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| AUGUST 22, 2001 |
Shipping News
- Sri Lanka prepared to post US$50m risk guarantee
SRI Lanka's deepening port crisis appears set to ease as the Sri Lankan government is negotiating to post a guarantee of up to US$50 million in exchange for a massive cut in the war risk premiums by London-based underwriters.
- Amsterdam Seaports predicts record year
- M'sian seamen seek to form union
- ICTSI chalks up profit due to sale of foreign ops
Air and Land Transport
- NZ govt to decide on Air NZ ownership options by Sept 4
THE New Zealand Government will announce its decision on ownership options for Air NZ by its Sept 4 deadline as Cabinet prepares to debate a key advisory report next week.
- Lufthansa to increase flights from Tokyo
- Macquarie Bank to invest more in European airports
- American Airlines cuts commissions for travel agents
- Concorde may be certified airworthy by end of month
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| AUGUST 22, 2001 |
- Port of Los Angeles' July report for cargo containers
- TMM appoints new general manager for sales
- Evin's Shanghai office moves
- BNSF teams up with NS
- Cosco invests in Singapore trade
- Sydney imports down while export trade delivers growth
- Accolade for Lim
- United provides only non-stop flight from the US
- ALPA refutes Emery's claim of no disruption
- CAPA urges higher safety standards for cargo flights
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| AUGUST 21, 2001 |
- Danzas, Panalpina and Schenker join Inttra
- Journal of Commerce sold to Commonwealth
- 14 per cent fewer Volvo trucks delivered
- Rail traffic Trieste-Austria up 20 per cent
- UAL to India
- Airbus order in China
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| AUGUST 21, 2001 |
- Bunker prices from Russian ports
- Bunker prices for Brazilian ports
- US supplies might fall, crude oil rises for second day
- Dispute over Piraeus gas oil specs
- Crude oil rose on news that storm might affect US stocks
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| AUGUST 21, 2001 |
- Inland shipping freight market, week 33, 13th/17th August, 2001
- Exel for Rhodia
- Bathside Bay? «Okay!»
- Mertert breaks into the logistics business
- Logistics share prices in free fall
- Asia-North Europe
- Europe-Latin America
- Europe-Mediterranean
- Europe-West Africa
- Europe-Indian subcontinent
- Hamburg Süd intent on cutting costs
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| AUGUST 21, 2001 |
- Conrad reaches agreement with Hidalgo
Conrad Industries, Inc. says it has entered into a "transition agreement" with William H. Hidalgo.
- Tug order for Blount Barker
Blount-Barker Shipbuilding signed a contract with Sea Wolf Marine of Bayonne, New Jersey to build a 2,400hp, 85 double chine, all welded twin screw tug.
- Sydney commuters face loss of high speed ferries
The New South Wales Government has raised a new solution to accidents on a popular peak hour ferry servicet. It has raised the possibility of scrapping the high-speed commuter ferry within three years.
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| AUGUST 22, 2001 |
- Eurotunnel calls on French courts to shut refugee camp
EUROTUNNEL has called on the French courts to shut down a refugee camp situated near to its French terminal. According to the company, the camp - located at Sangatte - contains a...
- Under pressure
CP Ships was yesterday tipped to become a takeover candidate in the anticipated liner shipping shakeout after an inauspicious debut as a listed company. The Canadian carrier’s stock be...
- Cotesworth & Co suspends underwriting
A TOP marine operation at Lloyd’s has fallen victim to two of the biggest events to rock the market - the Petrobras oil rig claim and the failure of UK-based Independent Insurance. ...
- P&O Stena rewarded for stopping stowaways
THE Home Office has rewarded P&O Stena Line for the strict security measures it has introduced to prevent illegal immigrants from entering the UK at the south coast port of Dover. The fe...
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| AUGUST 21, 2001 |
- Lanka relieved as premium slashed
- Durban box terminal closed
- Hanjin sub-contractors up in arms
- Clarkson and Univan split up
- Fast ferry slump hits Austal
- P&O chiefs urged to quit Colombo
- Oz crew cert deadline alert
- ENZA offers sweetener to growers
- Tropical storm hits Yucatan
- Maersk responds to GA declaration
- Call for Columbia dredging coalition
- Half fail Canadian port checks
- Venezuela import curbs condemned
- Colombia's oil output slides
- Consortium mounts India-ECNA link
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| AUGUST 21, 2001 |
- GT Nexus chooses NextLinx for compliance
The trade management software maker will provide trade law compliance screening for the multi-carrier portal.
- America’s taxing trade troubles
The implications of the World Trade Organization ruling in favor of the European Union against America over exporter tax breaks could imperil coming trade talks.
- Millennium Port plans accelerate
A recommendation for the location of the proposed Louisiana port will be made by mid-December.
- C. H. Powell, EcoNovo partner on e-BOL
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| AUGUST 22, 2001 |
- Ziegler reprend Trans Service et Chatel Transports
Le groupe logistique et de transport Ziegler a repris les entreprises de transport françaises Trans Service et Chatel Transports au début du mois d’août. Cettte reprise cadre dans la stratégie de Ziegler de mettre en place l’un des premiers réseaux français pouvant justifier une couverture de l’ensemble de l’Hexagone.
- Le bénéfice d’exploitation des opérations non-postales de Deutsche Post a augmenté de 44%
Le chiffre d’affaires de Deutsche Post World Net a augmenté de 6,8% à 16,817 mia. d’EUR sous l’impulsion des divisions Express et Logistics. Le CA de la division Mail a légèrement augmenté, tandis que celui de Financial Services a augmenté de 5,5% à 1,414 mia. d’EUR. Deutsche Post a en outre remporté quelques victoires importantes dans des procédures judiciaires introduites par les concurrents.
- 42% des données concernant le poids des containers sont erronées
Le poids réel des marchandises placées dans des containers qu’on charge à bord des porte-containers, correspond-il effectivement aux données mentionnées sur les documents de transport? D’une étude effectuée à Anvers et à laquelle ont participé la société de manutention Hessenatie, plusieurs agents maritimes (Boeckmans, P&ONL, American Overseas, Star Shipping et le groupe JOS/Joint Overseas Service), il ressort que dans 42% des cas - l’étude a porté sur 23 escales de PC impliquant la manutention de 10.522 TEU -, les informations relatives au poids étaient incorrectes. En d’autres mots, 58% des informations sur le poids communiquées lors de la présentation des boîtes au terminal sont fiables. Cette situation à des conséquences considérables
à plusieurs niveaux, qu’il s’agisse des agents maritimes et cross-agents ou des manutentionnaires et des armements.
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| AUGUST 21, 2001 |
- Genmar shares regaining strength
The tanker company stock has recouped 47% of its losses since hitting an all-time low in July.
- CP Ships sinks in first trading day
The container shipping firm's shares are expected to trade between $21 to $37 over the next 12 months.
- Virgo gets collateral tag in lawsuit
Relatives of fishermen killed in the hit-and-run incident filed lawsuits against both tanker owner and operator.
- New England shipbuilder secures $6.5m deal
The double-hull barge will be the largest ever built in US Northeast.
- VLCC rates soar
Front Lady fixed at WS 60 but rates still need to go higher to ensure profits.
- ADCL boxship sale decision delayed
A Gibraltar court has once again delayed a decision over what to do with seven arrested 1,388-teu containerships.
- Panamax bulk oiler loses ISM certificate
UK port state control inspectors held 19 vessels during July.
- US turns tables in New Carissa lawsuit
Justice Department seeks more than $7m for environmental damages caused by 1999 Oregon oil spill.
- Nomadic plans pool expansion
Talks to cosy up to other reefer owners as more losses revealed.
- Tropical Storm Chantel diverts cruise ships
Carnival and Royal Caribbean changes itinerary for a total of three vessels.
- Clarksons and Univan split
Shipbroker axes first ship management venture, but is keen to try again.
- MISC poised to grow tanker fleet
Malaysia International Shipping Corp is looking to spend its cash.
- Wilh Wilhelmsen eyes car carrier prospects
Norway's Wilh Wilhelmsen's interim figures show improvement but its second quarter results are down.
- Container volumes lift Ports of Auckland
New Zealand's largest port firm saw a modest rise in profits on the back of an 8% growth in container traffic.
- General Maritime makes it nine out of ten
The New York-listed tanker firm has taken delivery of the Genmar Endurance from Sovcomflot.
- Conversions boost Russian yard
Earnings boom as inland shipyard Krasnoye Sormovo keeps busy.
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