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| OCTOBER 2, 2001 |
Shipping News
- Ports should refuse entry to Liberian-flagged ships
LIBERIAN flagged vessels should be denied access to ports of United Nations members, according to a new report detailing the West African country's ongoing support of the civil war in Sierra Leone.
- Lines impose surcharge on Pakistan cargo
- Shipping industry, govt urged to cooperate to ride current downturn
Air and Land Transport
- Ailing Swissair cannot guarantee flights this week
TROUBLED airline Swissair said yesterday it cannot guarantee flights for the rest of the week.
- Sabena pilots strike for fourth day running
- Sale of stake in M'sian Airports hits snag
- European airlines' traffic down in Aug
- Bush seeks to reopen Reagan airport under stricter security
- US air marshal force gets fresh lease of life
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| OCTOBER 1, 2001 |
- Swissair might go bankrupt
- 'Security surcharge' KLM Cargo
- K-Line with Japanese logistics group
- MOL net system for port charges settlement
- Contship expands Arabian network
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| OCTOBER 1, 2001 |
- Crude plummets again as economic woes hurt demand
- ARA spot prices fail to follow sharp drop in crude prices
- Fuel oil softer in Italy, gas oil gains
- Piraeus gas oil seen lower, Istanbul avails reported good
- Fujairah not very busy, Oman attracts some business
- EMMF puts safety first
- Brazilian bunker prices softer
- Singapore seen softer after starting firm
- Slowing economy affecting commodities markets, OPEC price control
- Market starts week with rollercoaster ride in Rotterdam
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| OCTOBER 1, 2001 |
- USCG alerts Port Security Units
The Coast Guard has put all six of its Port Security Units on alert
- Kvaerner shares bounce back a little
The Oslo Stock Exchange briefly suspended trading in Kvaerner shares today as it investigated movements in the price. At the end of trading in Oslo, Kvaerner's share price was NOK 14.10--a gain of 43.5%
- EnviroEngines for Queen Mary 2
Wärtsilä 46 EnviroEngines totalling 67.2 MW power output will. supply the diesel component of the CODAG (combined diesel and gas turbine) power plant in Cunard Line's Queen Mary 2.
- EMFF makes safety awards
ExxonMobil Marine Fuels (EMMF) has presented safety awards to 35 contractors in as many different countries.
- BP orders fourth "Alaska Class" tanker from NASSCO
BP has placed an order for a fourth, state-of-the-art, double-hull oil tanker
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| OCTOBER 1, 2001 |
- Holland America cruise ship makes two day stop in Portland
- UPS third quarter bottom line hit by declines relating to September 11
- Corps looks at Port of Portland plan to refurbish Terminal 4 auto facility
- Rail freight traffic continues to run at lower rate than last year
- Team of companies offers proposal to modernize Coast Guard deepwater forces
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| OCTOBER 2, 2001 |
- Alstom reveals $1.16bn cruiseship guarantees
FRENCH industrial conglomerate Alstom said yesterday that it had supplied guarantees worth up to E 1.273bn ($1.165bn) to finance cruiseships it has delivered in recent years. This includes...
- Festival newbuildings may have link
ALSTOM may have played an important role in supporting the Festival Cruises’ newbuilding plan by supplying financial guarantees in the same manner it did with Renaissance’s, writes Giov...
- Ocean Glory sale raises $1.7m but fails to satisfy creditors’ claims
THE recent sale of the 51-year-old cruiseship Ocean Glory Iraised $1.7m, a sum which falls far short of the total chased by 12 creditors with outstanding claims against her former Greek operator, C...
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| OCTOBER 1, 2001 |
- Israel underwrites war risk cover
- Spanish owners welcome tax ideas
- Tonnage tax proposed for the US
- Latin Am inspections fall short
- China ups war risk insurance
- Changsha builds new river port
- Kværner executives relocated
- Confitarma warns the government
- China to claim after pollution
- Alstom seeks to reassure investors
- EDI for Indian ports by year’s end
- Salalah brushes off war fears
- ITF claims campaign success
- Chinese imports on the web
- Singapore mulls cruise terminal
- Nauru halts refugee landings
- Ocean Glory 1 sold for scrap
- FAME slams requirement overlaps
- Conferences raise liner surcharges
- Abandoned vessel scuttled
- Pollution laws 'need updating'
- Creditors grab Renaissance ships
- Boom predicted for Oz coal exports
- MOL launches subsidiary in Lanka
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| OCTOBER 1, 2001 |
- Report: Liner outlook bleak
Drewry Shipping Consultants said container traffic will grow less than 6% in 2002 in the aftermath of September's attacks in New York and Washington.
- FedEx unit gets $101M in air bailout
The payment comes as part of the $5 billion Air Transportation Safety and System Stabilization Act.
- UPS cuts 3Q forecast
United Parcel Service cut its forecast amid a 10% drop in volume following the Sept. 11 attacks.
- ITF calls for Liberia registry boycott
- LeHavre begins quay extension
- Coalition asks for increased ID at ports
- Stonepath Group appoints O’Connell
- BAX Global gets Xerox contract
- ALPA chief: Air cargo needs better security
- HK moves to speed China road cargo
- Lufthansa Cargo sets security surcharge
- Santos boosts fees
- Shippers, carriers reach cargo-liability deal
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| OCTOBER 1, 2001 |
- Siem moves in on Amer Reefer fleet
Norway's Kristian Siem looks set to be the John Fredriksen of reefers as he links with Vroon to pursue Amer.
- Petrobras seeking offshore tonnage
Brazilian oil and gas giant is looking for 11 new ships but wants others to build them.
- Fjord Line debt to be refinanced
BNR looks to shareholders to cut cost of syndicated loan.
- Kvaerner shares up as managers head to Oslo
Anglo-Norwegian group's decision to move executives from London prompts stock price rise.
- Asbestos hazard wreck catches fire
Blaze on bulk carrier John-R as hulk is scrapped in Stavanger.
- Odfjell looks for further deals
Seachem merger may be catalyst for further consolidation.
- ICS gets new chief
Seagoing, boxship boy becomes shipbroking institute head.
- Lasco privatisation saga rolls on
Some 200m Latvian Shipping Co shares remain with the state, out of 350m earmarked for privatisation.
- Japanese traders form new LNG venture
There will be another face on the LNG map in the Far East, as trading and financial muscle team up.
- Ocean Glory 1 on its way
The controversial cruise ship is finally leaving Dover - for the scrapyard.
- Kirby raises its sights
US owner predicts higher earnings after capitalising on midwest products transport disruption.
- Cochin targets export orders
India's largest shipyard wants to expand and diversify as the profits start to roll in.
- Forced landing of Tampa refugees fails
Soldiers stop attempt to move asylum seekers from troopship to Nauru.
- Tokai creditors agree debt restructuring
Creditors of bankrupt Japanese woodchip carrier operator agree 10-year debt rescheduling plan.
- Alstom reveals Renaissance liability
French shipbuilder presents worst-case scenario after the collapse of its cruise line customer.
- VLCCs trickle out to breakers
Pakistani and Indian buyers line up for the latest two large tanker scrap candidates.
- Shipbuilding helps cut losses at Kawasaki
An improvement in its shipbuilding operation helps Japanese industrial group cut interim losses to JPY 1.5bn.
- Holland America Line changes 2002 itineraries
The Carnival subsidiary has joined the list of cruise lines rearranging their programs for next year.
- Genmar sinks to new low
Peter Georgiopoulos' New York-listed tanker operation slides to new depths despite market improvement.
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