Hanjin: A very, very, very good deal CHAMPAGNE flowed at PSA Corporation's headquarters yesterday as key customer Hanjin Shipping and the port operator ceremoniously signed a 'long term' terminal agreement and pledged future 'business cooperation'.
Indonesia still world's leading piracy hotspot
Antwerp port's box volumes up 13.7%
Air and Land Transport
Boeing says aviation sector hit by worst-ever fall BOEING, the world's leading plane manufacturer, warned on Monday that the aviation industry, still reeling after the Sept 11 attacks, was suffering its worst fall of all time.
Branson provides the high spirits amid gloom
UK businesses echo calls for greater airport capacity
Jet Airways expects sales growth to slow this year
Hanjin: A very, very, very good deal CHAMPAGNE flowed at PSA Corporation's headquarters yesterday as key customer Hanjin Shipping and the port operator ceremoniously signed a 'long term' terminal agreement and pledged future 'business cooperation'.
Indonesia still world's leading piracy hotspot
Antwerp port's box volumes up 13.7%
Air and Land Transport
Boeing says aviation sector hit by worst-ever fall BOEING, the world's leading plane manufacturer, warned on Monday that the aviation industry, still reeling after the Sept 11 attacks, was suffering its worst fall of all time.
Branson provides the high spirits amid gloom
UK businesses echo calls for greater airport capacity
Jet Airways expects sales growth to slow this year
Eurotunnel optimistic despite problems Eurotunnel there is a real chance of achieving cash break even in 2002 as it reported a 7 per cent rise in shuttle service and car revenues and a 3 per cent rise of operating profit in the first half, although the company saw sharp declines in traffic volume.
APL automotive operations in China APL Logistics entered into a joint venture agreement with three other parties to help meet the needs of the automotive industry in China.
Exel also with Inttra Logistics operator Exel selected Inttra for Web-based and integrated solutions to enhance its global sea freight operations.
NYK with GT Nexus and Inttra NYK said it reached the integration of NYK's Pegasus e-commerce system with GT-Nexus and INTTRA.
NOL cooperates with Rotterdam university NOL, together with a prominent Dutch Erasmus University Rotterdam, launched a Masters degree designed specifically for the management trainees of this global transportation and logistics company.
Maersk Logistics facility in New Jersey Maersk Logistics today announced that its US subsidiary Hudd Distribution Services opened a new distribution centre in Avenel, New Jersey on the East Coast of the United States.
NOL cheaper home with PSA Neptune Orient Lines (NOL) is yet to extend its terminal contract with PSA Corporation but hopes to wrap up negotiations soon, according to president and chief executive Flemming Jacobs who wants lower tariffs.
U.S. fast ferry design Bristol Harbor Marine Design (BHMD), Bristol Harbor, R.I. has completed the advanced concept phase of a new fast ferry design targeted for construction by small to medium size U.S. shipyards.
Possible U.S. port security fees A House-Senate conference is considering how to fund various maritime and port security initiatives
Torch Offshore gets bank facility, loses CFO In separate announcements,Torch Offshore, Inc. says it has entered into a new $35 million bank facility and has accepted the resignation of its CFO
Panama Canal chiefs defiant as toll hike row escalates PANAMA Canal officials have strongly defended their proposed price hikes for canal transits in the face of harsh criticism from cruise and merchant shipping industry leaders.
K Line clinches deal to run EnerSea gas ships K LINE has signed on as the owner/operator for as-yet-untested compressed natural gas carriers to be built at Hyundai Heavy Industries for the American market.
Hanjin Shipping extends agreement with PSA Corp HANJIN Shipping has signed a long-term agreement with PSA Corp in Singapore putting an end to speculation that the South Korean line would be the next to shift to Malaysia.
Lloyd's List Focus- Maritime security under the spotlight LLOYD'S List has made the whole maritime security issue one of its highest priorities, and you will find below a number of the articles that tackle this crucial issue.
Carriers plan Trans-Pacific rate hikes Lines want mid-term increases on stronger-than-expected eastbound cargo volumes.
ILWU will rally for new contract Dockworkers will be joined by the AFL-CIO and California unions in calling for a quick settlement to their West Coast contract talks.
BNSF net holds on cost controls Profits were flat at Burlington Northern Santa Fe as freight revenues skidded in the second quarter.
Teekay's net income nosedives Slow global economy and lower OPEC output continue pressuring down tanker rates.
Weak tanker stock rated "Buy" US investment bank Fahnestock begins coverage of OMI, Frontline, Stelmar and Teekay.
ACP reviewing canal toll hike Implementation date may be postponed if approvals are not secured from ACP board and government.
Better margins lift Oglebay Norton US bulk carrier operator benefits from effective cost controls and higher margins.
Weak US demand hits Tidewater Net earnings in April-June fell by 41% from a year ago to $23m.
Great Eastern shuts the door on investment house Indian owner has reduced stake in former subsidiary Prime Securities to less than 1%.
Hanjin sticks with Singapore Reduced port dues will bring big savings to South Korean line.
Trinity Industries to sell stock Largest US barge builder will use net proceeds for debt repayment and acquisitions.
Keppel T&T still resisting boxship "firesale" Two years after putting fleet up for sale, Singapore owner still has 10 1990s-built vessels.
Kiriacoulis wins arson case Appeal court orders insurers to pay for loss of passengership in mystery fire.
USCG moves against rusty ships Corroded vessels are still trading to the US despite the detention risk.
Nino cargo transfer expected later this week Weather is key to lightering and refloating of Columbia Shipmanagement's tanker off South Africa.
Q Ship denies SCI pull-out But Qatar owner's bid in question after Indian partner quits race for state shipping company.
Inactive tankers - a dark cloud on the horizon Laid-up or inactive tanker tonnage has risen to its highest level since late 1998.
Beacon Shipping affiliate misses claims deadline "Thwarted" bidder for Latvian Shipping has not filed any claims against stock exchange or privatisation agency.
Eastbound box volumes remain resilient Asia to US cargo movements have seen double-digit growth in three out of the last four months.
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