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| OCTOBER 19, 2001 |
Shipping News
- S Korea to stop registering bulkers older than 20 years
THE Korean Register of Shipping has stopped classifying bulk vessels older than 20 years and is now offering free inspections to US-bound vessels to boost the quality and reputation of its fleet.
- PSA seals virtual terminal deal with Cosco for S'pore services
- Judgement error blamed for Malacca St grounding
- Number of tankers scrapped drops
Air and Land Transport
- British Airways stays out of Qantas expansion plans
BRITISH Airways conceded yesterday that global aviation industry tumult has prevented it channelling more capital into expansion plans unveiled yesterday by its Australian ally Qantas Airways.
- Airbus sees profitability over next few years
- United CEO's warning slammed as scare tactic
- Japan to let airlines keep unused landing slots
- Tough year for US freight firms with lower earnings expected
- LOG Book
Features
- Korean yard to halt shiprepair work by 2005
KOREA'S Hyundai Mipo Dockyard, the world's largest repair shipyard, plans to switch its resources to more profitable shipbuilding and get out of repair operations by 2005, its chairman said.
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| OCTOBER 19, 2001 |
- Maersk acquires part of DSL
- Hamburg Sud expands South America-Asia service
- Japan's Europe cargo volume at a record low
- Wuhan to launch first near-ocean international line
- PDZ Lines launches Myanmar feeder service
- Hanjin celebrates the opening of new Oakland Terminal
- QC launches Mongla service
- Qantas plans large aircraft order
- United in "perish" warning
- Sabena in the clear with EC
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| OCTOBER 18, 2001 |
- Open sky France and US expected
- Swissair is dead, time for a new Swissair
- EU green light for subsidy Sabena
- Deutsche Post kisses EU liberalisation
- Growth P&O Ports
- Schenker with new portal
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| OCTOBER 19, 2001 |
- UK Club orders hikes in premium, cost of reinsurance programme
- When the going gets tough, leather exporters fly to meet importers
- Inflow of cheap Chinese goods hits India-Thailand trade
- DEPB benefit being denied, say exporters
- Gross airfreight for perishable cargo lowered
- 12 pc export target not to be revised: Maran
- 12-man panel to frame 2002-07 Exim Policy
- Commerce Ministry gives in-principle assent to Pharmexcil
- Seven SEZs sanctioned, says Maran
- Buyback norms relaxed
- Govt cargo export norms relaxed
- Crisis management cell in Textiles Ministry being formed - PM to meet Commerce, Finance & Textile Ministers on Oct. 23
- A question of time
- Foreign visitors throng Anuga Food Fair
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| OCTOBER 18, 2001 |
- Falmouth, Great Belt and St. Petersburg market reports
- Antwerp stays competitive with Rotterdam despite tighter avails
- Piraeus IFO380 tight, market still quiet in Istanbul
- Tight avails in Genoa
- Singapore bunker market plummets
- Markets weaker in Gibraltar and the Canaries
- Brent and OPEC crude basket hit 2 year low
- Korean market still bearish as supply outstrips demand
- Softer trend continues in Japan
- Algerian Shipping & Chartering established
- Hong Kong market steady to soft, APEC meeting stops deliveries in Shanghai
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| OCTOBER 19, 2001 |
- Europe/Mediterranean trade agreement (North Europe/Israel Service): war risk surcharge
- China Shipping charters space on Zim vessels
- FedEx cuts fuel surcharge
- Nedlloyd repurchases 5% of its own shares
- Maersk Sealand: new Suez surcharge
- DHL Airways appoints VPS
- Europe/Israel carriers reduce war risk surcharge
- A bridge to Sakhalin?
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| OCTOBER 18, 2001 |
- ABS releases Castor report
The American Bureau of Shipping has now released the report of its investigation into the damage sustained by the Castor.
- Kvaerner in liquidity crunch
The troubled Kvaerner Group today announced that it was finalizing NOK 500 million (approx US $57 million) in short term loan facilities
- Korean ship exports up 30%
Korea's ship exporting business is booming, with a 30 percent increase through the end of September this year.
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| OCTOBER 19, 2001 |
- «Più fondi per gli armatori»
«Pronti a rafforzare i collegamenti intermodali e accelerare sul progetto delle autostrade del mare»
- Costa cambia rotta per aggirare la crisi
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| OCTOBER 19, 2001 |
- ABS sticks to its ‘super-rust’ theory
The American Bureau of Shipping’s technical investigation into damage to the product tanker Castor has confirmed that hugely accelerated corrosion - dubbed ‘super-rust’ R...
- Panama fights back with campaign against seafarers’ licence forgers
PANAMA’S Maritime Authority hopes to introduce advanced new seafarers’ licences early next year in a bid to root out existing forgeries and improve the future security of the country...
- IMO buzzes with talk of TotalFinaElf charges
The corridors of the International Maritime Organisation were buzzing yesterday following the news that the TotalFinaElf oil group and five of its senior executives are to be charged in relation to...
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| OCTOBER 18, 2001 |
- Bolivia set to choose LNG port
- Petrobras tanker aground
- EMTA lines cut war risk surcharge
- Indonesia terminates Daewoo deal
- Brokers waiting to be wooed
- Canada urges 'security perimeter'
- Saudi plans major ports rail link
- SNCM mulls major staff cuts
- Gib hit by Med cruise exodus
- Manila to stage anti-piracy exercise
- Brazil gets new box service
- Hanjin slims workforce
- Piracy attacks on the wane
- Korean yard orders tumble
- Terrorism may lift liners - Peters
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| OCTOBER 18, 2001 |
- Mineta: US needs transport security agency
The Transportation Secretary wants to create an agency within the DOT to handle security for all modes of transportation.
- Zim opens new headquarters
The event took on new meaning since the carrier relocated from New York's World Trade Center just days before the Sept. 11 attacks.
- UPS earnings off
Earnings slid 19% although international volume continued to grow.
- Russia bans Fla. meat amid anthrax fears
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- Millennium project seeking developers
- Arnold Industries buys back logistics ops from Roadway
- Old Dominion chooses Descartes software
- Stinnes unveils Web-based B2B for chemicals
- Kinder Morgan buys Chicago, NJ bulk terminals
- US, France to set "open skies" accord
- Hub Group Canada names Mann director of supply chain solutions
- Royal Nedlloyd continues stock buyback
- Armed marshals for San Diego ships
- Hyundai Merchant Marine eyes corporate split
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| OCTOBER 19, 2001 |
- ECASBA entend faire valoir son point de vue lors du prochain forum de l’UE sur les transports
ECASBA (European Community Association of Ship Brokers) doit prendre poosition dans le cadre du développement du Short Sea Shipping et de la promotion de l’intermodal. C’est important étant donné que la discusion au sein du Forum sur l’énergie et les transport créés en juillet dernier, doivent encore démarrer. Il est donc impératif qu’ECASBA (1) y participe et manifeste une prise de position qui sera élaborée très prochainement de manière à ne pas être placé devant un fait accompli. Telle est une des conclusions qui s’est dégagée de la séance de travail que cette organisation a tenu merdredi dernier à Anvers dans le cadre du congrès de FONASBA (Federation of National Associations of Ship Brokers and Agents).
- DB Cargo plus agressif dans le rail/route via Kombiverkehr
Prenant la parole au cours d’un congrès logistique à Berlin, Bernd Malström, patron de DB Cargo, a déclaré que la division fret de la DB va poursuivre sa politique de suppression des activités non rentables. De plus, des changements seront effectués au niveau de la direction pour faire de DB Cargo une société de transport plus efficace.
- VGL Euro Express BeLux veut tripler sa part du transport international de colis
Jürgen Höfling, directeur de Deutsche Post Euro Express, et Marcel Buelens, manager de VGL BeLux, ont donné un aperçu des mouvements d’intégration des différents segments de Deutsche Post World Net en général et des aspirations de la division express Euro Express en particulier au cours d’une conférence de presse lors de la foire Transport & Logistics 2001 à Anvers. La division VGL BeLux s’est fixée pour but de tripler la part du transport international de colis et de devenir leader sur ce marché. L’entreprise a également présenté une première: Packstation, un projet pilote pour la livraison de colis via un système de coffres dans les stations-services.
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| OCTOBER 18, 2001 |
- Workers' strike to hit St. Lawrence Seaway
The potential strike will freeze vessel traffic in the Seaway on Saturday.
- Bulk carrier partially blocking Seaway channel
Six tugboats failed to move the stranded Nanticoke due to low water level.
- Osprey flies off to Bermuda
John Fredriksen's LNG holding company is to become an investment company targeted on the energy sector.
- General Dynamics' projections seen misleading
The company's chief retracted higher production estimates for Gulfstream business jets.
- Standard Club owners get $9m boost
Blue chip P&I mutual gives a discount but warns that undercalling can not continue.
- End of the line for Newcastle Club
Moves begin to wind-up affairs of 115 year old P&I club.
- Kirby raises share price guidance
The bullish projection is based mainly on the robust performance in first three quarter of this year.
- Lasco finally gets its tanker
Latvian Shipping Co president Andris Klavins is due to sign for the first long-awaited tanker newbuilding.
- Arne Naess's daughter aims for the big time
Singer Leona Naess hopes to follow in footsteps of shipowner dad's ex-wife Diana Ross.
- Star Cruises pulls Japanese sailings
Malaysian cruise line blames terrorist attacks and economic slowdown for decision to quit 18-month venture.
- HMM reassures creditors over group unit ties
Kim Seok Jung, acting chief of Hyundai Merchant Marine, has pledged the owner will sell stakes in affiliates.
- Korea plans ship investment funds
European style funds planned to attract private and corporate cash into ship ownership.
- Swedish Club to hike deductibles
Claes Lindh to crack down on low collision excesses in drive against losses.
- Korean orders fall
Falling boxship demand prompts orderbook decline, with no sign of fresh containerships in sight.
- Stolt-Nielsen targets Dovechem
The Norwegian group wants to make Singapore terminals outfit a subsidiary with partial cash offer.
- Ferries "disappoint" P&O
Foot and mouth disease continued to hit continental passenger and vehicle volumes.
- Banks tide Kvaerner over again
The cash-strapped Anglo-Norwegian group has secured NOK 500m in short-term loans.
- Outlook gloomy for Matson
The US-Hawaii container line faces falling volumes into 2002.
- FSL starts new voyage repair operation
UK south coast commercial shiprepair yard is going after English Channel trade with new mobile unit.
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