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| AUGUST 8, 2002 |
Shipping News
- Johor poised to complete another speciality terminal
A new bulk petroleum cargo port in Johor, complementing the ports at Pelepas and Pasir Gudang, is to begin operations in January, completing a stretch of multi-speciality terminals in the southern Malaysian coastline facing Singapore.
- PSA launches $1m upgrade to haulage services
- Maersk, Evergreen eye Xiamen terminals
- CIS may buy 2nd China shipyard next year
- Tugs free Greek bulk carrier from Aussie reef
Air and Land Transport
- Airlines cut fares to lure back business travellers
AMERICAN Airlines and Northwest Airlines have lowered their business fares by 20 per cent on most domestic routes where they compete, with other airlines matching the discounts to various degrees.
- Cebu Air to start daily flights to S'pore
- Recovery slower than expected: JAL
- CAL compensates kin of victims whose bodies are still missing
- Milan airport to close for repairs
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| AUGUST 8, 2002 |
- CP Ships completes Italia takeover, names new board
- DCL introduces direct, weekly LCL service to Cyprus
- Shandong logistics firm in venture with Maersk, Itochu
- Maersk in China box terminal
- Jeddah slashes THC for transits
- Asia box traffic lifts Hamburg, port posts mid-year 12 pc rise
- BA operating profit trebles as restructuring bites
- SIA launches thrice-weekly service to Las Vegas
- China gets tough on safety
- Emirates opens four weekly Dubai-Perth service
- British Ports sells US aviation unit in port strategy rethink
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| AUGUST 7, 2002 |
- SAS traffic slightly up
SAS Group said the yield development for the months April, May and June for are now upgraded and the final yield for 2nd
- CP Ships completes acquisition of Italia di Navigazione
LONDON, UK (6th August 2002) CP Ships Limited today completed its acquisition of all issued and outstanding shares in Italia di Navigazione from d'Amico Societ... di Navigazione S.p.A. for US$ 40 million in cash. The acquisition was announced on 30th May 2002
- Positive results Cathay
Shares in Cathay Pacific Airways rose 10 per cent on Wednesday as it reported net profit for the six months ending June 2002 of HK$1.41bn ($181 million), the first return to profit after September 11, 2001
- Milan airport closed temporarily
Airline passengers headed to Milan in the next three weeks won't be able to use the financial hub's handiest airport, Linate, but will have to travel via one of two other airports much farther away from the city center
- Bush to prevent port strike
The Bush administration has intervened aggressively in labour talks at West Coast ports, with high-level officials signalling that they are prepared to take strong action to prevent an economically crippling strike or slowdown.
- Consultant pessimistic for airlines
'But I would suspect that nearly every major airline, with the exception of Southwest, has hired bankruptcy attorneys. They have to consider the possibility. The hemorrhages after September 11 have been horrendous, and it really is the worst of times for the airlines.'
- Atlas Air Gets EVA Air 15-Month Lease Pact
Atlas Air confirmed that it leased a Boeing Co. 747-400 freighter from EVA Airways for 15 months. In July, Atlas Air Worldwide converted three airplane-purchase deals to leases, for $185 million to $214 million each.
- Praxair selected Danzas USA
Praxair Inc., one of the world's leading suppliers of industrial gases, has named Danzas North America the primary provider of transportation services for U.S. exports.
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| AUGUST 8, 2002 |
- 177 SCI employees decide to opt for VRS
- China ready to help solve trade imbalance problem
- India can tap US, European markets through Ghana, asserts Kufuor
- Oilmeal exports spurt by 16 pc
- Kolkata Port Trust again invites bids for Hooghly estuary work
- Major Ports log 10 pc growth in cargo handling in Q1
- Move to provide IPMS solutions to port trusts
- Kandla Port handles 12.66 m tonnes in April-July - Registers 40.3 pc rise in dry cargo traffic
- Vizag Port Trust to upgrade cargo transfer system
- XPS Cargo signs MoU with Japanese cos
- WB extends $ 542 m for Mumbai transport project
- Automatic prepayment of ECBs allowed till March 31, 2003
- Forex reserves total $ 59.87 bn
- Shortfall in cotton output due to poor rainfall may lead to increased imports
- More FDI coming in via automatic route now
- More export avenues being sought by Rubber Board
- Fieo feels reforms should target specific areas for export growth
- 18 FDI proposals worth Rs 610 crore cleared
- ECGC official explains details of schemes introduced
- Texprocil asks govt to take strong action against EU textile policy
- RBI panel proposes issue of e-money under stringent rules
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| AUGUST 7, 2002 |
- New bunker prices in Ecuador
- Crude prices decline further after DOEs, OPEC quota busting at new highs
- Oil quota busting
- Russian crude transhipped off Malta
- South Africa: New Bunker Manager appointed
- Daily Bunker market report from Praxis Energy Agents
- Oman bucks firmer AG Platts, hovering near 6-month highs
- African market report from GAC
- Minor gains in Fujairah as cargoes rise
- Healthy conditions in Tallinn and Great Belt bunker markets
- Bad weather holds down demand in Busan
- Normal activity in St. Petersburg
- Crude drifts lower as traders shrug off APIs
- Little change in Saudi posted prices
- Rotterdam largely steady this morning
- Little change in Suez
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| AUGUST 7, 2002 |
- CP Ships completes acquisition of Italia Di Navigazione
- DFDS deploys newbuilding on the Esbjerg/Harwich service
- DCL introduces new direct service to Limassol, Cyprus
- Ikea's goods delivered to the door
- Hanjin Shipping decides to stay in Singapore
- UK P&I Club reports weighbridge problems in Dar-es-Salaam
- Qantas freighter undergoes test flight
- UPS: Intra-Asia hub in the Philippines hub boosts volume
- Amsterdam's throughput continues to grow
- Ecu Line and Jacky Line improve services
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| AUGUST 7, 2002 |
- Halter launches barge
Halter Marine has launched the Capella,an 80,000-barrel tank barge for J&L, Inc.
- SA yard wins patrol boat tender
Cape Town's Farocean Marine has beaten international competition to win a contract for three patrol boats
- Shipping a shiploader
One of the world's most sophisticated bulk shiploaders was recently transported from Corpus Christi, Texas to Venezuela
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| AUGUST 7, 2002 |
- TOTE christens MIDNIGHT SUN at NASSCO shipyard in San Diego
- CP Ships completes purchase of Italia di Navigazione
- New website provides information on Washington's Referendum 51
- Marcel Chang named chairman of Evergreen America Corporation
- Crowley Liner Services' C-TPAT bid wins approval from U.S. Customs
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| AUGUST 8, 2002 |
- West Coast dockers lash out at Bush union assault
THE International Longshore and Warehouse Union has lashed out at the Bush administration for what it sees as an "illegal and inappropriate" intervention in the deadlocked waterfront contract negotiations on the US West Coast.
- Bergesen will sell to Sohmen if ‘price is right’
BERGESEN, Norway’s biggest shipping company, could be sold to acquisitive shipowner Helmut Sohmen if the latter is prepared to pay a high enough price, it emerged this week.
- No Enronitis for UK says Percy
IAN Percy, the international expert in standards of corporate governance who has become chairman of Lloyd’s insurer Kiln, has spoken of his conviction that the UK has the right defences in place to prevent a crisis of the dimensions of Enron or WorldCom. The Kiln chairman blamed “personal egos and high incentivised remuneration” for the scandals that have riven corporate America.
- Amerada Hess spins off product tankers
CITING a need to refocus on its core operations, New York-based oil and gas company Amerada Hess has sold its remaining six product tankers to newly-formed United States Shipping Acquisition for a price thought to be in the region of $190m.
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| AUGUST 7, 2002 |
- Lloyd’s List MD faces redundancy
- Miami defies expectations
- Russian bunkerers allege lock-out
- Filipinos seek competitive edge
- Maersk, Evergreen eye Xiamen
- Publisher extends maritime interest
- Contship to step into Norsul shoes
- Zhenhua to win Beirut bid
- Israel seeks accommodation ships
- Fishing vessel awarded reefer tow
- Crew rescued as bulker sinks
- Boxes pile up at Jawaharlal Nehru
- Subcon rates to rise again
- Silja posts healthy second quarter
- Triple blow for Gdynia workers
- LA terminal request rejected
- Norfolk Line to boost Dunkirk link
- Bergesen rumours growing
- Chariot charged for reef damage
- Belgian bunkering at Cherbourg
- ILWU wants Bush out of talks
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| AUGUST 7, 2002 |
- Customs proposes 24-hour cargo rule
The measure would require ocean carriers to file manifest information 24 hours before a U.S.-bound container is loaded on a vessel at a foreign port.
- First-half growth for Hamburg
The German port had strong growth in general cargo, and containers, in the first half of 2002.
- Grand Alliance adds China calls
Hapag-Lloyd, NYK Line, OOCL and P&O Nedlloyd are introducing a new service covering Central and Northern China ports to and from Long Beach.
- Teamsters to vote on UPS deal
- DHL seen near HK terminal deal
- Cosco launches new intermodal train
- $1.5B for HMM auto shipping
- Crowley unit adopts GT Nexus tool
- Sea Containers acquires 92% of Silja
- Loss for trucker Smithway
- India express plan opposed
- OmniTracs gets security upgrade
- Kuehne & Nagel unit in rail deal
- NorthAmerican adds consulting
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| AUGUST 8, 2002 |
- Le service containérisé entre Anvers et Liège va être relancé
Suite à une interruption de quatre ans, le service containérisé régulier entre Liège, Anvers et Rotterdam sera relancé le 2 septembre prochain (voir LL du 7/6/02). Le service sera exploité sur base de deux départs par semaine vers Anvers et deux vers Rotterdam. Les containers destinés pour ou provenant de Rotterdam seront transbordés à Deurne sur le terminal qui sera exploité par la société GCT, une filiale récemment créée de la firme Gosselin World Wide Moving.
- Le trafic containérisé Anvers/Etats-Unis va devenir une “smart and secure tradelane” (SST)
Les principaux opérateurs de terminaux de par le monde, à savoir Hutchison Port Holdings, PSA Port Holdings et P&O Port Holdings, qui représentent ensemble 70% du trafic containérisé mondial, ont adhéré aux Smart and Secure Tradelanes (SST), le projet de sécurisation de l’autorité américaine axé sur le fret maritime. Grâce à ce projet, les ports où ces opérateurs traitent des containers, dont Anvers, peuvent quasiment automatiquement obtenir le statut green lane. Dans la technologie nécessaire, développée par l’entreprise américaine Savi, des étiquettes, des systèmes de verrouillage et des fréquences radio spéciaux, ainsi que l’internet, jouent un rôle crucial.
- L’offre de la DB sur Stinnes sera clôturée le 27 septembre
Deutsche Bahn AG a lancé le 7 août un appel aux actionnaires de Stinnes AG pour le rachat de leurs actions au prix de 32,75 EUR. La période d’acceptation va jusqu’au 27 septembre à midi. “Notre objectif est d’acquérir toutes les actions de Stinnes de manière à faciliter l’intégration du groupe Stinnes dans le groupe Deutsche Bahn”, a déclaré Diethelm Sack, chief financial officer de la DB, lors du lancement de l’appel aux actionnaires.
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| AUGUST 7, 2002 |
- Renaissance Cruises liquidating assets
The bankrupt cruise firm will send database information to travel companies for a total of $256,917.
- USSA set to begin operations
The newest Jones Act tanker owner will complete $190m acquisition of six tankers in September.
- Germany joins container security initiative
US Customs officers will be stationed at German ports of Hamburg and Bremerhaven.
- Chios charged over reef grounding
Potential fine of AUD 1.1m if Australia succeeds with environmental damage action against Doric Chariot owner.
- Vikmanis wants Gdansk settlement
New Latvian Shipping boss Imants Vikmanis calls for out-of-court end to reefer battle with yard.
- Grindrod logs record interim returns
South African shipping group ups income despite soft shipping markets.
- Silja Line back in profit
Finnish owner posts better first-half figures as Sea Containers begins buyout of remaining small investors.
- Greek publisher takes investment plunge
Kathimerini shareholders give green light to set up Argonaut Shipping Investment Co.
- HMM outlines debt paydown plans
Korean owner confirms board will vote on sale of car carrier unit Thursday.
- No loan for Great Eastern
Planning chief Rajat Dutta denies report claiming bank funding is in place to aid SCI bid.
- Korea Eximbank bails Hyundai-Vinashin
Vietnam's joint venture shipyard gets cash to restructure expiring debt.
- SCI aframax suffers fire
Twelve crew reported injured after elderly crude tanker catches fire in Colombo.
- Thoresen Thai adds bulker
Buying spree continues at Thai owner as Cyprus-owned conbulker joins fleet.
- NYPA weighs up WTC site swap
Port Authority considers swapping World Trade Centre site for land at two local airports.
- Damen inks MENAS lighthouse tender
Dutch builder to construct replacement vessel for Persian Gulf navaids organisation.
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