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| SEPTEMBER 5, 2001 |
Shipping News
- China to offer global turnaround: PSA chief
CHINA's looming entry into the World Trade Organisation is the key to a global economic turnaround for the shipping and port industries, PSA Corporation chairman Yeo Ning Hong said yesterday.
- K Line to launch another China service
- Ship in rescue row arrives in Singapore today
- Santa Fe to buy Global Marine for US$3b in stock
Air and Land Transport
- Virgin Blue spurns A$250m Air NZ offer
VIRGIN Blue, Richard Branson's Australian discount carrier, rejected a A$250 million takeover offer by Air New Zealand Ltd and said it would focus on expanding independently instead.
- China plans to buy 36 Boeing jets
- China's Changan Airlines aims for listing
- Cathay says it's business as usual
- Lufthansa to start Bangalore-Frankfurt flights
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| SEPTEMBER 5, 2001 |
- MTL adding capacity on both sides of the border
- K Line adds Ningbo to Japan and Far East/Europe Service
- Zhuhai hits two million TEU
- Fusco focus on Japan
- Sabah shakedown
- Lykes Lines launches three-continent link
- FreightCorp sale under way
- Cathay launches Riyadh service
- US Postal Service in action with FedEx Express
- Willumsen to head SAS product management and marketing
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| SEPTEMBER 4, 2001 |
- ECT finally with web tracking
- P&O results according to expectations
- SAS warns Norwegian government
- Safmarine introduces US-South America services
- British Ports to sell US assets
- Singapore leaves Air India alone
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| SEPTEMBER 5, 2001 |
- UASC in 25th year has double grounds for celebration - Profits soar to $ 40.7 million
- Lykes Lines expands services with 3-continent connection
- Samsung-built vessel christened - Santa Alina on long term charter to P&O Nedlloyd
- EMTA introduces rate restoration
- Maersk Sealand begins new service covering Caribbean, Oceania and Americas
- AP Moeller expects higher profits in 2001
- Eight modern Polar vessels join LauritzenCool
- Cosco to use Celarix Inc’s rate-management software technology
- Kaohsiung upgrading logistics
- MOL leads the fleet
- Inttra signs up forwarders
- NSCSA strategy begins paying off with handsome profits in first half
- Maersk North American unit gets ISO 9001:2000 Certification
- Kalmar Industries completes deal with Maersk Sealand
- Port Klang drops discounted handling fees
- OTAL moves charity shipment to Sierra Leone
- NYK orders construction of new containers
- Kuehne & Nagel expects higher profit
- New Pusan berths to open earlier
- Study says Maersk Ports poised to become 2nd largest container terminal operator
- Seatrade Awards invitation
- PSA to tap container terminal network to expand logistics operations
- Shipping Minister V. P. Goyal is an industrialist too
- Ficci, Korean body sign pact to boost trade & investments
- ESC plan to collaborate with Japanese firms
- Coir Board to introduce new designs, organise 3-day fair in October
- Plexconcil to take steps for plastic export boost
- Jawahar Customs chief assures ex-im trade of a better deal
- NM Port logs increase in traffic throughput
- Amendment Bill moved in Lok Sabha to corporatise Major Ports
- Mumbai Port Trust charts out course for corporatisation
- PMO may set up body to oversee reforms implementation
- CII seeks freer trade in agri sector
- Surat ranks 7th in per capita income
- Import duty on hardware items may be gradually lifted
- Fears of multinational companies’ exit over transfer pricing regulations allayed
- Secondary aluminium makers reel under twin blow
- FIIs to assist in 6 pvt. AP power projects
- Soft interest rate regime to continue: Jalan
- Foreign Trade Analysis: Current Policy & Procedures
- Iraq wheat cleaning facility inspection officials cancel visit
- Signs of economic recovery in Europe
- CII plans to reposition itself, set to strengthen brand
- UPASI to hold coffee fest. in Feb. 2002
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| SEPTEMBER 4, 2001 |
- Environmentalists push for additional Exxon Valdez compensation
- KPC reduces runs at refinery
- OPEC: Higher oil price not to blame for recession
- Current bunker prices in Russian ports
- Repsol YPF to start new bunkering operation in Peru soon
- New faces and moves in St. Petersburg
- Singapore prices steady after Monday's gain
- Rotterdam market opens on firm note
- Uncertain times for South East Asia's refiners
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| SEPTEMBER 4, 2001 |
- More modern ships for Lykes
- News from Penske Logistics
- Johnstown wagons for UtiliCorp
- A spectacular airlift: Lunettes sans frontière
- DPWN with new portal
- "K" LINE Adds Ningbo to Japan & Far East/Europe Service
- Express service provider TNT has officially inaugurated a huge new logistics centre at Wiesbaden (Germany)
- Thiel has new partner
- Choppers to the Western Sahara
- Guangzhou Shipyard International
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| SEPTEMBER 4, 2001 |
- USS Cole set for relaunch
Over the Labor Day weekend USS Cole was rolled onto Ingalls' floating drydock in preparation for launch on Sept. 15, 2001.
- Wärtsilä power module for FPSO
A 5,800 kW power module being installation on board the FPSO vessel Berge Hus is powered by a Wärtsilä 18V32DF dual-fuel engine that will burn produced gas.
- Bollinger upgrades Port Fourchon yard
Bollinger Shipyards' repair and conversion yard at Port Fourchon, La., on the Gulf of Mexico, can now accommodate rigs, ships and boats with drafts to 27 feet.
- Bollinger delivers another 145.5 ft utility boat
Ms. Caroline, the first of four 145.5-foot utility vessels being built for Guilbeau Marine, Inc., Cut Off, La. by Bollinger Shipyards, Inc., Lockport, La., has been delivered
- Major penalties for polluting Mississippi
The EPA reports that three Baton Rouge tugboat service companies, McKinney Towing, Inc., McKinney Harbor Towing, Inc., and Slidell Towing, Inc., and the president of the companies, Glenn McKinney, pleaded guilty last month to violating the Clean Water Act by pumping a mixture of oil and water into the Mississippi River.
- Global Marine and Santa Fe to merge
Global Marine Inc. and Santa Fe International Corporation have entered into a definitive agreement to merge in a stock-for-stock transaction that will create the world's second largest offshore drilling contractor
- Major gains for Liberian Registry
Despite an ITF plea for shipowners to break their links with the Liberian flag, the Liberian Registry has seen rapid growth this year, with new registrations for the year to date to August passing 5.6 million gross tons.
- Northern Offshore to reactivate MODU's
Northern Offshore Ltd says the rates for mobile drilling units in Asia have now reached a level where a reactivation of the company's three drilling units currently laid-up in Singapore could be of financial interest.
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| SEPTEMBER 5, 2001 |
- Royal visitor makes rare european appearance
In a rare appearance in European waters, the 457,927 dwt tanker Stena King, one of the world’s largest tankers, is pictured yesterday at the oil terminal of Le Havre-Antifer. The 1978-built U...
- Global and Santa Fe link up to create drilling giant
GLOBAL Marine and Santa Fe International are to merge in a stock-for-stock transaction that will create the world’s second largest offshore drilling contractor, with a market value of around...
- LISCR fillip as Celebrity picks Liberia for new cruiseship
ROYAL Caribbean subsidiary Celebrity Cruises has flagged its new Chantiers d’Atlantique-built cruiseship Summit in Liberia, writes Julian Bray. Managers of flag welcomed the decision a...
- Sterling denies P&O Nedlloyd listing shelved
P&O yesterday denied that plans to gain a stock market listing for P&O Nedlloyd had been put on the "back burner" because of the deterioration in the liner shipping market. ...
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| SEPTEMBER 4, 2001 |
- Dominica port labour takeover
- ABP confident on Dibden Bay
- 'Blind eye' no option says P&I club
- Seven bid for Costa Rica ports
- Geest launches Tees-Rotterdam link
- Export surge brings Santos success
- 'Flame-thrower' caused accident
- Vietnam THC on the cards
- Indonesia calm on straits threat
- Singamas cuts container production
- Thai PM steps into dredger row
- Virgo on the move again
- LISCR forms advisory board
- Mipo gears up to build more
- PSA non-committal on PTP
- Cruise newbuilding rumours surface
- Gard prepares Tampa strategy
- Barrier Reef slick probe launched
- Ferries upset P&O profits
- ABP to retain US ports
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| SEPTEMBER 4, 2001 |
- No lift for July air cargo
The worsening economic slowdown led to a 9.3% plunge in air cargo handled by U.S. carriers.
- Carrier groups call for Sri Lanka surcharge cuts
Two trans-Pacific discussion groups have recommended that member lines reduce their surcharges on shipments to and from Sri Lanka.
- Cooperman to head Stolt Nielsen
Chemical transport pioneer Jacob Stolt-Nielsen steps down as head of the company he founded.
- Polar wins HK cargo flights
The decision is a blow to United Parcel Service, which coveted the added flights.
- Fine Air opens Miami cold terminal
- Brazilian port reopens
- Stonepath buys Air Plus
- Alliance boosts Air France
- Modern Terminals expands in China
- Ferries sink P&O ports profits
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| SEPTEMBER 5, 2001 |
- ProLogis va créer un centre de distribution intégrée à Liège
Hier, la première pierre du nouveau centre de distribution de ProLogis à Liège a été posée. Une véritable première pour le prestataire de services logistiques américain car il est le premier à construire un centre intégré en Belgique. La première phase sera achevée d’ici la fin de l’année.
- SNCB: résultats semestriels décevants suite à la baisse du trafic de marchandises
La SNCB a subi une perte de 9,1 mio. d’EUR au premier semestre de 2001. C’est ce qu’a annoncé le conseil d’administration de la compagnie ferroviaire. Ces résultats “assez négatifs” résultent essentiellement d’une diminution du trafic de marchandises. Cette tendance à la baisse s’est amorcée durant l’exercice écoulé, qui a été clôturé sur un bénéfice de 5,85 mio. d’EUR, en forte baisse par rapport aux 88 mio. d’EUR enregistrés en 1999. Le conseil d’administration a en outre approuvé les travaux d’infrastructure nécessaires dans le cadre de la réalisation de la branche nord de la LGV Bruxelles-Amsterdam et de la branche est entre Bruxelles et la frontière allemande.
- Démarrage de la campagne “angle mort” de la SAV
L’association flamande de transporteurs a pris l’initiative de lancer une campagne d’information sur la sécurité routière dans les écoles primaires flamandes. Cette campagne est destinée plus particulièrement à sensibiliser les enfants au fait que, bien souvent, ils se mettent eux-mêmes en danger de mort en se plaçant sans le vouloir dans l’angle mort des camions. Aussi le message est-il: “faites-vous voir pour être vus”. Par cette campagne, le secteur fait preuve d’une très grande maturité, car la SAV y va de sa poche pour cette campagne. Comprenne qui pourra: le ministère flamand de l’Enseignement intervient pour zéro fanc dans le financement de cette campagne. Parallèlement, une campagne de sensibilisation des chauffeurs sera lancée, mais celle-ci doit encore faire
l’objet d’un débat au sein du Fonds Social du Transport Routier, qui réunit les organisations de transporteurs et les syndicats de chauffeurs.
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| SEPTEMBER 4, 2001 |
- Algoma Tankers to renew ageing fleet
The Canadian tanker owner will start by ordering two new 15,000-20,000-dwt vessels.
- ITF bashes Australia over Tampa
The international federation says Australia undermines seafaring traditions.
- Stolt gets new chief
Samuel Cooperman is to take over the tanker reins from founding father Jacob Stolt-Nielsen.
- Don't turn a blind eye warns P&I club
Ships must continue to rescue migrants despite the trouble it caused the Tampa.
- Liberia recruits Rex Harrington
Former banker to lead ship register's advisory board.
- Wulff joins German boxship pool
German owner Hermann Wulff has boosted the containership group led by Klaus Oldendorff.
- General Dynamics extends Newport offer
The US defense contractor has secured 76% of Newport shares so far.
- Tampa smugglers face jail
Crew of the KM Palapa get to stay in Australia but behind bars.
- Zim hit by rate squeeze
Lower freight earnings and higher charter rates hit profit of Israeli line.
- Trasmediterranea slims losses
The Spanish ferry company is moving back on to the right track, but remains in the red.
- NEL stuck in a rut
The Greek ferry company has turned in the same losses so far this year as it did in 2000.
- Jo welcomes Italian and Norwegian additions
Chemicals player Jo Tankers adds two new ships to its fleet, thanks to long-term partners De Poli and Knutsen.
- VLCCs line up for breakers
An infamous VLCC is finally heading for the breakers, but scrap sales are lagging behind last year's.
- DNV profit soars
CEO Helge Midttun reports increased market share but stock market losses.
- Hanjin reveals Great Eastern tanker toll
The Korean yard's deal for two products ships suggests a hike in newbuilding prices.
- P&O profits hit by foot & mouth
The UK group's ferry earnings took a knock but it has ambitions to double its port business.
- Solid progress expected at ABP
UK's leading ports company boosted profits in first half and predicted more of the same.
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