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| OCTOBER 9, 2002 |
Shipping News
- Security threats in Malacca Strait: cooperation urged
SHIPPING industry stakeholders, led by insurance underwriters, should initiate a cooperative fight against security threats in the waters around Singapore, Malaysia and Indonesia, according to Petroships chairman Allan Chan.
- Supertanker explosion: conflicting views on cause
- Union solidarity threatens lines
- Dockworkers, port employers blame each other
- ITF targets FOC ships at Busan port
- Security alert at Philippine ports after bomb attack
Air and Land Transport
- FAA gives airlines 6 years to fix Boeing 737 rudders
OWNERS of Boeing 737 planes, the world's most commonly used aircraft, have six years to install new rudder systems at a cost of US$364 million, US aviation regulators said.
- US Senate expected to clear guns for pilots proposal
- US Airways to cut more jobs
- UPS mechanics get as much as 40% pay rise
- Taking stock of Linate's 'absurd' crash one year on
- Japan rail firm to cut fares
- Log Book
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| OCTOBER 9, 2002 |
- President signs order to help end US port dispute
- Panalpina steps up to C-TPAT plate and lodges application
- HMM continues advance into China market with new route
- Conterm names new Sweden GM
- WOW alliance carriers launch new cargo service
- KLM reports 8pc rise in cargo
- FAA finalises safer mandate for 737 rudder control system
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| OCTOBER 8, 2002 |
- Bush intervenes in ports conflict
President George Bush intervened in the dock dispute crippling commerce on the West Coast of the US, after talks broke down on Sunday night between management and unions.
- Davies Turner opens Dartford hub
The latest expansion to Davies Turner's UK freight network is now in operation at Dartford.
- Farm Frites in new Rotterdam cold store
Kloosterboer is building an automated cold store centre at Rotterdam's Distripark Maasvlakte with capacity for 65,000 pallets. It is the largest of its kind in the Netherlands and the first in a European port complex.
- Atlas Air up 18 per cent
Shares of Atlas Air, long depressed amid a demand slump, jumped as much as 18 per cent Monday as investors cheered the air-cargo carrier for its business gains thanks to the shutdown of the West Coast ports.
- Tanker terror threat
Governments are failing to act on fears that oil tankers and other ships loaded with explosive cargo could be used in suicide attacks, according to John Burnett in Amsterdam, whose book 'Dangerous Waters, Modern Piracy and Terror on the High Seas' was published last week.
- China Airlines to order 10 Boeing, 12 Airbus
China Airlines, Taiwan's largest carrier, plans to sign a letter of intent this month to buy 10 Boeing Co 747-400 jetliners and 12 Airbus SAS A330-300s to replace ageing aircraft.
- Huge write-down American Airlines
American Airlines announce a non-cash $ 990 million goodwill write-down, based on an impairment analysis of its recent acquisitions.
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| OCTOBER 9, 2002 |
- SCI to study viability of Sethusamudram project
- SCI may be privatised by year-end
- EISA seeks clear procedural norms for barges, charges between India & Bangla
- New maritime body, IMIE, to be opened on Oct. 12
- Irish delegation arrives on business
- Dumping duty mooted on imports of caustic soda from China, S. Korea
- Re-export benefits lead to sharp rise in pepper imports
- India’s exports not to be hit for now, asserts Fieo President - US W. Coast ports’ impasse continues
- Eight parties purchase RFQ papers for JNP chemical terminal
- Liquid cargo jetty inauguration at JNP
- Texprocil to release more ready goods quota
- CII launches web page on India & EU
- CII draws up strategy to boost trade with European countries
- Forex reserves total $ 62.721 bn
- Govt to frame LNG policy in 3 months: Chaturvedi
- Privatisation process irreversible, asserts PM
- Snags to STC sell-off
- Ficci to hold talks on global tax laws on November 13
- Minister favours govt support for Exim Bank
- IMF sees 8 per cent growth potential for India
- TRQ for oils, maize unchanged
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| OCTOBER 8, 2002 |
- Panama barge fees adjusted higher after 24 years
- ARA opens high and ends low again
- Daily Bunker market report from Praxis Energy Agents
- Hurricane damage slows oilflows
- Extra 2003 oil supplies mostly non-OPEC
- Crude production cheating increases
- St. Petersburg: Faulty bridge leaves vessels stuck
- Bush intervenes in USWC port dispute
- Uncertain Fujairah market shows gradual pickup
- Positive outlook in the Great Belt
- Tallinn: Operations running smoothly
- Uruguay: Fuel oil runs low
- Further declines expected in US oil stocks
- Suez: Tight avails remain, suppliers await clarification
- Oil prices ease as bearish fundamentals overshadow war nerves
- Ups and downs in a quiet Busan
- Hong Kong market 'pretty stable'
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| OCTOBER 8, 2002 |
- U.S. Navy joins blast tanker investigation
The U.S. Naval Criiminal Investigative Service team is joining the probe into the explosion aboard a French tanker in Yemen
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| OCTOBER 9, 2002 |
- Maersk Sealand suspends six transpacific services as other lines take evasive action
MAERSK Sealand has suspended six transpacific services while LauritzenCool, NYK Star Reefers, Chiquita Brands and Dole are among a number of reefership operators diverting vessels to the Mexican port of Ensenada as the US west coast stoppage continues.
- Bush will invoke Taft-Hartley law says senior aide
LABOUR unions have denounced US President George W Bush’s decision to invoke the Taft-Hartley Act as "an attack on American workers", but the move appears to have won bipartisan support on Capitol Hill, writes Rajesh Joshi.
- NOL baffles market with plan to sell tanker arm
LOSS making Neptune Orient Lines is considering selling American Eagle Tankers, the only profitable part of its operation.
- Limburg owners to release report but no quick answers to bomb theories
BELGIUM’S CMB, owner of the 299,364 dwt VLCC, Limburg, said it was hoping to release an initial report yesterday evening on the circumstances of the explosion which blew a hole in the side of the vessel on Sunday.
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| OCTOBER 8, 2002 |
- Olympia Voyager hits rocks
- Maersk suspends Pacific sailings
- Canada urges tighter ballast rules
- Mystery surrounds crippled Bonasia
- Spain faces unrest over port law
- US lock-out benefits boxmaker
- Russian oil fears Iraq attack
- Further Rubino threat dispelled
- Chilean Urenda pushes north
- Bush could act on West Coast today
- Acciona eyes W African terminals
- NOL mulls American Eagle sale
- The World becomes an albatross
- Jordanian exports cut trade deficit
- Strong oil volume at St Petersburg
- TEN declares first cash dividend
- Antwerp wins back box business
- Ports school for Andes countries
- Fee row stalls port security bill
- French cautious over Limburg blast
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| OCTOBER 8, 2002 |
- Union agrees to contract extension
Dockworkers agreed to a 30-day extension as President Bush sought an injunction to re-open West Coast ports.
- More ocean shipments going by air
The logjam created by the 10-day port shutdown has prompted some shippers to shift ocean cargo to airfreight.
- Lines suspend services, declare force majeure
- Port shutdown brings long-term pain for ag shippers
- Shippers eye supply-chain shifts
- FMC slates TSA discrimination hearings
- New rules for mandatory AES filing
- Larrabee, Glass to receive Connie awards
- CMA CGM expects 2002 net gain
- UPS chief calls for open skies
- Frick pick by USCO Logistics
- Inttra integrates with IES
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| OCTOBER 9, 2002 |
- ABX Logistics réalisera en 2002 de meilleurs résultats que prévu
“Malgré une conjoncture affaiblie, nous prévoyons que cette année le chiffre d’affaires sera supérieur aux prévisions, et nous échappons à la baisse de 5 à 7% que connaissent d’autres groupes”. C’est ce qu’a annoncé Etienne Schouppe, le CEO d’ABX Logistics, en marge de l’inauguration du nouveau centre régional de Vilvorde. Le CA devrait atteindre cette année environ 3 mia. d’EUR. Il a ajouté qu’EBITDA sera légèremennt inférieur et l’EBIT légèremennt supérieur aux budgets. Aux clients, il s’est adressé en rappelant le rôle que joue une organisation logistique internationale et intégrée comme ABX Logistics en faveur d’une économie nationale belge résolument orientée sur l’international.
- CMA CGM a bien résisté à la baisse des frets
Le groupe de transport français CMA CGM a rapporté un bénéfice net de 1,97 mio. d’EUR pour le premier semestre de 2002. Il s’agit d’une chute sensible par rapport au résultat du premier semestre de 2001 mais d’un résultat plus que satisfaisant à la lumière de l’implosion des frets, qui a provoqué des pertes chez pratiquement tous les armements est-ouest. Le groupe français reste optimiste quant au résultat annuel, qui devrait même dépasser le résultat de 2001.
- Burger restructure pour mieux préparer les développements à venir
“Nous sommes effectivement engagés dans un programme de restructuration, ce qui est normal après toutes les acquisitions auxquelles le groupe a procédé ces dernières années. Cela implique des rationalisations, surtout au niveau des services de soutien comme l’informatique, l’administration, la documentation, etc. Cette restructuration a un prix, mais il y aura un minimum de pertes d’emplois (entre 40 et 50 sur 800) et l’opération ne compromet en rien l’avenir du groupe, qui est toujours financièrement très sain.” Par ces propos, C.H. van den Boer, président du Royal Burger Group, qui était de passage lundi dernier à Anvers, entend couper court aux rumeurs non-fondées qui circulent sur le marché et selon lesquelles le groupe serait en difficulté.
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| OCTOBER 8, 2002 |
- Bush seeks injunction to end port lockout
Board of Inquiry writes four-page report on opposing positions in port lockout.
- Tankers continue to load in Yemen
Unipec will complete crude loading of Astro Luna on Wednesday.
- Olympia Voyager suffers hull damage
The 24,391-gt cruiseship hit a rock off Patmos Island on Tuesday.
- ESCO sale completed
Axel Eitzen and Felix Tschudi gain full control of Estonian Shipping.
- Petronas fixes replacement tankers
Two oil tankers are chartered on spot basis to deliver Masila crude to Malacca.
- Latco settles with Gdansk
Polish yard gets only $15m in settlement for repudiated $170m deal.
- Chemical carriers rescue Stolt-Nielsen
Transportation stays profitable as other divisions drown in red ink.
- War of words starts over Limburg blast
VLCC's captain Hubert Ardillon refutes claims explosion caused by technical fault.
- Navibulgar sell-off delayed again
Wrangle over consultant pushes back privatisation of Bulgarian state owner.
- RCL links Hong Kong and Vietnam
Thai feeder line to boosts Asian services later this month.
- Uniship's profits dip slightly
Earnings hold up well at Danish parent of Unifeeder container line in year to 30 June.
- Exmar confirms Excalibur charter
Nicolas Saverys speaks about Tractebel deal for ex-Enron LNG newbuilding.
- Box slump slashes profits at CMA CGM
Lower freight rates hit container line's earnings in first half, but it remains upbeat for rest of year.
- Bulk carrier closes Bluff
Grounded Fenwick bulk carrier poses dilemma for New Zealand.
- Prospects good for P&O Princess
UK cruiseship owner expects 2002 profits to match or beat analysts' forecasts.
- Matson passes on fuel price hikes
US container line is raising bunker surcharge to 6% in response to rising oil prices.
- NOL mulls AET sale
Genmar, Heidmar, Teekay and OSG seen as likely bidders for aframax tanker unit.
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