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| AUGUST 13, 2002 |
Shipping News
- S'pore's ship-based port costs among world's lowest
SINGAPORE's ship-based port costs for container lines are among the lowest in the world, according to a survey conducted by Shipping Australia.
- Firm can do study on Kra Canal project if it pays up
- Somalis demand ransom for ship
Air and Land Transport
- US Airways files for bankruptcy protection
THE US Airways Group on Sunday filed for bankruptcy protection, the first such filing by a major US carrier since the Sept 11 attacks triggered a financial crisis in the airline industry.
- Delta pilot refuses to fly Israeli minister
- No-frills airlines, holiday season, boon to BAA
- Analysts raise their forecast for Cathay's 2002 net profit
- UPS, FedEx want US to reopen DHL probe
Features
- Spain builds biggest floating dock
A FLOATING dock almost the size of the Empire State Building, the biggest of its kind in the world, is ready to sail from the southern Spanish port of Algeciras bound for Monaco.
Columns
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| AUGUST 13, 2002 |
- Hutchison launches Shantou to Yantian feeder link
- Ecu-Line goes to Xingang, partners with Tianjin NVOCC
- Columbus joins real-time, reefer cargo monitoring trials
- Singapore logistics firm buys remaining stake in NVOCC
- K&N subsidiary takes over rail business from Finnlines
- China Southern adds three new Yunnan destinations
- Northwest issues US$749mn bonds to buy 20 aircraft
- America's Schneider National names new president and CEO
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| AUGUST 12, 2002 |
- 1.7 per cent fall in Rotterdam throughput
The decline in throughput in the port of Rotterdam remained limited to 1.7 per cent in the first six months of 2002.
- Asian airlines leading in recovery
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.
- Hyundai auto-carrier to Wilhelmsen
Hyundai Merchant Marine signed a $1.5 billion deal last Saturday to sell its auto-carrier unit to a venture led by Norway's Wilhelmsen.
- New ceo Schneider National
The board of directors of Schneider National elected Christopher B. Lofgren, 43, as president and chief executive officer, and has appointed him to the board of directors.
- Vopak result a bit disappointing
The shares of Vopak were down 1.5 per cent to 11 euro this morning on the Euronext in Amsterdam,after the Rotterdam-based tank storage company released half year results.
- US Airways beaten by Bin Laden and bad economy
US Airways Group filed for bankruptcy-court protection, the first big airline to do so since the Sept. 11 terrorist attacks.
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| AUGUST 13, 2002 |
- Undue delay in SCI sell-off piques bidders
- Acme Shipping scans new global horizons in 2nd year of operations
- Nagpur Shipping Line Agents Assn governing body
- Indonesian order for BHEL
- Dumping probe into imports of IPA terminated
- Dumping duty on imports of BOPP film imposed
- Hooghly Dock and Port Engineers recommissions vessel for Andamans
- Imports of edible oils via Bedi port swell
- Forex reserves up by $ 261 million to $ 59,867 million
- Petronet to build new pipeline from Kandla to Bhatinda in Punjab
- Forex reserves exceed $ 60 bn
- Retain duties on acrylic yarn, says DGAD
- Mitsubishi opts out of STC stake race
- State govt assures all help to establish biotechnology companies
- CEU to become new EPC
- CII wants stand on farm policy at WTO reviewed
- Special handloom rebate to clear huge stocks
- CII takes up octroi issue with civic chief
- Govt to make 10-digit code for transactions mandatory - Trade Identification Number soon
- Garment fair nets Rs 150-crore business
- CII, Ficci surveys point to definite economic recovery in 6 months
- 8 pc rise in exports via airports
- Foreign Trade Analysis: Current Policy & Procedures
- Seminar on managing diverse workforce held in Vizag
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| AUGUST 12, 2002 |
- New TWI figures from Viswalab now on-line
- Crude continues rangebound on mixed signals
- Daily Bunker market report from Praxis Energy Agents
- Durban: Sapref refinery re-opens early
- Apparent availability respite in Singapore
- Novorossiysk: Operations resume after devastating storms
- Rotterdam opens week with little change
- Brazil flat-line continues
- Genoa still thirsty
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| AUGUST 12, 2002 |
- Corps will look at findings of Columbia dredging panel
- DOT says airlines must transport passengers holding worthless tickets
- Activies planned for Whidbey Island result in expanded ferry schedule
- NYK and Grand Alliance partners add two more port calls in China
- Princess adds two ships offering more intimate cruises
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| AUGUST 12, 2002 |
- Sept 11: Will it End 'Secrecy' in Shipping?
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| AUGUST 13, 2002 |
- US hunts terror threat into foreign waters
THE Bush administration is actively pursuing agreements with dozens of countries to allow US Navy vessels to pursue and board suspect ships in those nations’ sovereign waters.
- Britain set to approve American customs at ports
BRITAIN expects to conclude negotiations with the US about stationing American customs officers in UK ports by the end of the month.
- What’s-in-the-box policy is ‘the big one’ says Horrocks
EFFORTS to tighten maritime security by requiring 24-hour advance notice of the contents of US-bound containers before loading at a foreign port will have a major impact on carriers, leading industry executives said yesterday, writes John McLaughlin .
- AP Møller faces domestic fury over $400m US Navy contract
AP Møller was at the centre of a political row in Denmark yesterday over the signing of a contract with the US Navy last week, writes Janet Porter.
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| AUGUST 12, 2002 |
- US seeks end of crew list visas
- Study highlights Massawa's role
- Seaboard Marine profits squeezed
- Feinstein bill strengthens Customs
- Tarragona signs Rosario lease
- Cosco ship aground off Mozambique
- Master stranded on cable ship
- German veteran goes under
- Icebreaker Irizar heads home
- Greek ferry runs East Africa link
- Ship terrorism could hit Singapore
- Court rules on seafarers' status
- Arab countries agree line accord
- 'Said to contain' may have to go
- Cornelius to open LA's Pier 400
- US West Coast mediator sought
- Ship blast kills two crew
- Negros to focus on cargo carriage
- MOL to use new steel for tankers
- HMM completes car unit sale
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| AUGUST 12, 2002 |
- West Coast port talks to resume
Port employers on Monday called for mediation in their stalled contract talks with dockworkers.
- Rotterdam boxes end drought
Total cargo fell slightly at the world's biggest port in the first half of the year but that the loss was ameliorated by container traffic that reversed a two-year decline.
- British air freight strengthens
BAA, the world's largest airports operator, said cargo through its seven United Kingdom hubs broke a two-year slump, more evidence that global air trade is recovering from its post-Sept. 11 funk.
- Trailer Bridge sees better outlook
- Business as usual for US Airways cargo
- Seaboard acquires Concorde Line
- U.S., Mexico backing Canada in UPS suit
- Carriers ask U.S. to probe DHL
- DHL Airways' O’Gorman dead at 59
- First-half profit for Torm
- FedEx Express launches India export service
- Vopak profits off
- Turnaround for Celadon
- Emery to offer online seminars
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| AUGUST 13, 2002 |
- US Airways demande le concordat
US Airways a demandé la protection du ‘Chapter 11’. Elle est la première compagnie aérienne à avoir introduit une demande en ce sens après les événements dramatiques du 11 septembre 2001. Entre-temps, la compagnie poursuit la mise en œuvre du plan de restructuration lancé en mai dernier. La fine fleur des instances financières serait toutefois disposée à prêter main forte à US Airways.
- Vopak clôture le premier semestre sur un bénéfice en recul
Vopak, qui se focalise sur la logistique de vracs liquides et l’entreposage citernier, a enregistré au premier semestre un bénéfice net de 45,5 millions d’EUR. Il s’agit là - à périmètre constant et tenant compte de la scission de la distribution chimique dans Univar - d’une baisse de près de 31% par rapport au premier semestre 2001. Le résultat d’exploitation a chuté de 11,2% à 103,3 mio. d’EUR, pour un chiffre d’affaires en recul de 1,9% à 403,1 mio. d’EUR. L’Europe et l’Amérique du Nord ont déçu, l’Asie et l’Amérique latine ont noté une forte croissance, mais n’ont pas pesé assez lourd pour inverser la tendance générale. Dans aucune région, Vopak n’a toutefois enregistré de perte d’exploitation.
- Zeebrugge en très légère progression (+0,3%) au premier semestre
Le port de Zeebrugge a renoué avec la croissance au cours du premier semestre. La progression du trafic est restée certes très modérée, mais la prestation n’en est pas moins jugée bonne comparée aux résultats de certains autres ports de la rangée du Nord. Le trafic maritime global a atteint à la fin juin un volume total de 16,48 millions de tonnes, en hausse de 0,3% par rapport au premier semestre de l’année précédente. Les éléments moteurs de cette performance sont les containers (+12,3%) et les vracs liquides (+10,1%).
- Rotterdam renoue avec la croissance dans le trafic containérisé
Les autorités portuaires de Rotterdam viennent de rapporter un trafic total de plus de 159 mio. de tonnes à l’issue des six premiers mois de l’année, une perte de 1,7% par rapport aux 162 mio. de tonnes enregistrées durant la même période en 2001. Selon le directeur-général Scholten, Rotterdam se réjouit surtout du revirement dans le secteur des containers, où le port mosan avait été le seul grand port européen à perdre du terrain ces deux dernières années. Pour l’ensemble de l’année, Rotterdam table sur un volume similaire à celui de 2001.
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| AUGUST 12, 2002 |
- Torm expects profit chill
Forecast cut as exchange rates hit expansionist Danish shipowner.
- More insider selling of Genmar stock
Spencer Finance Corp has registered to sell 100,000 restricted shares.
- Carnival wins tax battle
Decade-long fight over port tax ends in victory for cruise industry.
- Vopak posts weak profits
Investment earnings from pension fund are yielding disappointing results.
- TT Club shuffles management
Colin Lewin promoted to run liner shipping insurance mutual.
- Carnival stock options begin trading
The company's long-term equity anticipation securities have maturity period of up to three years.
- "I killed Costis Peraticos"
Terror suspect Savas Xiros confesses to murder of Greek shipowner.
- AWB ships caught in Iraq-US threats
Warmongering talk could delay up to twelve bulkers carrying grain out of Australia.
- Trailer Bridge again cuts losses
Cost-cutting initiatives help slash second quarter net loss by $4m from a year ago.
- Maersk under fire over US deal
Danish left criticise contract that could put AP Moller in conflict with foreign policy.
- Mystery surrounds Somali ship hijack
Reports of about an alleged piracy attack are becoming increasingly confused.
- Wallenius Wilhelmsen bumps up share in CAT
Car carrier giants boost logistics interests after wrapping up HMM car carrier unit buy.
- Torm stalks Norden
Failed bidder signals intentions as it pushes stake in rival a little higher.
- MMM moves to the main board
Malaysian Merchant Marine has ambitious fleet expansion plans.
- Conferences in rate restoration move
Three of the container conferences have increased rates, but two have cut insurance surcharges.
- China Shipping income falls
Shanghai-listed arm of Chinese shipping giant experiences tough first half.
- Maersk inks $400m US Navy deal
Danish behemoth increases ties with US military in eight-ship management contract.
- HMM signs $1.5bn car carrier deal
Buyers become world's largest segment operator with formal acquisition of 76-strong fleet.
- Things are looking up at the PSA
First Hanjin agrees to stay, container throughput is up and now a top exec wins a Beemer.
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