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| MARCH 10, 2000 |
Shipping News
- Philippines to build new ports, upgrade existing ones
It will spend 24.5b pesos to develop seven major gateway ports
- Dubai warns of shake-up in shipping industry
- P&O's ferry unit puts up strong showing despite loss of duty-free
- Hamburg port's container volumes up
- Asian coast guards to set up points of contact
Air and Land Transport
- Auckland airport posts 22% rise in first-half profit
Profit soared to NZ$24.8m for six months to Dec 31, exceeding analysts' forecasts
- Airbus to assess demand for superjumbo in April
- SAirGroup's diversification pays off
- Amtrak mishandled US$9m in capital funds: govt report
- Five dead in Moscow plane crash
Features
- Lengthy strike starts to bite
At one month and counting, Boeing engineers and technical workers show surprising resolve
Columns
- Allen screws becoming common cause of engine room fires
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- AWRA rates restoration
- Record haul for Heung-A
- Fesco and ANDZL hoping for agreement
- Chinese shipping giants may co-operate
- UA proposes 'air bridge' to Chinese cities
- Alitalia and KLM raise rates
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| MARCH 9, 2000 |
- Joint-venture TNT Post, British Post and Singapore Post
- Big customers for TNT
- Volvo resigns itself to Scania takeover veto
- Swisscargo to join forces with Circle
- Asian recovery lifts Cathay Pacific
- Outsourcing of KLM Cargo logistic system
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| MARCH 9, 2000 |
- New weekly global averages
- Mediterranean bunkers: Tight spots, cheap spots and general snapshots
- NWE sees improving avails after slow bunker demand
- Pan-African market report
- Asian market review: Bargains in odd places
- Middle East markets: Avails mostly OK after sluggish demand
- Singapore eases after IFOs top $200
- Chinese oil product output continues to rise
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| MARCH 9, 2000 |
- Crystal to order third cruise ship
Crystal Cruises has made a commitment to build a third ship. The line's parent company, NYK, (Nippon Yusen Kaisha)is now negotiating with shipyards.
- Frontline acquires big pile of Golden Ocean senior notes
Bermuda-based Frontline has, as of March 8, 2000 acquired $46.75 million of Golden Ocean Limited's $296 million Senior Notes
- Harland & Wolff prepares for layoffs
Even as it battled with Chantiers de l'Atlantique to win Cunard's Project Queen Mary order, Northern Ireland's Harland and Wolff Shipbuilding and Heavy Industries Ltd yesterday issued a 90 day protective notice of intention to effect a redundancy program covering all 1,353 employees.
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| MARCH 10, 2000 |
- Porti
Attesa a giorni la sentenza del Tar sulla concorrenza a Genova
Monti: sui monopoli l'Italia è sotto stretta sorveglianza
- Il sindacato: vogliamo le regole del Nord Europa
- Taxi del mare in servizio tra Napoli, Ischia e Capri
- Dopo Ect, Trieste in cerca di partner per il terminal
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- Aid package for troubled H&W
THE British government last night threw troubled Belfast shipbuilder Harland & Wolff a potential lifeline in the shape of a "funding package" in a bid to help it secure Cunard's Queen Mary Project.
- Frontline in Golden Ocean junk bond buy
JOHN Fredriksen's Frontline has made an intriguing purchase of Golden Ocean junk bonds, a move which could trigger another round of consolidation in the tanker industry.
- Transamerica boosts Aegon
DUTCH insurer Aegon enjoyed a 26% jump in net profits for 1999 fuelled by strong performance in life assurance - the result of last year's acquisition of US company Transamerica.
- Cassens to build small cruiseship
GERMAN shipyard Schiffswerft und Maschinenfabrik Cassens in Emden is close to winning an order for a 1,600 gt mini luxury cruiseship.
- Harland and Wolff clings to Carnival order hope
POLITICIANS rallied around Harland and Wolff yesterday in a bid to save the yard's 1,700 jobs.
- Oil spill cancer risk dismissed as negligible
A FRENCH environmental institute confirmed yesterday that the heavy fuel oil released by the Erika contained carcinogenic substances but said that the risk they posed to health was negligible.
- Samho tankers deal for Thenamaris and Tosco
THENAMARIS looks set to order two suezmax crude carriers at Samho in South Korea, potentially on the back of long-term charters to the Tosco Corporation, one of the largest independent oil refiners in the United States.
- Death knell sounds for Kvaerner on Teesside
KVAERNER'S offshore fabrication yard on Teesside will next week suffer its final death blow.
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| MARCH 9, 2000 |
- Skuld boss resigns
- Frontline buys Golden Ocean notes
- Star Cruises to raise $589M
- NCL president hints at fleet renewal
- Flag officials investigate tanker fatalities
- Brazilian owner takes first US-built vessel
- Finnish government to earmark $16M shipping aid
- Officers warn of Stena Line ferry strike
- Petronet LNG transport tender attracts major lines
- H&W future could depend on Cunard
- Cargo for Nepal piles up in Kolkata
- Owner fined for passengers' false documents
- Hutchison portal targets logistics
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| MARCH 10, 2000 |
Home
- Foreign groups seek to derail Cogsa bill
- Customs, industry agree to reforms
- Intermarine hikes Asia bunker surcharges
- Canada Maritime appoints Eldridge head of European business
- Skuld CEO Havar Poulsson resigns
- UPS Logistics Group rolls out Automotive Services unit
- LSXS changes name to CargoNow.com
- Kitty Hawk sees lower freight demand, maintenance delays affecting financial results
Transportation
- Truckers to rally in Washington
- Divergent views offered on rail industry's future
- German rail line's cargo unit on track for restructuring
- USF Processors contracts to handle grocery returns
- Delta adds another flight to London
- Cathay returns to profitability with plans to stress e-business
- Cross-border business mail alliance formed
Maritime
- Electronic posting of rates has problems, FMC says
- Norasia yanks ships for repairs, transfers cargo
- ILWU donates funds for ILA defense
- Americas division is restructured
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| MARCH 9, 2000 |
- Circle International Group devient partenaire de Mory
Le groupe français Mory (Paris/Pantin) avait déjà affiché sa volonté de reconquérir des activités overseas par une alliance avec un groupe américain (voir LL du 29 /2). C'est fait, grâce à un accord avec Circle International Group (San Francisco) et avec la création d'une société commune baptisée Mory Circle.
- T.i. Shipping & Forwarding se diversifie dans l'aérien
Fondé en 1978, le groupe anversois T.i. s'est rapidement développé en mettant en œuvre une politique de diversification qui lui a permis d'évoluer rapidement vers une dimension qui le situe aujourd'hui dans le groupe des dix transitaires belges les plus importants. Ledit groupe, qui a obtenu le certificat de qualité ISO 9002 en 1993, compte actuellement sept filiales. La dernière, de création toute récente, T.i. Airfreight Division (Zaventem), marque une nouvelle étape dans la diversification, cette fois vers le fret aérien. En 1998, le chiffre d'affaires consolidé du groupe a atteint 2,7 milliards de BEF.
- Damco Maritime effectue son retour au fret aérien sous le label Damco Sea & Air
Damco Maritime, la branche expédition de P&O Nedlloyd, a lancé le label commercial Damco Sea & Air et effectue ainsi définitivement son retour dans le secteur du fret aérien. La filiale belge Damco Maritime (Belgium) a développé dans ce contexte une collaboration avec la firme Deny Cargo à Zaventem. Le lancement des nouvelles activités a été marqué par un envoi exceptionnel de rats pisteurs de mines de Bruxelles vers Dar-Es-Salaam.
- "La Commission doit situer les conséquences de la fusion dans un contexte européen"
Au cours d'une conférence de presse organisée à la hâte, le président de Volvo Leif Johansson a déclaré que les autorités européennes compétentes en matière de concurrence se concentrent trop sur les marchés nationaux dans le dossier Volvo/Scania, alors que l'industrie du poid lourd à un caractère international prononcé, avec une clientèle active par delà les frontières. "Si les conditions d'approbation d'une fusion avec Scania ne sont pas adaptées, il sera inutile d'introduire une nouvelle demande et de courir le risque d'attendre cinq nouveaux mois sans certitude d'obtenir une réponse positive", a déclaré Johansson.
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| MARCH 9, 2000 |
Maritime Contract News
- BP Amoco Grants Project To Coflexip Stena Offshore
Breaking News
- Daewoo To Invest In Joint Manufacturing Operation
- Malta Drydocks Granted Crown Odyssey Refit
- Maersk Chair Irked By Feud
- Fresh Erika Slicks Discovered Off French Coast
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| MARCH 10, 2000 |
- Bunker bruising
SHIPOWNERS ARE FEELING the pinch as fuel prices go through the roof with no respite in sight.
- Capes attraction
- Fredriksen buys bonds
- Dutch bank in London
- Action over P&I scam
- Shipyard's star rising
- Hvide sues yahoo.com
- Casualties
- Detentions
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