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| JANUARY 26, 2001 |
Shipping News
- Daewoo looks to turn around to profit this year
[SEOUL] The shipbuilding unit of South Korea's troubled Daewoo Group said this week it expects a net profit and more profitable orders in 2001 as it charts a new, independent course.
- Fate of Castor remains unknown
Air and Land Transport
- Aircraft industry worth US$200b a year: report
[WASHINGTON] Military and civil aircraft manufacturing, combined with revenue from related services and financing, contributes US$200 billion (S$346 billion) a year to the world economy, a US forecasting company said.
- Boeing 777 under study after claims of dizziness
- Atlas Air CEO Chowdry dies in plane crash
- Continental, Northwest object to TWA sale
- Nissan to build new Micra in Britain, says report
Features
- Big airlines quash competition, says study
MILLIONS of travellers pay huge premiums to fly routes where big carriers have little or no low-cost competition, according to US government studies that also found major airlines are using their size and muscle in an apparent bid to drive smaller competitors out of business.
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| JANUARY 26, 2001 |
- Atlas Air founder Chowdry killed in plane crash
The founder and chief executive of the air cargo company and a passenger were killed Wednesday when the private airplane he was piloting crashed near Denver.
- TPG, Wallenius, Autologic in bid for Renault subsidiary
Autologic, a British car distribution company is joining forces with TNTPost Group (TPG) and Wallenius Wilhelmsen in a bid to take control of the transport and logistics operation of Renault, the French automaker.
- Mexican railroads to invest $300M in 2001
The country's rail privatization continues to pay off as carriers commit to improved infrastructure.
- GF-X inks marketing deal in Japan
Global Freight Exchange, an Internet-based exchange service for air carriers and forwarders, announced that it has signed a marketing and sales agreement with Cargo Community System Japan Co.
- Wallenius Wilhelmsen makes Baltimore its North Atlantic hub port
- Complexity among rail dot-coms deepens
- Vastera shrinks operating loss, pushes revenues up 138% in 4Q
- Declining freight crimps earnings growth at CSX
- KLM, Alitalia may revive partnership
- Demand for all-cargo aircraft to triple in Asia-Pacific
- Winwood stays the course at Customs
- Malaysia's Johore eyes wider air cargo role
- Senate confirms Mineta as transport secretary
- New Orleans port chief Ron Brinson to step down next year
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| JANUARY 26, 2001 |
- PSA's Voltri terminal achieves 50 per cent growth
- Name change for MSAS
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| JANUARY 25, 2001 |
- Oil companies and airlines in jet-A.com
- PaperExchange partners with Schenker
- South-Africa no longer popular in Europe
- Evergreen-ceo wants 20 4000 Teu ships
- Christian Salvesen to buy Spanis company; To sell in Germany
- Scania holds close to 100 percent of Beers shares
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| JANUARY 25, 2001 |
- Piraeus sees continued good demand
- Some product tightness in Genoa, Augusta OK
- Big price spread continues in Istanbul
- Happy days in Gibraltar
- Rotterdam remains badly congested, Antwerp a bit better
- St. Petersburg bunker market report
- MaritimeDirect faces legal action over debts
- Chemoil Purchases Shares of Galaxy Energy
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| JANUARY 25, 2001 |
- Atlas CEO Chowdry crashes his plane
- New locomotives for KEG
- US shippers want «different» rail policy
- People think rail
- New DBAG trackage price system in April
- Penske acquires Rollins
- NL: fuel costs eat up profits
- Öre Sound crossing gets cheaper
- Ökombi: success despite «differences with ÖBB»
- Profitable Polzug
- Baltrans : logistics project in Shenzhen
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| JANUARY 25, 2001 |
- WQIS increases coverage on oil spills
WQIS announced an improvement of its water pollution liability products. Responding to requests from assureds, the brokers that represent them, and interests from the U.S. government, WQIS is increasing the available limit on certain oil spills to $10,000,000.
- Increased earnings for RCCL
Royal Caribbean Cruises Ltd. today announced a 16% increase in net income to $445 million in 2000
- MIllennium in dry dock for motor repair
Royal Caribbean's Celebrity Cruises announced yesterday that it will place its ship Millennium in dry dock for two weeks to repair an under-performing electric motor
- Graham promoted to VP of Litton Ship Systems
Litton Industries today announced the promotion of Dr. Clark "Corky" Graham to the newly established position of vice president, resource utilization and productivity improvement of Litton Ship Systems
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| JANUARY 25, 2001 |
- Evergreen America announces plan suspend Portland calls
- TSA member shipping lines will put new rate program in place
- BNSF says quarterly earnings are down six percent over last year
- Crowley Liner Services adds fourth Ro/Ro ship in Florida trade
- Columbia/Willamette response teams dedicate new mobile command unit
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| JANUARY 26, 2001 |
- Ancora un rinvio per affidare il terminal di Livorno: vicina la gara internazionale
Fumata nera per Darsena toscana
- Porto Marghera, varata la società per i servizi logistici alla siderurgia
- E l’Italia prepara i contributi per rottamare le unità più vecchie
- Entro aprile l’Imo fisserà i tempi della messa al bando delle vecchie navi cisterna a scafo singolo
Petroliere, è in arrivo lo stop
Parte anche il conto alla rovescia per la nuova normativa internazionale sulle ispezioni di sicurezza
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| JANUARY 26, 2001 |
- Court cash blow for Cho Yang
CASH-strapped Cho Yang Shipping could be forced to provide a hefty bank guarantee to the European Commission after losing a crucial court case.
- Atlas Air founder killed in fighter crash
Shares in the world's third largest air cargo carrier, Atlas Air, fell 12% in early trading yesterday following the death of its 48 year old founder, Michael Chowdry.
- CMB lifts 'friendly' stake in Clarkson
Belgian shipping company CMB has lifted its stake in Horace Clarkson, the world's largest shipping group, to almost 15%.
- OOCL hopes to link up CargoSmart and Inttra
HONG Kong-based liner shipping company Orient Overseas Container Line hopes to link its portal, CargoSmart, with Inttra, the portal initiative in which its Grand Alliance partner P&O Nedlloyd is a founder member.
- ABP attacks planning process
ASSOCIATED British Ports has issued a scathing attack on the UK's planning process and its underlying environmental legislation, which the operator said constrain crucial economic development and hamper efforts to address ecological concerns.
- Espo members asked views on sector reform
EUROPEAN Sea Ports Organisation's newly elected president David Whitehead plans to hold extensive consultations with members over EU plans to open up the sector.
- Paal Wilson to cut stake in Actinor
PAAL Wilson, 97.59% shareholder in Oslo-listed Actinor Shipping, is understood to be working on a restructuring which will reduce its shareholding to below Oslo's "negative veto" level of 33.3%.
- The Alfons Hakans tug Zeus
The Alfons Hakans tug Zeus, pictured alongside the salvage crane Roland, was used in a project to right the capsized feeder boxship Janra in the Baltic Aland Islands.
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| JANUARY 25, 2001 |
- Castor 'tow-runner' identified
- Jessica 'mistook Galapagos signal'
- ITF sues for Flare families
- Camshaft-free engine passes tests
- Commodore’s legal troubles grow
- Concordia reaps its reward
- Philippines plans shipping exchange
- CSL bullish on Asia
- Guascor wins investment funding
- Actinor plunges deep in the red
- More hitches hit Castor discharge
- Pakistan plans liquid terminal
- Oosthuizen takes over at Capespan
- Dubai hub for new ferries to Iran
- Survivor rescued from coaster
- More problems for Millennium
- MaritimeDirect faces legal action
- CN cuts Chicago transit time
- Chennai congestion charge imminent
- Sri Lanka calls in Cosco
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| JANUARY 25, 2001 |
Maritime Contract News
- Exmar, Mitsui OSK Team To Buy LNG Tankers
Breaking News
- Moody's Downgrades Cammell Laird
- Offshore Rig Gas Leak Kills Two
- Captain Takes Blame For Galapagos Grounding
- Panama Canal Partially Blocked By Spill
- Litton Names Graham VP
- RCL Profits Rise, Shares Fall
- Exxon Snags Single Hull Tanker Charters
- Coverage of Exel Started
- Crude Flows Again At Ceyhan
- IHC Caland Cut
- Pirates Thwarted In Tanker Takeover Attempt
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| JANUARY 25, 2001 |
- NYK plans share buy back
The Japanese shipping giant is buying back its own shares.
- MISC faces Aqaba spill fine
Malaysian ship operator faces financial penalties for polluting Jordanian port.
- Celebrity's Millennium out for two weeks
Troubled cruise ship hit by further technical problems.
- D'Amico teams up on product tankers
Italian owner D'Amico is pooling its newbuildings with existing partners Maersk and Seearland.
- Panama Canal blocked
Oil spill leads to detention of Andriaki tanker.
- UK detains 13 ships
Elderly Greek ship held for 12 days.
- ETA focuses on resales
The Dubai shipowner senses the price may soon be right to move for panamax bulkers.
- DFDS aims for early LISCO deal
Danish shipping group hopes to buy Baltic ferry routes by mid-February.
- MaritimeDirect faces debt action
The company behind shippingjobs.com is threatening legal action over unpaid bills.
- ITF repatriates Enchanted Capri crew
The seafarers union has foot the bill to send 230 crew home in its largest ever action of this kind.
- Jessica master and crew held
Ecuadorian prosecutors have are in the Galapagos to interview the Jessica's crew.
- Actinor slides into the red
Swan Reefer write-downs knocked back year-end results for Norway's Actinor Shipping.
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