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| DECEMBER 18, 2002 |
Shipping News
- Global maritime framework against terrorism reached
AFTER nearly a year of intense negotiations and unprecedented workload by the International Maritime Organisation , 108 countries formally agreed to a historic new framework aimed at protecting global maritime trade against the spectre of terrorism.
- Statoil sells shipping unit to Teekay
- Contship revamps Australia services
- All big Sabah ports to use new computer system
Air and Land Transport
- Weakened US airlines face crippling blow from Iraq war
STRUGGLING US airlines face a further crippling blow to revenue if the United States enters into an extended war against Iraq, leading industry experts said.
- Korean Air to offer charter flights to Taiwan
- United's new wage cut plan leaves pilots union 'stunned'
- Cost cuts will help BBA meet full-year profit targets
- Easy integration
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| DECEMBER 18, 2002 |
- KMTC predicts profitability in 2002 on US$320m turnover
- China Sailing Agency acquires ISO9001-2000 rating
- US Customs' C-TPAT programme evolving quickly
- Box volume down 10 per cent in November for Long Beach
- Schenker makes board changes
- Macau handles 100K tonnes of cargo in 2002 to mid December
- Air-India offers flights to Frankfurt again
- New Washington air traffic control facility begins operation
- Atlas Air CFO Douglas Carty gets offer he can't refuse
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| DECEMBER 17, 2002 |
- Unions review proposals for cuts United
United Airlines' unions met with their advisers Monday to review the bankrupt carrier's proposal for severe cuts, which one union said would more than double the previous targeted concessions.
- BA to axe 21 regional routes
British Airways is to cut 21 UK routes next year which it said today were "further steps towards simplifying and strengthening its UK regional operation".
- Korean Air and TransAsia flights between Korea and Taipeh
Korean Air Lines and Taiwan's TransAsia Airways will operate chartered flights between South Korea and Taiwan starting later this month, the Ministry of Construction and Transportation in Korea said today.
- Asian shipping companies angry about surcharges Indonesia
Delegates from shipowners' associations of Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam have collectively called upon the Joint War Risk Committee (JWRC) to remove Indonesia's post-Bali bombing war risk zone label, arguing the arbitrary rating 'imposed unnecessary additional costs' on shipping and trade.
- IMO wants new security measures
Governments have been given one and a half years to implement the security measures decided on by the International Maritime Organization (IMO).
- Rumors about sale CSX Lines
Morgan Stanley upgraded CSX Corp. (CSX ) to overweight from equal-weight. The Journal of Commerce argued about the sale of CSX Lines.
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| DECEMBER 18, 2002 |
- Amendments to Merchant Shipping Act provide better deal to seamen
- Cosco India to take over agency functions w.e.f. January 1, 2003
- Tobacco exports may rise by 10 pc
- Pharma industry cautions Africa against anti-India EU propaganda
- April-Aug. export growth revised upwards to 23 pc
- Paradip Port handles 1.828 m. tonnes of traffic during Nov.
- Coastal service operators concerned over TAMP-approved recent tariff hike
- Record loading of steel plates at Vizag Port
- India to become a leading market for diamonds in 5-10 years
- Apeda launching cheaper banana packaging systems
- Lok Sabha passes Competition Bill
- Speedy reforms vital to lure US investors: Senator
- High-level committee suggests proactive exporter guidance role for DGFT
- FDI proposals worth Rs 92 cr. cleared
- Forex reserves put at $ 67.753 bn
- Textile industry registers 17 pc growth during April-September
- CII team to meet WTO chief
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| DECEMBER 17, 2002 |
- Montreal: Only one supplier on market for fueloil
- Venezuela hits East Coast hard
- USGC: Tight avails and congestion reign
- Oil lower as market bets on OPEC inaction and awaits API report
- Another sharp hike in Barzil's bunker prices
- OPEC crude basket bursts through upper end of target range
- Argentina market update
- Baltic: Prices up, high holiday demand
- Surprise in Fujairah as another cargo jump fails to materialise
- Brazil bunker price gain
- Green light for pipeline to Omisalj
- St. Petersburg prices competitive again
- Crude, cargo and avails conspire to hike Hong Kong levels
- Demand picks up in Great Belt despite higher prices
- Piraeus on the rise
- Uruguay market update
- Rotterdam steadies after morning price leap
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| DECEMBER 17, 2002 |
- ABP warns of container terminal capacity shortage
- Swiss to streamline its route network
- Rhenus Traffic Solutions goes online
- DPWN moves its headquarters to Post-Tower in Bonn
- P&O's Zeebrugge route ends on December 15
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| DECEMBER 17, 2002 |
- IMO adopts comprehensive maritime security measures
Shipowners face a new and significant compliance deadline. A new, comprehensive security regime for international shipping is set to enter into force in July 2004. A central element is ISPS: the new International Ship and Port Facility Security Code.
- Rolls-Royce power for White Rose FPSO
Three Rolls-Royce RB211 turbogensets have been ordered to provide the electric power needed on an FPSO (floating production, storage and offloading) vessel to be located in the North Atlantic.
- GE Power delivers QM2 packages
GE Power Systems recently delivered two LM2500+ gas turbine-generator packages scheduled to be installed on what will be the largest passenger liner ever built,
- First common-rail Sulzer completes one year's service
The first Sulzer low-speed engine with common-rail fuel injection has successfully completed one-year's service
- Navy hosts Taiwan sub meeting
The Navy is briefing selected contractors on its planned acquisition of diesel electric subs for Taiwan
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| DECEMBER 18, 2002 |
- Deloitte & Touche pulls out of Liberian registries audit
IN A major blow to the already tattered credibility of the Liberian maritime programme, international accounting firm Deloitte & Touche has pulled out of its contract to audit the West African country’s shipping and corporate registries and timber industry.
- Erck Rickmers places $323m five-ship order with HHI
HAMBURG owner Erck Rickmers has placed an order worth Won389.9bn ($323.8m) with Hyundai Heavy Industries for five 7,500 teu boxships, German shipping sources and Asian shipbuilders said.
- MoD starts chartering ships for Iraq operation
THE UK’s Ministry of Defence will from today seek to charter ships to move personnel and equipment for operations against Iraq, it has been confirmed, writes David Osler.
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| DECEMBER 17, 2002 |
- Deloitte ends LISCR contract
- Venezuela insurance claims denied
- Masters to be hit with old law
- Owners talk tax with taxman
- DFDS acquires Latvian operator
- Caterpillar in talks with Hyundai
- P&O Ports moves into Bengal
- Tanker adrift with no crew on board
- Richards Bay coal exports falling
- Zambia to cover grain shortfall
- Shippers 'must adapt to US rules'
- Croatia to be Russian oil outlet
- Viking withdraws from ownership
- MOL to boost products fleet
- Unions call for safety assessment
- Whangarei port service rationalised
- Short lease for Beirut box terminal
- Spain's Aznar takes responsibility
- Sonatrach to build five terminals
- Oil players call for Gulf clean-up
- Fred Olsen Energy to shed assets
- Thailand mulls deepwater port
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| DECEMBER 17, 2002 |
- CSX Lines sold to turnaround firm
CSX Corp. will sell its domestic shipping company to turnaround specialist Carlyle Group for $300 million in cash and securities, confirming an earlier report in JoC Online.
- Insurance could rocket after wrecks
A spate of recent maritime accidents has pushed hull losses close to the $1 billion mark and could send insurance premiums soaring in the coming months, experts say.
- United simplifies domestic pricing
Carrier shrinking number of pricing zones, plans export rate changes, too.
- CP Ships quits Asia-Europe slot deal
- GATX quitting new ventures unit
- CSDC orders four bulk carriers
- Protest threatens Russia box imports
- Jolly Rubino wreck blown up
- Canadian National to acquire 550 cars for forest products
- UPS launches alternative fuel tractors
- Logistec: Unhappy New Year for Montreal terminal
- Virgin Atlantic slates Nigeria service
- Women in Logistics name Carroll
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| DECEMBER 18, 2002 |
- Sea Gate doit stimuler le développement logistique dans le port d’Ostende
Un consortium belgo-américain autour d’Immo Industry Group (IIG), GE Capital Real Estate et KBC a dévoilé hier ses plans concernant l’aménagement d’un parc logistique sur un terrain de 230.000 m2 dans l’arrière-port d’Ostende (Plassendale 1). Des magasins et des bureaux sur mesure y seront réalisés en fonction des besoins logistiques des clients. Le projet Sea Gate représente un investissement de 62 mio. d’EUR.
- Le marché belge du camion a baissé plus fort que prévu en 2002
Le marché belge du camion de moyen et de lourd tonnage connaîtra cette année-ci une baisse sensiblement supérieure aux prévisions. Cela tient entre autres à un ralentissement des investissements de remplacement. C’est ce qu’a déclaré Peter Himpe, national sales director de Volvo Trucks Belgium, lors de la traditionnelle conférence de presse de fin d’année. Pour 2003, il prévoit - très prudemment - une légère hausse.
- Zeeland Seaports consolide sa position sur la scène portuaire internationale
Zeeland Seaports a à nouveau élargi ses horizons. L’autorité portuaire zélandaise compte pour cette année sur une croissance de plus de 5% des transbordements à Flessingue et Terneuzen. L’année sera clôturée sur un nouveau record absolu de 26,7 mio. de t, a pu annoncer un président visiblement satisfait lundi soir lors de la réunion de fin d’année de l’administration du port de Middelburg. Et la fin de la croissance n’est pas encore en vue: avec le nouveau tunnel de l’Escaut occidental, l’aménagement du Westerschelde Container Terminal et la disponibilité de nombreux terrains de nouvelles portes s’ouvriront pour Zeeland Seaports qui, avec un résultat favorable de 5,5 mio. d’EUR, voit également augmenter sa capacité de financement.
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| DECEMBER 17, 2002 |
- Two tracks to security
IMO has its say on ship safety plans, but the US Coast Guard is still to be heard.
- Trouble to the south, but rates heading north
Analysts say Venezuelan crisis should boost hire regardless of standoff's duration.
- Trading places
Market reversal has conservative Stelmar on the wane, spot player Genmar on the rise.
- JP Morgan bullish on Teekay deal
Bank raises rating, earnings projections following Navion acquisition.
- Vela signs up with Venturie
Saudi tanker owner to install vapour recovery system on full fleet.
- Orient Steamships buys first ship
Ex-Valles youngest son John Koo bolsters new venture with capesize and aframax.
- Jens Ulltveit-Moe resigns from Kongsberg
But activist shipping investor has no plans to bid for marine electronics group.
- Navibulgar stays in state hands
Profit-making Bulgarian shipowner will not now be privatised, government decides.
- Tanker and boxship collide in Thai port
Diesel oil leaking from damaged tanker near Laem Chabang in Thailand.
- Oil volumes grow at Caspian Shipping
Azeri shipowner carries 4% more cargo to end-November.
- Ventspils Nafta withdraws claims over Latvian
Owner of Latvian Shipping drops action against rival bidder over share transfer delay.
- FOE restructures $100m of loans
Bid to reduce debt could lead to sell-off of yard or shipping interests.
- DSME wins Montanari aframax order
Italian owner inks 105,000-dwt tanker as Daewoo's Jung wraps up spate of European newbuilding deals.
- AP Moller companies’ shares surge on merger plan
Expensive shares of Danish owner’s quoted companies Svendborg and 1912 rise further.
- Leif Hoegh offloads a reefership
Norwegian owner sells non-core business ship as it homes in on ro-ro and LNG work.
- S&P upgrades British Marine
Rating agency takes positive view of return to underwriting profitability.
- WG&A to shift headquarters
Philippine ferry owner is moving to Manila from Cebu following name change.
- MOL to bolster MR presence
Japanese shipowner aims to world's largest operator of clean product tankers by 2005.
- Efnav inks STX panamaxes
South Korea yard takes rare dry bulk contract as it confirms potential order haul worth $250m.
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