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| MAY 17, 2002 |
Shipping News
- Protesting Aussie crew win deal to protect jobs
AUSTRALIAN seamen who took control of a cargo ship 15 days ago to stop it being reflagged in the Bahamas with a Ukranian crew ended their protest yesterday after striking an agreement with the vessel's owner.
- Heads roll at Philippine Coast Guard
- QE2 to end trans-Atlantic crossings
- P&O ponders part sale of logistics unit
Air and Land Transport
- European airlines recovering
RECENT European airline results confirm a general picture of an industry hauling itself out of a severe slump, not racing into heady profits but at least recovering steadily, analysts said.
- Thai Airways H1 profit soars to 5.7b baht
- US plane sparks Sept 11 scare in Sydney
- Emirates, Sri Lanka to hold more talks
- Russia firms team up with Boeing to make small airliner
- US Airways revamp plan fails to excite shareholders
- LOG Book
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| MAY 17, 2002 |
- Tianjin to get bigger and better
- Cosco changes HK-Israel BAF
- P&ON, MOL add Port Louis to Asia/Africa service
- MOL makes continental shift
- K Line issues shares to staff
- Long Beach sees more container traffic in April
- HK says air cargo diversion to Pearl Delta `insignificant'
- LanChile gets into codesharing spirit with oneworld members
- Eva Air brings in flight simulator
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| MAY 16, 2002 |
- Maersk and Evergreen in slot agreement
Executives from Maersk Sealand and Evergreen Marine Corporation (Taiwan) have announced the filing of a slot exchange agreement with the Federal Maritime Commission.
- FAA rejects pilots' demand to ground jets
Responding to a small group of American Airlines pilots who say the Airbus A300 might need to be grounded, the Federal Aviation Administration says that the plane is safe.
- Sea Containers first-quarter loss
Sea Containers, the Bermuda-registered transport, container and leisure company, made a net loss of $6 million in the three months to March 31.
- Teamsters vote on UPS strike on May 19
All local unions representing Teamsters at UPS will hold strike authorization votes through May 19.
- Amsterdam remains fast growing port
In the first quarter of 2002 transshipments in Amsterdam ports increased by 9 per cent against the same period last year to reach 17.9 million tons, but container traffic plummeted by 30 per cent.
- European Parliament: longer sleep-periods drivers
The European Parliament will soon approve a mandatory extension to night-time rest periods for road haulage drivers.
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| MAY 17, 2002 |
- Evergreen & Maersk Sealand enter slot charter agreement to target North Asia/Canada; US East Coast/Colombo/ India markets
- 4 bidders complete due diligence process for acquiring SCI
- Chowgule Steamships to invest $ 3 million
- IOC sounds HPCL on JV for crude transport along E. coast
- Saiprabha Marine Services wins ISO 9001: 2000 Certificate
- Varun Shipping nets Rs 13.84 cr. profit
- Oman, Abu Dhabi to buy 40,000 tonnes wheat at lowest price
- India to allow Bangladesh goods duty-free entry
- Graphite electrodes from Poland, Brazil liable for dumping duty
- Spices exports pick up
- NEERI to prepare report on ship canal project
- AP to be flexible on loan recovery: Kakinada port
- Australia offers expertise in transport sector
- Apeda, AIREA to launch campaign to expand, promote basmati market in Western countries
- Bengal plan for apparel parks
- Fieo urges Bengal govt to dispense with all taxes on export inputs
- Tirupur unit bucks slowdown to register handsome 70 pc increase in garment exports
- CII favours foreign role in civil aviation
- Ficci eyeing Cannes festival, team to look for business options
- RBI revises Re value in special currency basket
- Foreign Trade Analysis: Current Policy & Procedures - DGFT should revise the rates for
- survival of DEPB scheme
- Apparel summit today
- German experts to train Rajasthan artisans
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| MAY 16, 2002 |
- Canada East Coast market update
- Rotterdam firmer in the afternoon, tight prompt avails
- Tight prompt avails in Gibraltar
- Singapore largely steady this week
- Extension of UN oil-for-food deal with Iraq goes through
- Chile market report from PMC
- Korea avails good, market slightly softer
- Taiwan fuel oil softer today
- Hong Kong market steady to mixed
- Rotterdam market report from Marine Bunkering
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| MAY 16, 2002 |
- Heidenreich enters lightering market
Heidenreich Marine Inc., Darien, Connecticut, announced yesterday that, it has formed Heidenreich Lightering Services Inc.
- ATB christening at Halter
Friede Goldman Halter, Inc.'s Halter Marine, Inc., has reported the christening of the first of two articulated tug-barges
- Conoco cuts steel on new towboats
Conoco is building four new towboats with innovative safety, environmental and design features
- Kvaerner Masa-Yards reports first quarter profit
Kvaerner Masa-Yards' contributed an operating profit of EUR 17.6 million (138 million NOK) to Kvaerner Group's first quarter results.
- Bridging the gap between design and operations
Houston based Proceanic, Inc. has been launched by Mark Waller and Eric Powell to "bridge that gap that so often appears between Front End Design and Operations."
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| MAY 16, 2002 |
- Maersk inks slot exchange deal with Evergreen Marine Corp.
- Customs shows off gamma ray device at Port of Seattle's Terminal 5
- Mitsui moving European headquarters from London to Rotterdam
- Port of Walla Walla developing facility for juice company
- Portland Airport noise committee will meet Tuesday, May 21st
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| MAY 17, 2002 |
- Kien Hung mulls policy change on India coverage
Kien Hung is mulling upgrading its Indian sub-continent coverage with its own vessels.
- Asbestos ruling could cost insurers billions
INSURERS face massive claims pressure from maritime and other industrial workers following a House of Lords ruling giving compensation to victims exposed to asbestos by more than one employer.
- Troubled start for boxship lay-up pool
PLANS by German containership owners to form a lay-up pool have run into immediate controversy as critics labelled the initiative a "marketing stunt" to pacify investors and their bankers.
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| MAY 16, 2002 |
- Thailand plans maritime law changes
- Have your say!
- UAE recruiter claims it is victim
- Najat scheme 'confirmed' as fraud
- More bad news for ECT
- Argentina supports its growers
- Indian Oil to charter VLs
- Owners sign up to new mutual fund
- Philippine Coast Guard on the rack
- Japanese box handling falls
- Nenaco back in the black
- ISM deadline 'already passed'
- DFDS seeks ro-pax
- Equipment dispute goes to court
- Stowaways in transhipment box
- Restructured PNSC posts profit
- Vlissingen box facility 'by 2003'
- Slow customs limits St Petersburg
- More strikes threatened for Brazil
- CSL Yarra dispute resolved
- Ottawa backs Rupert terminal
- Brazilian to lift cruise curbs
- Greenfield split averted
- Gulf consumers boycott US goods
- Panama awards Canal study contract
- Controversial port project revived
- USCG pushes for ballast regulations
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| MAY 16, 2002 |
- Long Beach box traffic up
Both import and export traffic gained as container volume jumped 11.9% in April. Weblog: Rail line could open new Australia port
- Lufthansa Cargo profit in first quarter
The carrier credits lower costs, capacity, sees autumn rate hike. Weblog: Ryanair founder plans new cargo airport
- Cosco: Controlled carrier law unfair
The U.S. law hampers trade between the U.S. and China, a Cosco executive said.
- No settlement yet in China postal dispute
- Narrow profit for "K" Line
- TACA extends bunker charge
- No sign of stolen cyanide truck
- Maersk Sealand latest to link India, Africa
- "Mini-tender" offer for CP Ships
- NTSB faults Emery testimony at crash hearing
- China completes interior rail link
- Sea Containers sees $6M loss in 1Q
- Iraq crude exports restart
- HK air cargo tonnage up for HACTL
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| MAY 17, 2002 |
- P&O confirme une “vente possible” de la logistique contractuelle
P&O envisage bel et bien de céder ses activités relatives à la logistique contractuelle, qui constituent la majeure partie de l’activité de la division P&O Trans European. Le groupe portuaire, maritime et logistique britannique a confirmé cette information dans un communiqué officiel, alors qu’il l’avait encore démentie en début de semaine suite à ce qu’avait publié le “Financial Times” (voir LL du 14/5). La véritable information est toutefois que la seconde branche de P&O Trans European, active dans le transport de cargaisons unitaires et exploitée sous le nom de P&O Ferrymasters, resterait dans le groupe. La raison invoquée est le lien étroit avec la division ferry P&O Ferries.
- Le retour au pavillon belge pourrait se manifester dès cet été
“Des navires marchands referont leur apparition sous pavillon belge cet été. Il est évidentque la réouverture du registre n’ira pas sans peine, mais je suis pleinement confiant en l’avenir.” C’est ce que déclare Nicolas Saverys, le président de l’Union des Armateurs belges, dans l’avant-propos du rapport annuel de l’association.
- Lufthansa Cargo a bien résisté à la tourmente de 2001
Lufthansa Cargo AG a de justesse clôturé l’année 2001 dans les chiffres noirs. Le résultat de 132.000 EUR généré par les activités régulières est toutefois perçu comme un “zéro noir”. Le premier trimestre de 2002 s’avère toutefois déjà meilleur que prévu. Pour l’avenir proche, l’adhésion de nouveaux partenaires à l’alliance fret WOW est mise en perspective.
- Antwerp Rapid Transit Team traitera cette année un trafic de 12.000 containers
“Cette profession devient chaque jour plus difficile, d’autant plus que nous travaillons avec notre propre capital, sans aucun soutien des banques. Notre engagement actuel est de l’ordre d’un peu plus d’un million d’euros par mois, chiffre qui a considérablement augmenté ces derniers temps. Mais nous restons totalement indépendants. Chaque jour apporte un nouveau lot de défis.” Marc Huybrechts, président de la firme d’expédition et d’agence en douane The Antwerp Rapid Transit Team (ART), qui vient de fêter son dixième anniversaire, fait preuve d’un dynamisme à toute épreuve, malgré un environnement professionnel de plus en plus complexe.
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| MAY 16, 2002 |
- CP Ships rejects low-ball stock bid
TRC Capital Corp offers to buy CP Ships shares at below market price.
- Bear Stearns covering Grupo TMM
The seven-month stock price target is set at $13 to $14 per share, above the current price of about $9.74.
- CSL Yarra dispute ends
Canadian Steamship Lines and disgruntled Yarra crew came to an agreement Thursday.
- USMR delays IPO
Additional paperwork needs to be filed to the SEC before the IPO.
- Lawsuit news depresses Trinity stock price
The NYSE-listed stock fell by as much as $4 in early Thursday trade.
- ABC starts to shed capesize stakes
Sammy Ofer may have to wait another year before he collects on P&O's remaining bulkers.
- Heidmar enters US Gulf lightering market
Heidenreich Lightering Services Inc is competing with AET-MTLP and Skaugen.
- All eyes on Frontline
It has gone horribly quiet in the John Fredriksen camp. What will next Tuesday's results show?
- Earnings growing at Thoresen Thai
Thai bulker owner gains from exchange rates and reduced interest in first half of financial year.
- Property tycoon sells out of Bergesen
Norway's Christian Ringnes has other ideas about where his money should be.
- Evergeen and Maersk swap space
Taiwanese and Danish box giants sign one-year slot charter agreement.
- K Line rides out box slump
Japanese giant posts slim full-year profit in the wake of 11 September.
- Pacific lines hike fruit prices
Shippers could have to swallow extra charges of up to $1,300 per 40-foot box this summer.
- Precious logs loss
Thai owner says quarter better than expected with results dragged down by one-off items.
- Jutha moving in right direction
Loss-making Thai cargoship owner getting closer to profit.
- Tanker orders keep rolling in at Samsung
South Korean yard has inked more crude carrying tonnage, this time from Knutsen and Minerva Marine.
- CSDC sets share issue price
China Shipping Development fixes 350m A-shares at CNY 2.36 each.
- Japanese charter ferry to handle hooligans
Fans misbehaving at the World Cup games in Sapporo face being locked up on a ro-pax ferry.
- Mitsubishi sees first profit in three years
Improved performance, weaker yen and cost cutting help Japan's largest shipbuilder go from red to black.
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