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| AUGUST 19, 2002 |
Shipping News
- Govt has set aside land for 20 more berths: PM Goh
THE government has set aside land for 20 more berths at Pasir Panjang for 'whoever can best run the berths, be it PSA Corporation, Jurong Port, other port operators or shipping lines', Prime Minister Goh Chok Tong said in his annual National Day Rally speech yesterday.
- Liner chief warns of years of low rates
- Int'l Container Q2 net profit halves to 1.5b pesos
- Star Cruises eyes profit push from new ships
Air and Land Transport
- US Airways bankruptcy creditors' committee selected
A 13-member panel of US Airways Group Inc's creditors was named by a Justice Department official to negotiate repayment terms of billions of dollars in debts as the bankrupt airline reorganises.
- Qantas to face 24-hour strike by 6,000 workers
- China's Hainan Air lifts H1 profit, plans share issue
- Thai Airways expands flight schedule
- GE to cut more jobs as slump persists
- 50 Swiss pilots passed by unqualified instructors
- Yunnan airport, closed after plane mishap, reopens
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| AUGUST 19, 2002 |
- Safmarine deploys the Zambezi to America Express
- OOCL adds new loop to Japan, Greater China coverage
- Hyundai expands inland box yard facility in Pusan
- APL unit wins US contracts, opens Honduras office
- RCL sees six-month profits surge, refinances debt
- AirRep adds capacity under new Russia, CIS schedule
- Korean Air cargo tonnage rise 13 per cent mid-way
- KLM Cargo to increase winter rates 5-10 per cent
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| AUGUST 17, 2002 |
- Serious delays Antwerp's PSA-daughter
Mainlines and barge operators have been critical of at-times serious delays at the Hesse Noord Natie's (HNN) Antwerp terminal, the newly merged and PSA Corporation-acquired terminal.
- OOCL agents in Mexico and Russia
Orient Overseas Container Line (OOCL) announced the appointment of Agencia Naviera De Mexico, S.A. De C.V. (Agnamex) as its new Agent in Mexico.
- Descartes Introduces MobileLink: Commerce
The Descartes Systems Group introduced MobileLink: Commerce, a wireless routing and scheduling application for real-time event management and financial settlement in delivery operations.
- Schenker partner in timber tade online
Schenker and IHB, leader for timber trade online, announce their strategic alliance as partners to offer their customers solutions via the internet.
- Australian bank buys Rome airport
Macquarie, the Australian investment bank, completed its fourth airport acquisition in 18 months when it bought a 44.7 per cent stake in Aeroporti di Roma for 480 million euro, from Leonardo Holdings, a consortium of Italian companies, which retains a 51 per cent stake.
- Evergreen upgrades agency network
To enhance its services in the East Mediterranean and Adriatic, Evergreen Marine (Taiwan) announced the appointment of three new agents.
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| AUGUST 19, 2002 |
- India Steamship to buy LPG-ammonia carrier
- Largest Indian trade fair to be held in Russia
- Dumping probe into Vitamin C from US, Canada
- Trade in S. Asia can touch $ 6 bn in 3 years: Lodha
- Tea trade cheers up at export prospects
- Exim trade concerned at frequent EDI failures in Jawahar Customs
- VPT’s ISO 14001 certification - Proud moment for all: Goyal Important first for us: Pinto
- Kandla Port box traffic poised to cross 1.5 lakh TEUs in 2002-03
- New rly zone expected to give Rajasthan a boost in traffic
- Ficci wants Surat airstrip converted into landing ground for cargo planes
- Jet Airways extends special fares to 2 more sectors
- SSIs can submit sales tax papers as export proof
- Steel sector has shown good results: Minister
- Fieo seeks tax concessions for SEZs
- Textile Ministry making concerted effort to expedite powerloom modernisation
- Govt to provide support price for silk
- Marginal cut in diesel, petrol prices
- PAN to become ‘common business number’ for transactions
- Foreign Trade Analysis: Current Policy & Procedures
- PM to open Indiachem 2002 on Sept. 18
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| AUGUST 16, 2002 |
- Daily Bunker market report from Praxis Energy Agents
- ARA supply may be squeezed after vessel sinks on Russian waterways
- South Africa: Durban barge fleet grows
- Chinese refinery plans
- Tight oil supply boost prices
- Addax statement on the Istanbul situation
- Firm Friday in Rotterdam
- European Holidays even hit US West Coast
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| AUGUST 16, 2002 |
- Railion Denmark and Carlsberg set up new train service
- The Public Warehousing Company (PWC) and Danisat Ltd. announce a customs modernisation and fleet tracking and security management partnership
- AirRep launches scheduled flights to Russia and CIS
- EGSAC completes European network
- NorseMerchant Ferries adds a third ship to its Liverpool - Belfast service
- Mediterranean Arabia Conference increases eastbound rate levels
- P&O Nedlloyd posts operating loss in second quarter of 2002
- South Carolina State Ports Authority announces year-end results
- APL Logistics establishes Honduras operation
- Schenker's internal operating profit on a par with last year's excellent figures
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| AUGUST 16, 2002 |
- INS cracks down on seafarers
You may have to hire guards to stop your crew going ashore
- Training firm readies security officer product
Videotel is preparing a product to help train ships' security officers
- Wartsila in fuel cell move
Wartsila is cooperating with Haldor Topsoe to develop fuel cell technology for marine and other applications.
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| AUGUST 16, 2002 |
- Pier 400 Container Terminal open at Port of Los Angeles
- Rail's intermodal freight totals continue to jump during week
- Port of Portland invites public to airport open house event
- Panama Canal Authority installs three training simulators
- Steven Blust takes chair of Federal Maritime Commission
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| AUGUST 19, 2002 |
- World slump hits OOCL
CHRONIC overcapacity in the container trades has dealt another corporate blow to the world’s leading boxship operators with Orient Overseas International, owner of Orient Overseas Container Line, reporting a slump in first half after-tax profit to just US$1.03m, compared with US$49.1m last year.
- Mega-boxships will be the future
THE HUGE losses forecast by the world’s largest container lines this year due to unprecedented overcapacity in the sector will not prevent the emergence of boxships of beyond 8,000 teu, according to Germanischer Lloyd’s Hans G Payer.
- P&O Nedlloyd orders questioned
P&O Nedlloyd’s rationale for ordering new ships is being questioned by institutional investors and industry analysts who argue that both the timing and reasoning is wrong.
- NOL denies merger plan
Neptune Orient Lines shares fell another 4.5% on Friday as market concern grew over potential losses this year, writes Marcus Hand.
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| AUGUST 16, 2002 |
- USCG encouraged by STCW result
- Maersk target for USWC action
- US is 'criminalising' seafarers
- Further stowaway pain for Antillean
- Asians step up anti-dumping moves
- Bangla advised to sign trade pacts
- Mugabe's Libya deal slipping away
- Pakistan probes manning corruption
- Valfajre-8 launches UAE service
- Kuwait plans major oil expansion
- Asians divided by sensitive name
- Seafaring: most hazardous career
- Damage assessed after collision
- Bergesen warns of further weakening
- Safety rules inconsistently applied
- Iraq warns Canberra on rhetoric
- Philippine fillip to shipbuilding
- Daewoo ousts Hyundai from top spot
- Belize leads Caribbean cruise surge
- Brazil urged to overhaul port laws
- Shipyard talks need Japan, China
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| AUGUST 16, 2002 |
- Softer rates hit OOCL parent
The chairman of the parent company of Orient Overseas Container Line is warning the high rate of new ship deliveries remains a problem for the container shipping industry.
- Maersk Sealand opens Pier 400
The carrier is calling the 484-acre facility the largest proprietary container terminal in the world.
- Russia oil exporter eyes U.S. market
A Russian oil company which made the first direct shipment of Russian oil to the US may join a terminal project aimed at boosting trans-Atlantic shipments.
- West Coast port talks to resume
- NCBFAA opposes security fee
- Cathay Pacific cargo up
- Europe floods hit terminals, intermodal
- Kent Line expands S. America service
- U.S.-Canada trans-border e-deal
- APL Logistics opens in Honduras
- Freighter fleet will expand: Boeing
- New India air cargo hub
- Ships collide in English Channel
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| AUGUST 16, 2002 |
- NYK and Greenshields hook up on bulkers
Japanese giant and Scottish owner and trader team up on panamaxes.
- New health guidelines for Alaskan cruiseships
Voluntary health measures are issued to curb Norwalk virus outbreaks.
- Stelmar's new charters to boost earnings
Aquamar and Maremar will earn higher rates in time charter market.
- Star Cruises homes in on Chinese market
Asian cruise giant logs strong gains on capacity increases and high occupancy.
- Lakers increase cargo volume
Total volume shipped in July exceeds last year for the first time this season.
- Tanker market challenges ahead
As VLCC rates wallow Clarksons guru Martin Stopford outlines the potential pain.
- Timber carrier still ablaze off Russian coast
Salvors unable to extinguish fire on Cambodian-flagged ship loaded with wood as sea around it boils.
- VLCC rates dip under WS 30
Tanker market softens as tonnage piles up in demand drought.
- OOIL sees dramatic fall in profits
Hong Kong container line's good start to the year evaporates as operating profits and revenue suffer decline.
- India Steamship scouts for LPG ship
Calcutta-based company makes a bid to rejuvenate dwindling fleet with gas carrier.
- Cargoships collide in English Channel
An Egon Oldendorff vessel and a Dutch-registered ship in collision while travelling in the same direction.
- AWB holds talks with Iraq
Australian delegation meets with Iraqi trade minister in bid to resolve grain shipment dispute.
- Commodore changes hands in MBO
Management buyout team, backed by ABN AMRO, takes the helm at Channel Islands-based ferry group.
- NorseMerchant bolsters Irish Sea services
Cenargo subsidiary is adding a third ferry to its Liverpool-Belfast route and lifting capacity to Dublin.
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