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| JULY 1, 2002 |
Shipping News
- NOL-APL remains keen on mergers, acquisitions
NEPTUNE Orient Lines remains interested in merger and acquisition opportunities and supports greater consolidation of the container shipping industry, says chief executive and president Flemming Jacobs.
- No profit if freight rates don't rise
- Evergreen won't change decision to move to PTP
- Keppel yard given preferred status by FPSO fleet owner
Air and Land Transport
- EVA, Dragonair to gain most from Taiwan-HK pact
TAIWAN's EVA Airways and Hong Kong's Dragonair are set to benefit the most from a new air pact on one of Asia's most lucrative routes, but any significant boost to profits will take time to seep through.
- Online booking site to help SilkAir's ticket sales
- Swiss airline forecast to break even next year
- Melbourne airport plans to raise fees
- Swiss airport to test face ID software
- Gulf Air confident of turnaround in 3 years
- Security go-slow at Orly disrupts flights
- Log Book
Features
- US airlines wary of federal loan scheme
MOST major US airlines are steering clear of the historic US$15 billion loan guarantee programme, as they do not want to be subjected to government interference.
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| JULY 2, 2002 |
- PSA fights back: empties get 50pc off, terminal bills 10pc
- Shippers, carriers agree THC could merge with freight rates
- MOL opens Shenzhen branch
- Higher cargo demand, Cathay adds weekly flight to Colombo
- IATA clashes with Japan over Narita's landing charges
- EC renews decision to permit carriers on interline tariffs
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| JULY 1, 2002 |
- EU concerns about Air France and Alitalia
The European Commission has informed Air France and Alitalia that it has serious doubts that their co-operation agreement can be approved in its current form.
- Vopak signs split-off deed
Vopak announced that the noterial deed of split-off has been executed.
- Schenker acquires Anterist & Schneider
Schenker Deutschland AG, Frankfurt am Main, acquired Anterist & Schneider GmbH, Saarbrücken/Germany with retroactive effect from 1 January 2002.
- Commission clears TNT Logistics acquisitions
The European Commission has cleared the acquisition by TNT Logistics, a subsidiary of the Dutch TPG Group, of a 50-percent stake in Danish company DSV Logistic Holding and DFDS Finland.
- SEC orders to certify reports under oath
The Securities and Exchange Commission in New York published a list of 945 companies whose chief executive and chief financial officers are now required to personally certify-in writing, under oath, and for publication-that their most recent reports filed with Commission are both complete and accurate.
- Singapore measures to keep business
In a major shift, the government of Singapore is now open to letting shipping lines run their own dedicated berths, and even allowing new port operators to manage terminals in direct competition with PSA Corp and Jurong Port
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| JULY 1, 2002 |
- A True Worth Index (WTI *@2001) for bunker fuels
- OPEC wants higher annual average oil price
- Tight prompt avails keep prices firm in ARA market
- Augusta still tight but improving as Agip loadings resume
- US West Coast port strike threat lessens as talks continue
- BP says oil demand is recovering, but $25 oil is "unsustainable"
- Oil steady to soft today, looks rangebound on opposing factors
- Rotterdam morning market report from Marine Bunkering
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| JULY 1, 2002 |
- K Line (Thailand) Ltd. Group starts one-stop service for total logistics
- IPBCC: Feeder operators between India and Singapore and Port Klang introduce war risk surcharge
- EMTA Lines to increase BAF on July 15, 2002
- Dakosy (internet portal of the Port of Hamburg) contracts Inttra to provide booking management services
- Safmarine leaves Indamex service
- MSC launches new Mexico/West Coast South America service
- Port of Le Havre joins Customs' Container Security Initiative
- Italy and Romania establish logistics association
- Inland shipping freight market, week 26, 24th/28th June, 2002
- Port of Duluth-Superior reports slight improvement in cargo throughput in May 2002
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| JULY 1, 2002 |
- Marine industry finds problems with security proposals
"The Maritime industry has found specific problems with proposed anti-terrorist legislation" says John Mangels, a principal partner with the Maritime Security Group of Wilton CT
- Cal-Dive unit acquires DP vessel
The specialized, dynamically positioned vessel Seawell is being transferred by CSO Ltd. to Well Ops (U.K.) Ltd., a wholly owned subsidiary of Cal Dive.
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| JULY 1, 2002 |
- Northwest airports to begin federalization process this week
- CP Ships sets price for senior notes/stock shares
- Union Pacific Railroad marks 140th anniversary today
- US steel imports for May down 10.9 percent from April
- Airport group reports North America stays atop global air travel list
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| JULY 2, 2002 |
- Torm eyes Norden in bulker challenge
DENMARK’S Torm, fresh from its Nasdaq listing, yesterday unveiled plans to create a world-class Danish bulk shipping group by acquiring compatriot Norden in a deal valuing the company at DKr873m ($116m).
- Towage and terminals fail to save Smit from issuing warning on profits
SMIT Internationale was forced to reverse a previous profit forecast yesterday, when it warned that results for 2002 had fallen short of earlier expectations because of the underperformance of its salvage and heavylift divisions.
- Unions hold off strike threat as US west coast labour talks continue
US WEST coast ports were freed from the threat of an imminent shutdown yesterday as employers and unions continued to negotiate a new labour agreement.
- Belize puts the boot into first ISM Code offenders
THE Belize Register has struck-off the first wave of vessels for failing to comply with the International Safety Management Code, which came into force universally yesterday.
- New IACS chief Gavin vows greater transparency
MORE transparency and closer relations with leading industry associations are promised by Alan Gavin, who became chairman of the International Association of Classification Societies yesterday, writes Michael Grey .
- Lloyd's List Focus- Maritime security under the spotlight
LLOYD'S List has made the whole maritime security issue one of its highest priorities, and you will find below a number of the articles that tackle this crucial issue.
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| JULY 1, 2002 |
- Busan unveils mega IT project
- Talks on to resolve US ports row
- Le Havre joins US initiative
- Guayaquil dredging finalised
- "Campaign of lies," says Carnival
- Plant closure will hit tanker trade
- Gavin takes charge at IACS
- White House pressures ILWU
- Brazil conversion still in doubt
- JNPT royalty re-negotiation urged
- Ferry routes to link airport/delta
- New IMO safety rules come into force
- SCI bid deadline extended
- Scrapping unions hail Dutch ruling
- Chinese rules worry FMC
- HK terminals won't copy Singapore
- MOL, Iver Ships shelve PT pool
- Japan to cut ‘super-hub’ charges
- French box ports seduce big names
- Tirrenia threatens to sue govt
- IPBCC war risk shock
- Box surcharge for Shuwaikh
- New transport minister for Yemen
- Ferryways doubles Channel capacity
- Port issues ship removal notice
- More helicopter flights to ice ship
- Naphtha bound for Oz refineries
- Polynesia banks on cruise recovery
- MUA demonstrates over Yarra
- Rains bring Alang to a halt
- One hurt in Piraeus bomb blast
- Shipping lines applaud PSA
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| JULY 1, 2002 |
- Deadline today for West Coast talks
Waterfront employers and the International Longshore and Warehouse Union resumed negotiations just hours before the current labor contract expires. • Dems to Bush: Stay outta talks! | L.A. congestion
- Liquidation for Holt Group?
The trustee overseeing the company has asked a U.S. bankruptcy court to order the Philadelphia-based maritime services conglomerate liquidated because the group's companies are "administratively insolvent."
- Singapore offers discounts, rebates
Terminal operator PSA Corp. will cut handling charges for empty containers and offer lines rebates to stave off poaching competitor ports.
- HK-Taiwan deal will boost air cargo
- Torm targets Norden
- China proposes maritime regulations
- Inttra links with Hamburg portal
- AAEI C-TPAT summit
- Overnite rate increase
- Security plan for WCO
- Karachi gets new air cargo terminal
- SembCorp will offer Taiwan logistics
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| JULY 2, 2002 |
- Klaus-Michaël Kühne: “La vente de Schenker à la DB est le fruit d’une pression politique”
Klaus-Michaël Kühne, le président du groupe suisse Kühne & Nagel, estime qu’il existe un lien entre la probable vente du géant énergétique Ruhrgas AG par le gouvernement allemand au groupe E.ON et la vente probable du groupe Stinnes à la Deutsche Bahn. Il a déclaré à Die Welt qu’il soupçonne que la DB a effectué des pressions sur les milieux politiques pour emporter le morceau. Il en veut pour preuve que les groupes de transport et de logistique étrangers ayant marqué leur intérêt n’ont pas eu voix au chapitre.
- PSA (Singapour) consent d’importantes réductions tarifaires pour un an
Il y avait foule pour la célébration à Singapour du 30e anniversaire de la création de l’entreprise de manutention d’Etat PSA Corp, et parmi celle-ci de nombreux représentants de ports étrangers, ainsi que d’armements, dont les services fréquentent les terminaux de ladite entreprise. Ainsi qu’évoqué dans une précédente édition, l’événement était attendu avec beaucoup d’intérêt étant donné que PSA avait décidé de passer à la contre-offensive et partant, de rencontrer les aspirations de la clientèle. Les armateurs présents n’ont donc pas été déçus puisque la direction de PSA Corp a annoncé d’importantes baisses de tarifs.
- Karel Vinck se donne trois ans pour remettre la SNCB sur les rails
Avec Karel Vinck comme administrateur délégué de la SNCB, c’est une grosse pointure qui arrive à la tête de l’entreprise publique fortement politisée et syndicalisée. Il a beau avoir gagné ses galons dans l’assainissement de grandes sociétés comme Bekaert et l’Union Minière, il lui faudra déployer tous ses talents de manager et de négociateur pour remettre la SNCB sur les bons rails. C’est en tout cas un défi de taille qu’il espère relever en trois ans.
- KLM met fin aux vols Anvers-Schiphol
KLM a donc mis fin, après quelque 35 années, aux vols de feedering entre Antwerp Airport et Schiphol. Un trafic de quelque 70.000 passagers par ans. Un coup dur pour l’aéroport d’Anvers, qui attend toujours que le Gouvernement flamand prenne une décision concernant la gestion des aéroports régionaux et surtout entame les travaux de mise en tunnel de la Krijgsbaan. Ne reste plus à Antwerp Airport que VLM qui - quousque tandem? - continue à croire dans le potentiel de l’aéroport anversois.
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| JULY 1, 2002 |
- Torm launches bid for Norden
Torm reveals 30.8% stake as it makes $105m offer for top Danish rival.
- Norden bides its time
Mogens Hugo Jorgensen, Norden's chairman, wants full details of the Torm bid before responding.
- TMM to repay bonds in cash
Repayments in stock would be unfair due to current weak prices.
- Clipper takes full control of Crescent
Clipper will provide funds for Crescent's fleet replacement programme.
- Star Cruises suffers World Cup blow
Cruise ship detained over fire fighting measures in Korea.
- Samsung in talks with Ras Laffan LNG
The Korean shipbuilder is close to sealing $600m deal to build four LNG ships.
- HMM may drop car unit sale price
Wallenius Wilhelmsen Lines may have to cough up only $1.3bn for HMM car carrier unit.
- Bomb blast hits Flying Dolphins office
The alleged bomber was injured during the attack in Piraeus on Saturday.
- Ex-CSL Yarra gets frosty reception
Former Aussie-flagged bulker makes first call in Australia since switch to flag of convenience.
- Korea "regrets" EU subsidy revival plan
Seoul responds to EU deadline over unfair practices and aid for European yards.
- Surcharges imposed on India-Pakistan boxes
Surcharges on cargoes to ports in India and Pakistan despite easing of tensions between adversaries.
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