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| AUGUST 5, 2002 |
Shipping News
- Hamburg, Antwerp chalk up robust rise in box throughput
HEALTHY box growth in the first half of the year is being reported at the ports of Hamburg and Antwerp with volume gains exceeding 12 per cent while other European ports are not expected to fare as well.
- Lines resist plan for pilots in Barrier Reef
- RCL refinances debt facilities
- China logistics ventures: 50% cap on foreign investment
Air and Land Transport
- Foreign cash to accelerate Chinese airline revamp
CHINA's easing of caps on foreign investment in the aviation sector last week will propel its airlines into the global jet set and give foreign carriers a bigger share of the coveted domestic market, analysts say.
- UK air traffic controllers warn of safety risk
- Cathay to train locally hired pilots as captains
- UK airport baggage handlers get better pay offer
- 27 Russian airlines closed this year
- Log Book
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| AUGUST 5, 2002 |
- Hanjin's president resigns, no successor yet
- Montreal sees box volumes rise, expects 1 million this
- AAL/PAS appoints Million as new China agent
- K&N pre-tax slumps 15 pc, says it is pleased
- Spectrum Shipping posts mid-year, inaugural profit
- Menzies shifts cargo handling to Sydney airport
- Gulf Air names new GM in UAE
- Emery opens Customs brokerage unit at Norfolk
- United names new VP in technical support
- HACTL revamps web site
- Macau reports 44 per cent jump in July air cargo
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| AUGUST 2, 2002 |
- Taca plans rate increase
The Trans-Atlantic Conference Agreement (Taca) announced a huge increase in westbound general tariff rates of $320 per 20-foot container and $400 per 40- or 45-foot container, effective Oct. 1. 2002.
- Cost cuts help BA beat expectations
British Airways shares were down 6 per cent, to 141 pence, in late morning trade in London, although the airline beat market forecasts by tripling operating profits in its first quarter to the end of June, from 50 million to 158 million pound.
- Firework rules Rotterdam revised
New Dutch Transport Minister Roelf de Boer has revised regulations for the transport of fireworks on seagoing ships which were due to take effect on 1 August. The changes follow intensive objections from critics including the Port of Rotterdam.
- Hapag-Lloyd to join US struggle
Hapag-Lloyd has submitted its application to join the recently announced U.S. Customs initiative, Customs-Trade Partnership Against Terrorism.
- Loan for Thai RCL Group
RCL group announce that its wholly-owned subsidiary, Regional Container Lines Pte Ltd, has signed a seven year loan agreement with a group of international banks led by Den norske Bank ASA and Commerz East Asia Ltd for a $110 million shipping loan facility.
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| AUGUST 5, 2002 |
- Edible oil imports in July touch 4 lakh tonnes
- Exim Bank to provide $ 10-m line of credit to PTA Bank to promote exports to East & South Africa
- Canada a better place for agri-food processing trade: Official
- GCPTCL & GMB sign concession pact
- Another sterling performance achieved by Mumbai Port - Highest ship berth-day output, shortest turnaround time
- CCT betters June throughput record in July
- Mammoth multimodal transport operations involved in NPCIL tender
- Growth essential for A-I’s success: Gogoi
- Fieo to open Nagpur Chapter - Boon for Vidarbha exporters
- Ficci study lists Chinese competition, ailing economy as reasons for falling exports to Japan
- CII decries octroi hike in Maharashtra, urges immediate roll-back to save industry
- ...calls for strict enforcement of power grid norms
- Ministry honing export strategy for services sector
- Tax concessions timely, says IMC
- Comprehensive law on SEZ likely to be finalised by August-end
- Dumping duty on imports of oxo alcohols proposed
- Maximum deduction under 80L of IT Act to be Rs 15,000
- 12th batch of Export Import Workshop from Aug. 10
- L. Mansingh replaces Lakhanpal as DGFT
- WTO rules against US in EU steel import case
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| AUGUST 2, 2002 |
- Daily Bunker market report from Praxis Energy Agents
- Singapore: Surprise as MPA reports increase in bunker sales
- Fujairah market remains relatively stable
- Oil Marketing plans extension of barging capacity in Fujairah
- Singapore: People and company news - CORRECTION
- Fujairah: ENOC expands supply capacity
- Rotterdam barge market opens lower
- Seattle avails tight, Portland OK
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| AUGUST 2, 2002 |
- MOL integrates crew manning operations in the Philippines
- EIB to provide EUR 215 million for Egnatia motorway (TEN project) in Greece
- APL expands in Puerto Rico
- Brunswick's RoRo hits new record for fiscal year 2002
- TACA gives further details on general tariff increases
- EMTA to revise IFP and BAF as from August 15, 2002
- KLM plans to launch Aberdeen-Stavanger service
- ANL appoints new UK agent
- "K" Line to set up "K" Line (Japan) Ltd. as general sales agent in Japan
- ABX Logistics: Sales rise despite falling markets
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| AUGUST 2, 2002 |
- Bollinger delivers advanced liftboat
Liftboat design and capability has attained a new level of sophistication
- First DDG-LPD swap
The Navy has awarded Bath Iron Works the contract for DDG 102
- BP plans massive deepwater Gulf spending
The oil giant expects to spend at least $15 billion during the next ten years on exploration, development and production activities in the Gulf of Mexico
- Maritrans ups dividends
Lower earnings, but higher TCE's and confidence in future
- RINA makes detention data available
Italian class society RINA has been making strenuous efforts to improve its performance ... and its showing off the results
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| AUGUST 2, 2002 |
- Army bringing troops to Tacoma onboard high-speed catamaran
- Port of Olympia invites public to Big Sky meeting on August 5
- Steel imports into U.S. make big jump in June
- Port of Portland calling for environmental partnership grant requests
- Intermodal totals push rail traffic to fifth consecutive positive week
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| AUGUST 5, 2002 |
- Highest award for Stirling jubilee effort
LORD Sterling has been made a Knight Grand Cross of the Royal Victorian Order - the highest possible award in the Order and a personal gift of Her Majesty.
- High freight increases to hit east-west trades
SHIPPERS face hefty freight rate increases on all the major east-west routes over the coming weeks as container lines attempt to restore their prices to levels of a year ago before the liner trades went into freefall.
- Indian corporations eye up Cairn Energy
THREE large Indian corporations - the state-owned Oil & Natural Gas Corporation (ONGC) and Gas Authority of India Limited (GAIL), and the country's largest privately owned conglomerate Reliance Industries - have shown interest in bidding for assets owned by Cairn Energy, Europe’s largest remaining independent oil and gas company.
- Deves fights off ‘phantom’ menace
D eves Insurance has warded off a claim by the buyers of a cargo of rice worth e 1.5m ($1.4m) which is said to have gone missing in a ’phantom ship’ fraud.
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| AUGUST 2, 2002 |
- Defiant Germany signs up for CSI
- Commodore Group sold in MBO
- US free to complete FTAs
- Finnlines lifted by Nordö-Link
- Unions pile pressure on Petrobras
- Defrauded Indian fund refused help
- Savona towage dispute resolved
- Essar sees profits collapse
- Law should follow flag says China
- NZ unions seek more tie-ups
- IMPA blasts Reef pilotage
- Keppel Smit wins Brunei deal
- India mulls seafarer bio-cards
- Philippines try better box use plan
- BC Ferries drugs bust challenged
- Torm's call in Norden bid
- Ryndam sent on sick leave
- Yemeni coast guards on course
- Mansoor rebuts kickback charges
- Aboitiz buys out WG&A partners
- TACA hikes westbound rates
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| AUGUST 2, 2002 |
- Germany to participate in CSI
U.S. Customs officials will screen U.S.-bound cargo at Hamburg and Bremerhaven.
- Traxon Europe, Syntegra in accord
In a deal that moves air cargo closer to standardized quality management, the global air-cargo network and systems integrator will offer combine services.
- British Airways profit triples
The world's largest carrier said cargo revenues held up better than passenger business in the second quarter.
- White House regains trade authority
- FMC investigates China Shipping, NVO
- APL expands in Puerto Rico
- Schneider National names new CEO
- Report: Maersk Sealand to invest In Shanghai port
- Florida East Coast CEO sees carload growth
- Net improvement for RailAmerica
- Maritrans net off in quarter
- Savi opens in S. Africa
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| AUGUST 2, 2002 |
- LPG carrier and bulker collide
Cargoship holed after collision with loaded gas carrier off the Dutch coast.
- Knock Dee charter extended
Elderly shuttle tanker gets another ten months work but at lower day rate.
- Currency gains mask poor first half at Eimskip
Icelandic owner remains dissatisfied with performance despite turning around losses.
- TACA imposes hefty rise
Westbound Atlantic liner tariff to be raised by $320 per teu.
- Finnlines profit declines
Weak economic conditions take shine off Nordo Link acquisition.
- Vietnam gears up for new shipyard project
Southeast Asian nation wants to use shipbuilding to further its development aims.
- Jeddah slashes port fees
Saudi port cuts container and ro-ro bills in half to lure big names.
- Charter profits holding up at Maritrans
US coastal tanker owner enjoys another lucrative first half, although spot rates remain weak.
- K Line creates new boxship sales company
K Line (Japan) will handle all containership sales operations for Japanese customers from October.
- Actinor confirms ship sales
Sammy Ofer pays $63.8m to add three containerships to Zodiac Maritime fleet.
- RCL wins credit to pay off debt
Asian boxship player reschedules loans for subsidiary companies.
- Doric Chariot set to stay a little longer
Salvage experts say tug needed to refloat grounded panamax won't reach ship until next week.
- Pan United inks AHTS newbuild
Singapore yard extends ties with domestic owner with third deal in as many years.
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