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| AUGUST 18, 2000 |
Shipping News
- Fall in Asian maritime stocks may be short-lived
[SINGAPORE] The drop in Asian maritime shipping stocks may be temporary when investors realise freight rate gains are likely to outweigh bigger fuel bills, said John Casey, an analyst at SG Securities (Singapore) Pte.
- Standards of main class societies vary widely
Air and Land Transport
- Qantas soars to record full-year profit
[SYDNEY] Qantas Airways Ltd's full-year earnings soared to a record high yesterday, buoyed by solid growth on key routes and savvy fuel hedging, but Australia's flag carrier warned of fierce competition and higher costs.
- Cathay to start 3 cargo services
- US airlines may raise fares despite passenger resentment
- Airline fuel tanks are safe: study
Features
- Crash hurts beautiful people
[NEW YORK] WHEN Seagram's Edgar Bronfman Jr and Vivendi's Jean-Marie Messier needed to promote the merger of their Canadian and French media and entertainment giants, they jumped on the Concorde and jetted to Paris, New York and London for a round of investor meetings and press briefings, all within 24 hours.
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| AUGUST 18, 2000 |
- Hotter than July: Record TEUs for LA, Long Beach
The month's results portend a blockbuster year for Asian imports.
- UPS names Eskew No. 2
The executive VP is tapped as vice chairman.
- Port of Los Angeles OKs 25-year Maersk lease
The deal includes some unique incentives for the carrier.
- P&O Nedlloyd profits up
The carrier cited increased volumes, firmer rates, and cost cuts for the turnaround.
- CP Ships buys 7 vessels
Price: $150 million, with more acquisitions expected.
- Who will run America's railroads tomorrow?
Many railroads will soon pass the reigns of leadership to a younger generation.
- GoCargo to use Vastera's landed cost and documentary modules
- British carriers pressure gov't. over foreign trucks
- Airborne Express debuts Web shipment services
- United Airlines extends pet embargo
- Synquest goes public
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| AUGUST 18, 2000 |
- Future's a gas for Mitsui OSK Lines
- Report out on New York freight tunnel
- Port of Brisbane certified green
- Intra-Asia service launched by Maersk Sealand
- Safmarine appoints Malaysian representative
- JNP harbour scoop
- Ambitious Emirates expands fleet
- BAX Global, ProLogis ink lease
- Macau permit secured by Gameco
- P&W to build A3XX engines
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| AUGUST 17, 2000 |
- Improved result P&O Nedlloyd
- Transporters 'fiercely' opposed to gasoline cartel
- FedEx to cut in technology staff
- Partnership Emery and US Post
- Results Nedlloyd improved
- Hauliers want diesel compensation
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| AUGUST 18, 2000 |
- SCI places Suezmax tanker on spot charter to us
- TMM Lines augments reefer fleet
- Bokaro Steel plant sets new monthly export record in July
- Bangladesh to buy 25,000 t white sugar
- Ministry issues trade notice for sugar exports
- MoF slaps dumping duty on Chinese soda ash
- Exemption for EOUs
- Exim Bank in joint venture to offer factoring service
- Nigeria outlines areas, soaps for Indian investors
- 1 lakh t more onion exports allowed
- Commerce Ministry finalises model by-laws for EPCs
- Rlys keen on laying to Pipavav Port
- UAE firm, UP sign MoU
- Compact spinning machine put under TUF ambit
- Move to ease forex realisation stipulation for SEZs
- CII, DSIR to set up technology exports cell
- Govt clears blueprint for disinvestment
- Maharashtra transport bandh on Aug. 22
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| AUGUST 17, 2000 |
- African east coast market snapshot
- African west coast market review
- Durban: Fuel oil and gas stocks limited
- St Petersburg market snapshot
- Avails good in Great Belt and Tallinn
- Good demand in Falmouth
- Rotterdam currently softening
- Gibraltar market snapshot
- Italy and Malta market review
- Piraeus market review
- Istanbul market snapshot
- Market firming up in Singapore
- Korea: Fuel oil on the way down
- Tight Avails in Japan
- Good bunkering prospects in Hong Kong
- Singapore commentary
- Jeddah market snapshot
- Shortage of fuel in the Suez area
- Mixed avails in Fujairah
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| AUGUST 17, 2000 |
- Antrak Benin secures fully dedicated terminal in Cotonou
- UAC and NACA announce expansion plan for airfreight services
- Buss closes multipurpose terminal
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| AUGUST 17, 2000 |
- Kelvin Hughes ECDIS chosen for Watch-1 chemical tanker
The first Kelvin Hughes type approved electronic chart and display system (ECDIS) has been installed on a new chemical carrier, as part of an integrated bridge system (IBS) that meets DNV Watch-1 standards.
- Coflexip Stena aids in sub rescue bid
At the request of the British Ministry of Defense, Coflexip Stena Offshore has released the vessel Normand Pioneer to assist with the rescue mission of the Russian submarine, Kursk,
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| AUGUST 18, 2000 |
- Boom time
P&O Nedlloyd yesterday unveiled a set of sparkling figures which underlined the dramatic turnaround in global shipping markets.
- Officers to benefit
"IT'S at times like this millionaires are made," Clarkson's Richard Fulford-Smith proclaimed earlier this week. But what's in the shipping boom for those at the industry coalface?
- Record quarter for P&O Nedlloyd
THE second quarter produced a record set of figures for P&O Nedlloyd, with both profit and cargo volumes the highest since the Anglo- Dutch carrier was formed at the beginning of 1997.
- ThyssenKrupp pulls steel division float
GERMAN industrial giant ThyssenKrupp has cancelled next month's partial float of its steel unit ThyssenKrupp Steel, writes Sabina Casagrande, Cologne.
- Hyundai wins order for four VLCCs from Vela
VELA International Marine, the shipping arm of Saudi Aramco, is reported to have ordered four VLCCs from South Korea's Hyundai Heavy Industries.
- Eurogate box volumes sky rocket in first six months
EUROGATE, Europe's largest container handling group, saw handling volumes skyrocket in the first half of this year.
- Oil is secret of Kursk's deadly Arctic affair
FOR 40 years the Kremlin, the Moscow-based general staff and the naval command have silently argued among themselves over how important the Arctic Ocean is to Russia's fighting strategy.
- ICTSI denies sell-off plans for subsidiaries
THE Philippines' largest container terminal operator, International Container Terminal Services Inc, has denied that it is selling its foreign subsidiaries.
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| AUGUST 17, 2000 |
- Spain probes tanker collision
- LR issues advice after Derbyshire
- Ashdod awards $172M contract
- Portnet talks tariff terms
- Varna deal alive again
- Chinese exports 'to slow'
- Mid-Mississippi terminal mooted
- SCI links up with Japanese
- ABS seals link with Navy
- No buyers for Thyssen yards
- Outlook positive for P&O Nedlloyd
- Panama delays expected
- Time runs out for treasure-seekers
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| AUGUST 18, 2000 |
- P&ONL devrait clôturer l'exercice dans le noir
La nouvelle équipe dirigeante de P&ONL, à savoir Haddo H. Meijer, qui succède à L.J.M. Berndsen en tant que président du comité exécutif de l'armement et Robert Woods, nouveau Group managing director, avait tout lieu de faire preuve de satisfaction lors de la conférence de presse donnée jeudi dernier au World Trade Center de Schiphol. Ils annonçaient la bonne nouvelle: P&ONL a réalisé un très bon deuxième trimestre et s'oriente vers le stade de la rentabilité, vers un résultat positif en fin d'année. Le bénéfice opérationnel est passé à 44 mio. d'USD (contre une perte de 18 mio. lors du 2e trimestre 99), tandis que le bénéfice avant taxes a atteint 28 mio. d'USD (contre une perte de 32 mio. en 99). Donc des progressions
respectives de 60 et 57 mio. d'USD, soit les meilleurs résultats depuis depuis le début des activités en 1997.
- VG&L Benelux intègre le flux d'informations et de marchandises avec 'Quick Step'
"Par l'introduction de 'Quick Step', Van Gend & Loos Benelux entend se positionner comme un prestataire de services de la plus haute qualité via un guichet unique pour des cargaisons emballées en Europe. A cet effet, nous avons élaboré un système qui nous donne la garantie maximale de pouvoir proposer un service de haute qualité, qui réduit quasiment à néant les erreurs et nous permet de répondre efficacement aux développements futurs", déclare Geert Decorte, le dirigeant du projet de Quick Step Belgique. Il s'agit en fait de doter les marchandises d'un code-barres et d'une étiquette PDF chez le fournisseur, après quoi VG&L procède à des scannings permanents tout au long des différentes étapes du flux de marchandises et ce, jusqu'à la livraison finale.
- Le yen fort marque de son empreinte les résultats des car carriers japonais
Les grands car carriers japonais NYK, MOL et K-Line prévoient une nouvelle baisse des bénéfices pour cette année en raison de l'impact du yen fort sur les exportations de voitures. Suite à la baisse des exportations japonaises, ces opérateurs sont de plus en plus actifs dans les secteurs cross-trades.
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| AUGUST 17, 2000 |
Maritime Contract News
- BP Amoco Orders Two LNG Carriers From SHI
- Horizon Offshore Granted Pipeline Construction Component
Breaking News
- P&O Nedlloyd Container Line Ltd
- U.S. Gulf rig utilization still climbing
- Russian Sub Rescue Update: Too Little, Too Late?
- Tackling The Issues: ICCL Stands Its Ground
- Guide Aimed At Improved Bunker Quality
- Global Mobilizes New Class 190 Liftboat in Gulf of Mexico
- Caterpillar Offers Global Extended Service Coverage
- ABS Signs MOU With the Military Sealift Command
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