Blast on board bulker off Aussie coast leaves 4 dead A mystery explosion aboard a bulk carrier anchored 30 km off Port Dampier in north-western Australia has left four crewmen dead, one in critical condition and three others missing.
Royal Caribbean, P&O Princess to merge
Contship expands Europe- Asia trade
Two victims of Bangkok port's chemical blaze awarded US$80,000
Air and Land Transport
American Air A300 jets pass safety checks AMERICAN Airlines said it had detected no problems in an inspection of the tail sections of its fleet of 34 Airbus A300 planes following a crash in New York.
US must make new airport safety programme take off soon
Blast on board bulker off Aussie coast leaves 4 dead A mystery explosion aboard a bulk carrier anchored 30 km off Port Dampier in north-western Australia has left four crewmen dead, one in critical condition and three others missing.
Royal Caribbean, P&O Princess to merge
Contship expands Europe- Asia trade
Two victims of Bangkok port's chemical blaze awarded US$80,000
Air and Land Transport
American Air A300 jets pass safety checks AMERICAN Airlines said it had detected no problems in an inspection of the tail sections of its fleet of 34 Airbus A300 planes following a crash in New York.
US must make new airport safety programme take off soon
Princess takes throne with Caribbean consort A $6bn merger of P&O Princess and Royal Caribbean Cruises turned the cruise sector on its head yesterday, threatening to overthrow rival Carnival from its long-held position as market leader.
Euro-carnival to end for Costa P&O P rincess and Royal Caribbean are launching a $2bn joint venture which will compete head-to-head with Carnival for customers in southern Europe, writes Tony Gray.
Troubled Alstom welcomes cruiseship delivery delays TOP cruiseship builder Alstom Marine has indicated that it is interested in postponing delivery of cruiseships currently on order to help it deal with an expected shortfall in activity in 2004 and ...
Shares surge for RCL and P&O STOCK exchanges in London, New York and Oslo have reacted favourably to news of the P&O Princess and Royal Caribbean consolidation, announced today. Shares in Royal Caribbean rose by 22 per cent in Oslo and by around 15 per cent to $17.60, after opening at $15.00 on the NYSE, its main listing. Yesterday the shares rose by 21 cents. On the FTSE, shares in P&O Princess rose by 14.2 per cent to 363p after an initial rise of 20 per cent. Late afternoon they settled into a 360 ' 370 pence trading range. London-based New Star Asset Management's Mark Beale, who helps to oversee about $150M in US shares, told Bloomberg: 'It's a smart move...Together they can probably do more for their customers and shareholders than they could do alone.' However he also speculated that Carnival Corporation, the world's largest cruise operator until today's merger, could come in with a counter offer. P&O Princess' merger with highly leveraged Royal Caribbean may also mean P&O Princess's existing bond ratings may be dropped to junk status, after Standard & Poor's said it may cut the company's BBB rating by two notches. Royal Caribbean became the first shipping company whose bonds have traded from investment grade to junk status. P&O Princess has '537M ($762M) of bonds outstanding, while Royal Caribbean, rated Ba2 by Moody's, has about $4.3Bn of bonds outstanding, according to news reports.
Le transfert des slots de Sabena à dat+ est parfaitement légal La faillite de la Sabena au début du mois et le redémarrage de la compagnie via dat+ ont fait l'objet de pas mal de polémiques à l'aéroport de Zaventem. Un des points les plus sensibles a été le transfert des slots de la Sabena à dat+. L'asbl Brussels Slot Coordination, créée fin octobre et qui règle l'attribution des slots à Zaventem, a assuré entre-temps que toute cette opération avait eu lieu dans les règles de l'art.
Unilog doit réduire de moitié son offre ferroviaire transmanche L'opérateur transmanche Unilog a obtenu le feu vert pour la reprise de son service sur le Royaume-Uni hier. Cette autorisation est toutefois liée à des restrictions sévères: trois trains par semaine dans les deux sens (ce qui revient à une réduction de moitié du service actuel) et une escorte de la police ferroviaire française pour les trains en direction du Royaume-Uni. Unilog doit en outre obtenir une autorisation quotidienne avant le départ de chaque train.
La simplification des procédures administratives va encore rendre le short sea shipping plus populaire "Le short sea shipping se porte bien, mais peut encore faire mieux. La Commission européenne va prendre à coeur sa tâche dans ce processus", a déclaré Wolfgang Elsner, responsable de la division SSS et politique portuaire au directorat-général Energie et Transport de la Commission européenne, lors de la séance d'ouverture de la réunion de travail sur le flux des documents et les procédures administratives dans le transport short sea en Europe.
Wallenius Wilhelmsen Lines Europe organise son QG européen à Anvers D'importants changements viennent d'intervenir au niveau de la direction de l'armement Wallenius Wilhelmsen Lines en Europe. En effet, Eric Maurissen qui était jusqu'ici managing director de Wallenius Wilhelmsen Lines Belgium a été promu vice-président Logistic Services Europe. Il se partagera notamment entre son bureau de Zeebrugge et le QG européen que l'armement installe à Anvers (1).
$6 Billion Cruise Deal P&O Princess Cruises plc and Royal Caribbean Cruises Ltd. have agreed to merge their companies in a deal approaching $6 billion, a move that will effectively create the world's largest cruise vacation group. The merger, spurred by an already softening economy and the September 11 terrorist attacks that have left cruise companies, among other transportation operators, grappling to fill ships, involves two companies with an aggregate revenue of more than $5 billion in the 12 months preceding September 30, 2001.
Breaking News
Hornbeck-Leevac Delivers BJ Blue Ray, Acquires Tank Barge
Diselenginetrader.com Connects Buyers and Sellers
Houghton Offshore Helps Set Another Record
Global Marine and Santa Fe International Corporation Complete Merger Of Equals
Foss Crews Help Extinguish Blaze
Silversea Appoints VP Corporate Communications
House-Senate Conference Agrees on $33 Million For Title XI Loan Guarantees
Solution For Two-Stroke Engine Lubrication
Buying More Shares in Kv'rner
Hinckley Appoint Frank and Bernard in Electronics Department
$6 Billion Cruise Deal P&O Princess Cruises plc and Royal Caribbean Cruises Ltd. have agreed to merge their companies in a deal approaching $6 billion, a move that will effectively create the world's largest cruise vacation group. The merger, spurred by an already softening economy and the September 11 terrorist attacks that have left cruise companies, among other transportation operators, grappling to fill ships, involves two companies with an aggregate revenue of more than $5 billion in the 12 months preceding September 30, 2001.
Breaking News
Hornbeck-Leevac Delivers BJ Blue Ray, Acquires Tank Barge
Diselenginetrader.com Connects Buyers and Sellers
Houghton Offshore Helps Set Another Record
Global Marine and Santa Fe International Corporation Complete Merger Of Equals
Foss Crews Help Extinguish Blaze
Silversea Appoints VP Corporate Communications
House-Senate Conference Agrees on $33 Million For Title XI Loan Guarantees
Solution For Two-Stroke Engine Lubrication
Buying More Shares in Kv'rner
Hinckley Appoint Frank and Bernard in Electronics Department
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