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| SEPTEMBER 9, 2002 |
Shipping News
- UN rejects Liberia's report on ship registry
LIBERIA's ship registry has again come under fire from the United Nations Security Council for reportedly delivering an unsatisfactory government explanation of how revenues are spent.
- MISC plans voluntary scheme to cut jobs by 30%
- S Korea ore carrier refloated
- Taiwan to open up ports for transhipment from China
Air and Land Transport
- US Senate gives nod for armed pilots
IN the airliner of the near future, armed pilots would sit in the cockpit, while flight attendants trained in martial arts provide cabin service and passengers are subject to video surveillance.
- Scandinavian pilots want to remain unarmed
- Slow economy hurting US business travel
- China to spend 5b yuan on developing a regional airliner
- Air France rerouts passengers as pilots go on strike
- Airport staff held for diamond theft
- Flights resume after bomb scare at Sydney airport
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| SEPTEMBER 9, 2002 |
- Evergreen and PSA sign terminal agreement
- Ecu Line Antwerp adds Asuncion to services
- Comex ILMS to improve logistics integration
- Singapore, Europe co-operate on aviation safety training
- IATA: freight growth healthy, passenger traffic declines
- Aramex opens second logistics centre in Jordan
- August cargo figures rise at Macau International Airport
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| SEPTEMBER 6, 2002 |
- NOL: $151 million loss
Singapore transportation and logistics company Neptune Orient Lines recorded a loss of US$151.4 million for the six months ending 30 June, on turnover of $2.2 billion.
- OT Africa Line and its Dutch agent 10 years marriage
A statue designed by Corry Ammerlaan van Niekerk, an independent Dutch designer, and entitled "working together as equals" was presented to OT Africa Line's (Otal) managing director, Thierry Le Roux, recently to mark the tenth anniversary of the company's relationship with its Dutch agent, Slavenburg & Huyser.
- Danzas expanded air freight share
Danzas Group, the logistics subsidiary of the heavenly subsidized Deutsche Post World Net, increased its worldwide market share in air freight exports to 6.2 percent (6.0 percent in 2000) and widened the lead over its next competitor.
- Evergreen and PSA sign terminal agreement
Evergreen Marine Corporation and PSA Corporation signed a new terminal service agreement for the lower volumes after Evergreen left PSA for Malaysia for about 85 per cent of it's containers.
- TMM adds North-South Americas Service
TMM Lines is launching a service between the US Gulf, Central America and West Coast South America, operating once every ten days.
- 'Swiss to post 339 million francs loss'
'Swiss International Air Lines Ltd will post a first half operating loss of 339 million Swiss francs on the cost of taking over Swissair Group's fleet, Facts magazine said.
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| SEPTEMBER 9, 2002 |
- In association with Anchor Lines Pvt. Ltd - Globelink WW India begins operations from ICD-Ahmedabad
- UASC team visits India, studies scope for expansion & upgradation of services
- ‘Cleaned’ wheat for Iraq soon
- Vizag Port sets new limestone unloading record
- 93-ft beam boxship berthed safely at No. 2 ID - Another crowning feat by MbPT
- Tuticorin Port Trust scouts for funds to develop 2nd box terminal
- ICD-Sabarmati going full steam in second quarter of 2002-03 - With rapid growth in all segments
- Jet Air opens modern cargo warehouse at Delhi airport
- Fieo plea to restore SAD exemption for DEPB scheme
- Duty cut on imports irks vanaspati trade
- EOUs, EPZs & STPI units allowed to transfer or sell surplus power
- Obligation on hank yarn will stay for now: Rana
- RBI eases EEFC account norms
- Mills given more time to fulfil hank yarn obligation
- Tariff cut on RBD palmolein likely soon
- N. K. Singh committee favours bringing down corporate tax rates
- Jharkhand roadshow draws investors in droves
- N. K. Singh panel for FDI strategy revamp, hiking investment limits
- K. Krishnamoorthy’s book is profound, spiritual & enlightening, says K. C. Mehra - The Inner Light-Cosmic Meditation read out
- IMC, YEW heads felicitate Ajay Piramal
- All-India Exporters’ Chamber’s 41st AGM today
- ONIC sees global wheat exports topping 8 mt
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| SEPTEMBER 6, 2002 |
- Crude tops $30 on war momentum
- Daily Bunker market report from Praxis Energy Agents
- Tight avails in many African ports
- The end of Ekor?
- Piraeus on the rise
- Crude rally continues as war risk increases
- Rotterdam prices up with crude
- Brazil market update - Prices remain stable
- Huge spread reported in US Gulf prices
- Moderate demand in Montreal and Halifax
- Price increase expected on US East Coast
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| SEPTEMBER 6, 2002 |
- Schenker obtains NVOCC licence in People's Republic of China
- Renault sells remaining shares in CAT Group
- TMM Lines adds another North-South Americas service
- AAR reports increase in U.S. rail traffic in August 2002
- NOL posts USD 151.4 million loss in first half of 2002
- Evergreen and PSA sign terminal agreement
- CaroTrans International opens Container Freight Station in Detroit
- Danzas strengthens its position in global airfreight market
- Trieste TICT workers to go on strike against threatened sack of 50
- SAA Cargo helps Tiger breeding programme
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| SEPTEMBER 6, 2002 |
- New U.S.-Canada ferry link
Austal Limited subsidiary, Austal Ships, Henderson, Western Australia, has announced the signing of a contract with private company, Canadian American Transportation Systems (C.A.T.S) for an 86 m catamaran.
- Brazil AHTS ahead of building schedule
FELS Setal SA has laid the keel for the second Anchor Handling Tug / Supply vessel (AHTS) it is building for Delba Maritima two months ahead of schedule.
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| SEPTEMBER 9, 2002 |
- Death crash families sue HAL
FAMILIES of several University of Washington alumni killed last September in a charter-plane crash have filed wrongful death lawsuits against Holland America Line, saying the cruise company promoted the trip as a safe excursion despite major problems.
- Box search tactics have lines in bind
CONTAINER lines have been badly shaken by new security tactics in the US that could drive shipping costs sky-high.
- US argues for radical port state powers
FAMILIES of several University of Washington alumni killed last September in a charter-plane crash have filed wrongful death lawsuits against Holland America Line, saying the cruise company promoted the trip as a safe excursion despite major problems.
- Riley in last-ditch plea on reforms
LLOYD’S chairman Sax Riley has made his most impassioned and outspoken plea for widespread backing for his package of reforms — but names plan to snub him with a substantial vote against at the extraordinary general meeting on Thursday, writes James Brewer .
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| SEPTEMBER 6, 2002 |
- India to try again for tonnage tax
- Seabulk shareholders approve deal
- US seamen treated 'like terrorists'
- Shippers hopeful on USWC talks
- ABP in coal import terminal talks
- Cosco Pacific warns of box weakness
- Call to relax bareboat guidelines
- Port to solve Lankan unrest
- Exmar gas carriers keep CMB afloat
- Tankers drag China Merchants lower
- Pakistan awards grain concessions
- NOL posts $150M first half loss
- UK hours of work rules enter force
- Cabinet divided over SCI divestment
- Kolkata cuts prove successful
- Austal ends order famine
- Major Brazil agency restructures
- Evergreen keeps faith with PSA Corp
- Samho deliveries not hit by strike
- Indonesia restricts sand exports
- Seven Mountain takes over Seyang
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| SEPTEMBER 6, 2002 |
- NOL expects full-year loss
Neptune Orient Lines blamed record low rates for a first-half loss despite a 12 percent jump in liner volumes.
- Shippers want airlines to drop new rate formula
The largest business organizations in the U.S. are urging the International Air Transportation Association to drop its plan for changing the formula that airlines use in setting rates for low-density airfreight.
- Customs system to ID risky shipments
The Sea Cargo Targeting Initiative is an automated system to identify high-risk cargo moving to U.S. ports.
- Retailers slam Customs manifest rule
- Global airfreight jumps in July
- New West Coast dispute for ILWU
- HUAL adds three PCTC ships
- Danzas earnings improve
- Maersk adds U.S.-flag tanker
- Wisc. wants $3.4M from CF
- Evergreen, PSA sign terminal deal
- Row over Pakistan shipments
- Con-Way offers new transcon LTL service
- Cosco to revive Thai maritime?
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| SEPTEMBER 7, 2002 |
- NOL clôture le premier semestre sur une lourde perte
Le groupe Neptune Orient Line (NOL) de Singapour a dévoilé vendredi des résultats semestriels encore plus mauvais que ce qu’avaient prévu les analystes. NOL a noté au premier semestre une perte de 151 mio. d’USD et se dirige ainsi vers un résultat négatif qui pourrait encore être pire que celui de l’année catastrophe 1998, qui s’était soldée sur un -248 mio. d’USD. Le patron, Flemming Jacobs, a démenti lors de la conférence de presse toutes les rumeurs de possible restructuration.
- Danzas renforce sa position de leader dans le fret aérien
Le groupe Danzas a réussi à renforcer sa position de leader du marché dans le fret aérien en 2001. Le groupe suisse a en outre grimpé à la première place en Amérique du Sud. Les résultats semestriels de l’ensemble du groupe s’avèrent également favorables.
- Croissance soutenue pour Tibbett & Britten au premier semestre
Le groupe britannique Tibbett & Britten, a annoncé des résultats semestriels se situant dans la ligne des prévisions. Le chiffre d’affaires a augmenté de 7% à 736,7 mio. de GBP (686,1 mio. pour les six premiers mois de 2001), tandis que le bénéfice brut a diminué de 8% à 8,8 mio. de GBP (9,6 mio.). Le bénéfice d’exploitation a connu une hausse marginale à 14,4 mio. de GBP (14,3 mio.). Pour ce qui est du deuxième semestre, le groupe que la tendance demeure fondamentalement encourageante, mais que “certains facteurs devraient affecter les résultats”. Traduisez: les bénéfices pour l’ensemble de l’année seront, dans le meilleur des cas, similaires à ceux de 2001. Cet avertissement a fait baisser le cours de l’action T&B à son niveau le plus bas depuis 11 mois.
- Une décision sur le spin-off de Mitsubishi-Fuso serait imminente
La presse japonaise affirme qu’une décision sur une filialisation de Mitsubishi Fuso, la division “camions et bus” de Mitsubishi Moor Corp (MMC), pourrait intervenir rapidement. DaimlerChrysler a confirmé que la décision tombera dans les prochaines semaines. Le groupe germano-américain devrait prendre le contrôle de la société une fois qu’elle aura été séparée.
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| SEPTEMBER 6, 2002 |
- Hual charters Cido newbuilding
Leif Hoegh subsidiary switches deliveries around to cash in on strong car carrier demand.
- Azov Shipping trims fleet
Ukrainian owner offloads veteran cargoships at auction, with another sale to follow.
- NOL slumps to $151m loss
Freight rates worse than those of Asian crisis take their toll at Singapore boxship operator.
- P&O Ports lines up Manila move
UK group ready to split regional operations between Sydney and Philippines offices.
- NYK talks tough on rates
Big rises planned for Pacific next year, while Japanese giant may also take ships out of service to combat losses.
- Deal close for Cotswold Prince
Tasmanian cargoship "eyesore" to be sold after two years of rising mooring costs on the Tamar.
- Green light for Seabulk stock sale
Investment funds to take 73% of US tanker owner after shareholders approve refinancing deal.
- China to extend loans to foreign owners
Chinese shipbuilders set to benefit as EximBank expands soft credit.
- Austal inks North American first
Aussie fast ferry specialist wins contract for 86 metre ro-pax catamaran for service linking Canada and US.
- Demand growth fails to lift Cosco Pacific
Profits fall at container leasing and port operator despite rises in turnover and terminal throughput.
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