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| JULY 5, 2002 |
Shipping News
- PSA records another good month with 9.6% rise in June
PSA Corporation turned in another month of strong growth with its cargo volumes handled in Singapore rising 9.6 per cent over last June's.
- US West Coast dockworkers, lines to resume talks on Monday
- Le Havre joins US box-screening scheme
- Indon ferries don't need IMO cert: M'sia
Air and Land Transport
- Competition from low-cost rivals welcome: Lufthansa
ONE of Europe's leading airlines, Lufthansa, has welcomed the 'fair competition from low-cost carriers' but feels frustrated by government bail-outs of intercontinental rivals, describing it as unsustainable and 'unfair' competition .
- Air New Zealand buys 15 new aircraft
- Macquarie may target NZ airport
- American Air, United, Delta raise fares
- Swiss air traffic imprecise, was due for change
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| JULY 5, 2002 |
- Singapore remakes PSA, offers berths to liners
- British Airways returns to market for loose cargo
- Davies Turner sees Iranian freight looking up after 30
- U-Freight promotes Rowell to HQ station manager
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| JULY 4, 2002 |
- PSA strong growth June 2002
Compared with June 2001, PSA saw a 9.6 per cent growth in Singapore in June 2002, and a 157 per cent growth in its ports overseas.
- Take the booz and fly like an angel...
Two America West pilots taxiing for takeoff from Miami were ordered to turn the passenger plane back to the terminal on Monday and arrested on charges of operating a plane while drunk, police said.
- Rail freight traffic US up in June
U.S. rail intermodal traffic rose 8.6 percent (60,211 trailers and containers) and U.S. carload traffic rose 2.1 percent (28,575 carloads) in June 2002 compared to June 2001, the Association of American Railroads (AAR) reported.
- Dragon to launch Taipei services
Dragonair will launch three passenger services a day between Hong Kong and Taipei on July 22.
- Frans Maas expanded in Russia
Dutch pan-European operating forwarding group Frans Maas will start operating in Russia this month.
- Deutsche Bahn prepares IPO with Stinnes
Deutsche Bahn AG planned takeover of Stinnes AG, which we reported yesterday could be a signal that it's readying for a potential initial public offering.
- Boeing: 30,000 exit
Boeing expects layoffs to taper off at around 30,000 employees, Alan Mulally, head of its commercial aircraft unit, said. Production rates will bottom out in 2003 and improve in 2004, according to Mulally.
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| JULY 5, 2002 |
- Gems, jewellery exports spurt by 39 pc
- E. Roadways begins express cargo service
- Vegetable, fruit exporters to get transport subsidy soon
- Govt seeks AMTOI’s views on opening up Indian shores for WTO talks - 3rd Lecture Series on ‘Coastal & Road’ held
- India seeking increased market access in services: Maran
- RBI eases exchange control rules
- Phase II of Moradabad bypass opened
- RBI allows exporters international credit card facility on Internet
- DCA merged with Finance Ministry
- Central team surveys losses to salt units
- AP to set up AEZ for export of mangoes, grapes
- Fundamentals of economy strong, feels Jaswant
- Assocham seeks review of fuels customs duties for DEPB credit calculation
- Chemical industry task force outlines export strategy
- Gold import norms eased for lowering transaction cost on jewellery exports
- Exim Bank wins ADFIAP Award
- Service charge for onion exports slashed
- Jute industry to get 15 pc subsidy for modernisation, DEPB benefits
- Exim Bank extends $ 10 m line of credit to Romanian bank
- Upasi chief sends out S.O.S. to rescue tea industry
- DGFT eases norms for EOU/EPZ/EHTP to export from subcontractor’s premises
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| JULY 4, 2002 |
- Avails set to improve next week in Italian ports, no problems reported off Malta
- Japan refinery maintenance
- Russian crude up 8%
- Russia/US oil exports
- Demand picks up in Gibraltar
- Great Belt suffering from tight avails
- Tallinn market quite firm
- NT Bunkering makes changes to barge fleet
- St. Petersbug quiet despite competitive levels
- Polish market update from Ship-Service
- Piraeus market report from Aegean Petroleum UK Ltd
- Singapore steady to soft today, fuel oil cargoes may come soon
- Market firms marginally in Korea
- Taiwan and Chinese bunker market report
- Quiet in slightly firmer Hong Kong market
- Two typhoons expected to disrupt bunkering operations in East Asia
- Istanbul more competitive than usual
- Japanese bunker prices drop to competitive levels
- Rotterdam morning market report from Marine Bunkering
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| JULY 4, 2002 |
- Georgia Ports Authority sets up "Client Relations Center"
- PSA continues strong growth for June 2002
- Hong Kong's Airport Authority shows improved profits despite difficult year
- Another newbuilding for Hatsu Marine Ltd/Evergreen
- Cathay Pacific Cargo flies to Milan
- Austrian Airlines announces changes to its schedule
- Qatar Airways increases its capacity in response to growing cargo volume
- Christian Salvesen posts rise in turnover
- USFreightways (USF) opens new logistics platform
- Federal Express increases profit in fourth quarter of fiscal year 2001/2002
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| JULY 5, 2002 |
- Record di ordini in Corea
Per Confitarma alta qualità e prezzi bassi rendono competitivi i cantieri asiatici
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| JULY 5, 2002 |
- Queen Mary 2 forges yard entente cordiale
PATRICK Boissier, a chairman and chief executive of Alstom’s Chantiers de l’Atlantique, has raised the prospect of Britain and France co-operating on big shipbuilding contracts.
- Strintzis cashes in on ferry building fiasco
NEWLY privatised Hellenic Shipyards has agreed a multimillion-dollar settlement with Greek ferry company Strintzis Lines for its failure to deliver two new ro-pax ferries that have fallen chronically behind schedule.
- Stop your internal squabbling, IACS told
INTERNAL squabbling within the International Association of Classification Societies too often overshadows efforts to co-operate with industry to improve standards, according to the International Chamber of Shipping.
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| JULY 4, 2002 |
- PSA first-half volumes up 9 per cent
- Busan steps up PSC inspections
- NSICT hits back at Nehru
- Philippines to tighten inspections
- Unions fear job losses at Chantiers
- Greens block tanker near Bosphorus
- No new decision on HDW sale
- Petronet gets $283M financing
- Indian aid transport blocked
- Foreign bidders desert SCI sale
- Paradip moves to become clean port
- Victory seeks sanctuary at Cochin
- Cruise ship hotels for Olympics
- QM2 keel-laying today
- Box surge for Shanghai
- Filipinos look beyond compliance
- Hutchison plans border box benefit
- New ferry line unwelcome in Morocco
- Flender gains newbuilding support
- Poland, Russia try Kaliningrad hurdle
- Kremlin drops tax on ship imports
- Unions oppose SA port concessions
- Freeport privatisation stalled
- Stelmar secures time charter deals
- Panama delays worry Korean owners
- HHI completes Samho takeover
- Kandla hit by C&F strike
- Body found from cruise ship plunge
- Asian Terminals simplifies payments
- Cattle deaths spark inquiry
- Ship, crew freed after ransom paid
- Corrosion fears over MOX shipment
- Grounded tanker freed
- Japan predicts container surge
- Hellenic to compensate Strintzis
- French owners campaign for ro-ros
- Panama Canal turnover drops
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| JULY 5, 2002 |
- Le marché belge du tracteur routier plonge de 25% au premier semestre 2002
Le marché belge du camion (camionnettes lourdes, porteurs et tracteurs) a régressé de 21,2% au premier semestre 2002, chutant de 7.274 unités (au premier semestre 2001) à 5.732 unités. C’est une baisse beaucoup plus nette que ce que prévoyaient la plupart des constructeurs à la fin de l’année passée. Ils s’attendaient à une baisse de 10 à 15% pour 2002. Il se pourrait qu’ils aient raison malgré tout: la plupart des marques remarquent une certaine reprise des commandes ou à tout le moins de l’intérêt des transporteurs pour des nouveaux véhicules. Notons que c’est dans le secteur du tracteur que la baisse a été la plus forte: -24,8%, de 3.682 à 2.767 unités. C’est ce qui ressort des statistiques que vient de publier la Febiac.
- E.ON accepte l’offre de la Deutsche Bahn
Le conseil de surveillance du groupe E.ON a décidé d’accepter l’offre de la Deutsche Bahn pour l’acquisition de sa participation (65,4%) dans le groupe logistique Stinnes. La DB va dès lors lancer une OPA pour les 34,6% restants, qui sont cotés en bourse. Le conseil d’E.ON a par ailleurs décidé de procéder à la prise de contrôle total de Ruhrgas, afin de devenir le numéro 1 du gaz en Europe. Enfin, les chemins de fer allemand ont d’ores et déjà annoncé que les noms de Stinnes et de Schenker seront conservés et que ses unités d’exploitation dans le secteur des marchandises (DB Cargo, Railion Benelux et Railion Denmark) seront placées sous la responsabilité organisationnelle de Stinnes.
- CFF Cargo supprime 120 postes de travail
Afin d’augmenter la capacité de concurrence vis-à-vis de la route et d’autres entreprises ferroviaires de transport, CFF Cargo, le département marchandises des chemins de fer suisses, va supprimer au cours des prochains mois quelque 120 places de travail, sans licenciement. La mesure n’aura pas de répercussion pour la représentation belge de CFF Cargo à Anvers.
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| JULY 4, 2002 |
- Norden shares on the move
Torm's takeover target trades at up to 5.5% premium to offer in thin market.
- Stelmar's term charters boost stock rating
Short-term charter rates for three product tankers are better-than-expected.
- Euro worries for Micky Arison
Cruise chief warns strong Euro is chilling order prospects as keel of Queen Mary 2 laid.
- Marad chief in peal appeal
OSG, Keystone and Seabulk vessels set for big shipping ding dong.
- Varna shipyard workers file complaints
Bulgarian yard sale cash goes to pacify big ticket creditors rather than owed salaries.
- PSA wards off strong competition
The main port operator in Singapore posts higher volumes at local and overseas terminals.
- Yukos plans fresh US crude shipments
Russian oil company tests water but hopes for long-term supply deals with the US.
- Alstom may sell shipbuilding business
The French company is restructuring to reverse first net loss in seven years.
- UDI completes USMR takeover
The US defense contractor is retaining all staff at the Norfolk shipyard.
- Israel Corp mulls Zim sale changes
Ofer Group considers waiving stake buy rights in bid to offload boxship business.
- A&P Group expands UK empire
British shiprepair and conversion group snaps up Scottish facility in Aberdeen.
- Grounded oil tanker refloated in Fiji
The vessel grounding has not caused any oil spill in Fiji so far.
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