Johor poised to complete another speciality terminal A new bulk petroleum cargo port in Johor, complementing the ports at Pelepas and Pasir Gudang, is to begin operations in January, completing a stretch of multi-speciality terminals in the southern Malaysian coastline facing Singapore.
PSA launches $1m upgrade to haulage services
Maersk, Evergreen eye Xiamen terminals
CIS may buy 2nd China shipyard next year
Tugs free Greek bulk carrier from Aussie reef
Air and Land Transport
Airlines cut fares to lure back business travellers AMERICAN Airlines and Northwest Airlines have lowered their business fares by 20 per cent on most domestic routes where they compete, with other airlines matching the discounts to various degrees.
Cebu Air to start daily flights to S'pore
Recovery slower than expected: JAL
CAL compensates kin of victims whose bodies are still missing
Johor poised to complete another speciality terminal A new bulk petroleum cargo port in Johor, complementing the ports at Pelepas and Pasir Gudang, is to begin operations in January, completing a stretch of multi-speciality terminals in the southern Malaysian coastline facing Singapore.
PSA launches $1m upgrade to haulage services
Maersk, Evergreen eye Xiamen terminals
CIS may buy 2nd China shipyard next year
Tugs free Greek bulk carrier from Aussie reef
Air and Land Transport
Airlines cut fares to lure back business travellers AMERICAN Airlines and Northwest Airlines have lowered their business fares by 20 per cent on most domestic routes where they compete, with other airlines matching the discounts to various degrees.
Cebu Air to start daily flights to S'pore
Recovery slower than expected: JAL
CAL compensates kin of victims whose bodies are still missing
SAS traffic slightly up SAS Group said the yield development for the months April, May and June for are now upgraded and the final yield for 2nd
CP Ships completes acquisition of Italia di Navigazione LONDON, UK (6th August 2002) CP Ships Limited today completed its acquisition of all issued and outstanding shares in Italia di Navigazione from d'Amico Societ... di Navigazione S.p.A. for US$ 40 million in cash. The acquisition was announced on 30th May 2002
Positive results Cathay Shares in Cathay Pacific Airways rose 10 per cent on Wednesday as it reported net profit for the six months ending June 2002 of HK$1.41bn ($181 million), the first return to profit after September 11, 2001
Milan airport closed temporarily Airline passengers headed to Milan in the next three weeks won't be able to use the financial hub's handiest airport, Linate, but will have to travel via one of two other airports much farther away from the city center
Bush to prevent port strike The Bush administration has intervened aggressively in labour talks at West Coast ports, with high-level officials signalling that they are prepared to take strong action to prevent an economically crippling strike or slowdown.
Consultant pessimistic for airlines 'But I would suspect that nearly every major airline, with the exception of Southwest, has hired bankruptcy attorneys. They have to consider the possibility. The hemorrhages after September 11 have been horrendous, and it really is the worst of times for the airlines.'
Atlas Air Gets EVA Air 15-Month Lease Pact Atlas Air confirmed that it leased a Boeing Co. 747-400 freighter from EVA Airways for 15 months. In July, Atlas Air Worldwide converted three airplane-purchase deals to leases, for $185 million to $214 million each.
Praxair selected Danzas USA Praxair Inc., one of the world's leading suppliers of industrial gases, has named Danzas North America the primary provider of transportation services for U.S. exports.
West Coast dockers lash out at Bush union assault THE International Longshore and Warehouse Union has lashed out at the Bush administration for what it sees as an "illegal and inappropriate" intervention in the deadlocked waterfront contract negotiations on the US West Coast.
Bergesen will sell to Sohmen if 'price is right' BERGESEN, Norway's biggest shipping company, could be sold to acquisitive shipowner Helmut Sohmen if the latter is prepared to pay a high enough price, it emerged this week.
No Enronitis for UK says Percy IAN Percy, the international expert in standards of corporate governance who has become chairman of Lloyd's insurer Kiln, has spoken of his conviction that the UK has the right defences in place to prevent a crisis of the dimensions of Enron or WorldCom. The Kiln chairman blamed 'personal egos and high incentivised remuneration' for the scandals that have riven corporate America.
Amerada Hess spins off product tankers CITING a need to refocus on its core operations, New York-based oil and gas company Amerada Hess has sold its remaining six product tankers to newly-formed United States Shipping Acquisition for a price thought to be in the region of $190m.
Customs proposes 24-hour cargo rule The measure would require ocean carriers to file manifest information 24 hours before a U.S.-bound container is loaded on a vessel at a foreign port.
First-half growth for Hamburg The German port had strong growth in general cargo, and containers, in the first half of 2002.
Grand Alliance adds China calls Hapag-Lloyd, NYK Line, OOCL and P&O Nedlloyd are introducing a new service covering Central and Northern China ports to and from Long Beach.
Le service containérisé entre Anvers et Liège va être relancé Suite à une interruption de quatre ans, le service containérisé régulier entre Liège, Anvers et Rotterdam sera relancé le 2 septembre prochain (voir LL du 7/6/02). Le service sera exploité sur base de deux départs par semaine vers Anvers et deux vers Rotterdam. Les containers destinés pour ou provenant de Rotterdam seront transbordés à Deurne sur le terminal qui sera exploité par la société GCT, une filiale récemment créée de la firme Gosselin World Wide Moving.
Le trafic containérisé Anvers/Etats-Unis va devenir une “smart and secure tradelane” (SST) Les principaux opérateurs de terminaux de par le monde, à savoir Hutchison Port Holdings, PSA Port Holdings et P&O Port Holdings, qui représentent ensemble 70% du trafic containérisé mondial, ont adhéré aux Smart and Secure Tradelanes (SST), le projet de sécurisation de l’autorité américaine axé sur le fret maritime. Grâce à ce projet, les ports où ces opérateurs traitent des containers, dont Anvers, peuvent quasiment automatiquement obtenir le statut green lane. Dans la technologie nécessaire, développée par l’entreprise américaine Savi, des étiquettes, des systèmes de verrouillage et des fréquences radio spéciaux, ainsi que l’internet, jouent un rôle crucial.
L’offre de la DB sur Stinnes sera clôturée le 27 septembre Deutsche Bahn AG a lancé le 7 août un appel aux actionnaires de Stinnes AG pour le rachat de leurs actions au prix de 32,75 EUR. La période d’acceptation va jusqu’au 27 septembre à midi. “Notre objectif est d’acquérir toutes les actions de Stinnes de manière à faciliter l’intégration du groupe Stinnes dans le groupe Deutsche Bahn”, a déclaré Diethelm Sack, chief financial officer de la DB, lors du lancement de l’appel aux actionnaires.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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