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| AUGUST 8, 2001 |
Shipping News
- Cunard fires 92 staff in UK, US as it cuts back capacity
LUXURY cruise line Cunard sacked 92 shore based employees in the UK and US on Friday as it 'dramatically' reduces capacity due to weakened demand, but insists its Asia-Pacific business is still 'growing steadily'.
- Maersk Logistics to buy key assets of US firm
- PSA's China unit in software deal
- MPA starts probe into collision of S'pore ship
Air and Land Transport
- Carriers asking for delays in plane deliveries: Airbus
AIRBUS Industrie said airlines have asked it to delay aircraft deliveries in 2003 and 2004 as a weak global economy hurts demand for air travel and cargo.
- Thai Airways should speed up sale of stake
- SIA converts 3 options for B777 into firm orders
- Thomas Cook India seeks to start charter airline operations
- FAA orders new engine tests for some 767s
- Boeing moves 1,100 space jobs from California to cut costs
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| AUGUST 8, 2001 |
- Shanghai seeks to unify e-commerce platform
- New online bunkering service from Singapore's MPA
- Good half year results for Port of Antwerp
- Minister visits Jurong Port
- Midwest Express in codeshare with Virgin Atlantic
- Sixth China/Japan route for China Northwest Airlines
- British Airways' first quarter results meet expectations
- South African ACR bids to meet fresh produce demand
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| AUGUST 7, 2001 |
- Less containers Rotterdam due to control problems
- Higher total throughput Rotterdam
- Lufthansa withdrawal from intercontinental routes
- USAirways dismissed Bernard offer
- Emery hub at Singapore
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| AUGUST 8, 2001 |
- Tonnage tax: MoS to set up panel in fortnight
- Anti-dumping duty on Chinese metcoke upsets ferro alloy units
- Dumping probe into porcelain tiles from China, UAE begun
- US provides glimmer of hope for Indian steel majors
- India, Austria sign new double taxation avoidance treaty
- EPCG scheme amended to curb spares imports
- Concor-JNPT seminar on ‘Intermodal Nagpur’ today
- Spices Board to encourage brand promotion overseas
- State govt to provide industry a better deal
- India to review treaty with Nepal in Sept.
- Guard against swings in capital flows: ex-Governor of RBI
- Morgan Stanley sees good growth in India, China
- Chinese envoy highlights positive aspects of SEZs - Speakers at WTC seminar see vast potential in export zones
- Govt notifies tariff values for import of 3 edible oil items
- Foreign Trade Analysis: Current Policy & Procedures
- Dock labour leader K. B. Bajpai passes away
- CII organising interactive session on IDEA in Hyderabad
- Institute for Logistic Studies Workshop on Aug. 10 & 11
- WTC to hold seminar on ‘Doing Business with S. Africa’
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| AUGUST 7, 2001 |
- Is OPEC shooting itself in the foot by cutting output again?
- Further fall expected in API crude oil stats
- Vessel carrying Iraqi oil sinks in the Gulf
- UN wants shorter pricing period for Iraqi oil
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| AUGUST 8, 2001 |
- Increasing EU maritime trade
- Social dumping in Central/Eastern Europe
- Thessaloniki is to be expanded
- Container charter market
- Ford expands distribution network
- Maersk Logistics France SA takes over D'Click Logistics SA
- Geodis: good results
- Exel distributes Ikea
- Stinnes in China
- RTW Shipping Agencies for of Lloyd Triestino
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| AUGUST 7, 2001 |
- Sixty knot ferry nears completion
What is being claimed as the "world's fastest ferry to date" is nearing completion at Royal Crown Yachts' shipyard in Tampa Bay, Florida.
- HDW goes digital
Germany's largest shipbuilder Howaldtswerke-Deutsche Werft AG, Kiel, is switching its whole development, engineering and product data management onto digital and integrated processes.
- Royal Olympic cancels remainder of undelivered Explorer's summer program
The wrangle between Royal Olympic Cruises and shipbuilder Blohm & Voss continues
- Glacier Bay cruises axed
The Anchorage Daily News reports that In response to a federal court order, the National Park Service will likely prohibit nine cruise ships from entering Glacier Bay National Park t this summer.
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| AUGUST 8, 2001 |
- Frontline joins NYSE elite
JOHN Fredriksen got the honour of ringing the closing bell at the New York Stock Exchange on Monday, the day when his listed tanker vehicle Frontline graduated from the Nasdaq market to a main list...
- Court cuts cruises to top Alaska beauty spot
THE cruise industry suffered yet another blow to its Alaska business as a federal court judge ordered a sharp reduction in sailings through Glacier Bay National Park, one of the industry’s ma...
- Hyundai Mipo fire drives up East Asian yard fatality toll to 49 in two months
A FLASH fire in a newbuilding hull has killed four shipyard workers at Hyundai Mipo, bringing the total death toll in major East Asian yard accidents to 49 in just two months. On June 20, ni...
- Record capacity at Lloyd’s looms
LLOYD’S appears to be heading for a record £14bn ($19.6bn) of capacity for 2002, as underwriters seek to cash in on rising premiums. The prospective leap from the 2001 figure of £11.1b...
- Slick spreads in Prince William Sound
PRINCE William Sound, which the Exxon Valdez turned into the world’s most famous oil spill site in 1989, is this week the focus of the most significant clean-up effort since the notorious Exx...
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| AUGUST 7, 2001 |
- Prince William Sound in spill alert
- Cruise lines deny Dominica reports
- AmClassic silent on newbuildings
- Grindrod 'shaken into reality'
- Daewoo to complete restructuring
- Ocean Glory 'unique', says Panama
- New firm to handle Qatar ports
- Study will probe terrorist tactics
- Tea exporters fear war risk threat
- NYK spin-off will save $161M
- Gwadar funds to be agreed in China
- Coal throughput leaps at Rotterdam
- Adsteam locked in tug strike talks
- Vision thruster is not Azipod
- EC aids Emden feeder plan
- Brazilian firm tops Itajai bidders
- Festival refunds Vision passengers
- Galle's new berth opens
- Q-Ship to acquire Qatar Subsea
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| AUGUST 7, 2001 |
- Cho Yang back in business
The carrier has restarted two of six former intra-Asia routes through slot-charter agreements.
- Expeditors profit bucks market
The air and ocean forwarder reported a healthy net gain in the face of a declining market.
- Med-US carriers set westbound hike
Carriers in the United States South Europe Conference plan increases of $80 and $100 beginning in October.
- Evergreen plans new trans-Pacific service
- ClearCross to offer Andersen trade consulting
- Liberty Maritime launches U.S.-flag ship
- ANZDL, Contship Tampa-bound
- China Shipping to merge Asia-Europe routes
- BNSF, CSXT streamline Chicago traffic
- Logistics.com wins Staples contract
- Danzas in Mexico joint venture
- PIERS adds maritime pre-arrival data
- DHL adds Bangladesh apparel service
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| AUGUST 8, 2001 |
- Rotterdam: le trafic de containers a reculé au premier semestre
Au premier semestre, le port de Rotterdam a transbordé 2,3% de plus de marchandises qu’au cours des six premiers mois de 2000 mais le grand port néerlandais a également subi une baisse du transbordement de containers (-6,8% en volume). Le transbordement de marchandises a augmenté à 161,8 mio. de tonnes grâce aux excellents résultats dans des secteurs comme le charbon (+33,5%), les produits pétroliers et petcokes (+16,1%), le pétrole brut (+7,5%) et les vracs agricoles (+16%). Le trafic à l’entrée a augmenté de près de 5% tandis que celui à la sortie a baissé d’un peu plus de 6%. L’Entreprise portuaire Communale (GHR) ne s’attend pas à un record cette année, suite entre autres au ralentissement de la croissance économique.
- Par quel type de navire ISH va-t-il remplacer ses LASH?
Il ne reste plus beaucoup de navires porte-barges made in USA de par le monde. Les fameux “Seabeas” de Lykes Lines, transportant des barges de 850 t de capacité ont été transférés à la flotte de réserve de l’US Navy, quant aux “Lash” sur la trentaine qui furent construits il n’en reste plus qu’une dizaine en activité, les autres ayant été convertis en porte-containers intégraux ou envoyés à la casse. Ce nombre va encore diminuer prochainement étant donné que l’armement américain International Shipholding, qui en exploite encore sept, va les mettre en vente. D’ici 6 mois une décision devrait tomber relative au type de navire qui prendra la relève des ces unités dans les trafics dans lesquels elles sont alignées.
- ÖBB: vers l’acquisition de nouveaux wagons pour la “Rollende Landstrasse”
A peine entré en fonction, le nouveau président des chemins de fer autrichiens ÖBB Rüdiger vorm Walde a déjà laissé entendre que les tarifs voyageurs étaient fort bas par rapport aux normes européennes. Il faudra donc les augmenter, a-t-il déclaré sans toutefois avancer ni pourcentage ni date. De son côté, le gouvernement autrichien entend promouvoir le transfert de la route vers le rail, et plus particulièrement vers la “Rollende Landstrasse”.
- MSC entame la desserte des Caraïbes au départ de Freeport
L’armement mediterranean Shipping Co (MSC) n’est toujours pas à court d’initiatives. Après avoir lancé son propre service feeder dans le golfe arabique, il entamera dans les prochains jours la desserte des Caraïbes au départ de Freeport, ceci avec trois unités feeder qui opéreront en fonction de trois rotations distinctes. Pour MSC il s’agit d’un nouveau trafic. Au départ d’Europe du Nord, notamment d’Anvers, cette desserte est assurée via le service hebdomadaire “Atlantique Sud/Golfe” que l’armement assure avec des PC de 3.000 TEU et qui escalent à Freeport avant de poursuivre vers Miami.
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| AUGUST 7, 2001 |
- Gulfcoast Transit adds bulk carrier to fleet
The US barge and tug operator is expected to buy more bulk carriers and barges to cater to high demand.
- Bargain hunters boost OMI stock
The stock was seen as undervalued after falling gradually for the past month.
- Two more storms may hit US Gulf in August
A total of 12 storms is predicted for the hurricane season in the US Gulf and Atlantic Ocean.
- Enterprises bondholders respond to ship arrest
Bondholders will continue to scrunitise all transactions involving sale of the company's assets.
- Royal Olympic cancels summer cruises
Delivery of Olympic Explorer faces further delays due to technical modifications.
- Analysts see bullish long-term Frontline outlook
The transfer to NYSE is expected to improve stock liquidity and raise prices.
- Copenhagen Tankers buys Armada
Consolidation tactics continue to sweep through the tanker sector.
- Snubbed rivals could team up for second HBG bid
Two Dutch companies could launch a hostile move for dredging and construction firm HBG.
- Anangel-American raises net profits
Earnings are expected to dip in the third quarter amid weakening freight rates.
- Stalemate after Enterprises ship arrest
A meeting between noteholders and struggling reefer company Enterprises looks unlikely ahead of court hearing.
- Rate increase helps WG&A rise above fuel costs
Interim profits have more than doubled at the Philippines ferry operator in the first six months.
- Piracy attacks on the rise
Indonesia is way ahead of the pack on the list of piracy hotspots, but the authorities are fighting back.
- Stolt tankers held in Australia
A Stolt Nielsen-chartered tanker had its full ISM certificate withdrawn after being detained in Australia.
- Keppel abandons yard merger
Singapore's Keppel Corp is focusing on privatising Keppel FELS, rather than merging it with Keppel Hitachi Zosen.
- Marine engine orders slow for Wartsila
Gas power plants are earning the profits for Finnish engine maker Wartsila, while marine demand takes a breather.
- Navion still on course
Norway's shuttle tanker owner has already beaten the profit figure for the whole of last year.
- Qatar Shipping interims soar
Results for the first six months of 2001 have tripled at the expansionist Qatar-based tanker and OBO operator.
- Hyundai Mipo fire claims four
Four workers killed and two injured in fire aboard Hyundai Mipo Dockyard newbuilding.
- Frontline lists on NYSE
Norwegian owner John Fredriksen was in celebratory mood in New York on Monday.
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