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| AUGUST 14, 2002 |
Shipping News
- Indon Navy detains seven vessels
THE Indonesian Navy has detained seven foreign vessels for alleged unauthorised dredging in the Riau islands.
- Singapore Customs steps up port security
- Plan to open up container services in China's interior
- Call for greater emphasis on sustainability
- Saudi ports cut rates for boxes to boost throughput
Air and Land Transport
- Bankruptcy is in the air
US Airways' bankruptcy filing sparked new worries about the airline industry's worsening financial condition, as investors sent carriers' stock prices plunging on Monday while speculation grew that giant United Airlines may also seek a bankruptcy restructuring.
- Qantas slams foreign ownership cap rule
- Northwest scheme that rewards both firm and staff
- JAL raises fuel price forecast to US$28 a barrel
- US$150m package approved for PIA
- Olympia Airways losses rise nearly 20%
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| AUGUST 14, 2002 |
- Trans-Pacific Lines renews agency contract with WTS
- Le Havre port posts 14pc rise in box traffic at mid-year
- Germany's BBC orders 8 vessels, expands in S. America
- MSC enters US Customs security initiative for carriers
- The Reconstruction of US Airways
- Cathay Pacific brings two industry chiefs into board
- Lufthansa & low-emission jets
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| AUGUST 13, 2002 |
- FedEx, UPS demand for DHL probe
FedEx and UPS asked the US Department of Transportation to reopen its 2001 probe of the Chicago-based DHL Airways, alleging that DHL's (or: Deutsche Post's) stake in the US cargo carrier violates a US federal law limiting foreign ownership of US airlines to 25 per cent.
- US West Coast port talks to resume
Waterfront employers on Monday called for mediation in their stalled contract talks with West Coast dockworkers.
- ITF congress begins tomorrow
The four yearly ITF (International Transport Workers' Federation) congress - the organisation's supreme decision-making event - begins tomorrow in Canada.
- Profit Stinnes up and down
In the half year of 2002 the operating profit (Ebit) of German group Stinnes (Schenker, among other) decreased by 6 percent to 157 million euro.
- 7,000 exit at American Airlines
American Airlines is to cut 7,000 more jobs, ground aircraft and cancel new deliveries as part of a plan to cut its operating costs by at least 1.1 billion a year.
- Malaysia's Port Klang cheapest port
A survey conducted by Shipping Australia revealed Singapore was the fourth cheapest at 47 per cent of Melbourne's costs - beaten only by Malaysia's Port Klang at 33 per cent, Lyttelton in New Zealand at 40 per cent and Tasmania's Burnie Port at 17 per cent.
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| AUGUST 14, 2002 |
- China likely to slap dumping duty on Indian steel
- Bangladesh may impose dumping duty on cotton yarn from India
- Differences delay wheat shipment to Sri Lanka
- Retention of anti-dumping duty on acrylic fibre favoured
- Haldia Dock Complex sets new cargo handling record in July
- Air-India posts Rs 15.44-cr net profit
- IA’s new scheme of unlimited travel
- Optimism on leather exports rising by 3.5 pc to pierce $ 2-bn mark
- EMD forfeiture norms too stiff, aver garment exporters
- 2 Malaysian cos set to invest in AP
- June & first quarter register highest industrial growth of 4 pc in 2002
- Free trade pact with Mercosur under study
- Steel cos may show better results in second, third quarters
- ESC to take part in GITEX expo, plans road shows in WANA
- EoIs for airport projects to be invited by next month-end
- Flower trade seeks airfreight subsidy
- CII seeks 50 pc seed subsidy
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| AUGUST 13, 2002 |
- Price gains in Mexico
- Oil trades regain their cool as US attack seems some way off
- Argentine weekly market update
- New figures show sharp rise in Russian oil exports
- Rotterdam steady despite yesterday's crude spike
- Rising cargo and tightening avails bully Fujairah
- Summer returns to Busan
- Lacklustre demand in Uruguay
- Crude takes a breather after late Iraq inspired rally
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| AUGUST 14, 2002 |
- SN Brussels Airlines signs cooperative agreements
- CaroTrans International to open new office and warehouse in Miami
- American Port Services introduces new cross-dock facility in Savannah
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| AUGUST 12, 2002 |
- Conrad Industries plans to acquire Swiftships
Conrad industries has signed a letter of intent to buy crew boat builder Swiftships
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| AUGUST 14, 2002 |
- Crude price in a spin as war jitters hit home
international attention is firmly locked on the shipping and crude sectors, with rumour and speculation sending oil markets into wild gyrations.
- Insurers to escape worst of European floods
HOUSEHOLDERS are evacuated by heavy vehicles from their homes in the city of Grimma, near Leipzig, as floods continue to ravage central Europe, writes James Brewer.
- Cosco to raise $242m to fund newbuildings
Chinese shipyards look set to benefit from $500m of orders from the world’s largest shipping company, Cosco, as the company unveiled fund-raising details behind plans for more than 10 ships.
- Møller yard to axe 25% of its workforce
DENMARK’S largest shipbuilder, Odense Steel Shipyard in Lindoe, has announced massive cuts in its workforce.
- US container imports still strong despite ailing dollar
US container imports remain well up on a year ago despite the country’s economic slowdown and weakening of the dollar, writes Janet Porter.
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| AUGUST 13, 2002 |
- IMW bags PTP dredging contract
- Singapore to beef up box screening
- Newbuilds issue hots up in Brazil
- Cruise ship's troubles continue
- Manaus terminal to open this month
- Bank offers hope to Polish yard
- PNG should review port concession
- Naviera Universal given ultimatum
- Progreso opens cruise terminal
- Monaco welcomes cruise platform
- Severe flooding hits Danube cruises
- Anders Wilhelmsen eyes Navion
- Filipinos 'have no transfer plans'
- Brazil, China sign agri-agreement
- Wallenius' Hagman lands top car job
- Chemical tanker faces spill charges
- Capacity cut helps Trailer Bridge
- China targets FOC ships
- Malaysia to intensify piracy war
- 'Militarisation' of fleet opposed
- NCL denies crew revolt
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| AUGUST 13, 2002 |
- Trailer Bridge cuts listing deal
The U.S.-Puerto Rico carrier has finalized a transaction that will allow its common stock to continue to be listed on the Nasdaq National Stock Market.
- NS, UP offer new intermodal service
Norfolk Southern and Union Pacific are offering a new service that trims up to three days off transit times for intermodal shipments from eastern U.S. cities to Mexico.
- Crowley Liner Services buys boxes
The carrier is acquiring 1,000 new 53-foot and 1,400 new 45-foot container/chassis combinations.
- American Airlines cutbacks won't hamper cargo
- EGL earnings improve
- BNSF launches logistics unit
- Logistics exec: HK should rethink policy
- USFreightways accounting change
- Cargolifter shutting down
- No Red Sea cargo charters: Navy
- Net gain for Cronos
- Rotterdam boxes end drought
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| AUGUST 14, 2002 |
- La crue des eaux paralyse la navigation intérieure en Europe centrale
“Niveau des eaux inégalé sur le Danube en Autriche... Prague partiellement évacué... Le centre-ville de Salzbourg inondé... Budapest sur le point d’être évacué.” Les informations sur les crues dramatiques qui touchent l’Europe centrale se succèdent à un rythme effréné ces derniers jours.
- Kögel présente de nouveaux systèmes de transbordement pour le transport combiné
Le constructeur de carrosseries et de semi-remorques allemand Kögel a procédé à un certain nombre de tests pratiques sur le terminal ferroviaire de Cologne-Eifeltor dans le cadre du programme européen SAIL (Semitrailers in Advanced Intermodal Logistics). Kögel a à cette occasion développé une semi-remorque spéciale et une caisse mobile équipée de surfaces preneuses pour grues. Le constructeur a en outre présenté une solution pour le chargement/déchargement horizontal de semi-remorques.
- Les chargeurs et agents de fret aérien de Hong-Kong critiquent la hausse du taux de conversion
Les chargeurs de Hong-Kong ne sont pas du tout heureux de la décision de l’IATA d’augmenter les tarifs pour le fret à faible densité. Vu que cela entraînerait une augmentation des prix des marchandises de valeur et que l’Asie assure la majeure partie de la production de ces marchandises, cette région serait plus touchée que le reste du monde par cette mesure, ajoutent-ils.
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| AUGUST 13, 2002 |
- OSG in no hurry to spend cash
Acquisitions will depend on nature of opportunities and predictability of cash returns.
- Conrad to buy Louisiana shipyards
Conrad will pay $12.5m in cash and offer up to $1m in loans.
- Concordia losses stack up
Swedish owners 1970s-built VLCCs hardly cover operating costs.
- Sharp rate decline slashes OSG's net income
The New York tanker owner posts 91.4% drop in second quarter net income.
- Australia seeks pollution fines
Owner and master charged over two year old Great Barrier Reef spill.
- Brostrom gets a discount
Croatian yard concedes price reduction on long overdue product tanker.
- Trailer Bridge fights off delisting
The Florida-based liner company will remain in compliance with Nasdaq listing requirements.
- Detention ends family cruises
Deficient Norwegian cargoship held after children discovered on board.
- Buyer and breaker threaten legal action
Demolition parties fight on despite release of ship.
- Precious profit slumps
Company anticipates tough third quarter with possible end year revival.
- Chung Mong-joon tops the poll
Football crazy Hyundai chief could be South Korea's next president.
- RCL logs big gains
Exchange gain helps boost interim returns for Regional Container Lines.
- CC Tung joins Cathay board
OOIL boss appointed to the board of Asia's fourth largest airline.
- Singapore to beef up container security
Port authorities are looking to acquire X-ray machines to scan shipping containers.
- Idemitsu VLCCs complete STS
Crippled Orpheus Asia heading for Singapore after crude transfer is completed.
- Timber carrier on fire off Japan
Crew are plucked to safety after ship suffers explosion in engine room.
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