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| AUGUST 12, 2002 |
Shipping News
- Japan Coast Guard vessel to be deployed in region
A Japanese Coast Guard vessel has arrived in South-east Asian waters in what observers believe may be the first time Japan is deploying a vessel for an unspecified time in the region on solo anti-piracy patrols.
- Back off, West Coast dock worker unions tell White House
- Hyundai Merchant sells unit for US$1.5b
- ITF replaces Manila office with inspectorate
Air and Land Transport
- Asian airlines leading industry's climb out of slump
ASIAN airlines have got the jump on their US competitors, with profits resuming an upward trajectory and grounded planes returning to service to meet increasing demand.
- Air China banned from flying B747-200 to Busan
- easyJet to cut flights, charter extra aircraft
- BA launches inquiry into suspected 747 fire
- Eurowings' new budget airline to be called German Wings: report
- Log Book
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| AUGUST 12, 2002 |
- Shanghai Puhai inaugurates north China feeder services
- Amsterdam ports report 3pc mid-year rise in tonnage
- Delta gets US$1 billion ASA, Comair maintenance contracts
- SAS names 2 appointments to finance and airline support
- Orlando International gets US$8.4 million in grants
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| AUGUST 9, 2002 |
- Rotterdam: throughput container + 2.3 per cent
Transshipment of containers in the port of Rotterdam grew 2.3 percent in het first half of 2002, compared to the first 6 months of 2001. Total transshipment was down 1.7 per cent.
- Roadway nog sure about rebound
Roadway Corp. (ROAD) had month-to-month increases in tons of cargo hauled in each of the last six months, but the increase in late July was lower than management expected, said Michael W. Wickham, ceo of Roadway. so he is nog sure about the rebound of the economy and shipping volumes.
- Singapore wants higher hub stakes
A global integrated logistics hub - that's what Singapore has set for its next level of competence in the maritime and logistics industry. (It sounds great, and empty as well.)
- Korean Air Q2 profit
Korean Air Lines Co Ltd posted unexpectedly strong profits for the second quarter of 2002, although a currency appreciation and lower fuel prices flattered the result, helping to reverse its loss of a year earlier.
- China Southern to Xi'shuangbanna, Lijiang & Dali
China Southern Airlines announced new service - available now - from Baiyun International Airport in Guangzhou to Dali, Lijiang and Xi'shuangbanna in Yunnan Province.
- KLM Cargo increases rates by 5 t0 10 percent
KLM Cargo announced that it is increasing air freight rates effective November 1, 2002. The move follows the current adjustment of air cargo capacity.
- UK wants 'congestion charging'
Airlines, their passengers and shippers should face higher prices under a "congestion charging" scheme that would force carriers to bid for take-off and landing slots at Britain's busiest airports, the influential think-tank Institute for Public Policy Research is proposing.
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| AUGUST 12, 2002 |
- IPBCC member lines to hike freight rates, bunker & fuel surcharge from Sept. 1
- US Customs Service wants cargo details 24 hours before loading onto ships
- HRC Shipping & Concor sign pact for seamless operations - S. India-Bangladesh box service via Chennai
- Free trade area move must be expedited, emphasises Thailand Ambassador
- CEPC to survey cashew kernel markets in US, Japan
- US exempts Indian jewellery from import duty
- Resources-rich Ghana invites Indian entrepreneurs
- India may ease import curbs on Ghanaian cocoa
- HSL may cancel tenders, build floating dock on its own
- Staff move to make Cochin Port more user-friendly
- IATA ranks Indair top logistics company
- Used knitting machine imports entitled to TUFS
- Rudy asks marine trade to tap Chinese market
- RBI eases forex norms for ADs
- Beijing fair drawing immense interest from IT, biotech & pharma cos
- Panel on grain policy calls for review of subsidies
- 87 pc growth in FDI flow in May
- Retain ESMA, urges Ficci
- Garment exports in April-July rise by 10.58 pc
- ‘Technical textiles’
- Processors urge cut in Customs duty on crude edible oils
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| AUGUST 9, 2002 |
- Daily Bunker market report from Praxis Energy Agents
- Shell Marine Products issues statement to quell rumours about Istanbul operations
- Oil production up everywhere
- US products demand up 2h2002
- Product released from Istanbul storage tanker
- Boat Races, Bunkerworld and the Commonwealth games
- Pump trouble in steady Africa
- IEA downgrades 2002 oil demand forecast, strong recovery next year
- Directionless crude in sluggish summer trade
- Rotterdam: No aggressive selling
- Limited avails in many USWC and Pacific Northwest markets
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| AUGUST 9, 2002 |
- ZIM agent in Nigeria named "Most Improved Shipping Company"
- TACA's bunker adjustment factor stays at current level
- Port of Portland: Grass straw exports have record year
- Port of Koper sees maritime cargo throughput rise in first half of 2002
- United Cargo introduces new express service
- American Airlines and Finnair receive US anti-trust immunity to further enhance OneWorld alliance
- Ferroviasped acquires Finnlines' railway business
- Cosco Logistics launches dedicated train service
- Grand Alliance carriers focus on China
- PetroLesPort reports further increases in cargo throughput
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| AUGUST 9, 2002 |
- Princess adds two R ships
P&O Princess Cruises today announced the acquisition of the former Renaissance vessels, R3 and R4.
- Now United Heavy buys a shipyard
Russia's United Heavy Machinery--which was the surprise buyer of naval architect Friede & Goldman back in May--has now bought the SSRZ III, Astrakhan
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| AUGUST 9, 2002 |
- Port of Kalama boosting linesmen services charge five percent
- Straw from Willamette Valley heads to Asia in record volumes
- Secretary of Transportation will look in on marine transport confab
- Port of Olympia celebrates 80th Anniversary at Port Plaza
- U.S. rail freight counts roll to positive month in July
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| AUGUST 12, 2002 |
- New lease of life for Renaissance vessels
P&O Princess Cruises finally snapped up two former Renaissance Cruises’ vessels in a long awaited deal described by chief executive Peter Ratcliffe as "one of the world’s worst kept secrets".
- Warning to ports over terrorism exposure
REDUCTIONS in terrorism cover could leave some port operators uninsured for big claims in the event of an attack, an official of the TT Club - a top insurance provider - has warned.
- Ships ‘next form of attack’
The next terrorist threat could come from using ships to mount an attack and disrupt international trade, Singapore Deputy Prime Minister Lee Hsien Loong warned at the weekend.
- Marsh sets sights on $1bn Benfield
US insurance broker giant Marsh & McLennan is expected to launch an $1bn swoop for Benfield Group, the influential London-based reinsurance broker.
- Mediator idea raises stakes in US West Coast labour dispute
THE Pacific Maritime Association has raised the stakes in the waterfront labour dispute on the US West Coast by proposing the use of a third-party mediator to help employers and unionised dockers thrash out a new collective bargaining contract.
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| AUGUST 9, 2002 |
- Bimco urges Kandla to end ban
- Bunkering interruption clarified
- US reassesses marine infrastructure
- US trade bill has 'great impact'
- Brazil's ports up for discussion
- Unhappy crew forced off ferry
- Rotterdam sees gloom lifting
- Sinking Jasmine crew safely rescued
- Vietnam cancels Al Najat contracts
- Eritrea to cover political risk
- UK proposal may herald tax changes
- Korea seeks foreign port investors
- New ship proposal for China project
- Filipino owners fear Marina move
- Korean bulker sinks after collision
- Scare briefly closes Miami port
- HMM to conclude car deal tomorrow
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| AUGUST 9, 2002 |
- Rate hike for KLM Cargo
The Dutch carrier will increase freight rates on all routes out of Europe on Nov. 1, the latest indication of an upturn for the global air freight market.
- Plan to expand China box services
China's largest port is considering a proposal to build and a modern freight hub that would open container services to the country's vast interior.
- Record volume for Le Havre
The French port posted its third monthly record for containerized traffic as it handled over 155,000 TEUs in July.
- Insurer: Ports are exposed
- Hub Group names CFO
- Interpool extends debentures offering
- Unisys, Air Canada cap cargo IT project
- Schneider Logistics names Ruff
- Emirates adds cargo exec
- Seabulk Intl. loss in 2Q
- Trans-Pacific Lines extends WTS agency deal
- Subaru (U.S.) selects Bax Global
- GE building Calif. jet engine test complex
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| AUGUST 9, 2002 |
- Tighter US port security paying off
Discovery of spent artillery shell in container shuts down Miami port temporarily.
- Tsakos Energy stock price falls to new low
The price drop is attributed to weak first half net income reported on Thursday.
- Global Crossing sold for $750m
The bankrupt cableship owner is sold to two Asian telecommunication firms it tried to buy earlier.
- PMA seeks third-party mediator
A third-party mediator may help sort out differences between US West Coast port operators and union.
- Tanker market may see higher oil demand
The slow recovery of oil demand is expected to begin in fourth quarter of this year.
- Demolition spat deepens
GMS associate Komal Sharma reported to have been taken into police custody in Calcutta.
- WG&A builds fleet with Japanese buy
Philippine ferry owner splashes cash on two ro-paxes from Meimon Taiyo.
- P&O Cruises buys two Renaissance ships
Cruise giant takes on Taihiti-based vessels for Pacific operations.
- Eimskip sells veteran containership
Change of strategy toward chartering prompts Icelandic owner to dispose of Lagarfoss.
- Firms line up for Kra Canal study
But Thailand's deputy prime minister warns that offers of assistance must be unconditional.
- STS underway between Idemitsu VLCCs
Crude has begun to flow between Japanese owner's crippled Orpheus Asia and Super Zearth.
- Seabulk slips back in first half
Strong tanker earnings for US owner not enough to offset weaker Gulf of Mexico offshore vessel market.
- BC Ferries looks to order new ship
Canadian ferry operator goes out to the market in search for larger ro-pax newbuilding.
- Wan Hai in double Hong Kong detention
Two boxships from Taiwanese owner fell foul of port state control inspectors last month.
- Korean ship sinks off Japan
Captain dead and seven crewmembers missing as two ships collide off Shizuoka.
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