P&O Princess chalks up losses in 4th quarter P&O Princess Cruises, which is being bought by No 1 cruise operator Carnival Corp, posted a fourth-quarter loss compared with a year-earlier profit on costs relating to takeover battles.
Prestige tanker captain out on bail THE Greek captain of the oil tanker Prestige that sank off the coast of Spain causing its worst ever environmental disaster was released from prison on Friday after the ship's insurer paid 3 million euro bail.
US tanker runs aground in Danish waters; no oil spilled AN oil tanker belonging to the US group Chevron and loaded with 35,000 tonnes of light fuel ran aground in Danish waters, but no oil spill has been reported, Danish navy officials said.
Chemical tanker, trawler collide in Channel A Panamanian chemical tanker and a British trawler collided in the Channel on Saturday but no one was hurt in the incident and no leaks were reported, British coastguards said.
Air and Land Transport
Swiss Air mulls cutting fleet as European demand slows SWISS International Air Lines Ltd, Switzerland's national carrier, is looking at reducing its regional fleet to try to break even this year after losing passengers as unemployment rises in Europe.
Airbus expects growth in production by 2005
Air Canada to sell parts of its operations
Dragonair passenger traffic increased 26% in December
P&O Princess chalks up losses in 4th quarter P&O Princess Cruises, which is being bought by No 1 cruise operator Carnival Corp, posted a fourth-quarter loss compared with a year-earlier profit on costs relating to takeover battles.
Prestige tanker captain out on bail THE Greek captain of the oil tanker Prestige that sank off the coast of Spain causing its worst ever environmental disaster was released from prison on Friday after the ship's insurer paid 3 million euro bail.
US tanker runs aground in Danish waters; no oil spilled AN oil tanker belonging to the US group Chevron and loaded with 35,000 tonnes of light fuel ran aground in Danish waters, but no oil spill has been reported, Danish navy officials said.
Chemical tanker, trawler collide in Channel A Panamanian chemical tanker and a British trawler collided in the Channel on Saturday but no one was hurt in the incident and no leaks were reported, British coastguards said.
Air and Land Transport
Swiss Air mulls cutting fleet as European demand slows SWISS International Air Lines Ltd, Switzerland's national carrier, is looking at reducing its regional fleet to try to break even this year after losing passengers as unemployment rises in Europe.
Airbus expects growth in production by 2005
Air Canada to sell parts of its operations
Dragonair passenger traffic increased 26% in December
Eurotunnel won case over railways Decision of the Arbitration Tribunal: the Railways claim, seeking to obtain a reduction of their contribution to Eurotunnel's operating costs for 1997 and 1998, has been rejected.
Air Canada: loss and sale Air Canada put its Jazz regional airline and other assets on the block and warned it is to slash labour costs by about 20 per cent.
US carriers have lost over $7 billion Collectively in 2002, the United States's 30-plus airlines lost more than $7 billion despite a $15 billion bailout from Congress after the terrorist attacks.
Mangouras out of jail as Irish show how it's done APOSTOLOS Mangouras, the master of the Prestige, was released on Friday from the high security Spanish jail where he had been detained for 85 days.
Festival bids to scupper Carnival's mega-merger A LAST-ditch bid to scupper Carnival's planned takeover of P&O Princess has been launched by European-based Festival Cruises in complaints to the European Commission.
Rules set for Happy Ranger case THREE law lords have called legal "time" in an on-going battle over the rules to be applied in respect of a claim for a reactor damaged while being loaded on to a vessel, writes Roger Pearson.
Cenargo opts for administration Michael Hendry's Cenargo International is believed to have applied for voluntary administration in the UK High Court, a move that could result in the Irish Sea ferry group being broken up, writes Tony Gray.
Cargo classification at root of low box detention under 24-hour rule US Customs has admitted that the relatively few boxes so far detained under the 24-hour rule stems from problems classifying cargo and the agency's reluctance to impose penalties.
New regulations for foreign carriers to China
Port of New York & New Jersey reports only one 'no load' order
Charleston to open way for Atlantic post-panamaxes
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