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| JUNE 19, 2001 |
Shipping News
- SembCorp close to joint venture deal with Dalian yard
SEMBCORP Marine is nearing conclusion of a joint venture deal with one of China's largest shipyards belonging to China Ocean Shipping Company .
- ITF asks for thorough probe of Heng San incident
- Insurers will consider compensation claims by M'sian fishermen
- Hutchison pays US$400m for stake in ICTSI unit
- Melbourne stevedores to pass on cut in berth hire fees to customers
Air and Land Transport
- Civil aircraft engine market worth US$465b: Rolls-Royce
ROLLS-Royce anticipates a total market for some 100,000 civil aircraft engines worth nearly US$465 billion over the next two decades, said its chairman.
- Boeing, Airbus expect soft landing
- Airlines keen on Sonic Cruiser: Boeing
- Six near-misses a month reported at UK airports
- Concorde may resume flights in Sept
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| JUNE 18, 2001 |
- High court: Customs not owed deference
In a closely-watched import case, the U.S. Supreme Court ruled Monday that courts are not obligated to defer to Customs Service classification rulings.
- West Coast port interests to address congestion
A coalition of importers, exporters and retailers will meet Tuesday in Washington to consider establishing pilot projects for reducing congestion at container terminals.
- DHL, Northwest in alliance
The link-up will enable DHL to offer faster transit and more delivery options to major Asian cities from the U.S.
- Exporters, Customs meet on drawback
Trade representatives and government officials took a first, tentative step toward resolving some lingering drawback issues.
- Cargo center opens at Port of Tampa
- Subic Bay to add container terminal
- KLM, MAS forming cargo-passenger alliance
- Four pilots arrested in KAL strike
- Cordiem launches B2B aviation services
- London exchange dumps cargo contracts
- Amerijet International opens three Northeast freight drop-offs
- IICL names Hugh Fehrenbach chairman
- O'Neill urges Customs modernization
- WTO pushed on maritime, air talks
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| JUNE 19, 2001 |
- Fresh produce given longer life with new technology
- Hong Kong base for Vanguard
- Intermarine opens Seoul office
- Brennan establishes direct service to Paranagua
- Unisys, Polar Air Cargo provide internet freight data
- CNF to restructure Emery with redesigned network
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| JUNE 18, 2001 |
- Airbus loses TWA and Sabena orders
- KLM and Malaysia Airlines working towards alliance
- Approval of mail joint venture
- Rightfreight name is 'hard to spell'
- Asiana cancels 90 per cent of its flights
- Air Liberte AOM bankrupt
- Delta expects bigger loss
- Italian boss to leave Deutsche Post
- Lufthansa with Boeing in online access
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| JUNE 19, 2001 |
- Nol sets up $ 1 bn mtn programme
- Assocham, USIBC to sign MoU
- Yemen mops up Iraq-rejected wheat consignment
- Steel exports up 9.5 pc
- 3.7 lakh t. edible oil imported in May
- Indian silk fabrics for China!
- Silk goods exports touch new peak
- Euro-ROC withdraws plaints against granite exporters
- Quay cranes collide at JNP CT
- Panel to submit final report on processed food policy in 3 months
- Inflation rate stable
- Maize exports will continue: Minister
- Bengal plans to set up seafood EPZ
- Continue with reforms in agriculture sector, stresses Assocham
- CVA programme for knitwear exporters
- 35 foreign direct investment proposals for Rs 373 crore cleared
- Transfer pricing APA introduction may be delayed
- Banks to mandatorily quote PAN after April 2002
- Forex reserves up by $ 88 million to $ 42,912 million
- Tax laws portal launched
- Global coffee conference planned in Bangalore next year
- Disinvestment Dept’s Website
- Guidelines for extension of E.O. period up to March 2002 under EPCG Scheme
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| JUNE 18, 2001 |
- Fujairah spot prices down more than cargoes
- Procurement service of ship fuel to be digitised
- Mixed reports over OPEC crude oil production
- Slow week-start in Asian markets despite $20 drop over the past month
- South European markets start week firmer
- Gas oil cargoes to South Africa after refinery fire
- Fuel oil barge sinks off Singapore
- UN might give up "smart sanctions" proposal, oil prices softer
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| JUNE 19, 2001 |
- Swedish Club Academy
- Port of Århus
- Finnair
- Samskip
- The NSA: hitting above its weight
- Welti-Furrer transports art benches
- Swiss logistics providers pave the way
- SSC: guest speaker Josef Felder
- Successful year for BLG
- Crimean economic delegation visits Welz
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| JUNE 19, 2001 |
- EL records 480% volume increase
- Iberia adds fourth
- R211-million budgeted for Coega Development Zone
- DUTY CALLS!
- Fuhai adds vessels
- KLM increases flights
- Capespan scores supermarket coup in Hong Kong
- 'Durban is more than adequate'
- Is Coega a good idea?
- Japan's yen for citrus attracts SA fruit
- 'Long-term Coega is a natural hub'
- 'Rather focus on productivity at existing ports'
- 'What about environmental issues?'
- 'Who will pay for intermodal connections?'
- 'We were transparent'
- Port and rail slated
- Automotive logistics in focus
- Marine pilots reflect diversity
- RB coal terminal gets R600m facelift
- For the record
- Madagascar raises import levy
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| JUNE 18, 2001 |
- Port of Portland greets ANDL's new containership providing direct vessel service to South Pacific
- Port of Seattle honored for program to prevent pollution at Shilshole Bay Marina
- Canadian railroad invests $36 million to enlarge intermodal yards in Chicago, Calgary and Toronto
- Port of Tacoma spends $80,000 on project to make earthquake repairs at Building 9050
- Hyundai orders 5700 container vessel for Asia-Europe service in 2003
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| JUNE 19, 2001 |
- P&O Princess on tide of nostalgia with onboard Hollywood classics
P&O Princess Cruises is hoping to cash in on the phenomenal success of this summer’s runaway Hollywood box office success, Pearl Harbor, with a new cruise trip that pays homage to key battles of th...
- NOL lines up $1bn in bonds
NEPTUNE Orient Lines is undertaking a major refinancing which could see Singapore’s national shipping company raise up to US$1bn through a bond programme partly devoted to its ambitious expan...
- No fireworks at Statoil’s Oslo and NYSE debut
Statoil made a sedate debut on the Oslo Stock Exchange yesterday, after a NKr151bn ($16.13bn) flotation. It was followed by a parallel listing in New York, in what is Norway’s biggest privati...
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| JUNE 19, 2001 |
- P&O Trans European met en service son centre logistique de Duisbourg
Lord Jeffrey Sterling, le président du groupe maritime et logistique Peninsular & Oriental (P&O), a pris en service un nouveau centre logistique sur le nouveau terrain d’entreprises Logport du port rhénan de Duisbourg. Ce centre constitue la première partie d’un plus grand projet et sera dans une première phase axé sur le transport routier et ferroviaire. Dans une phase ultérieure, qui ne sera réalisée que dans un an, le centre bimodal sera transformé en une installation trimodale impliquant également le transport via la voie d’eau.
- Heppner récolte les fruits du partenariat à l’international
Le groupe français de messagerie et de logistique Heppner a réussi à sextupler son bénéfice l’année passée à 2,87 mio. d’EUR, son chiffre d’affaires augmentant de 3% pour dépasser légèrement les 300 mio. d’EUR. Sans tenir compte de la cession l’année passée de la franchise DPD, la hausse du CA est même de 13%. Ces résultats confortent Heppner dans sa stratégie d’indépendance: le groupe familial n’a pas l’intention de céder à la mode des regroupements.
- La Sabena en voie de devenir une compagnie régionale
Si la Sabena veut survivre, elle devra être transformée en compagnie régionale. C’est tout ce qu’elle peut espérer et cela n’exclut pas pour autant une faillite éventuelle. Le président du comité de direction Christoph Müller a présenté son plan de restructuration au conseil d’administration hier. A l’heure de mettre sous presse, son contenu n’était pas connu.
- Eurogate cherche toujours un point d’appui au Benelux
Le groupe Eurogate, numéro trois mondial (mais numéro un européen) dans le secteur de la manutention de containers (parmi les exploitants de terminaux indépendants), continue à étudier la possibilité de s’implanter sur le marché du Benelux. Le groupe, né de la joint-venture à 50/50 entre l’opérateur hambourgeois Eurokai et son concurrent brêmois BLG, a traité l’année dernière un trafic global de 7,66 millions de TEU, en hausse de 20,5% par rapport à l’exercice précédent (1999 a été la première année d’activité d’Eurogate). Mais sous l’effet de la concurrence accrue et de son impact sur les tarifs, le chiffre d’affaires n’a progressé “que” de 11,6% (de 580,89 à 648,50 millions de DEM)
et le bénéfice net de 4,4% (de 40,22 à 41,99 mio. de DEM). Exprimé en part du chiffre d’affaires, ce bénéfice net a reculé de 6,9% à 6,5%.
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| JUNE 18, 2001 |
Maritime Contract News
- FGH Signs Master Shipyard Agreement With Noble Drilling
Breaking News
- Nordic Empress Guests Flown To New York
- Silver Whisper Is Christened In Genoa, Italy
- FGH Signs Master Shipyard Agreement With Noble Drilling
- SembCorp Brazil Wins $149M Offshore Contract
- Bergesen Sells Tankers
- NOL To Raise $300M
- Fire Cuts Cruise Short
- Bangladesh Gets Fifth Frigate
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| JUNE 18, 2001 |
- Stelmar fixes out former Osprey tankers
US stocklisted debutante Stelmar Shipping is busy integrating its newly acquired product tanker fleet.
- VLCCs line up for the breakers
Two more VLCCs appear to have been earmarked for demolition.
- Big John tells SEC size matters
Frontline's hunger for VLCCs and suezmax tankers remains unsated.
- Last chance looms for compromise in subsidy row
The European Union and South Korea will meet again next week to seek a deal over shipbuilding prices.
- Marine travel agents get together
Clyde chief to be new International Marine Travel Group chairman.
- ENSCO launches $130m share buy-back
The Dallas offshore shipowner wants to combat the dilution of its stock caused by benefit plans.
- Bergesen pockets $117m on VLCC sales
Norwegian owner seeks new tanker deals as opportunistic approach to market pays up.
- Frontline grabs more Bergesen tankers
John Fredriksen's Frontline and Tankers International partners are buying Bergesen again.
- ICTSI $400m richer after ports sale
The Philippines terminal operator will use the proceeds from selling eight ports to clear debts.
- Crew abandoned by Korean owner
Desperate seafarers struggle to survive after nine month wait for pay onboard vessel in Malaysia.
- Reith back at Lloyd's
High flying underwriter Martin Reith to head new AIG syndicate.
- Profits double at Essar Shipping
Indian shipping firm reaps the rewards of continued strong Atlantic suezmax market.
- Grounded ship spills oil off Greece
The small tanker Vassiliki damaged a tank when it grounded en route from Athens to Kalamata.
- NOL unveils fundraising plans
Neptune Orient Lines is cashing in on low interest rates to come out with its much-rumoured plan to raise cash.
- Presidential reshuffle at Crystal Cruises
NYK's Los Angeles-based cruise arm appoints Gregg Michel as new president.
- Ingalls cruise newbuild runs into trouble
The first cruise ship to be built in the US in 40 years is over budget and behind schedule.
- CSFB upbeat on Hyundai
Orders up $471m last month as investment bank issues bullish forecast on Korean shipbuilder.
- Nordic Empress hit by fire
Earnings hit again at Royal Caribbean as a third ship in its fleet is forced to cancel cruising operations.
- Pumping begins on Indonesian tanker
Salvors have begun removing cargo from the chemical tanker which sank between Malaysia and the Singapore.
- Noble Drilling backs FGH
Troubled US shipbuilder has signed a master shipyard agreement with US drilling rig operator.
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