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| MAY 3, 2002 |
Shipping News
- Liner groups are charging extra: S'pore shippers
INTERNATIONAL shipping line rate-making conferences are profiteering by overcharging terminal handling charges in Singapore and then unfairly blaming PSA Corporation for the inflated expense, according to the Singapore National Shippers' Council .
- US proposes limits on air pollution from ships
- ICTSI to hire more temporary workers in Brazil port
Air and Land Transport
- Ease airline ownership curbs, EU tells US
EUROPEAN regulators want the United States to ease restrictions on foreign investment in US airlines, and will press hard for that change if a court ruling forces an overhaul of American and European 'open skies' deals, a top European Union official said.
- FedEx seeks strong growth in Asia-Pacific
- Asiana turns around with Q1 profit
- Top Royal Brunei executive quits
- Air Canada Q1 loss up as compensation falls short
- Noise compliant Tupolev plane by 2004
- Air turbulence injures 7 passengers
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| MAY 3, 2002 |
- Hapag Lloyd outpaces market
- Integra strengthens China interests
- Corporate customs a fact of life for Arzoon
- PSA signals further restructure, group president leaves
- CSA sees operating revenue rise 11.2 per cent
- Emirates flies in the face of airline industry trends
- US air cargo figures falls
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| MAY 2, 2002 |
- Boeing signs with CargoLifter
Boeing and CargoLifter today signed a Letter of Intent (LOI) to explore potential business opportunities for the development and use of "Lighter-than-Air" (LTA) vehicles for commercial, military and homeland security applications.
- Hapag-Lloyd up in 2001
In 2001, Hapag-Lloyd Group improved on its result for the previous year.
- Schenker with trade fair marketing portal
At www.schenkerfairs.com, Schenker now provides an electronic pool of information and services
- Deutsche Post operating profit down
Deutsche Post World Net has kicked off 2002 with profit from operating activities (Ebitda) down 6.5 per cent year-on-year at 785 million euro.
- Higher payments for Eurotunnel
The British and French railways have been ordered to pay Eurotunnel the full operating charge for using the Channel tunnel this year.
- Investors unhappy with departure United-ceo
Shares in UAL, the parent of struggling United Airlines, fell sharply in New York as investors reacted with dismay to the board decision to replace CEO Jack Creighton, after he had only reigned half a year over the troubled carrier.
- European states want trucker tax breaks
The 15 governments of the European Union are set to deal the European Commission a blow this week by preventing it from ruling that controversial tax breaks to road haulers are illegal state aids.
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| MAY 3, 2002 |
- 17 pc rise in GE Shipping’s net profit
- Kamino Int’l Logistics posts excellent growth ...holds party to thank customers
- SCI to pay Rs 100 cr. interim dividend to govt
- Delmas Asea starts direct service to F. East/China/Japan & E. Africa ex-Cochin
- Indo-Bangla IWT protocol expires today; CIWTC pleads for extension
- USITC votes for dumping duty on Indian silicomanganese
- India to buy 1 lakh t. vanaspati from Nepal
- Indian yarn weaves spell around Chinese textile exporters
- March export performance presages recovery trend
- Package to make floriculture bloom again soon
- Indian capital goods set to penetrate China
- Exim Bank gets RBI permission to provide lines of credit to finance export of all commodities
- Kerala govt gets going with the task of export promotion effort; sets up EPC
- Apeda to give US a taste of genuine basmati
- Medium-Term Export Strategy for services on the anvil
- Eastern region leather exporters get supplies despite closure of tanneries
- BCC&I, Assocham seminar focuses on steps to combat counterfeiting
- Foreign Trade Analysis: Current Policy & Procedures
- New secretarial appointments
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| MAY 2, 2002 |
- New posted prices in Ecuador
- Market update from the Great Belt and Baltic
- International Petroleum Exchange Reports Record April for Brent Crude futures
- Short term congestion in Gibraltar
- Singapore bunker prices hold firm on tight avails despite softer crude and cargo prices
- Israeli withdrawal pushes oil price lower
- Fuel oil avails tight in Italy, Malta OK
- Korean market a little softer
- Rotterdam market report from Marine Bunkering
- IFO380 avails remain tight in Hong Kong, resupply soon
- Healthy activity seen in Vancouver
- US West Coast market review
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| MAY 2, 2002 |
- BDP enters into strategic purchase agreement with Belgian-based logistics firm, TI
- COSCO introduces new 5,400-TEU containership
- CSX Lines adds third Jacksonville/San Juan, Puerto Rico sailing
- Hugo Boss opens import distribution centre near Port of Savannah
- China Airlines awards Manchester freighter handling contract to Menzies World Cargo
- MSC announces new pendulum service linking U.S. ports with Asia
- TPG fills logistics strategic gap in the Nordics with DSV A/S joint venture
- Italy opens up its rail network
- Balanced results for Paris airports
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| MAY 2, 2002 |
- More pod problems for Celebrity
The next ship scheduled for delivery to Royal Caribbean's Celebrity Cruises, Constellation, is returning to the builder following sea trials to correct a leak in its starboard propulsion pod.
- Conoco completes shuttle tanker design
Seahorse Shuttling and Technology LLC, a wholly owned entity of Conoco, has completed the functional design of a new tanker for shuttling crude oil from the deepwater Gulf of Mexico to shore.
- Key House committee seeks boost for shipbuilding
The House Armed Services Committee (HASC) yesterday voted 57 to 1 to allocate $50 million for the Title XI program and boost the Navy shipbuildfing procurement budget--including providing funding for a new Joint Mission High Speed Vessel
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| MAY 2, 2002 |
- Russian energy company buys control of FESCO
- P&O Nedlloyd places first order with new ship management arm
- American Airlines makes final passenger flight using Boeing 727
- NATCO low bidder for Columbia dredging work
- Teamsters join coalition seeking to block Mexican trucks
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| MAY 3, 2002 |
- Owners defeated in fight over oil spill bills
SHIPOWNERS have failed in their latest effort to block moves that would see them pick up a much greater share of the bill for oil spills.
- Bangladesh bonanza lures ULCCs
PAPACHRISTIDIS has sold two of its ageing ultra large crude carriers for demolition for what brokers describe as a "pre-Bangladesh-budget premium", writes Carly Fields.
- China shippers set to wage war on terminal handling charges
CHINA Shippers’ Association says it is boycotting terminal handling charges in China and threatening legal action against shipping lines that refuse to release cargo when charges are not paid.
- Frontline shares rise on hopes of Iraq lifting oil suspension
Frontline's shares raced ahead yesterday on the news that two ULCC tankers were to be scrapped and on hopes that Iraq would resume oil exports following the ending of Israel's siege of the Ramallah headquarters of Palestinian leader Yasser Arafat (right), writes Tony Gray.
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| MAY 2, 2002 |
- Puerto Bolivar to be privatised
- Special judge to investigate claim
- Carnival suspends cruise
- Odfjell cries foul over port stake
- Crew accused of dumping waste
- Adsteam expects profit shortfall
- Costa abandons Argentina
- Have your say!
- Further woe for Celebrity cruises
- TSL operator to be inaugurated
- Greens angered by emission regs
- Japanese back Chinese over THCs
- Greens take cruise lines to court
- Noble wants ore terminal in China
- US farm bill angers WA farmers
- FOE in $118M H&W write-down
- LNG venture needs more cash
- US to slap tariffs on Korean steel
- Balboa port row set to end
- Bangkok plan would close port
- Seaman killed in ferry fire
- Carriers end bitter dispute
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| MAY 2, 2002 |
- World trade growth hits 20-year low
World merchandise trade declined by 1% in volume in 2001 following a slump in demand for technology products that will cramp future growth, according to a WTO report.
- Trailer Bridge narrows loss
The U.S.-Puerto Rico carrier posted a loss of $1.3 million on revenue of $17.5 million in the first quarter of 2002, an improvement over a $5.3 million loss on revenue of $20.6 million in 2001. • Surprise! CSX expanding Puerto Rico service
- MISC enters VLCC sector
A move into the crude market bolsters the Malaysian carrier's transport and integrated logistics services.
- Halterm boxes down, net up
- Critics slam new ship emission rules
- Customs will begin ACE trials
- Cargo groups urge support of TEA-21
- Cargolifter signs Boeing deal
- Union Pacific earnings surge
- Cost-cutting boosts KCSI
- STB proposes non-Class 1 costing
- Ag shippers won't challenge So. Cal. rail charge
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| MAY 3, 2002 |
- La STVA va prendre 20% du capital d’Egerland
La Société de Transports de Véhicules Automobiles (STVA), filiale de SNCF Participations, va entrer à hauteur de 20% dans le capital de la société allemande de transports de voitures Egerland. La société française entrera également à hauteur de 51% dans le capital de la filiale Egerland France (basée à Forbach en Moselle).
- TPG et DSV concluent une alliance pour la logistique en Scandinavie
Le groupe postal néerlandais TPG et le groupe de transport et de logistique danois DSV ont juste avant de mettre sous presse annoncé qu’ils vont unir leurs forces pour les activités logistiques en Scandinavie. L’alliance ne concerne pas les activités de transport. Via la division TNT Logistics, TPG va acquérir une part de 50% dans DFDS Transport Logistics (enregistré comme DSV Logistik Holding), une filiale de DSV. La Scandinavie était une région stratégique non explorée par les activités logistiques de TPG en Europe, alors que DSV avait déjà annoncé il y a quelques mois qu’il cherchait un partenaire stratégique en dehors de la Scandinavie afin d’également pouvoir offrir des services logistiques à ses clients en dehors de cette zone.
- SNCB: on recherche à nouveau un administrateur délégué
Une fois de plus la petite Belgique se distingue par le ridicule. A peine nommé le nouvel administrateur délégué de la SNCB Christian Heinzmann a annoncé qu’il démissionnait. La ministre fédérale de tutelle I. Durant en a pris bonne note et ce sera officiel d’ici un jour ou deux. La bataille que mène depuis des mois ladite ministre pour obtenir l’élimination d’Etienne Schouppe, l’ancien administrateur délégué, et une restructuration de l’outil, a non seulement plongé l’entreprise ferroviaire dans une situation de quasi immobilisme, mais a contribué à la dégradation de l’atmosphère à tous ses échelons au sein de cette entreprise. Cette recherche de candidats pour la succession d’E. Schouppe ayant
été politiquement baclée, il ne faut donc point s’étonner du résultat.
- GeoLogistics Belgium ouvre un nouveau complexe au port d’Anvers
GeoLogistics Belgium vient de lancer des opérations logistiques dans un nouveau complexe à Anvers. Le groupe est également en train de construire un nouveau complexe à Rekkem, à la frontière franco-belge. De nouvelles implantations sont prévues dans un futur proche dans le Waasland et à Liège.
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| MAY 2, 2002 |
- CSL, Yarra crew deadlocked
This is despite Canadian Steamship Lines agreeing not to dismiss the crew.
- Conoco completes US Gulf tanker design
The fast-track build strategy for new US Gulf aframax tankers helps keep costs down.
- Cruise cancellations to dent Carnival's profit
Carnival Spirit is in drydocks for repairs to its air conditioning systems.
- Trailer Bridge cuts operating loss
Cost-cutting plans and vessel redeployment have paid off for the Florida-based liner company.
- Constellation delivery facing delay
The new Celebrity Cruise ship will return to shipyard for repairs after sea trials.
- NSCSA profit crashes
The National Shipping Co of Saudi Arabia has not escaped the tough tanker market traumas.
- COAs boost Brostrom
But new oil company deals insufficient to prevent profit dive.
- Jordan National Shipping Line breaks into the black
Middle East container line returns to profit after restructuring and fleet upgrade.
- Brazilian oil exports unaffected by workers' strike
Petrobras unionised oil workers are on a 24-hour strike Thursday.
- Yard write-down whacks Fred Olsen
Record performance turned to massive loss by Harland & Wolff charges.
- Rieber returns rise in first quarter
Norwegian offshore support vessel and cargoship owner has enjoyed positive start to 2002.
- Pertamina poised for newbuilding tender
Indonesian oil and gas company to build 12 ships, including two VLCCs.
- IOS signs for supply vessel
International Offshore Services is growing its fleet with a supply vessel newbuilding.
- Marubeni sniffing round SCI
Japanese trading house looks set to join the bidders eyeing stake in Shipping Corp of India.
- Keppel puts squeeze on costs
Singapore group aims to save SGD 20m per year from merger of yard units.
- Samsung inks suezmax quintet
South Korean shipbuilder confirms large tanker orders from Metrostar, NS Lemos and Viken Shipping.
- Adsteam cautious on 2002 profits
Australian towage firm says growth slowing in second half of financial year.
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