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| MAY 15, 2002 |
Shipping News
- US Coast Guard sounds port alert for terrorists
THE US Coast Guard has warned shipping lines and terminal operators in the Ports of Los Angeles and Long Beach to be vigilant after intelligence reports indicated Islamic terrorists recently entered the US through these ports.
- Hutchison eyeing stake in Qingdao port
- Philippine ship blaze: owner, crew may be charged
Air and Land Transport
- End to Aussie airport price regulation urged
PRICE regulation at Australia's major airports should be replaced by a 'light-handed' regime in which prices are monitored - but not capped - for a five-year probationary period, the Productivity Commission said yesterday.
- BA rolls out de luxe ride for Eriksson's squad
- New Swiss carrier Q1 loss narrower than expected
- PAL chalks up unaudited loss of 1.5b pesos
- Black box plucked from sea
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| MAY 15, 2002 |
- MTL takes on Noell quay cranes
- Dedicated service to Luanda from Nile Dutch Africa
- K Line issues shares to staff
- AA ties up with SWISS
- Short landings on cargo flights swell accident figures
- TIACA's 2004 Air Cargo Forum goes to Spain
- Delta Air Lines announces codeshare service to Mexico
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| MAY 14, 2002 |
- Fear for US Airways bankruptcy
US Airways shares plummeted as much as 37 per cent on Monday morning, as the struggling airline rushes to forge a comprehensive restructuring that would keep it out of bankruptcy.
- Kuehne & Nagel buys African company
Kuehne & Nagel strengthens its position in Mauritius by acquiring the majority stake in Nakufreight (Mauritius) Limited.
- Eagle net margin up
EGL said net revenue margins improve to highest levels since 3Q1999, while operating income improved $16 million over 1Q2001.
- Rotterdam happy with big customer
SSAB Tunnplat (Sweden) has concluded a contract with Gevelco Transport Group to develop a logistic center for the European distribution of high-strength steel products in the port of Rotterdam.
- Swiss result 'better-than-expected'
The new Swiss airline Swiss generated total operating revenue of CHF 517 million for the first quarter of 2002 and posted a CHF 190 million consolidated loss for the period.
- Evergreen to incorporate sister
The Evergreen Transport Corp., the inland transport arm of Evergreen Marine Corp., will take over sister company Uniglory Marine Corp. in a stock swap to become effective Oct. 31.
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| MAY 15, 2002 |
- Delmas, P&O Nedlloyd & MOL to launch new Asia-E. Africa joint service - Cochin included as direct port of call
- Sundeep Sibal at the helm of MOL India
- India invites US to set up units in apparel parks
- Londoners curtsey to the King of Fruit
- Contradictory reports emerge about PM’s views on Major Ports’ corporatisation
- Bharati Shipyard hands over bitumen tanker-cum-roro ship to Al Jaber
- S. R. Kulkarni’s term as MbPT Board Trustee extended
- Malaysian Airlines keen on more flights to Hyderabad, Chennai airport leasing
- Singapore Airlines emerges top export carrier from Chennai
- Talks under way to cement commercial relations & co-operation with Gulf nations
- Andhra Pradesh eyeing leather export trade; sets up 94 parks
- Only structural reforms can raise GDP growth to 6 pc, says CII survey
- SAD on imports under DEPB scheme saddens synthetic textile exporters
- Ircon bags $ 2.5 b rail project in Malaysia
- EOUs get CSEZ awards
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| MAY 14, 2002 |
- Avails generally OK in Panama
- Argentina weekly market update
- IEA predicts shortage of oil stocks if OPEC maintains cutbacks
- Chile market report from PMC
- Softer fuel oil in Brazil
- Piraeus market report from Aegean
- Crude oil reaches eight-month high
- Rotterdam market opens firmer
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| MAY 14, 2002 |
- IATA publishes its Safety Report 2001
- Gevelco Rotterdam to develop European hub for SSAB Swedish Steel
- Honk Kong airport reports rise in cargo volumes in April 2002
- COSCO adds new 5400-TEU ship to its Asia/Europe trade
- APL ends Asia/Australia service and Joins Maersk Sealand and "K" Line
- Port of Los Angeles: 22% rise in inbound container traffic in April 2002
- Italia di Navigazione signs an agreement with JSA Consortium for their service between the Mediterranean and East Coast South America
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| MAY 14, 2002 |
- Tidewater picks new EMD model for 282-ft anchor handlers
Stewart & Stevenson Services, Inc., New Orleans, La. has shipped the first four of 20 marine models of General Motors totally new EMD 16-265H diesel engines and generators to Yantai Raffles Shipyard
- New research ship planned
The University of Delaware is planning to build a new, 138-foot, state-of-the-art research vessel.
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| MAY 15, 2002 |
- Tanzania to Inspect Lake Victoria Vessels
- Cruise Ship Jobs: Hiring Flouted IMO, ILO Rules
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| MAY 15, 2002 |
- Hundreds of vehicles gutted in car carrier inferno
HUNDREDS of used cars are likely to have been lost after a serious fire on board a car carrier in Antwerp, writes David Osler.
- Islamic terrorists ‘evade US security’
Fears that international efforts to tighten maritime security are failing have been highlighted by reports that as many as 25 Islamic extremists have entered the US as stowaways aboard "prominent commercial cargo vessels" since March.
- IMO rift looms over US security proposals
US anti-terrorism proposals for extensive amendments to the International Safety Of Life At Sea Convention will face stiff opposition at the International Maritime Organisation today.
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| MAY 14, 2002 |
- OMI crew admits to dumping cover-up
- Brazil to get tough on cargo thefts
- Port privatisation ‘irreversible’
- CMA CGM, OOCL drop SCI bid
- Yemen boosts port security
- Ennore to build VLCC berth
- Wilhelmshaven backers undaunted
- N&S captain's body flown home today
- Kenyans urge recruit scam refunds
- Financial boost for Filipino owners
- Russian ports fear steel export cut
- Vietnam licence involvement denied
- Hamburg drops Wilhelmshaven plans
- Australians seek clearer leadership
- Canadian minister in Yarra dispute
- SA urged to let in 'distress' ships
- USCG mum on stowaway report
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| MAY 14, 2002 |
- Rate hikes for westbound citrus
Shipping lines that carry refrigerated cargoes from the United States to Asia intend to raise their rates this summer on citrus, vegetables, apples and melons.
- Singapore's PSA weighs new lures
Singapore's leading container terminal operator says it's prepared to consider dedicated berths, stakes in terminals and other measures to keep its lines from defecting to other ports.
- EGL reports $3.9M loss
The costs from the acquisition of Circle International dragged down earnings.
- Teamsters slates UPS strike authorization vote
- Bush signs border security bill
- New Orleans pilots keep $94K raise
- Sri Lanka port's transshipments fall
- JSA, Italia in Med-S. America agreement
- Final rule for HMT refunds
- Rally for U.S. rail intermodal
- KAL profit climbs in 1Q
- STB denies Union Pacific challenge on coal rates
- G-Log secures $20M in funding
- Kuehne & Nagel acquires Mauritius agent
- Díaz new chairman of AAPA
- Hamburg Süd orders 2,300 reefer boxes
- GATX Rail acquires Mexican railcar fleet
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| MAY 15, 2002 |
- TNWA va-t-il transférer son service atlantique d’ECT vers le Mærsk Delta Terminal?
Vers la fin de l’année dernière, alors qu’au sein du groupe The New World Alliance on prenait les dispositions nécessaires à la réduction de la capacité sur la route Europe-Asie et que se posait la question du maintien ou non des services au terminal rotterdamois d’ECT, jugé trop cher et peu performant, Anvers était pris en considération, mais aussi d’autres terminaux rotterdamois, à savoir le Mærsk Delta Terminal et Hanno/Uniport. On sait qu’une première décision est déjà tombée, qui s’est traduite par la concentration du loop CEX (China-Europe Express) à Anvers au détriment d’ECT, qui perd ainsi quelque 50.000 containers ou 85.000 TEU. Tout semble indiquer que d’autres décisions vont encore
intervenir étant donné que des négociations sont toujours en cours et avec Mærsk Delta Terminal et avec Hanno/Uniport.
- Luxair marque des points sur tous les fronts
La compagnie aérienne luxembourgeoise Luxair a clôturé 2001 sur un bénéfice net de 20,3 mio. d’EUR. Cela représente une augmentation de 4% par rapport à 2000. Luxair a vu augmenter tant son nombre de passagers que son tonnage fret traité. Et cela, sans avoir demandé le moindre franc ou euro de subside, a dit le CEO Christian Heinzmann au cours de la présentation des résultats annuels à Luxembourg.
- Un carcarrier détruit par le feu au port d’Anvers
Malgré tous les efforts des pompiers anversois, il y a de fortes chances que le transporteur de voitures panaméen “Silver Ray” sera entièrement détruit par les flammes. Le navire était amarré à hauteur du quai 406 à la darse Churchill lorsqu’un incendie, dont la cause est encore inconnue, s’est déclenché lundi soir vers 23h dans une des voitures transportées.
- Fréthun: la SNCF n’accepte plus de nouveaux trains de marchandises!
La situation ne fait qu’empirer à Fréthun où la SNCF a décidé de ne plus accepter de nouveaux trains de marchandises en attendant d’avoir résorbé un retard de 23 trains. On estime que cela durera au moins toute la semaine.
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| MAY 14, 2002 |
- New Orleans river pilots in the money
The highly paid river pilots won $94,000 pay raise from Public Service Commission in 2001.
- Two former OMI crew members plead guilty
A former ship master and chief engineer were guilty of making false statements to USCG.
- Changing of guards at Oglebay Norton
Michael Lundin will take over as CEO from incumbent John Lauer in January 2003.
- OMI boasts strong balance sheet
The Connecticut-based tanker owner could withstand a weak market for up to two years.
- VLCC rates harden toward WS 50
Sentiment for large tankers on the rise with cargo stems expected.
- K C Maritime orders bulker
Hong Kong owner is backing the market interest in panamax newbuildings.
- Ship sale boosts Gotland
Swedish ferry and tanker owner delivers improved result despite difficult market.
- Runners drop out in SCI race
Seven contestants for the final heat emerge as Shipping Corp of India bidders line up.
- Seasonal dip at GNV
Newbuilding costs and low season pushes Italian ferry owner Grandi Navi Veloci into red in first quarter.
- Hapag-Lloyd shares soar
Preussag's EUR 24m offer for last slice of container line sends stock sky-high.
- Cargoship burns in Antwerp
Fire-fighters try to extinguish blaze on vessel in Belgian port.
- Debt crisis at Northern Offshore
John Fredriksen's drilling company has a month to find funds to keep going.
- RCL back in profit
Thai container line benefits from exchange gains in first quarter.
- Philly yard loses Keystone tanker deal
Finance hiccup causes collapse of product tanker orders for US shipyard.
- Precious poised to breakeven
Thai bulker owner expects to unveil US dollar position on results in next few days.
- Japan holds more ships in April
Japanese port state control checks resulted in detentions for 37 vessels.
- DNV chief's share dealings under scrutiny
Securities Commission asked to look at Helge Midttun's sale of Stento stock to class society before he joined.
- Thoresen boosts fleet with bulker buy
Thai bulker owner Thoresen Thai Agencies moves up a size with its latest acquisition.
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