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| JUNE 20, 2002 |
Shipping News
- Shenzhen ports' throughput soars 49% in first 5 months
CONTAINER terminals in South China's Shenzhen region continue to post surging throughput figures recording a combined 49 per cent year-on-year growth for the first five months this year, solidifying its position as a serious competitor to Hong Kong.
- Tug attacked in Philippines but S'pore owners to continue using route
- Inspection campaign from July 1: MPA
- Trans-Pacific shipping lines fail to restore rates
Air and Land Transport
- LOG Book
- Air controllers' strike causes massive delays across Europe
- SATS looking to US and Europe for joint ventures
- Delta offering first-class upgrades for US$40
- Second black box from crashed CAL jet found
- Olympic Air in need of white knight to stave off collapse
- EasyJet seeks landing slots at Orly airport
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| JUNE 20, 2002 |
- US offers cash for port security
- Seabulk to change owners, seeks fresh credit
- Ecu-Line recruits CargoLine
- PTP sets record in container handling productivity
- Evergreen keeping 20pc of boxes in Singapore?
- Ecu-Line launches transit via Dalian, Qingdao
- Real Time names Williams strategic business director
- Lufthansa, Shanghai Airlines step up co-operation
- Swiss reorganises marketing and communication unit
- US sets 2003 deadline for new flight deck doors
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| JUNE 19, 2002 |
- Cuts and delays due to strikes in Europe
For Wednesday, and Thursday, 19 and 20 June, strikes have been announced in several European countries by, among others, the air traffic controllers in France.
- AAR proposal to boost intermodal
A series of seven modifications to existing transportation policies were proposed today by Association of American Railroads President Edward R. Hamberger so that freight railroads can meet the nation's growing need for intermodal freight services.
- Logistics.com with $8 billion of procurement
Logistics.com said the procurement via its systems reached $8 billion in freight transportation services, '...resulting in more than $500 million in hard dollar savings for customers...'
- Yellow result exceeded estimates
Yellow Corporation announced that second quarter earnings per share, excluding unusual items, will be in the range of $.22 to $.25.
- Approval of 1.4 billion package Alitalia
The European Commission is set to approve a controversial 1.4 billion euro recapitalization programme for Alitalia.
- MOL joins APL West Asia Express
From June 2002, MOL will join APL's West Asia Express service (WAX).
- Lufthansa expects 400 million profit
An operating result of about 400 million euros in the current fiscal year after 28 million euros in the year 2001 was forecast by Lufthansa CEO Jurgen Weber at the 49th Annual General Meeting in Cologne, Germany today.
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| JUNE 20, 2002 |
- OTAL restructures service schedule to avoid port congestion
- ECU-Line takes in CargoLine Switzerland
- 1,000 new containers added to fleet
- E. Asia-Australia freight rates to increase
- Lykes adds Italian ports to Gulf-Med service
- Malaysia’s container traffic soars by 22 pc in first quarter of 2002 - Bintulu Port puts up best show with 64 pc
- Kalmar launches new straddle carrier
- New buoy tender vessel makes navigation safer
- Kalmar to supply 2 Nelcon STS cranes to French port
- BIMCO officers meet in Limassol
- Vietnam to intensify port upgrading
- MSC to use Manzanillo Port as eastern Pacific Hub
- Mitsubishi launches giant cruise ship
- Maritime security expo to be held in New York
- Straddles flow into Durban
- Maersk Sealand adds Cornelia to containership fleet
- Maersk says no plans to leave Kaohsiung harbour
- 2 Italian ports to merge
- "K" Line starts Europe division in London
- Psa Group continues with robust growth at local and overseas terminals
- Johor Port to invest RM60 m on upgradation, expansion
- St Petersburg port, Severstaltrans in joint project to move boxes by rail
- MOL Group opens new China office
- Box rates to go up on Asia-SA west coast trades
- Kobe port handles 20,098 TEUs more in 2001
- HHI to build 4 boxships
- Brian Sondey elected IICL chief
- Panama Canal plans to raise tolls by 13 pc
- Silk exports exceed target in 2001-02
- Pakistan govt slashes import duty on 600 commodities from India
- Rising coir exports help deplete glut of stocks
- Markfed sells 1.4 lakh tonnes of wheat
- Large mills may export 2 lakh t. of paper as prices go up
- Pak to declare Gwadar port a free-trade area
- Export target may prove to be slightly beyond reach, feel economists
- Karnataka charting out export policy
- Chinese help in coal mining sought
- Food processing trade sees better days ahead
- RBI allows exporters to accept payment via credit/debit cards
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| JUNE 19, 2002 |
- OPEC may raise output next week
- API/DOE crude comparison
- Canada East Coast: Demand picks up in Montreal
- Healthy markets in New York and Philadelphia
- New posted prices in Ecuador
- African markets East and West Coast
- African market report from GAC
- Demand sluggish despite competitive prices in Oman
- Fujairah softens in line with weaker crude trends
- Panama Canal: Delays expected due to Canal maintenance work
- Bearish feel to APIs, less so for DOEs
- Bunker operations to be suspended tomorrow in Canary Islands due to general strike
- Brazil: Barge congestion and poor avails
- Bunker prices from Russia and Ukraine
- Suez bunkers come off despite poor avails
- Rotterdam market report from Marine Bunkering
- Mixed Saudi posted prices, avails tight in Jeddah
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| JUNE 19, 2002 |
- MOL joins APL West Asia Express Service
- IRU reminds EU governments of their responsibilities regarding illegal immigration
- Port of Savannah captures USD 1.3 million grant for port security
- "K" Line receives recognition from SC Johnson
- APL completes European management changes
- OOCL announces creation of OCCL (Russia) Limited
- Davies Turner introduces new consultancy service and opens designated export place
- Charleston wins USD 1.92 million in port security grants
- Dole Ocean Cargo Express resumes services to Costa Rica and Honduras
- 5th International transport exhibition TRANSTEC 2002 to be held in St. Petersburg on October 24- 27, 2002
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| JUNE 19, 2002 |
- Cruise merger clears a hurdle
The U.K. Competition Commission has concluded that the proposed merger of Royal Caribbean and Princess Cruises could not be expected to operate against the public interest
- Kongsberg Simrad and ABB in cooperation agreement
Kongsberg Simrad AS and ABB AS have entered a worldwide cooperation agreement on joint marketing, sales and technology development to marine and offshore vessels.
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| JUNE 19, 2002 |
- Northwest maritime facilities net DOT security grants
- Port of Longview hosting Association of Pacific Ports conference
- DOT sets deadline for foreign airlines to install protective flight deck doors
- PMA takes exception to press release warning of lockout
- Portland International Airport continues string of monthly passenger gains
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| JUNE 20, 2002 |
- UK clears Royal Caribbean merger with P&O Princess
The UK government has cleared P&O Princess’s proposed merger with Royal Caribbean Cruise Lines, a decision not only welcomed by the two partners but by Carnival, the hostile bidder for P&O Princess.
- Owners urge third-party cruiseship cover shake-up
A SHAKE-UP in the system of providing third party liability for the world’s cruiseships is to be considered, as owners of less glamorous types of tonnage express fears about having to subsidise potentially massive claims, writes James Brewer.
- FBI launch hunt for al-Qa’eda arms ship
A MERCHANT vessel thought to be carrying up to 40 al-Qa’eda terrorists and a cache of arms bound for Los Angeles is being sought by the US Coast Guard and the Federal Bureau of Investigation, writes David Osler.
- Midttun cleared of breaking share deals rules
NORWAY’S Security Commission is understood to have cleared Det Norske Veritas’ former chief executive, Helge Midttun, of any violation of insider dealing rules relating to the sale of Stento shares to the class society.
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| JUNE 19, 2002 |
- Trico Marine drops ITF lawsuit
- Kidnapped crew member escapes
- Panama ports ruling under threat
- Owners told 'stay in the game'
- Romania: saviour or sweatshop?
- Tonga unclear on Syria boycott
- Leghorn dismisses terror allegation
- China to push for WTO steel panel
- US Army Corps eats humble pie
- HK customs to study box initiative
- Greek seafarers strike to go on
- TI pool to welcome Wah Kwong, Oak
- Bulker detention raises protest
- HK to hold judicial collision probe
- Shipping Corp of India profits drop
- Finnish face bribe allegations
- Bilbao crippled by strike action
- UK approves P&O Princess-RCCL
- Malta denies yard closure plan
- Crew rescued off Somalia
- Chief vows to clean up Cochin
- CSX eyes pan-Australian role
- Singapore tug crew abducted
- Cambodia to probe registry
- Theft hits Nigerian oil exports
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| JUNE 19, 2002 |
- Leaders pledge Homeland trade support
Senior administration officials repeated pledges that trade facilitation will be a priority in the proposed department of homeland security, and that the trade would continue to be heard at the highest levels through industry advisory committees.
- Deutsche Post must pay $543M fine
The European Commission ordered the German postal giant to repay the German government for illegally subsidizing its commercial parcel unit.
- UPS offers contract proposals
Negotiations between United Parcel Service and the Teamsters entered a new stage Wednesday when the company made its initial offer on wages, and pension and health benefits.
- Atlas Air, pilots to resume talks
- Taiwan pledges freer trade at Kaohsiung
- Labor concerns at Indian ports
- Air France cancels freighter flights amid strike
- UPS, PayPal in Web payment deal
- CN, Siemens plan rail control system
- CaroTrans names Italy agent
- Seabulk tabs deSostoa as CFO
- Senate names conferees for security bill
- NY/NJ deepening gets Corp OK
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| JUNE 20, 2002 |
- Chronopost International Belgique et TAT Express Benelux fusionnent
Les sociétés belges des groupes Chronopost International et TAT Express ont fusionné. Elles appartiennent toutes deux à La Poste française, mais étaient administrativement et opérationnellement séparées. Leur fusion permet à Chronopost Belgique d’élargir sensiblement sa palette de services, entre autres en faisant passer la limite de poids maximale de 30 à 70 kg et en pouvant effectuer désormais des livraisons de nuit. Une troisième activité de La Poste en Belgique, DPD Belgium, n’est pas concernée par le rapprochement et demeure indépendante. C’est ce qui a été annoncé à l’occasion de l’inauguration du nouveau centre adminsitratif et opérationnel de Chronopost Internatioal à Zaventem, près de Bruxelles.
- J. Pellens (AGHA): “la distorsion entre ports risque d’être renforcée”
La plupart des premiers commentaires au sujet du résultat de la dernière réunion des ministres des Transports de l’UE à Luxembourg, en ce qui concerne le projet de directive sur le “Port Package”, semblent positifs, alors qu’en y regardant de plus près, on a l’impression que les stratèges de l’UE on placé une bombe à retardement sous la scène portuaire européenne. D’un côté, on laisse aux Etats le soin de maintenir ou non leurs propres législations en matière sociale et de travail. D’un autre côté, on considère que le “self handling” est un droit normal. Si ce projet de texte est finalement adopté dans le cadre d’un consensus entre le Conseil des ministres et le parlement européen,
il y aura non seulement une contradiction avec le but initialement recherché, celui d’un champ d’action commun à tous les ports, mais il y a là le risque quasi certain d’assister à une déstabilisation du marché avec toutes les conséquences que cela peut impliquer.
- Graveleau lance son pôle “euronational”
Pour le groupe français Graveleau, l’année 2002 est placée plus que jamais sous le signe de l’Europe. Désormais contrôlée par le groupe allemand Dachser, la société s’est en effet fixé comme objectif de valoriser les synergies de l’alliance entre Graveleau et Dachser. Cela doit leur permettre de concrétiser deux ambitions complémentaires: être un acteur de premier rang sur le marché européen et acquérir une position de leader sur l’axe France/Allemagne dans les deux sens. Cette stratégie impose des évolutions de l’organisation et s’appuie sur les excellents résultats enregistrés au titre de l’exercice 2001.
- Deutsche Post se voit imposer une amende de 572 mio. d’EUR
Après une étude approfondie du dossier, la Commission européenne a décidé hier que Deutsche Post AG devait rembourser un montant de 572 millions d’EUR pour abus d’aide publique. Ce montant était destiné à soutenir la prestation de services publics, mais DP a utilisé les fonds, selon la Commission, pour mener une politique tarifaire agressive afin d’évincer du marché ses rivaux du secteur privé actifs dans la distribution de colis. Les faits se seraient produits entre 1994 et 1998. DP dément les faits et prétend au contraire avoir versé des milliards aux caisses de l’Etat depuis 1996.
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| JUNE 19, 2002 |
- Container shipping stock under pressure
High vessel supply and newbuildings are pushing down shares of container shipping companies.
- UK clears P&O Princess-RCCL merger
But rival bidder Carnival says there is no reason why it should not gain European regulatory approval.
- Cottew calls for owner-lender co-ordination
Former Osprey Maritime boss spells out his recipe for 'successful' ship finance deals.
- HDW aims to take control of Lisnave
German shipbuilder wants to up stake in Portuguese yard from 20% to 80%.
- Stolt Offshore continues to turn around losses
Offshore shipowner making money again in first half.
- Riga Shipping sells fleet
Latvian and Norwegian partnership appears over as shareholder Th Jacobsen prompts sale of five cargoships.
- Cosco (HK) orders Onomichi quartet
Hong Kong's largest ship owner has contracted further bulker newbuildings in Japan.
- Varna slims debts
Cash used for shipyard buy goes to creditors but outstanding loans are still large.
- Profits falling at SCI
Indian owner posted weaker figures in year to 31 March, as privatisation schedule slips back.
- Zim sale likely to be abandoned
Heightened political turmoil in the Israel-Palestinian conflict kills off investor interest.
- NYK, Iino and Koyo ink methanol newbuilds
Japanese owners confirm time charter contracts with Methanex for Trinidad exports.
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