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| AUGUST 27, 2001 |
Shipping News
- We are trying to ease Lanka crisis: London underwriters
UNDERWRITING giant Lloyd's has spoken out against accusations of profiteering and rate fixing by its members in the Sri Lankan port crisis.
- Singapore and Manila sign sea safety MOU
- New APL ship to ply Red Sea route
- Collision off Danish coast: steering failure to blame
- Lloyd's Underwriters firmly support Sri Lanka business
Air and Land Transport
- Colombo drops airport landing charges
SRI Lanka has announced further concessions to attract foreign airlines to the country's only international airport in Colombo which was hit by a devastating Tamil Tiger rebel attack last month.
- Seoul set to adopt new law to improve aviation safety
- Auckland Airport's H2 gain may rise 15% on more visitors
- Pakistan airline aims to buy new planes
- Qantas to retire 6 Boeing 747s
- Log Book
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| AUGUST 27, 2001 |
- Carrier to revise, extend Americas service
- OTAL takes on MTA
- OMNI appoints Ocean-wide
- Pacer inks JV with Gilbert West
- Airborne restructures finance
- Support for Chicago Mayor's O'Hare development plan
- America West names Douglas Parker chairman and CEO
- Boeing may buy China Airlines' Airbus fleet
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| AUGUST 24, 2001 |
- Hutchison half year volume up
- Sabena pilots to go on strike again
- Less air freight in Frankfurt
- Qantas strikes Boeing 747s
- SAS: prospectus is correct
- BA-American oppositions of rivals remains strong
- Smit international focuses on core activities
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| AUGUST 27, 2001 |
- SCI plans to acquire 10 more vessels
- MoS identifies 100 sites for developing facilities to handle coastal cargo
- Steel exports up 4.8 pc
- India’s almond imports seen rising by 10 pc
- Shellac exports rise by 46 pc in Q1
- Pak may open trade doors to India
- Indo-Aussie trade volume will double, says Consul-Gen
- Strategy to protect SSIs from dumping worked out, says Minister
- Sethusamudram project feasibility
- HPCL to set up SBM at Mundra Port
- London insurance officials to review Colombo port safety in 3 months
- Delhi to Chicago non-stop in 14 hrs - courtesy United Airlines
- 3 Japanese majors to help Boeing on Sonic Cruiser
- Final assembly of A318 started
- Qantas Reports $ 218.4 m Profit After Tax
- Flemming Ipsen to head Maersk Air
- Air Cargo, Logistics Assn join forces
- Western Arya Logistics offers total logistics solutions
- Advisory group on tax policy for scrapping concessions
- Most actual inflow of FDI in transportation sector
- NCAER projects 5.6 pc GDP growth for 2001-02
- Transfer pricing rules notified
- Technology modernisation fund under study
- Ficci welcomes transfer pricing rules
- Law Ministry refers Competition Bill to House panel
- Assocham: Implement transfer pricing rules only from April 2002
- More HCT students arrive for CII programme
- New representative organisation of textile industry to be formed
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| AUGUST 24, 2001 |
- New weekly global averages
- Fuel oil firmer in Santos
- US refiners to start returning crude oil to SPR
- Cargo of sunken Iraqi oil tanker to be removed
- Firmer markets in Seattle, Portland and Vancouver
- Quiet markets on the US West Coast
- Crude oil continues its rise on high US demand and low stocks
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| AUGUST 24, 2001 |
- Fishing boat accident claims life of lone occupant
- DOT makes final decision in code-share arrangement with Vietnam
- Port of Astoria accepts bids on pair of contracts
- Weekly rail freight traffic continues to slow from last year
- Maersk Sealand interactive service available to third party websites
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| AUGUST 24, 2001 |
- Lines return to Colombo
Major shipping lines have begun trickling back after insurers reduced war-risk premiums.
- Santos to remain in public hands
Despite calls for privatization, Brazil will transfer control of South America's largest port to regional government.
- Revived Daewoo yard eyes acquisition
Korea's world-beating but financially troubled shipbuilding sector may be facing the kind of sharp consolidation that transformed Singapore's yards over the last several years.
- Tugz sets new fleet for Fla. port
- APL adds to Mid-East fleet
- Fireman’s Fund offers online marine services
- Webb named Gulfport interim director
- Maersk N. Americas unit ISO certified
- Hamburg sees first-half box record
- Kaohsiung upgrading logistics
- Okinawa a Taiwan-China airbridge?
- Eight more carriers file for Colombo surcharge
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| AUGUST 24, 2001 |
- Higher liquidity boosts B+H Ocean Carriers' ratings
The Bermuda-based company also benefits from an improved product tanker market.
- Torm revises profit forecast upwards
Profits in the first half jumped from DKK 34m a year ago to DKK 410m.
- Yang Ming's profits dip 37%
The drop was blamed on artificially bullish 2000 results propped up by profitable ship sales and investments.
- FESCO gets huge 'internet' bill
A Russian-owned containership has fallen foul of Australia at an unexpected cost to its owners.
- Cyprus sees red in Virgo probe
The criminal investigation of Cypriot-flagged Virgo should be handled by the state flag.
- Swire inks Pan-United anchor handlers
Singapore owner adds to offshore vessel orderbook with two ships at domestic yard.
- Maersk signs with MarineProvider
Moller subsidiary does a deal with Frontline and Fearnley backed e-commerce venture.
- Srab screws up
Propeller trouble drives Swedish owner into loss.
- Latvian Shipping revives tanker buy
Riga-based owner expects green light to inject more modern tonnage into its fleet.
- Sverre Tidemand bids for Belships
Offer to buy out minority shareholders but no plan to take company private.
- Neorion Shipyards swings into the black
Stocklisted Greek yard turned around its fortunes in the first half of this year.
- Tokai Kisen interim losses worsen
Financial losses at the Japanese passenger ferry firm were almost double those seen twelve months ago.
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