Industry warned of high cost of implementing new rules THE enormous cost of meeting soon-to-be implemented International Maritime Organisation legislation was revealed at a Maritime Law Seminar held in Singapore.
Asian waters will be more dangerous: prof
Dispute may delay new HK container terminal
Clarksons relaunches Internet info system
Air and Land Transport
Qantas rivals have valid concerns: Aussie watchdog AUSTRALIA's competition watchdog said yesterday Qantas Airways Ltd's play for Impulse Airlines raised serious questions about long term competition and Qantas rivals Ansett and Virgin Blue both had valid concerns.
Industry warned of high cost of implementing new rules THE enormous cost of meeting soon-to-be implemented International Maritime Organisation legislation was revealed at a Maritime Law Seminar held in Singapore.
Asian waters will be more dangerous: prof
Dispute may delay new HK container terminal
Clarksons relaunches Internet info system
Air and Land Transport
Qantas rivals have valid concerns: Aussie watchdog AUSTRALIA's competition watchdog said yesterday Qantas Airways Ltd's play for Impulse Airlines raised serious questions about long term competition and Qantas rivals Ansett and Virgin Blue both had valid concerns.
Uncertainty peaks; eastbound rates fall Carriers learned hard economic lessons and shippers benfitted during the recent trans-Pacific negotiations.
FedEx cuts profit outlook again The express provider on Monday warned for the second time in five weeks that its earnings for its fiscal fourth quarter will fall below earlier forecast.
Kuehne & Nagel gains in 1Q The Swiss-based forwarding and logistics company showed improvement despite the economic slowdown in North America.
U.S. company denied CN trackage rights Denver-based OmniTrax Canada had sought running rights over hundreds of miles of Western prairie lines.
Court motions, pay cuts and sea trials at FGH Friede Goldman Halter is to file a motion with the bankruptcy court to "reject the two contracts for the construction of the two Petrodrill rigs". Meantime, top FGH management is taking a pay cut and the first Bingo rig has headed for sea trials
Taiwan yard "faces bankruptcy" Reports in the Taiwanese press say that China Shipbuilding Corporation (CSBC) may go bankrupt before the end of the year.
Princess carries hopes of cruise recovery THE Golden Princess sails into the port of Southampton this weekend, bringing with her high hopes of a turnaround in the cruise industry, which experts predict could be on the slow road...
Empty tanker explodes AN unladen 1974-built tanker exploded in the Black Sea yesterday, killing at least one seafarer and plunging the European tanker industry, which is under political scrutiny following a string of re...
FT Everard decides not to opt for tonnage tax F T EVERARD, one of Britain's leading coastal shipping concerns, has decided not to opt for tonnage tax. The company has judged that the new taxation arrangements on offer to British...
AP Møller under pressure at AGM DANISH shipping conglomerate AP Møller made a far from bullish presentation at the group's annual general meeting yesterday as it came under fire from minority shareholders regarding the shar...
Grimaldi met en service son “Antwerp Euro Terminal” L’armement Grimlaldi (Groupe Naples) a mis officieusement en service ce week-end son nouveau terminal dédié dans la zone portuaire de la rive gauche à Anvers, exploité sous l’étiquette de “Antwerp Euro Terminal”, une joint-venture à 50/50 entre l’armement et la Mexico Natie qui assure l’exploitation et la manutention du site. Cet événement est survenu à l’occasion de la première escale du service EuroMed avec le conro “Grande Mediterraneo”.
Mory vole au secours de Synchrony Un plan va être soumis au Tribunal de commerce de Villefranche sur Saône prévoyant un rapprochement entre Mory et Synchrony, mis en redressement judiciaire il y a un mois. Un protocole d’accord a été signé le 25 avril, mais il n’a été révélé qu’à la fin de la semaine passée. Signé par les PDG des deux groupes, Noël Bouly pour Synchrony et Alain Bréau pour Mory, ce plan de continuation prévoit entre autres le paiement intégral des créances gelées par la procédure du 2 avril 2001, un apport en numéraire et l’apport des activités logistiques du groupe Mory à Synchrony. Selon certaines informations, Mory prendrait également une participation significative dans Synchrony.
Volvo Cars Gand mise sur au moins 140.000 voitures en 2001 Le ralentissement assez brutal des ventes automobiles sur le marché américain a contraint Volvo Cars Gand à insérer un total de deux semaines de chômage technique au cours des premiers mois de l’année. Quatre jours supplémentaires sont prévus au programme dans les mois à venir. La production a baissé de quelque 10% au cours des quatre premiers mois de l’année pour afficher 50.000 voitures. Sur l’année entière, Volvo Gand mise cependant sur une production d’à peu près 140.000 unités.
SVP Transport vise une percée en Europe A l’origine connu essentiellement comme spécialiste des prestations urgentes en région parisienne, le groupe français SVP Transport amorce une double diversification. Elle est d’abord technique avec une ouverture vers des interventions de logistique à valeur ajoutée. Mais elle s’avère également géographique avec l’ambition d’intervenir sur le marché français de la province, puis de tenter une percée au niveau européen. Pour cela, les dirigeants du groupe accélèrent en croissance interne. Mais ils ajoutent que la rentabilité actuelle de l’entreprise, “très supérieure aux résultats moyens observés dans le secteur”, permet d’envisager de soutenir aussi le développement par des opérations de croissance externe.
Sovcomflot seeks to buy 2 tankers The possible purchase of two Aframaxes hinges on the outcome of its seven-vessel sale to Genmar.
Cruise industry supports passenger fee The $650,000-a-year fund derived from the fee will be partly used to monitor ship pollution in Alaska.
Condolezza Rice gets new name Chevron rescinded the controversial name change of its ship after receiving protests from watchdog groups.
Asset manager recommends P&O Princess Mercator Asset Management has established a buy position on the cruise operator's undervalued stocks.
Daewoo clocks up to 23 LNG orders Korean shipbuilder Daewoo is way ahead of the pack in scooping up LNG carrier orders.
Ship agents leaving Georgia At least two big companies are pulling out of the Black Sea republic because of a new tax.
FGH slashes managers' wages The Mississippi shipyard group continues its restructuring effort to erase substantial debts.
Second grounding in weeks for Lys-Line ship A salvage team is on its way to a grounded Norwegian-flagged cargoship.
Dex loses underwriter New hull insurance scheme to continue despite loss of backing from Lloyd's underwriter Peter Wright.
Crewman dies in tanker explosion off Romania Six crew are still trapped aboard a burning oil tanker in the Black Sea.
Indonesian LNG ships tout for trade Two gas carriers left without business due to unrest in Indonesia are being offered for short-term employment.
Crew rescued from Syrian bulker Eight crew have jumped to safety from a listing ship carrying cement in the Aegean.
Ievoli Sun salvage pierces inner hull Salvors have got through to the cargo on the sunken chemical tanker.
NCL comes clean on discharge Norwegian Cruise Line has admitted an accidental release of black water from a vessel off Alaska.
PCL closes on delisting target The Kuok group is within touching distance of the 90% target necessary to take the Singapore firm private.
Tanker Pacific collision leaves two missing A Tanker Pacific managed aframax has collided with a fishing vessel off Thailand leaving two fishermen missing.
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