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| OCTOBER 18, 2002 |
Shipping News
- Underwriters declare Indonesia war-risk zone
THE entire Indonesia archipelago has been declared a war risk zone by the influential Lloyd's joint war committee representing London underwriters, following the terrorist attacks in Bali which left up to 200 tourists presumed dead.
- Philippine owners want more liberal shipping laws
- Yemen admits terrorists caused supertanker blast
- Lines want dockers to pick up pace
- RCL extends Ho Chi Minh service
Air and Land Transport
- Qantas optimistic for this yr but unsure of Bali impact
QANTAS Airways Ltd warned yesterday that it was too early to assess the impact of the Bali bombing on its business but said it expected positive trends to continue for the rest of the financial year.
- UK raises price cap on Nats air traffic charges
- Int'l passenger traffic down 4.6% in Aug
- Seven US airlines seek longer review of rivals' alliance
- SilkAir to launch flights to Hyderabad
- Incheon airport seeks higher passenger fees
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| OCTOBER 18, 2002 |
- Shanghai needs time to clear US bound backlog
- Uruguayan President meets Cosco head in Beijing
- Intermarine services unveil raft of new surcharges
- CP Ships takes delivery of third ship this year
- CSA aquires CNA, Xinjiang in consolidation deal
- Cathay hauls 13pc more freight in September versus 2001
- KLM makes groundcrew changes in Europe
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| OCTOBER 17, 2002 |
- MOL to strengthen corporate governance
Mitsui OSK today announced the establishment of an Internal Audit Office - effective October 1 - to create a more efficient and practical auditing structure. The move is aimed at enhancing MOL's efforts to strengthen its corporate governance.
- Hong Kong and US in ir talks
Hong Kong and US negotiators started three days of talks in Hong Kong yesterday to draw up a new agreement on commercial air services across the Pacific, it was reported by the government-run radio in Hong Kong
- Northwest to close Atlanta and Long Beach
Northwest Airlines will close its Atlanta aircraft maintenance and engine facility, and its reservations center in Long Beach, Calif.
- Northwest loss of $46 million
The share price of Northwest Airlines was just up 7.7 per cent, at $6.87, at Wall Street, although it reported a third quarter net loss of $46 million or 55 cents per common share. This compares to a third quarter 2001 net profit of $19 million or 20 cents per diluted common share.
- American reports third quarter loss of $475 million
Consistent with financial community expectations, AMR Corporation, the parent company of American Airlines, Inc., yesterday reported a third quarter net loss of $475 million before special items, or $3.05 per share. AMR is slowing the purchase of new planes from Boeing.
- Loss for Continental in Q3
Continental Airlines today reported a third-quarter net loss of $37 million, but the share price just gained about 20 percent in New York, at $ 5.70.
- TNT Express launches pre-arrival clearance
TNT Express announced the global roll-out of 'PACS', a pre-arrival clearance system that will speed up the clearance of international shipments through Customs by up to eight hours, developed in partnership with Fujitsu.
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| OCTOBER 18, 2002 |
- BTL excels in container throughput at Chennai Port - Acknowledges CCTPL’s efficiency
- India-Asean trade registers 3-fold increase
- India, Romania sign MoU on IT co-operation
- Indo-Irish trade registers 30 per cent growth
- Malaysia invites Indian SMEs, signs MoU with Fieo
- Study confirms viability of Sethusamudram project: Goyal
- Global majors eyeing stake in CSL, HSL
- Arun Bongirwar assumes charge as TAMP Chairman today - Ms Neera Saggi-Chairman-in-charge, JNPT
- IATA defers move to change plane cargo load norms to Oct 1, 2003
- Industry makes out case for longer, higher capacity trucks
- Exporters to Lanka get special credit facility
- KolnMesse sees a ‘fair’ deal in India
- CII chosen to help prepare ‘Made in India’ label
- CMIE projects 9 pc growth rate in exports - Lowers GDP growth rate to 3.1 pc
- Govt has no plan to cut import duty on palm oil
- Steel sector growth projected at 10 pc in 2002-03
- Prepare new legal set-up for leasing of airports: Pant
- Diesel to cost 32 to 57 paise more
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| OCTOBER 17, 2002 |
- Healthy demand amid soft ARA prices
- Avails still problematic in Suez
- FAMM and PetroJam Team Up to Market Bunker Fuels in Jamaica
- Softer Singapore on the back of bearish cargoes
- Brazilian market report from Petrobras
- Demand very light on US East Coast
- Small drops and smooth operations in Italy
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| OCTOBER 17, 2002 |
- Charleston Containers Up 10% in September
- The Georgia Ports Authority posted double digit increases
- Door-to-door integration start up
- Cosco and MSC in Naples joint venture
- Japanese Consortium signs Long-Term Charter Agreement
- Ivory Coast reopens main port
- SriLankan Airlines flies back into profit
- Silkair orders additional A320 Family aircraft
- Suzhou Representative Office Opening
- EasternAirCargo present in the Cargo City Süd in Frankfurt/Main
- ECU-Trans to Finland
- Global Freight Exchange (GF-X) and TRAXON Europe to evaluate options
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| OCTOBER 17, 2002 |
- Port of Portland taps MTC for daily operation of Terminal 6
- IMO environmental team sets draft guidelines for next assembly
- Maritime Administration close to opening new round of security funding
- Boeing reports $375 million in third quarter net earnings
- Coast Guard wants comments on San Juan Islands study
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| OCTOBER 18, 2002 |
- Renaissance creditors to take a stake in Oceana
THE creditors of defunct US cruiseship operator Renaissance Cruises are to take an equity stake in cruise industry newcomer Oceana Cruises, which is planning to charter three former Renaissance vessels, the advisor for the deal said yesterday, writes Andrew Spurrier in Paris.
- Britannia sets pace with 15% P&I renewals rise
A FIRST clear sign of the scale of general increases that shipowners face in the looming liability round of renewals has been hoisted by the pace-setting Britannia P&I Club.
- Bergesen secures $900m loan war chest
BERGESEN, Norway’s leading bulk shipping group, has amassed an expansion ‘war chest’ of almost $900m following the finalisation of a major new loan facility.
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| OCTOBER 17, 2002 |
- ECSA: European shipping is growing
- More troubles for BC Ferries
- Chinese restore USWC activity
- No NCL signing yet for Lloyd Werft
- Yemen premiums 'unreasonable'
- Another Russian trials US shipment
- Cosco, MSC to run Naples venture
- Vancouver grain talks set to resume
- Grimaldi flying the flag for Sweden
- UK dithers on tax issue
- Congestion worsens at Yantian
- Messina ro-ro demolishes crane
- Drought hits Australian wheat trade
- Korea relaxes box carriage rules
- Bulker refloated at Bluff
- Box shortage hits Korean exports
- PMA to seek 'slowdown' ruling today
- Petrobras fleet upgrade under threat
- Malaysia is secure, says minister
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| OCTOBER 17, 2002 |
- No let-up for Pacific logjam
West Coast ports Thursday continued to be plagued by severe congestion, equipment shortages and a traffic jam of vessels as more ships arrive on their weekly rotations from Asia.
- Port security bill clears Senate hurdle
Legislation to tighten security at the nation's ports took a major step forward after Sen. Fritz Hollings dropped his demand that new cargo user fees be developed to help pay for security improvements.
- Progress in U.S.-HK air talks
- Northwest cargo gains buck trend
- GF-X, Traxon discuss partnership
- Deutsche Post: DHL deal 'nothing new'
- Port of Montreal box traffic grows
- Virgin cuts cargo sales staff
- Lufthansa hikes Pakistan charge by 50%
- Descartes acquires rest of Tradevision AB
- DOT fines Asiana $750,000
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| OCTOBER 18, 2002 |
- Turkon Line mise sur la relation Anvers-Turquie pour draîner du trafic routier vers le maritime
“Bien que nous ne soyons pas intégrés dans l’Union européenne, nous suivons néanmoins ses aspirations en matière de transport, qui consistent à transférer des trafics de la route vers le maritime. C’est la raison pour laquelle nous introduisons dans notre nouveau service Europe-Turquie le container de 40’ - pallet wide et high cube - qui doit contribuer à ce transfert de trafic.” C’est en ces termes que le capitaine Cem Tas, manager de l’armement Turkon Container Line pour l’Europe et la Méditerranée, a présenté le nouveau service containérisé du groupe turc, lors d’une rencontre chez son agent anversois Uma Belgium.
- Deutsche Post veut la quasi-totalité de DHL
Deutsche Post veut reprendre la quasi totalité de DHL. C’est ce qu’annonce le Financial Times Deutschland. DP serait disposé à payer 400 mio. d’EUR pour la reprise de 23% supplémentaires.
- Tropicana poursuit le développement de ses installations à Zeebrugge
Mercredi dernier, le ministre flamand de l’Emploi Renaat Landuyt a effectué une visite de travail au chantier de la nouvelle unité de production du producteur de jus de fruits Tropicana à Zeebrugge. Via cette nouvelle installation, Tropicana veut optimiser la chaîne logistique entre la récolte des fruits et la livraison des jus de fruits au consommateur. En raison de sa forte croissance en Europe, Tropicana a été obligé d’augmenter sa capacité de production. Pour cette raison il a été décidé d’investir dans la construction d’une nouvelle implantation au port de Zeebrugge. L’unité de production sera entièrement opérationnelle au printemps de 2003 après le démarrage de trois lignes de production pour le remplissage de bouteilles PET et briques. Les nouvelles installations se porteront garant d’une centaine de nouveaux emplois.
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| OCTOBER 17, 2002 |
- International Shipholding back in red
Third quarter net loss wipes out earlier gains in previous two quarters.
- NOL to sell online fulfillment unit
The sale is due to poor performance from e-fulfillment business.
- Northrop sees bullish shipbuilding outlook
This is despite $87m pre-tax charge from Polar Tankers programme.
- Bergesen loan oversubscribed
Norwegian owner in bigger than expected $800m facility to finance expansion.
- Novoship chief under pressure
Russian auditors want Tagir Izmailov "replaced" over alleged non-cooperation.
- VLCC rates touch WS 100
Brokers say volume of business has gone up and looks set to continue through December.
- Volga Shipping bonds with investors
Russian owner to issue high-yield notes repayable over a year.
- Dohle boosts Szczecin yard
German owner converts option in vote of confidence in Polish shipbuilder.
- RasGas LNG ship charter deals confirmed
Middle East gas producer edges ahead with just two of the long-awaited newbuildings.
- Murmansk Shipping plots overseas listings
Russian owner wants to raise money to build three VLCCs.
- Wallenius denies Trasmed link
Swedish owner's UECC unit not talking to Spanish ferry company about Citroen deal in Vigo.
- Limburg probe breakthrough in Yemen
Interior Minister Rashid al-Alimi said police have found the house where explosives were prepared.
- Tai Ping crisis over
Grounded bulker which closed New Zealand port is safely berthed.
- Loan rollover for HMM
Korean owner's banks helping out again with emergency cash and repayment delay.
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