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| SEPTEMBER 2, 2002 |
Shipping News
- Jurong Port secures two liner services
JURONG Port has secured two new liner services, including a brand new alliance container operation, in its ongoing challenge to build box traffic.
- Hapag-Lloyd interim profit dives 90%
- Samudera's H1 container business dives into the red
- Ship ploughs into Istanbul restaurant
Air and Land Transport
- Virgin Blue plans multibillion dollar expansion: Branson
BUDGET carrier Virgin Blue is mulling a major expansion involving 40 new aircraft and new international routes.
- THAI to spend US$523m to buy 3 planes by 2005
- Asian airlines check fuel pumps after US warning
- Cathay expects to start China flights in Q1 2003
- US air marshals detain unruly passenger
- Swissair '98 crash draft report out next year
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| SEPTEMBER 2, 2002 |
- TSA carriers extend peak season surcharge to October
- Rickmers names new MD ahead of Pearl String service rollout
- CP Ships completes deal on ice-strengthened box ships
- UPS redefines box shipments, launches ocean service
- ANA drums up business with receipt of first all-cargo aircraft
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| AUGUST 30, 2002 |
- NYK might buy Amsterdam terminal
Japan's NYK Line has expressed interest in Ceres container terminal in Amsterdam.
- CP Ships purchase of 4 ships
CP Ships closed on its purchase of four ice-strengthened containerships, which were previously bareboat chartered. The closing price was $181.5 million.
- Intermodal Traffic US high
Intermodal traffic on U.S. railroads reached its highest level in almost two years during the week ended August 24, the Association of American Railroads (AAR) said.
- British mail license for Deutsche Post
Deutsche Post Global Mail, a subsidiary of Deutsche Post World Net, was granted a license for the delivery of mail in the UK by the British regulator, Postcomm.
- 'Final offer', United said
United Airlines has made a 'final offer' to the unions to accept sweeping wage cuts as part of its efforts to gain a $1.8 billion loan guarantee from the US government.
- UPS-employees approve contract
UPS employees represented by the International Brotherhood of Teamsters have approved by a wide margin the new six-year contract negotiated in July 2002.
- Loss for Evergreen, recovery predicted
Evergreen Marine Corporation (Taiwan) Ltd has revealed a post-tax loss of NT$377,054,000 for the first half of 2002, largely as a result of the depressed state of the global container shipping market.
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| SEPTEMBER 2, 2002 |
- Essar Shipping to partner AMA in SCI stake bid
- Change of guard at Maersk India - Hans-Ole Madsen takes berth as Tomas Dyrbye sails out
- Concerted global response needed to tackle ballast water problem: Vedprakash Goyal
- United Liner Agencies wins coveted ISO 9001:2000 Certification - Award simultaneously for all shipping-related activities
- Vanaspati, acrylic yarn from Nepal exempted from extra customs duty
- TPT may go in for JVs to draw more cargo traffic
- Record was set in monsoon month - Capt. Ramesh Khare
- NSICT handles 1,03,846 TEUs in August ’02 - Saga of success continues with yet another record & benchmark
- 50-kg jute bags for sugar packing
- RBI relaxes bidding norms for export firms
- Export strategy for services sector on anvil, says Commerce Ministry official
- IMF projects slightly higher growth at 5.4 pc for India
- Ranganathan committee formed to get Navi Mumbai SEZ going
- Synthetic, rayon textiles exports up by 27 pc in Q1
- Foreign Trade Analysis: Current Policy & Procedures
- IMC-MEDC to hold meet on core sector policy
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| AUGUST 30, 2002 |
- Daily Bunker market report from Praxis Energy Agents
- ExxonMobil warns on challenge facing bunker barge industry
- Temporary bunker berth closures in Durban
- Richards Bay replenishment on its way
- Saudi Arabia vs rest of OPEC at September meeting?
- All quiet in Africa
- Rotterdam firmer after strong crude close last night
- Conoco-Phillips merger approval close
- Norway refinery unrest
- US West Coast and Pacific Northwest market review
- US Gulf avails a little squeezed ahead of holiday
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| AUGUST 30, 2002 |
- C-TRAT opens to intermediaries
- BNSF goes online
- APL Logistics expands European management team
- Scania boom in Syria - 100 trucks delivered since January
- IPBCC lines to increase BAF
- Gulf Air transfers London Heathrow cargo department to Pace Airline Management
- Wallenius Wilhelmsen increases CAT investment to 40%
- Frans Maas reports net profit of EUR 5.7 million in first half year 2002
- Airbus A318 performs first flight with CFM International Engines
- Sloman Neptun's profits fall
- Inland shipping freight market, week 34, 19th/23rd August, 2002
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| AUGUST 31, 2002 |
- Bollinger/Incat vessel shows its paces
An innovative cat proved its worth in recent war games
- Ingalls negotiating for rig job
Ingalls Shipbuilding is seeking a dredging permit to allow it to work on an offshore rig project
- VLCC commended for rescue
The Marshall Islands flag VLCC Osprey has been commended for a courageous and successful rescue
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| SEPTEMBER 2, 2002 |
- Bow Eagle officer ‘hushed up’ fatal collision
An inquiry has heard how an officer on the bridge of the Bow Eagle thought "everything was okay" after the Odfjell-operated chemical tanker was in collision with a French trawler.
- Stolt-Nielsen in major fleet renewal exercise
The stainless steel vessels will be between 19,500 dwt and 32,000 dwt and, in terms of capacity, essentially represent a like-for-like replacement exercise.
- ABP’s Dibden Bay sums do not add up, claims industry study
THE economics of building a new container terminal at Southampton are being challenged in a major study of Britain’s ports industry, published at the weekend.
- First-half losses turn Evergreen a deep shade of red
Taiwan’s Evergreen Marine Corp has, as expected, joined the ranks of container shipping giants reporting a first-half awash in red ink.
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| AUGUST 30, 2002 |
- Trouble flares again in Venezuela
- Louis moves towards management
- Jessica case crawls on
- Customs detains bulk honey cargo
- SCI bids in by end-September
- Short-sea benefit from glass plant
- Shanghai bids to stay competitive
- Russia to sell state holdings
- AWB talks to W Australian ports
- Rail boost for Italian ports
- Algerians assess liner launch
- Korea tackles ship deficiencies
- Zimbabwe refuses food aid shipment
- MISC considers Pelepas calls
- Call to guard ships with troops
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| AUGUST 30, 2002 |
- Capacity crisis as Asia demand soars
Ocean carriers are turning away cargo bookings for United States and Europe destinations amid strong peak season demand.
- Evergreen Marine loss in first half
The Taiwan carrier became the latest casualty of the weak global container shipping market, reporting a post-tax loss of $11.04 million for the first six months of 2002.
- Hapag-Lloyd expects later recovery
The German container shipping line forecasts better second-half results on strengthening freight rates for cargo shipped out of Asia.
- WTO trade penalties could hit carriers
- Teamsters ratify UPS pact
- Air cargo share up for U.S. carriers
- Wan Hai, Trans-Pacific Lines in talks
- Cathay files for China flights
- Suit alleges misuse of maritime union funds
- Danzas launches Hong Kong charters
- Volga-Dnepr flies trains across Atlantic
- Petrobras appoints Africa hub agent
- India House hosts Manhattan exhibit
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| AUGUST 30, 2002 |
- ABC offloads another four capesize
Sammy Ofer's Zodiac cleans up outstanding stakes in more P&O bulkers.
- Eidsiva sinks into the red
Norwegian owner hopes to turnaround business with new car carrier deals.
- Box woes devour Evergreen's profits
Taiwanese giant becomes latest container line to post weak results in first half.
- New York ferry victory for Lighthouse
Ferry operator wins right to use site for new service between Stamford and Manhattan.
- Stolt Offshore receives accounting boost
Shipowner's first half net profit increased by $1.4m after tax rejig.
- Louis Cruise Lines nudges losses lower
Cyprus-based cruise company still finding the post-September 11 climate tough going.
- Hapag-Lloyd profits plunge
Volumes up at German container line, but bottom line slashed in weak market.
- Hoegh-MOL confirm final Snohvit LNG ship
Companies hook up TotalFinaElf charter for project's fourth vessel.
- Austral buys New Zealand broker
Clarkson's Australia arm expands its interests and coverage down under.
- Stolt inks seven ships on charter
Chemical tanker giant is replacing elderly fleet units with chartered in Japanese newbuildings.
- Adsteam pulls through
New UK operation boosts Australian towage giant, which is facing increased domestic competition.
- CP Ships completes boxship purchase
Canadian owner finalises deal to acquire four St Lawrence Co-ordinated Service containerships.
- Incat inks TranzRail repair deal
Troubled Tasmanian fast ferry specialist has just begun work to overhaul Cook Strait catamaran.
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