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| AUGUST 23, 2001 |
Shipping News
- Shipowners still hopeful of cut in charges at Klang
THE International Shipowners Association remains hopeful transhipment container handling charges at Malaysia's Port Klang can be lowered 'across the board' despite the scrapping of a 50 per cent discount last week.
- Sydney Ports wooing Asia, European investors
- P&O Ports not pulling out of Colombo
- Ports of Auckland H2 profit rises 4.5% to NZ$23.4m
Air and Land Transport
- Seoul transport minister quits after FAA downgrade
SOUTH Korea replaced its transport minister yesterday after the US Federal Aviation Administration downgraded the country's aviation safety rating.
- China Southern, Eastern seen turning in lower H1 profits
- BA, American should be forced to compete on transatlantic route
- Airbus expects China plane orders worth up to US$2.7b
- CAL to buy stake in China Cargo Airlines
Features
- Harder to book, more costly to enjoy
AUS court decision to limit cruises through one of Alaska's key attractions will hit the hip pockets of Singaporeans, local travel agents have warned.
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| AUGUST 23, 2001 |
- MISC and OOCL announce new European co-ordinated service
- INTTRA takes on three more major players
- European Shippers' Council moves closer to Parliament
- MOL Solution christened
- July figures for Cathay show weakening cargo market
- Malaysian forwarders dispute fee
- Boeing vision highlighted at conference
- SriLankan to cut 1,000 jobs
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| AUGUST 22, 2001 |
- GT Nexus and NextLinx join forces
- Bombardier profit rises
- Trucking Safety on the Internet
- Half fail Canadian port checks
- Deutsche Post continues 'succesful journey'
- Broström sees strong freight market
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| AUGUST 23, 2001 |
- Evergreen positioned to introduce 6,500-TEU ships on TPS service - Subsidiary Lloyd Triestino to start China-US service
- Hapag-Lloyd Container Line signs contract to purchase 4 large boxships
- New groupage to serve Rotterdam-Mid East
- OTAL appoints new Marketing Manager
- Boxship rates to rise from Asia to Middle East
- Port of Le Havre trade up in H1
- 14 pc rise in St. Petersburg Big Port throughput
- Hyundai wins $ 800-m ExxonMobil order to build VLCC capacity FPSO vessel
- NYK carries trains for KLIA
- Maersk Sealand container vessel named at Odense
- P&O Nedlloyd changes routes to save $ 1 m
- Kuantan port building dedicated container berth
- Star Reefers, NYK combine fleet marketing, chartering operations to form new JV
- Hamburg Sud’s vessel Cap San Marco sets sail
- Bremen, Hamburg ports chalk up 12 per cent volume growth
- Hitachi to build excavator plant at Rotterdam
- Ship recycling code launched
- Port of Tanjung Pelepas reaches 1-m TEU milestone in just 571 days
- Merger of Hessenatie & Noord Natie cleared
- Samsung rolls out 3,800-TEU ships
- Dredging plans unveiled for Suez Canal
- Genoa Port gets nod for $ 435-m expansion plan
- COSCO Investment posts 66 pc growth in profit in H1
- China Shipping plans major foray into Indian market - South, West Africa service to commence from mid-Sept.
- Basmati export quality norms being drawn up
- Govt prunes wheat export prices
- Colombo port slashes bunkering rates in bid to lure back ships
- JNPT’s two super post-Panamax RMQCs arrive, BUT... - Senior port officials & experts assess damage on a priority basis
- Colombo port war risk premium to be lowered
- Rlys may soon invite BOT tenders for 3 projects
- FDI projects: Ficci lists hurdles at state levels
- Move to limit global steel production
- Govt studying extension of hardware zero duty regime till 2005
- Inflation rises to 5.22 pc
- Agri export zones centered around cluster approach
- Transfer pricing rules to apply only after notification
- Forex reserves spurt by $ 326 m
- Ministry bid to provide umbrella of protection from imports for SSIs
- Fieo chief assures help to cotton yarn spinners, exporters
- Trade Queries Answered
- ICAI to start course on trade laws
- Instt for Logistic Studies planning monthly workshops
- WTC felicitates Dr R. Chandran
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| AUGUST 22, 2001 |
- Steady to slightly firmer markets on the US East Coast
- Montreal avails good, Halifax fuel still s/e
- Demand picked up in Ecuador
- Panama market firming, avails OK in St Eustatius
- Bunker prices for Argentina
- Mixed avails in Fujairah, demand average
- Brazil fuel oil firmer
- Some tight avails and congestion in Suez
- New posted prices for Saudi Arabia
- Demand near 22-year high in the US, crude oil rises
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| AUGUST 22, 2001 |
- Three alarm fire hits storage building owned by the Port of Seattle
- City of Port Angeles looks at marketing port's Oak Street property
- Port of Tacoma Propeller Club will host organization's 75th National Convention
- Port of Tacoma seeks bids on Maersk Terminal site improvements
- Expansion program will update cranes at Port of Portland's Terminal 6
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| AUGUST 23, 2001 |
- Cyprus says collision probe under threat by Canadian police action
CYPRUS has attacked Canadian police for mounting a criminal investigation against a Cypriot-flag tanker following a fatal accident in international waters, writes David Osler. The action of...
- Kvaerner shares go into freefall
KVAERNER’S share price crashed almost 10% yesterday, making the Anglo-Norwegian group vulnerable as a potential takeover candidate. The company’s share price went into freefall,...
- CMA CGM eyes stake in CP Ships as share price flounders on grey market
FRENCH group CMA CGM could be interested in buying a stake in CP Ships if the share price looks sufficiently attractive. Jacques Saadé, chairman of Holding CMA CGM, confirmed yesterday that...
- BHP Billiton more than doubles stake in LevelSeas
CHARTERING giant BHP Billiton is to increase its stake in online shipbroking venture LevelSeas from 2.6% to 5.7% and has the option to increase its holding to 10%. It is understood the co...
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| AUGUST 22, 2001 |
- Bankrupt CMR wins new contract
- Broström rewards investors
- ISM needs an audit, says Fairplay
- One dead, 15 hurt in Vigo yard blast
- Gadani breakers enjoy resurgence
- Japanese repair yard goes under
- Call to cut Hong Kong fees
- Canada's Virgo charges 'flout law'
- Shippers to mull tonnage cutbacks
- Valparaiso wins back business
- Rio to host Fonasba assembly
- Malaysia OKs Indonesian ferries
- Transmanche ponders expansion
- Kværner takes $38M hit on rig
- Kolkata plans pension tariff
- P&O is 'fully committed' to Colombo
- Italian ship prompts port protest
- NZ operator sues port company
- Vietnam seeks ASEAN shipping deals
- Now Vlissingen woos Scots
- CP Ships shares recover early fall
- Auckland inland port 'on hold'
- Petrobras looks to local yards
- Inchon scrap berth plan recycled
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| AUGUST 22, 2001 |
- Cho Yang revival doomed?
An auditor's report values the carrier more in liquidation than as a going concern.
- CP Ships shares sink
The line's price was weaker than expected in first-day trading.
- BNSF, shippers to build Houston rail line
The new line would compete with Union Pacific for petrochemical shipments.
- Bush invokes emergency export controls
The President acted after the Export Administration Act extension expired on Monday.
- EXE appoints Lackey CTO
- FAA OKs paperless inspection manuals
- Descartes reports loss, names Galle president
- Malaysia port adds box capacity
- El Al opens Sri Lanka air cargo
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| AUGUST 23, 2001 |
- Cobelfret poursuit sa diversification dans le secteur des containers
Cobelfret poursuit sa politique de diversification dans le domaine des containers avec la création récente de la filiale Cobelfret Containers. Cette société de travail doit permettre au groupe de poursuivre son déploiement dans l’activité porte-à-porte intra-européenne et plus particulièrement entre l’Europe continentale, le Royaume-Uni et l’Irlande, une zone maritime où Cobelfret occupe une position de marché enviable.
- Les ventes mondiales de Volvo Global Trucks ont régressé de 14%
Volvo Global Trucks, qui comprend Volvo Truck, Mack Trucks et Renault V.I., a vu son nombre de livraisons régresser de 14% à 91.872 unités au cours des sept premiers mois de l’année. Sur le marché des poids lourds d’Amérique du Nord, la situation est carément dramatique. Le nombre de livraisons y a chuté de 38% à 21.904 unités. Sur le marché européen, le volume de livraison a baissé de 4% à 58.448 unités.
- Anvers est désormais accrédité pour le café arabica
Le 11 juillet dernier, le marché à terme du café de New York (NY Coffee, Sugar & Cocoa Exchange) accréditait officiellement Anvers comme port de livraison du café arabica. Cette décision ne fait en réalité que confirmer une situation déja bien établie. L’année dernière, de par la croissance du trafic de café, le port scaldien était déjà devenu le numéro un en Europe. Cette consécration permettra cependant de faciliter le développement du trafic de café brut. Anvers est déjà accrédité par le marché à terme de Londres pour le café robusta. Pour le port scaldien, la position acquise dans ce secteur est d’autant plus importante qu’il s’agit d’un trafic impliquant dans les domaines de la manutention et
du traitement à la fois un travail intensif et une importante valeur ajoutée.
- CP Ships: la mutation de l’actionnariat à commencé
N’aurait-il pas été préférable de reporter quelque peu l’opération d’introduction en bourse de CP Ships, une des divisions du conglomérat Canadian Pacific, et d’attendre une situation economique et boursière plus propice? La première journée de cotation du titre CP Ships a porté sur l’échange de 10.000 titres à la bourse de Toronto au prix de 17 CAD par titre, alors que les pronostics faits précédemment pour l’introduction en bourse faisaient mention d’un prix de 21 CAD. Sur base de ce cours de l’action, la valeur de cette entreprise se situerait au niveau de 850 millions d’USD... alors qu’en juin dernier, la valeur comptable de CP Ships était annoncée à 1,1 milliard d’USD, soit 51,15 mia. de BEF.
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| AUGUST 22, 2001 |
- Docenave seeks more container ships
The company's container shipping volume is projected to rise by 20% in 2001.
- Idling Ocelot Max to cost Enterprises
Fifteen of the company's 17 reefer vessels are currently in lay-up.
- Iron ore woes hit US fleet
The ore slump in July offsets record months for coal and stone shipments.
- Trico Marine feeling the heat
US labour union gathers support from oversea unions for its ongoing dispute with the marine service company.
- Samsung share price sinks to new low
Fears over the impact of the stronger won send share price to 12 month low.
- Solvang interim profits jump
Norway's Solvang has had a profitable six months but the last three have been looking less stable.
- Salmonella "under control" says captain
Inspectors are due onboard a cruiseship where a quarter of the passengers have been sick with food poisoning.
- Pegasus completes bond restructuring
Nicos Peraticos can take the night off after formally wrapping up his marathon junk bond refinancing.
- Solstad Offshore grows business
Norway's Solstad Offshore is bullish on its third quarter prospects as its fleet expands.
- MISC sees profits inch up
Malaysia International Shipping Corp's LNG earnings expected to mask weaker bulk and liner returns.
- Austal inks Egypt fast ferry deal
Contract provides breakthrough for Aussie catamaran fast ferry builder in the Red Sea region.
- Profits slump at Kvaerner
US economic woes hit group's second quarter figures, as shipbuilding performs in line with expectations.
- Brostrom profits jump
Sweden's Brostrom is using an expanded fleet to improve its prospects, although rates are on a downward path.
- Daewoo wants to buy Daedong Shipbuilding
Korea's second largest shipbuilder is keen to acquire neighbouring yard, but creditors may have other ideas.
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