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| APRIL 10, 2002 |
Shipping News
- Lines want PSA to cut handling charges
MAJOR PSA Corp customers are more aggressively seeking lower terminal handling charges in the wake of Evergreen's defection to the Port of Tanjung Pelepas .
- Penang port to spend RM500m on upgrading
- Cosco Shipping's IPO priced at top of offered range
Air and Land Transport
- Air France March traffic up 2.7% as rebound gains pace
AIR France SA, Europe's No 3 airline, said a recovery in air traffic accelerated last month as more people returned to flying following a slump in demand after the Sept 11 attacks.
- US FAA 'inadequately trained safety inspectors'
- American Air sued over death of WTC victim
- China Eastern Air triples 2001 profit on tax credit
- China domestic airlines forced into no-discount pact
- Swisswings stops flying, seeks bankruptcy protection
- Asiana's Feb traffic up
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| APRIL 10, 2002 |
- Hapag-Lloyd names boxship in Shanghai
- Hong Kong logistics operators face competition
- Draught-deepening project in the Suez Canal
- MOL expands transatlantic service
- Chinese engineers start Mekhong project
- Lykes Lines voted best carrier to Africa
- DOT hosting African ministers at air transport conference
- Indian Airlines makes Airbus choice
- American Airlines Cargo takes flight-specific approach
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| APRIL 9, 2002 |
- Better margin Deutsche Post, still very dependent on monopoly
In 2001 Deutsche Post World Net revenue rose by 2.1 per cent to 33.4 billion euro while profit from operating (Ebitda) increased by 7.3 per cent to some 2.6 billion.
- Rail man in Schenker board
Aloys Winn (48) has been appointed to the Management Board of Schenker Deutschland AG, Frankfurt am Main, with effect from 1 April 2002.
- OOCL and WHL enhancements in China/Middle East service
Orient Overseas Container Line (OOCL) and Wan Hai Lines Ltd (WHL) announced a service enhancement in their joint service between China and the Middle East.
- Mol with Chile office
Mitsui O.S.K. Lines (MOL) announced the establishment of MOL (Chile) Ltda. in Santiago, Chile.
- Booz logistics for the churches
Tradeteam, an Exel company, announced a major drinks distribution contract with Associated Church Clubs Limited (ACC).
- Exel works for Coors
UK logistics group Exel announced a new, multi-year contract with Coors Brewing Company that extends an existing 16-year relationship and expands the range of services provided by Exel to Coors.
- Christian Salvesen profit warning
UK logistics group Christian Salvesen reined in profit expectations for the second time in three months as it blamed a continuing malaise in the engineering and automotive sectors for many of its problems.
- Big losses US airlines to stay
Analysts estimating the nine largest airlines in the US made a combined net loss of $2.2bn in the first quarter of 2001, an improvement over the fourth quarter, when a slump in air traffic demand led to a total net loss of $3bn.
- KLM Cargo introduces fuel surcharge
As of May 1, 2002, KLM Cargo will re-introduce a fuel surcharge.
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| APRIL 10, 2002 |
- OOCL, Wan Hai enhance China-Mideast service to provide faster transit - Fixed-day (Sun/Mon) service ex-NSICT
- Andhra grape exporters uncork champagne bottles
- US waiver of additional duty of little gain to steel exporters
- Decks cleared for closer trade ties with Eurasia
- Workers’ interests will be protected while corporatising ports, assures Goyal
- Krishnapatnam port to be ready soon
- Concor cuts freight rates at ICD-Jodhpur
- ICD-Pithampur logs 19 pc growth in fiscal 2001-02
- Finance Ministry slashes interest rate on defaults in export obligations to 15 pc
- Handicrafts export target set at $ 1,600 m
- Ficci, Singapore EDB MoU on technology
- Tea Board overhauled
- India, Mauritius to take fresh look at DTA pact
- Mysore Chamber’s strategy for export thrust
- Naidu tells Sinha to review export profits tax
- Value Cap applies to 263 export products & PMV verification on 786 products under the new Exim Policy
- Make Mumbai world financial centre: CII
- Ficci to open office in Beijing to boost trade ties
- CII team meets Singapore leaders
- E. region engg exporters presented excellence awards
- Customs men told to change outlook
- Oil prices soar as Iraqi exports halt
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| APRIL 9, 2002 |
- Close race for top spot in "Best Bunker Company 2001" poll
- Bunker market report for Chile
- Brazil market update
- Piraeus market report from Aegean
- Argentine market update
- Prices rise in Montevideo, fuel oil avails remain limited
- Fuel oil avails tight in the Canaries
- Signs of easing Middle East crisis and Saudi stability pledge soothe oil prices
- National strike to support PDVSA action in Venezuela
- Singapore steady to soft today
- Korean prices softer against expectations
- Rotterdam morning market report
- Bunker prices from Russian ports this week
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| APRIL 9, 2002 |
- PSA increases stake in CWT
- Jardine at Heathrow
- MIF expands in Florida
- GeoLogistics Americas moves to LA
- Qiva stock increase
- Vostochny going strong
- T&B looks to Mexico
- Procter & Gamble contracts T&B in the US
- Famous Pacific continues airfreight expansion drive
- Establishment of MOL(Chile) Ltda.
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| APRIL 9, 2002 |
- AMFELS delivers semisub
Cal Dive International, Inc.has accepted delivery of the Q4000, the first ultra-deepwater, semi-submersible vessel designed to perform construction and well intervention tasks in water as deep as 10,000 feet.
- $83 million order for AMFELS
Keppel Corporation's Brownsville Texas, unit, AMFELS Inc., has won an $83 million contract to build a new jack-up rig for Mexico's Perforadora Central S.A. de C.V.
- New chairman and MD for Ocean Rig
Bjarne Skeie yesterday resigned as chairman Ocean Rig ASA, though he remains on the board. At the same time, the company announced a change of managing directors
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| APRIL 10, 2002 |
- Homage to the memory of the Queen Mother
In common with other sectors of the maritime and financial services industries, the world of insurance paid homage to the memory of the Queen Mother, write James Brewer and Carly Fields.
- Iraqi oil squeeze sets off tanker scramble
THE tanker market remained on its knees yesterday, as ships booked for the now non-existent Iraqi stems were added to the already bulging pool of open ships in the Persian Gulf.
- Unigas Pool regains presence east of Suez with Nile Holdings gas fleet buy
THE Unigas Pool, Sloman Neptun, Bernhard Schulte and Othello Shipping, is buying the entire gas fleet of Edinburgh-based Nile Holdings, which operates under the Tarquin name, for an undisclosed sum.
- Maritime security push loses direction
CARRIER and shipper groups in the US have warned that the drive to tighten maritime security is now adrift and directionless, partly because of turf wars between government departments and political differences in Congress.
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| APRIL 9, 2002 |
- Tankers in Venezuela still held up
- Sasebo board to quit over fraud
- Share sale prompts leap in prices
- Long outreach for Long Beach
- EU seeks close involvement with IMO
- Cosco IPO massively oversubscribed
- NOL debt deepened by transfer
- Taxpayer bails out labour pool
- Maasvlakte 2 seeks tenants
- India braces for all-out strike
- Shipping 'needs united voice'
- Incat hopes hinge on sales
- Liberty seeks aid policy change
- Renaissance ships for P&O Princess
- Korea not hit by Iraq oil embargo
- Venezuela oil shipments hit
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| APRIL 9, 2002 |
- Volume, wages slide on West Coast
Cargo volume and average dockworkers' wages at West Coast ports declined for the first time in almost three decades.
- Danzas Group earnings soar
The logistics arm of Deutsche Post World Net said earnings before interest, taxes and amortization rose 40.7% in 2001.
- Tropical acquires Tecmarine Caribe services
- United Airlines cargo unit adds fuel surcharge
- DHL resumes Cincinnati construction
- Korea airport zones to key hub plan
- Security, lower revenues squeeze Portland budget
- Emery Forwarding opens customs office at Ambassador Bridge
- Roadway Corp. sees 1Q loss
- OMI Corp. elects Shapiro director
- Exel signs Coors, PBT
- MOL opens Chile office
- Customs changes drawback, entry rules
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| APRIL 10, 2002 |
- Le groupe Danzas satisfait de son exercice 2001
Le groupe Danzas, la branche logistique de Deutsche Post, a vu progresser son bénéfice avant intérêts, impôts et amortissements (EBITA) de 40,7% à 159 mio. d’EUR en 2001. La groupe a renforcé, selon ses dires, sa position de leader sur le marché logistique.
- Zeebrugge: CTO candidat pour une concession de 7 ha dans l’avant-port
Zeebrugge est avant-tout un port ro-ro. Il s’est même hissé à la première place dans le nord de l’Europe, notamment pour ce qui est du trafic des voitures neuves. Le succès est tel, que les manutentionnaires qui traitent ces trafics souffrent d’un manque crucial de place. Ce n’est pas sans raison qu’il y a trois candidats pour l’ancienne concession du terminal vraquier de la ZBM, d’une superficie d’une cinquantaine d’hectates. Un des manutentionnaires, en l’occurrence CTO (Combined Terminal Operator), s’est ainsi porté candidat pour une nouvelle concession dans l’avant-port.
- L’alliance Glass Partners a éclaté
Freddy Nicolas, de la société Nicolas-Jacquet (Franière, près de Namur) a repris la totalité des actions de la société de transport de verre plat Glass Partners. Cette joint-venture avait été créée en novembre 1999 par Nicolas et Eric Foulon, de la société Van Hoof à Sambreville (également près de Namur). Les deux actionnaires ont décidé de se séparer, et Freddy Nicolas se retrouve donc seul actionnaire de Glass Partners. C’est ce qu’annonce Truck & Business Online.
- North-South Freight Freeways a intégré son réseau international
Via une coalition de dix compagnies d’infrastructure ferroviaire nationales et indépendantes aux Pays-Bas, en Allemagne, en Autriche, en Suisse, en Italie et en Scandinavie, un réseau a été mis sur pied devant faciliter le trafic transfrontalier de trains de marchandises exploités par des opérateurs ferroviaires indépendants. Les corridors fret de North-South Freight Freeways relient les ports de la mer du Nord et la Scandinavie avec le sud de l’Europe. L’objectif est d’à terme étendre le réseau en direction de l’Europe de l’Est et de développer un système de facturation et de calcul des prix pour l’ensemble du réseau.
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| APRIL 9, 2002 |
- Venezuelan oil strike likely to continue
A quick end to the ongoing oil dispute seems remote at this point.
- NM Paterson to sell remaining fleet
Three inactive Great Lakes bulk carriers are put for sale in an open tender.
- Radisson reviewing new ship
The new Seven Seas Voyager has similar troublesome Mermaid propulsion units as the Mariner.
- Keppel secures $83m rig deal
Delivery of new jack-up rig to Perforadora Central is set for the first quarter of 2004.
- Russian crude moves east in Iraqi cuts
Hellespont ULCC newbuilding is last off the berths at Iraq's Mina al-Bakr.
- US barge builder under fire
Some Trinity-built barges are subject to rapid hull corrosion.
- Pertamina trys again on tanker time-charter
Indonesian charterer continues its seemingly endless quest to fix a VLCC for period business.
- WG&A vows to fight port ejection
Philippines ferry owner is battling to stay on at North Harbor.
- More heads to roll at Sasebo
Repercussions of subsidy swindle will remove management at Japanese yard.
- Uncertain future for Tarquin staff
Bosses in consultation with Edinburgh workers after sale of gas shipping operations to Unigas.
- Coeclerici profit climbs
Italian dry bulk charterer in profit for a second year despite market gloom.
- Bangladesh breakers draw breath
But some buyers pay out high prices for the right units as owners pause for thought.
- Thoresen Thai sells another ship for scrap
Thai owner's fleet cut to 24 after disposal of 25-year-old vessel.
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