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| JULY 25, 2001 |
Shipping News
- NOL denies rumours it is seeking to buy P&O Nedlloyd
NEPTUNE Orient Lines has dismissed rumours that it is looking to buy container liner company P&O Nedlloyd, saying it is nothing more than an 'old rumour dusted off'.
- OOCL orders two 7,400 TEU ships from Samsung
- EU raps member states over maritime regimes
- UK's maritime services revenue down slightly
- Panama accepts tanker with serious ISM-related problems
- IMO should sign up Gibraltar first
Air and Land Transport
- Colombo's only int'l airport closed after fierce rebel attack
A Tamil rebel attack on Colombo's international airport yesterday has dealt a severe blow to the national carrier, with more than one-third of its fleet damaged.
- BA, Air France to resume Concorde service
- Qantas may still sell travel business to cut costs
- IBM wins US$908m deal to manage Air Canada's computer systems
- Kiley seeks court order to stop UK govt's subway plan
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| JULY 24, 2001 |
- Reality, not Congress, will block Mexican trucks
The lack of U.S. sales networks and costly insurance will likely keep Mexican truckers close to home, a U.S. trucking executive says.
- CN results buck slow economy
The railroad saw second-quarter earnings run slightly ahead of expectations, defying the economic slowdown in North America.
- Montreal cargo volume slides
The slowing economy hit the port's container traffic during the first half of the year.
- Kuehne & Nagel completes USCO buy
The deal creates a company with more than 17,000 employees and 600 offices in 90 countries.
- Modern art can't be 'contained'
- Whoa! Crowley tugs prevent tanker mishap
- BNSF offers perishables guarantee
- UPS Logistics to test automated parts access
- Halter signs barge contract
- P&O proceeds with Port Newark project
- HK rejects open skies
- China Airlines readies Taiwan transshipment service
- Baltimore train fire under control
- Germany to sell remainder of Deutsche Post
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| JULY 25, 2001 |
- Ningbo Southeast sees growth during first half of 2001
- Japanese yards reclaim ground
- CAT goes solo
- Vanguard to represent Conterm Hong Kong
- Swissair refinances, ensures future for Sabena
- Shandong prepares for Olympics
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| JULY 24, 2001 |
- German state to sell Deutsche Post
- Maersk don't want further Medcenter stake
- EU to postpone Sabena investigation
- No Open skies USA and Hong Kong
- Bax Global bought Austrian forwarder
- CMB pessimistic about 2001
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| JULY 25, 2001 |
- Ship design Centre branching out
- Miracle Shipping opens office in Tuticorin - Witnessing a year of rapid growth
- Correspondence course in Shipping Management at Vadodara
- Shipping lines to ignore TAMP order on MbPT THC reduction - Stevedores body seeks new THC ceiling
- PIB clears SCI’s move to purchase two tankers
- Chennai feeder operators scrap congestion levy
- Hyundai posts strong interim results, optimistic on cargo traffic
- CMA-CGM to open maritime trade route to Iraq
- ANL launches Tasmania service
- MOL joins Asia-Middle East service
- Maersk Logistics opens USEC distribution Centre
- Maersk Sealand makes foray into container yard ownership
- Port of Colombo stages recovery after 3 years
- APL operates full-service office into Panama to tap strategic market
- Grimaldi takes control of ACL
- Port of Le Havre H1 traffic increases by 4.4 pc
- "K" Line boosts European short-sea trade
- CP Ships lifts operating income in Q2 to $ 39 m carrying more TEUs
- Jurong Port signs pact with Gold Star Line, EP Carriers
- Korea and Thailand ink shipping pact
- UK Club in ‘excellent financial shape’
- New Jinzhou container terminal unveiled
- OOCL to make direct calls at Port of Riga
- Wah Kwong orders VLCC at Hitachi
- Evergreen opens Mediterranean transhipment centre at Taranto
- TMM Lines to offer direct, faster Europe-Mexico transit time
- Psa Corporation launches third port project in China
- New container wharf in Beihai
- OTAL expands into China
- Hutchison eyes bigger stake in Xiamen port
- Canadian team coming on business in Oct.
- Unocal proposes gas pipeline from Bangladesh
- Provisional duty on imports of 2-MNI from China
- Few takers for Indian rice
- Rationalisation of customs duty on metals urged
- Icd-Sabarmati now also handles import clearance of air cargo
- IPAB to expedite trademarks cases
- Sec. 14A of I-T Act to apply only to new cases
- NHAI to draw up priority roads list for govt clearance soon
- Govt to appoint consultants to study 4 industries in 5 S-E Asian countries
- RBI group moots separate guarantee fund for forex clearing
- Rs 2,000-cr infrastructure fund for small-scale sector mooted
- Govt to float global tender for network soon - On-line collection of service tax
- Textiles: India, EU agree on electronic exchange of licensing information
- Govt may amend I-T laws to tax foreign e-commerce firms
- New Tidco Website
- Date of shipment/despatch has different connotations
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| JULY 24, 2001 |
- Congestion feared this weekend in Rotterdam
- Singapore/Korea/Fujairah only slightly firmer today
- Steady to firm fuel oil in most North European markets
- Turkey launches its own bunker industry association
- US heating oil stocks in good shape for winter
- Crude oil little changed as market questions OPEC cuts, awaits US stock data
- Nigeria planning to increase crude oil production in 2003
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| JULY 25, 2001 |
- BAX Global GmbH
- Quehenberger
- Cruisers instead of containers
- A world voyage comes full circle
- Car manufacture: challenge for logistics
- MCL-line strengthens North Africa service
- CEC Lines: new Rouen-Algeria service
- GAL calls at Walvis Bay for Ramatax
- Work begins at Coega
- Above-average growth for Liscont
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| JULY 24, 2001 |
- U.S. military to test Incat heavy cargo wavepiercer
Units of the U. S. Army, Navy, Marine Corps and Coast Guard are to start evaluation and demonstration trials of a chartered 315 foot (96 m) Bollinger / Incat USA wave piercing catamaran.
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| JULY 25, 2001 |
- German bank nabs ADCL ships
THE bank that financed the fleet of 10 containerships owned by Abu Dhabi Container Line has lodged a claim in excess of $200m with the Gibraltar courts. Seven of the ships in the fleet are...
- Royal Caribbean warns Liberian register
ROYAL Caribbean Cruises is reconsidering its use of the Liberian registry, following International Transport Workers’ Federation threats to launch a publicity drive highlighting human rights...
- Maritime lawyer Roque Perez gunned down
THE killing of Panamanian maritime lawyer Roque Perez was a ‘senseless’ crime, according to the proprietor of the country’s shipping newspaper, writes Justin Stares. ?...
- Panama flag urged to clean up its act
PANAMA’S Maritime Authority will lose the respect of the international shipping community if it does not react effectively to recent scandals, according to the president of the Panama Maritim...
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| JULY 24, 2001 |
- Abrupt halt for fast ferry service
- Ocean Glory link with Joywave
- Police called in UK liner clash
- Asean aims to scrap tariffs
- Karachi union to be banished
- India 'must join LNG revolution'
- CSX will partner at Busan
- EU crew shortage 'must be tackled'
- Korean port charges to go up
- Cho Yang bounces back
- Typhoon threat closes Hong Kong
- HPH scorns press reports
- Snubbed AMC seeks new funding
- Daewoo chief found guilty
- AWB launches $197M share issue
- Chennai to hand box terminal to P&O
- Reef pilotage law comes into force
- Polish welders 'imported' into MDD
- Dredging halted at Santos
- Teekay doubles Q2 profits
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| JULY 25, 2001 |
- BAX Global reprend les activités de fret aérien et maritime de Schier, Otten & Co
Le transporteur routier et prestataire de services logistiques Schier, Otten & Co, qui faisait jusquà il y a peu fonction dagent de BAX Global en Autriche, a vendu sa division de fret maritime et aérien à lentreprise de transport et dexpédition américaine pour un montant non spécifié. Lacquisition a résulté en la création de la filiale BAX Global GmbH Austria avec siège à laéroport de Vienne. La nouvelle entreprise disposera également de bureaux à Graz et à Linz.
- Cosco veut créer un réseau logistique mondial dici la fin de lannée
Larmement chinois Cosco (China Ocean Shipping Co.) a annoncé son intention de développer un réseau logistique mondial dici la fin de lannée dans le but de se profiler comme un prestataire de services logistiques. Cest ce qua déclaré Lin Hongbin, le manager de Coscon (une des dizaines de filiales de Cosco et un spécialiste du transport de containers), au China Ocean News. Cosco dispose déjà dune structure logistique impressionante en Chine et aux Etats-Unis, ce qui nest pas le cas en Europe. Cosco suivra-t-il lexemple dAPL Logistics en reprenant un prestataire de services paneuropéen?
- Le problème des clandestins devient très grave Eurotunnel sattend à une baisse du résultat dexploitation en 2001
Le chiffre daffaires dEurotunnel au premier semestre 2001 a été de 2 852 mio. de FRF soit, à taux de change constant, une baisse de 4 % par rapport au premier semestre 2000. Elle était due aux activités autres que le transport, à savoir le commerce de détail et les télécoms. Le CA dans le transport est demeuré au même niveau que lan dernier malgré une relance de la lutte concurrentielle due à la surcapacité apparue à la suite du ralentissement économique et de la crise de la fièvre aphteuse. La perte nette a baissé assez sensiblement. Pour lensemble de 2001, lexploitant du tunnel sous la Manche sattend à une baisse du résultat dexploitation.
Il apparaît en outre que lobjectif de financer en 2002 les intérêts de la dette à laide du cash flow ne sera pas atteint.
- Tractebel intègre les activités de GNL dans une nouvelle filiale
Tractebel LNG est la nouvelle filiale de lunité opérationnelle Electricité et Gaz International du groupe Tractebel, qui a pour tâche de développer davantage les activités en matière de GNL. A cet effet, on pense à la construction de nouvelles installations de liquéfaction de gaz naturel, une plus grande capacité de transport et à de nouveaux terminaux dentreposage et de gazéification.
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| JULY 24, 2001 |
Maritime Contract News
- Clean Tanker Rates Set For Tumble
Breaking News
- S. 1214 Causes Concern For Ports
- Australian Port Bid Pending
- Diamond Offshore Awards $34M In Rig Contract
- SembCorp First Half Down 6%
- Stolt Offshore Inks $135M Shell Deal
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| JULY 24, 2001 |
- RasGas courts LNG shipowners
Shipowners are lining up for yet another LNG newbuilding tender, as yards' orderbooks bulge.
- Tanjung Pelepas sale scrapped
Malaysia Mining Corp has pulled out of a deal to buy a controlling stake in the country's newest port.
- Saudis seek chemical tankers
National Shipping Company of Saudi Arabia is planning a massive investment in chemical carriers.
- Goldman Sachs cuts tanker outlook
Investment bank downgrades OMI, OSG, Teekay and Knightsbridge.
- ShipServ raises $4m
Paul Ostergaard taps existing investors for dot.com's second round financing.
- Choyang gets back on the road
Cash-starved Korean boxship operator Choyang Shipping is gearing up to relaunch its Asian services.
- Lloyd's Register set to sell Rontgen
Stork aims to acquire Rotterdam based X-ray testing pioneer.
- Keppel clinches rig quartet upgrade deal
Singapore offshore yard is to refurbish four drilling rigs in work worth $34m.
- Hutchison's China expansion not over yet
Ports giant Hutchison has denied a report it won't invest in any more Chinese terminals.
- SembCorp interims fail to impress
Singapore's largest repair group saw interim profits slip from a year ago despite a modest increase in turnover.
- Streamlining paying off at TMM
Mexican owner posts modest interim profits, but disposal of unprofitable businesses boosts operating margins.
- New investors sniff round Daewoo
Would-be Daewoo stakeholder Newcastle Heavy Industries may be running out of time to make a play for the yard.
- Teekay books interim profits of $240m
Aframax giant sees strong returns but rate decline cools second quarter figures.
- Search for missing QE2 crew member abandoned
Rescue teams have given up hope of finding a man who went overboard from the Cunard vessel in the Atlantic.
- Uniglory expands Malaysian port calls
Taiwanese liner operator to offer weekly calls at Bintulu terminal in Borneo.
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