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| APRIL 11, 2002 |
Shipping News
- Batam ports seeking transhipment roles
ADDING to the regional port competition, Indonesia has announced plans to turn three existing ports on Batam island into transhipment hubs in a bid to 'lessen the dependence on Singapore'.
- PSA will not be drawn into a price war to keep customers
- GlobalSantaFe sees merger savings higher than planned
- Mitsubishi in e-logistics deal
Air and Land Transport
- Air NZ doesn't need NZ$1.7b to survive: govt
THE government yesterday dismissed reports Air New Zealand needs a further NZ$670 million, on top of the NZ$1.035 billion already committed, to shore up its balance sheet.
- Boeing, Siemens unit eye US$4b deal
- FAA orders action on some Airbus planes
- JAL, ANA offer World Cup discounts
- ANA to tie up with two China airlines
- Hawker to help develop Sonic Cruiser
Features
- Expanding to stay ahead
CREEPING between the jungle and crowds of eager tourists, the oil tanker slides along a ribbon of murky water in the Panama Canal.
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| APRIL 11, 2002 |
- Wan Hai transpacific newbuild deployment almost complete
- Yangtze mouth navigability boosts Shanghai Port
- OOCL, Wan Hai enhance China/Middle East service
- Haffa elects Mok chairman for 2002/2003
- PSA Singapore achieves highest throughput In 17 months
- Establishment of MOL (Chile)
- Jardine Logistics moves Heathrow office
- DOT approves antitrust immunity for United and bmi
- Air Canada starts non-stop flights to Madrid
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| APRIL 10, 2002 |
- Result Danzas up 40 percent
The Danzas Group in Switzerland, logistics pillar of Deutsche Post World Net, improved its performance in 2001. Net sales rose by 10.4 percent to 9.153 billion euro. Earnings before interest, taxes and amortization (Ebitda) rose from 113 million to 159 million euro in 2001, an improvement of 40.7 percent.
- Roadway first quarter down
Roadway Corp. reported that revenues for its first quarter, which ended March 23, 2002, were $637 million, down 2 per cent when compared to revenues of $650 million for the first quarter of 2001.
- Still aircraft inspection problems
The US government's program to oversee airline safety is plagued by poor training, inconsistent management and inadequate analysis of the data it collects, a report obtained by USA Today stated.
- European customs system slowly coming
By the end of June all Dutch customs offices must be connected to the New Computerized Transit System (NCTS), known in short as Transit.
- Cathay sees slow recovery
Cathay Pacific Airways plans to bring some of its mothballed aircraft back into service by mid-year as it gradually restores services cut after September 11, but it does not see a full recovery in air travel until next year.
- United Airlines Cargo fuel surcharge
The Cargo Division of United Airlines announced for all domestic and international shipments tendered on or after April 19, 2002, a fuel surcharge will be assessed to offset escalating costs of jet fuel.
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| APRIL 11, 2002 |
- P&O Nedlloyd/LNL jointly launch improved direct E./S. Africa service - Transit time to be faster
- SCI mulling two new direct box services with partners - Far East/China ex-Chennai, Africa/Gulf ex-JNP
- Auto-parts trade aims at 25 pc rise in exports
- Malaysia, India sign contracts involving $ 1.32bn
- Diamond traders set up base in China
- Anti-dumping duty mooted on battery imports
- 7,000 tonnes of rubber exported
- Good scope for drug exports to LatAm countries
- Oilmeal exporters seek transport subsidy
- Gopalpur port works to begin in May
- Tuticorin Port surpasses MoS target in 2001-02 - Handles 13.02 million tonnes H Container traffic up by 36 pc
- NSICT notches up new record in container handling - Registers 153.5 moves per ship hour
- Sanath Nagar ICD posts impressive 23 pc growth in box traffic during 2001-02
- Another Jet Air flight on Delhi-Mumbai route
- Duty drawback rates for garment exporters will be fixed by June, indicates Mohapatra
- ADB envisages 6 pc growth rate for India
- Good scope for expanding trade with South Africa envisaged
- Forex reserves exceed $ 54 bn
- Fresh govt bid to revive textile industry
- CMIE puts GDP growth at 4.5 pc
- Gist of public notices/circulars/notifications
- IMC organises interactive meet with Customs’ chief
- Indo-Brazil trade body formed
- Trade mission leaving for Australia on Saturday
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| APRIL 10, 2002 |
- Oil little changed as bearish AIs are counteracted by current bullish factors
- Montreal and Halifax market report
- Strong demand in steady US East Coast market
- Chile market report from PMC
- Steady prices in the Arab Gulf after last week's gains
- African market report from GAC
- African East and West coast price update
- Tight avails prevail in Egypt, Suez awaits resupply
- Rotterdam morning market report
- EIA cuts oil demand growth forecast
- US senator wants ban on imports of Iraqi oil
- Big gains in Jeddah, moderate Dammam gains from tomorrow
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| APRIL 10, 2002 |
- New World Alliance to bring 9th transpacific service back
- Danzas' Intercontinental and logistics arms record double-digit growth
- Alameda Corridor ready for service on April 15
- Georgia Ports Authority sees rise in tonnage throughput
- Stinnes and Cargo Express International open new base in Pakistan
- CP Ships participates in transatlantic rationalisation
- UPS opens new intra-Asia hub in the Philippines
- Ryder Systems Inc. wins new contract from Wheatland Tube Company
- Lykes Lines voted best carrier to Africa
- Indian Airlines makes Airbus choice
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| APRIL 10, 2002 |
- Telenor makes Inmarsat Fleet service available
Telenor Satellite Services announced today that Inmarsat's new Fleet service is now available to customers globally.
- Box lines cut string
CP Ships and its partners in the Grand Alliance have reached agreement with Cosco, K Line and Yang Ming to form the Atlantic Space Charter Agreement.
- Klaveness takes over Maersk Bulk geared Panamax activities
A.P. Møller is looking to reduce its exposure in the dry bulk sector,
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| APRIL 11, 2002 |
- Port of Portland looks at tighter budget
- Columbus Line boosting Latin America to Asia service
- Ivar's opening Seattle Maritime Festival with new salmon torch relay race
- Port of Bellingham helps fund economic analysis of local economy
- Port of Olympia gearing up for annual chowder/boatswap event
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| APRIL 11, 2002 |
- P&O Princess targets ‘dress-down Friday’ generation
P&O Princess Cruises is upgrading several ships, bringing new ones into service, and introducing a fourth brand designed specifically for the UK market as part of a major expansion programme unveiled yesterday, writes Janet Porter.
- Asian lines pull five boxships off Atlantic
FIVE boxships are to be pulled off the North Atlantic as part of a concerted effort by four Asian container lines to remove surplus capacity and cut costs.
- Lloyd’s fears for its ratings as new look at accounts reveals loss of $4.43bn
LLOYD’S faces a fight to shore up its credibility after unveiling more disappointing financial results, including for the first time what it would be reporting if it produced its accounts in the way a ‘normal’ insurance business does. Likely outcome on that basis for 2001 was a huge loss of £3.11bn ($4.43bn).
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| APRIL 10, 2002 |
- Venezuela oil major assures clients
- Further Caribbean consolidation
- Klaveness takes over Maersk bulkers
- US tightens visitor conditions
- Euro-builders ‘are still smiling’
- Japanese frustrated by deadlock
- Iraqi oil move may hit South Africa
- Zimbabwe appeals to Libya for oil
- US firm on Chinese steel concerns
- Senate moves on port security
- Honduras fines non-reporting bulker
- Cheju open registry gets first ship
- Iscomar breaks Trasmed monopoly
- P&O launches Ocean Village
- Ashdod surcharge angers shippers
- SCI plans new liner services
- Lines pull Atlantic string
- Halim Mazmin swoops on GMV
- FMC charges HK forwarder
- New merger murmurs in Greece
- Bourbon to build port in Vietnam
- Tasmania to aid ferry purchase
- Cotunav rethinks liner link
- Repairs force cruise cancellations
- Tankers in Venezuela still held up
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| APRIL 10, 2002 |
- Cargo up at Port of NY/NJ in 2001
The port handled 19.8 million metric tons of general cargo as containers, bulk and breakbulk freight all showed gains.
- Trans-Atlantic lines pull capacity
Major carriers have reached a new space-sharing agreement that will result in one weekly string of ships being withdrawn from the trade. Weblog: Malaysian port next great transport hub
- India line plans direct China service
Shipping Corp. of India is planning to launch a new direct service from Chennai to north China ports, a company source said.
- Carriers want PSA to cut Singapore handling fees
- Companies fighting Port of Houston's pipe appeal
- Krauter nominated for Port Everglades post
- Railcar builder Greenbrier sees 2Q loss
- Bangkok will speed cargo entry
- UPS opens Malmo air service
- Beijing hub gets $160M loan
- Daewoo wins $80M product tanker order
- Volume, wages declined at West Coast ports
- Tropical acquires Tecmarine Caribe services
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| APRIL 10, 2002 |
- Cruise stock seen buoyant
Expected higher consumer spending boosts Carnival shares by $1.26.
- Millenium Seacarriers to retain auditors
US Bankruptcy Court has to approve the appointment of Deloitte & Touche.
- Liberty seeks waiver transfer
This may be the last of cargo preferential act waiver transfer applications.
- Norden bulks up at Oshima
Danish owner signs for handymax in Japan after selling Nord Cecilie.
- Bidders close on Enron LNG ships
Market waits to see how charter periods and rates will compare with original deals.
- Lithuania moves ahead with two shipping sell-offs
Advisor sought to manage sale of reefer owner Klaipeda Transport and tramp outfit Lithuanian Shipping.
- OMI elects new director
Philip Shapiro is president and CEO of Liberty Maritime Corporation.
- Klaveness gears up with AP Moller
Bulkhandling pool set for growth from takeover of Maersk's geared bulkers.
- USM signs with MarineProvider
E-procurement service adds Hong Kong ship manager to client list including OMI, AP Moller and Golar LNG.
- Box carriers cut capacity on Atlantic trades
Grand Alliance, CP Ships reach agreement with Cosco, K Line and Yang Ming group.
- P&O Princess juggles UK fleet
Cruise operator redeploys ships to launch new brand targeted at "dress-down" market.
- Daewoo wins aframax deal
Unique Shipping splashes out $80m for two expensive tankers.
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