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| MARCH 4, 2002 |
Shipping News
- PSA set to take stake in merged Belgian port firm
THE merger of Belgium's two terminal operating giants is reported to have been completed last week, clearing the way for Singapore's PSA Corporation to take its majority stake after months of delays.
- NY port authority gives nod to US$4.5b budget
- K Line adds to West Japan service
- 22 rescued from ship
Air and Land Transport
- Aussie air competition remains strong: Dixon
QANTAS Airways chief executive Geoff Dixon said competition between Australian airlines remains strong and air fares will stay competitive following the collapse of its biggest rival, Ansett Holdings.
- Crossair defends change to 'Swiss' brand
- HK, US finish air talks
- We gave US$4.1b in financing to airlines since Sept 11: GE
- Passenger volume recovering at Las Vegas airport
- CNAC gambles on Macau becoming Vegas of the Orient
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| MARCH 4, 2002 |
- Shipping giants introduce new surcharges, rates
- IPBCC revises surcharges
- Vastera acquires Imanet
- KAL predicts turnaround year
- Lufthansa increases North American schedule by 40 pc
- Cathay Pacific welcomes progress in air service talks
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| MARCH 1, 2002 |
- Record earnings Deutsche Post
- Air France joins GF-X
- Air cargo down 9.3 per cent
- Italian train strike
- Plan for new London airport
- Profit Amsterdam airport group
- No Belgian joint-venture Virgin
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| MARCH 4, 2002 |
- Budget provides tax sops to encourage fleet acquisition, modernisation
- Domestic shipping industry’s horizon brightens
- India moots base price for Asian robusta coffee exports
- Anti-dumping duty on hydrofluoric acid from China mooted
- US slaps hefty dumping duty on Indian steel
- Patrol vessel CGS Sarojini Naidu launched at GSL
- 7 cos shortlisted to bid for Gangavaram port project
- Kamal Jain takes over as Chief Manager of ICD-Sabarmati
- Tata Teleservices signs accord with CWCL
- Rlys changing image from bulk transporter to logistics provider
- Govt to clarify on FII investment limit soon
- Government allows 50,000 tonnes additional maize imports at 15 per cent duty
- AEZs, SEZs thrust areas for export boost: Rudy
- Lacklustre Budget, says IMC
- Garment exporters left at the deep end: CIAe chief
- Hardware sector finds room for cheer
- DEA dismayed by Budget proposals
- AEPC to release additional textile quotas under FCFS basis today
- More tax reliefs would have swelled fiscal deficit, explains Sinha
- Karzai lists areas for investment in Afghanistan
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| MARCH 1, 2002 |
- Chile market report
- Singapore number changes
- Tight avails continue in Durban
- Good avails reported on the African West Coast
- Brazil market update
- US Gulf stays firm with tight avails
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| MARCH 1, 2002 |
- IMO's MEPC faces heavy schedule
Ballast water management, air emissions, antifouling, ship scrapping and more are on the agenda for a meeting next week
- Marathon, Golar LNG in Tijuana LNG project
Could require up to 10 LNG vessels
- ResidenSea ship hits problems
Yard faces mounting penalties.
- Seaport security solution?
Canadian electronics manufacturer enters market
- LPD 17 milestone
Northrop Grumman completes early landing of all four main propulsion engines and three of five power generators on their foundations.
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| MARCH 1, 2002 |
- Olympia Port Commission gives go-ahead to Port Plaza upgrades
- Both sides of rail picture post gains during week
- Metals recycling firm moves to new covered facility in Tacoma
- Corps taking second look at Columbia dredging project numbers
- Department of Transportation sets Port Security finance plan in motion
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| MARCH 4, 2002 |
- DFDS Seaways ferry Admiral of Scandinavia had made her inaugural call at Cuxhaven
The 18,888 gt DFDS Seaways ferry Admiral of Scandinavia made her inaugural call at Cuxhaven at the weekend after the decision to axe her longstanding Harwich-Hamburg passenger and freight service. The new link will cut transit times between Harwich and Germany by about three hours and give easier access to Bremen and Hanover. Ralf Witthohn
- Wilhelmsen mystery to be revealed
SHARE trading in Oslo-listed Wilh Wilhelmsen was suspended on Friday amid speculation that the group is poised to unveil the purchase of heavily-indebted Hyundai Merchant Marine’s car carrier division.
- Nordea arrest puts Sunship on spot
NORDEA Bank has arrested three chemical carriers operated by Swedish owner Sunship Rederi after Sunship defaulted on mortgage loans, the bank has confirmed, write Rajesh Joshi and Brian Reyes.
- Lloyd’s List and SMM to mark technical advances
In a move to recognise global leaders in shipbuilding and marine technology, Lloyd’s List today launches a major new awards scheme in partnership with Hamburg Messe, organisers of Shipbuilding, Machinery and Marine Technology (SMM), the world’s largest shipbuilding fair.
- Golar LNG turns on the power
GOLAR LNG is taking a stake in a multi-billion dollar integrated liquefied natural gas/power generation project in North America which could require up to 10 LNG carriers.
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| MARCH 1, 2002 |
- Vietnam scrapyard bites the dust
- Seaway adopts AIS
- Lloyd’s lifts Lanka surcharge
- DFDS switches to Cuxhaven
- Essex freed to discharge Iraqi oil
- HHI targets LNG ships
- Terminal operators complete merger
- Precious stays upbeat
- Tianjin port to invest $157M
- Golar gets Baja deal
- National strike hits Indian ports
- Fire forces Color Line cancellation
- EWATA hikes African rates
- Dutch pilots table new rate scales
- Ship missing in Sea of Japan
- Mindanao-Brunei trade link inked
- Alaska ferries drains money tank
- Greek ferry profits fall
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| MARCH 1, 2002 |
- Hearing for trustee request in Holt case scheduled for Monday
Unsecured creditors have asked that a Chapter 11 trustee be appointed to oversee the company.
- U.S. air cargo woes leveling off?
Air cargo volume slipped 9.3% in January, the smallest monthly drop since July 2001.
- International court rules in two HMT cases
- DOT accepting port security grant applications
- Indian shipping companies to get tax breaks
- Express targeted in Amtrak cuts
- Hong Kong, U.S. in "friendly" air talks
- Safmarine absorbs Himalaya Express sub-continent services
- Ryder plans Taiwan aerospace support air center
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| MARCH 1, 2002 |
- Record result for Awilco
Anders Wilhelmsen puts quoted arm at centre of group shipping strategy.
- ITF agrees to review rates
Talks with employers pave way for review of union benchmark rates and beneficial ownership.
- VLCC rates sink lower in bleak market
Nervousness is gripping owners as unemployed large tanker tonnage starts to build up.
- Shipping fortunes shrink
Sammy Ofer and Maersk Mc-Kinney Moller discover they have a lot in common.
- Alaska again mulling cruise tax issue
The state hopes to include a $30-head tax on cruise passengers in the 2002 budget.
- Unitor maintains stable revenues
The Norwegian ship supply group raked in $275.97m worth of operating revenues in 2001.
- Wilhelmsen rumours roar
Hyundai takeover, Wallenius merger, or maybe going private stories spread.
- Larger fleet size boosts Farstad's income
The Norwegian shipping firm's 2001 operating income rose by 17% to $139.65m.
- Torm seeks Nasdaq listing
Share price jumps as top product tanker owner unveils dual listing plan.
- Golar hooks into Mexican LNG import project
John Fredriksen's gas company could be looking to source 10 LNG carriers if its Baja project flies.
- Tanker sales slash Nepline's profit
Malaysian tanker owner continues quest for tankers to boost its fleet and performance.
- Eidsiva cuts losses as fleet shrinks further
Norwegian owner's performance improved in 2001, but it is still trying to sell or charter Anja 11 ferry.
- Jinhui back in black
Hong Kong shipping firm's 2001 net profit of $3.32m reverses losses in the previous two years.
- Reborn Star Reefers back in profit
UK-based owner formerly known as Swan Reefer is making money again after restructure and acquisition.
- Essex freed
Owner set for huge demurrage payout as ULCC allowed to offload disputed cargo after 128 days.
- Chu Kong issues profit warning
Keen competition and weaker economy will hit earnings at Hong Kong shipping and ports company.
- Unithai Shipyard adds second drydock
Thailand's largest shiprepairer has improved its flexibility with the addition of a handymax drydock.
- Thoresen Thai sells cargoship for scrap
Thai owner cuts fleet to 25 ships after disposing of 1977-built Hermod.
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