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| MARCH 18, 2002 |
Shipping News
- NOL centralises product tanker operations
SINGAPORE-listed Neptune Orient Lines has centralised its product tanker operations by creating a subsidiary called Neptune Associated Shipping , in a move aimed at simplifying its regional energy sector expansion ambitions.
- Canadian ports vulnerable to terrorism
- K Line to launch joint South Africa service
- US, Canadian customs agents stationed in ports
- Body of sailor missing after ship collision in HK found
Air and Land Transport
- US orders tail checks for buffeted Airbus planes
AIRLINES will have to check the tails of certain Airbus planes that have made violent manoeuvres after an American Airlines crash in New York last year when the vertical tail section broke away, the Federal Aviation Administration said on Friday.
- Global tourism expected to grow by 6% next year
- Virgin Blue eyeing Aussie regional airlines: Patrick
- Xiamen Airlines to start KL flights next month
- France to loan Airbus 1.2b euros
- EgyptAir co-pilot out for revenge: colleague
- Log Book
Features
- Freight rates may be levelling out for some time
THE quarterly and annual reports of major carrier P&O Nedlloyd provide a good indicator of the state of the container shipping.
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| MARCH 18, 2002 |
- Safmarine to start direct Shanghai-Africa service
- Qingdao tries out paperless customs procedure
- Norwegian Shipowners' Association elects Andersen
- BKP to boost rail freight traffic
- PSA touted best terminal operator
- Cosco opens Ningbo office
- Delta Air Lines and Korean Air file for antitrust immunity
- Faster delivery from Tianjin
- DHL carries shipments on up the Khyber
- Shandong chartered
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| MARCH 15, 2002 |
- JAL-JAS merger disapproved
- Results revision Mitsui O.S.K
- Moody's downgrades BA
- Sea-Land violated posted tariff
- Postal services liberalization welcomed
- Staff return at Airbus UK plant
- SAA scraps Nigerian joint venture
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| MARCH 18, 2002 |
- Ericson & Richards (Madras) awarded ISO 9001:2000 certificate
- SCI will have to compete for coastal crude cargo
- ...comes out with second VRS
- Seminar on ITIC clarifies issues on shipping cargo claims & liabilities
- Indian rice too cheap for Vietnam, Thais to vie with
- VPT to develop 4 berths on BOT basis
- Paradip Port throughput may be higher by 5 pc in 2001-02
- Lamprecht’s alliance with Flyjac Forwarders provides complete logistics solutions
- Flyjac Forwarders-DFDS association proves beneficial to logistics trade
- For Flyjac, cargo forwarding is an opportunity to serve
- More cold storages planned
- Panel moots duty-free import of rough diamonds
- Credit policy on April 29
- Software exports may rise by 30 pc
- Apeda panel clears 20 AEZ proposals in 2001-02
- Budget proposals arm CBEC with more powers
- Delay in EDI facility for trade upsets Exim Policy panel
- What the Economic Survey reveals about India’s foreign trade? - FOREIGN TRADE ANALYSIS: CURRENT POLICY & PROCEDURES
- Population watch in India ticks faster than in China - Foreign Trade Analysis: Current Policy & Procedures
- Letter To The Editor - Happy news continue to pour in and cheer exporters
- Seminar on "Experiences of Disinvestment in Italy, Asia & Africa" tomorrow
- IMC organises meet with Japanese envoy
- Traders to intensify stir
- Engg exports to figure in Indo-Israel JEC meet
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| MARCH 15, 2002 |
- Mixed OPEC signals about post-June production levels, sets $28 price target to justify increase
- African East Coast market scan
- Barge problems and some tight avails on the African West Coast
- IFO avails exhausted in Buenos Aires till late March
- Tight South African avails on route to improvement
- Brazil bunker market has been steady all week
- Norway prepares for bigger March cuts after poor cut compliance
- OPEC may increase oil output in Q3
- Growing confidence in Russian extension of cuts
- OPEC agrees on no change in output
- Rotterdam opens steady again
- Tight avails in Montreal will only improve after the opening of the seaway
- Fair avails on the US East Coast
- Buyers on the Canadian West Coast put off by high bunker values
- Tight avails on the US West Coast
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| MARCH 15, 2002 |
- Department of Transportation sets new rules for Mexican carriers
- U.S. rail freight traffic edges down during week
- Evergreen line plans to add West Coast of South America service
- MOL buying new reefer containers for use in Transpacific service
- Ports indicate they will ask for over twice the available security grant money
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| MARCH 18, 2002 |
- Shipowners demand end to security rivalry
A TURF battle between US government agencies over responsibility for maritime security is alarming the liner shipping industry, which wants some clear answers about who is in charge.
- IACS announces new dry bulker safety rules
THE International Association of Classification Societies has surprised shipowners by announcing a new and detailed set of requirements for dry bulkers that IACS chairman Igor Ponomarev claimed had been formulated to "address continued public and industry concerns over bulk carrier safety following recent losses".
- Industry backlash over snub by class
SHIPPING interests expressed astonishment at the decision by the International Association of Classification Industries to go public on new bulker regulations on Friday, writes Hugh O’Mahony.
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| MARCH 15, 2002 |
- Gib fury over hub port 'bribe'
- Babcock shares dive on HDW news
- Russian ports show rapid growth
- Vessels restricted at gas project
- Dutch to study boxship stability
- IACS moves on bulker safety
- NOL sets up tanker subsidiary
- Boxship collision leaves four dead
- Korean yards face steel price rise
- Skardon wins official port status
- Wyser-Pratte fights HDW sale
- Crazy limitations hinder port state
- Clifford quashes closure rumours
- MOL slashes profit forecast
- A'Rosa to receive second cruiser
- Maersk grounding sparks controversy
- Box terminal on the Caspian Sea
- Cruise lines demand more from ports
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| MARCH 15, 2002 |
- Schubert wants $211.5M for Marad
The Maritime Administration is also exploring options to renew the Maritime Security Program.
- Boost for UPS; FedEx dissed
A leading analyst downgraded FedEx shares while upgrading United Parcel Service ahead of expectations that the latter will avoid a strike by Teamsters this summer.
- Cosco eyeing PSA-Evergreen talks
Singapore's leading terminal operator is under mounting pressure to cut its rates to compete with cheaper competing ports.
- Aer Lingus Cargo Chief Doyle retires
- Yellow board OKs SCS spin-off plan
- 3PL Tibbett & Britten reports loss
- Lufthansa restarts SAS Cargo talks
- FedEx in parts contract with BMW
- TSA names Bennis maritime security chief
- Modest containership rate recovery
- Friede Goldman Halter to reorganize
- Höegh, Saga in forest products consolidation
- Evergreen launches service to West Coast of South America
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| MARCH 16, 2002 |
- Rouen: Cobelfret lance un second service C2C sur l’Irlande
L’armement Cobelfret Ferries et son partenaire à 50% dans C2C Shipping Lines, la compagnie ECS (European Container Service) lance le 4 avril prochain un deuxième service entre Rouen et l’Irlande, cette fois à destination de Warrenpoint dans le nord du pays, près de la frontière de l’Irlande du Nord. Pour ce faire, un petit PC d’une capacité de 85 containers de 45 pieds, le m/v “Induna” a été affrété pour une première période de 6 mois, avec option pour des prolongations.
- Forte hausse des résultats financiers de Joyau en 2001
La société française de messagerie rapide et d’express Joyau a réalisé un CA de près de 200 mio. d’EUR en 2001, contre 160 mio. d’EUR en 2000. Cette forte hausse s’est produite dans le contexte du programme de forte expansion lancé au début de 2000, qui prévoit un doublement de la taille de la société en France. Pour cette année, un CA de 245 mio. d’EUR est prévu. A la fin de cette année, le réseau devrait compter 50 à 55 agences, contre une trentaine au début de 2000. Cette croissance ambitieuse, néanmoins, se fait sans pénaliser la rentabilité. En effet, un bénéfice d’exploitation de 5,2 mio. d’EUR a été dégagé en 2000 (et un bénéfice net de 2,7 mio. d’EUR). “Les chiffres
pour 2001 n’ont pas encore été arrêtés, mais ils sont sensiblement meilleurs encore”, nous a déclaré Jacques Godet, le PDG de l’entreprise, en marge de la SITL.
- Les obstacles à une croissance de la navigation intérieure se situent souvent côté terrestre
La navigation intérieure connaît un succès grandissant ces dernières années. Le trafic sur les voies d’eau a à nouveau progressé de quelques pourcents (en t/km, car les volumes ont légèrement baissé) en 2001, une année pourtant difficile d’un point de vue économique. La congestion croissante qui touche le transport routier, la libéralisation du transport par la voie d’eau et des mesures comme la diminution sensible des droits de navigation et le co-financement des murs de quai par les autorités ne sont pas étrangers à cette évolution. Il n’en reste pas moins vrai que l’unité fluviale ne pourra véritablement jouer son rôle “de mode de transport de l’avenir” que lorsqu’un
certain nombre d’obstacles auront été éliminés et ce, tant côté eau que terrestre. C’est ce qui s’est avéré lors de l’étape gantoise du “Tour de Flandre” organisé par Promotie Binnenvaart Vlaanderen (PBV) à l’occasion de son dixième anniversaire.
- “Le service de pilotage doit être considéré comme un monopole de nature publique”
Les pilotes sont en fait des forces administratives et le fait que l’utilisateur final paie directement les coûts du service de pilotage n’enlève en rien au caractère publique de la prestation de service. C’est l’avis exprimé par l’European Maritime Pilots’ Association (EMPA). L’association avec siège à Anvers se dit déçue du manque d’adaptations au projet de texte de la directive portuaire et plus particulièrement de l’ouverture des services de pilotage à la concurrence. Elle estime qu’une libéralisation inspirée par une réduction des coûts portuaires témoigne d’un manque de vision à long terme qui risque de menacer la sécurité. Commission, armements, chargeurs, prestataires de services
maritimes (agents, expéditeurs, etc.) et ports restent favorables à une libéralisation.
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| MARCH 15, 2002 |
- Tanker stock unaffected by OPEC decision
OPEC decided to keep oil production steady until the end of June.
- RCCL stock continues to rise
RCCL's first quarter earnings are expected to beat analysts' estimates.
- Korea aims to cut ship detention rate
The registry hopes to keep its vessel detention ratio below the regional average in 2002.
- Navigators Group posts lower profits
The US maritime insurance company's net income fell by almost half in 2001.
- CP Ships secures $100m credit facility
The latest transaction completes a five-year $350m revolving credit facility.
- Daewoo reaffirms ACLN's deal
The South Korean car company will honour its contract to sell pre-owned cars to the troubled ACLN.
- Wilhelm Wilhelmsen steps down
Ingar Skaug has been appointed to head Norwegian owner.
- HKF doubles its money
The Hong Kong ferry and shipyard group has posted a massive increase in profits for 2001.
- IACS tightens rules on bulker safety
After a series of losses at sea, the international class body will introduce new survey regime from next January.
- NOL sets up clean tanker subsidiary
Neptune Orient Lines is bullish on its clean carrier trades, and is mulling expansion.
- MOL slashes full year profit forecasts
Stock market decline and depressed shipping market force revision of fiscal performance.
- Lys-Line completes DFDS deal
Morten Simonsen is weighing up options to develop his shipping business.
- Analysts forecast NOL losses of $48m-$90m
Straw poll of regional market watchers paints it black for the container, logistics and tanker company.
- Profits collapse at OOIL
Depressed rates and overcapacity take their toll on Hong Kong containership and port operator.
- Four die in Wan Hai boxship collision
Hong Kong marine rescue teams attend second Singapore-flag containership collision in a week.
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