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| JUNE 4, 2001 |
Shipping News
- Aussie shipbuilder Incat to fire 20% of workforce
AUSTRALIAN catamaran building company Incat said last Friday it would fire one fifth of its staff because of a downturn in world demand.
- Cho Yang files for receivership: creditor
- New team takes over at APL Logistics
- Up to 100 missing in ferry mishap
Air and Land Transport
- Plane forced to abort takeoff at HK to dodge 747
A China Eastern Airlines passenger plane was forced to abort takeoff at Hong Kong airport after a Taiwanese carrier inched dangerously close to the runway, an official said Thursday.
- Plane incidents and cellphones
- Qantas trains staff to replace Philippine strikers
- MAS to look into criticisms by freight-forwarders
- GE, Pratt & Whitney after more buyers
- 4 Taiwan firms to take 49% of China airport venture
- Narita suffers its worst cargo decline in April
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| JUNE 1, 2001 |
- Airborne lays off 640 employees
The layoffs - the first systemwide work force reduction in the company's 55-year history - span all subsidiaries and nearly every organizational level, from officers and management to staff and line personnel.
- Integres plan angers forwarders
The Airforwarders Association, reacting to the new joint venture's plan to target small and medium-sized shippers, has called a meeting for Monday afternoon in Indianapolis.
- McCormick resigns as head of ATA
Walter B. McCormick Jr. said he is resigning as president and chief executive of the American Trucking Associations to become president of the United States Telecom Association.
- Customs nominee leaves an impression
Former Customs Commissioner George J. Weise recalls Robert C. Bonner as a "tough negotiator" in his days as head of the Drug Enforcement Administration.
- Hutchison project to double capacity at Korean port
- Malaysian ports upgrade equipment
- Moller subsidiary acquires Dutch towage company
- APL Logistics fills key management posts
- Bologna to become key European intermodal hub
- AAPA chief opposes hub-spoke solution for ports
- Atlas signs with Antonov operator
- Cho Yang files for reorganization
- Asian shippers push for talks with carriers
- Earl Odom, Airbus VP, dies
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| JUNE 4, 2001 |
- Exel lands Levi Strauss contract
- MRA lowers Cypriot import THC
- Ahlers Shenship to provide CTN for Burkina Faso
- SCT walks off with freight industry awards
- Trans-Tasman turbulence over Qantas bid
- NWA on track for Edmonton
- Emirates starts service to Hyderabad
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| JUNE 1, 2001 |
- Cho yang files for court receivership
- A/P Moller bought Wijsmuller
- UPS tags in Office XP from Microsoft
- Qantas kind to New Zealand
- Atlas Air with Volga-Dnepr Airlines
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| JUNE 4, 2001 |
- Gaz de France to acquire 10 pc stake in Petronet LNG
- Rubber growers body opposes import move
- Pepper exports up, spices down
- UK invites investments in leading edge technologies
- Textiles exports to Gulf face threat
- Dumping probe into BOPP film launched
- Canada action plan to promote trade ties soon
- Grains export: New strategy need felt
- Definitive duty on aniline imports from EU mooted
- FMD apprehension brightens India’s milk powder export prospects
- 1.2 pc growth in cargo traffic at Major Ports
- CWC opens new Buffer Container Yard at D’Node
- Atlas De Cargo wins ‘Excellence Award’ from Nepal Chamber
- IATA adopts safety resolutions
- ...posts $ 2.8 billion profit
- BA posts $ 212 m full year profit
- Lufthansa Cargo satisfied with Q1 results
- Schenker Partners With Air France Express
- Vietnam Air to invest $ 1 bn
- Cathay, 3 China airlines come closer
- Export growth decelerates to 5.5 pc in April
- New investment limit in knitwear industry likely
- Noted economist puts India’s GDP growth at 5.8 pc
- Surat SEZ offers to set up AEZ at Sachin
- Govt may hike maize export prices
- Commerce Ministry proposes to promote agri-export zones
- AP to have country’s biggest petrochem units
- Govt clears Bangalore flower auction centre
- Flour millers offer expertise
- Fiscal deficit mounts
- Finance Ministry rationalises Duty Drawback Rates
- Quicker US visa for special fee
- Gujarat to get science city
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| JUNE 1, 2001 |
- Little chance of more OPEC oil next week
- New weekly global averages
- Brazil bunker price update
- 1 month reprieve in UN-Iraqi sanctions dispute
- Singapore prices hold steady after Thursday's fall
- New details for FNSA Fuels Ltd.
- Seattle congested, Portland avails to improve next week
- Vancouver market firm on strong demand
- Los Angeles and San Francisco markets this week
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| JUNE 1, 2001 |
- Navy delays DD21 decision
The Navy said yesterday that it is delaying source selection for the DD 21 program "to take advantage of the results of the ongoing reviews being conducted within the Department of Defense."
- Bergesen expands LNG activities, sells four VLCC's
Norway's Bergesen d.y. has decided to exercise an option to build a third LNG-carrier of 138.000 cu.m at Daewoo. Separately, it is selling two VLCCs and two VLCC newbuilding contracts
- Kongsberg to supply Santa Fe with rig systems
Kongsberg Simrad Inc.has received a letter of intent from Santa Fe International for supply of complete integrated control and monitoring systems for two deepwater semis
- Warnow gets orders
Kvaerner Warnow, Rostock, Germany, has secured two newbuilding contracts worth a total of $68 million
- More international safety regulation in the pipeline
The 74th meeting of IMO's Maritime Safety Committee is taking place in London.
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| JUNE 4, 2001 |
- R40-m depot opens with fanfare
- Ecu-Line to list
- Grincor buys 75% of Rohlig PCA
- Kuehne & Nagel acquires US logistics major
- Exel Africa opens own offices in key regions
- PPI eases in April
- Africa trade in focus
- Kien Hung's West Africa service begins
- Local shippers reject Nigerian port surcharge
- Santam confirms takeover
- Unishipping to call at Walvis
- What's happened to business ethics?
- Privatisation delay scuppers AP Moller's investment plans
- SATI sets its sights on terminal ownership
- DoT comes down heavily on hazardous road users
- Carelessness costs dearly
- Ignorance leads to incorrect declarations
- New regulations in a nutshell
- Outsourced warehousing makes sense for hazardous cargoes
- Tanks adapted for toxic products
- Airline will act against agents who don't disclose dangerous goods
- Airlines black-ball dangerous goods in SA
- Inadequate packaging sees goods returned to origin
- Risk management is now a major consideration
- Strict compliance keeps K&N smiling
- 'Hauliers must pay for infrastructure'
- Omar spells out new road safety strategy
- SAA considers forex only payment in Zimbabwe
- Specialist team targets wine export growth
- Local shippers reject Nigerian port surcharge
- New book focuses on maritime law
- Omar criticised for favouring road over rail
- Hual offers space for non-rollable cargo ...as Australia service moves up a gear
- NRZ gets last minute reprieve Martin Rushmere
- 'Whimsical' SA customs officials frustrate Swazi hauliers
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| JUNE 1, 2001 |
- U.S. Coast Guard veteran documents guard's role during Pearl Harbor attack
- Coast Guard tracks emergency beacon to department store in downtown Juneau
- Hanjin celebrates 24th anniversary at the company's head office in Seoul
- Port of Walla Wallas hires law firm to petition reconsideration with EPA
- Port of Port Angeles executive predicts outlook lumber export will be down due to Canadian influx
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| JUNE 4, 2001 |
- Bergesen could stand alone
BERGESEN has signalled that it could be preparing to bid for an independent slice of the LNG market on the strength of long-term charters, while the spot market-driven industry consolidates around...
- APL expands into east African trades
APL is expanding its global coverage by entering the east African trades for the first time. The Singapore carrier will start a fixed day weekly service in July that will connect the region...
- Iraq halts exports on eve of Opec meeting
OPEC maverick Iraq has attempted to draw blood in the oil markets for the second time in six months by indefinitely halting crude oil exports from all United Nation’s designated Iraqi outlets...
- ‘Strategic’ sale of four VLCCs
THE new-look, "opportunistic" Bergesen which arrived on the scene last year continued its enterprising run on Friday, adds Rajesh Joshi by announcing the sale of four VLCCs to the John...
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| JUNE 1, 2001 |
- Zaandam sprinklers also defective
- Everglades port workers acquitted
- Norway still under detention
- Nigerian congestion becomes crisis
- Filipinos to ease Dutch shortages
- India taken to task on toxic waste
- Drydocking hits Bass Strait service
- Malaysia objects to ‘piracy’ term
- Buenaventura 'operating normally'
- Four held liable in Dashun sinking
- Buenaventura strike called off
- Wijsmuller deal lifts Møller shares
- Santos breaks all records
- Two in race for Bilbao terminal
- Tug firms cautious on deregulation
- Long delays at Nampo
- Myanmar makes it to White List
- ICTSI sale 'will fund expansion'
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| JUNE 1, 2001 |
Maritime Contract News
- Navy Puts $30 Billion DD 21 Design Contract on Hold
Breaking News
- North Sea Tanker Market Falls to Year's Lowest Point
- 2001 Hurricane Season Begins Quietly
- Rig Utilization Up in Europe, Down Worldwide
- BHI U.S. Rig Count Up by Eight
- Mississippi River Delays Begin to Ease
- Navy Puts $30 Billion DD 21 Design Contract on Hold
- China Shipping Signs Seven Vessel Lease for $11.5 Million
- A.P. Moeller Shares Bounce Back
- Bergesen Agrees to Sell Four Tankers To Frontline Consortium
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| JUNE 1, 2001 |
- TI partners snap up Bergesen VLCCs
Frontline-led partners of pool player Tankers International are splashing out $321m on extra tonnage.
- Bergesen may sell more VLCCs
Svein Erik Amudsen says the Frontline sale is indicative of Bergesen's strategic approach to tanker owning.
- Awilco eyes fresh investments
Norway's Awilco hints at fresh spending plans as the cash rolls in.
- Greek cruise operator posts pretax loss
Stronger revenue failed to lift Kyriakoulis Mediterranean Cruises Shipping from the red.
- Owners vie for panamax tankers at JingJiang
Italy's Deiulemar is said to be jostling for berth space with Athenian Sea Carriers in China.
- Singapore Shipping Corp's revenue rises 9.4%
Stronger charter rates and higher bunker prices lifted the group's revenues in the 2000-2001 fiscal year.
- Bergesen takes Daewoo LNG option
Norwegian shipping giant exercises option for third ship and takes option for a fourth.
- North Sea Shipping signs up support vessel
Confirmation for the second new building is expected within this year.
- Jealous passenger goes berserk in romantic cruise
The passenger was kicked off the Enchantment of the Seas after spending a night in the ship's cell.
- Nurminen Maritime strengthens Baltic Sea network
The newly established company Nurminen Maritime Eesti As in Estonia begins operation Friday.
- CSDC shuffles ships
In-house deal nets China Shipping Development Co a daily rate of under $9,000 for a one-year bareboat charter.
- Petrobras unaffected by power rationing programme
Brazilian government threatens to cut power supply if electricity consumption does not slow down.
- Broström and Rigel extend tanker alliance
Extension of alliance takes Broström-managed product tanker fleet to 22 ships.
- Essar confirms tanker spin-off plan
India's largest independent shipowner expects to announce details within the next month.
- AP Moller's Svitzer buys Wijsmuller
Danish giant boosts its presence in the towage and salvage business with Dutch acquisition.
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