Asia urged to stand up to US, EU hold on shipping laws AN urgent and unified response by Asia to the threat of increasing regionalisation of shipping regulations by the European Union and the United States is being urged by Asian shipowners.
Japan may refuse entry to certain ships JAPAN may allow its port authorities to refuse foreign ships that do not have insurance or fail to meet safety standards to enter into the country, Kyodo News reported yesterday.
Australia probes drifting 'ghost ship' AN international investigation has been launched after an Indonesian 'ghost ship' was found drifting in Australian waters without a crew and carrying tonnes of rotting fish, officials said yesterday.
Vicky arrives in Rotterdam after Channel collision THE Turkish-registered tanker Vicky, which had been in the Channel since Jan 1 after hitting the wreck of the Tricolor, has arrived in the Dutch port of Rotterdam, port authorities said.
Air and Land Transport
US airlines with subsidised fares face EU penalties A new European Union law may lead to penalties on US airlines that use subsidies to undercut the fares of European rivals.
Airbus poised to topple Boeing as top planemaker
Cathay studying Dragonair's offer on China flights
Hungary's Malev Airlines awaits privatisation again
Asia urged to stand up to US, EU hold on shipping laws AN urgent and unified response by Asia to the threat of increasing regionalisation of shipping regulations by the European Union and the United States is being urged by Asian shipowners.
Japan may refuse entry to certain ships JAPAN may allow its port authorities to refuse foreign ships that do not have insurance or fail to meet safety standards to enter into the country, Kyodo News reported yesterday.
Australia probes drifting 'ghost ship' AN international investigation has been launched after an Indonesian 'ghost ship' was found drifting in Australian waters without a crew and carrying tonnes of rotting fish, officials said yesterday.
Vicky arrives in Rotterdam after Channel collision THE Turkish-registered tanker Vicky, which had been in the Channel since Jan 1 after hitting the wreck of the Tricolor, has arrived in the Dutch port of Rotterdam, port authorities said.
Air and Land Transport
US airlines with subsidised fares face EU penalties A new European Union law may lead to penalties on US airlines that use subsidies to undercut the fares of European rivals.
Airbus poised to topple Boeing as top planemaker
Cathay studying Dragonair's offer on China flights
Hungary's Malev Airlines awaits privatisation again
Intra-Asian box trade biggest The Economic and Social Commission for Asia and the Pacific (Escap) suggests that while growth in global container volumes will slow to 6 per cent, annual compound average growth from 2006 to the end of Escap's study period in 2011, containerised trade within Asia will grow by 7.6 per cent per annum over the next decade.
Italia adds new port call to MedPac Service Italia Line, the container shipping line that specialises in moving cargo from the Mediterranean to the U.S. Gulf, Mexico and the west coast of North America, is adding San Juan in Puerto Rico as a new port of call on its Mediterranean Pacific Express (MedPac) service.
Stena director is Rotterdam Port Man of the Year Pim de Lange, a director of the Stena Line shipping company at the Hook of Holland, has been voted Port Man of the Year 2002.
OK for partial sale of UAL stock The trustee representing United Airlines' employee stock ownership plan may sell 12.8 million shares of parent company UAL Corp. marking the first time it's been able to sell UAL stock since the carrier filed for bankruptcy organization last month.
European rail to be opened for forwarders Today, in Strasbourg, the European Parliament will be holding a major debate on the future of rail transport.
Air NZ up after United's departure Air New Zealand Ltd shares rose 6 per cent on expectations that the government-controlled airline will win customers and bolster revenue after United Airlines said it will stop flying between the US and New Zealand in March.
MISC cuts jobs Malaysia International Shipping Corp. (MISC) has accepted applications from 416 non-executive employees to leave the company by the end of March, as part of its voluntary separation plan.
Mineta announces Port Security Grants Transportation Secretary Norman Y. Mineta today announced $148 million in new transportation security grants.
German yards order EDS PLM software The three German yards in the K130 corvette consortium have ordered product lifecycle management (PLM) software and services worth $10 million from EDS (Electronic Data Services), Plano, Texas.
UK to bring in gun law at terrorist threatened ports THE UK government will soon be able to order the armed state takeover of ports faced with terrorist threats, a top civil servant told a dockworkers conference yesterday.
Rampant rates spur Jefferies to hike earnings estimates Surging tanker rates have encouraged US investment bank Jefferies to implement a dramatic increase in its earnings estimates for the sector in 2003, writes Tony Gray.
'Phenomenal' suezmax returns SUEZMAX freight rates have shot through the roof on the back of rising demand and a thriving very large crude carrier market, brokers said yesterday.
Travelers takes $1.3bn hit to cover itself against wave of asbestos claims IN THE latest of a string of moves by major insurers to address the looming spectre of asbestos liabilities, US major Travelers Property Casualty said it would take a $1.3bn after-tax charge to boost reserves for surging asbestos claims against corporate clients.
Security blanket While carriers were again warned to comply with the 24-hour rule by Feb 2, Customs opened its trade security program to domestic ports, who can also apply for a new round of federal security grants.
Horizon Lines targets cost savings A planned increase in profitability underpinning the sale of domestic carrier CSX Lines will be sought through cost reductions rather than revenue growth, company officials said.
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