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NOL to feel heat of dismal conditions this year
NEPTUNE Orient Lines will find the going very tough this year, although it is now a well-run company, say analysts.
Jacob Stolt-Nielsen quits SNTG chair after 42 years
NYK to use its own containers
HK port volumes down in 2nd qtr

Air and Land Transport

US airline profits to fall further in second half
SHARES of prominent US airline companies remain under pressure from the economic downturn and weak revenue environment, with more and more Wall Street analysts lowering their full-year earnings forecasts as the industry enters the traditional slow autumn season.
MAS seeks only tie-up that flies London-Sydney
Taiwan, China air traffic controllers meet in Taipei
Sean Lee returns as Sale's media specialist
Tata group denies talks on partner for Air India bid
Boeing sees possible US$1.4b pretax charge
Log Book

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Shipping News

NOL to feel heat of dismal conditions this year
NEPTUNE Orient Lines will find the going very tough this year, although it is now a well-run company, say analysts.
Jacob Stolt-Nielsen quits SNTG chair after 42 years
NYK to use its own containers
HK port volumes down in 2nd qtr

Air and Land Transport

US airline profits to fall further in second half
SHARES of prominent US airline companies remain under pressure from the economic downturn and weak revenue environment, with more and more Wall Street analysts lowering their full-year earnings forecasts as the industry enters the traditional slow autumn season.
MAS seeks only tie-up that flies London-Sydney
Taiwan, China air traffic controllers meet in Taipei
Sean Lee returns as Sale's media specialist
Tata group denies talks on partner for Air India bid
Boeing sees possible US$1.4b pretax charge
Log Book

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Hutchison Delta Ports makes further investment in XICT Taiwanese carriers in joint Hong Kong-Taiwan service Alliance offers aligned logistics strategies Malaysia launches National Ports Exchange New Singapore-West Africa connection Top ten third party logistics providers nominated UPS urges new talks on HK rights BA sees August traffic decline Hong Kong to retain international bent Xian airport link-up

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SEPTEMBER 11, 2001
Rotterdam's second container operator sold Ad Scheepbouwer to resign as CEO TPG FMC suspect Chinese lines of unfair pricing Hutchison makes further investment in XICT Green light for Ansett bid BAA consortium gets Oman Airports Swissair share tumbled again

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Capt. P. V. K. Mohan named member of National Shipping Board again Stay on PSF dumping probe vacated India, Thailand exploring scope to enhance trade ties Bulk of anti-dumping cases against Chinese goods Haldia Dock consultancy: SBI Caps has the edge Concor's turnover up by 20 pc & net profit by 22 pc Centre clears 3 agriculture export zones Dumping duties on NBR & PTA revised Uniform duty structure for edible oils sought Accenture report on tea export strategy by Dec. Quality, quicker delivery vital for garments industry: TEA chief Trading in sugar futures from next year likely NCAER lowers export growth rate to 9.2 pc Exim Bank to extend credit lines to 26 European countries ... to start factoring operations in 10 days EAC meeting one on adhering to implementation deadlines Foreign Trade Analysis: Current Policy & Procedures Anuga food fair to be held in Cologne in Oct.

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SEPTEMBER 11, 2001
Crude gains $3 as World Trade Center towers collapse Nymex evacuated, Brent hits $30, following terrorist attacks on World Trade Centre and Pentagon Brazil bunker prices up again today Singapore bunker prices seen largely steady today Crude down after recent rally as bears and bulls stay on the scene Korea steady to soft after Monday's gains Fears of fuel oil spill following tanker fire

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Apocalypse now A DEVASTATING series of co-ordinated terrorist attacks in New York and Washington yesterday caused countless deaths and billions of dollars worth of damage, bringing New York's financial dist... City workers fear the worst for New York colleagues BUSINESSES across the globe yesterday struggled to find out the plight of their colleagues in New York as phone lines to the US were jammed within an hour of the first impact. With the World... Insurers left reeling as massive claims loom WORLD insurance markets were among the many immediate victims of the 'black September' attack on US economic, political and military targets. They were hit on four fronts: ... Twin towers were Manhattan's tallest The World Trade Center towers were the tallest buildings in New York, writes David Osler . The 110-storey edifices were 411m high and dominated the city. More than 150,000 people visi...

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SEPTEMBER 11, 2001
Paradip coal plant commissioned ABS NY staff are safe Panama activates security plan NSCSA cuts liners for chemicals NCL settles disabled suit Terrorist attacks hit US Stowaways caught at Almeria GPS systems vulnerable, US warns Danes pool LPG fleets Private ports barred from rice trade iShipExchange goes Chinese Blast closes Beishan terminal Daewoo plans six LNG ships a year Bimco backs new Oz refugee ruling Slowdown hits Panama Canal Korea to counter-attack EU Brovig pulls ship out of Nigeria Court overturns Oz refugee plan Argentine yard goes under Cho Yang dead: official

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SEPTEMBER 11, 2001
Terrorists hit US The United States was on coast-to-coast alert after attacks in New York and Washington. Ports increased security, and Customs tightened checks at border crossings.

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SEPTEMBER 11, 2001
Shipping firms hit by WTC disaster ABS and port authority had offices in collapsed towers but Zim quit in time. US cruise operators beef up security Some itineraries are affected by the late arrival of passengers via air. New York financial markets face problems The markets may see a wave of selling and loss of records belonging to investment firms. LOOP suspends US Gulf offshore operation The company has tightened security at all facilities as a result of the New York terrorist attack. New York port shuts down Tugboats in the harbour are used for transportation of victims to hospitals. Genmar calls off New York gathering The reception party coincides with the recent acquisition of its 10th vessel stated in Genmar's prospectus. US turmoil plunges bunker markets into chaos Oil majors withdraw bunker price quotes after US suicide flights send crude price soaring. Shipping demand boosts Noble The Hong Kong shipping and commodities group has increased first half profits by a third. LNG carrier designers target China New diesel propulsion systems with optional onboard reliquefaction systems could offer cost savings. OSM finds Swedish partner Orient Ship Management takes 51% stake in Sea Partner and lift fleet to 180. Cobb mulls fleet renewal James Fisher chairman David Cobb says a newbuilding spree in the small products tanker sector is inevitable. LPG owners join forces Lauritzen gets together with Tschudi & Eitzen but others invited to join. Harland & Wolff plans share issue Move could see Fred Olsen axing stake in troubled Belfast shipbuilder. Golar LNG gas carrier damaged BG-controlled LNG carrier suffers product leak in the US port of Boston. UNS shareholder set to reinvest Grimstad shipowner Johan Benad Ugland in talks for $300m drillship newbuilding. Judge lets Tampa refugees land Australian federal court overrules decision to export asylum seekers. James Fisher takes wing The UK tanker owner has increased its profits and is continuing to eye up ship and company acquisitions. Japan oil shipments avoid worst of typhoon Tanker movements in and around Tokyo Bay area appear to have escaped the worst of typhoon Danas. Baltic nations agree ship safety moves Ministers push for pilots and permanent surveillance system following March's Baltic Carrier pollution spill. Fire hits Avondale Polar newbuilding Polar Resolution building at the New Orleans-based yard has been damaged by fire. Net profits nearly double at Jaya Holdings Improved conditions in oil and gas sector drive increase at Singapore conglomerate.