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| MARCH 5, 2002 |
Shipping News
- US allots US$93m to review, improve port security
THE US government has set aside US$93.3 million for immediate port security assessments and improvements, while government and industry officials debate the future of port security at US seaports.
- S'pore starts first graduate maritime education course
- MISC's 3rd qtr profit down 20%
- Daewoo yard wins US$640m order from
Air and Land Transport
- 66-year-old Ansett grounds to a halt
ANSETT Australia disappeared from radar last night, with all hope of salvaging the 66-year-old airline gone and administrators preparing for a fire sale of the assets.
- Watchdog denies plans to cap Qantas prices
- Legal fight unlikely to ground new airline Swiss
- First Chinese air police to take off this summer
- Virgin Express, SN Brussels may revive merger
- Log Book
Features
- High seas patrols help deter terrorism
SEARCHING everything from small wooden boats to huge commercial freighters, sailors from a dozen countries are scouring the high seas in the hunt for al-Qaida terrorists and weapon shipments.
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| MARCH 5, 2002 |
- Uniglory, Wan Hai start joint HK-Japan-Taiwan service
- Multiport accepts six new members
- Old rail revisited
- Barwil into Afghanistan
- K Line modifies Japan/Southeast Asia service
- Seminar calls for risk management
- Aid for new private rail service
- First direct China, Taiwan trade completed
- Moncton positions itself as American cargo gateway
- CSA opens Zhengzhou maintenance hangar
- TIACA founds air freight scholarship
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| MARCH 4, 2002 |
- Lufthansa still wants SAS Cargo
- Deep alliance Korean and Delta
- Maersk Logistics reports satisfied customer
- Dead Swissair goes to court
- DOT with port security grant applications
- Antwerp port merger for PSA
- Pratt, GE say win Emirates engine order
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| MARCH 5, 2002 |
- CSCL to offer direct link between NSICT & US West Coast - ...to expand liner services, ex-India
- NSB sets up Committee on Containerisation
- Foreign-going vessels allowed to carry container cargo between Indian ports
- Trade treaty with Nepal extended for 5 years
- Container feeder operations resume at Paradip Port
- ...set to surpass 20 mt cargo handling target
- P. D. Rathi elected President of Port Officers’ Federation
- Forex reserves cross $ 50-billion mark
- Lack of financial sector reforms disappoints ALFS
- Pneumatic tyre importers get 5 pc relief on duty
- Inflation rate moves up to 1.39 per cent
- Few sops for exporters in Budget, says Exim Club chief
- Forex reserves swell by $ 237 m to $ 50.45 bn
- No thrust to leather exports in Budget: CLE
- Implementation panel for Medium-Term Export Strategy taking shape
- IASC chief sees India playing key role in oilseeds sector
- Tax axe falls on EOUs
- Foreign Trade Analysis: Current Policy & Procedures
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| MARCH 4, 2002 |
- Brazil fuel oil $3 firmer
- OPEC likely to maintain its reduced output levels through 2002
- Chile market report
- Russia may extend export cuts, increase production later in the year
- Rotterdam morning report
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| MARCH 4, 2002 |
- Grand Alliance serves Shanghai
- Hanjin Lines/Senator Lines streamline services
- Wan Hai charters slots from Cosco
- The Himalaya Express will vanish
- DFDS now sails to Cuxhaven
- Secrets at Maersk Sealand?
- TNWA confirms service changes
- «NYK Leo» in Bremerhaven
- Cleve & Zonen: new services
- Newbuilding Hamburg Süd
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| MARCH 4, 2002 |
- Title XI: Shooting for $50 million in FY2003
In search of the attainable
- Shipowners to learn about bonding
SCA arranges meeting with Sureties Association
- Kvaerner Masa gets new board
A new Board of Directors has been elected for Kvaerner Masa-Yards Inc. The Chairman is Leif-Arne Langøy (President and CEO, Aker Kvaerner Yards AS)
- Telaurus hires Lovingfoss
Key appointment at maritime communications specialist
- FGH gets more time
The U.S. Bankruptcy Court has given Friede Goldman Halter, Inc. until April 12, 2002 to file a plan, or plans, of reorganization.
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| MARCH 4, 2002 |
- Nominations now being accepted for Oregon International Business awards
- Panama Canal Authority discusses host of improvements
- Portland Airport targets shoppers during 'Spring Fling' discount event
- Steel heading into U.S. increases 14 percent in January
- Corps closing small lock in Ballard for annual maintenance and repairs
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| MARCH 5, 2002 |
- MSCL Loses $160,000 in 'Mv Umoja' Accident
- TRA Patrol Boat Finally Deployed on L. Victoria
- 'New' Sabena to Fly to Kigali and Nairobi
- BA Reschedules East African Flight Routes
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| MARCH 5, 2002 |
- Wallenius in driving seat for HMM car arm
WALLENIUS Wilhelmsen has signed a $1.5bn deal to possibly take over the car carrier division of debt-laden Hyundai Merchant Marine.
- Fosen vows to fight Norway ship grants fraud charge
THE shipyard building ResidenSea’s delayed The World has suffered a fresh embarrassment after the Norwegian state charged it with fraudulently claiming NKr35m ($3.95m) in shipbuilding grants on ships delivered between 1997 and 1999.
- Nuclear ban debated in Panama
THE environment committee of the Panamanian legislature will today debate a proposal for a new law banning nuclear shipments through the Panama Canal.
- BP Amoco snaps up Tsuneishi aframaxes
BP Amoco has gone to Tsuneishi Shipbuilding for a quartet of bargain priced-aframaxes, writes Matthew Flynn .
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| MARCH 4, 2002 |
- Tatar test for Russian oil
- Baltimore channel still closed
- Chemical spill hits Djibouti
- One missing after ship sinks
- Japan to cut steel imports
- Ferry frustrating at Cuxhaven
- China Shipping, Zim move closer
- James Fisher quits dry sector
- TT-Line poised for Superfast deal
- Louis-Dreyfus moves into Brazil
- Nightmare scenario for Suape
- Regasification plan opposed
- Fire destroys Med ferry
- HHI claims welding breakthrough
- HMM to sell car carrier business
- EC brings hope to German builders
- Heavy lifters repair Serbia bridges
- US bolsters Yemeni coast guard
- Anek, Strintzis in merger talks
- Szczecin yard halts production
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| MARCH 4, 2002 |
- Canada study slams port crime, security
A government report described Canada's largest seaports as crime-ridden and vulnerable to terrorist attacks.
- NCBFAA criticizes China regs
The industry group charged that China's new rules discriminate against American-based non-vessel-operating common carriers.
- Insurers will drop Sri Lanka war charge
The move is expected to spur business at a key transshipment port.
- Coast Guard will award port security tool contract
- EVA 777 order still firm
- U.S. ocean volume increased
- Canada to review Marine Act
- Salvage mulled for sunken Md. tug
- GM selects TNT for Brazil car parts
- Zim logistics unit opens Shanghai office
- Wanted: 30,000 airport screeners
- USCO combines warehouse units
- Higher charges boost Schiphol net
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| MARCH 4, 2002 |
- Tsakos sets NYSE listing date
The secondary listing on the New York Stock Exchange will trade under the ticker symbol TNP on Tuesday.
- Weak rates dent Montanari's earnings
Freight rates for gas carriers were seen falling significantly at end of 2001.
- Matson hikes Pacific coast-Hawaii rates
The rate increase was postponed from last year, taking into account the slow Hawaiian economy.
- Wallenius & Wilhelmsen confirm HMM deal
Takeover will double fleet controlled by Scandinavian car carrier partners.
- Salvage work delays Delaware canal reopening
A sunken barge is expected to be raised early this week.
- Armed men storm Thai cargoship
Solomon Islands robbers carrying guns and knives make off with crew's belongings.
- The World stands still as talks continue
DNV ready to certificate but owner refuses to take $330m ship.
- Unithai Line moves further into black
Thai owner boosted by associate companies and lower costs in 2001.
- Paris MOU pulls in passengerships
Tanker Pacific and Bergesen number among owners whose vessels were detained in January.
- Panama Canal to expand capacity
The daily average number of vessels transiting in the canal is expected to rise to 43 by the end of 2004.
- New directors for Kvaerner Masa-Yards
Only Jorma Eloranta survives as boardroom roundabout spins again.
- Scrap totals triple on last year's levels
First two months of 2002 see whopping increase in tonnage sent for demolition.
- Fosen in fraud probe
Norwegian yard's owner Anna Synnove Bye says she feels "raped" by subsidy allegations.
- Anek and Strintzis mull merger
Greek ferry operators explore Piraeus Bank amalgamation plan.
- Arison's fortune boosted by bonus rise
Carnival boss Micky Arison's annual bonus rose to $1.68m in 2001.
- Belships buys half of Elkem Chartering
Norwegian owner Belships is handing over responsibility for handysize and handymax bulkers to new partner.
- Jutha shrinks losses
Thai cargo and liner shipowner upbeat on future prospects as it axes loss.
- Skaugen offloads last chemical tankers
Norwegian owner sells ships as moves to concentrate on core lighterage and gas shipping business.
- Fisher finally exits dry cargo sector
UK tanker owner James Fisher has sold its last two general cargoships.
- Cosco seeks Indian partner
Chinese shipping giant wants to gear up its presence in India.
- Odfjell opts for camshaftless engine
Chemical tanker owner specifies latest propulsion plant technology for next newbuilding.
- HMM and Wilhelmsen in PCTC tie-up
Statement expected to clarify link-up between cash strapped Korean owner and Norwegian shipping giant.
- Nissho set for Hitachi VLCC order
Japanese owner poised for further newbuilding deal in single-hull replacement programme.
- Profits slump at Kimtrans
Logistics and ship operator saw profits fall 30% as directors paint gloomy picture for 2002.
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