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| MARCH 7, 2001 |
Shipping News
- NOL forecast to make profit of US$125m-US$145m
[SINGAPORE] Neptune Orient Lines is expected to report tomorrow a 2000 net profit before extraordinaries of between US$125 million (S$217.5 million) and US$145 million, up from the previous year's US$94 million as continuing cost savings and higher freight rates offset the negative effects of rising bunker fuel costs, analysts said.
- Salvage of fishing vessel still 6 months away
- Santos port's Tecon terminal sets record
- Bergesen profit shoots up more than 171%
- Anglo-Eastern sets up new training facility in India
- E-procurement goes live
Air and Land Transport
- FAA to skip bidding process for new air traffic control system
[WASHINGTON] The Federal Aviation Administration is preparing to skip competitive bidding and choose the Lockheed Martin Corp to design and build a replacement for the heart of its antiquated long-distance air traffic control system. The move is a radical new approach to its problems with delays and dead-ends in the effort to modernise.
- American to stop TWA flights to Tel Aviv if it acquires carrier
- China sets sights on US$12b Beijing-Shanghai high-speed rail link
- Air France to raise capacity by 9.5% in summer
- Quake-damaged Seattle airport moves closer to full operations
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| MARCH 7, 2001 |
- Crowley to begin Cuba service
Crowley Liner Services has received authorization from the Bush administration to carry licensed food and medicine between the United States and Cuba beginning in April.
- Northeast air carriers continue to feel storm's wrath
Airlines again canceled hundreds of flights at airports in the New York area, but the biggest impact was in New England, which experienced the heaviest snowfall.
- Air France, Delta accord approved
- CSX reveals disputes in Sea-Land sale
- CN, union reach agreement, avert strike
- Descartes buys into Sameday.com
- Union study: Shipping crewmembers exploited
- N.J. governor to address Maritime Association luncheon
- Jendrowski new COO at NTE
- MSC to add Baltimore calls on South American service
- New Orleans Airport wooing freighters
- Canada mulling rail merger policy
- EU launches probe of S. Korea shipyards
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| MARCH 7, 2001 |
- Three new vessels for MOL
- Wallenius Wilhelmsen awarded ISO 9002 certification
- Americana Ships and CTE launch east-west Med service
- Pegasus project boosts NYK
- Emirates opts for A330-200s
- China Airlines appoints Hermes
- New vice president for Vector
- Airborne, PushLoop provide global fulfilment
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| MARCH 6, 2001 |
- UPS to acquire Mail Boxes
- Rate hikes may be hard to come at Pacific
- Blockades in France cleared
- Cargo increase at airports, but not in US
- Plan to save TWA
- TNT with e-commerce software
- FedEx drop boxes with US Postal
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| MARCH 7, 2001 |
- Adsteam reaffirms its long-term commitment to Indian trade
- Capital Logistics & Transport Co. appoints Astra Marine as general agents
- Exim Bank doubles pharma corpus to Rs 200 cr
- India files response to US Fed. Register notice - Products covered under GSP
- Pulse Canada mission-II seeks joint ventures
- JNPT, MoPT Chairmen visit Dynamic CFS at Dighi
- Main features of proposed competition law explained
- Forex reserves swell by $ 79 m to $ 41.8 bn
- Industry exports sugar for a song
- Inflation dips
- Food processing sector sets 15-lakh t target
- Textile industry all smiles over Budget proposals
- Handicrafts fair nets Rs 600-cr business
- Foreign Trade Act in for change: Maran
- Tax haven Bahrain invites Indian investments
- Software units off VEPZ to enjoy earth station facilities
- Capitalisation rules may be covered by proposed transfer pricing policy
- Forex reserves rise to $ 41,694 million
- IMC organises one-to-one business meets with Taiwan trade mission
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| MARCH 6, 2001 |
- Saudi official: OPEC committed to $25 a barrel
- New bunker supplier listing in Romania
- Novorossiysk opens as weather improves
- Crude expected to rise in line with cold weather in the US
- Marine oil spill in the Port of Santos adds to string of oil accidents in Brazil
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| MARCH 7, 2001 |
- Flushing: golden opportunities
- New NorseMerchant Ferries
- New trailers and containers for Geest
- ABP 2000: strength through change
- Ziegler takes over Grimaud
- On-board computers for Hungarocamion
- Schenker in Kosice
- VDH Vanderhoeft: new agents
- Transsiberian alternative for Shanghai's containers
- Is the «Trans-Asia Railroad« going to materialize?
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| MARCH 6, 2001 |
- ICONS: A lost opportunity, says ICS
- ICCL reveals safety concerns
- ITF exposes qualifications scam
- Cruise sector set for major growth
- Singapore proposes JV for Subic
- Daewoo prospers after spin-off
- Eight rescued from Belize ship
- Blizzard spares New York
- Japan aids Indonesian shipping
- Crew abandons burning Cyborg
- Nuclear ships dodge Tasman flotilla
- China to destroy EU animal food
- Teekay swoops on Ugland Nordic
- Fremantle awaits towage decision
- NPA boss lashes oil majors
- Kristal gets last rites
- Banking harvest for Greek owners
- End of Title XI funding opposed
- Penalise rogue charterers - ICON
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| MARCH 7, 2001 |
- La croissance structurelle de Railion Benelux a fait passer le trafic de 16,7 en 1994 à 25,4 mio. de tonnes en 2000
Une augmentation de 10% du tonnage en 2000, un nouveau développement pour le train combiné voyageurs/marchandises OverNight Express, pas de vente par les NS des 6% détenus dans Railion, mais aussi des problèmes de capacité: les sujets n’ont pas manqué lors d’une récente conférence de presse organisée par Railion Benelux à Utrecht.
- ABX veut vendre sa division colis
Le ministre des Participations publiques, Rik Daems, a déclaré dans l’édition du “Soir” de ce week-end qu’”il y a plus de complémentarité entre ABX et La Poste qu’entre ABX et la SNCB” et qu’il faudrait envisager une synergie entre les deux entreprises. Tant Etienne Schouppe (administrateur délégué de la SNCB) que Frans Rombouts (administrateur délégué de La Poste) sont tombés des nues et ont déclaré chacun de leur côté que leurs activités de base ne pouvaient être intégrées d’un coup de baguette magique. Ce à quoi Daems a répondu hier dans “De Morgen” que “la gestion finale relève du management des entreprises”. Après quoi ABX Logistics faisait savoir hier que des négociations avancées étaient en cours au sujet
de la vente de sa division colis. La Poste s’est empressée de s’ajouter à la liste des candidats.
- MSC se limiterait à un seul loop entre l’Europe et l’Asie
Au tout début de l’année 2000, l’armement Mediterranean Shipping Cy passait commande d’une série de 10 PC d’une capacité unitaire de 6.700 TEU, dont 5 construits pour compte propre et 5 pris en affrètement à long terme. Ces unités sont appelées à être alignées sur la route Europe-Asie. Ce service évoluera complètement vers cette nouvelle dimension dans le courant de l’année 2002.
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| MARCH 6, 2001 |
Maritime Contract News
- Sub Inquiry Focuses On Lingering Questions
Breaking News
- First Contract for the Saibos FDS in GOM
- Coast Guard Investigates Barge Breakaway
- Caribbean Tanker Rates Up a Notch
- Rice Ship Struck by Bulker
- Shipping Corp. of India Will Not Be Restructured
- Blast in Greek Tanker Kills Worker
- Sub Inquiry Focuses On Lingering Questions
- NASSCO Delivers USNS Watkins
- Ocean Rig Commences Arbitration Against FGH
- ENSCO Rig Damaged in Blowout
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| MARCH 6, 2001 |
- Seacor to acquire Stirling Shipping
The world's second largest offshore vessel operator has made its third acquisition in almost as many months.
- CLIA reports upbeat cruise numbers
The North American cruise association says nearly 1m more passengers went on a cruise last year.
- Ferguson wins research ship newbuilding
Contract worth $33.8m extends workload to two years for Scottish yard.
- MSC doubles up at Chantiers
Mediterranean Shipping Co has declared an option for a second cruiseship at the French yard.
- ITF exposes Panamanian registry scam
Would you trust this man with your bulker? ITF chief David Cockroft buys his way into becoming a first officer.
- Teekay wins Ugland Nordic
Aframax owner wins control with $223m bid for North Sea shuttle specialist.
- Has Teekay caught the M&A bug?
Deals and diversification to continue so long as beneficial, answers Bjorn Moller.
- Cyprus confident of EU backing
Prospective EU member Cyprus expects to be told that its shipping register is coming up to scratch.
- Crew rescued from blazing freighter
Spanish coastguards have taken 26 people clear of a burning cargoship in the Mediterranean.
- Daewoo investors plan Australian shipyard
Newcastle Heavy Industries will take a stake in Daewoo in return for help building its own VLCC-capacity yard.
- Profits pile in at Daewoo
Korean yard Daewoo took 10% of the world shipbuilding market in 2000, and is sitting pretty for this year.
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