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| APRIL 17, 2002 |
Shipping News
- Hutchison sells stakes in 4 HK, mainland terminals
HUTCHISON Whampoa has been quietly selling off stakes in four of its Hong Kong and mainland Chinese container terminals, fuelling speculation that it may have done so in order to appease Beijing's concern over its mainland port dominance.
- Sri Lanka's trade hard hit by war risk surcharges
Air and Land Transport
- Death toll rises to 119, flight captain alive
THE South Korean Cabinet has ordered thorough checks of air, land and sea transport safety as well as medical centres so the 'World Cup and other imminent international events can be carried out without a hitch'.
- US airlines fail in bid to raise leisure fares
- Emirates seeks more flights from Manila
- Port Authority of NY has recovered from Sept 11: Moody's
- Air France aims for operating profit this year
- Log Book
Features
- Planes left high and dry
AAUS Airways Boeing 737 glides across the California desert sky before making its final approach and landing at the sprawling Mojave Airport in a remote area about 160 km north of Los Angeles.
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| APRIL 17, 2002 |
- XICT boosts handling capacity
- Shanghai maiden call for Delmas
- European Shippers' Council names new Secretary General
- K Line shakedown
- IMRA urges US to promote, not restrain, Singapore trade
- Pacific Northwest megaterminal opens at Port of Seattle
- Tropical Shipping takes on Tecmarine service
- Airlines' heavy losses not just due to terrorism: IATA
- DHL Airways signs with Boeing's SBS International
- CommerceQuest solution for web trading groups
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| APRIL 16, 2002 |
- Transpacific vessel capacity resumes growth
Total vessel capacity supply by ocean carriers on the transpacific trade has started increasing again, according to a report released this week by ComPair Data, a global ocean shipping research and information technology firm.
- Airfreight rates declined in first quarter
According to investment bank Salomon Smith Barney the biggest drop was on the eastbound trans-Pacific, where rates were down 6.2 per cent, Westbound rates were off 5.3 per cent.
- Little profit Continental in March
Continental Airlines made a pre-tax profit of $25m in March, the airline's first profitable month since the September 11 terrorist attacks.
- EU may ease Russia jet ban
The European Union may soften its ban on noisy Russian jets after Moscow threatened restrictions on EU airlines.
- Elite International customer of Inttra
Inttra announced that Elite International Transportation Inc. (www.eliteint.com) has joined its global logistics network.
- Iberia up after loss reduction
Shares of Iberia rose almost 7 per cent after the Spanish carrier reported a large reduction in operating losses for the first quarter as capacity cuts coupled with rising demand lifted its occupancy rate to 69.8 per cent.
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| APRIL 17, 2002 |
- MoS move to convert TAMP into appellate tribunal faces legal hurdles
- City Transport Syndicate receives coveted ISO 9001:2000 certificate
- Maersk Logistics sets up operations in Tirupur
- Essar transfers Suezmax tanker to ETI in bid to become global
- SCI advised to defer major investment plans
- Aban Loyd, Qatar Shipping to jointly bid for SCI stake
- Role for CIWTC in Indo-Bangla pact upsets E. shippers
- India & Croatia agree to take measures to promote bilateral trade relations
- New policy may allow Mumbai, Kolkata ports to sell excess land
- Govt to build IWT cargo terminal on Ganga bank
- Hutchison Whampoa likely to acquire stake in Mumbai Port
- FDCA spells out deb. redemption reserve norms
- Airports leasing move evokes excellent response from potential bidders
- Validity of status certificates for trading houses extended
- Double tax avoidance treaty not to be changed: Mauritius Dy PM
- Industrial output up by 2.6 pc in 11 months of 2001-02
- Chinese-style hardware policy likely
- Furniture show nets Rs 50 cr. deals
- Garment exports total Rs 21,085 cr.
- Ficci finds fault with abatement rates, seeks review panel
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| APRIL 16, 2002 |
- Weekly bunker reports from Argentina
- Mixed API forecasts
- Oil stays firm on refinery trouble, no progress in Middle East peace process
- Chile market report from PMC
- Bunker prices from Russian ports this week
- Piraeus market report from Aegean
- CGES calls for more OPEC oil in Q2 to prevent prices from soaring
- Rotterdam morning market report
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| APRIL 16, 2002 |
- Arlog: streamlining forces
- Davies Turner intensifies Poland service
- DFDS Transport has big plans
- Spoornet restructures
- Higher freight tariffs on South Africa's rails
- New operator for Zambia Railroads
- Russia's reforms stopped?
- Good results for Expeditors
- Danzas for Evans & Sutherland
- Schenker joins GF-X
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| APRIL 16, 2002 |
- Torch Offshore takes delivery of Midnight Express
Torch Offshore, Inc. has completed the purchase of the Smit Express from Smit International
- Statoil takes stake in new deepwater technology
Norway's Statoil has taken a 12 per cent holding in Atlantis, a Norwegian company with a patented technology for deepwater drilling and production
- Canal Boats launches its fourth
Canal Boats. Inc., Ft Lauderdale, Fla., has launched the Michele, a hybrid-electric small ferry utilizing a steerable drive system able to run on batteries or on power from a biodiesel-fueled generato
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| APRIL 17, 2002 |
- Italian transport grinds to a halt as workers back strike
ITALY’S transport system stood still for eight hours yesterday as workers gave support in large numbers to the country’s first general strike in two decades.
- Hutchison sells stake to mystery investors
HUTCHISON Port Holdings has surprised the shipping market by selling a percentage of its stake in four mainland ports and in Hong Kong to a number of shipping lines.
- Call to name and shame shoddy ship associates
THE names of charterers and classification societies, insurers and mortgagee banks, associated with shoddy shipowners and high-risk registers should be widely publicised as part of a concerted industry effort to improve its dismal safety record.
- Industry backing for new awards scheme
The Lloyd’s List-SMM 2002 Awards scheme - launched last month to recognise innovation in shipbuilding and marine technology - has attracted immediate support from major sponsors.
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| APRIL 16, 2002 |
- US to add more in revenue net
- Oil production rises in Venezuela
- Bandar Abbas privatisation shelved
- Finance sought for mega cruise ship
- Panama to impose new security fee
- Strike paralyses Indian ports
- Indian ports paralysed
- Cabotage laws may be relaxed
- EU waste directive ‘is a headache’
- US border agreement announced
- Alaska bill faces stiff opposition
- ChemPool expansion delayed
- Gas carrier operator sells out
- Dover plans major expansion
- Toll acquires BHP stevedoring
- Ro-ro casualty under tow
- Coast guard denies cover-up
- Bulker damages Kembla terminal
- Finnish tonnage tax bill nearer
- UN highlights N Korean food crisis
- Lines impose revenue recovery hike
- Yard workers to give final warning
- Indonesian ship rescued
- HK terminals anticipate decline
- Korea unveils mega maritime plans
- Island View set for bulker charge
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| APRIL 16, 2002 |
- Get your container act together!
The president of Canadian National Railway urged the Port of Halifax to improve its handling of containers or risk losing business to competing Atlantic coast ports in the United States.
- Triestino, CMA CGM in slot deal
The carriers will share container slot space in trans-Pacific service in a deal that will not increase capacity in the trade.
- Trade groups oppose House security bill
- Alameda Corridor off to fast start
- China Southern will add cargo planes, develop hub
- Strike halts Italy transport
- Inttra signs Elite for portal, PN
- Kuehne & Nagel opening high-tech hub in Mexico
- Hong Kong airfreight operator extends direct China service
- Increase for Panama Canal box traffic
- EU may ease Russia jet ban
- Airfreight rates declined in first quarter
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| APRIL 16, 2002 |
- Hornbeck-Leevac eyes IPO
The US offshore supply vessel company has grown steadily in the past five years.
- Panama Canal Authority to levy new fee
The new fee will be used for upgrading security in the canal.
- Great Lakes operators facing slowdown
US-flagged iron ore shipments fell by 35% or about 1m tons in March.
- Torm berths at Nasdaq
US listing could help fund takeovers but newbuilding plans now uncertain.
- TEN agrees time charters
Double tanker deals give Tsakos Energy Navigation a boost.
- Tanker loading still slow in Venezuela
Normal oil exports and production may resume within a week.
- Vela fails period VLCC
Charterers wield upper hand on large tanker period business as market gloom continues.
- Wilh Wilhelmsen chief to head Statoil
Leif Terje Loddesol to switch to chairmanship of Norwegian state oil company.
- B&N ro-ro suffers fire
Vessel laden with vehicles under tow to France after engine-room blaze in English Channel.
- Grounded Great Lakes bulker freed
The accident halted vessel traffic in the St. Marys River Monday.
- Brodosplit logs loss
Croatian yard blames poor figures on hangover from earlier management.
- Fred Olsen bites Belfast bullet
Norwegian owner to make substantial write-down on Harland & Wolff asset value.
- Parliamentary punter eyes Fesco stock
Sergei Generalov circles controlling stake in Russia's Far Eastern Shipping Co.
- Andersen bullish on tanker revival
Platou’s Erik Andersen predicts second half recovery.
- CSX Lines gives up on Navieras
Sea Star Lines will complete take over of Navieras assets by end of April.
- Behn steps down from Intertanko
Erik Behn leaving tanker body's executive board, after resigning as Torm chairman.
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