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| NOVEMBER 7, 2000 |
Shipping News
- APL forms wholly-owned unit in India
[SINGAPORE] Global container line and logistics operator APL has announced the creation of a new 100 per cent APL-owned business unit in India as part of its strategy to extend its liner presence in key markets.
- Neptune Dorado given another 3 weeks to make good defects
- Tanker spills oil at Brazil port; crew of listing cargo ship saved
- Aussie ports free to hire foreign towage operators
- Australia to review rules on ships near coral reef
Air and Land Transport
- China's passenger plane fleet to triple in 20 years
[BEIJING] China is expected to more than triple its fleet of 499 passenger planes in the next 20 years, the China Daily said yesterday.
- BA recovers further with '264m profit
- Kuwait Air in the black for first time since Gulf War
- KLM's passenger, cargo traffic up in Oct
- 5,000 Rolls-Royce workers in UK risk losing jobs: union
- Cameroon Air jet overshoots runway
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| NOVEMBER 7, 2000 |
- China Shipping Group sets vast global expansion
The carrier will launch 13 new 5,500-TEU container ships on the trans-Pacific and Asia-Europe trades within the next 30 months.
- Railroads post 4% gain in intermodal traffic
Container volume continued to surge with an 11.5% increase to offset an 11.3% decline in intermodal trailer traffic.
- A new guide to import regulations
We review a timely companion to the Customs regs colossus.
- Japanese investors acquire British ports group for $735 million
- Demand soars for Deutsche Post shares
- British Airways puts no-frills unit up for sale
- Six lines test Web box tracking
- Emery and Postal Service settle priority mail dispute
- BXA seeks comment on export controls
- China Shipping North America moves HQ
- Korean rail project gains Russian backing
- Hong Kong airport slashes fees
- United Shipping & Technology sells Tricor America
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| NOVEMBER 7, 2000 |
- HKSAR financial results for six months to September
- California scheming for Shanghai Zhenhua
- MOL companies renamed
- Pacer nets logistics business
- New Order for airline insurance
- World stops to look at China's Airshow
- China eyes skies with joint jet set
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| NOVEMBER 6, 2000 |
- Swissair and Alitalia possibly together
- Results BA positive
- BA to sell Go
- Huge loss Deutsche Bahn to remain
- P&O and Jacobs holdings to develop ro-ro terminal
- Shell Haven
- Wisconsin Central for Sale
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| NOVEMBER 7, 2000 |
- Om Logistics: A complete solution for industry
- SCI's net income soars by 150 pc in second quarter
- IWTAI wooing major bulk cargo players to use NW-1
- Most exporters upbeat about robust growth in H2
- Iron & steel items exports show impressive growth
- SOPA organises global oil convention
- Good scope to optical whitener exports seen
- Centre sponsors 12-member trade team to Cajufest
- ICD-Sabarmati-JNP 'Conraj' train flagged off - Transit time cut by 24 hours
- MoU signed for setting up Kulpi port
- Naidu invites Japanese investment in 4 major sectors
- Rate of inflation slips to 6.7 pc
- Govt commissions detailed study of non-tariff barriers to exports
- Govt fixes raw silk production target at 31,000 tonnes
- New policy may help textile industry grow 10-20 per cent
- Oil pool account gap swells by Rs 250 cr. a month
- Forex reserves dipped by $181 million to 34,861 million
- 3 more secretaries shifted
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| NOVEMBER 6, 2000 |
- Traders anticipate build in US crude stocks
- Bearish outlook for European bunkers this week
- Singapore and related markets start week with massive bunker price fall
- Brazilian bunker price and availability report
- Report says OPEC will not meet production target
- Augusta price indications
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| NOVEMBER 6, 2000 |
- Kalmar Industries makes breakthrough in Georgia
- Conterm Australia: new management and new services to Asia, Africa, North America, Europe, & the South Pacific
- Lloyd's inspections at Aqaba Port to end by December 2000
- United States and Jordan sign a free trade agreement
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| NOVEMBER 6, 2000 |
- Queen Mary 2 contract signed
Carnival Corporation's Cunard Line today announced that a contract has been signed with Alstom Chantiers de L'Atlantique shipyard in Saint- Nazaire, France, to build the "grandest and largest passenger vessel ever constructed, Queen Mary 2".
- Litton selling marine electronics unit
Litton Marine Systems, which manufactures marine navigation, communication and information systems, products and services under the Sperry, Decca and C. Plath brand names is being sold by Litton Industries, Inc. along with the rest of the company's Advanced Electronics group.
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| NOVEMBER 6, 2000 |
- River ports back to work due to rejection by National Marine Fisheries
- Construction begins on Portland's Broadway Bridge in early November
- AAR reports U.S. intermodal rail traffic rose 3.6 percent in October 2000
- Port of Portland sets lantern artwork permanetly on headquarters
- Port of Vancouver, BC claims Ballast Water Exchange Program still working well
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| NOVEMBER 7, 2000 |
- Queen Mary 2
- Statoil set for further record
AN average Brent Blend price of NKr272 ($29.2) a barrel during the third quarter, 52% better than the krone-denominated figure a year ago, propelled Norway's state-owned oil major Statoil to the best nine-month performance in its history, and underpinned a forecast for a similar performance on the year as a whole.
- Korean forwarder under court control
SOUTH Korea's largest freight forwarder is now under court control as a consequence of being frogmarched into backing a sinking affiliate construction company.
- NPI agenda for Powell assets sale
NIKKO Principal Investments, the European financing division of Nikko Securities, will develop UK-based Powell Duffryn's ports and shipping business in the medium term, but ultimately plans to sell them on.
- Powell Duffryn facts
POWELL Duffryn is an industrial group engaged in ports and engineering businesses, employing over 4,000 people worldwide. Its main port and shipping businesses include:
- Bankruptcy foils US oil spill charges
US prosecutors pressing forwards behind a volley of oil spill-related indictments against the owners, operators and officers of a Danish tanker may well be left empty-handed after the companies filed for bankruptcy.
- Indonesia piracy black spot as attacks rise
THE number pirate attacks worldwide in the first nine months of 2000 have nearly exceeded the total for last year as whole, with Indonesia and the Strait of Malacca the biggest blackspots.
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| NOVEMBER 6, 2000 |
- Litton confirms sale of LMS
- Chile gets tough on port strikers
- Shot fired in Montreal strike
- Pollution officers charged
- Nikko backs Powell Duffryn MBO
- Philippines seeks coal supply bids
- Three in race for URAG tugs
- Lloyd's acclaims 'landmark' victory
- Keppel moves on Dutch repair yard
- Bremen row splits SPD party
- T&C may quit Danish flag
- Indian Navy opposes Chinese dredger
- Now Hoegh quits Petronet bid
- Ballast could harbour health hazards
- Carnival confirms QM2 order
- Rogue ships cash in on casualty
- Petrobras fined in new oil spill
- Malta union boycotts Libyan ferry
- Samina probe sunk
- Bunga refloat plan approved
- NY/NJ puts cargo on line
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| NOVEMBER 7, 2000 |
- L’Autriche propose à l’UE de diminuer le péage au Brenner
Peu avant de démissionner (voir l’encadré), le ministre autrichien des Transports Michael Schmid a proposé à l’Union européenne de réduire de 20% le péage sur l’autoroute du Brenner et de le porter à 850 ATS (61,80 EUR). Rappelons que la Cour européenne de Justice a obligé Vienne à revoir à la baisse le prix du péage, jugé disproportionné.
- La convention CMNI a été adoptée à Budapest
Une convention diplomatique réunie à Budapest a adopté début octobre la convention relative au contrat de transport de marchandises en navigation intérieure (CMNI), annonce - un peu tardivement - un communiqué conjoint de la Commission centrale pour la Navigation du Rhin (CCNR), de la Commission du Danube (CD) et de la Commission économique des Nations Unies pour l’Europe (CEE-ONU). La nouvelle “convention de Budapest” a été adoptée à l’unanimité et “comble une lacune du droit international, car, contrairement aux autres modes de transport, il n’existait pas de convention internationale couvrant le contrat de transport de marchandises en navigation intérieure”.
- British Airways augmente son bénéfice opérationnel de 125% et va vendre sa filiale Go
Le deuxième semestre de British Airways se termine sur un bénéfice opérationnel de 264 mio. de GBP, contre 117 millions au même trimestre de l’an dernier. Soit 125% de plus, et bien davantage que ce que pensaient les analystes, à savoir entre 140 et 190 mio. de GBP. La filiale Go va être mise en vente. Et Air France pourrait être le futur allié européen de BA... hormis dans le secteur du fret aérien, déclare-t-on d’emblée chez BAWC.
- Le CBRB fustige l’avarice du gouvernement néerlandais à l’égard de la batellerie
Lors de la 72e assemblée annuelle publique du Centraal Bureau voor de Rijn- en Binnenvaart (Bureau central de la navigation rhénane et intérieure), qui a eu lieu à Delft lundi dernier et avait comme thème “La navigation intérieure estimée à sa valeur?”, le directeur Roos s’est demandé si un secteur qui prouve année après année pouvoir traiter plus de cargaisons, également sur courtes distances, et qui est de plus en plus utilisé par les chargeurs et organisateurs de transport, bénéficie de suffisamment d’attention politique. Le président van der Wyck a appelé le gouvernement à stimuler la navigation intérieure de sorte qu’elle soit en mesure de se situer au niveau des autres modes de transport.
Le Bureau a en outre des craintes pour le maintien de l’Acte de Mannheim, qui garantit depuis des siècles la libre circulation sur le Rhin.
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| NOVEMBER 6, 2000 |
Maritime Contract News
- Carnival Corp. Finalizes Contract For Cunard Line's Queen Mary 2
Breaking News
- Gas Tanker Repair Could Take Two Days
- Bulker Repaired
- BrightStar Gets $850M Navy Contract
- Litton To Sell Electronics Unit
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| NOVEMBER 7, 2000 |
- HMM to sell Hyundai Heavy Industries stake
Hyundai's liner operation may be forced to dispose of shareholdings in group subsidiaries to help ease the company's financial crisis.
- Profits rocket at Hanjin Shipping
Third quarter profits at the world's third largest liner operator have increased by almost half compared to the previous three months.
- Progress files for bankruptcy
Company chairman, Gunnar Lorents Sorensen, warns the move will result in a further loss of assets for the ill-fated Danish company.
- Strintzis Lines orders ferries
Greek ferry operator Stintzis Lines has kicked off its much-talked of new investment programme.
- Cunard unveils $780m Queen Mary 2
The world's largest passenger ship will be "an epic", according to Cunard chief executive Larry Pimentel.
- Tanker market boosts Navion
Record result allows Statoil controlled shipping company to pay off long term debt.
- Man dies in fire on Leif Hoegh LNG carrier
Leif Hoegh says a fatal fire onboard one of its vessels is unlikely to endanger its charterparty.
- Keppel Fels eyes Verolme Botlek stake
The Singapore rig builder and repairer is eyeing a stake in its Rotterdam rival.
- Western Bulk losses shrink
Bulker owner and operator Western Bulk Shipping is heading towards profitability as rates improve.
- Awilco profits double
Anders Wilhelmsen-controlled Awilco has boosted earnings, although its product tankers are still showing negative figures.
- Blystad ups stake in Team Shipping
Blystad set for 10% stake in Bergen based tanker company, but it looks like a financial investment rather than the start of a takeover bid.
- Tsakos tanker in Brazil oil spill
A tanker from the Greek operator on charter to Petrobras has been involved in an oil spill in Brazil.
- Torm ship attacked by gun-toting pirates
The Torm-chartered Torm Alexandra was plundered by machine gun-wielding raiders off the west coast of Africa, but the crew survived unharmed.
- Nigeria LNG confirms Hyundai order
Gas exporter Nigeria LNG has firmed up an optional newbuilding as yards limber up to snatch a share of a possible $1bn worth of additional vessels.
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