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| NOVEMBER 19, 2002 |
Shipping News
- Japan's 3 big lines hit by profit slump
JAPAN's three major shipping lines suffered severe first half profit slumps, but two of them, Kawasaki Kisen Kaisha Line and Mitsui OSK Lines , were more upbeat about the next six months.
- Containership turns into fireball
- EC exempts shipping cartel from curbs
- Spain escapes ecological tragedy for now
- Patrick Corp's H2 earnings expected to surge 76%
Air and Land Transport
- Aussie govt clips wings of air safety watchdog
AUSTRALIA's government announced yesterday that it was taking direct control of the nation's air safety agency, which has come under scrutiny in recent years after a spate of deadly crashes.
- United to cut 9,000 jobs, capacity, in loan bid
- Federal airport screeners take over checking air passengers
- 2nd Viet airline plans flights to S'pore
- Garuda pins hopes on new Shanghai route
Features
- Sweden rebuilding Gotheborg, its 18th Century glory ship
PIRATES, plunder, treasure and trade will come to life again when a Swedish company completes building a replica of the country's most famous 18th Century merchant ship.
- Breaking up is hard to do
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| NOVEMBER 19, 2002 |
- Hanjin's founder Cho Choong-hoon dies
- CMA CGM, P&O to become France's largest port operator
- K Line adopts total vessel performance analysis system
- ICTSI develops its first terminal monitoring software
- Felixstowe relaunches web site
- Transnautic to market Khalifa Airways services in Germany
- AirNet Systems welcomes Bruce Parker on board
- KLM to launch electronic flight bag on new Boeing 777s
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| NOVEMBER 18, 2002 |
- About 10,000 exit at United
United Airlines is expecting to return to profit in 2004 through a financial restructuring in which around 9,000 till 10,000 jobs will be cut by 2004.
- TPG up on price decision ministry
Although the Ministry of Economic Affairs today announced its decision on postal tariff regulation until 2007, and TNT Post, the monopoly in postal services in The Netherlands complained about it, shares won more than 5 per cent at the Amsterdam Stock Exchange.
- P&O Ports volumes rose 14 per cent
P&O Ports, one of the world's biggest ports operators saw its ports' container volumes rose 14 per cent in the third quarter 2002. P&O's contract logistics business, which it is trying to sell, remained sluggish.
- Atlas Air up 23 per cent on strong results
Shares of Atlas Air Worldwide Holdings jumped 23 per cent Friday after the air freight concern reported revenue of $290.8 million, up from $150.7 million a year earlier
- Agreement U.S. Postal and union
The U.S. Postal Service and American Postal Workers Union reached tentative agreement on a two-year contract extension for 366,000 workers, with a 1.3 per cent wage increase in 2003 and in 2004, as well as four cost-of-living boosts by late 2005.
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| NOVEMBER 18, 2002 |
- Daily Bunker market report from Praxis Energy Agents
- Prestige oil hits Spanish coast, bigger disaster still feared
- New port complex stiffens competition in Baltic bunker market
- Crude gains but still room for further weakness?
- Copec boosts central Chile barge fleet
- Tanker carrying fueloil to Rotterdam runs aground near Denmark
- Rotterdam opens steady despite firmer crude
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| NOVEMBER 18, 2002 |
- LCL Group starts LA/Caribbean service ex-India via Miami and is appointed exclusive partner of Econocaribe Consolidators
- JAL, JAS post profits in first half
- John Nuriminem acquires Atlans' business operations
- EIA unveils finalists for the 3rd Annual Intermodal Awards
- SembLog Orient Caspian forms joint venture with Azpetrol
- K Line's interim net income drops 35%
- US Government warns workers and bosses to keep ports open
- P&O Nedlloyd takes operating loss of USD 46 million for Q3
- Cathay hauls 14pc more freight in October
- Air France and Alitalia develop alliance
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| NOVEMBER 18, 2002 |
- Landmark maritime security legislation set for signature
The Maritime Security Act of 2002 (S. 1214) has been passed by both Houses of Congress. What's in it?
- Bangladesh takes firm line on fire safety
If your vessel is headed for Bangladesh, be sure that it's in compliance with the latest SOLAS fire safety requirements
- Newbuilding quality issues
High level meeting in Shanghai
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| NOVEMBER 18, 2002 |
- Somali Piracy: Ships Switch to War Cover
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| NOVEMBER 19, 2002 |
- Clydeport urges ‘yes’ vote to Peel £184m takeover bid
Clydeport, Scotland’s leading west coast ports group, is recommending a £184m ($276m) takeover bid from Peel Holdings, the property and airports group which owns the Manchester Ship Canal.
- AkerKvaerner in six boxship deal for Iran
TWO German yards belonging to the AkerKvaerner group have received an order from Iran for six 2,500 teu boxships, worth $205m.
- Aznar threatens legal action over Prestige
SPANISH prime minister Jose Maria Aznar weighed into the Prestige incident yesterday, saying last night that Spain would take the necessary "legal and political measures when the right time comes".
- Speed up ship safety measures says Brussels
THE European Commission does not believe that the Prestige casualty raises the need for new European measures to further tighten maritime safety standards, but rather the acceleration and stricter implementation of existing legislation, writes Brian Reyes in Gibraltar.
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| NOVEMBER 18, 2002 |
- Universe backs master's actions
- Frontline shows 3Q weakness
- Military 'would be a disaster'
- Clydeport board backs take-over bid
- Industrialists hit out at owners
- Fireworks shake stricken boxship
- Actinor has no work for cruise ship
- Three years since PSC saw Prestige
- WG&A becomes Aboitiz Transport
- Fjord Line rejoins united Colors
- Italian seafarers to strike
- CMA CGM, P&O Ports to link up
- Pindar safe after grounding
- UAE carrier to raise $120M
- Johor's hub plans taking shape
- Hanjin founder dies
- Prestige captain in custody
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| NOVEMBER 18, 2002 |
- Happy holidays? ILWU exec says West Coast deal could happen by year-end
An International Longshore and Warehouse Union official said that he is "cautiously optimistic" a West Coast labor contract could be in place by late December.
- Providers told to take lead on issues over intermodal equipment safety
A coalition of trucking interests and organized labor is prodding state legislatures to shift responsibility for safe intermodal equipment from motor carriers to the companies that provide chassis, trailers and containers.
- EU in bid for open-skies deal
- Iraq fears spur tanker rate surge
- Record year for Guangzhou
- BNSF, NS roll out transcon perishable service
- Senate confirms STB, FMC picks
- Vastera's Rishi named to Integres board
- Trio of interested buyers for SCI
- P&O to expand Pakistan terminal
- Long voyage for port security bill
- Mixed results for U.S.-Puerto Rico lines
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| NOVEMBER 19, 2002 |
- Mærsk Sealand va aligner six PC de 4.500 TEU sur l’Amérique du Sud côte Est
Une fois de plus ça bouge sur le secteur de trafic Europe du Nord-côte est de l’Amérique du Sud. Cette fois c’est Mærsk Sealand qui prend l’initiative, manoeuvre qui ne va pas sans créer inquiétude et appréhension parmi les autres armements opérant sur cette route, alors que ce marché est déjà très difficile, suite à la déplorable situation économique dans laquelle se trouvent l’Argentine, l’Uruguay et le Brésil. L’armement danois va remplacer ses moyens d’actions en alignant 6 PC de 4.500 TEU, qui remplacent d’une part les 4 unités de 2.800 TEU qui assurent son service propre au départ de l’Europe du Nord, et d’autre part 2 PC de 2.000 TEU qu’il aligne dans un des deux loops assuré avec 6 PC de cette taille par le groupe Hamburg Süd/ALiança/CMA CGM. Mærsk se retire de cette dernière configuration au début de l’année prochaine.
- L’ECG estime que le programme Marco Polo est discriminatoire
Marco Polo, le programme de la Commission européenne destiné à promouvoir les services de transport non routiers, est discriminatoire à l’égard de certains types de transport, dont celui des véhicules finis. C’est ce qui est ressorti des travaux de l’ECG (European Car-Transport Group of Interest), qui a tenu sa conférence annuelle la semaine passée à Prague. Les sociétés de tansport et de logistique de véhicules, y ont constaté que plusieurs développements actuels et futurs, affectant le secteur, constituent des défis importants pour eux.
- Les chargeurs ne veulent pas s’en remettre à la décision de la Commission sur la TACA
L’European Shippers’ Council (ESC), qui s’est toujours opposée au système de conférence, a clairement manifesté son mécontentement quant à la décision de la Commission d’accorder à la conférence Revised TACA (TACA-II) une nouvelle exemption aux règles européennes de concurrence sur base de la directive 4056 de 1986. Selon la secrétaire-générale de l’ESC, Nicolette van der Jagt, un appel contre cette décision fait partie des possibilités, mais son organisation ne se prononcera pas en la matière avant d’avoir étudié en détail le texte de la Commission. L’ESC déclare aussi qu’on ne peut considérer l’approbation de la TACA-II comme un modèle pour les conférences actives sur d’autres marchés.
- Lagermax et V.T.E. signent un contrat de coopération exclusif
L’entreprise de transport et d’expédition néerlandaise V.T.E. de Venlo a resserré ses liens avec son partenaire autrichien Lagermax au sein du réseau 24plus. Des liaisons quotidiennes sont proposées entre Venlo d’une part et Salzbourg, Vienne, Linz et Graz d’autre part depuis lundi dernier. Salzbourg sera éventuellement utilisé comme hub pour les pays d’Europe de l’Est par V.T.E.
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| NOVEMBER 18, 2002 |
- Stena AB returns to high-yield bond market
Firm to take advantage of upturn in bond market to refinance two earlier issues.
- US tops up Coast Guard coffers
US agency will have $6bn to play with next year as the government steps up the fight on terrorism.
- Star Cruises ups returns
Cruise giant improves fortunes on increased capacity, higher occupancy, and cost savings.
- Volgaflot earmarks bond cash for fleet make-over
Russian owner plans capacity increase and upgrade for 67 vessels.
- Spain sets EUR 3m bail on Prestige master
Tanker begins to leak oil again as political row over vessel deepens.
- Interim losses widen at IHI
Japanese shipbuilder hit by strong yen and weak sales at aircraft parts division.
- Frontline renegotiates BP charters
Losses mount but John Fredriksen's tanker giant is hopeful of better fourth quarter.
- Aker MTW in boxship bonanza
German shipbuilder follows partner yard Warnow Werft in securing vital order.
- Master arrested as Prestige deteriorates
Skipper taken into custody for allegedly delaying salvage effort as tanker's condition worsens.
- Clydeport selling out to Peel
Four Scottish ports plus feedership service to be bought by manager of Manchester Ship Canal.
- Wallem tanker refloated off Denmark
No pollution reported from OBO Pindar, which went aground off Danish island of Laesoe.
- Hanjin founder Cho Choong-hoon dies
Transport-focused chaebol chief believed in hard-work and dedication.
- Conrad inks Alaskan ferry newbuilding
Southern United States shipbuilder takes order backlog to record $40m with domestic ro-pax deal.
- Five caught in ITF Aussie campaign
Union blitz rakes in $280,000 in back pay plus wage rises for another 1,000 "underpaid" crew.
- Wartsila and Mitsubishi in engine tie-up
Long-term collaborators to jointly develop new low-speed marine diesel engine.
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