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| NOVEMBER 15, 2002 |
Shipping News
- US must consider EC security concerns: Lamy
EUROPEAN Commission pressure on the US over its Container Security Initiative is mounting with the EC trade commissioner warning that it would be 'disastrous' for relations between the two if EC concerns are not 'fully addressed'.
- US set to pass maritime security act
- Obey court order, US govt warns both sides
- Crew rescued from listing tanker
- New delivery dates for Princess ships
Air and Land Transport
- Most Asian carriers expect profits this year: airline grp
MOST Asian airlines are eyeing profits this year despite the Bali bombing but rising insurance costs and new security measures to thwart terrorism may erode the bottom line, officials say.
- Taiwan airlines welcome China charters
- Boeing union to recommend accepting 3-year contract
- EADS Q3 operating profit falls 34%
- LOG Book
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| NOVEMBER 15, 2002 |
- China's total trade volume in October increases over 30pc
- Port of Yokohama aims to be Japan's top auto handling pier
- Third quarter net income inches higher for Cronos Group
- Malaysian port cargo pile-up looms over charges
- IAPH chooses first lady as third vice president
- BMT buys German unit of Swedish TFK
- US WC port lockout spurs growth for Mercury Air Cargo
- Dnata Cargo reports over 20pc rise in interim volumes
- SAS wins Terminal 2 dispute with SCAA
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| NOVEMBER 14, 2002 |
- Shippers victims of employers, union at US West Coast
Port employers and union longshoremen share the blame for the recent slowdown in handling cargo at the U.S. West Coast ports, the U.S. Justice Department said in court papers Wednesday.
- Stinnes profit up
The Stinnes Group stayed on course in the first nine months of the year 2002 and matched its record operating profit of the previous year.
- Deutsche Post to streamline management
Deutsche Post is to streamline the management of its Express Corporate Division's production branches.
- Growing problem of cargo theft in Los Angeles
Security will be stepped up at the Port of Los Angeles in hopes of reducing a growing problem of cargo theft, authorities said.
- Loss Nedlloyd, gain for Martinair
Rotterdam based transport holding Nedlloyd NV said it had a third quarter 2002 net result of -33 million euro. The third quarter 2001 still gave a positive result of 8 million euro.
- P&O Nedlloyd operating loss $46 million
In the third Quarter 2002 P&O Nedlloyd Container Line Ltd. made an operating loss for the quarter of $46 million, the same as for Q2 2002 but with higher fuel prices having an adverse impact of $15 million.
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| NOVEMBER 15, 2002 |
- Hapag-Lloyd confident of substantial operating profit - 7,500-TEU Hong Kong Express named
- Intermodal Logistics Forum on Dec. 11 at Rotterdam
- Hamburg Sud arm RAO celebrates half century afloat
- Maersk Sealand turns in star performance
- OOCL reaffirms commitment to Singapore with Virtual Terminal Agreement with PSA
- Bill Woods appointed President of Rickmers-Linie America
- ECU-Line to and from Japan
- TMM & Stolt-Nielsen in parcel tanker co-operation
- New CEO for Det Norske Veritas
- MSC adds 3 Med port calls to N. Atlantic service
- OTAL expands service calls to include Las Palmas
- Danzas to move under DHL brand name from April 1, 2003
- Canada Maritime appoints new agent in Baltic States
- Logistics seminar held in Xiamen
- Evergreen drops joint PTP-Thailand service
- LNL upbeat about India’s sustained growth in trade volumes - Committed to improving services as per demand
- Shrimp exports unaffected by US moves
- Soaring garlic prices compel govt to import
- Chinese team at IITF sees vast scope for business with Indian cos
- Sugar industry looks to exporting more as local demand dips
- Chinese co seeks sanction to invest in smelter unit
- Buta Singh visits Mormugao Port
- Move to revive Alappuzha port
- Emirates’ half-year profits soar by 140 pc
- SriLankan starts more services to India
- Bali airline likely to begin service in Feb. 2003
- KLM Cargo to begin Toronto service
- Three US carriers form partnership
- Taiwan’s air cargo volumes soar
- Textile industry urges implementation of N. K. Singh Committee report
- Mumbai-Pune region is India’s economic powerhouse, asserts US Trade Commissioner
- Vizag zone excise, customs net Rs 4,416 cr revenue
- Finance Secy hints at removal of tax sops to industry
- Plastics sector maybe taken off reserved list
- Indo-Malaysian Chamber of Commerce being formed
- Fieo round-table meet focuses on vast untapped W. Asian markets
- ONGC plans to invest Rs 6,000 cr. abroad
- India, US to set up high tech co-operation group
- Talk on ‘India’s economic scenario’ on Nov. 19
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| NOVEMBER 14, 2002 |
- Daily bunker market report from Praxis Energy Agents
- DOE largely confirming API stats
- No exception from slack world demand in ARA region
- IPE Brent Crude futures sets new daily record
- African market report from GAC
- Piraeus prices tumble
- Attempts underway to tow stricken oil tanker out to sea
- Last day for the bears after big dip in Singapore market?
- Crude rebounds as doubts return on Iraq
- No room for firming in soft Italian market
- Ecuador posted price update
- Rotterdam softer but weary of crude rebound
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| NOVEMBER 14, 2002 |
- Air France turnover inches forward to EUR 3.24 billion in second quarter 2002
- ABX: road haulage services from Spain to Greece
- PetroLesPort posts January-October throughput
- Evergreen to change agent in Venezuela
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| NOVEMBER 14, 2002 |
- Environmental group takes aim at Portland ship repair facility
- International Maritime Organization boosts council membership to 40
- Sea Containers sees quarterly figures skyrocket
- Turner Construction Wins Port of Portland terminal job
- Port of Vancouver, USA welcomes ship on maiden voyage
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| NOVEMBER 15, 2002 |
- Prestige slick delivers blow to tanker safety
THE stricken tanker Prestige (right) drifted to within three miles of the Spanish coastline and certain catastrophe yesterday before salvors could secure lines on board and tow it into deeper water.
- US submarine has a brush with a merchant ship
IN ANOTHER incident on Wednesday afternoon, a nuclear-powered US attack submarine damaged its periscope and sail in "brief contact" with a surface vessel, writes Nigel Lowry.
- Competition law shake-up on way as Taca wins Brussels approval
CONTAINER shipping can start preparing for a complete review of Europe’s maritime competition legislation after Brussels finally approved the Trans-Atlantic Conference Agreement yesterday.
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| NOVEMBER 14, 2002 |
- TACA wins Commission exemption
- Employers seek pay freeze from ITF
- Terror target report dismissed
- Carissa owners guilty of 'trespass'
- Road to Buenaventura now secure
- P&O Ned shows signs of hope
- Jones Act 'not up for discussion'
- Japanese coal imports remain strong
- Panama maritime judge suspended
- Smit halts Prestige drifting
- Salvors beaten back by Hanjin heat
- Dutch lifeboat builder sold
- Two die as repair crane falls
- Hyundai pumps cash into Samho
- Chinese VL charters boost market
- Virgo decision expected next month
- Lawyers call for independent AMP
- Kuwait prepares for military cargo
- Moscow to end icebreaker subsidy
- Prestige in danger of breaking up
- Japanese steel makers to merge
- Congestion fee likely at Jebel Ali
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| NOVEMBER 14, 2002 |
- Senate passes maritime security bill
The legislation would require a massive integration of federal, state, local and private law enforcement in the nation's seaports.
- P&O Nedlloyd posts $67M loss
Average revenue per TEU fell despite a double-digit jump in container volume.
- Air-cargo portal signs forwarders
Nine freight forwarders have agreed to use Cargo Portal Services, the new air cargo online booking and tracking service scheduled for public launch in January.
- Justice won't cite union for port slowdowns
- Asia lines open direct Boston service
- EC clears 'revised' TACA
- Restructuring hits NYK first-half
- Canada port exec pleads for gov't. aid
- Bankers rapped for 'easy money' for new ships
- South Korea shipbuilding results improve
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| NOVEMBER 15, 2002 |
- La mise en service de l’”Uilenspiegel” confirme la stratégie européenne de DEME
“L’”Uilenspiegel” constitue une nouvelle étape d’un programme de rénovation lancé suite à l’interdiction par le gouvernement des coques en forme de V”, a déclaré le directeur général de DEME, Marc Stordiau, à l’occasion du baptême de la nouvelle drague suceuse traînante. L’unité, dont son Altesse Royale la princesse Mathilde a accepté d’être la marraine, a été construite sur le chantier naval De Merwede du groupe IHC Caland et a représenté un investissement de 60 mio. d’EUR. La drague a été spécialement conçue pour une utilisation dans des eaux peu profondes. De ce fait, elle cadre parfaitement dans la stratégie de DEME visant à se concentrer sur l’Europe.
- Sous réserve de l’approbation par les autorités de concurrence Volan Tefu va prendre le contrôle de Hungarocamion
Le groupe hongrois de transport routier, d’expédition et de logistique Volan Tefu, a signé cette semaine un contrat prévoyant l’acquisition de la participation majoritaire que détient la société holding HC Invest Kft dans le géant du transport hongrois du transport routier international Hungarocamion (Budapest). Les autorités de concurrence doivent encore donner leur accord. Du temps du communisme, Volan Tefu et Hungarocamion étaient des entreprises d’Etat, chargées respectivement du transport routier domestique et international.
- Zeebrugge consolide sa position
Le port de Zeebrugge va clôturer l’année 2002 sur une légère croissance positive. Fin septembre, le port côtier avait traité un total de 24,522 mio. de t de marchandises, soit un demi million de t ou 2% de plus qu’il y a un an. Ces chiffres ont été présentés hier par le président du port, Joachim Coens.
- Sernam veut se forger un avenir d’entreprise “comme les autres”
A l’origine, le Sernam intervenait au sein de la SNCF comme service national de messagerie. Année après année, les déficits s’accumulaient et ils étaient régulièrement épongés par la SNCF, donc via des fonds publics. Ce qui faussait les données de la concurrence. D’où la plainte que des entreprises privées déposèrent le 3 février 1999 auprès des instances européennes. Suite à celle-ci, la Commission européenne a imposé un plan de redressement. Sernam s’est alors engagé dans une profonde mutation, visant à devenir une entreprise “comme les autres”. Cette mutation est désormais bien avancée, même si, contrairement à ce qui était prévu initiallement, le groupe Geodis n’y a pas participé. Le point de la situation chez Sernam, en commençant par la question du rôle qu’a refusé de jouer jusqu’à maintenant Geodis, mais qu’il pourrait jouer à l’avenir.
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| NOVEMBER 14, 2002 |
- Color launches $33m bid for Fjord Line
Olav Nils Sunde set to consolidate position as Norway's ferry king.
- Tanker Prestige under tow
Media rumours circulating that tanker struck log cargo or US submarine.
- Feds won't dock US unions
Prosecutors rebuff PMA on blame for work stoppages.
- Princess debut delayed
Cruise line forced to cancel maiden voyage of $360m newbuilding.
- Florida fine threat
Shipowners face $100,000 a day penalty for endangering coral reefs.
- ITF pay freeze "agreed"
Flag-of-convenience pay rise set to stall at crucial meeting in the Philippines.
- Tractebel buys LNG from Oman
Energy company says it will use Excalibur and Hoegh Galleon to lift product.
- Eletson weathers weakest quarter
Greek products power looks for rebound from record low hire.
- Prestige "in compliance" with class says ABS
Class society details stricken tanker's last surveys and drydockings.
- Taca lines get all-clear from Europe
Transatlantic container group makes concessions to escape EU competition rules.
- Tanker Prestige in trouble off Spain
Crew returning to twenty-seven year-old vessel carrying fuel oil as tugs battle to tow ship from coast.
- Hanjin Shipping profits from cost cutting
Korean line dispels box gloom by increasing net profit by 21% in first nine months.
- HMM doubles loss
Asset sale charges hit Korean owner Hyundai Merchant Marine.
- Tourist numbers improve for P&'s ferries
UK ferry group carries more private vehicles, but freight volume is lower in first three quarters.
- Royal Nedlloyd sinks into the red
But the Dutch boxship player says its share of P&O Nedlloyd losses has fallen.
- LNG ship deliveries benefit Samsung
Korean shipbuilder's nine-month profit helped by high-value vessels and lower interest costs.
- Lower interest rates help HHI
But order tally and operating profit look less healthy for world's biggest shipbuilder.
- Hanjin Heavy nets bigger profit
Lower costs and investment gains lift Korean shipbuilder in first nine months.
- P&O Nedlloyd losses mount
Boxship player says low rates continue to hit returns.
- K Line counts the cost of poor liner market
Continued weak North America container trades hit Japanese shipowners' bottom line.
- NYK sees interim profits halve
Extraordinary losses slash results, but Japan's largest owner still forecasts a full-year profit.
- HMM's Noh gets the beers in
Boss of Korean shipowner starts 'Beer Day' - a weekly bonding session for managers and staff.
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