UBS cuts container demand forecasts INVESTMENT bank UBS has cut its container demand forecasts for the remainder of this year and 2004 due to the Sars-induced slowdown, but is confident that rate restoration will continue despite rising capacity on key trades as the summer peak season approaches.
Austal Ships seals multihull ferry deal IN a signi-ficant coup for Australian shipbuilding, Western Australia's Austal Ships has won a contract to build the world's largest high-speed, multihull ferry for European operator Fred.
Greek coast guard probing ship laden with explosives THE Greek coast guard yesterday questioned the crew of a ship carrying 680 metric tonnes of explosive material to determine any possible terrorist or criminal link.
Air and Land Transport
Air NZ vulnerable to takeover if alliance rejected AIR New Zealand Ltd said it will be vulnerable to takeover if regulators block a proposed alliance with Qantas Airways Ltd because the country isn't big enough to support three airlines.
Kenya breaks air links with Somalia
BA rejects Virgin's 5b offer for Concorde jets
Baghdad airport to reopen to commercial airlines soon
Batavia Air to fly Pontianak, Kuching route
China Air sales drop by NT$4.2b
Features
Swiss Int'l may reduce fleet, cut jobs on falling demand SWISS International Air Lines Ltd, the national carrier, may become the latest European airline to ground planes as losses mount and passenger numbers decline.
UBS cuts container demand forecasts INVESTMENT bank UBS has cut its container demand forecasts for the remainder of this year and 2004 due to the Sars-induced slowdown, but is confident that rate restoration will continue despite rising capacity on key trades as the summer peak season approaches.
Austal Ships seals multihull ferry deal IN a signi-ficant coup for Australian shipbuilding, Western Australia's Austal Ships has won a contract to build the world's largest high-speed, multihull ferry for European operator Fred.
Greek coast guard probing ship laden with explosives THE Greek coast guard yesterday questioned the crew of a ship carrying 680 metric tonnes of explosive material to determine any possible terrorist or criminal link.
Air and Land Transport
Air NZ vulnerable to takeover if alliance rejected AIR New Zealand Ltd said it will be vulnerable to takeover if regulators block a proposed alliance with Qantas Airways Ltd because the country isn't big enough to support three airlines.
Kenya breaks air links with Somalia
BA rejects Virgin's 5b offer for Concorde jets
Baghdad airport to reopen to commercial airlines soon
Batavia Air to fly Pontianak, Kuching route
China Air sales drop by NT$4.2b
Features
Swiss Int'l may reduce fleet, cut jobs on falling demand SWISS International Air Lines Ltd, the national carrier, may become the latest European airline to ground planes as losses mount and passenger numbers decline.
UBS cuts container demand forecasts INVESTMENT bank UBS has cut its container demand forecasts for the remainder of this year and 2004 due to the Sars-induced slowdown, but is confident that rate restoration will continue despite rising capacity on key trades as the summer peak season approaches.
Austal Ships seals multihull ferry deal IN a signi-ficant coup for Australian shipbuilding, Western Australia's Austal Ships has won a contract to build the world's largest high-speed, multihull ferry for European operator Fred.
Greek coast guard probing ship laden with explosives THE Greek coast guard yesterday questioned the crew of a ship carrying 680 metric tonnes of explosive material to determine any possible terrorist or criminal link.
Air and Land Transport
Air NZ vulnerable to takeover if alliance rejected AIR New Zealand Ltd said it will be vulnerable to takeover if regulators block a proposed alliance with Qantas Airways Ltd because the country isn't big enough to support three airlines.
Kenya breaks air links with Somalia
BA rejects Virgin's 5b offer for Concorde jets
Baghdad airport to reopen to commercial airlines soon
Batavia Air to fly Pontianak, Kuching route
China Air sales drop by NT$4.2b
Features
Swiss Int'l may reduce fleet, cut jobs on falling demand SWISS International Air Lines Ltd, the national carrier, may become the latest European airline to ground planes as losses mount and passenger numbers decline.
Crude prices falter as bulls grow tired Bears and bulls are struggling to accurately peg market fundamentals at present, with the latest evidence ruling mostly in the favour of bears. However, many factors indicate that the bulls will have a stronger case soon, unless their platform of low inventory levels is eroded by high supply in the coming weeks.
Singapore rises on bullish cargo and high demand
Steady St Petersburg defies Northern European trend
New IMO Secretary-General elected
Demand slack in firm Klaipeda
Great Belt on the rise
Rotterdam firms with crude this morning
Crude remains firm after Iraqi pipeline blasts Iraq has had another 2 pipeline explosions since Friday, reminding the market of just how vulnerable Iraq's oil infrastructure is. Furthermore, Iraqi output targets have been cut again.
Shipping industry welcomes IACS common structural rules
Greek forces raid explosives ship after tip-off from Nato A cargoship carrying 680 tonnes of explosives was raided by Greek special forces late on Sunday.
Greenpeace wins stay of execution from IMO A SEEMINGLY cut and dried decision by the International Maritime Organisation Council to bar Greenpeace from future meetings at the UN agency was back up in the air yesterday, as IMO's secretariat said the matter would be left up to November's general assembly.
MacAndrews seeks Epic future MACANDREWS, the regional container line acquired by CMA CGM last year, is to expand coverage to the Middle East and Indian subcontinent by joining the Epic consortium.
Exmar quashes merger speculation EXMAR quashed speculation of a merger with Norwegian group Golar LNG after its share price jumped 29% on the first day of trading yesterday.
AP Møller dismisses P&O Nedlloyd takeover talk INDUSTRY talk that AP Møller has sought guidance from the European Commission's antitrust regulators about a possible takeover of P&O Nedlloyd were dismissed yesterday by the Danish congomerate, writes Janet Porter.
Hutchinson: Trade not overlooked The Under Secretary for Border and Transportation Security gave assurances - but no promises - during a meeting with members of the Customs Operations Advisory Committee.
EU warns Belgium to drop noise law The European Union has warned Brussels to drop planned aircraft noise regulations that will prevent U.S.-owned cargo jets from landing at its airports or flying in its airspace.
Judge orders depositions in DHL case
FedEx Freight announces rate increases
Rates for westbound India shipments increase again
Industrial action strangles Itajai port operations Nearly 4,500 containers are waiting to be loaded onto ships at Itajai Container Terminal (Teconvi) where dockers have been taking industrial action since Friday.
Lower THC aimed at attracting cargo to Mundra P&O Ports the international port developer is offering lower terminal handling charges (THC's) and attractive rail haulage charges at its new facility at Mundra.
Busan volumes show strike's impact, amid strong S.Korean transhipment growth
Mixed results for e-seals reported in technology tests
Brazil approves US$600m Santos upgrade
Navy officers accused of negligence in ANL Indonesia case
PONL: European gateway is 'first step' in inland network
October is deadline for completion of SCI divestment
US Coast Guard, IMO create security officer training
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