Nigerian crude oil scam takes new twist AN on-going crude oil scam in Nigeria has taken a new twist with fraudsters now seeking to fool crude buyers into chartering the services of non-existent tankers, according to the International Maritime Bureau.
PSA stalwart Goon to retire next month THE man who led PSA Corporation's international expansion, Goon Kok Loon, will retire on March 1 after 37 years at the terminal operator.
'Pots and pans' protest against Prestige oil pollution FIVE thousand Spaniards beat pots and pans in an ear-shattering demonstration of their displeasure at the way authorities reacted to the sinking of an oil tanker that has caused widespread pollution.
Crew safe after 20-hour ordeal in rescue boat A CARGO ship from Indonesia carrying 360 metric tonnes of sawn-wood sank due to engine failure and high waves during a storm.
Greenpeace ship hauled away to end UK port blockade BRITISH port authorities hauled Greenpeace flagship the Rainbow Warrior clear of the entrance to a military port allowing a supply ship laden with tanks and helicopters to sail for the Gulf.
Air and Land Transport
Shuttle explosion likely to hit Boeing profits THE explosion of the space shuttle Columbia will present yet another challenge for Boeing Co, the largest Nasa contractor, as it struggles through an unprecedented downturn in commercial aviation that has sharply hurt its profitability.
US airlines want to stop ticket tax, access to oil reserves if war erupts
Nigerian crude oil scam takes new twist AN on-going crude oil scam in Nigeria has taken a new twist with fraudsters now seeking to fool crude buyers into chartering the services of non-existent tankers, according to the International Maritime Bureau.
PSA stalwart Goon to retire next month THE man who led PSA Corporation's international expansion, Goon Kok Loon, will retire on March 1 after 37 years at the terminal operator.
'Pots and pans' protest against Prestige oil pollution FIVE thousand Spaniards beat pots and pans in an ear-shattering demonstration of their displeasure at the way authorities reacted to the sinking of an oil tanker that has caused widespread pollution.
Crew safe after 20-hour ordeal in rescue boat A CARGO ship from Indonesia carrying 360 metric tonnes of sawn-wood sank due to engine failure and high waves during a storm.
Greenpeace ship hauled away to end UK port blockade BRITISH port authorities hauled Greenpeace flagship the Rainbow Warrior clear of the entrance to a military port allowing a supply ship laden with tanks and helicopters to sail for the Gulf.
Air and Land Transport
Shuttle explosion likely to hit Boeing profits THE explosion of the space shuttle Columbia will present yet another challenge for Boeing Co, the largest Nasa contractor, as it struggles through an unprecedented downturn in commercial aviation that has sharply hurt its profitability.
US airlines want to stop ticket tax, access to oil reserves if war erupts
Air cargo US up 3.7 per cent in 2002 In 2002 US carriers transported 23.3 million tons of air cargo, 3.7 per cent more than in 2001.
China Southern Airlines eyeing cargo service to Australia China Southern Airlines is considering introducing dedicated freighter services between Australia and Guangzhou, following strong growth in cargo uplift in 2002.
Better result Airborne, but not optimistic Airborne today reported net earnings of $14.8 million, or $.31 per share in 2002, compared to a net loss of $19.5 million, or $.40 per share a year ago. 2002 results include after-tax, nonrecurring restructuring and impairment charges of $.08 per share and a gain on sale of securities of $.02 per share.
Hays in UK for sale UK logistics company Hays is on the look out for potential bidders for the logistics sector that was once central to its operations.
Lufthansa sees tough 2003 The global aviation industry faces a difficult year in 2003 and the key to maintaining profits will be tight management of capacity, Wolfgang Mayrhuber, deputy chief executive of Deutsche Lufthansa, told a news conference.
Ryanair slips after buying Bizz from KLM Shares in Ryanair have slipped this morning following the airline's announcement that it is to buy rival low cost carrier Buzz from KLM for 23.9 million euro.
Net sales Geodis down in 2002 Net sales of the Franch logitics group Geodis was down 4.1 per cent on a comparable base in 2002.
ACBL files for Chapter 11 Continues normal business operations.
IACS publishes Prestige audit report IACS has now completed its ad hoc audit of all ABS records relating to the tanker Prestige.
FGH offshore division sale completed Friede Goldman Halter, Inc. says it has completed the previously announced sale of substantially all of the assets of its offshore division
Houma delivers first of six for Candies De Hoop Houma, Houma, La. has just delivered the 56.47 m long by 12.8 m beam shelf supply vessel Amy Candies, the first of six for Otto Candies, LLC.
More RRF mobilizations MARAD has reactivated more Ready Reserve Fleet ships and has issued a notice reminding U.S. seafarers who volunteer for RRF duties of their reemployment rights.
Nasa launches investigation into shuttle disaster AVIATION experts have been called in to help investigate Saturday's space shuttle disaster in which seven astronauts died, writes Janet Porter. Wreckage from the shuttle Columbia, which exploded over Texas at a height of 200,000 ft as it returned to Earth after a 15-day space mission, is strewn across several states.
Owners outraged at P&I terror charge CONTROVERSY is sweeping shipowning circles after P&I clubs decided to charge members and clients for a higher $400m backstop cover against war and terrorism risk.
Harland settles GlobalSantaFe rig dispute HARLAND and Wolff has reached a settlement with GlobalSantaFe on its long-standing claim relating to two sophisticated drillships constructed for the US drilling contractor, writes Tony Gray.
Greece reinforces faith in IMO role A powerful endorsement of the International Maritime Organisation as the appropriate organisation for maritime safety measures has been given by the Greek Minister of Mercantile Marine Yiorgios Anomeritis.
Homeland Security hones reorganization The plan would bring the various border agencies under one section and change the name of the proposed Bureau of Border Security to the Bureau of Immigration and Customs Enforcement to focus on homeland inspection and investigation functions.
Hong Kong pushes for China bridge The bridge would help to ease frequent congestion in moving containers to and from the Pearl River Delta in Southern China.
FMC fines Sea-Land $4 million
Ward named Snow's successor as CSX chief executive
UAL loses $1.5 billion
CSX earnings surged in fourth quarter
Russian cargo plane crashes in East Timor
China Southern eyes freighter service to Australia
Bangladesh, Myanmar launch direct shipping links
Martinair names director of North American cargo sales
Docenave defection from Suape sparks exodus fears Brazil's troubled port of Suape has denied that the defection of Docenave to a neighbouring port heralds the beginning of an 'exodus' by customers.
Poor infrastructure keeps cargo shy of India, Iran, Russia corridor
Maersk and Concor form north Indian intermodal venture
Europe/ANZ: conference rates rise as MSC revamps string
K Line, Gemartrans reshuffle offers Japan/Vietnam direct
Bonner issues final warning to comply with 24-hour rule
Maruba hopes for healthier Argentine trade and flag
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