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| JANUARY 9, 2001 |
Shipping News
- Major shipping dot.com goes bust with heavy debts
ONE of the biggest names in the maritime dot.com sector has gone into liquidation with debts reportedly anywhere up to US$350 million (S$605.5 million).
- Freighter sinks off Japan; 4 crew die
- Erika owner abandoned 2 ships, crews: UK union
- Evergreen sets up own agency in Benelux
- Forgery of crew certificates rife, IMO told
- Port shots
Air and Land Transport
- American in talks to take over TWA
[NEW YORK] In a deal that could fundamentally reshape the airline industry, American Airlines is negotiating a complex transaction in which it would acquire Trans World Airlines and buy a separate stake in US Airways, executives close to the talks said.
- Blair blames chaotic railways on Conservatives
- Qantas, Ansett carry out engine safety checks
- Boeing replaces chief of airplane service unit
- BAA, Eurotunnel settle suit over terminal stores
- US Air launches new regional line
Logistics
- Top logistics firm pulls out of HK airport bid
ONE of Hongkong's largest forwarders and logistics providers is pulling out of the territory's plans for a logistics centre at the airport, saying prospects are better just across the border in the Chinese special economic zone of Shenzhen.
- FedEx doubles gateway facility at Changi airport
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| JANUARY 9, 2001 |
- American-TWA deal could boost United-US Airways takeover
The American proposal also calls for the carrier to acquire a stake in US Airways, which could ease concerns over potential anti-competitive effects of United's proposed acquisition.
- Airbus closes in on 30 more A380 orders
The European consortium is expected to win up to 30 more orders for its A380 super-jumbo jets, including 20 freighters, in the coming weeks, to take total firm orders to 80.
- APL Logistics to buy GATX Logistics
The supply-chain management unit of NOL Group will buy GATX Logistics for $210 million.
- It's a nice, small world
Thanks to new global standards, the trade community is speaking the same language.
- Customs' ERP meeting ends; no blood spilled
- Emery taps Vandenplas as general manager for Belgium, Luxembourg
- ACI noise-reduction proposal threatens cargo carriers
- Ship carrying ore sinks off Japan, killing 8
- Crewman killed in explosion on empty oil tanker
- Hong Kong’s shipping registry tops 10 million tons
- US-Russia team to automate customs at Port of Vostochny
- German railroad may scale back intermodal terminals
- Port of Tacoma elects Connie Bacon president, other commissioners
- Labeling rule delays computer parts at Indian ports
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| JANUARY 9, 2001 |
- Uniglory links Bandar Abbas with Asian network
- P&ON to float Gamex service with Zim, Hapag-Lloyd
- Djakarta Lloyd launches new vessel for Singapore, Australasia
- Hainan province to link up with mainland China
- Good performance in Dalian ports
- BAX picks answerthink
- Emirates dallies with Dusseldorf
- China meets tariff target
- FedEx snaps up Freightways
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| JANUARY 8, 2001 |
- American Airlines wants TWA
- German companies in railway company BASF
- Profit warning Delta
- Air cargo volume up 2.6 per cent in November
- U.S. rail traffic slides
- Airbus might win FedEx tender
- Upgrade U.S. Gulf/Mexico-Mediterranean Service
- New President Volvo Trucks
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| JANUARY 9, 2001 |
- Envoy to Venezuela projects $ 4 bn trade with LatAm
- Africa augurs well for pharma, IT sectors
- Tea delegation to visit Pakistan
- Stricter checks on Chinese imports mooted
- Saudi buying pushes up basmati prices
- Tulsidas Khimji strides into 21st century
- Narayana Murthy to head SPV, Int’l Airport, Bangalore
- CII study cites main drivers of economy
- Common form for investments in TN
- Forex reserves touch $ 40-bn mark
- Legal assistance pact with Mongolia signed
- Inflation goes up to 8.02 pc
- Committee for scrapping surcharge on corporate tax rates
- Special package for N-Eastern region
- Basmati farmers: No threat from MNC
- SSIs make out case for protection
- Power distribution networks restructuring on anvil
- Mangalore LNG project shelved
- Forex Reserves: Uptrend continued for seventh week
- Partnership Summit in AP today
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| JANUARY 8, 2001 |
- Rotterdam bunker market starts week firmer
- Mixed Mediterranean markets open mostly firm
- Panama prices softer despite tight avails
- Fujairah market outlook: Steady to soft market set for slight rebound?
- Crude continues up on cold weather, prospect of OPEC cut
- Singapore bunker market outlook: Slow and soft start for fuel oil
- Brazil bunker prices
- Montevideo/Alpha Zone bunker prices
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| JANUARY 8, 2001 |
- Port Tacoma's longshore union continues tradition of holiday charity
- Port Tacoma's budget for year 2001 based on record breaking revenues
- U.S. carload and intermodal rail traffic results are mixed for December 2000
- Puget Sound Research Conference scheduled Feb. 12-14 in Bellevue
- New Commodore Cruise Lines files for Chapter 11 bankruptcy in Flordia
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| JANUARY 8, 2001 |
- Identify refuge ports - Intertanko
- O’Neil seeks ports of refuge action
- World Shipping Directory goes online
- Oil deal approved 'despite charges'
- Stowaways remain on Bibby tanker
- ShipDesk closure 'tip of iceberg'
- WBS demerger plan approved
- Portugal launches Coral clean-up
- APLL buys GATX Logistics
- Manila privatisation cost shock
- Swan Reefer names new CEO
- Uniport goes to Morcon
- Castor transfer begins today
- Refugees 'cast adrift from bulker'
- IFB wins Dunkirk steel contract
- Three die in Adriatic sinking
- Bank acquires Premier cruise ships
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| JANUARY 9, 2001 |
- Après la Belgique, Promar Agencies s’installe aux Pays-bas
Tout récemment a été créée en Belgique une nouvelle agence maritime, la firme Promar Agencies (Belgium) s.a.,axée sur la consignation de navires secteur tramping, et qui constitue le premier élément d’une chaîne d’agences européenne. Ladite société a été constituée au capital de 125.000 EUR.
- La compagnie Europe Airpost prend un nouvel envol en 2001
Depuis septembre 2000, l’activité aérienne de La Poste française est exercée via la toute nouvelle compagnie Europe Airpost. Cette dernière est l’héritière de la célèbre Aéropostale dont Air France et La Poste se partageaient le capital jusqu’au tournant de septembre dernier. Désormais, le groupe postal français en détient 100%. L’année 2001 voit donc Europe Airpost partir sur des bases nouvelles et les dirigeants n’ont pas l’intention de se limiter au seul transport du courrier. Une orientation qui mérite d’autant plus d’être notée que la compagnie intervient déjà à l’international en charters passagers.
- China Shipping Group commanderait des PC de 9.800 TEU
Si l’on croit les déclarations faites par Li Kelin président du China Shipping Group à notre confrère Journal of Commerce, le nouveau géant du liner asiatique envisage de passer commande d’une série de 2 PC de 9.800 TEU destinés à opérer sur le transpacifique. La livraison devrait intervenir en 2004.
- Cool Carriers lance un service retour direct sur l’Afrique du Sud
L’armement reefer Cool Carriers, qui a récemment intégré le nouveau Lauritzen Cool, a décidé d’étendre son service hebdomadaire entre l’Afrique du Sud d’une part et le Royaume-Uni et le nord-est de l’Europe d’autre part par un service retour bimensuel répondant au nom de “Cheetah service” dès le mois de janvier. Lors du voyage retour, les navires alignés transporteront essentiellement des containers en pontée, mais les cargaisons industrielles (sous le pont) entrent également en ligne de compte.
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| JANUARY 8, 2001 |
- Hyundai cruise venture faces collapse
An increasing debt burden threatens to scupper the chaebol's North Korean cruise venture.
- Daedong goes for growth in 2001
Despite last years strike the Korean yard is looking to increase its 2001 order intake.
- Knutsen and Tapias set for LNG newbuildings
Two owners are contracting LNG carriers after netting long-term contracts from Spain's Union Fenosa Gas.
- Thoen plots expansion at Swan Reefer
The Norwegian reefer player's new boss, Aage Thoen, could turn the ugly duckling into a predator.
- World-Wide backs Hong Kong flag
VLCC newbuilding for SAR register and Sohmen promises more to come.
- More tankers for Iraq
Three elderly crude carriers to lift oil-for-food cargoes from Mina al-Bakr.
- Tidewater splashes out on offshore ships
The US owner has finalised domestic and foreign orders worth nearly $300m.
- Poles move in on Slovak Lloyd
A 49% stake in the Germanischer Lloyd affiliate has been acquired by the troubled Polish classification society.
- Outcast Castor remains under tow
Salvors are working on a plan to remove gasoline from the damaged tanker which no port will take.
- Fredriksen's Osprey offer gets thumbs down
World Shipholding's unconditional cash offer for outstanding shares has had a limited result.
- Western Bulk splits in two
Shareholders approve feud-breaking deal that cuts fleet from eight ships to four.
- LauritzenCool turns up heat
New non-reefer service launched following Lauritzen takeover of Cool Carriers.
- APL Logistics swoops on GATX
Neptune Orient Lines' supply chain management arm has made its first logistics buy.
- Eight crew dead in sinking off Japan
Eight Filipino and Japanese crew have drowned after a freighter sank off Kochi, Japan.
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