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| MAY 23, 2001 |
Shipping News
- Help end maltreatment of seamen, SSA urged
THE majority of reputable members of the shipping industry are not doing enough to stop dangerous and exploitative practices by the minority, according to International Commission on Shipping inquiry chairman Peter Morris.
- Star Cruises posts marginal rise in Q1 profit
- Wan Hai now PSA priority customer
- China building e-port in Dandong to streamline trade
- CIG Zhapu joins TT Club
Air and Land Transport
- Boeing confident Japan firms will work on new jet
BOEING Co is confident Japan's biggest aircraft makers will help develop a proposed fast jetliner, as rival jetmaker Airbus Industrie steps up efforts to woo the three companies to its own aircraft project.
- Emirates to order Rolls-Royce engines for new planes
- American airlines' move to raise fares fails to take off
- Air NZ still sees loss: chief exec
- Lufthansa's April passenger traffic rises 4.6%
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| MAY 22, 2001 |
- Houston PA approves Galveston merger
The Port of Houston Authority unanimously approved a merger with the Port of Galveston.
- AAEI to move to Washington
The American Association of Exporters and Importers will relocate from New York to Washington, its chairman said.
- Hapag-Lloyd expects steady growth
The carrier sees less dramatic increases in revenue and container volume than in 2000.
- British Airways narrows loss
Earnings at the world's fourth-largest airline beat most analysts' forecasts.
- LogiGo.com closes shop
- Hills new chair of China group
- Port of Sacramento retains consultant for expansion plans
- Target Logistics opens Japan office
- STB queries NS on shop closure
- UPS Fritz purchase to close this week
- India withdraws import restrictions
- U.S.-Mexico "fast" ferry proposed
- Lufthansa, pilots go to arbitration
- ZiLOG selects FedEx as global carrier
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| MAY 23, 2001 |
- CSX deploys giant shore crane
- Congestion surcharge at Nigerian ports
- Paranagua added to Lykes Lines service
- Indonesian ports floundering
- Cathay cargo sees April slump
- IOC makes Swissair "preferred carrier"
- Danzas nets fish forwarder
- European airlines make commitment on customer service
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| MAY 22, 2001 |
- BA up on positive results
- LogiGo.com filed for suspension of payments
- Maersk Sealand to Start Oceania Service
- ECT goes to court after new actions
- P&O Nedlloyd optimistic
- KLM to sell stake in Braathens to SAS
- Losses in road transportation due to expensive diesel
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| MAY 23, 2001 |
- CMA-CGM’s net profit surges to $ 95 m - ...reaches objective of being major player
- ... to re-enter SA trade
- Atlantic Container Line launches new weekly roro service to West Africa
- ... takes delivery of post-Panamax ships
- Shipping execs see good times ahead, notes TSA
- P&O Nedlloyd, Unicorn expanding direct services to Angola
- China Shipping appears in top 5
- Mammoth vessel heads from South Korea to Angola
- P&O Nedlloyd’s new 6,800-TEU vessel named
- EMTA sets up Israel section
- OOCL adds instant rate data on website
- ECU-Line offers fortnightly calls to Kinshasa
- Evergreen signs deal with Holt for US East Coast facility
- Houston, Galveston ports to merge
- MC Shipping posts $ 8.8 m profit
- NYK Line offers condensation protection
- Cosco adds second Halifax service
- "K" Line America relocates hq
- PTP hits 1-million TEU mark in 571 days
- Wan Hai Lines signs Terminal Service pact with PSA Corporation
- Lykes brings on new vessels
- Hanjin, "K" Line join hands to operate JTX service
- CMB net profit rising
- Panama Ports orders RTGs
- Clipper Elite starts liner service
- US firms keen on tie-ups with Tirupur knitwear units
- Gems team leaving for SA to tap roughs supply sources
- Coir industry can regain lost market of hop yarn
- Soyameal exporters to tap Europe with non-GM products
- Sugar exports may continue as usual despite monsoon
- S. India’s tea exports rise on US demand
- Export/import transactions come to virtual halt at Jawahar Customs
- Notification on port-of-entry curbs withdrawn
- Talks to end Chennai Port strike inconclusive
- VPT’s IT project likely by July
- Tuticorin-Howrah rail link urged
- At helm of IMC Transport & Infrastructure panel
- Shome panel moots scrapping of sops on direct taxes
- No import surge to warrant entry curbs: DGFT
- Higher barriers if imports spurt, assures PM
- UAE keen on participating in Andhra airport project
- Govt notifies revised FDI guidelines
- Amendment to Sugar Development Fund rules likely
- $ 50-bn export target for textile industry
- States averse to decentralised grains procurement system
- Steel policy draft to be ready soon
- Internet kiosks will mushroom in India, says US report
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| MAY 22, 2001 |
- Rotterdam activity picks up with slightly softer prices
- Korea/Singapore market update
- Firmer prices in Brazil
- Strike closes Corinth Canal for 5th day
- Rotterdam opens steady and quiet despite Wednesday 'deadline'
- Singapore prices softer this evening
- Mixed avails in Piraeus, prices firming
- Stronger buying interest in Korea as prices ease
- CGES warns of 3rd quarter oil squeeze
- Chavez: OPEC will not increase output
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| MAY 22, 2001 |
- Inland shipping freight market, week 20, 14th/18th May, 2001
- DFDS Tor Line contracts for three large ro/ro ships
- TNWA: one million boxes
- TT-Line on the up
- Intermarine commissions fifth vessel
- Bremen: first private enterprise port
- Changes at SAS
- Restructuring of Transamerica in Germany
- New wagons for Swiss rail
- New Rail Logistics award
- Rynart in Hungary
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| MAY 23, 2001 |
- Evergreen gains new chairman in shake-up
TAIWANESE container shipping giant Evergreen is undergoing a top management reshuffle including a change in chairman at Evergreen Marine Corp. Industry sources say Capt S Y Kuo is taking up...
- Officials see light at end of (short) economic tunnel
Finance officials at federal and state level gave upbeat reports yesterday on the state of the US economy. Treasury secretary Paul O’Neill said its rapid unraveling had ended and cond...
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| MAY 22, 2001 |
- TMN seeks foreign partner
- Baltimore channel re-opens
- Bilbao boosts links with Brazil
- Spain bids to raise profile
- Tirrenia to get off with a caution?
- Monti will not lift CGT limit
- Sampo courts Storebrand
- Maersk eyes-up Greek ports
- Carlsson slams tanker age limits
- Maersk SL launches ANZ-America link
- Brazil power curbs will hit shipping
- Greenpeace lobbies Canal chief
- MMA staff mount indefinite strike
- Hindustan seeks repair capacity
- India develops seafarer database
- ECT strikes take new turn
- MBO at Cammell Laird (Gibraltar)
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| MAY 22, 2001 |
- Losses starting to melt away at Nomadic
The Norwegian reefer owner is slowly moving in the right direction as markets improve.
- Swan sees the light
Newly restructured Swan Reefer Inc saw its net earnings more than double in the first quarter, but remains cautious.
- Bergesen profits soar
Norwegian owner Bergesen is forecasting strong returns this year.
- HMM and Hyundai Motor settle shipping dispute
The two former Hyundai subsidiaries have resolved their differences over shipping costs - for the time being.
- Borrowing on hold at Djakarta Lloyd
Indonesian owner's debts rule out further loans, according to president commissioner JE Habibie.
- Canada Maritime and OOCL in boxship order
The container lines are teaming up on new tonnage for Montreal-Europe trade.
- Shinwa turns negative to positive
The Japanese tanker and bulker owner beat its own forecasts in the year to 31 March.
- IHI returns to the black
Order influx plus weak yen sees Japan's Ishikawajima-Harima Heavy Industries make a profit.
- Daiichi reduces losses
The Japanese bulker player slashed its deficit last year and is predicting a profit in 2001.
- Jiangnan wins train ferry order
Shanghai yard inks first ferry newbuilding deal.
- Hyundai companies give up voting rights in Hynix
HMM and Hyundai Heavy are giving creditors more power to help debt-ridden computer chip firm.
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