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| APRIL 18, 2002 |
Shipping News
- Strong penalties urged for substandard ship operators
STRONG disincentives and penalties for 'unscrupulous' operators and charterers who use substandard ships is being advocated by the Organisation for Economic Cooperation and Development in a hard-hitting report.
- Noble founder gives up chairmanship
- Panama Canal steps up security
- Japan's March ship export orders down 34%
Air and Land Transport
- Airbus seeks to sell China up to 50 jets this year
AIRBUS Industrie said it hopes to sell China another 30 to 50 aircraft this year, after signing a deal on Tuesday to sell China Eastern Airlines 20 A320 jets.
- Narita airport opens second runway
- Virgin Blue plans A$3.6b fleet upgrade
- SATS handles more cargo, passengers
- UPS' Philippine intra-Asia hub completes regional jigsaw
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 18, 2002 |
- Lloyd Triestino, CMA CGM to join forces
- MLOs team up with Americana/Grand Alliance
- Empros launches Asia, Greece, Turkey service
- Hactl reports strong growth in Q1
- KN opens new Mexico facility
- BAX Global offers MyRMA online
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| APRIL 17, 2002 |
- US Customs inspections in Rotterdam
Rotterdam will be the first of the 10 ports selected by U. S. Customs for stricter control of sea containers bound for US ports.
- MOL sets environmental goals
Mitsui O.S.K. Lines, Ltd (MOL, President Kunio Suzuki) announced its goals for 2002 MOL Environment Management System.
- Canadian Railways critical about Halifax
Paul Tellier, the president of Canadian National Railway urged the Port of Halifax to improve its handling of containers or risk losing business to competing U.S. ports.
- Lloyd Triestino and CMA CGM join with capacity
Triestino di Navigazione SpA (LT) and the leading French line CMA CGM have announced that they are to cooperate in the transpacific trade.
- Losses Delta tripled almost
Delta Air Lines saw its losses almost triple in the first quarter of 2002 as it warned that the weak corporate travel market was continuing to hamper the recovery from the post-September 11 crisis.
- Truck services Eurotunnel up
Eurotunnel's truck shuttle service carried 305,143 trucks in the first quarter of 2002, a 3 per cent increase on the corresponding period in 2001.
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| APRIL 18, 2002 |
- SCI sell-off may take place in 3 months
- Edible oil imports on the rise
- Anti-dumping duties slapped on 3 more Chinese items
- CoPT setting up bunkering system at Puthuvypu island
- Accounting norms for Major Ports: MoS to consult CAG
- Concor hikes rates on ICD Amingaon, Haldia, Cossipore route
- Kapil Rawat takes over as Concor RGM, Central Region
- Customs chief promises exporters a hassle-free environment soon
- Use of 5 antibiotics in shrimp culture to be stopped
- Maran seeks Lombardy’s expertise for upgradation of industrial clusters
- Forex reserves swell to $ 54.6 bn
- Car exports zoom by 118 pc
- AP plans to form 2 more AEZs
- Exim Bank holding 2 programmes next week
- Ficci chief R. S. Lodha elected to China’s BFA Board
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| APRIL 17, 2002 |
- No sign of extra OPEC oil exports to compensate for Iraqi stoppage
- Canada East Coast: Halifax soft, Montreal avails OK
- African market report from GAC
- Some tight avails on the US East Coast
- Fairly steady Market in Panama, St. Eustatius still s/e
- No IFO in Nigeria and bunkers subject to enquiry in Dar es Salaam
- Congestion and some tight avails in Italy
- New posted prices in Ecuador
- Small fire at Mina Al Ahmadi refinery
- Steady bunker prices in Brazil today
- Chile market report from PMC
- Tight IFO avails in Las Palmas, resupply expected next week
- Gibraltar market firmer today
- Arab Gulf fuel oil cargos up less than expected today
- Istanbul: Bosphorus closed due to fog
- Cambridge Energy Research Associates: Current high oil price is pure politics
- No Iraq/US conflict likely for a while
- Smooth market reported in Piraeus
- Crude firm on massive draw in US crude stocks
- Improved product avails in Egypt
- Market report from Marine Bunkering
- Big drop on MGO in Jeddah, Dammam posted prices down too
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| APRIL 17, 2002 |
- DHL resumes hub project
- Cargolux: second flight to Calgary
- Eva: Taipei-Milan
- Martinair stops at Bahrain
- Qantas: New York, Toledo, Los Angeles, Honolulu, Pago Pago, Sydney
- Flight-specific products
- Fuel surcharges
- China Southern Airlines expands freight business
- Dragonair buys Boeing aircraft
- LOT to join the Star Alliance
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| APRIL 17, 2002 |
- Shipbuilding pays off for Northrop Grumman
First quarter 2002 results announced by Northrop Grumman indicate that its decision to acquire a substantial chunk of the U.S. shipbuilding industry is paying off.
- FGH logs massive non-cash writedowns for 2001
Friede Goldman Halter's 2001 Form 10-K records a $401.6million loss
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| APRIL 17, 2002 |
- Schnitzer Steel earnings come in ahead of expectations
- Panama Canal Authority assessing fee to pay for upgrades
- Marine Terminals Corporation continues string of safety award victories
- New Customs anti-terrorism program lets businesses vouch for cargo security
- Port of Portland hosting six open house meetings
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| APRIL 18, 2002 |
- Brown tax shadow falls on the London Greeks
UK Chancellor Gordon Brown announced that the government is reviewing the tax status of non-domiciled residents in the UK, in a move that is likely to raise fears of a tax clampdown on overseas shipowners such as the London Greeks.
- Liberia has failed to mend maritime abuses says UN
A UNITED Nations panel of experts says Liberia has failed to correct the abuses in its maritime programme that saw funds from the shipping register used to buy arms in violation of UN sanctions, according to wire reports.
- Panama to charge ships $400 for canal security
THE Panama Canal Authority will introduce a new security fee of up to $400 per voyage for all vessels transiting the waterway from June 1, writes John McLaughlin in New York.
- MISC lands LNG first with Gaz de France deal
Malaysian International Shipping Corp has clinched its first ever third party LNG transportation contract with Gaz de France.
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| APRIL 17, 2002 |
- Korean seafarers scale down demands
- Thailand suspends harbour officials
- Korean newbuilding orders plunge
- Shipping 'not trusted' on quality
- Box terminal for Caspian port
- Dutch minister retains her post
- Friede Goldman posts $400M loss
- Argentina helps Plate cabotage
- Freedom Ship seeks funding
- Russians buy out West’s Fesco stake
- Bulker closes Lakes channel
- New course for Silja
- LauritzenCool merger 'a success'
- Stena Line to boost N Sea capacity
- NYK denies Red Ensign switch
- Rotterdam ready for US Customs
- Kembla terminal remains operational
- Alliance to cut Atlantic service
- MISC makes LNG breakthrough
- Qasim starts night operations today
- Ningbo box volumes surge
- 10,000 Kenyans heading for Europe
- China Shipping sees box growth
- India to boost waterways investment
- Leif Hoegh sees new LNG potential
- Colombo Dockyard doubles profit
- HMM plans to take ships to Cheju
- US to drop passenger fee exemption
- Oil production rises in Venezuela
- Bandar Abbas privatisation shelved
- Panama to impose new security fee
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| APRIL 17, 2002 |
- CP Ships loss on lower rates, volume
The carrier posted a net loss of $11 million in the first quarter of 2002 compared to net income of $25 million in 2001.
- Cargolux profits plunge
Despite a narrow decrease in volume, the airfreight carrier said earnings dropped to $15.4 million in 2001, down 53% from $33 million in 2000.
- FedEx Express forms new Brazil network
- FedEx to sell $1B in securities
- Hutchison cuts HK, China port stakes
- Panama Canal adds security charge
- Interpool offers convertible debentures
- Werner sees net improvement
- EU OKs Maersk/P&O Nedlloyd rail venture
- Rail freight down, trucks up for Channel tunnel
- i2 profit long way off: Report
- Write-downs for Friede Goldman Halter
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| APRIL 17, 2002 |
- La sécurité des flux containérisés dans les ports européens passée au crible
L’objectif de la Container Security Initiative (CSI) est de sécuriser davantage les flux de containers en direction des Etats-Unis. Aux yeux de l’administration américaine, cela implique également des contrôles plus sévères dans les pays d’où proviennent les flux de cargaisons. Selon nos collègues de la presse spécialisée néerlandaise, une équipe de la douane américaine va coopérer avec la douane néerlandaise dans le cadre d’un projet pilote à Rotterdam. Anvers, qui est un important port de chargement vers les Etats-Unis avec un trafic de 8,6 mio. de tonnes en 2001 (dont 2,8 mio. de tonnes containérisées), est également disposé à coopérer aux initiatives américaines.
Le Customs Attaché de l’ambassade américaine à Paris est attendu dans le port anversois en mai prochain, tandis que la douane belge sera représentée à la réunion de l’OMI organisée autour de ce thème à Londres.
- Deutsche Post va soumettre toutes ses filiales en Europe à un audit
Deutsche Post est en train de préparer très activement son plan de restructuration et d’intégration STAR, qui devra mener à des synergies entre les différentes filiales du groupe, ainsi qu’à une réduction des coûts. Le programme d’uniformisation définitif ne sera révélé que cette été. Entre-temps, la nervosité augmente parmi les salariés des différentes filiales, car ils craignent que le plan mènera à des suppressions d’emploi.
- CSAV poursuit son expansion dans les trafics Est-Ouest et Nord-Sud
L’industrie du liner a beaucoup évolué ces vingt dernières années sous la pression de la containérisation et de ses implications dans le domaine des prestations intermodales intégrées. Nombreux sont les armements traditionnels qui ont disparu, tandis que d’autres sont parvenus à s’adapter, à évoluer vers ces nouvelles dimensions indispensables aujourd’hui pour rester dans les grands trafics internationaux. Dans ce contexte, le groupe maritime chilien Compañia Sudamericana de Vapores (CSAV), fondé en 1872, est le seul opérateur d’Amérique latine qui soit parvenu à s’inscrire dans le club des méga-carriers Est-Ouest et Nord Sud. Il a obtenu ce statut grâce à une politique judicieuse de diversification de ses activités, qui lui a assuré
une assise financière solide et les moyens de poursuivre les expansions assez spectaculaires auxquelles il a procédé ces dernières année sous la direction de son président Ricardo Claro Valdés.
- L’Oréal crée une nouvelle plate-forme logistique à Nivelles
L’Oréal, qui dit être le leader mondial sur le marcé du cosmétique, a décidé de réorganiser ses activités en Belgique. Dans ce contexte, une nouvelle plate-forme logistique représentant un investissement total de 12 mio. d’EUR va être construite à Nivelles. Dans une première phase, les activités de distibution pour la Belgique et le Luxembourg y seront transférées. Dans une deuxième phase, le centre deviendra responsable pour la distribution dans l’ensemble du Benelux.
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| APRIL 17, 2002 |
- Marad ends SeaRex hull auction
The Hull number one built by Ingalls shipyard is in need of certain repairs.
- DVB Group posts weak net income
The German transport finance bank will continue to reduce non-transportation business.
- Ship segment lifts Northrop's earnings
The ship division contributes $1.1bn in sales to the company's first quarter financial results.
- MISC linked to VLCC order
Malaysian owner rumoured to be closing in on newbuilding in Japan amid dearth of large tanker orders.
- Bulker sales hype materialises in deals
Two modern panamax bulkers have attracted strong prices generating fresh interest in the sector.
- Stelmar set for secondary offering
Gross proceeds of about $60m will be used to part fund purchase of four tankers.
- CP Ships bleeds red ink
Owner says start of the year "difficult" but renewals and cost savings will allow profitability in 2002.
- General Dynamics stock price weakens
This is despite the company's robust first quarter net earnings.
- FGH downplays net loss
The poor 2001 financial results are blamed on mostly non-cash write-downs.
- J Lauritzen result "unsatisfactory"
Danish shipowner improves on 2000 but expects this year's profit to slide.
- MISC charters out LNG carrier
Malaysian giant fulfils long-held dream of entering trading market for gas carriers.
- Sea Containers extends Silja stake
Ferry operators poised to scoop additional 25% of stock in Finnish player.
- Knightsbridge dividend pales
First quarter payout softens as 2002 tanker market starts on uncertain note.
- USCG fights terror at sea
Safety chief Paul Pluta risks calls of overkill with 11 September security plan.
- Hornbeck-Leevac eyes IPO
The US offshore supply vessel company has grown steadily in the past five years.
- Class dream on tanker newbuildings
BV and ABS talk redundancy and risk management to tanker owners in Rotterdam.
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