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| SEPTEMBER 21, 2001 |
Shipping News
- UK registry wooing tonnage with legal, financial measures
ERODED by a 20 year drift towards flags of convenience and a reputation for being a tough regulator, the UK Registry is now aggressively rebuilding its once proud fleet by luring Britain's booming maritime community back.
- A tribute to Bill Fallon, Port of New York veteran
- HK eliminates double taxation for shipowners
- New intermodal terminal for Sydney
- Tanker sinks off China coast after collision
Air and Land Transport
- Airlines, banks, lessors hit by falling plane values
LAST week's attacks in the United States have driven down the value of the aircraft that airlines use as loan collateral, potentially driving financing costs up and profitability down, experts said.
- Lufthansa delays sale of 7-year bonds
- Hainan Air orders 21 jets
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| SEPTEMBER 21, 2001 |
- Brennan expands Pacific Islands service
- Massive reefer order from P&ON
- Georgia Ports Authority names claims manager
- Forwarders optimistic
- Three new vessels added to Green Express
- Europe joins US aviation misery
- August figures for Cathay show weakening cargo market
- Malcolm Armstrong joins ATA
- St Paul delays runway opening
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| SEPTEMBER 20, 2001 |
- 7.000 out at British Airways
- 20.000 or more out at American Airlines
- 20.000 out at United Airlines
- Delta urges Congress
- Lufthansa expects loss
- KLM capacity cutbacks in October
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| SEPTEMBER 21, 2001 |
- Shipping Ministry forms committee
- Leather exporters fear loss of $ 50-m business
- Decision on lower import tariffs for 50 Pak items stalled
- India mounts major trade expo in Brazil
- Govt considering move to replace TAMP with Appellate Authority
- ICD-Gurgaon emerges as major transit point
- Govt to chalk out plan to boost textile exports
- MoU signed for pineapple agri-export zone
- Centre gives in-principle nod to 2nd airport at Navi Mumbai
- Customs insisting on value cap on formulations despite exemption, complain exporters
- Govt to import 4 lakh tonnes urea
- Steel alliance submits formula for local demand, export revival
- Economy projected to grow at little over 5 pc
- Export quota conditions for powerlooms relaxed
- Visaka Ind accorded Export House status
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| SEPTEMBER 20, 2001 |
- New York's bunker market returns to business
- Montreal quiet, fuel oil avails resumed in Halifax
- US Gulf bunkers plummet to 3-week low
- Demand picks up in Gibraltar and Canary Islands
- Volatility continues for crude prices and ARA bunker market
- MGO prices plunge in Piraeus, down in Istanbul
- Tallinn & St. Petersburg bunker markets
- Strong demand reported in Great Belt region
- Gas oil prices fall in Italy after a week of gains
- AG cargo/bunkers down by $2.50 today
- Singapore bunkers corrected lower, buying returns to 'normal'
- Montevideo/Alpha Zone bunker market update
- Korean suppliers report slow week
- Japan avails in order, demand slow
- Typhoon approaching Hong Kong, bunker deliveries halted
- ExxonMobil to contribute up to $20m to US terrorist victims
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| SEPTEMBER 21, 2001 |
- ISS and RioMar Agencies: joint venture
- Maersk Sealand stepping up presence in Oceania
- Lykes Lines extends USA-South America link
- Senator Lines: more departures
- China Shipping Group (CSG) goes global!
- Shipping agreement with China in view
- Harmonizing fuel prices?
- P&O: high returns on logistics
- Hellmann for German Armed Forces
- Consignia wants to outsource
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| SEPTEMBER 20, 2001 |
- Cruise lines beef up security
The ICCL says that in the wake of the September 11 outrage, member lines have further increased already stringent security precautions
- EC chides France and Ireland for lax post-Erika port state control
The European Commission is sending reasoned opinions to France and Ireland for failure to comply with the Port State Control Directive that obliges European Union member states to inspect at least 25% of the ships entering their ports each year.
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| SEPTEMBER 20, 2001 |
- Corps puts together team to study Columbia River dredge disposal site
- Boeing puts Sonic Cruiser through wind tunnel test
- Seattle port commissioners vote to boost airport charge
- United announces plans to furlough 20,000 workers as soon as 'practicable'
- Coast Guard sets safety zone around Kodiak rocket launch area
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| SEPTEMBER 21, 2001 |
- Novamar firma accordo con l'Iran
- «Nuovo molo a Trieste»
Nei primi otto mesi dell'anno il traffico è in calo del 5% - Serviranno 500 miliardi
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| SEPTEMBER 21, 2001 |
- Airlines face shutdown
INSURERS are threatening to add to the already overwhelming woes of the airline industry as they reduce third party war liability cover to impossible levels. As insurers seek to reduce thei...
- US military eyes foreign cargoships as war preparations grow
LISTS of foreign flag containerships, ro-ro vessels and tweendeckers are being compiled by the US as preparations begin for a possible military conflict, writes Janet Porter. The US Militar...
- Seascope Shipping clinches takeover of Braemar Tankers
SEASCOPE Shipping, one of London’s leading shipbroking houses, has reached a £7.3m ($10.5m) takeover deal with Braemar Tankers after a year of negotiations. The deal follows Seascope&...
- LevelSeas goes on line ahead of schedule
Onlinechartering platform LevelSeas has concluded its first online fixture ahead of schedule and only hours after it launched its main terms and negotiations software. The fixture was compl...
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| SEPTEMBER 20, 2001 |
- LevelSeas marks new era
- Carnival calms after attacks
- KBC to quit ship finance
- Kværner extends losses
- War would kill Gadani revival
- Mid East braces for box rate hike
- Box ship collides with tanker
- Pan Ocean escapes sale
- Pasminco share trading suspended
- More refugees landed on Nauru
- Third Restis ship arrested
- Petronas recalls families
- Kværner share trading suspended
- Easy Line goes under
- Torm and Gotland swap stakes
- Ikan Tanda cargo dumped
- China expects export decline
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| SEPTEMBER 20, 2001 |
- Aid set for airfreight carriers
Air cargo carriers would get some of the $5 billion that the Bush administration plans to offer airlines in compensation for the shutdown of U.S. airspace last week.
- WTC relief a moving effort
A New Jersey trucking firm is transporting supplies to recovery operations at the World Trade Center.
- EU considers aid for airlines
The EU may approve state aid for struggling airlines.
- FedEx earnings down sharply
The slowing economy hurt results at the express provider, which earned $109 million, or 36 cents a share, in the quarter ended Aug. 31, down from $169 million, or 58 cents a share, in the same period last year.
- Jones Act a bargaining chip in trade talks: AAEI
- ACE funding survives Senate budget vote
- Customs suspends Nafta program
- Bonner confirmed as Customs chief
- Trailer Bridge presses STB on Sea Star
- Tugz seeks hearing on Port Canaveral application
- British Airways cuts 5,200 jobs
- S. Korea-EU in shipbuilding accord
- Logistics.com nets $25M in new funding
- West Coast volume slumps
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| SEPTEMBER 21, 2001 |
- Savoir-faire flamand pour le nouveau complexe d’écluses du canal de Panama?
La Panama Canal Authority est à la recherche de savoir-faire étranger pour la construction d’un nouveau complexe d’écluses sur la voie navigable côté Pacifique. Un consortium franco-belge dirigé par Tractebel, qui devrait bientôt voir le jour, entend proposer sa candidature dans une première phase pour la conception et ensuite pour la construction des écluses. On attend un important apport d’APEC et de l’Entreprise portuaire d’Anvers, qui disposent d’un savoir-faire de taille avec le développement du port d’Anvers en termes de construction et d’exploitation de complexes d’écluses. Panama recevra la semaine prochaine une proposition présentant le concept flamand pour un nouveau complexe d’écluses sur la voie navigable.
- Werf & Vlasnatie et De Dijcker créent Antwerp Bulk Cleaning
Le manutentionnaire anversois Werf & Vlasnatie et l’entreprise de transport routier De Dijcker (basée à Vlierzele en Flandre orientale) viennent de s’allier au sein de la joint-venture Antwerp Bulk Cleaning. Elle sera exploitée à proximité du complexe Rubens (les installations de Werf & Vlasnatie) et sera constituée d’un hall de rinçage pour le nettoyage de camions-citernes et containers ayant transporté des vracs secs non dangereux. L’implantation sur la rive droite de l’Escaut est importante dans ce contexte: aujourd’hui, les transporteurs doivent se déplacer vers les installations sur la rive gauche (ou plus loin encore, à Lokeren ou Hoogstraten) pour le lavage obligatoire des semi-remorques citernes. A partir de l’année prochaine ils ne devront donc plus faire ce trajet inutile.
- Le trafic fluvial se stabilise en Allemagne
Au cours du premier semestre, l’ensemble des voies navigables allemandes ont vu transiter 118,6 millions de tonnes de marchandises, soit 0,5% de moins que lors de la même période en 2000. C’est ce qu’annonce le Statistisches Bundesambt sur base des chiffres provisoires du premier semestre.
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| SEPTEMBER 20, 2001 |
- US containership operators maintaining rates
Containership owners in the US have not imposed a "war risk surcharge" on Middle East-bound cargoes.
- NYSA working out of New Jersey
A new office is expected to be set up within the next 3-4 months.
- Rosneft gears up for tanker ownership
The Russian oil company is lining up a series of domestic newbuildings to ease reliance on charters.
- USCG secures Port of Valdez
The agency has stepped up vessel boardings and harbour patrols.
- Docenave confirms sales
The Brazilian bulker company sells six vessels, with nine remaining in its fleet.
- New York port authority returns to drawing board
The terrorist attacks have changed the agency's $9.5bn upgrading plan.
- MISC courts yards for more LNG carriers
Not content with the six newbuildings currently on order the Malaysian owner wants more.
- LevelSeas flags up first fixture
Bocimar bulker makes a show of itself online.
- Paris MOU pulls in passengerships
Zodiac bulker among August trawl netted by port state control inspectors.
- Tidewater warns of lower earnings
The company shares have fallen to a new 52-week low of $24.55 Thursday.
- French yard mulls return to LNG work
Chantiers de l'Atlantique is making a bid for gas carrier work after a four-year break.
- Carnival posts record returns
Cruise boss Arison says US attacks will have negative short-term effect on business.
- Boxship avoids major damage after tanker clash
Chinese vessel sinks after incident involving Danaos containership off Xiamen.
- Seascope to pay $10.7m for Braemar Tankers
UK shipbrokers put final piece in the jigsaw of their long-running reverse takeover move.
- Kvaerner works to shore up rights issue
Anglo-Norwegian group puts together consortium to guarantee share issue as stock price plumbs the depths.
- Swedish Orient shareholders up stake
Investors Navalmar and Imperial have increased their interest in the Swedish liner player.
- Teekay pursues share buyback
The New York-listed aframax giant's board has approved the buying of 2m common shares.
- George Tsavliris warns on "leper" ships
What happens if a laden VLCC becomes the next Castor asks salvor?
- Seascope swings into profit
Fortunes are improving for the newly integrated UK broking unit.
- HMM on the up, but other stocks suffer
Korean investors are betting on higher tanker rates, while cruise and yard prices languish in doldrums.
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