Flemming Jacobs a victim of circumstances, say some A mix of trading conditions and official displeasure is the likely reason behind the surprise ouster on Monday of Neptune Orient Lines boss Flemming Jacobs, according to a startled shipping community.
M'sian ports seek RM4b investment to expand capacity
W Coast dockers vote on contract
Air and Land Transport
Global airline losses hit US$13b last year: Iata THE global airline industry suffered a US$13 billion loss in 2002, the second straight year of staggering losses as costs for tighter airport security and war insurance took their toll, an International Air Transport Association official said on Monday.
Boeing meets aircraft delivery goal
BA expects decline in full-year revenues
United Airlines cuts business fares from 2 hubs
Varig ordered to restate earnings
Schiphol sees rebound in number of flights
Features
S African port a victim of its own success DURBAN, Africa's busiest port, has become the victim of its own success since the abolition of apartheid in 1994.
Flemming Jacobs a victim of circumstances, say some A mix of trading conditions and official displeasure is the likely reason behind the surprise ouster on Monday of Neptune Orient Lines boss Flemming Jacobs, according to a startled shipping community.
M'sian ports seek RM4b investment to expand capacity
W Coast dockers vote on contract
Air and Land Transport
Global airline losses hit US$13b last year: Iata THE global airline industry suffered a US$13 billion loss in 2002, the second straight year of staggering losses as costs for tighter airport security and war insurance took their toll, an International Air Transport Association official said on Monday.
Boeing meets aircraft delivery goal
BA expects decline in full-year revenues
United Airlines cuts business fares from 2 hubs
Varig ordered to restate earnings
Schiphol sees rebound in number of flights
Features
S African port a victim of its own success DURBAN, Africa's busiest port, has become the victim of its own success since the abolition of apartheid in 1994.
Flemming Jacobs a victim of circumstances, say some A mix of trading conditions and official displeasure is the likely reason behind the surprise ouster on Monday of Neptune Orient Lines boss Flemming Jacobs, according to a startled shipping community.
M'sian ports seek RM4b investment to expand capacity
W Coast dockers vote on contract
Air and Land Transport
Global airline losses hit US$13b last year: Iata THE global airline industry suffered a US$13 billion loss in 2002, the second straight year of staggering losses as costs for tighter airport security and war insurance took their toll, an International Air Transport Association official said on Monday.
Boeing meets aircraft delivery goal
BA expects decline in full-year revenues
United Airlines cuts business fares from 2 hubs
Varig ordered to restate earnings
Schiphol sees rebound in number of flights
Features
S African port a victim of its own success DURBAN, Africa's busiest port, has become the victim of its own success since the abolition of apartheid in 1994.
Jacobs has to leave NOL Danish CEO Flemming Jacobs on Tuesday made an abrupt departure from Singapore's loss-making shipping giant Neptune Orient Lines Ltd. (NOL).
Deutsche Post in consulting Co. Deutsche Post consolidated its consulting business divisions and market research departments to form a new company, Deutsche Post World Net Business Consulting GmbH, which will have 130 staff.
FedEx up after positive rating Shares in the world's biggest air-express firm FedEx Corp FDX.N FDX.F rose to 53.70 euros ($56.18) in Frankfurt from a U.S. close of $55.50 after Credit Suisse First Boston raised its rating on the firm to "outperform" from "neutral."
Hanjin increases capacity of China Europe Express Next month Hanjin Shipping will increase the capacity of the weekly China Europe Express (CEX).
MAS eyes 6 new Airbus mega-jumbos The parent company of flag carrier Malaysia Airlines is in talks with the European Airbus consortium to acquire at least six A380 superjumbo aircraft, the Star said.
Malaysian ports need $1.1 billion investment Malaysia's ports need investment of more than a billion dollar to raise capacity and win a greater share of global trade, a report said today.
UK charters more ro-ros ready for Iraq THE UK is now thought to have chartered six to eight roll-on roll-off vessels as part of its build up for war on Iraq, while the US Military Sealift Command has fixed a containership for an undisclosed Asian destination.
Market fears NOL 'power vacuum' as shares slide NEPTUNE Orient Lines' share price fell 4.9% yesterday following the sudden ousting of chief executive Flemming Jacobs.
Chugoku Paints in broad-brush legal stroke against Jotun CHUGOKU Marine Paints is considering broadening legal moves to stop competitor Jotun from marketing an anti-fouling coating already covering the hulls of ships operated by well-known owners that include Shell, BP and Frontline.
Andreas Ugland sells off UB Shipping to Allco NORWEGIAN family shipping group Andreas Ugland yesterday took a further step in "tidying up" its corporate structure with the sale of UK operation UB Shipping to asset financier Allco, writes Jerry Frank.
Opec prepares for crisis talks over lost Venezuelan exports MINISTERS from the Organisation of Petroleum Exporting Countries look set to hold an emergency meeting on Sunday to decide how much extra oil is needed to make up for lost Venezuelan exports.
NITL president Emmett resigns Edward M. Emmett, president of The National Industrial Transportation League since 1992, has announced his intention to resign effective May 6.
Marad won't back FastShip loan bid The Maritime Administration said it won't currently support government-backed shipbuilding loans for a fleet of futuristic high-speed container ships to be operated in the North Atlantic trade.
NOL shakeup may hint at bigger loss The timing of chief executive Flemming Jacobs's departure suggests the company may be preparing the market for record losses.
Congress back at work; economy, security top agenda
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