'Capacity cuts best hope of recovery for industry' INDUSTRY driven capacity cuts are the key to a liner shipping freight rate recovery, according to OOCL chairman and chief executive C C Tung.
ICTSI unit still in talks with unions
Jurong Port's logistics hub wins new tenants
Air and Land Transport
Andersen providing list of Ansett assets to bidders ANSETT Holdings Ltd's administrator, Andersen, was scheduled to give potential bidders for the failed carrier's assets a document listing all items for sale, an Andersen spokesman said.
HK airport expects record Good Friday
China Eastern to buy 40% of Wuhan Airlines for 300m yuan
'Capacity cuts best hope of recovery for industry' INDUSTRY driven capacity cuts are the key to a liner shipping freight rate recovery, according to OOCL chairman and chief executive C C Tung.
ICTSI unit still in talks with unions
Jurong Port's logistics hub wins new tenants
Air and Land Transport
Andersen providing list of Ansett assets to bidders ANSETT Holdings Ltd's administrator, Andersen, was scheduled to give potential bidders for the failed carrier's assets a document listing all items for sale, an Andersen spokesman said.
HK airport expects record Good Friday
China Eastern to buy 40% of Wuhan Airlines for 300m yuan
Italian police bring immigrant freighter under control Italian police patrol boats escort a rusty freighter carrying 1,000 Kurdish would-be immigrants off the Sicilian coast towards the port of Catania, Sicily, after police calmed those on board who had threatened to throw children overboard if they could not continue the voyage. The Italian Navy had earlier intercepted the merchant vessel Monica in the eastern Mediterranean. She was believed to have sailed from the Lebanon.
Hard times force law firm link talks TWO prominent law firms with sizeable shipping portfolios confirmed yesterday they were in merger talks, as cost-driven consolidation throughout the industry spreads to the legal sector.
NYK Line hedges bets in liner portal race NYK Line will join all three common-user liner shipping portals, becoming the first carrier to break the exclusive memberships of the competing e-commerce platforms.
UK regulators to examine battle for P&O Princess The three-way battle for control of UK cruise company P&O Princess is coming under increasingly close scrutiny from regulators.
London Chamber saved from 'cabal' A GRASSROOTS revolt has dashed an attempt to roll two top London business organisations into one.
Port security bill filed in House After weeks of subcommittee hearings, the House Transportation Committee appears ready to offer up its version of a port and maritime security bill.
Uncertainty as OOCL profits shrink Earnings plummeted despite a double-digit jump in liftings, and CEO Tung (left) doubted an early recovery for shipping.
Training focus of forwarders chief Brandon Fried has three priorities: training, airline relations and bolstering his group's presence on Capitol Hill.
CMA CGM échange des slots avec Evergreen L’armement français CMA CGM pratique avec succès la stratégie des partenariats, ce qui lui assure une excellente desserte géographique, en ce sens qu’il dessert tous les marchés avec un nombre limité de navires et ce à des fréquences hebdomadaires. C’est dans cette optique que s’inscrit le récent accord passé avec l’armement Evergreen Marine.
“L’adaptation du port package reste cruciale” La libéralisation des services portuaires souhaitée par la Commission européenne continue à semer le trouble dans les milieux portuaires européens. Les ports, regroupés dans l’ESPO, et les usagers portuaires du secteur privé, réunis dans Feport, réagissent ensemble au deuxième projet pour cette directive (connu comme le ‘port package’). Outre plusieurs adaptations, deux soucis fondamentaux continuent à retenir leur attention: la définition trop étroite de la concurrence pertinente pour le secteur de la manutention et le fait que la directive semble uniquement concerner les ports appliquant le ‘modèle landlord’ (attribuer des terrains à des opérateurs privés).
Hino et Scania négocient une coopération Le constructeur japonais de camions et de bus Hino a confirmé hier lundi être en négociations avec son confrère suédois Scania sur une éventuelle alliance. Dans l’état actuel des choses, les deux groupes s’échangeraient des véhicules et des moteurs, mais il n’est pas encore? - question d’une participation financière. Un porte-parole de Hino a précisé à l’agence Reuters que les détails sur ces discussions seront révélés très prochainement, mais il a refusé d’élaborer. Le constructeur japonais réagissait à des informations parues ce week-end dans l’Asahi Shinbun.
UE: la directive portuaire adoptée avant la fin 2002? A l’issue de leur rencontre au sommet à Barcelone, les chefs d’Etat et de gouvernement européens ont lancé un appel aux ministres européens du Transport, leur demandant d’approuver les propositions formulées par la Commission européenne en matière des services portuaires avant fin décembre. Le Premier ministre belge Guy Verhofstadt a en vain tenté de faire rayer cette date du texte de la déclaration finale. Si la directive européenne est approuvée, le chargement et déchargement des navires devra par exemple être libéralisé, et cela vaut également pour les services de pilotage et de remorquage. Selon certaines sources, la nouvelle législation entrainerait la suppression de la loi Major et les ouvriers portuaires anversois prépareraient déjà des actions. L’ouverture de ce marché à la concurrence ne signifie pourtant pas automatiquement la disparition de cette législation.
ChevronTexaco re-evaluating charter portfolio The US oil major may opt to secure more mid-term and long-term charter deals.
More demand for tanker swaps Volume in terms of tonnage will grow in 2002, but total value will be lower.
ACLN listing suspended Non-disclosure of arrest warrant for company chief factor behind SEC move.
Shipping lawyers get together London maritime law scene set for major change as four firms mull mergers.
Millenium fleet marketed High prices quoted for eighteen-vessel dry cargo fleet following the collapse of US owner.
Korea Line halves its losses Bulker and LNG carrier owner increased revenues and improved bottom line in 2001.
Second half recovery not enough for Hanjin Performance improved at Korean container line in latter half of 2001, but owner still made loss.
Halter Marine closing in on tug deal Newbuilding contracts will help rescue Friede Goldman Halter from bankruptcy.
Danielson to buy American Commercial Lines The buyer will issue a $42m rights offering to help restructure ACL's debts.
NYK makes it 15 for INTTRA First Asian container line joins cargo-tracking portal.
Regulator reveals cruise probe inquiry line Interested parties should contact UK Competition Commission to help with inquiry into Royal Caribbean merger.
K Line looks forward to $100m saving Cooperation with Yang Ming on transpacific and European services will start paying off from the end of March.
ExxonMobil renews hunt for VLCCs Oil major taps into ailing market as it trawls for large tanker coverage.
DNV wage ruling expected Norwegian court set to decide pay row at top class society.
Wilh Wilhelmsen exits tankers Owner pockets $25m "loose change" to put towards HMM deal.
Tanker king to foot big loss Rich uncle John Fredriksen takes control of favourite team and picks up $2.4m bill.
Daewoo eyes up ship finance business Korean yard looks to new business ventures as takeover rumours Monday force up share price.
HHI confirms capesize quintet Construction of Golden Union and Safman capes will be split between Ulsan and Samho yards.
Japanese export orders set new low February saw the lowest level of newbuilding contracts since the Asian financial crisis.
Fred Cheng makes VLCC comeback A familiar face has made a reappearance in the large tanker ownership arena.
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