Govts must uphold int'l shipping standards:ITF THERE will be no end to the serious problem of substandard shipping until governments assume their role as regulators and not as profit-oriented businesses, said the head of the five million strong International Transport Workers' Federation yesterday.
Samudera's gross profit down 34% in H1 2001
Firms aim to form world's 2nd-largest alliance
Asia ships stick to Mid East routes for now
Air and Land Transport
More Asian airlines seeking govt help to make up for shortfall MORE Asian governments have been called in to help rescue their airlines by providing additional war-risk insurance cover to offset coverage withdrawn by insurers worldwide yesterday.
MAS may raise fares, get govt aid to tide over aviation crisis
Philippines Airlines keeps flying without govt help
Govts must uphold int'l shipping standards:ITF THERE will be no end to the serious problem of substandard shipping until governments assume their role as regulators and not as profit-oriented businesses, said the head of the five million strong International Transport Workers' Federation yesterday.
Samudera's gross profit down 34% in H1 2001
Firms aim to form world's 2nd-largest alliance
Asia ships stick to Mid East routes for now
Air and Land Transport
More Asian airlines seeking govt help to make up for shortfall MORE Asian governments have been called in to help rescue their airlines by providing additional war-risk insurance cover to offset coverage withdrawn by insurers worldwide yesterday.
MAS may raise fares, get govt aid to tide over aviation crisis
Philippines Airlines keeps flying without govt help
Tidewater plans $100 million boost for crew boat operations Offshore services giant Tidewater says it has committed up to $100 million to a program that will bring 21 crew and fast crew/supply vessels into its fleet by 2003.
Kvaerner headaches continue Trading in shares of Kvaerner remained suspended as the group announced today that it "now has a financial solution in sight ..."
USCG clarifies security measures The U.S. Coast Guard said yesterday that "many rumors and false reports concerning the U. S. Coast Guard's security measures relating to vessels, crews, and passengers arriving in U. S. ports have circulated ..."
Asian carriers plan liner behemoth A POWERFUL new container shipping alliance being formed by four Asian carriers is set to challenge the position of global leader Maersk Sealand. Hanjin Shipping and its Senator Lines subsidi...
Vintage year for operators Even a cursory glance at the year-on-year growth rates between 1999 and 2000 for Europe's Top 10 ports shows that it was a good year. Certainly, there are few expectations that this year will...
War surcharge blow for eastern Mediterranean WAR risk insurance surcharges of $250 per 20 ft container will be imposed on all shipments to and from Lebanon, Egypt and Syria from tomorrow, writes Janet Porter . A levy of $150 per teu wi...
Oil price plunge plays havoc with rates SHIPPING markets were left in chaos yesterday as crude oil prices started to edge away from seventeen month lows, following the biggest one-day drop since the Gulf War. Very large crude carr...
Renaissancein balance after attacks THE September 11 attacks on the US appesar to have put Renassiance Cruises under severe pressure, writes Giovanni Paci . Insiders suggest that Renaissance's future could be in the bala...
Insurance, weak markets threaten carriers Shipowners and industry analysts are warning that higher insurance premiums could bankrupt carriers already reeling from sliding freight rates.
Tanjung Pelepas sets rail expansion The fast-growing port plans to extend a rail link to speed deliveries into Malaysia's industrial heartland.
Job cuts, restructuring for Alitalia The carrier will eliminate 12% of its workforce and ground planes as part of a wider restructuring aimed at capping losses following the terrorist attacks in the U.S.
Asian ocean carriers to cooperate? Yang Ming, Cosco, "K" Line, Hanjin Shipping Co. and its Senator Lines subsidiary are exploring closer cooperation in worldwide services. One reason: Overcapacity that has sapped rates.
Novamar in Iran joint venture Italian pool to play major role in 15-fold increase in petrochemical exports.
Bush to nominate new MARAD administrator William Schubert is now the president of International Trade and Transportation.
Setfair hits troubled water Inmarsat refuses high spending dot.com further funding.
Princess Cruises sails from Med Vessels redeployed to minimise cancellation losses.
Tidewater to add 21 vessels to fleet The up-to-$100m expansion programme will include acquiring 12 existing vessels and building nine new ones.
CMA raising funds for NY disaster victims Connecticut Maritime Association will be collecting donations at its luncheon Thursday.
Tufton targets Greek and Cypriot shipping investors Tufton Oceanic managers team up with ship manager Interorient to launch new investment service.
P&I chief predicts sharp rate rise Herry Lawford warns shipowners are facing up to 30% hike in club premiums.
Stolt Offshore moves into profit The Nasdaq-listed owner made money in the third quarter but is still down for the year so far.
Kvaerner details its debts The crisis-hit Anglo-Norwegian giant reveals borrowings as talks with banks continue.
Hanjin looks to join Sino-Japanese Alliance A new Asian alliance could be created after Hanjin agreed to increase ties with Cosco, K-Line and Yang Ming.
Royal Olympic losses double Greek cruise line faces troubled outlook as terrorism fears lead to cancellations.
Sakhalin Shipping dips into the red Russian owner finally reveals first quarter loss, despite revenue rise.
Crew abandon grounded reefer A Cypriot-flagged vessel has run aground on an islet in the Red Sea.
Oil price sees largest fall since Gulf War Concerns over the fuel demand prospects if the world economy slides into a recession hit global oil price.
Labroy bulker sinks off Taiwan Taiwan typhoon sinks the Delta 62, but all of its crew are safe.
Korea may aid shipping industry Assistance to be made available to help shipping companies suffering in wake of US terrorist atrocities.
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