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| JULY 3, 2001 |
Shipping News
- Container shipping seen heading for another fall
THE world container shipping industry, riding high on a boom last year, is about to be plunged into the depths, a leading expert believes, for the same bad reasons it has before.
- Manila turns over 7 suspected pirates to Jakarta
- Tackling piracy in South-east Asia
- Engine blaze aboard Baltic ferry put out; no one injured
- UK pensioner to make QE2 her permanent home
- Daimler to boost ship engine sales in Japan
Air and Land Transport
- Schiphol confirms interest in Malaysia Airports
THE Netherlands' Schiphol group has confirmed its interest in acquiring a stake in Malaysia Airports Holdings, a report said yesterday.
- Air India to be sold even if there's just one bid
- United dropping plans to acquire US Air
- China aviation body to order 400 planes in next five years
- Alitalia to secure allies by July 15
Features
- Int'l cooperation required to ensure safety in straits
IN dedicating a chapter of his book to piracy in South-east Asia between 1985 and 2000, Vivian Forbes says International Maritime Bureau statistics suggest a greater collective effort is required.
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| JULY 2, 2001 |
- 6 million TEUs in sight: Report
The world's container fleet capacity has reached 5 million TEUs and could add another 1 million TEUs in 2002.
- United scraps US Airways buy
The carrier will drop its planned purchase due to regulatory problems and the worsening economy.
- Evergreen opens Med tranship hub
The deepwater port of Taranto in southern Italy becomes the Taiwan carrier's third global tranship center.
- Deposed exec will stay active in NY port plans
Former Howland Hook chief Carmine Ragucci will remain as a director and consultant.
- Conterm adds confirmation service
- Sydney Ports maps box plan
- Dockworkers renew protests at Bangladesh
- Danzas acquires Danish agent, opens Hamburg terminal
- FedEx Custom Critical offers Saturday service
- Lufthansa offers special animal services
- Port unions, Teamsters in labor push
- Execs out at New York terminal
- MPF stays in patients' bill
- Intermodal interests form lobby
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| JULY 3, 2001 |
- World Bank approves US$100 million loan
- MOL, Navix shake-up
- UAE gets tough on polluters
- Ajman port to be privately managed
- NYK takes on facilities at Seattle, Tacoma, Portland
- UAE gets tough on polluters
- Maritime awards held in Hong Kong
- Singapore Airlines cargo branches out
- Air New Zealand-Ansett strengthened
- FedEx reports drop in earnings
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| JULY 2, 2001 |
- No take-over US Airways by United
- Belgian government left with Sabena
- OOCL-chief: 'Shakeout looms'
- Danzas integrates Danish agent; Opens in Hamburg
- Go-slow actions Cathay expected
- KLM European launch customer for Boeing 737-900
- Teamsters ILA, ILWU alliance
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| JULY 3, 2001 |
- Greenwich Meridian opens Canada office
- W. Bengal may export fish worth Rs 600 cr this fiscal
- FCI scouting global market for aluminium phosphide supplier
- Export basket for US expanded with new products
- Trade seeks specific duties on edible oil imports
- Vitamin C circumvents dumping duty barrier
- Exporters hold enlightening & informative interactive meeting with DGFT
- Edible oil imports up 26 per cent
- ChPT signs pact with unions on working arrangements at Container Terminal - Decks cleared for CT privatisation
- Reduced THC at MbPT evoke mixed reactions
- THC at Mumbai Port reduced - TAMP notifies new THC
- Service tax on ports deferred beyond July 1; existing THC prevails
- ER’s April-May earnings up
- Exim Club appoints Rohit Brahmbhatt as ICD-Dashrath, Concor committee chief
- Coffee Board’s stand on re-exports upheld
- Inflation rate dips
- Competitiveness vital for growth, feels corporate India
- CCD meeting on Wed to expedite sell-off
- Steps to revive economy by October: Sinha
- FCI set to offload wheat at subsidised rates
- AEZs: IDFC holds talks with states
- Forex Reserves up by $ 153 million to $ 43,160 million
- India’s first world-class Business School started
- New Deputy Governors for RBI
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| JULY 2, 2001 |
- Only moderate buying interest as prices fall in Korea
- Mixed demand in Italy
- Arab Gulf bunker prices follow Singapore down
- Distillates up in Canaries, Gibraltar softer
- Steady beginning of week in Piraeus and Istanbul
- Inexplicable market crash confirmed for Singapore
- Big drop in Singapore/Fuajairah fuel oil cargo prices
- Crude firmer as traders await outcome of UN/Iraq dispute and OPEC meeting
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| JULY 2, 2001 |
- $81.3 million Navy contract for Ingalls
The U.S. Navy has awarded an additional $81.3 million to Ingalls Shipbuilding, a Northrop Grumman company, for the continuation of work towards the construction of an eighth WASP (LHD 1) Class large-deck multipurpose amphibious assault ship.
- Ship managers to class societies: Stop bickering
Alan Ward, executive vice-president of the International Ship Managers Association (ISMA),says members of the International Association of Classification Societies should be paying pay more attention to boosting quality standards and dealing with sub-standard shipping, rather than bickering amongst themselves.
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| JULY 2, 2001 |
- Port of Seattle adds another cruise line to the Bell Street terminal lineup
- Port of Astoria and partners will finance East Basin 37th Street for easing traffic
- U.S. railroads shows rail freight traffic increase for the week ended June 23
- Port of Tacoma sets maritime festival for September 15 and 16
- Port of Tacoma celebrates two-millionth container lift on Wednesday, June 27, 2001
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| JULY 3, 2001 |
- Scandlines Sassnitz in fire alert
GERMAN-Danish ferry operator Scandlines suffered its second potentially serious incident in two weeks when an engine-room fire struck the Scandlines ferry Sassnitz as she crossed the Baltic Sea. ...
- Brussels to approve Hutchison ECT deal
THE European Commission will give clearance at its meeting today for Hutchison Whampoa Ltd to acquire a joint controlling stake in Europe Combined Terminals BV along with the Rotterdam port authori...
- OSG share sale falls victim to market
A $150m sale of shares in Overseas Shipholding Group has become the second major tanker equity deal to be sunk by weak freight and stock markets in the space of two working days. News of th...
- Wärtsilä Corp confirms Ciserv deal with Aalborg
Wärtsilä Corp has formally taken over Swedish marine service and repair company Ciserv, following up on a letter of intent signed in May with Aalborg Industries. In securing the d...
- Golar/Exmar merger talks reach deadlock over price
Merger talks between John Fredriksen’s Golar LNG and Exmar, two of the world’s leading independent operators of liquefied natural gas carriers, have reached an impasse over price. ...
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| JULY 2, 2001 |
- Two indicted in Costa Rica fraud
- US unions form alliance
- Wärtsilä seals Ciserv acquisition
- New ferry project for Philippines
- Bush Title XI cut reversed
- Dutch pilotage row solved
- Korea braces for EU moves
- Train derailment hits coal terminals
- Crewing co-operation mooted
- Hanjin eyes Daedong
- AP Møller picks up Pipavav stake
- Indonesia issues operating licences
- Nomadic adds to Green Reefers pool
- Mexico opens LPG market
- German ferry catches fire
- ISMA head slams bickering IACS
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| JULY 3, 2001 |
- Tower Automotive va sous-assembler des parties de carrosserie pour Volvo Car à Gand
La société américaine de production de composants et sous-ensembles automobiles Tower Automotive va créer une usine dans le port de Gand pour la production d’éléments de carrosserie pour Volvo Cars Gent. Une déclaration d’intention a été signée, qui devrait être confirmée dans un mois. C’est ce qui a été annoncé par l’échevin du Port de Gand, Daniël Termont, en marge de la remise d’une distinction à un haut responsable de Volvo Car Corporation (voir l’encadré).
- Le fluvial s’insère dans un trafic d’éléments Airbus
En France, le recours au mode fluvial pour les trafics du secteur de l’aéronautique et de l’espace devient de plus en plus fréquent. Après les fusées de la gamme Ariane sur la Seine, solution qui a fait ses preuves depuis longtemps, ce sont des éléments d’Airbus qui vont être transportés sur la Loire. Cela, en attendant une option similaire sur la Gironde pour Airbus et peut-être aussi Latécoère-Embraer.
- Lufthansa Cargo introduit le service Live/td
Avec le lancement de l’ensemble Live/td en date du premier juillet, Lufthansa Cargo a finalisé son programme de produits ‘time definite’. Dans ce contexte td, le nouveau service offre une solution au transport d’animaux. Une première pour l’industrie du fret aérien, car aucune autre compagnie ne transporte des animaux vivants sur base ‘time definite’.
- CSG/CMA CGM renoncent pour l’instant au PC de 9.200 TEU et optent pour 7.800 TEU
L’industrie du liner a été marquée ces dernières années par d’importantes innovations techniques. On file aujourd’hui à 30/40 noeuds sur les mers, ceci essentiellement dans le cas d’unités short sea. Les porte-containers sont devenus plus grands, on en est à 8.000 TEU et plus rapides soit 25 à 26 noeuds. Dans le premier cas, cela permet d’accélérer les rotations des unités et de transporter plus avec moins de tonnage. Dans le second cas, les économies d’échelle sont considérables et cela permet de faire face à une croissance continue des volumes à transporter.
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| JULY 2, 2001 |
Maritime Contract News
- Northrop Grumman Wins $81.3M Navy Contract
- IMO: Streamlined Shipping Inspections Are Under Study
Breaking News
- Exmar, Golar Cease Merger Discussions
- Rapid Panamax Expansion Affects Freight Rates
- Northrop Grumman Wins $81.3M Navy Contract
- IMO: Streamlined Shipping Inspections Are Under Study
- Divers Find Way Before Visit To Sunken Ship
- Ferry Engine Room Fire Extinguished
- Bulk Carrier Detained In Australia
- PSA Marine Completes $112M Acquisition
- Alaska Governor Signs Cruise Bill
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| JULY 2, 2001 |
- Nepline targets Andromeda tanker
The Malaysian owner is lining up the first of three possible acquisitions as the secondhand aframax market hots up.
- Falling market sinks OSG share sale
Offer of 5m shares in US tanker company pulled after price dives.
- Mosvold chief quits
Morton Borge heads for the bank $1.2m the richer after Frontline takeover.
- Greek state fined over S&P case
Human rights court rules that owner not responsible for ship's pre-auction debts.
- Great Eastern confirms interest in rigs
The Indian owner is mulling a move for Essar Oil's drilling business.
- Tanker scrapping plummets in first half
The number of tankers sold to breakers so far in 2001 has dipped from last year, but other sectors are compensating.
- Evergreen in Caribbean revamp
Taiwanese boxship player rejigs and improves transit times on Caribbean services.
- Samsung books Chevron aframax option
US oil major is set to ink contract for third 110,000-dwt crude carrier.
- Pressure mounts on Hyundai to help sister firm
Creditors have agreed to bail out Hyundai Petrochemical, but only if Hyundai Heavy hands over its shares.
- Essar offloading supply ships
The Indian owner wants to focus on tankers and bulkers, with offshore vessels surplus to requirements.
- Wartsila buys marine repair company
Ciserv taken over by leading enginebuilder.
- Chevron Shipping's Moore calls it a day
Thomas R. Moore, president of Chevron Shipping, is to retire after 33 years with the US oil major.
- PSA Marine completes SembLog marine buy
Takeover set to widen port operator subsidiaries' range of marine services.
- ABS in Pacific shake-up
US class society reorganises Asia set up with increased focus on China.
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