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| JUNE 4, 2002 |
Shipping News
- N. China catching up with south in container cargo
SPECTACULAR' growth in inbound and outbound container cargo volumes for Northern China means it is beginning to catch up with Southern China volumes which are currently the main driver of the country's cargo traffic, according to a senior APL executive.
- Bangkok urged to veto blasting of Mekong rapids
- Sutrajaya's latest acquisition gets a new name
- Developers fined for HK container terminal delay
- EU objects to Carnival's P&O Princess deal
Air and Land Transport
- Iata airlines say traffic rising, but profit up in air
AIRLINES have succeeded in getting people to fly again after the September 11 attacks, but the industry is still losing money after a disastrous 2001, a global airline industry association said yesterday.
- US Transportation Dept won't back down on bag screen date
- Qantas, Virgin Blue not curbing terminal access
- 5,000 chase 200 cabin jobs with Cathay Pacific
- Indon private airline extends shutdown
- Log Book
Features
- Report assails polluting by cruise industry
A REPORT by an ocean advocacy group portrays the burgeoning cruise industry as a floating environmental menace, with luxury ships free to dump millions of gallons of untreated waste and toxic chemicals into the ocean.
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| JUNE 4, 2002 |
- Box rates go up on Asia-SA west coast trades
- East Asia-Australia freight rates to increase
- Maersk adds Cornelia to containership fleet
- Chu Kong leases crew, seeks more vessels
- Jardine Shipping's new international locations
- IATA chief: Airlines lost US$12 billion last year
- Polish airline flies with Lufthansa, prepares for Star
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| JUNE 3, 2002 |
- Continental Airlines and KLM extend codeshare agreement
KLM and Continental Airlines announced that they have extended the duration of their cooperative marketing agreement, which includes codesharing and reciprocal airport lounge access, until May 30, 2003.
- Star Alliance welcomes Asiana, LOT and Spanair
Work will commence immediately on the integration of Asiana Airlines of South Korea, LOT Polish Airlines and Spanair of Spain into Star Alliance.
- Complete online schedule creates clarity in Schenker logistics
Schenker Scheduler shows services and product options in Europe at a click.
- Memorandum of understanding to sell car shipping of Hyundai
Hyundai Motor Co. of South Korea, Wilhelm Wilhelmsen of Norway and Wallenius Lines of Sweden have jointly agreed to acquire the car shipping operation of Hyundai Merchant Marine.
- UPS and Teamsters closer together
United Parcel Service and the International Brotherhood of Teamsters reached tentative agreement Friday on a key issue in their ongoing contract negotiations.
- FedEx Corp. declares first dividend in its history
FedEx Corporation announced that its Board of Directors declared an initial quarterly dividend of $0.05 per share on FedEx Corporation common stock.
- Aer Lingus pilots to vote on peace plan
Pilots at the Irish flag carrier Aer Lingus, are set to vote on Monday on a peace plan to end a dispute that has grounded it for five days.
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| JUNE 4, 2002 |
- Indamex, TSA effect peak season surcharges - US, Europe & Far East Conferences implement RRIs
- Greenwich Meridian Logistics commences operations from India
- Deal struck for dredger charter with Belgium
- Vizag Port’s cargo handling up by 12.5 pc in April-May
- Ahmedabad still ideal place for hub, asserts Panalpina MD
- ICD-Nagpur logs record throughput in May
- Forex reserves declined after rising for 25 weeks in a row
- Package deal to cheer up tea industry soon
- CBEC seeks exim trade’s views on amending CHA licensing norms
- HPCL, GAPL in pact to set up crude storage
- Palm oil tariff hike on cards
- Exports leap up by 18 pc in April 2002
- ‘Made in India’ show in Afghanistan in September
- Drawback rates reduced for 500 items, enhanced on 250 others
- Residence rule for SEZ MDs goes, remuneration hiked
- Low wages, space availability lure MNCs to India
- Ficci team to explore market in Kazakhstan
- Nominations for ICMA Awards sought
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| JUNE 3, 2002 |
- Chile market report from PMC
- Rotterdam market report from Marine Bunkering
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| JUNE 3, 2002 |
- EU minister gives shortsea shipping new impulse
- Boost for Malaysia's box traffic
- ANA to restructure
- New agent in Japan for Martinair
- Continental and KLM extend codeshare agreement
- 2002 IATA Eagle awards
- DAS Air Cargo with new African links
- CargoLifter bankrupt
- GM votes FedEx supplier of year
- Ikea with new centre in Spain
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| JUNE 3, 2002 |
- Princess Cruises adding to Port of Seattle's homeport numbers
- Navy asks Army Corps of Engineers to close off waterway around Everett station
- FedEx Board of Directors Oks first stock dividend in company history
- CP Ships selling shares to raise cash for Italia buy
- Outgoing Coast Guard Commandant will become TSA deputy director
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| JUNE 3, 2002 |
- Zambia's Mining Woes Bad News For Dar Port
- Tanzania's New Law Ends Shipping Standoff
- Shipchandlers Call for Changes in Kenya Maritime Laws
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| JUNE 4, 2002 |
- Malta probe slams safety system on doomed Kristal
A DRAFT report by the Malta Maritime Authority into the loss of the vessel Kristal has raised serious questions about the effectiveness of safety procedures put in place by its management company, IC Shipping of Monaco.
- Indonesian navy fired on dredgers
JUMBO dredger the Queen of Penta-Ocean (right) and a Dutch-registered dredger came under fire from the Indonesian navy in one of the world’s busiest shipping lanes, writes Marcus Hand in Singapore.
- Superslow Flender to file for insolvency
Beleaguered Flender Werft shipyard filed for insolvency yesterday following news of further postponements in the delivery of two ferries to Greek ferry operator Superfast Ferries.
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| JUNE 3, 2002 |
- Dumped Martin not to return to CSL
- Turkish greens want LPG ships ban
- Korea, China target deficient ships
- Indian crew fund official suspended
- Turkey agrees to US interceptions
- SCI partners sounded on Act proviso
- Arms in boxes heading for Kandla
- Zim suffers losses
- Severstal tightens box grip
- Cheju continues to lure ships
- Hanjin workers back after strike
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| JUNE 3, 2002 |
- War threat for India-Pakistan shipping
A major India-Europe shipping conference warned that war risk insurance charges could jump amid escalating war tensions.
- Panama bows to Hutch demands
The Hong Kong-based port operator could see a $1 billion windfall after the government of Panama agreed to scrap an annual leasing fee for two terminals. Weblog: Digital map will clear way for NY shipping
- Shanghai revamps port plan
Shanghai has shifted plans for development of the Yangshan deepwater port.
- House to debate antiterrorism bill on Tuesday
- Carrier antitrust hearing Wednesday
- FBI probing Coast Guard Capt. comments on stowaway memo
- Trailer Bridge names Stevens to board
- "Sum" spurs Customs security demo
- Hearing for FMC nominee
- GT Nexus signs Korean contract
- Forwarder group joins Lufthansa Cargo program
- Exel expands Crompton business
- Vopak earnings continue fall
- Fedex Custom Critical names Frattaioli
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| JUNE 4, 2002 |
- La Chine pourrait adhérer à la Convention TIR dans cinq ans
La République populaire de Chine envisage très sérieusement d’adhérer à la Convention TIR. Elle pourrait même le faire dans un délai relativement court de cinq ans, nous a déclaré un haut responsable du ministère chinois des Transports en marge du Congrès mondial de l’IRU à Bucarest. Théoriquement, il sera alors possible d’effectuer des transports depuis l’Europe jusque vers des villes en Chine. Mais c’est pour les transports intra-asiatiques (et plus particulièrement de et vers l’Asie du Sud-Est) que cette évolution devrait être la plus marquante. Aujourd’hui, aucun véhicule étranger ne peut pénétrer en Chine, les marchandises devant être déchargées à la frontière et transbordées à
bord de camions chinois.
- Trois nouveaux membres pour la Star Alliance
Trois nouveaux membres vont rejoindre la Star Alliance. Asiana, LOT et Spanair vont en effet adhérer à l’alliance aérienne l’année prochaine. C’est ce qu’ont décidé les administrateurs délégués des 14 membres actuels de l’alliance à Shanghai, où l’assemblée générale de l’IATA se tiendra bientôt.
- Le budget 2002 prévoit 7,1 mio. d’EUR pour des murs de quai fluviaux
Le prix annuel du Dienst voor de Scheepvaart, qui a été remis pour la troisième fois lundi dernier, a été accordé à l’ASBL Zagrika “pour sa contribution exceptionnelle au développement de la navigation intérieure”. Cette association regroupe les producteurs, commerçants, affréteurs et transporteurs de sable, gravier et pierres calcaires et vise à utiliser la navigation intérieure le plus possible. Ils sont dès lors une sorte de précurseurs du programme de murs de quai de l’Autorité flamande qui vise à rapprocher les entrepreneurs de la navigation intérieure via un PPP qui connaît toujours un énorme succès à en juger les demandes courantes.
- Les ministres européens des Transports veulent promouvoir le cabotage
Lors de leur rencontre informelle du week-end dernier dans la ville portuaire espagnole de Gijon, les ministres européens des Transports se sont rangés derrière les plans de la Commission européenne visant à promouvoir le transport maritime de marchandises et le fluvial. On pense surtout à ce niveau au développement du cabotage (short sea shipping).
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| JUNE 3, 2002 |
- Voyager Holdings to build cruiseships
The Sparrow Point shipyard will begin work on the $1.87bn project if funding is approved.
- El Paso stock nosedives
The bearish stock dropped to new 52-week low of $19.30 on Monday.
- Tight market boosts Golar
John Fredriksen's new LNG venture is set for $40m profit in first full year.
- Iraqi exports boost tanker rates
VLCC rates rose 33.5% from a month ago to about $18,657 per day at the end of May.
- Pyrsos rows with Swedish Club
Greek owner to fight allegation that bulk carrier was lost as a result of incompetent crew.
- Industry image continues to haunt owners
BBC journalist Tom Mangold says perception of shipping lies between dislike and indifference.
- Nanyang Shipping delists stock
The Chinese shipping company could not reverse heavy losses for four consecutive years.
- EU plans to promote shortsea shipping
Europe to push for dedicated maritime transport routes as it seeks to ease road congestion.
- Meijer hoping for P&O Nedlloyd listing next year
Anglo-Dutch container line's chairman Haddo Meijer "would not be happy" if float delayed beyond 2003.
- Investors back HMM's car carrier sale
Korean owner's share price rises after it clinches $1.8bn sale of 70 ships to Wallenius Wilhelmsen.
- TradeWinds is back on the internet
Temporary close down to reorganise after KPNQwest bankruptcy is over.
- RCL to refinance debt
Thai boxship owner to issue THB 1bn of short-term notes after returning to profit in first quarter.
- Jinhui's bulk markets improve
Hong Kong owner's more positive outlook clouded by $3.82m debt owed by metals group.
- Vopak earnings still heading south
First quarter brings little cheer for Dutch tanker owner after poor 2001.
- Could Eriksson be the next Fredriksen ?
EA Gibson explains the similarities between being a successful World Cup manager and a good tanker owner.
- Indonesians fire on dredgers
Patrol boats riddle one ship with bullets as well as hitting second near Singapore.
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