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| AUGUST 14, 2001 |
Shipping News
- Bremen, Hamburg chalk up 11% volume growth
THE German ports of Bremen and Hamburg have bucked the slowing container growth trend of rival key European ports for the first half of 2001, both recording impressive 11 per cent year-on-year throughput growth.
- ITF to claim US$1m back pay for stranded crew of cruise ship
- Second tremor rocks Chittagong port
- New Pusan berths to open earlier than planned
Air and Land Transport
- Proposed BA-Americantie-up not a threat
BRITISH Airways plc and AMR Corp's American Airlines say global airline alliances have increased competition so much on North Atlantic routes that their partnership is not a threat to consumers or other carriers.
- Downturn won't affect Asian air safety: ICAO
- Lufthansa, BA alter Israel flights
- China completes first electric railway
- JAL, Boeing face compensation suit
- Log Book
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| AUGUST 14, 2001 |
- Shandong's Japan exports affected
- Port of Hong Kong seminar in November
- NYK carries trains for KLIA
- Hapag-Lloyd in fleet expansion
- KN extends services for high-tech industry
- Northwest and Alitalia end marketing relationship
- UPS, Chile Express allied
- US Airways dismisses Global Airlines move
- Phoenix opens in Latin America
- SIA signs sale, lease-back agreement
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| AUGUST 13, 2001 |
- 'FAA will force Emery to ground planes'
- Shipping shares fall after NOL-warning
- 'El Al might have loss of USD 160 in 2001
- Hapag-Lloyd fleet expansion
- Vopak: net income up 21 per cent up, but second half expected to be down
- Sea Containers earnings fall
- US Airways warns of loss
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| AUGUST 14, 2001 |
- Carpet exporters welcome duty-free access to US market under GSP
- Govt to form task force for chemical, pharma exports
- Chemical exporters optimistic of 25 pc growth
- Significant growth in exports of SSI products: Minister
- Commerce Ministry to commission 2 studies to re-assess Chinese factor in trade
- Leather marketing firm setting up 3 virtual units in China
- Soyameal exporters hope to strike lucrative deals, attract new buyers
- Woollen JVs in China have bright future, feels Woolmark regional chief
- Good corporate response to cargo support for inland waterways
- Private players keen on joint ventures
- Concor North-West region chalks out ambitious expansion plans - More warehouses, paved area at ICD-Sabarmati
- Forex reserves up by $ 78 million to $ 43,682 million
- Forex reserves swell by $ 127 m
- SC sets aside Cegat ruling on stainless steel tariff
- IIP projects 5 pc growth in 2001-02
- ITA moots warehouses in Moscow, Wagah
- Telecom gear makers seek deemed export status
- Invest more in R&D, Minister tells pharma firms
- Tyre cos seek removal of SBR dumping duty
- 2 more banks cut PLR, deposit rates
- Committee recommends changes in tax laws for e-commerce
- Tariff values on imported oils from Aug. 4 sought
- State-of-art marine park coming up in Kochi
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| AUGUST 13, 2001 |
- Crude rally takes a breather
- New company listing in Pakistan
- Korean market seen steady, then firmer
- Some congestion in Fujairah
- Singapore starts week with firmer fuel oil prices
- Mediterranean gas oil starts week mostly firm
- Oil stays firm as OPEC cuts loom
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| AUGUST 14, 2001 |
- Bruhn establishes a firm partnership for food logistics
- New hall for Eichholtz
- More rocks to Norway
- Nordö Link
- HPC presents logistics concept for Kaunas
- Beiersdorf AG
- Haba-Sped AG
- MCLogistics AG
- Eva Air Cargo
- Emery Worldwide fleet grounded
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| AUGUST 13, 2001 |
- Pimentel joins Brynestad in cruise venture
Former Cunard president and CEO Larry Pimentel is to become co-owner, chairman and CEO of SeaDream Yacht Club.
- Korean yard to build four AHTS's for Swire Pacific
INP Heavy Industries Co,is to build four Anchor Handfling Tug Supply Vessels for Swire Pacific Offshore, Singapore
- Korean yards set to increase labor force
Major Korean shipbuilders are to increase their labor force to meet growing demand, says the Korea Times.
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| AUGUST 14, 2001 |
- Leonardo module docks with space station
The Leonardo Logistics module hovers over the Shuttle Discovery’s payload bay as it delivers equipment and supplies to the space station, the third such trip the Italian-built module has made....
- Trading warning hits NOL shares
NEPTUNE Orient Lines’ share price plunged nearly 9% yesterday following the lifting of a trading suspension as it repeated warnings of flat trade growth and falling freight rates. R...
- Owners line up court fight to halt forced sale of ADCL ships
THE owners of seven containerships under arrest in Gibraltar will try this week to prevent the vessels being sold. A defence is being prepared by Al Shira’a Marine, a principal shareho...
- Irregularities ground Emery planes
CNF said yesterday its key Emery Worldwide Airlines unit has suspended its air carrier operations and will furlough up to 800 pilots, crew and administrative personnel, after the Federal Aviation A...
- RMT leader Jimmy Knapp dies
JIMMY Knapp, general-secretary of the railway and seafaring union RMT, has died after a long illness. Instantly recognisable to television viewers thanks to his strong Scottish accent and mo...
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| AUGUST 13, 2001 |
- Hyundai responds to Lanka surcharge
- Fatigue study to target short sea
- Calais passengers down, freight up
- Indian owners called to task
- Lines impose war zone surcharge
- ITF lodges Glory crew claim
- Grain rates to Japan fall below $18
- Pimentel rejoins Seabourn ships
- Virgo is still prime suspect
- French operator sells liner service
- Seaway blocked by bulker accident
- Intra-union unrest in Malta
- Cho Yang creditors cautioned
- Cruise crew scam uncovered
- Deep discounts fill Braemar
- Thailand talks tough on dredgers
- Changes ordered to Sydney cats
- Chennai takeover date set
- Dubai Ports hikes charges
- NOL back on Singapore bourse
- MSC/Seaboard do Caribbean deal
- Iran’s new transport minister named
- NZ wins backing for US trade pact
- Precious returns to profit
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| AUGUST 13, 2001 |
- NOL warns on earnings
Neptune Orient Lines, the parent of APL, saw its share price fall 8.6% in heavy trading after it warned of sharply lower results for 2001.
- Emery grounds air operations
The air cargo carrier, facing a forced shutdown by the Federal Aviation Administration over maintenance practices, suspended air operations today.
- FMC renews Japan port probe
Citing a lack of noticeable progress, the agency renewed and expanded a four-year-old investigation into alleged discriminatory practices against U.S. carriers.
- Conferences hike Sri Lanka rates
- Flagship offers AES checking
- Lufthansa Cargo appoints new district sales managers
- Hub Group, Sears renew intermodal agreement
- DHL Worldwide names Beljaars SVP of operations
- Corpus Christi reefer warehouse gets first shipment
- US sets hefty Canadian lumber duty
- ILWU back at Calif. breakbulk terminals
- Hapag-Lloyd charters four box ships
- Seaway-Lakes levels drop in heat wave
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| AUGUST 13, 2001 |
- Renaissance Cruises slashes workforce by 130
The Fort Lauderdale cruise operator has not been turning in a profit since 1999.
- Frontline income soars to new heights
Fredriksen's Frontline is making serious money but with the tanker market sinking how long will it last?
- Swedish Orient out of the red
Better freights and sale and charter back deal puts liner operator on even keel.
- Frontline in pollution breakthrough
Tanker owner to press ahead with vapour recovery following promising vessel trial.
- Welland Canal set to reopen late Monday
Traffic jam on both sides of the channel is mounting, with 25 ships stuck so far.
- INP wins fresh Swire offshore order
Korea's INP Heavy Industries is building on its orderbook from Swire and has other contracts in the pipeline.
- USCG picks Virgo as prime suspect
Gouges on the chemical tanker's hull match likely collision impact with a fishing trawler off Massachusetts.
- Pimentel joins Brynestad's crew
Cruise chief to head shipowner's new SeaDream Yacht Club venture.
- Spill from oil smuggling tanker threatens Iran
Efforts are being made to stem the spillage from a sunken tanker caught recently illegally shipping Iraqi crude.
- NOL shares slump after suspension is lifted
Shares in Singapore listed container and logistics company fall over 8% on resumption of trading.
- Vopak income climbs
Dutch shipping player Vopak expects to slim down its shipping portfolio even further this year.
- Hanjin Madras guilt upheld
Appeal judges rule that bulk carrier responsible for collision that cost 27 lives.
- Global Carriers wins restructuring approval
Malaysian owner Global Carriers will have to pay its bankers back in cash under newly approved plans.
- Guangzhou Shipyard continues to make a loss
Slump in ship and container orders continues to keep Hong Kong listed shipbuilder in the red.
- Brokers downgrade Samsung
Shipbuilder sees the downside to order slowdown, as two domestic securities firms turn bearish on company stock.
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