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| MARCH 16, 2001 |
Shipping News
- Mitsui denies problems at Tanjung Pelepas
[SINGAPORE] Japanese container shipping company, Mitsui O.S.K. Lines (MOL) has denied a report quoting one of its senior executives as saying it is pulling out of the Port of Tanjung Pelepas (PTP) because of poor service.
- Shippers ask Philippine port to roll back rates
- Classification societies to take hard stance on safety
Air and Land Transport
- US carriers pledge to improve service
[WASHINGTON] US airlines, under pressure from Congress, pledged to try to reduce the number of chronically delayed flights, better inform customers when planes are late and make legally binding previous pledges to improve customer service.
- United Air wins court appeal against union
- Airbus sees air travel by Indians rising rapidly
- India's private airlines lead the market
- Delays at La Guardia Airport may get worse, warns FAA
- UK's Railtrack asks for £1.5b in state funding
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| MARCH 16, 2001 |
- P&O Nedlloyd reports record earnings
Burgeoning profits spur optimistic outlook at the container carrier.
- Exel acquires F.X. Coughlin
The British logistics group will pay up to $331 million for F.X. Coughlin, a leading supplier of logistics and forwarding services to the U.S. auto industry.
- CP Rail, union reach agreement
The tentative pact guarantees peace on Canada's rail network for the next three years.
- Classing safety upgrade sparks protest
Ship classification societies are split over a move to upgrade safety standards.
- P&O Nedlloyd reports record earnings
- BXA bill delayed
- New air cargo charter service debuts
- Intercontainer-Interfrigo eyes trans-Siberian rail service
- Lufthansa earnings up 44%
- Want to buy a crane? Port of Charleston to sell 11
- ITC decides to maintain antidumping duties
- Export administration bill delayed by Senate panel
- Transoceanic Shipping handles massive dam project
- Taiwan, China eye air cargo venture
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| MARCH 16, 2001 |
- Columbus Line beefs up transpacific services
- New Central Asia - Europe railway link in the bag
- Gemartrans to Manila
- New management team for Contship Containerlines Asia
- New duty-free zone in Indonesia
- HKIA growth continues
- MASKARGO urged to help small airfreight business
- SIA announces senior management changes
- Air France increases transatlantic traffic
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| MARCH 15, 2001 |
- Operating profit P&O Nedlloyd USD 200 million
- EC orders TNT Post to sell International Mail
- Profit P&O up 12 percent
- Operative result Lufthansa up 44 percent
- Warning Northwest Airlines
- KLM deems price for Go too high
- Brussels seeks comments on partnership between British Midland, Lufthansa and SAS
- Lufthansa drops freighter to San Francisco
- Containers instead of iron and coal in Duisburg
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| MARCH 16, 2001 |
- Conti-Lines plans new service on the Baltic/Black Sea-India trade route - Conti Asian Lines celebrates 25 years of successful service
- Maersk India inaugurates Buffer Yard, fourth warehouse at Nhava Sheva
- Anti-dumping duty on HSR from Poland, EU mooted
- South Africa invites exporters to develop business ties
- ...keen on free trade pacts with India
- Drugs exports set to exceed target
- China denies dumping charge
- CoPT assigns bridges work order to Afcons
- Formula to delink HDC from CPT worked out
- Freight Training does it differently again with live seminars
- Freight ceiling policy for steel PSUs to be withdrawn
- British Airways to increase freight rates
- Smaller airlines halt S. African flights; bigger ones increase
- Bright future seen for Malaysia air freight
- BAA, partners buy Aussie airports
- Swisscargo books record freight
- Lufthansa, Thai Airways Strengthen Partnership
- KLM denies making bid for BA’s Go
- DHL’s First Boeing 757 SF ready
- FedEx with 85 more terminals
- Andhra grape exporters have sweeter time
- Planters seek peak bound rates on imports for re-export
- PHDCCI seeks duty cut on inputs for telecom cables
- Addl 50,000 mt coarse grains released for export
- Crude import norms eased for PSUs
- CM sets time-frame for State’s economic growth
- CII organises business mission to Saudi from April 6 to 12
- Pallavi Jha at helm of CII Maharashtra Council
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| MARCH 15, 2001 |
- Prices drop to competitive levels in LA and San Francisco
- Steady market in Pacific North West
- Tight avails in New York and Philadelphia
- More fuel oil possible in Montreal, Halifax s/e
- Rebound anticipated in the US Gulf after massive price fall
- Good activity in ARA markets, Antwerp beating Rotterdam on distillates
- Bunker prices for Irish ports
- North European markets this week
- Sluggish demand in Istanbul and Piraeus
- Good avails in Gibraltar
- MGO levels down in Italy and Malta
- Volatile Singapore market sees wide price range for bunkers
- Bureau Veritas supports IACS safety moves
- Good avails and lower prices in Hong Kong
- Sluggish demand in Japan despite softer levels
- Korean prices at above-normal levels
- Crude at 2-month low ahead of OPEC meeting
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| MARCH 16, 2001 |
- Wim Bosman and Heppner extend cooperation
- TCDD reductions in the tariff CMO No. 1010
- CMO export and import transports
- Cemat adopts Kombiverkehr gateway system
- Ikea founds railroad company
- EU commission approves «Rail4chem»
- Ökombi: new wagons
- O.T.E.C.
- Nuova Transports
- Frans Maas
- Rotterdam: more boxes on inland waterways
- Crescent Shipping: river-to-sea to Paris
- Slovakia to privatize inland shipping
- Le Havre volumes
- Nuremberg
- Lufthansa Cargo: perishables express
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| MARCH 15, 2001 |
- Big Three class societies launch sweeping safety initiatives
Another ripple in the not-so-calm waters of the classification society world. American Bureau of Shipping, Det Norske Veritas and Lloyd’s Register have announced a series of initiatives to further improve the safety of international shipping. And they won't wait for the the smaller societies to catch up before they implement them.
- Wärtsilä ups stake in Japanese joint venture
Wärtsilä and Hitachi Zosen Corporation, the joint owners of Wärtsilä’s 50/50 joint venture in Japan, Wärtsilä Diesel Japan, have concluded an agreement whereby Wärtsilä will increase its holding in the company to 85% and the second owner of the company will be Hitachi Zosen’s subsidiary Imex Co. Ltd.
- Frontline seeks NYSE listing, General Maritime plans IPO
Investors in general may be disenchanted with Wall Street, but not so tanker owners. Frontline Ltd. intends to apply for listing of its ordinary shares on the New York Stock Exchange. And New York-based General Maritime is pressing ahead with plans for an IPO
- GCMA files suit against ENSCO
The Gulf Coast Mariners Association has filed suit in federal court against ENSCO Marine Company and ENSCO Offshore Company
- International expands tin-free antifoulings production
Akzo Nobel, parent of International marine coatings, is to invest EUR 4 million (about $3.7 million) to expand tin-free resin production at its Felling facility in the U.K.
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| MARCH 16, 2001 |
- Harbours Authority Privatises Weighbridges
- KRA Moves to Discourage Dishonest Clearing Agents
- Bangladeshi Fight Against Sea Pirates Bears Fruit
- Third World Sailors 'Treated Like Slaves' - Report
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| MARCH 15, 2001 |
- Over 70 Greek ferries under threat
- AMP suspends more staff
- Beaming Boskalis Westminster
- Colo Solo concession terminated
- South Korea/Russia shake hands
- Carnival settles over port charges
- Germany retracts NZ sheep claim
- Everglades tug of war continues
- Olsen to open Miami-Bahamas run
- Detained ferry set to sail
- Crewman dies in forklift accident
- Trains in Spain join ports and plain
- Corporate compromise for Haldia
- PPA pacifies PASSI
- Wärtsilä revamps Japanese ventures
- LNG plant for Bilbao port
- Chinese ship repairers shine
- Varun issue to fund tanker buys
- P&O Ned future under discussion
- New Gozo ferry blacks out
- Societies attack class weakness
- Cruise labour talks hit stalemate
- Strong Q4 boosts P&O Ned
- NZ joins FMD scare bans
- Adsteam seals HST deal
- Ferries weak link in P&O portfolio
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| MARCH 15, 2001 |
Maritime Contract News
Breaking News
- Increased power for the Sulzer RTA96C
- Adsteam To Buy Howard Smith Ltd.
- Japanese-Chartered Tanker Is Free To Leave
- P&O Powers Through Poor News
- Vopak Sells Stake In Heavy Transport Group
- ABS, DNV, LR Take Action
- Atlantic Rates Set To Move Higher
- World's Biggest Oil Platform May Sink
- Transas Awarded An Order For OOCL Container Ship Model
- Leading Societies Launch Sweeping Safety Initiatives
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| MARCH 15, 2001 |
- P&O Nedlloyd may go Dutch
Plan to reverse top container line into Nedlloyd favoured option for stock listing.
- Australia nets bulkers with defective hatches
Port state control authorities in Australia detained eight vessels during February.
- Osprey exits Petronet LNG tender
India's Petronet LNG is down to a choice of three bidders for its gas carrier newbuildings.
- Chemical carrier owners tighten bond
Jo Tankers and Knutsen OAS confirm closer co-operation deal.
- Clarkson opens Greek office
Shipbroker Clarksons is putting S&P staff on the ground in Greece.
- Mysterious vessel named rustbucket
A cargoship which entered Italy with false papers is the Paris MOU's "rustbucket of the month".
- Generali Marine turns a profit
Italian insurer with shipowner directors beats the soft marine market.
- Amer Reefer cash ruling due
The troubled reefer owner expects a New York court to rubber stamp the payment of $5m in withheld earnings.
- Kuok makes $212m takeover bid on PCL
Pacific Carriers founding family wants to delist its Singapore shipowning arm.
- Hong Kong holds eight
Port state control officials have detained 20 vessels so far this year.
- DFDS buys Stena ro-ro
Chartered vessel to be acquired as part of fleet renewal programme.
- Class societies push ahead on safety
Lloyd's Register's David Moorhouse says the cooperation between LR, ABS and DNV is not intended to undermine IACS.
- Irish Sea ferry detained
Swansea Cork Ferries out of operation as elderly Greek owned vessel detained for ISM deficiencies.
- P&O profits edge up
UK-based P&O Group to pull further back from bulk shipping to home in on transport and logistics sectors.
- Record for P&O Nedlloyd
Dramatic improvement in container line's performance despite bunker price hike.
- Nedlloyd in result turnaround
Jointly owned container line key factor in return to profit.
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