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| MAY 18, 2001 |
Shipping News
- ITF helps 30 seafarers abandoned in Cochin
THE International Transport Workers' Federation has intervened on behalf of 30 seafarers facing starvation after their vessel was abandoned by its owners and detained in Cochin.
- Chennai's stevedore dispute still unresolved
Air and Land Transport
- US slowdown hurts Asian traffic: UPS
THE US economic slowdown is hitting air cargo traffic from Asia, but Charles Adams, United Parcel Service senior vice-president for Asia, expects business to pick up late this year.
- Over 300 flights cancelled as Lufthansa pilots strike again
- JAL's profit doubles to 41b yen on business travel
- KLM's Q4 loss widens to 88m euros on fuel costs
- Comair to lay off 400 more, axe 200 pilots to cut costs
Features
- Corporate travel takes back seat
SOARING air fares usually get most of the blame for the recent cutbacks in business travel that hammered the airline industry's balance sheets in the first quarter of this year.
- Breaking the mould with the Sonic Cruiser
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| MAY 18, 2001 |
- Imports stall at West Coast ports
West Coast ports turned in another lackluster performance in April as containerized imports were flat and exports declined.
- United Cargo hikes domestic rates
The carrier wants to maximize revenue amid declining volumes and a shift by shippers to cheaper ground transportation.
- Automotive hurts Pacer results
Weaker auto shipments torpedoed earnings at the 3PL.
- Polar Air Cargo cuts workforce
The carrier will lay off 10% of its workers as part of across-the-board cost reductions.
- Indonesia's Bitung readies direct Singapore route
- India allows customs shipments from Tuticorin
- Descartes names Steinke president
- Cargo-Web offers freight management software
- MSC upgrades Europe-India service
- Emery opens Milwaukee terminal
- HP using GT Nexus software
- Canadian Pacific to complete spinoff in Sept.
- Major questions remain for MSC
- Pressure mounts on striking Lufthansa pilots
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| MAY 18, 2001 |
- Hong Kong Shipping Register stands at 11.72 million grt
- Waigaoqiao Port container inspection system launched
- China to Australia express debuts in Shanghai
- Chennai feeder surcharge
- Lykes Lines takes on new vessels for Africa service
- Brennan revamps LA service
- Boeing awaits agreement on order for 30 new planes
- ATA releases March figures
- Kitty Hawk announces agreement With EGL
- Continental promotions
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| MAY 17, 2001 |
- Net profit Deutsche Post down
- Once again strikes at Lufthansa
- Profit Lufthansa Cargo down
- USPS with British alliance
- KLM down 3 percent after decrease
- New chief Railtrack
- Strike hits 600 families of Comair workers
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| MAY 18, 2001 |
- Foodgrains delegation leaves for Iraq
- Wheat exports likely to exceed 4 m. tonnes in 2001-02
- Indo-German trade set to cross Rs 20,000-crore mark
- Dumping duty on caustic soda imports mooted
- Tele-enquiry system at Jawahar Customs House inaugurated - Boon for CHAs, ex-im trade
- ChPT takes steps to start operations at Container Yard - Stir continues at Chennai Port ...
- Framework to curb agro products imports may be ready soon
- New accounting rules for electronics cos
- 2001-02 export target in a fortnight
- Apeda plans to boost aromatic plants exports
- Draft rules for manufacture, import of new drugs notified
- Projects for machine tools, lock industry cleared
- President okays Finance Bill 2001
- PFA rules on irradiated foods amended
- Govt to go ahead with labour law reforms: Minister
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| MAY 17, 2001 |
- US Gulf spot prices softer after 2 days cargo price drop
- Steady prices in Italy and Gibraltar
- Good supply outlook for ARA region
- Mixed avails in Piraeus, Istanbul market well supplied
- Great Belt and Baltic weekly bunker market report
- Weekly review: Singapore spot prices remain depressed
- Polish fuel oil prices follow Europe down
- Normal demand and quite steady prices in Korea
- Avails getting tight in Japan due to refinery problems
- Mixed IFO380 avails in Hong Kong
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| MAY 17, 2001 |
- Suit alleges Taylor controls Liberian -flag franchisee
In another of the unseemly spats that do little to enhance the credibility of the open registry system, International Registries, Inc.(IRI) has filed suit against Liberian International Ship and Corporate Registry,
- NNS gets $9.3 million CVN 70 contract
Newport News Shipbuilding has been awarded a contract valued at approximately $9.3 million for preparations in advance of the overhaul and refueling of the nuclear-powered aircraft carrier USS Carl Vinson (CVN 70) scheduled for 2004.
- Costa targets German market
Costa Cruises, a unit of Carnival Corporation will launch a new cruise product aimed exclusively at the German market beginning in spring 2002.
- Cascade General "set to buy back Cammell stake"
According to the Financial Times, PwC, the receiver to Cammell Laird, is close to a deal to sell Cammell's 49 per cent stake in the Portland, Oregon, Shipyard to Cascade General, the majority shareholder.
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| MAY 17, 2001 |
- Port of Gray Harbor develops plans for loading midwestern grain from rail to ship at its facilities
- Port of Longivew plans to build 48,000 sq. ft. building for former Portland steel distributor
- Port of Olympia signs Thurston Boat Repair as new tenant at Swantown Boatworks
- Port of Tacoma signs $272,291 contract for Washington United Terminals project
- Former Port of Tacoma executive director dies in Arizona at age of 82
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| MAY 18, 2001 |
- Tirrenia, dalla Ue un parere a rischio
- Taranto, via al maxi-terminal
Un investimento di 400 miliardi per i magazzini e 18 gru - Si profila l’ingresso della cinese Cosco
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| MAY 18, 2001 |
- Cho Yang to sell off golf course as Iranians chip in
CHO Yang is fighting hard to stay in business, with assets put up for sale as the troubled South Korean line struggles to sort out its finances and pay off creditors, writes Matthew Flynn. ...
- CMA CGM cool on prospects for 9,000 teu boxships
THE company thought to be among the front-runners to order the first containerships in excess of 9,000 teu is actively trying to discourage vessels of that size being built at this stage. C...
- Enforcement cost of OPA 90 regulations put at $11bn
Costs of implementing the 11 principal OPA 90 regulations will be approximately $11bn, according to US Coast Guard Atlantic Strike Team commanding officer Gail Kulisch. The costings for com...
- EU ‘must end curbs on German shipyards’
IF THE European Union is really serious about fighting the threat from South Korean shipbuilders’ dumping practices it should immediately lift the capacity restrictions on eastern German ship...
- BG joins dash for gas with US terminal deal
BRITISH energy group BG has made a strategic thrust into the world’s largest gas market by securing all of the available capacity at one of only four US liquefied natural gas terminals. ...
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| MAY 17, 2001 |
- Nigeria tackles port congestion
- Antigua bids for large cruise ships
- Consortium loses Kursk contract
- Macau competition for Shun Tak
- North Pacific Steamship folds
- Korea plans online exchange
- Liberian owners clarify position
- Nenaco settles labour dispute
- Pilots call politicians to account
- Dodgy dealing kills training project
- Chennai box ops still suspended
- Liner shipping 'failing to adapt'
- New box terminal for Nanjing
- New ship import row in Brazil
- Indians seek end of rustbuckets
- Hyundai MM debt reports ‘false’
- Call to change freeboard rules
- Germans split on subsidies
- Marsaxlokk go-slow forces delays
- Rail dispute threatens Oz grain
- Great Lakes levels still falling
- Burst of late interest in UK tax
- Alaska 'pollution session' delayed
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| MAY 18, 2001 |
- Hydro Air (Johannesbourg) concentre ses activités à Ostende
L’aéroport d’Ostende accueille depuis novembre dernier l’avion de la compagnie sud-africaine Hydro Air, mais la présentation officielle de l’appareil et de la compagnie s’est déroulée à Ostende seulement avant-hier, pour marquer le 250e vol.
- European Rail Shuttle ambitionne sa propre traction
L’opérateur en combiné ferroviaire European Rail Shuttle, filiale du groupe Mærsk Sealand pour 50% et de P&ONL pour les 50% restants, mène ses activités tambour battant. Il opère actuellement au rythme de 160 départs par semaine et ce vers 17 directions. Via l’autre opérateur BoxXpress, dont il détient près de 50% (les autres partenaires étant Eurogate Intermodal et Netlog), ERS couvre une large partie de l’Europe et manifeste progressivement d’autres ambitions.
- KLM triple pratiquement son bénéfice opérationnel
La compagnie aérienne nationale néerlandaise KLM a enregistré d’excellents résultats au cours du dernier exercice, qui se clôture le 31 mars pour cet opérateur. Le bénéfice net est toutefois resté en-deçà des prévisions des analystes du secteur. Suite au recul économique au quatrième trimestre, KLM est très prudent quant à l’avenir.
- IBM conclut des contrats d’outsourcing avec les postes allemande et suédoise
Le géant en informatique IBM a conclu deux contrats, avec la poste allemande et la poste suédoise. IBM donnera ses activités de transport en sous-traitance à Securicor Omega Euro Express et Danzas Eurocargo et reprendra toutes les activités IT de la poste suédoise. Au début de l’année, la poste belge avait déjà annoncé la création d’un consortium avec IBM comme actionnaire minoritaire.
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| MAY 17, 2001 |
Maritime Contract News
- Mystery Surround 3 Titanic Passengers May Be Solved
Breaking News
- Hyundai Merchant Marine Denies Rumors
- Malta Will Announce Port Privatization Information Soon
- Mystery Surround 3 Titanic Passengers May Be Solved
- NOL Shares Surge
- Look Out Ice, Bombs Away!
- BG Secures U.S. LNG Rights
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| MAY 17, 2001 |
- P&O Princess on the fundraising trail
The world's third-biggest cruiseship operator is planning to issue up to $286m of bonds.
- Volgotanker goes into reverse
The Russian tanker owner posted a loss in the first three months of this year.
- Owners row over Navion
Rasmussen and Statoil battle over joint shuttle tanker venture.
- Canada detains 10 ships in April
Canadian port authorities pulled in a HUAL car carrier along with chemical tankers and bulkers last month.
- DFDS books $14m on sale of HQ
Danish shipowner to sell historic offices to release locked-up capital.
- Korea plans online shipping portal
The government wants to end domestic shipowners' reliance on foreign brokers.
- Time charters boost Orion
Long term deals puts Danish owner on course to hit budget.
- Financial woes hit HMM share price
Investors nervous over firm's growing debt burden and losses from its North Korean cruise venture.
- Tsakos takes a fall
Capt Panayiotis Tsakos still a hands-on shipowner despite nursing a broken arm.
- Hanjin Shipping sails into the red
Foreign exchange losses and bigger ships hit bottom line at South Korea's largest liner operator.
- Ferry wars hot up in Hong Kong
New World First Ferry is ready to challenge the dominance of Shun Tak on the Macau route.
- New boss for CSG Hong Kong subsidiary
Senior executive from Shanghai appointed to head dry bulk operator.
- Floods hit MSCO nickel shipments
Adverse flooding in the Arctic port of Dudinka is causing nickel shipments to be suspended.
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