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| JANUARY 24, 2001 |
Shipping News
- Kunsan port starts its first regular container services
SOUTH Korea's Port of Kunsan has begun regular container shipping services, the first in its 102-year history, and already intends to expand the initial effort.
- PSA Marine commissions two tugs
- Finnish port workers strike
Air and Land Transport
- Cathay expects to fill fewer seats this year
[HONGKONG] Cathay Pacific Airways, Hongkong's dominant carrier and an Asian bellwether, estimates fewer seats on its planes will be filled this year as growth in air travel cools amid slowing demand.
- Hongkong, India renew air pact
- Boeing goes all out for US$600m deal from Cyprus Air
- Southwest Airlines to stop San Francisco flights
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| JANUARY 25, 2001 |
- Cho Yang restructures All Water Pendulum connection
The carrier will shift its commitment to the United Alliance service linking Asia, the U.S. and North Europe to focus on trans-Atlantic routes.
- Hanjin to launch new US Gulf service
The carrier's long-awaited entry into the North Europe/U.S. Gulf trades will operate under the name of America Gulf Europe service (AGE).
- Lykes plans expanded trans-Pacific service to SE Asia
The carrier will serve ports in Thailand, Indonesia, Malaysia and Singapore via feeder service.
- Canadian National earnings jump 11%
The rail carrier's fourth-quarter income rose to C$237 million (US$155 million) from C$213 million (US$140 million) in 1999.
- Senate confirms Mineta as transport secretary
- Logistics software provider ShipChem nets leading chemical exchanges
- CN cuts 24 hours from Chicago-Vancouver intermodal schedule
- AES Direct passes 1 million SEDs
- Crowley adds fourth sailing between Florida and C. America
- EGL cuts 300 jobs after negative earnings forecast
- Norfolk Southern charges hit fourth-quarter earnings
- Montreal posts higher earnings, expects surge in container volume
- Customs amends reconciliation process
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| JANUARY 23, 2001 |
- Mixed year for Kobe
- Third JEFC rate hike in past year
- Berth extension for Gorontalo
- Notification reminder for users of Singapore Port
- Evergreen establishes joint venture in Malaysia
- PTP more attractive to truckers
- Descartes expands senior management team
- Varig and TAM merger weigh-up
- Lufthansa surcharge surprise
- Beijing-Tianjin merger
- BAR and CX welcome approval of new incentive scheme
- Sri Lanka back in Indonesia
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| JANUARY 24, 2001 |
- Pilots show success UnitNet/RCC
- Trans-Pacific carriers stick to rate increases
- US wants more profitable tax scheme
- Rail groups talk about pan-European freight service
- Independent investigations needed in transport accident
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| JANUARY 25, 2001 |
- Plan to divest 40 pc in SCI being finalised
- Licences to export 7,137 tonnes of coffee granted
- Export prospects for diamond-studded gold jewellery hold promise
- Global sugar outlook ‘positive’
- Floriculture exports blooming
- Sugar exporters hope to sell 1 m tonnes by Sept.
- Cabinet to take up Port Trusts Act amendment proposal soon
- Petronet LNG awards Dahej EPC contract to IHI
- India-Bangla railway freight train service set rolling
- DGFT issues circular on bank guarantee: EPCG licences
- SC: Playing cards, printed cartons excisable goods
- India proposes 5-yr period to cut farm sops
- Exports of communication software may increase by 20 per cent
- Forex reserves swell to $ 40.35 bn
- GoM clears Sica repeal
- CST changes seen aiding UCNCC mechanism
- Govt launches national programme for organic production
- ECGC, D&B launch website to benefit exporters
- IGCC conference in Jaipur
- Centre’s terms for highway conversion
- Mauritius PM invites Indian investors
- Noida toll bridge to start operations from Feb. 1
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| JANUARY 24, 2001 |
- Mexican bunker prices this week
- Brazil: Fuel oil softer, distillates gain $30
- Dublin and Cork bunker prices steady
- Ample inventories in the Suez Canal
- Short term tightness in Fujairah, Kuwaiti prices competitive
- E-hiccups examined at IBIA and Infospectrum joint bunker conference
- International Bunker Conference - Greece 2001
- API say crude stocks fall
- Iraqi loadings at Ceyhan on the increase
- New Saudi posted prices + commentary
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| JANUARY 23, 2001 |
- First Sulzer common-rail engine passes official shop test
Wärtsilä Corporation has announced that a Sulzer 6RT-flex58T-B, with common rail fuel injection has successfully completed its official shop test.
- Carnival and ABB in Azipod settlement
Carnival Corporation and ABB Industry Oy, Marine Group have reached a settlement regarding a malfunction in the propeller bearing system of one of the Azipod propulsion units that occurred last July on Carnival Cruise Lines' cruise ship Paradise.
- Commodore still working on reorganization plan
Commodore Holdings Limited announced that its securities were delisted from the Nasdaq National Market effective January 22, 2001.
- OMI takes over newbuilding contracts
OMI Corporation is acquiring shipbuilding contracts for two Suezmax tankers to be built by Hyundai Heavy Industries Co., Ltd.
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| JANUARY 25, 2001 |
- Do you need customs duty info?
- Green paper stalls further AP Møller investment
- Mkwanazi releases funds for Durban revamp
- Local shippers cotton on to Emirates' online facility
- Kien Hung plans West Africa service
- Maputo toll excludes freight from concessions
- Safari adds Thailand ... and stays weekly
- Economist predicts 3% growth
- Owners settle debt arising from Treasure disaster
- Agoa revs up SA-US motor trade
- Appointments
- Cape Town plays host to VIP
- MOL makes an issue of waste
- Coastguard targets fish poachers
- Loads of cargo booked by email
- Zambia postpones foreign haulier licence deadline
- Cyber criminals rule the range
- Stowaways take advantage of Cape Town's poor port security
- Taljaard hearing stalled again
- Chicken check
- Nigeria explains new tariff
- Search serviceprovides list of duty-free US products
- Ensure you have your vehicles taped!
- SAMBA goes for the gap
- UPS takes over Fritz and Emery
- Rate hikes keep out port storage abusers
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| JANUARY 24, 2001 |
- Pete Campbell retires from Foss Maritime Company after 38 years
- Port Bremerton sponsors trade opportunities in Kitsap luncheon
- Northwest Container opens rail service from Pasco to Seattle and Tacoma
- Port of Portland commemorates MV MOSEL ACE's maiden voyage
- Parsons expands maritime engineering by buying Ogden Beeman
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| JANUARY 25, 2001 |
- O'Neil pledge on ports of refuge
THE "ports of refuge" issue, highlighted recently by the Castor incident, is set to come in from the fringes of debate at the IMO.
- Evergreen mulls plan for 20 fast boxships
EVERGREEN Marine is considering an ambitious project involving orders for up to 20 4,000-teu boxships which would be dedicated to a high-speed, deepsea shuttle service.
- Shipbrokers in tanker venture
Four of London's leading shipbrokers are teaming up in a new freight swaps venture aimed at the tanker market.
- Jacobs sets aside £6.5m for Fastrack failure
UK shipping group Jacobs Holdings has made a £6.5m ($9.72m) provision against its 35.5% stake in a failed UK logistics company, Fastrack, which has called in the administrators, writes Roger Hailey. Jacobs, headed by Michael Kingshott, sold its own loss-making supply chain subsidiary, Ontime Logistics, to Fastrack in November last year.
- Kvaerner workers to fight tie-up with Aker
ABOUT 5,000 Norwegian employees of Kvaerner are threatening to go on strike, launch go-slow and sit-down campaigns, conduct demonstrations, or otherwise create a "lot of noise" if 17.8% shareholder Aker Maritime tries to initiate a possible merger with Kvaerner Oil & Gas.
- The 14,080 dwt CMA CGM Oyapok
The 14,080 dwt CMA CGM Oyapok is pictured in the port of Le Havre on her maiden voyage. The vessel, which is deployed in the Europe-Guyana service of CMA CGM and Marfret, is 163 m long, 22,3 wide and has a speed of 17 knots. The CMA CGM Oyapok has a capacity of 1,162 teu .
- Carriers confident of transpacific surge
CARRIERS operating in the transpacific trades are confident that new tonnage capacity will be largely absorbed by the peak season cargo surge in late summer.
- Master of stricken Jessica arrested
TARQUINO Arevalo, the master of the oil tanker Jessica, an oil spill from which is currently threatening the Galapagos Islands, has been arrested and is in the custody of the Ecuadorian Navy on the environmentally-sensitive islands, Guayaquil-based Lloyd's agent Felvenza reported yesterday.
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| JANUARY 24, 2001 |
- US insecure on port security
- Brokers go forward on freight
- Search launched for capsize crew
- Malta union opposes EU membership
- Yards 'should aim for excellence'
- Port users appeal to new president
- Strikes hit Bangladesh business
- Chennai hit by go-slow
- Argentina gets new repair facility
- Clarksons’ shares hit new high
- CP Ships sets record performance
- Greece checks Joywave bribery claim
- Dubai to develop new box berths
- Shell tanker attacked by pirates
- Valparaiso to sell public dock
- Global tender for German mega-port
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| JANUARY 24, 2001 |
- Dunkerque: IFB France exploite le quai aux aciers via ACIMAR
Tout récemment, le président du Conseil régional du Nord-Pas-de-Calais, Michel Delebarre et le ministre-président de la Flandre Patrick Dewael, lors d’une rencontre à Lille, mettaient en exergue la volonté de coopérer sur le plan portuaire. Cette coopération est déjà bien réelle, du moins à en juger les développements qui se manifestent dans le port de Dunkerque où des intérêts belges sont particulièrement actifs. Ainsi, le groupe Inter Ferry Boats, filiale de la SNCB s’emploie à remettre ce port français dans la mouvance de la grande containérisation et y développe d’autres activités dans le secteur de la manutention.
- Ostende: l’amélioration de l’accès au port va de pair avec la protection du littoral
Si le calendrier prévu est respecté, le front maritime d’Ostende aura une toute autre allure d’ici la saison d’été de 2003. Une plage sera aménagée devant la digue maritime actuelle et l’accès au port élargi sera protégé par deux nouveaux barrages en mer en forme de demi-lune.
- La suppression du duty free a fait tomber le CA d’Eurotunnel de 5% en 2000
Eurotunnel a vu son chiffre d’affaires consolidé (non audité) baisser de 5% l’année passée. Il est passé de 6.55 mia. de FRF à 6,2 mia de FRF. C’est dû essentiellement à la suppression des ventes hors taxes, qui ont fait diminuer les ventes dans la distribution de 59% à 609 mio. de FRF (contre 1.470 mio. en 1999). Le CA des navettes a augmenté par contre de 19%, passant de 2.830 mio. à 3.362 mio. de FRF, essentiellement grâce à la hausse très sensible du trafic de navettes fret, le trafic de voitures ayant baissé. Les revenus provenant des redevances des chemins de fer sont demeurés stables (2.2 mia. contre 2.25 mia. de FRF, soit -1%).
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| JANUARY 24, 2001 |
Maritime Contract News
- Cammell Laird Loses $74M Conversion Contract
- Malta Drydocks Loses $7M Conversion Contract
Breaking News
- Mersey Docks & Harbor Downgraded
- Atlantic Panamax Market Positive
- Ship sales
- Shipbrokers, Oil Brokerage House Form Freight Forwards
- Gullfaks A Platforms Slash Production
- Intereuropa Relaunches Merger Bid
- Colombo Port Expects Volume Boost
- Clarkson Shares Surge
- Galapagos Spill Poses New Problems
- Kvaerner Advised To Not Name New Board
- First Sulzer Common-Rail Engine Passes Shop Test
- E-Commerce Missteps Analyzed At Joint Bunker Conference
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| JANUARY 24, 2001 |
- MOL and Exmar outline gas hook-up
Mitsui OSK Lines (MOL) and Exmar have been explaining their interest in teaming up on gas carriers.
- OMI snaps up suezmax resales
US tanker owner OMI Corp has splashed out $107.6m to boost its suezmax fleet.
- Cammell Laird-Costa row deepens
Cash-strapped shipyard UK yard Cammell Laird is talking to its lawyers.
- Latvia appoints monitor for Lasco sale
Measures are being taken to help smooth out rows simmering over the Latvian Shipping privatisation.
- Brokers launch tanker futures business
Tanker freight futures are being given another run for their money by a new venture.
- Dala Rederi seeks buyer
Nordbanken trys to broker a rescue deal for troubled Swedish tanker owner.
- Galapagos tanker breaking up
The US Coast Guard says the stricken tanker Jessica will be broken up in the current sea conditions.
- Primorsk predicts hot profits
Russian shipowner Primorsk Shipping Corp has made money in 2000's hot tanker market.
- Clarkson talks up 2000 profits
Shipbroker Clarksons says it is in the money.
- SCI plans fleet refocus
The Shipping Corp of India is eyeing the energy transportation sector.
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