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| AUGUST 16, 2001 |
Shipping News
- High risk premiums drive main lines from Colombo
SRI Lanka's port crisis has deepened to such an extent that major shipping lines are bypassing the Colombo transhipment hub.
- Cosco S'pore to hive off non-shipping businesses
- Flemming Ipsen leaving S'pore to head Maersk Air
Air and Land Transport
- Virgin Blue may sell shares, expand Aussie fleet
RICHARD Branson's Virgin Blue airline may sell shares in Australia, adding to its fleet to win business from Qantas Airways and Air New Zealand.
- Korean Air 1st-half loss widens 75% to 346b won
- BA considers taking on SAS in Scandinavian stronghold
- Turkish Airlines to sell seven Airbuses
Logistics
- Integrated Taiwan-China cargo services get good response
INTEGRATED outbound sea and air cargo services between Taiwan and China are officially operating - although slightly later than planned - with transport companies reporting a good response from firms exporting products from China to North America, Europe and elsewhere.
- Southern Air, China Post in extensive deal
- Descartes forecasts US$20m Q2 net loss
Features
- Risk for Virgin, SIA in BA's tie-up with American
PROSPECTIVELY keener competition at London's Heathrow airport could wipe hundreds of millions of dollars off the value of Singapore Airlines affiliate Virgin Atlantic, analysis suggests.
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| AUGUST 16, 2001 |
- Maritime technology conference in Hong Kong
- Sino-Russian train route to start in September
- Sri Lanka to hold shipping conference
- Rio to boost competitive edge
- GlobalB2B2C boosts exchange with logistics services
- Kazakhstan plans new railway
- Cargo down at HKIA
- Aviation emergency response planning conference
- Afrique out
- Gulf Air increases cargo uplift
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| AUGUST 15, 2001 |
- Air Cargo and Logistics Associations join forces
- Bröstrom's fleet increased
- Stork suffers severe losses
- Geest North Sea Line offers added security
- Gas detection in Rotterdam insufficient
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| AUGUST 16, 2001 |
- Miracle Shipping Agencies opens office in New Delhi today
- Brazil permits duty-free import of 548 chemical, pharma items - Indian exporters to benefit
- Steel producers urge govt to impose anti-dumping duties
- Tea Board hires Accenture to conduct market study
- Apeda study sees rise in veg. food items’ exports
- Despite QRs removal, agricultural items exports exceed imports by $ 3,000 m
- Royal Dutch Shell Group begins civil construction work at Hazira port project
- Port & dock workers observe ‘Demands Day’
- Medium term export policy to aim at 12 pc growth
- PLR cuts may lower export finance rates: RBI Dy Governor
- PLL invites EPC bids for Kochi LNG project
- PM to get down to business with CTI & EAC on Sept. 7 and 10
- NHAI floats global tenders for NH-8 project
- GCCI chief urges extension of excise duty waiver to more areas
- Trade Queries Answered
- CII holds an interactive meeting with CM
- K. K. Usha heads Cegat
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| AUGUST 15, 2001 |
- Montreal avails OK, Halifax fuel s/e
- Good demand observed in New York and Philadelphia
- EMMF says e-bunkering needs people
- Demand still sluggish in Ecuador
- One supplier with tight avails in Panama, St Eustatius s/e
- Bunker prices for Brazilian ports
- East African market update
- Kuwait Oil Minister: No need for further OPEC cuts
- Bunker prices for Argentina
- South African markets steady
- Singapore cargo values firmer, bunkers steady in quiet market
- Suez fuel oil firmer
- Crude slightly firmer on US refinery fire, APIs
- Softer midday market in Fujairah
- New posted prices for Saudi Arabia
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| AUGUST 15, 2001 |
- AMCV sees improvement for second half Hawaii operations
American Classic Voyages Co's revenues for the second quarter were $78.1 million, an increase of $17.3 millionover the second quarter of 2000. But net loss was $7.7 million,
- New president and CEO at Conrad
Conrad Industries, Inc. has announced the appointment of Kenneth G. "Jerry" Myers, Jr. as president and CEO, effective August 27.
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| AUGUST 16, 2001 |
- Sri Lanka cast adrift
SHIPPING lines calling at Sri Lanka have warned that escalating war-risk premiums are in danger of killing the port. With war risk premiums now equalling the cost of operating a vessel for t...
- Economic toll of airport attack hits $1bn and rising
SRI Lankan president Chandrika Kumaratunga yesterday put the cost of a rebel airport attack last month at more than $1bn and said the economy would not recover as long as the country was at war, Re...
- Minister leads London mission to plead for mercy from Lloyd’s
A DELEGATION headed by a senior Sri Lankan government minister is flying to London to appeal to hull and cargo underwriters to rein-in war risk premiums that are scaring off chunks of maritime trad...
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| AUGUST 15, 2001 |
- What price Precious? asks Fairplay
- World Food denies Zimbabwe rumour
- Southern Africa faces starvation
- Colombo war premium rockets
- Japan masters/chiefs win more pay
- Argentine crisis hits Alianca
- FMC spotlight falls on China
- Russia protests at Virgo treatment
- High winds aggravate Durban delays
- DANE fears for the future
- New Filipino ferry operator
- Hong Kong box slide continues
- US gains lamb talk extension
- P&O bids for another Indian port
- Twenty hurt in Inchon mishap
- Mermaid launches Dampier slipway
- Saudi cuts transhipment tariff
- Strike halts Canada grain loading
- Puerto Rico mega-port dealt blow
- Cruise 'shame' for Kenya and UAE
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| AUGUST 15, 2001 |
- LaGrange to head New Orleans port
Gary P. LaGrange, executive director of the Mississippi State Port Authority at Gulfport, has been tapped as the new executive director of the Port of New Orleans.
- 'Disappointing' July for West Coast ports
The spotty start to the peak shipping season reflected a mixed economy for retailers.
- MSC launches Euro-Caribe-C. America services
The moves coincide with the deployment of the line's first post-Panamax vessel.
- Trailer Bridge narrows loss in 2Q
- IAS to use webMethods software platform
- Asia-Pacific parley urges greater customs dialogue
- Malaysia airport backs off forwarder ban
- Shipowner protests crew arrests in fatal collision
- Boxed in: Cronos revenue off 11.7%
- High-tech low ebb for EGL
- Broström gets new product tanker
- Blasting ban for NY port project?
- Pacer net falls
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| AUGUST 16, 2001 |
- TCT Belgium opte pour Danser en tant qu’opérateur fluvial
Depuis le 9 juillet dernier, Danser Container Line (DCL) remplace l’opérateur belge Independant Barge Operators (IBO) en tant qu’exploitant des navettes pour containers entre le terminal de TCT Belgium à Willebroek et les ports d’Anvers et Rotterdam. La fréquence du service reste inchangée.
- Stinnes échappe au ralentissement économique
Le ralentissement de l’économie mondiale n’a pas affecté le groupe Stinnes au cours du premier semestre de l’année. Le logisticien allemand est parvenu à enregistrer de fortes hausses de son chiffre d’affaires et de ses bénéfices, ce qu’il doit en tout premier lieu à ses divisions “Transport” (Schenker) et “Chimie” (Brenntag), et à tirer bénéfice de récentes acquisitions. De plus, il s’attend à ce que le second semestre confirme ces bonnes performances et conduise à un bénéfice final pour l’exercice 2001 supérieur à celui de l’année dernière.
- MISC renforce ses positions dans le transport de gaz
L’armement Malaysia International Shipping Corporation (MISC) a plusieurs cordes à son arc. Outre le liner containérisé et certains trafics en conventionnel/breakbulk, il est particulièrement actif depuis plusieurs années dans le secteur des méthaniers. Alignant une flotte de treize grands méthaniers, la compagnie malaisienne est actuellement le plus grand transporteur maritime mondial de gaz naturel liquéfié. Et il vient de signer un contrat avec Mitsui Engineering & Shipbuilding (MES) pour six méthaniers d’une capacité unitaire de 137.000 m3 filant à 21 noeuds.
- L’ESPO demande aux ports de jouer cartes sur table en matière environnementale
“Toute activité économique a un impact environnemental. Ainsi, un immeuble de bureaux où travaillent mille personnes, génère approximativement 6.000 tonnes d’émissions de dioxide de carbone par an, ce qui équivaut à ce que produisent 1.300 voitures roulant à l’essence. Un employé de bureau produit en moyenne 400 kg de déchets par an. En d’autres mots, les problèmes environnementaux tels que le réchauffement de la planète ne résultent pas uniquement des transport et de l’activité industrielle. Les ports font face avec succès à bon nombre de problèmes environnementaux et leur capacité à traiter ces problèmes va croissant.” C’est ce qu’écrit l’Organisation des ports maritimes européens ESPO dans
le “Rapport environnemental qu’elle vient de publier. L’ESPO formule plusieurs recommandations à l’intention de ses membres. L’organisation annonce par ailleurs avoir l’intention d’entamer une discussion avec FEPORT, la fédération des opérateurs de terminaux européens, en vue de parvenir à la définition de points de vue communs sur ce dossier très sensible.
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| AUGUST 15, 2001 |
- Tropical storm brewing in Atlantic Ocean
The tropical depression had sustained winds of up to 35 mph, heading west toward the US Gulf.
- US arrests three Virgo crewmembers
The ship captain and two others were charged with involuntary manslaughter.
- Levelseas gears up
Online chartering survivor Levelseas is pulling in new punters, while it limbers up to launch its next stage.
- Panama Canal traffic slows down
The marginal slowdown was blamed on a weak global economy.
- Pertamina LNG ships resume trading
Two gas carriers left redundant when rioting in Indonesia's shutdown an LNG plant, are back in business.
- Finansbanken slashes shipping portfolio
Storebrand-controlled Finansbanken is cutting back on its exposure to shipping after racking up losses.
- Ro-ro vessel sails to Port Angeles after oil spill
USCG has been searching for the oil spill off Oregon for four days without success.
- CSSC tops targets
China's state shipbuilder says it has exceeded its targets for first half 2000.
- Frontline bullish despite tanker rate fall
John Fredriksen's Frontline tankers still made money in the second quarter.
- Cosco Investment profits climb
Singapore stocklisted Cosco Investment is seeing a more upbeat future as margins improve.
- Hanjin Heavy Industries sees profits collapse
Korean shipbuilder sees interim net profits drop to almost one-tenth of that of twelve months ago.
- Exchange losses continue to hit Jutha
The Thai liner company continues to suffer at the hands of the weak Baht.
- Boa books offshore ships at Jinling
The Norwegian offshore operator has signed letters of intent with the Chinese yard for two anchor handlers.
- MOSK warns on boxship profits
Mitsui OSK Lines joins Neptune Orient Lines on concerns over the affect of reduced boxship business.
- IMC shares suspended
Trading in the Hong Kong-listed bulk shipping firm has been halted at the request of the company.
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