PSA to lay off 200 senior, 600 junior staff this year ABOUT 200 senior and 600 junior PSA Corporation staff will make up the total retrenchments this year, including the 496 who received lay off letters yesterday.
Jakarta releases 3 Belgian owned sand dredgers THREE Belgian-owned dredgers detained for nearly seven months by Indonesian authorities for alleged illegal sand mining in the Riau islands have finally been released.
Mitsubishi yard welders charged JAPANESE police pressed charges against seven Mitsubishi Heavy Industries workers for negligence and setting off a massive blaze that damaged a British cruise liner under construction last year.
8 die in Indon ferry sinking EIGHT people are confirmed dead and about 30 are believed missing after a ferry caught fire and sank off North Sumatra in Indonesia yesterday, police said.
2 killed in cargo ship collision off Japan TWO Chinese men were killed when their cargo ship collided with a Cambodian-registered vessel off Japan, the Japanese Coast Guard said.
Cartel busters raid 4 European tanker firms THE four major chemical tanker operators in Europe have said antitrust authorities raided their offices in Norway, Britain and the Netherlands investigating a possible cartel.
PSA must retain people on the ground I REFER to the report 'PSA's cost-cutting must not affect port efficiency'.
Air and Land Transport
Air NZ set for solid rebound with strong H1 profits NATIONAL carrier Air New Zealand is expected to post a strong first-half profit on the back of more passengers and a stronger currency, reflecting a solid rebound for the bailed-out airline.
Air safety officers to monitor Qantas flights
AirAsia to serve region by Jan next year
Plane crew overpower Taiwan man claiming to have explosives
PSA to lay off 200 senior, 600 junior staff this year ABOUT 200 senior and 600 junior PSA Corporation staff will make up the total retrenchments this year, including the 496 who received lay off letters yesterday.
Jakarta releases 3 Belgian owned sand dredgers THREE Belgian-owned dredgers detained for nearly seven months by Indonesian authorities for alleged illegal sand mining in the Riau islands have finally been released.
Mitsubishi yard welders charged JAPANESE police pressed charges against seven Mitsubishi Heavy Industries workers for negligence and setting off a massive blaze that damaged a British cruise liner under construction last year.
8 die in Indon ferry sinking EIGHT people are confirmed dead and about 30 are believed missing after a ferry caught fire and sank off North Sumatra in Indonesia yesterday, police said.
2 killed in cargo ship collision off Japan TWO Chinese men were killed when their cargo ship collided with a Cambodian-registered vessel off Japan, the Japanese Coast Guard said.
Cartel busters raid 4 European tanker firms THE four major chemical tanker operators in Europe have said antitrust authorities raided their offices in Norway, Britain and the Netherlands investigating a possible cartel.
PSA must retain people on the ground I REFER to the report 'PSA's cost-cutting must not affect port efficiency'.
Air and Land Transport
Air NZ set for solid rebound with strong H1 profits NATIONAL carrier Air New Zealand is expected to post a strong first-half profit on the back of more passengers and a stronger currency, reflecting a solid rebound for the bailed-out airline.
Air safety officers to monitor Qantas flights
AirAsia to serve region by Jan next year
Plane crew overpower Taiwan man claiming to have explosives
Maersk back in black in 2003 The Danish parent of Maersk Sealand said its shipping operations, which were heading for a loss, will now make a profit.
Malaysia port sets box expansion plans Malaysia's northwestern Port of Penang is adding another container berth and second access bridge, and reclaiming 60 acres of land for a container yard, among a host of improvements aimed at expanding its container-handling capabilities. The developer for the project is expected to be announced by the end of March.
Air NZ with strong H1 profits National carrier Air New Zealand is expected to post average profit forecast of NZ$89 million in its first-half on the back of more passengers and a stronger currency, reflecting a solid rebound for the bailed-out airline.
PSA hands out nearly 500 pink slips A total of 496 staff had been given their notice early Monday and another 800 are due to leave through retirement, resignation, transfers or when their service contracts end, a PSA spokesman said.
All Nippon Air losses and lay-offs All Nippon Airways may stretch 3-day decline after report to fall into red this FY. Nikkei predicts group operating loss of about Y9 billion vs company's initial forecast for Y15 billion profit; consensus for Y11.48 billion profit.
Bulls' eyes light up on AP Møller rethink AP Møller's shipping activities performed much better in 2002 than the Danish group had been anticipating in the early months of last year - news that prompted analysts to claim the liner market had turned the corner.
Noble launches Abbey Shipping in rare Enterprise Investment A NEW UK shipping company has been launched under the government's Enterprise Investment Scheme, which is designed to stimulate equity investment in small companies through tax incentives.
Star plans US flag cruise fleet as revenue increases STAR Cruises is planning a US-flagged cruise fleet as it pulls itself back into the black in 2002.
Stena upgrades Irish Sea ferry link SWEDISH ferry group Stena Line is to inject '70m into a major upgrade of its Irish Sea services linking Ireland and Scotland with the construction of two new port facilities, writes Jerry Frank.
Port Mobil claims to go to UK club PROTECTION and indemnity club West of England is likely to face claims arising from the explosion that rocked ExxonMobil's Port Mobil facility at Staten Island.
Moller now sees profit for shipping The Danish parent of Maersk Sealand said its shipping operations, which were heading for a loss, will now make a profit.
Truckers strike Port of Savannah Harbor truck drivers on Monday launched a two-day job action at the Port of Savannah to protest delays at the Georgia port.
Cosco joins Shanghai port scramble China's largest shipping company disclosed plans to bid for a stake in the country's new Yangshan deepwater port.
Frontline boosts 4Q profits
Probe into deadly New York barge explosion
BAX Global taps Carr
USSEC holds on bunker charge
Malaysia port sets box expansion plans
Mail Boxes Etc. franchisees want to block UPS plan
Eurogate, Maersk Data open logistics software venture
Ghana deal launches South African port authority's international expansion drive South Africa's National Ports Authority (NPA) is poised to sign its first long-term concession agreement in another African country this week, the first step in its expansion into Africa and beyond.
Resurgent liner confidence: AP Moller forecast upgrade AP Moller has raised its financial expectations for 2002, announcing a DKr1.5 billion (US$217 million) upward revision for income from shipping that is indicative of growing confidence across the liner sector.
New COSCO, Yangming service boosts transpacific capacity
Hong Kong terminal majors offer joint value-added platform
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