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| MAY 7, 2002 |
Shipping News
- High-tech marine industry can beat low-priced rivals
AN 'upgraded' Singapore marine industry increasingly focused on high-technology and niche shipbuilding will mean Singapore should be able to fend off increasing pressure from low-priced competitors, said the Minister of State for Education and Manpower yesterday.
- Industry awaits details of changes to AIS scheme
- IMC, MISC to operate bulk carrier pool
- HK port operators forecast traffic growth
Air and Land Transport
- KLM seen posting full-year loss though worst is over
KLM is expected to swing to a full-year loss tomorrow, but analysts say it is past the post-Sept 11 worst and will be looking for news on the Dutch flag carrier's restructuring and how it plans to reap the fruits of economic recovery.
- European airlines' passenger traffic falls
- Korean Air's China flights to boost revenues
- Qantas CEO denies plan to cut jobs
- Bangkok's new airport to open for service in Q3 2005
- Air Philippines resumes HK flights
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| MAY 7, 2002 |
- Revenue flat, profit up at Panalpina
- Northport reports lower profits, expands berths
- Awards jump in stature
- Delta, Air Jamaica to offer South America codeshares
- Emirates scores again as Airline of the Year
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| MAY 6, 2002 |
- European March cargo traffic down
March cargo traffic for European airlines dropped 9.5 per cent from the same period last year as capacity cuts following September 11 and changes to summer timetables took effect. 'AEA members' traffic in March was 7.9 per cent lower than in March 2001, although a number of factors combined to influence this figure.
- US penalties shipping companies
The Federal Maritime Commission announced ten compromise agreements recovering civil penalties in an aggregate amount of $764,500, with companies like Eurasia Freight Service and Hanjin Shipping.
- Cargo portal United, Northwest and Air Canada
United Airlines, Northwest Airlines, Air Canada and Unisys Corp. announced Cargo Portal Service, to be launched by the end of the year.
- Cherie Blair runs transport seminar
Cherie Blair, the prime minister's wife, has stepped into one of the UK government's most controversial policy areas by chairing a Downing Street "summit" on the future of transport.
- Suspect of insider trading Railtrack
Schroder Salomon Smith Barney, part of Citigroup, is to carry out an internal probe following reports that the Financial Services Authority is looking at a share trade as part of its inquiry into unusual trades in Railtrack shares in the UK.
- Panalpina profit up 20.5 per cent
Panalpina raised its gross profit by 7.7 per cent in 2001, to CHF 1,280 million.
- PSA up 20 per cent
The PSA Group continued to register growth from its port operations in Singapore and around the world. Global throughput surged 20.2 per cent for the first four months of 2002.
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| MAY 7, 2002 |
- Govt offers 3 investment routes for SCI bidders
- Bank of Oman set to fund Greenfield’s LNG transport
- Incentives in inland water transport sector draws industry’s interest
- Hapag-Lloyd Group’s operating profit surges by 20 pc in 2001 - Container volumes up by 8 pc to 1.7 m TEUs
- In India, 3PL/4PL is in its infancy - Ms Sheila Naravane, GM - India & Nepal, APL Logistics (India)
- Tirupur keeps garments export flag flying high
- Indiatech at Subcon 2002 a resounding success - $ 3.2-m spot orders, $ 7-8-m inquiries generated
- Ample scope to boost exports to US seen
- New Mangalore Port establishes coke discharge record
- Concor to launch 1st LCL Hub Point at Cochin Port today
- IDGAD: Dumping duties gave industry level playing field to boost output
- Power generation, distribution units permitted in SEZs
- AEZ in Malwa region envisaged
- Japanese aid for CSB sericulture project
- Finance Ministry framing terms for procurement incentives in SEZs
- Forex reserves touch $ 55.316 bn
- Sugar purchase, storage, movement curbs off
- Steel sector gets glint of recovery
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| MAY 6, 2002 |
- Roadway express: expanded Direct Service Coverage in Mexico
- Emirates reports a remarkable performance for fiscal year 2001/2002
- Port of Oakland receives new super post-panamax cranes
- United Airlines to launch web portal
- Hapag Lloyd grows faster than its competitors
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| MAY 6, 2002 |
- ABS launches guidance notes for floating LNG terminals
ABS launches its "Guidance Notes for Building and Classing Offshore LNG Terminals" at this week's OTC event
- Water-injected Wärtsiläs for products tankers
Direct-water injection is part of the spec for the main diesels in a series of 14,000 dwt products/chemical tankers
- Viken opts for electronically-controlled MAN B&W diesel
A high-spec shuttle tanker will have an electronically controlled main engine
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| MAY 6, 2002 |
- International Trade Commission finds Canadian lumber imports harm U.S.
- Washington State Ferries raising rates May 12
- Coast Guard warns skippers to be prepared for upcoming Puget Sound boating season
- Evergreen launches latest P-type container vessel
- Transportation secretary welcomes graduating class of border inspectors
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| MAY 6, 2002 |
- Sale of URC May be Completed by 2004
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| MAY 7, 2002 |
- Chirac poll win boost for French tonnage tax
PROSPECTS for the early introduction in France of a tonnage tax, defiscalisation of seafarers’ salaries and new tax incentives in favour of ship investment looked brighter yesterday following the election of Jacques Chirac for a new mandate as French president.
- Brokers remain cautious despite 20% surge in VLCC returns
VERY large crude carrier returns have surged by more than 20% in just seven days, but brokers remain reluctant to sound the all clear, writes Carly Fields.
- Zim and Maersk Sealand charter three former ADCL boxships
MAERSK Sealand has chartered two of the former Abu Dhabi Container Lines ships now managed by V. Ships, with Zim Lines taking the third.
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| MAY 6, 2002 |
- U.S., Canada set to OK border plan
The joint security program would pre-clear low-risk shipments before they reach crossings.
- High inventories threaten recovery
High inventory levels at West Coast warehouses do not bode well for a strong recovery during the second half of this year, a financial analyst said.
- FedEx appeals to Britain for special air cargo rights
- Pakistan presses carriers to drop surcharge
- ECargoService a dot-com bust
- Celarix settles Descartes litigation
- MISC, IMC in bulk joint venture
- Aer Lingus names Mercado
- New express service to Afghanistan
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| MAY 7, 2002 |
- Verslype devra apposer une seconde signature
Après les événements tumultueux de la semaine passée et la démission à peine une semaine après sa nomination du nouveau CEO de la SNCB, Christian Heinzmann, le nouveau conseil d’administration des chemins de fer tenait sa première assemblée. Pas le moindre mot sur les raisons du départ de Heinzamann. Le président du conseil, Alain Deneef, a insisté lors d’une conférence de presse organisée à la hâte sur le fait que tous les dossiers en cours seront traités.
- WWL reprendra-t-il la flotte car-carrier de Hyundai MM?
Il y a quelque temps déjà Wallenius Wilhelmsen Lines (WWL) annonçait son intention de reprendre la flotte car-carrier que Hyunday Merchant Marine met en vente dans le but de générer les moyens financiers dont il a besoin pour consolider ses activités containers. L’offre porte sur 1,8 mia. de dollars US et sur quelque 70 car-carriers.
- La métallurgie allemande est engagée dans un conflit qui pourrait avoir des conséquences pour Anvers
Lundi dernier, le puissant syndicat métallurgique allemand IG Metall, qui compte 2,7 mio. d’adhérents, avait organisé une première journée de grève générale du secteur, ceci pour démontrer au patronat qu’il entend bien obtenir satisfaction dans le cadre des négociations salariales, qui durent depuis des semaines et ce sans résultat. Rappelons que le syndicat réclame une adaptation salariale de 6,5 à 7%, alors que le patronat n’entend pas aller au-delà de 3,3% sur une période de 15 mois, plus une prime unique de 190 euros. La dernière grève dans ce secteur date d’y il a sept ans et le mouvement fut rapidement solutionné. Cette fois-ci cependant, le contexte économique de l’Allemagne est quelque
peu différent, en ce sens que l’économie est actuellement à la traîne.
- Setaf-Saget envisage d’acheter des vraquiers de 55.000
Via sa filiale spécialisée Setaf-Saget, le Groupe Bourbon (siège à Paris) est très engagé en transport maritime de vracs secs. Cette activité bénéficie d’une croissance régulière. Au titre de l’exercice 2001 elle a franchi le cap des dix millions de tonnes de marchandises transportées. Cela, pour un chiffre d’affaires de 107,5 millions d’EUR, soit +10,8% par rapport à 2000. De surcroît, le résultat d’exploitation est passé à 6,3 millions d’EUR en 2001, soit +85,3% par rapport aux 3,4 millions d’EUR de l’année 2000. Face à de tels résultats, on comprend que Jacques de Chateauvieux, président du Groupe Bourbon souhaite accélérer en transport de vracs. Ce qui le conduit notamment à envisager l’achat de navires
atteignant 55.000 tpl (tonnes de port en lourd).
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| MAY 6, 2002 |
- Moller rules out stock split
Call for moves to cut more than $7,000 cost of single share rejected.
- Carnival faces treble trouble
Shipyards, travel agents and ports signal concern over P&O Princess bid.
- CSL reflags Australian bulker
Crew sit it out on CSL Yarra and protestors target company office as manning dispute escalates.
- Solvang profit inches up
Weak gas carrier market knocks back revenue for Norwegian owner.
- MISC and IMC form bulker pool
Asian shipowning giants cement long-term ties with handysize venture.
- Capt Rinnan would do it again
Renowned ship's master receives a grateful memento on his final voyage.
- China pays big bucks to scrap Essex
European Navigation's ULCC has earned good money in last six months of its life.
- Germany issues ship hijack warning
Unconfirmed intelligence prompts cruise and ferry alert.
- Pertamina poised for VLCC retender
Fred Cheng VLCC offers tempting rate but cannot meet delivery deadline.
- Cosco Hong Kong regroups S&P arm
Group investment unit buys Cosco International Ship Trading Co.
- Germanischer Lloyd moves up a class
Classification society joins top five as fleet in service surpasses 37m gt.
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