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| NOVEMBER 18, 2002 |
Shipping News
- India woos foreign stakes in box terminal projects
INDIA is out to attract foreign participation in three major container port projects that would more than double the capacity at its ports to 5 million TEUs in the next few years.
- P&O container volumes rise 14% in Q3
- Oil from stricken tanker hits Spanish coast
- Parties in port row warned not to rush for sanctions
- S Korea's Hanjin Group founder dies
Air and Land Transport
- Air travel costs may soar with terrorism fears
ASIA-Pacific airline chiefs have warned that air travel may become more expensive if governments do not bear the cost of implementing aviation security measures to counter terrorist threats.
- Airbus talking to 3 Asian airlines on A380 orders
- Boeing rolls out newest longer-range 777 jet
- JAL H1 net doubles, JAS' drops
- JFK terminal uses eye-scan tech on staff
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| NOVEMBER 18, 2002 |
- Rate hike from intra-Asia area carriers already in effect
- Six RTGs delivered to Chiwan Container Terminal
- Expeditors to host Global Logistics Council in Shanghai
- Jaxport appoints CK Oh to market its services in Korea
- Atlas Air gives third quarter financial update
- Emirates Airline to boost capacity over the next year
- Mercury Air subsidiary receives six-month contract extension
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| NOVEMBER 15, 2002 |
- Fall operating profit JAL
JAL today posted a 26.7 percent fall in first-half operating profit, to 28.55 billion yen ($237 million), hurt by still-weak demand for international flights. Revenues dipped 1.5 percent to 858.16 billion yen.
- Logistics Prize for Van Gend & Loos
This year's Logistics Prize for the Netherlands goes to Van Gend & Loos Euro Express.
- Evergreen to change agent in Venezuela
Evergreen America Corporation and Agencia World Link-Up CA, which has represented Evergreen as agent in Venezuela since the beginning of its service in 1995, announced that their cooperation would be terminated.
- United to boost revenue via Lufthansa
United Airlines, working to fend off a bankruptcy-court filing, said it expects to boost revenue by $90 million a year by deepening its trans-Atlantic marketing relationship with Star Alliance partner Lufthansa.
- Asian airlines optimistic
Most Asian airlines are eyeing profits this year despite the Bali bombing but rising insurance costs and new security measures to thwart terrorism may erode the bottom line, Richard Stirland, director-general of the Association of Asia-Pacific Airlines (AAPA) told AFP.
- Operating income MOL down 60 percent
Consolidated business results of Mitsui OSK LInes (MOL) for the first half of FY2002 showed revenues of 444 billion yen, a decrease of 3.8 per cent over the same period of the previous year, with operating income of 14.7 billion yen (a decrease of 60.5 per cent from the same period of the previous year).
- TNT Logistics and Dow Benelux sign contract
TNT Logistics announced today that it is to start warehousing and transport operations for the maintenance, repair and operating supplies (MRO) division of Dow Benelux B.V., a leading company in the chemical sector.
- EU exeption, but further examination shipping competition
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| NOVEMBER 18, 2002 |
- Balaji Shipping despatches 1st 40’ LCL box ex-ICD-Nagpur
- SCI sell-off at right time & at right price: V.P. Goyal
- Dolphin Container Logistics expands operations - ...appoints Adsteam as agents
- SCI opens representative office in Shanghai - INDAMEX service being upgraded
- Italian expertise offered to Tirupur cluster
- TPT sets new record in rock phosphate handling
- Record loading of steel pipes by Mumbai Port
- Concor offers all help to increase box traffic at Vizag - 40 pc increase in container handling
- State sets up Rs 10-cr. biotech development fund
- Textiles Ministry panel notes export downtrend with alarm
- India climbs 8 rungs up global competitiveness ladder
- RBI relaxes foreign exchange norms; allows FIIs to hedge full exposure in equities
- Govt hikes export prices of foodgrains
- Maharashtra to give Rs 350-cr. in export incentives to sugar industry
- FDI norms issued for publication of tech. journals
- Muthiah charts out course of Ficci’s action plan
- Meet on ‘Digital Maharashtra’ today
- Infosys bags CII-Exim Bank award
- Japanese trade team coming next month
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| NOVEMBER 15, 2002 |
- Daily bunker market report from Praxis Energy Agents
- UN December deadline could trigger war in the Gulf
- Prestige salvage options unclear, throws open "Erika" debate
- Rotterdam: Quiet market softens again
- Bunkerworld's user profile develops as the site matures
- African market snapshots
- Respite in sight for Japanese avails blight
- Vancouver takes on business from squeezed Seattle market
- Balanced conditions for California market
- Slow and soft day in the US Gulf
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| NOVEMBER 15, 2002 |
- Sitfa celebrateds 40 years with huge investments
- Eurotop 500
- Ocean World Lines Targets Productivity Improvements
- Dutch Minister of Transport and Public Works to officially open the Intermodal Summit
- IATA Monthly International Statistics August 2002
- UAL negotiating bankruptcy loan
- KLM royal Dutch Airlines signs for A330-200
- TNT Logistics goes daily for Suzuki
- Boeing unveils new longer-range 777-300ER jetliner
- Pakistan International Airlines orders eight Boeing 777s
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| NOVEMBER 15, 2002 |
- Wärtsilä and Mitsubishi to develop new 500-600 mm bore diesel
Wärtsilä Corporation and Mitsubishi Heavy Industries Ltd have made a joint development agreement to design and develop a new low-speed marine diesel engine.
- Conrad awarded Alaska ferry contract
Conrad Industries, Inc.has announced the award of a $9.5 million contract for the Alaska Marine Highway System.
- VT Haltermarine wins $10.2 million 220 ft OSV order
VT Halter Marine, Inc. has disclosed its first newbuilding order since acquisition of the former Halter Marine by Singapore Technologies.
- Navy moves ahead on focused-mission ship studies
Six companies are each being awarded a firm-fixed-price U.S. Navy contract worth $500,000 for the performance of focused-mission ship concept studies intended to explore a range of approaches in an overall effort to define future ship requirements.
- Pacific Maritime offers seafarer upgrade courses
Pacific Maritime Institute (PMI), the West Coast affiliate of Maritime Institute of Technology and Graduate Studies (MITAGS) has announced a training program for Able Seamen wishing to upgrade to Mate.
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| NOVEMBER 18, 2002 |
- Spain rules out shoreline refuge for stricken Prestige
THE shipping industry was this week faced with a repeat of the Castor incident as the Spanish government flatly refused to allow the stricken tanker Prestige to find a place of refuge close to shore.
- Black tide set to ruin industries
AN oil slick that stretched for 190 km hit the coast of Galicia yesterday as salvage operations on board the Prestige continued 65 miles off the Spanish mainland, writes Brian Reyes.
- No way to treat a Lady: tanker bears scars of run-in with sub
DIVERS have discovered extensive damage to the hull of the Norwegian gas tanker, which last week was in collision with a nuclear-powered US attack submarine surfacing off the Straits of Gibraltar.
- Amsterdam to sail on despite virus outbreak
HOLLAND America has no plans to withdraw the Amsterdam from its Caribbean season in spite of a steady procession of passengers abandoning the ship on its current cruise after contracting the Norwalk gastrointestinal virus, the company said at the weekend, writes Rajesh Joshi.
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| NOVEMBER 15, 2002 |
- Drug bust at Panamanian port
- Ship agent had no links with AMP
- ABS confirms Prestige record
- Prestige update
- Virus strikes Amsterdam again
- Federal judge warns USWC parties
- Uzbekistan seeks way out for cotton
- US security now even tighter
- More explosions on Hanjin boxship
- Sicilian car workers block sailings
- Jo, Dong Kun form chemical pool
- Untested AIS has been 'hijacked'
- Security response threatens trade
- Prestige oil spill close to coast
- MSC rejects Deurganckdok move
- Newbuilding ferry sent back to yard
- Nuclear sub hits LNG tanker
- Korean operating profits slump
- Suez stalls on Aqaba discount plea
- Negros rallies with $1M profit
- Busan kicks off box screening
- Spain, UK in row over Prestige
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| NOVEMBER 15, 2002 |
- Long voyage for port security bill
After 483 days of amendments, revisions and contention - and Sept. 11 - Congress passed the encompassing Maritime Transportation Security Act of 2002.
- Mixed results for U.S.-Puerto Rico lines
Carriers' earnings provided a glimpse of how they have fared in the wake of the decision by NPR-Navieras earlier this year to exit the business and sell its assets to competitor Sea Star Line.
- Atlas revenue jumps
The parent of Atlas Air and Polar Air Cargo said third-quarter revenue increased as charters offset weaker contract service business.
- Daewoo forced to hike box ship prices
- P&O Ports, CMA CGM in French venture
- Cargo pilots blast cockpit gun change
- Mitsui O.S.K. net tumbles
- More explosions on Hanjin ship
- Airforwarders Assoc. elects directors
- Econocaribe, India LCL sign deal
- Corpus Christi gets frozen traffic
- GeoLogistics, toy company expand contract
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| NOVEMBER 16, 2002 |
- ABX Logistics devrait trouver un partenaire opérationnel dès 2003
Trois scénarios ont été étudiés concernant l’avenir: l’un prévoyait de continuer comme tel en espérant trouver un partenaire d’ici la fin de 2003 ou le début de 2004; le deuxième prévoyait l’arrêt immédiatement des activités d’ABX par la fermeture des filiales allemande, française et néerlandaise et la vente immédiate des filiales belge et italienne; et le troisième, qui prévoyait la création d’une société holding qui comprendrait les filiales rentables d’ABX, la SNCB conservant les trois filiales déficitaires le temps de leur assainissement. C’est ce troisième scénario qui a été retenu pour le plan de sauvetage d’ABX Logistics.
- La SNCB devrait perdre plus d’un milliard d’EUR cette année
Si aucune mesure n’est prise, si on contine comme aujourdhui, la SNCB sera confrontée à une dette de 10 mia. d’EUR, voire de 12 mia. d’EUR. C’est ce qu’a annoncé Karel Vinck jeudi soir lors d’une conférence de presse. Aussi a-t-il dit qu’il travaille à un plan d’entreprise pour trouver, à partir de l’analyse du problème des liquidités, une solution à ce problème. Ce plan sera soumis au gouvernement dans la première moitié de 2003. Vinck et le directeur financier de la SNCB, Luc Lallemand, ont analysé la situation financière au cours d’une conférence de presse. Il en est également ressorti que cette année, la SNCB clôturera l’exercice 2002 sur une perte de 1,07 mia. d’EUR.
- Chargeurs et expéditeurs se préparent doucement au NCTS
Le bureau Anvers D est repris comme un seul bureau dans le New Computerised Transit System (NCTS). Au port d’Anvers, les déclarations NCTS pourront toutefois être traitées à quinze bureaux, répartis dans toute la zone portuaire. C’est ce qu’a déclaré Jan Moortgat, premier inspecteur-chef de service de l’Administration des Douane & Accises, direction Anvers, au cours d’un séminaire organisé par notre publication-soeur Transport Echo, en collaboration avec Deloitte & Touche, et qui a attiré la grande foule.
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| NOVEMBER 15, 2002 |
- Prestige charterer wades into political storm
Crown Resources moves to take heat out of row over Gibraltar angle.
- Mitsui dips into Torm's pool
Japanese owner gets chartering role after three panamax deal.
- US Congress OK's maritime security act
Bill adopted earlier than expected but community still fears go-it-alone stance by US.
- Northern Offshore appoints restructuring firm
Fredriksen drilling operation sinks into deeper financial hole.
- Prestige seeks port of refuge
Spanish order tanker away from coast and ban vessel from their ports.
- Actinor cancels Crown charter
Norwegian shipowner must now find alternative business for cruiseship after Chinese deal scrapped.
- Profits slump at Kyoei Tanker
Japanese owner suffers in first six months, but profits held up at bulker owner Taiheiyo.
- Salvors inspect Prestige
Tanker righted but damaged, and now lying 60 miles off Spanish coast.
- MOL income slumps in "severe" business climate
But Japanese owner is bullish about rate recoveries next year.
- VLCC and aframax tanker rates climb
Charterers start shopping early for Christmas as market floods with cargoes.
- Daiichi heads into the red
Japanese tanker and bulker owner suffers turnaround in first six months.
- US Navy sub hits LNG carrier
Leif Hoegh gas carrier struck east of Strait of Gibraltar as submarine prepared to surface.
- Tanker sale helps Iino to bigger profit
Japanese owner's interim figure boosted by disposal of VLCC.
- Drydockings scupper Jutha
Thai cargoship owner racked up losses in first three quarters, due to reduced operating days for fleet.
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