Two top APL execs leave, regional units cut to 4 HOT on the heels of removing chief executive and president Flemming Jacobs, Neptune Orient Lines has cut the chief operating officer position at its container arm APL and slashed its regional divisions from six to four to create a 'flatter, leaner organisational structure' for 'sustained profitability'.
Philippines drops plans to privatise North Harbour THE Philippine Ports Authority has abandoned plans for privatising the Philippine's largest cargo and passenger terminal.
Daewoo shipyard's 2002 orders down 12% DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, received 12 per cent fewer orders last year as a global economic slowdown weakened demand for new ships.
Air and Land Transport
Qantas, Air NZ seek to allay fears over tie-up AUSTRALIA's Qantas Airways and Air New Zealand offered a series of undertakings to Australia's competition body in a bid to overcome concerns about their proposed alliance.
Two top APL execs leave, regional units cut to 4 HOT on the heels of removing chief executive and president Flemming Jacobs, Neptune Orient Lines has cut the chief operating officer position at its container arm APL and slashed its regional divisions from six to four to create a 'flatter, leaner organisational structure' for 'sustained profitability'.
Philippines drops plans to privatise North Harbour THE Philippine Ports Authority has abandoned plans for privatising the Philippine's largest cargo and passenger terminal.
Daewoo shipyard's 2002 orders down 12% DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, received 12 per cent fewer orders last year as a global economic slowdown weakened demand for new ships.
Air and Land Transport
Qantas, Air NZ seek to allay fears over tie-up AUSTRALIA's Qantas Airways and Air New Zealand offered a series of undertakings to Australia's competition body in a bid to overcome concerns about their proposed alliance.
Lufthansa expects decline in profits Lufthansa cautioned that profits in 2003 would remain far below the 1 billion euro posted in 2000, and warned of a possible hiring and investment freeze after a cut in capacity.
TPG expands unaddressed mail network in Germany Mail, express and logistics company, TPG N.V, through its subsidiary TPG Post Holdings (Deutschland) GmbH in Germany, has today acquired 100% of the shares in Werbeagentur Fischer GmbH, a Bergen, Bavarian-based unaddressed mail distribution company.
'Giant electromagnets to moor ships' 'The gentle press of a button could soon be all it takes to keep a giant ship secured to the dockside. The port of Rotterdam in the Netherlands is getting ready to test an experimental system later in 2003 that will use a series of strong electromagnets built into the quay to moor giant container ships.'
Good results Yellow Yellow earnings from continuing operations rose to 50 cents a share -- beating a Thomson First Call estimate of 49 cents -- in the latest fourth quarter from 7 cents a year earlier.
US Senate kills US Airways plan The US Senate killed a proposal to allow US Airways Group to restructure payments to its employee pension system, increasing chances the bankrupt carrier will end its pilots' retirement plan.
Grimaldi slams EU on rush for safety rules A 'hysterical' rush to introduce new safety legislation has swept up politicians in the European Union in the wake of the Prestige disaster, the continent's top shipowner has claimed.
APL executives quit in wake of Jacobs departure APL chief operating officer, Ed Aldridge, and president for Asia, Ken S'rensen have stood down in a management shake-up.
Speculation mounts over Lapthorn sell-off UNCERTAINTY surrounds the future of the fleet of Lapthorn, one of the UK's few remaining shortsea shipping operators, writes Tony Gray.
EU cool to U.S. open skies offer The European Union reacted skeptically to a U.S. offer to make changes to controversial bilateral aviation accords with EU countries in order to align them with EU law and remove a barrier to mergers between European airlines.
Customs OKs 24-hour exemptions The Customs Service has approved 47 exemptions from terms of the 24-hour manifest filing rule for breakbulk carriers.
Record cold hampers U.S. logistics Arctic weather across the eastern two-thirds of the nation piled snow on southern highways and choked northeastern harbors with ice.
Lines demand ice breaker for Russia-bound boxships Liner agencies representing container carriers in Russia are demanding that the St. Petersburg Port Authority provide an ice breaker at the port.
Eurogate slams European rail liberalisation programme Thomas Eckelmann, CEO of terminal operator Eurogate, was scathing about the progress being made to privatise the rail sector saying the level of competition was 'appalling'.
JNPT win battle to keep POP out of Mumbai terminal bidding
MSL set to launch India USWC service in March
Norasia takes Asia/Europe slots from Hanjin
Chicken run links mainline services to southern Brazil
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