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| AUGUST 21, 2002 |
Shipping News
- Klang's Northport begins terminal 3 expansion
UPPING the challenge to Singapore for regional transhipment volumes, Port Klang's Northport yesterday launched its Container Terminal 3 expansion, which will ultimately boost its annual capacity to 4 million TEUs .
- Manager of S'pore Cruise Centre resigns
- Star orders ship for Norwegian unit
- Vietnam to salvage shipwreck treasure
Air and Land Transport
- Air China upbeat about relaunch of Beijing-NY route
UNFAZED by the financial turmoil in the US airline industry, Air China officials have predicted that their relaunched direct flights from Beijing to New York will be among their most popular yet.
- Qantas suspends shares, may raise A$1b
- Log Book
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| AUGUST 21, 2002 |
- Seaboard acquires Concorde's Central America service
- Cronos posts higher Q2 profits, box lease demand rises
- Shanghai port reports 31pc jump in box traffic
- Manila terminal reports rise in box lifting speeds
- Shanghai opens international sourcing centre
- Evergreen, LT drop Trieste, Singapore on FEM
- KLM expands in Norway, launches Trondheim service
- Boeing begins countdown on first 747-400ER freighter
- Polar grows trans-Atlantic services frequencies
- Air-India okays lease of 2 aircraft
- Delta chairman & CFO affirm SEC filings
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| AUGUST 20, 2002 |
- Schenker acquires Portuguese joint-venture
Schenker AG acquired all the shares of its Portuguese subsidiary company, Biermann-Schenker Transitarios, Lda., with retroactive effect from 1 January 2002 in order to consolidate and expand its position in the Portuguese market.
- Chemical leak Dutch rail cargo
Parts of the central Dutch town of Amersfoort were evacuated Tuesday after a train carrying the very dangerous chemical acrylonitrile started leaking.
- VTG bid on VTG-Lehnkering
VTG Vereinigte Tanklager und Transportmittel GmbH, a subsidiary of Hapag-Lloyd AG, has decided to acquire the outstanding shares of VTG-Lehnkering AG, Hamburg/Duisburg, this year on the basis of a squeeze-out procedure.
- Union coalition to politicians Canada
1000 trade unionists will rally in Vancouver, Canada, later today in defence of Australian jobs.
- Deutsche Post with only 1.5 million euro donation
The catastrophic floods in parts of Germany have plunged many people into disaster - amongst them also countless postal employees.
- Maersk Sealand opens Pier 400
Maersk Sealand held opening ceremonies for its Pier 400 terminal in Los Angeles, billing the 484-acre facility as the largest proprietary container terminal in the world.
- Better result Liverpool port
Mersey Docks said in the six months ended 30 June 2002 turnover continued to improve, increasing by 6.6 per cent to 133 million pound.
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| AUGUST 21, 2002 |
- Kakinada-Marakkanam to be named 4th national waterway
- Petronet LNG may sign GSPA by Aug-end
- Sea Services to introduce new feeder service from August 28 - Colombo-Kolkata-Haldia every fortnight
- Cargomar group pitches for regular cricket tournaments
- IMC seeks product catalogues for display at India Fair in Osaka
- Dumping duty on acrylic fibre from Italy mooted
- German companies scouting for JVs in farm, food processing machineries in India
- Shuttle/less loom imports spurt
- Nepal seeks changes in trade treaty with India
- New single-day granite loading record set at New Mangalore Port
- Minister hands over extended container berth at Chennai Port to CCTPL - Total quayline of 885 metres
- Another berthing feat by Mumbai Port
- m.v. Silver Clipper creates maritime history for Mundra Port
- Rlys haul 12 pc more freight in April-July
- Air Cargo Complex opened in Bangalore - Concor, HAL, MSIL join hands to give trade a better deal
- High-level task force formed to formulate strategy for textile industry’s growth
- No immediate plan to cut Bank Rate
- Govt to relaunch ‘Festival of India’
- Inflation rate declines by 0.19 pc to 2.66 pc
- Capexil to set up brand promotion centre in US
- Core projects investment: CII wants banks to aid private sector
- SMEs seek hike in investment limit
- Mangalore set to become 2nd IT destination
- IMC panel to hold meeting with Polish envoy
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| AUGUST 20, 2002 |
- All quiet in Africa
- Troubled US company seeks exit from Baltic refinery
- WTI crude breaks above $30 ahead of APIs
- Sale of Sri Lanka state supplier to private investor finalised today
- Rotterdam stabilises after morning gains
- Suez enquiries gain some momentum
- High prices equal good avails in Hong Kong
- Brazil bunker prices move after static month
- Split OPEC will keep market guessing on post-September output
- Oil hits one-year high
- Uruguay: demand picks up
- Mixed trends on Canada's East Coast
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| AUGUST 20, 2002 |
- Santa Barbara Airlines Cargo extends its coverage of South America
- Cameroon Airlines appoints European Cargo Services
- Port of Wilmington, NC, handles record volume of breakbulk cargo
- Schenker acquires complete control of Portuguese subsidiary Biermann-Schenker
- Ports of Auckland report strong financial performance and good volume growth
- KLM Cargo to increase its schedule in the next winter season
- Azkar opens new logistics centre near Madrid
- APL Logistics expands its supply-chain business in Chile
- Tenth newbuilding for Arkas
- Leghorn tightens security
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| AUGUST 20, 2002 |
- Star Cruises takes Project America ships
It's official: Star Cruises' NCL is taking the Project America hull and materials
- Bollinger delivers ATB
Bollinger Shipyards, Inc., has delivered DBL101, the first of four double hull, ocean service, oil tank barges to K-Sea Transportation . Bollinger also retrofitted the K-Sea tug TASMAN SEA with a JAK coupler system, creating an ATB unit
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| AUGUST 21, 2002 |
- Star Cruises cuts deal for two Project America hulls
Star Cruises has cut a deal to buy out the two partially-completed Project America vessels from Northrop’s Ingalls shipyard in Mississippi, in a move likely to have dire consequences for the Title XI ship finance programme in the US.
- German yard early with first MoD ro-ro
Hurst Point, the first of a series of ro-ro ships being built for Andrew Weir Shipping, has been delivered ahead of schedule into service for the Ministry of Defence’s Strategic Sealift Service.
- MarAd stipulates US ships must carry military cargoes
THE US Department of Defense has told major defence contractor Raytheon that it must use US-flag ships to carry military cargoes under government contracts, writes John McLaughlin in New York.
- Baltic white knight to rescue Strategic
THE Baltic Exchange is playing white knight to troubled shipbroking software house Strategic, buying up the company for an undisclosed sum.
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| AUGUST 20, 2002 |
- Ambassadors protest Canal toll hike
- NCL lobbies for Hawaii exemption
- Chennai terminal wins praise
- Actinor raises $174M from sales
- Baltic Exchange acquires Strategic
- Megabulker for Brazilian ore
- Ghent, Terneuzen to co-operate
- Caribbeans seek to cure cruise slip
- Manila depot avoids congestion
- Mjellem & Karlsen Verft bankrupt
- USCG extends dobbers hotline
- China to take part in yard talks
- NCL to acquire Project America hull
- Aframax tanker rates plunge
- Marijuana shipment seized
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| AUGUST 20, 2002 |
- Martinair adds Chicago to cargo network
The service, to start Sept. 19, will expand to nine the number of U.S. destinations for the Dutch carrier.
- Horizon upgrades ship-management software
- NYRR posts first-ever quarterly profit
- Lufthansa appoints North American sales agent
- Brazilian airline names new CEO
- Indian container terminal gets room to expand
- Taipei airport area seeks free-zone status
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| AUGUST 21, 2002 |
- KLM Cargo introduit le service fret Liège-Budapest
KLM Cargo introduira le 15 septembre prochain trois vols fret vers Budapest, dont deux depuis Liège. Au cours de la prochaine saison d’hiver, qui débutera le 27 octobre, la division fret de la compagnie aérienne néerlandaise pourra en outre profiter de différentes hausses de fréquence et/ou de capacité. En ce qui concerne le transport de passagers, le marché britannique a fait l’objet d’une attention toute particulière.
- Modeste bénéfice pour OOCL au premier semestre
OOIL, le holding de la famille Tung qui contrôle Orient Overseas Container Line (OOCL), est parvenu à clôturer le premier semestre hors des chiffres rouges, ce que le CFO Nick Sims qualifie “d’excellente prestation eu égard au contexte”. Le président Tung Chee-chen attribue la baisse du bénéfice aux frets peu élevés suite aux faibles contrats de service de l’année dernière et à la surcapacité générale côté offre.
- Kögel jouera la carte de l’innovation à l’IAA
Le constructeur de carrosseries et de semi-remorques allemand Kögel présentera divers nouveaux produits à l’IAA de Hanovre. Il s’agit du nouveau Cargo-MAXX plus, de la semi-remorque bâchée Cargo-MAXXTIR, d’une version légère de la semi-remorque réfrigérée EuroCooler et de la nouvelle génération de semi-remorques à bennes basculantes.
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| AUGUST 20, 2002 |
- Price spike for Tsakos shares
The stock has rebounded from all-time low of $9.42 to $13.35 in less than a week.
- Taiwan Navigation breaks bearish trend
First half net income jumps by 103% from a year ago to $10.08m.
- Cosco Shipping posts income drop
Net income in January-June fell by 28.3% from a year ago to CNY 35.19m.
- Belships sinks further into the red
Norwegian owner struggles to find a chink of hope across its fleet interests.
- Nomadic bullish on reefer revival
Owner optimistic that the reefer market is moving into a better balance.
- Actinor keeps selling
Troubled Norwegian owner disposes of more car carriers and bulkers.
- CSDC talks up second half prospects
Parent company boss Li Kelin says may transfer assets to Hong Kong arm.
- Ryndam in trouble again
The cruiseship has allegedly discharged 250 gallons of partially treated water into the ocean.
- Bergesen scraps VLCC
Norwegian owner sends 1970s tonnage to Chinese breakers in wake of dismal results.
- Baltic Exchange buys Strategic
Indebted shipping software developer to be taken over by freight market.
- NCL details Project America buy
Norwegian Cruise Line has been outlining its plans for the first hull from Northrop Grumman.
- RasGas set to commit to LNG ships
Japanese owners and A P Moller lining up for four new vessels at Samsung.
- Bergen yard goes bankrupt
Mjellem & Karlsen axes 450 jobs after owner rejects capital injection plea.
- MOL opts for new steel in anti-corrosion battle
Japanese owner to test new NKK developed steel type on tank decks of two VLCC newbuildings.
- Austal sees profits double to AUD30m
Aussie fast ferry specialist booked a healthy set of full-year figures despite depressed market conditions.
- Kyokuyo Shipyard in management reshuffle
Tomokazu Okamoto is new CEO at Japanese yard as mid-size builders faces uncertain times.
- Keppel inks Verolme Botlek buy
Expansionist Singapore marine group finalises acquisition of final piece in global presence.
- Northrop sells Project America assets
Norwegian Cruise Line will take over two half-completed ships by 30 September.
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