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| APRIL 8, 2002 |
Shipping News
- S'pore can still hit 17m TEU throughput target this year
PSA Corporation remains confident of achieving its 17 million TEU Singapore throughput projections this year despite Evergreen's departure in September.
- Profit at Singamas Container boosted by fall in material costs
- Aussie minister warns countries to avoid unilateral security action
- Boat sinks off S'pore
Air and Land Transport
- Qantas' start-up airline aims for first-year profit
QANTAS' subsidiary budget carrier, Australian Airlines, could post a profit in its first year of operation under a blueprint aimed at shaving 30 per cent from its parent company's operating costs.
- Virgin Blue may bid for Sydney airport terminal
- Narita has 2nd runway after 20 yrs
- ANA cuts 2001/02 loss forecast
- Kuwait Airways expects Sept 11 attacks to increase losses
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| APRIL 8, 2002 |
- Hutchison Delta Ports purchases new equipment
- PSA announces results
- NOL chairman steps down
- AP Moller reports liner losses
- Cathay Pacific to reinstate suspended flights
- AEA February traffic shows little improvement
- KLM row with Russia brews
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| APRIL 5, 2002 |
- 20 per cent higher net for Panalpina
Panalpina, the worldwide forwarding and logistics group, reported good results for the 2001 business year.
- New CFO US Airways
US Airways CEO David Siegel announced major changes in the company's executive leadership and organizational structure.
- US agrees with United/BMI alliance
The U.S. Department of Transportation (DOT) granted antitrust immunity to an alliance between United Air Lines and British Midland Airways (BMI).
- BA cargo just slightly down in March
Cargo of British Airways in March 2002, measured in Cargo Tonne Kilometers, fell by 2.5 per cent, compared to March 2001. This was the best performance since Sept. 11, 2001.
- Loss for too fast growing D.Logistics
D.Logistics, a German provider of logistic services, reported an after-tax loss of 25.7 million euro, three times as highas the year 2000 loss.
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| APRIL 8, 2002 |
- SCI clears entire govt debt
- Tolani Shipping Chairman gets Varuna award
- ACL vessel m.v. Kota Teraju makes maiden call at Mumbai Port - Lively interactive session & get-together organised
- Pisces Container Lines opens Indore offic
- ANL, China Shipping, OOCL & Zim announce new Australia to N. Asia service
- Mormugao Port traffic handling increases by 17 pc in 2001-02 - Priority for 2 new berths to handle large vessels
- KPT achieves ship turnaround time of just 4 hours!
- Paradip Port posts 6 pc increase in cargo handling - 30 operational records achieved in 2001-02
- Now, China Airlines homing in on India
- Textile Ministry may seek more cargo space in A-I
- KASEZ exports up by Rs 21 cr. in 2001-02
- Coir exports up by 57 pc rise
- Oilmeal exports post robust 29 pc growth
- Transparent procedures for global food trade stressed
- IGCC seminar on Exim Policy on April 22
- IMC Bajaj Quality Awards for Indo-Gulf, Satyam; Juran Medal for Dr J. J. Irani
- Cabinet panel approves TAMP Chairman term extension
- Ficci, CII teams to accompany PM to Singapore
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| APRIL 5, 2002 |
- Producers take advantage of higher oil prices to increase output, oil falls sharply
- US peace imitative overshadows hawkish Iranian stance, OPEC's Rodriguez thinks oil prices will fall
- Chile market report from PMC
- ICE and IPE Report Record Volumes
- Rotterdam midday market report
- Iran's supreme leader calls for oil embargo against the West
- PDVSA workers' strike well underway
- LA and San Francisco market snapshot
- Avails remain tight in the Pacific Northwest
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| APRIL 5, 2002 |
- Washington State settles ferry wake suit
The State of Washington and property owners along Rich Passage earlier this week announced a settlement in a lawsuit claiming waves from high-speed ferries caused environmental and property damage
- Reorganization at Heidenreich
Privately-held Heidenreich Marine Inc.now has a new organizational structure.
- Alford quits FGH
John Alford has resigned as president and CEO of Friede Goldman Halter. Jack R. Stone, Jr., currently serving as the CRA (chief restructuring advisor) to FGH, is now also wearing the president and CEO hats.
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| APRIL 5, 2002 |
- Port of Seattle and SSA open newly expanded Terminal 18
- Remember to spring ahead as daylight saving time returns
- MOL adding port calls to Trans-Atlantic service
- Port of Everett executive director will head AAPA North Pacific Caucus
- US rail freight traffic takes nosedive in March
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| APRIL 8, 2002 |
- Lutine Bell tolls sad farewell to the Queen Mother
GOODBYE... and not quite goodbye. Lloyd’s bade farewell to one of its great supporters, Queen Elizabeth the Queen Mother, on the day her lying in state began, writes James Brewer.
- Hot chips fill China cargo capacity
OCEAN carriers and freighter airlines are struggling to cope with a sudden surge in exports from China which has created a squeeze on cargo space.
- Lloyd’s List leads
LLOYD’S List has strengthened its leadership as the newspaper of record for global maritime and insurance industries.
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| APRIL 7, 2002 |
- Halifax tightens cruise security
- New CEO for Friede Goldman
- Spill proceedings move to Galapagos
- Ro-ro deaths puzzle investigators
- Second enclosed facility to open
- Pakistan launches tonnage tax
- SCI pays off government loans
- Seafarers missing after ship sinks
- US to ship aid to Zimbabwe
- Beirut shippers demand new cranes
- Cochin misappropriation revealed
- Kumba to boost Saldanha exports
- Mombasa selected as SAR centre
- Thailand to strengthen Yunnan links
- HMM share price soars
- Singapore volumes continue to rise
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| APRIL 5, 2002 |
- Maersk Sealand sees better rates
The world's largest container line expects global rates to rise in 2002, and that could boost its parent's fortunes.
- U.S. gives approval for trans-Atlantic air alliance - with one condition
The antitrust immunity between United Air Lines and British Midland Airways is subject to the U.S. and Britain negotiating a bilateral aviation agreement within the next six months.
- Panalpina profits surged in 2001
- March record for PSA’s Singapore terminals
- Australia warns against "unilateral" security measures
- Lumber reappears at Dultuh port
- Business slams Sri Lanka fuel tax
- British Airways adds cargo fuel charge
- Van der Jagt to lead ESC
- Georgia loses bid to block S.C. terminal project
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| APRIL 5, 2002 |
- Northrop chief gets $3m bonus
Kent Kresa was rewarded for the US defense contractor's strong 2001 performance.
- Eleven rescued after Libyan vessel sinks
Libyan-registered bulk carrier EBN Hawkel sank off the coast of Algeria in bad weather Thursday.
- Ship sales bolster Actinor
But parent company Bongo has to face the music this year on internal loans.
- Ferrostaal to buy HDW shipyard stake
The German industrial services firm will close the deal by 1 October.
- Leif Hoegh plans payout
Shareholders to benefit from financial revival after two years of missed dividends.
- DNV moves against terrorism
Class society to offer security certification for cruiseships and ports.
- Bollore profit boost
Transport activities advance French shipping and industrial group.
- Tschudi & Eitzen bag bulkers
Norwegian ower tests out Japanese yards for first time with handymax order spree.
- Slovenska Plavba sold for $7.4m
Blue water shipping business to be hived-off by new owners.
- Navion grasps another suezmax
Tanker owner takes Viken newbuilding on long-term charter.
- Seatrans swings into the black
Bergen-based shipowner returns to profit but faces weaker liner contribution this year.
- O-J Libaek profits climb
But Norwegian broker expects weak tanker market to axe 2002 revenue.
- Police name Dubai Drydock victims
Official government figures put final death toll from flooding disaster at 29.
- FESCO profit shrinks
Russia's Far Eastern Shipping Co may have less cash for fleet renewal than first hoped.
- PSA sees highest throughput in 17 months
PSA posts bullish box figures in wake of Evergreen decision, but fresh rumours say PTP is now after Hanjin.
- Teekay quarterly dividend remains unchanged
Only three things are certain in life - death, taxes and a dividend of $0.215 from the aframax giant.
- PDVSA workers on strike
Operations at several refineries and distribution centers are partially or totally paralysed.
- FGH names new chief
Jack Stone will take over from outgoing John Alford on Friday.
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