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| FEBRUARY 8, 2002 |
Shipping News
- Singapore may offer more incentives to lines
SINGAPORE's ports may offer added incentives to win back lost customers and hold onto existing shipping lines, a senior Economic Development Board official said yesterday.
- PSA unit commissions 4 harbour tugs
- War risk levy on US shipments cut
- Aussie navy seizes boat suspected of illegal fishing
Air and Land Transport
- Ansett goes to court to protect itself from losses
QANTAS Airways, Australia's largest carrier, and rival Ansett Holdings are going to court separately over issues ranging from a wage dispute to safeguarding the revival of a failed carrier.
- CIAS takes 49% stakein Airocean cargo unit
- Spilt fleet not viable for easyJet: Boeing
- Airbus A380 deals help lift European Aeronautic orders
- American Air to remove phones from aircraft
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| FEBRUARY 8, 2002 |
- MSC lures shipping industry students with scholarship
- Jorgensen appointed senior vice president at AP Moller
- Matson strengthens Sea Star Alliance with ro-ro sales
- PSA Group rebounds with 17.6pc growth in January
- Singapore HAC takes over neighbouring operations
- FS Mackenzie at the double
- Hong Kong signs transit agreement with Ukraine
- BA's new all-inclusive Express tariff for UK traffic
- United Cargo launches plan to enhance customer service
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| FEBRUARY 7, 2002 |
- Air France optimistic about recovery
- Vopak acquires terminal in Mexico
- Vos Logistics joins the Transwide platform
- P&O and BP sign fuel procurement agreement
- World Economic Forum with 'Disaster Network'
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| FEBRUARY 8, 2002 |
- GE Shipping, Essar & Videocon among top players eyeing stake in SCI
- Maersk Sealand starts dedicated weekly feeder service between Tuticorin & Salalah - m.v. Maersk Atlantic makes maiden call
- Canada aiming at doubling bilateral trade in 3 years
- Fresh tenders for Vallarpadam terminal soon: Vedprakash
- Naphtha, kerosene prices cut, FO, LSHS costlier
- Andhra Pradesh may ink pact for Shamshabad airport by June
- Timely measures to clear roadblocks to reforms hailed
- List of items covered by Essential Commodities Act to be further pruned
- Sale of 3 ITDC, HCI hotel properties gets Cabinet nod
- Rana assures synthetic textile exporters all help to perform better - SRTEPC award for excellence in exports awarded
- Mega 3-day event this weekend to lure investors to Gujarat
- EEPC award for Wapcos
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| FEBRUARY 7, 2002 |
- Steady market in Piraeus
- Healthy markets in Gibraltar and the Canaries
- Avails OK in Italy
- Kuwait's oil gathering centre back on stream
- EIA sees growth in oil demand in the long term
- Fire at Saudi Arabia's Ras Tanura oil terminal
- Some tight avails in the US Gulf
- Rotterdam slightly softer in the afternoon
- North European market review
- Pre-holiday market tight for prompt in Singapore
- Residual oil stocks little changed in Singapore
- Rotterdam morning market report
- Mixed demand and firmer fuel oil in Korea
- Hong Kong market slightly firmer
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| FEBRUARY 8, 2002 |
- ABX Logistics España opens new branch
- Freight volumes on Spain's roads grow
- T&B builds reefer warehouse in Seville
- Antram calls for an adjustment of diesel prices
- Tertir controls container handling in Lisbon
- GLS buys Italian parcel service provider DGE
- Italmondo increases its share capital
- D.Logistics: Major contract in Italy
- DME with Società Musquera di Les Franqueses del Valles
- Truck tax in Italy?
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| FEBRUARY 7, 2002 |
- Horizon Shipbuilding files for Chapter 11
Privately held Horizon Shipbuilding, Inc., Bayou La Batre, Ala., filed for Chapter 11 bankruptcy protection on January 25.
- MSC charters high speed cat
The U.S. Navy's Military Sealift Command has awarded a $31 million, 36-month contract to Austal Ships Pty. Ltd., Henderson, Australia, to operate a high speed catamaran fo rthe U.S. Marine Corps' Third Marine Expeditionary Force
- Austal USA delivers first boats
Two 150 ft Crew / Supply vessels have been completed and handed over by Austal USA to owners Otto Candies LLC ahead of the contracted delivery date.
- Next USCG Commandant nominated
President Bush has nominated Vice Admiral Thomas H. Collins, 55, to be the 22nd Commandant of the United States Coast Guard.
- Carnival ups Princess bid
Carnival Corporation has raised its bid for Princess to 3.8 billion pounds ($5.4 billion)).
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| FEBRUARY 8, 2002 |
- Con Evergreen Taranto decolla nei container
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| FEBRUARY 8, 2002 |
- Erika liability fear sank Rina-BV deal
CONCERNS about liabilities linked to the Erika disaster caused Bureau Veritas to pull out of its deal with Italian partner Rina, the French classification society has revealed.
- Onwards and upwards for Clarkson’s Fulford-Smith
THE rise of Richard Fulford-Smith at Clarkson, the world’s largest shipbroker, continues with his appointment to the new position of managing director of H Clarkson & Co, the group’s main UK operating subsidiary, writes Tony Gray.
- Princess bid battle faces Valentine’s Day crunch
THE pressure on P&O Princess’ board intensified yesterday after Carnival raised its hostile bid for the British company to 550p a share from 515p.
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| FEBRUARY 7, 2002 |
- ICTSI makes empty promises
- Blue Sky in Durban collision
- HDW blames losses on Schelde Gears
- Tsakos Energy prepares for listing
- Carnival raises P&O bid yet again
- Dragaport wins Aratu contract
- Ageing tonnage worries Korea
- Ships undercut Siberian landbridge
- K-Line, PSA Corp diverge on rates
- Kodima prepared for salvage
- HK owners target ship side frames
- Oman cracks down on pollution
- Scandlines' future causes split
- STCW dismissed as 'compromise'
- Container stowaways reach Helsinki
- Security fears savage Dubai cruises
- New round of bids for Vallarpardam
- Russian trader targets Nakhodka
- Bulker detained in Chile for drugs
- Guyana and Suriname agree on oil
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| FEBRUARY 7, 2002 |
- Collins to head U.S. Coast Guard
President Bush has nominated Vice Admiral Thomas H. Collins to be the 22nd Commandant of the Coast Guard.
- Despite U.S. absence, FMC still policing trans-Pacific
The Federal Maritime Commission is continuing to exert its regulatory authority in the largest U.S. trade lane, a commissioner says.
- Air Canada posts $1.25B loss
- UPS: No interest in Tyco
- ICTSI adds empty box depot in Manila
- Wilmington adds fruit imports
- FedEx in Mexico alliance
- Pakistan war risk surcharge reduced
- Cautious Singapore outlook
- CF AirFreight names Erickson, Morgan
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| FEBRUARY 8, 2002 |
- Pan Ocean a retrouvé un second souffle
Le grand armement sud-coréen Pan Ocean Shipping évolue désormais dans des eaux plus calmes, un accord ayant été conclu avec ses créanciers par lequel des dettes sont converties en titres pour un montant de 177 millions d’USD. Les créanciers ont également accepté le plan de restructuration. Par cet accord, les banques, à savoir Korea Development Bank, Korea Exchange Bank, Hanvit Bank et Chohung Bank, sont devenues les actionnaires majoritaires et contrôlent donc désormais cette entreprise fondée en 1966, mais qui était placée sous contrôle juridique depuis 1993. Entre-temps, Pan Ocean a effacé des dettes pour un montant de 770 mio. de’USD dans le cadre d’un plan de réorganisation sur de huit ans.
- “Il reste toujours de la marge pour continuer à réduire les coûts”
L’année écoulée a été bonne pour DAF, qui a contribué aux bénéfices de Paccar. Cette année-ci, on peut s’attendre à une forte baisse du marché, mais une guerre des prix semble peu probable. C’est ce que nous a déclaré dans une interview exclusive James G. Cardillo, le président de DAF Trucks, en marge du salon RAI à Amsterdam. Selon lui, le constructeur continuera à réduire ses coûts en permanence, car il y a toujours une marge de manoeuvre pour poursuivre les efforts en la matière. Un des moyens utilisés sera le développement de synergies avec Kenworth et Peterbilt. Cardillo n’exclut pas que cela pourra même se faire dans le domaine des moteurs, même si dans l’état actuel des choses, c’est peu probable.
- Le port de Lille commande trois barges de poussage à containers
Les administrateurs du port français de Lille ont passé commande, à l’issue d’un appel d’offres international, auprès du Chantier Naval Meuse et Sambre de Beez près de Namur pour la construction de trois barges de poussage à containers. La livraison de la première barge est prévue en août.
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| FEBRUARY 7, 2002 |
- Oglebay Norton dives into red
Great Lakes fleet operator attributed the 2001 loss to ongoing restructuring efforts within the company.
- Strong LNG ship demand projected for 2006
Several LNG producers have not covered their 2005 onwards ship requirements.
- Patriot returns to Holland America
The American Classic Voyages' cruise ship was auctioned off in Hawaii last week.
- POL sails into the black
Slimmed-down owner Polish Ocean Lines has made a profit for the first time since restructuring.
- New role for 'Fulford'
Clarkson's S&P 'legend' has a new position made for him, as broking house prepares to "give it more oomph".
- Galatea moves to Lloyd's
Marine E&O underwriter consolidates Lime Street links.
- Wisjmuller aiming to move Kodima over weekend
Salvors airlifted from cargoship grounded off UK, as worsening weather delays refloating attempt.
- Carnival raises P&O Princess bid
Battle of cruise giants goes up gear as rival suitor ups stakes and adds condition.
- Brodosplit losses pile up
Yard tops loss-making list of Croatian state-owned shipyards.
- Foreign owners may back SCI bid
Teekay, Exmar and MISC named as potential partners but Sanjay Mehta says no deal done.
- New Russian grain terminal planned
Industrial group Interros wants to invest $40m in new facilities at St Petersburg.
- Asset sales propel Wartsila to bigger profit
Disposal of stakes in Finnish company's non-core businesses offset falling demand for ship engines last year.
- Kirby may get rating boost
US barge and tug boat operator is projected to perform well in 2002.
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