yard.
MSC doubles up at Chantiers Mediterranean Shipping Co has declared an option for a second cruiseship at the French yard.
ITF exposes Panamanian registry scam Would you trust this man with your bulker? ITF chief David Cockroft buys his way into becoming a first officer.
Teekay wins Ugland Nordic Aframax owner wins control with $223m bid for North Sea shuttle specialist.
Has Teekay caught the M&A bug? Deals and diversification to continue so long as beneficial, answers Bjorn Moller.
Cyprus confident of EU backing Prospective EU member Cyprus expects to be told that its shipping register is coming up to scratch.
Crew rescued from blazing freighter Spanish coastguards have taken 26 people clear of a burning cargoship in the Mediterranean.
Daewoo investors plan Australian shipyard Newcastle Heavy Industries will take a stake in Daewoo in return for help building its own VLCC-capacity yard.
Profits pile in at Daewoo Korean yard Daewoo took 10% of the world shipbuilding market in 2000, and is sitting pretty for this year.
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