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| FEBRUARY 4, 2002 |
Shipping News
- Volumes at PSA's Aden terminal jump 52%
PSA Corporation's container terminal in Yemen chalked up an impressive 52 per increase in throughput volumes last year to 377,400 TEUs .
- Vietnam rescues crew of sinking ship
- US detains 16 Chinese stowed aboard ship
- Aceh unrest a major factor behind piracy in region
Air and Land Transport
- Thomas Cook sees global travel rebound by year-end
EUROPE's second largest travel firm, Thomas Cook AG, on Saturday forecast a rebound in global travel by the end of this year and said it sees its own profits stable in 2002, aided by cost cutting initiated after the Sept 11 attacks on the United States.
- Lufthansa confident on 2001 breakeven, unsure on 2002
- US air cargo volume in December down 16.4%
- China Eastern to buy up to 50 Airbus planes
- EU ban threatens Russian carriers
- Log Book
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| FEBRUARY 4, 2002 |
- China exports expected to maintain growth
- HMM and Fesco share East Asia and Australasia service
- Nortel to divest logistics operations to Kuehne & Nagel
- Aden sees 52pc growth in 2001
- New containership named Josephine Maersk
- World Fuel Services reports strong third quarter
- Royal Air Maroc receives first extended-range Boeing 767-300
- United Airlines realigns management
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| FEBRUARY 1, 2002 |
- Nortel to divest Logistics to KN
- UPS and FedEx settle suit about Fritz
- Delta optimistic after loss
- GeoLogistics Completes Installation of Freightgate's Tariff-Trek! to Manage Contracts
- Aden Container Terminal Achieves Remarkable 52% Growth in 2001
- US investor acquires 5 per cent of Austrian Airlines
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| FEBRUARY 4, 2002 |
- EU taking steps for more transparent import norms
- Delhi trade updated on MbPT’s user-friendly facilities
- Fieo: Target achievement hinges on exporter-friendly govt agencies
- Strategy to develop India as chemicals source
- Still more to be done-ICC
- $ 80-bn export target realistic, feels GJEPC chief
- Exactly what was needed: MAIT
- Strategy addresses EEPC concerns, brings target in sight-Bhasin
- Retain income-tax exemptions, pleads CEU
- Exim Bank study sees need for agro units to adopt quality standards
- Govt clears food park in Rajnandgaon
- Apeda to develop ‘Made in India’ logo in a month
- Exports clock marginal 1.11 pc growth in Dec. 2001
- FCI to recover wheat freight cost state-wise
- 3-day ‘ICT India 2002’ from Wed.
- Manish K. Haria is new Chairman of HEPC
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| FEBRUARY 1, 2002 |
- Crude at $20 in early 2002, leading experts say
- Rotterdam market firming
- Market softer in Vancouver
- US West Coast markets steady
- Interview with Viswa Lab's Dr. Vis about fuel contamination and testing methods
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| FEBRUARY 4, 2002 |
- Danzas on a shopping spree
- Schenker buys into Expotrans
- Hutchison snaps up Korean terminals
- New freight hangar for Basel-Mulhouse Airport
- New Gefco KN services
- Fiege Goth grows
- Freightliner launches new car wagon
- New ro/ro-service Liverpool-Larne
- Kuehne & Nagel International AG
- Switzerland's new airline: A note from the CEO
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| FEBRUARY 1, 2002 |
- Rowan "bolts on" manufacturing capabilities
Rowan Companies, Inc's wholly-owned Rowan Electric, Inc.has completed the purchase of certain assets of Oilfield-Electric-Marine, Inc. and Industrial Logic Systems, Inc.
- More vessel calls at U.S. ports
The Maritime Administration (MARAD) has released a new annual publication, entitled Vessel Calls at U.S. Ports - 2000
- HAL set to take back Patriot?
It looks like Carnival Corporation will reabsorb the Patriot into its Holland America operation.
- Coast Guard names Director of Intelligence
The United States Coast Guard has named Frances Fragos-Townsend its Director of Intelligence
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| FEBRUARY 1, 2002 |
- Columbia River Channel Coalition off to Olympia for Channel Deepening Day
- Oregon-based Coast Guard cutter pulls tons of marijuana from Pacific
- Two-term Vancouver USA commissioner James R. Kosterman dies at 78
- Clyde Boddy extends term as Port of Port Angeles director
- Port of Portland director talking channel deepening in Astoria
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| FEBRUARY 1, 2002 |
- FedEx offers ocean forwarding services
The carrier's forwarding subsidiary introduced two new services designed to give customers a fuller range of options, including ocean shipping.
- Stolt-Nielsen sees improvement
Despite a loss in fourth quarter, the tanker operator said that operations at its core transport unit "significantly improved" during the year.
- Strachan Shipping agrees to acquire Norton Lilly International
- Amtrak threatens to cut long-distance trains
- Customs proposes rules for volume entries
- Volga-Dnepr Airlines appoints Minty
- Airborne earns $2.2M in 4Q
- Imports up, exports down: Marad report
- Seaway raises tolls
- Modern Terminals eyes China expansion
- Naples plans box transshipment terminal
- Taiwan company eyes air cargo project
- "K" Line forms Singapore op center
- US won't detain uncertified vessels
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| FEBRUARY 1, 2002 |
- POC shareholders may pledge loyalty
POC-RCCL merger talks may take into account more than just economic logic.
- Carnival pushing merger agenda
No penalty will be assessed if the planned POC shareholders' meeting is adjourned on 14 February.
- American Commercial Lines may file for bankruptcy
US credit rating agency S&P is keeping a close eye on ACL's financial restructuring negotiations.
- VLCC market set to plunge
Brokers were left sitting idle Friday as business dried up across the board for large tankers.
- China Shipping Development sees revenue rise
Good growth in tanker revenue for China Shipping Development could be offset by slump in container trades.
- COSCO and Wan Hai strike first bargain
Chinese and Taiwanese rivals could cooperate further after agreeing vessel-sharing deal on Red Sea route.
- HMM and Fesco team up down under
Hyundai Merchant Marine is beefing up Australian and New Zealand box routes with help from Russian owner.
- Ferry freed from sandbar at Newhaven
Crew use bow thrusters to free Transmanche ship which had grounded outside UK port in rough seas.
- NSCSA to exit boxship market
National Shipping Co of Saudi Arabia wants to sell its three containerships after making loss in 2001.
- Chowgule opts to delist
Cash-strapped Indian owner wants to go private as investor interest in shipping evaporates.
- Sonderborg declared bankrupt
Danish livestock carrier has been wound up, but transferred its ships to subsidiary before court ruling.
- Navibulgar plans bulker buys
Bulgarian state-owned shipping company has cut back on spending and wants to reinvest cash.
- Hanjin sees sales boost in 2001
South Korean shipowner saw a sizeable increase in sales last year as analysts back stock.
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