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| MAY 9, 2002 |
Shipping News
- PSA helped boost Belgian terminal's Q1 volume
PSA Corporation actively courted shipping lines for extra volumes and began re-structuring operations on behalf of its new Belgian terminal interests well before the long-delayed deal was finalised.
- Pasir Panjang may use straddle carriers
- Record overtime for NY Port Authority police
- Cosco Int'l buys 60% stake in ship trader from parent
Air and Land Transport
- Sri Lanka to renegotiate airline deal with Emirates
SRI Lanka announced plans yesterday to end monopolies that were granted to the national carrier, SriLankan airlines, when its management was handed over to Emirates airline of Dubai.
- European airlines' traffic falls 12%, decline slows
- EasyJet gets option to buy BA's German unit
- KLM's Q4 loss widens amid drop in passenger traffic
- Northwest recalls 135 technicians
- US certifies Boeing's Connexion
- Log Book
Features
- Carnival faces barrage of objections on 3 fronts
CARNIVAL Corp, the world's biggest cruise line, is facing antitrust objections on three fronts to its bid to buy P&O Princess plc, with shipbuilders, port authorities and travel agents all expressing concerns to European Union investigators.
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| MAY 9, 2002 |
- OOCL and Wan Hai introduce new schedule for Middle East
- Cosco Hong Kong names Xu vice president
- Pacer International sees turnaround in profitability
- Ecu Line at Pointe de Galets
- Home and away growth for PSA
- Malaysia rejects anti-piracy patrols with Japan
- Bigger payload freighter from Boeing due by December
- Jardine Logistics opens US hub
- Xilinx takes on UPS
- Continental launches all-jet service at New York/Newark
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| MAY 8, 2002 |
- APL Logistics buys FSG-activities in Hamburg
APL Logistics is taking over the activities of the German domestic appliances and consumer electronics goods distribution specialist, the FSG companies.
- TNWA Expands Its Transpacific China Coverage
The New World Alliance (TNWA), which consists of APL, Hyundai Merchant Marine (HMM) and MOL, is expanding its Transpacific coverage through a new string, PSV, to its existing service profile.
- KLM losses up
KLM reported a sharp increase in fourth-quarter losses but was cautiously optimistic about the industry's recovery from the crisis as it predicted it would make an operating profit in the current year.
- Nedlloyd loss of 50 million
In the first quarter of 2002 Nedlloyd achieved a result on ordinary activities of Euro -/- 50 mln, representing a deterioration of Euro 55 mln compared to the same period last year.
- Losses P&O Nedlloyd widened
Losses at P&O Nedlloyd deepened in the first quarter of 2002 as revenue rates continued to decline.
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| MAY 9, 2002 |
- Nasscom delegation to explore marketing alliances in Ireland and Israel
- More countries in Asia, Africa likely to buy Indian wheat
- Handicrafts exports dip after decade
- Glass producers waking up to ‘dumping’ by China
- Deputy chief of KoPT to redress KDS users’ woes
- CII gets berth on revamped ChPT board
- Maritime institutes seek government aid
- Trade-Wings Cargo makes positive impact on global logistics services
- ICD-Sabarmati’s Import CFS to be operational today
- Maintain reforms momentum, urges CII President
- Apeda planning to double agricultural & processed food exports to Rs 20,000 crore
- Agricultural co-operatives urged to utilise benefits of AEZ
- FKCCI hails decision to postpone VAT
- MoF eases norms for currency import by post
- Sulzer exploring prospects in India
- Farm exports buck slowdown
- Input-output norms for 15 more export items notified
- Foreign Trade Analysis: Current Policy & Procedures
- USTR comes in for criticism in US
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| MAY 8, 2002 |
- New posted prices in Ecuador
- African market report from GAC
- INTERTANKO applauds U.S. progress toward ratification of international air pollution accords
- ARA firm today after yesterday's dip lower
- Competitive bunker prices reported in Kuwait and Oman
- Arab Gulf prices firmer again, demand picks up
- Panama - Dispute brings refinery to a standstill
- More non-OPEC supply in July
- Suicide bomb raises Middle East tension, oil "war premium"
- Crude supported by bigger-than-expected drop in US crude inventories and suicide bomb
- Rotterdam market report from Marine Bunkering
- Saudi posted prices and market report
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| MAY 8, 2002 |
- El Paso announces LNG breakthrough
El Paso Global LNG, a subsidiary of El Paso Corporation, today announced the development of EP Energy Bridge, a new ship-based liquefied natural gas (LNG) regasification system.
- Carnival charters former Patriot to Cyprus operator
A cruise ship that briefly flew the U.S.-flag as part of American Classic Voyages attempts to expand the Hawaiian cruise market will soon be serving the U.K. cruise market.
- Kvaerner Philadelphia gets $100 million line of credit
Kvaerner Philadelphia Shipyard, Inc. has signed an agreement for a $100 million line of credit
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| MAY 8, 2002 |
- Port of Seattle CEO wins Maritime Achievement Award
- Railroad sees 14 percent drop in accidents at highway/rail crossings
- Marine Exchange of Puget Sound elects new board at membership meeting
- Oregon Air National Guard testing landing patterns at PDX
- Government report finds airlines lose bundle in 2001
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| MAY 9, 2002 |
- Dr Peters takes on NYK over VLCC charter
GERMAN ship financing company Dr Peters has taken Japan’s NYK to arbitration in London over the alleged breach of a charter contract for the 298,500 dwt VLCC Golden Victory. A ruling is expected later this month.
- Frontline defection hits VLCC pool
Frontline’s abandonment of the pool will remove almost one-third of its tonnage in one fell swoop. But pool chairman Morton Hyman, president and chief executive of founder member Overseas Shipholding Group, chose to accentuate the positive.
- Singapore hints at opening PSA to lines
PSA Corp’s owners have shelved plans for an initial public offering of shares in the port operator and have switched their attention to selling stakes to shipping lines in an effort to stop the company’s Singapore operations haemhorraging any more customers to rival Tanjung Pelepas.
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| MAY 8, 2002 |
- Thoresen to take over Sharjah ports
- House urges sale of cruise ships
- Bid to cut US steel tariffs fail
- Minister to discuss Yarra impasse
- Panama orders arrest of 'arms' ship
- Intertanko applauds clean air move
- Congress re-run for ex-commissioner
- New direction for German finance
- Poor summer knocks Buquebus
- Alstom losses threaten builders
- Seyang to emerge from receivership
- Belgian volumes boost PSA Corp
- Koreans welcome EC yard decision
- German seafarer aid approved
- Unions picket CSL bulker
- Revenue rates drag P&O Ned lower
- Feuding ferry families fined
- Bangla ferry tragedy reasons sought
- Brambles sells Jardine assets
- Cosco stays with Singapore
- Panama moves on standards
- Ecuador cracks down on pirates
- Liberia sanctions extended
- American Classic steamboats sold
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| MAY 8, 2002 |
- P&O Nedlloyd loss widens
Lower freight rates outweighed volume gains.
- KLM adding cargo capacity despite net loss in fourth quarter
Cargo and passenger traffic has nearly returned to pre-Sept. 11 levels.
- FedEx expects China Post settlement
FedEx is confident that China will allow international express companies into its small shipments market.
- Expeditors earnings up 5%
- New World Alliance expands trans-Pacific service
- Bentley likely to run again
- EU deadlocked on shipyard aid
- Frontline withdraws from VLCC pool
- ICC calls for negotiation, support for WTO
- Panel recommends Port Everglades nominee Krauter
- Kvaerner shifts 1,800 staff to oil & gas
- OMI earnings plunge
- Bergesen profits fall on weak tanker segments
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| MAY 8, 2002 |
- MSC adopte le concept pendulaire Asie/Etats-Unis côte est
L’armement Mediterranean Shipping Cy procède à une restructuration fondamentale de son service transpacifique “Transpac”, exploité actuellement avec une flotte de 5 PC d’une capacité unitaire de l’ordre de 3.500 TEU et qui assure une sorte de navette entre l’Asie et Los Angeles. Ce service fait l’objet d’une mutation en service pendulaire entre l’Asie, et via Panama, le Golfe du Mexique et la côte est des USA.
- “Le système ferroviaire français ne pourra pas s’en sortir seul”
Claude Martinand, le président de RFF (Réseau Ferré de France), est très clair: “Compte tenu de la dette héritée du passé, le système ferroviaire français ne peut pas, même en vingt ans, sortir seul de sa situation actuelle. A juste titre, une solution transitoire avait été mise en place. Mais elle remonte à 1997. Peut-être serait-il temps de trouver aujourd’hui une solution plus durable”. Pour dire les choses encore plus carrément: il faudra que l’Etat mette la main à la poche s’il veut vraiment assurer l’avenir du mode ferroviaire en France.
- Hungarocamion veut se développer en Europe de l’Est
Le groupe de transport routier Hungarocamion a révélé à Budapest sa nouvelle stratégie. Miklos Horvath, son directeur commercial, a déclaré à l’agence MTI qu’elle vise un renforcement des opérations en Europe de l’Est afin de maintenir sa position de leader en tant que fournisseur de services logistiques aux multinationales. De plus, il veut accroître sa capacité de transport en signant des accords de partenariat. Horvath a fait ces déclarations en marge de la présentation des résultats financiers pour 2001. Ils sont en retrait par rapport à 2000.
- Tunnel sous la Manche: six mois de perturbations
Il y a maintenant six mois que le passage des trains de marchandises est entravé au tunnel sous la Manche. Cela nonobsant des garanties données en mars dernier selon lesquelles on reviendrait rapidement à un service normal.
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| MAY 8, 2002 |
- Frontline to stay in suezmax pool
Top tanker owner to stick with Alliance Chartering despite withdrawal from VLCC pool.
- Frontline tanker in trouble
Laden VLCC Front Tobago left without main engine power for six days.
- Louis Cruises charters Nieuw Amsterdam
Carnival-controlled vessel to be subchartered to UK's Thomson Holidays.
- Grupo TMM hits the right note
Mexican tanker owner concludes deal to issue up to $65m of securities.
- Star pulls SuperStar Gemini from Singapore
Malaysian cruise giant offers customer upgrade to SuperStar Virgo after mysterious redeployment.
- Exmar and Lauritzen Kosan team up
Gas shipowners pool resources in the east.
- Collision vessel arrested
Tanker wharf at Shell refinery in Singapore put out of action for a year by dredger.
- First quarter blues at P&O Nedlloyd
Container giant takes battering and warns that increased capacity will continue to affect results this year.
- New World Alliance unveils China-US string
Next month sees the start of the PSV containership service in the Pacific.
- Container woes hit Royal Nedlloyd
Dutch transport group dragged down in first quarter by 50% share in P&O Nedlloyd.
- Bergesen profit slumps
Norwegian shipowner predicts gloom for capesize trades but is hot on the LNG trail.
- Havila posts loss as French take big stake
Norwegian offshore owner upbeat as rival Groupe Bourbon muscles in.
- Daewoo to regas LNG newbuildings
US charterer El Paso is bypassing terminal shortage issue with technology punt.
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