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| AUGUST 6, 2002 |
Shipping News
- Lines raising charges on higher cargo volumes
STRONGER than expected cargo volumes have prompted a rash of hefty rate restoration announcements in the past week, as container lines attempt to restore profitability following last year's freight rate collapse.
- S Korea urged to tighten cargo security
- Evergreen set to order US$1.5b worth of ships
- UK warship awaits calm seas for towing
Air and Land Transport
- Air Canada flies back into the black in Q2
A leaner Air Canada flew back into profit after a string of losses, describing itself as the sole international airline in North America to post a profit in the second quarter.
- Virgin Blue's initial share sale likely next year
- Emirates starts Dubai-Perth non-stop flights
- Lufthansa to buy 10 A330s
- KLM's passenger traffic down 6% in July
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| AUGUST 6, 2002 |
- K Line revamps box business, creates stand-alone sales
- APL opens Puerto Rico subsidiary, names GM
- TACA carriers to raise westbound Atlantic tariff
- FEFC carriers to raise Asia-Europe box rates
- Malaysia's PTP aims for 10 million TEU in 2005
- MOL merges Philippines crew manning operations
- APL, Hapag-Lloyd sign up for US Customs security pact
- Qantas freighter undergoes maiden, test flight
- Guangzhou's Baiyun airport set for October 2003 launch
- UPS: Filipino intra-Asia hub boosts volume
- Ryder System: Ryder TRS/Budget is not one of us
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| AUGUST 5, 2002 |
- Strong container growth Hamburg and Antwerp
Hamburg and Antwerp both reported high volume gains in containers, with more than 12 and 14 per cent while other European ports are lagging behind.
- Consultants happy with Railtrack mistakes
Railtrack spent at least 225 illion pound on consultants and temporary staff last year - nearly 10 per cent of its total budget to run the rail network. The bill, which some claim is even 350 million, has shocked industry leaders.
- PSA Singapore volume up
PSA's container terminals in Singapore handled 1.48 million Teu in July 2002, the highest throughput achieved in 23 months.
- Much higher load factor KLM Cargo
KLM said its load factor in Juli rose from 65.1 per cent till 71.1 per cent, a huge growth.
- Evergreen and Zim sign slot agreement
Evergreen has signed a slot exchange agreement with Zim Israel Navigation Co, effective end of August 2002.
- 'Solid results' TNT Post Group
The TNT Post (TPG) share was down 1.7 per cent at 17.05 euro till this afternoon after TPG announced rather results and expectations in line with market expectations.
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| AUGUST 6, 2002 |
- Rayon, synthetic textiles exports register 32 pc increase
- VMAI favours phased imports of Nepalese vanaspati
- Exporters invoicing goods against euro, pound reap bonanza
- CII official signs pact with Iran’s Yazd province
- Rubber exported to Bangladesh
- Pinto unfolds plans to boost ports’ capacity at MEDC seminar
- MoS: No letting outside agencies inspect ports
- Ports under GMB handle 82.54 mt, earn Rs 102.61 cr. net profit - 100 mt targeted in 2003-04
- 9 port-road link projects under full swing - Kandla Port already connected to NH-8
- Recurring problem of ICD-bound boxes at JNPCT/NSICT worries exim trade - Concor acts to whittle down surge in pendency
- BA taps rising Westbound cargo from India
- Forex reserves fast heading towards $ 60-billion mark
- CEOs vision of double-digit growth in 2002-03 dampened by dry spell
- AILBIEA: Octroi hike a major blow to soap makers
- Inflation rate inches by 0.25 pc up to 2.73 pc
- MP Cabinet clears SEZ policy
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| AUGUST 5, 2002 |
- OPEC vs Russia
- Another OPEC quota increase?
- Crude oil opens little changed on US-Iraq tension
- OPEC basket firmer, Algeria wants higher production quotas
- Rotterdam barge market opens firm
- London broker expands team with sales executive from Bunkerworld.com
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| AUGUST 5, 2002 |
- Zim and Evergreen sign slot exchange agreement on the Far East-Mediterranean trades
- MENZIES AVIATION GROUP ACQUIRES ON-AIRPORT CARGO FACILITY IN SYDNEY
- F. S. MACKENZIE NOW READY FOR TURKEY DELIVERIES
- Change in JSC "Sea port of Saint Petersburg" management
- New appointments at Evergreen
- Inland shipping freight market, week 31, 29th July/2nd August, 2002
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| AUGUST 5, 2002 |
- Union blocks ANL crew switch attempt
The Australian Industrial Relations Commission today granted an "interim exceptional matters order" that bars shipping company ANL Australia from sacking the crew or selling the ship, OOCL Australia, berthed in Taiwan.
- Response joins Crowley fleet
North Puget Sound waters are now getting increased protection with deployment of the latest tug to join Crowley's ship assist and escort services group.
- NASSCO, TOTE christen trailership
National Steel and Shipbuilding Company (NASSCO) and Totem Ocean Trailer Express, Inc. (TOTE) have christened the M. V. Midnight Sun, the first commercial dry cargo vessel to be built in the United States in 10 years.
- More Bingo blues for Ocean Rig
Ocean Rig has announced a delay in delivery of its second Bingo rig Eirik Raude plus added costs
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| AUGUST 5, 2002 |
- Coast Guard celebrates 212 years of service
- Germany joins U.S. Customs' Container Security Initiative
- Port of Tacoma boat tours offer a good time on GOODTIME II
- Federal grant boosts Port of Seattle's natural gas-powered vehicle program
- Navy sends $464 million destroyer job to Bath Iron Works
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| AUGUST 5, 2002 |
- Luxury Ferry to Serve Kenya and Tanzania
- Avoid Somali Coast - IMB
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| AUGUST 6, 2002 |
- Mystery over death in cruiseship cell
A MAN has died on board a Royal Caribbean Cruise Line in circumstances that are yet to be fully clarified, writes David Osler.
- Taipei to sell Yang Ming stake
The Taiwan government has signaled its intention to sell its 43% stake in Yang Ming as part of an on-going privatisation of Taiwanese state companies.
- Chen’s remarks inflame tension
AFTER a prolonged period of thawing in cross-strait relations between Taiwan and mainland China, outspoken remarks made by Taiwanese president Chen Shui-bian at the weekend are likely to cool moves to closer co-operation and anger many of the island’s shipping tycoons, writes Sam Chambers in Hong Kong
- South Korea ready to join in US terror battle
SOUTH Korea is ready to sign an agreement to accept US Customs officials and purchase state-of-the art container scanning equipment despite concerns voiced by the local shipping industry, according to an official of the Ministry of Maritime Affairs and Fisheries.
- UK shippers want rates to include security
UK shippers want the extra costs of container security to be incorporated into freight rates rather than levied as a surcharge.
- Lloyd's List Focus- Maritime security under the spotlight
LLOYD'S List has made the whole maritime security issue one of its highest priorities, and you will find below a number of the articles that tackle this crucial issue.
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| AUGUST 5, 2002 |
- P&I club warns of stowaway cost
- Seattle lays off ahead of downturn
- China Shipping terminal under fire
- Malaysia eyes Lankan ports
- Kvaerner Masa joins e-portal
- Panama Ports write-off ‘is legal’
- Nino hull damage confirmed
- ITF shifts its Filipino focus
- Seoul shipbuilding talks to resume
- Ships caught in Cape storms
- Jurong guarantee on Petrobras VLCC
- Towage tariffs to rise after ruling
- Statendam towed back to Vancouver
- Wijsmuller buys companies back
- Louis looks at Lebanese alternative
- US relaxes Aqaba inspections
- Saudi bid to boost domestic cargo
- October expansion for Geraldton
- Higher rates to cover security cost
- ANL to appeal against crew ruling
- Owners bid to allay pilotage fears
- Delhi levies new service tax
- Caspian concern over tanker safety
- FEFC hikes its rates
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| AUGUST 5, 2002 |
- Ports get $125M for security
The 2002 supplemental appropriations bill for homeland security had good news for ports and bad news for U.S. shipyards.
- Chang to lead Evergreen America
Marcel Chang has been named chairman of Evergreen America Corp., replacing Owen Wu, who resigned for personal reasons.
- KLM cargo up in July
Air freight continued its rebound as KLM Royal Dutch Airlines said volume jumped 7 percent in July with traffic on the North Atlantic route almost back to 2001 levels.
- Blust FMC nod confirmed
- Zim, Evergreen in Far East-Med slot deal
- TPG reports strong 2Q
- CNS adds two airlines
- World Airways begins Pacific Air Services
- Sea Star names Ackerman
- New box port for India west coast
- UTU OKs railroad pact
- NTE says transactions grow
- U-Freight names Sri Lanka partner
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| AUGUST 5, 2002 |
- Genmar insiders plan to sell stock
Shareholder registers to sell 370,000 shares near 52-week low price.
- Queen Mary 2 boasts strong bookings
Strong demand on first public booking day "exceeds all expectations."
- Navion feels the pinch
Currency gains prop up net profit, but weak tanker market slashes operating result.
- Trinity beefs up defense against lawsuit
Largest US barge builder sets up new website to answer queries on corrosion problem.
- Tallink's competitors eat into market share
Silja Line and Nordic Jet Line build Helsinki-Tallinn ferry business at expense of Estonian operator.
- Korea-EU shipbuilders set for final showdown
Last ditch attempt to resolve long-running shipbuilding subsidy battle to be made later this month.
- Great Eastern borrows to buy SCI
Big loan ready if Indian owner wins race to control state rival.
- Qatar Shipping profit halved
Doha-based owner backs home-grown LNG expansion in earnings drive.
- CSDC exercises Guangzhou options
Appetite for tankers shows no sign of slowing at China Shipping Development Company.
- Trasmediterranea poised for growth
New owners of Spanish ferry operator to splash out $207m between now and 2008.
- Negros returns to the black
Interim figures for the Filipino firm have shown a sharp turnaround from twelve months ago.
- Doric set for Tuesday refloat attempt
Salvors plan to remove ship on high tide, as owners say sorry to Aussies for grounding.
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