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| JULY 22, 2002 |
Shipping News
- Japan yards report record orders for quarter
THE seven main yards in Japan - the world's second-largest shipbuilder after South Korea - have reported orders in the first fiscal quarter higher than at any corresponding time since 1996.
- Shenzhen emerges as hub for sea trade
- Ships meet protest flotilla in Tasman Sea
- Two ships distressed in high seas off S. Africa
Air and Land Transport
- US airlines cut fares up to 40% in panic mode
AMERICAN Airlines, United Airlines and other major US carriers slashed fares as much as 40 per cent to lure travellers, a move that may add to industry losses that exceeded US$1.4 billion in the second quarter.
- Airbus upbeat ahead of show at Farnborough
- Boeing awarded US$23m US air security contract
- Virgin Atlantic seeks 3rd weekly flight to India
- N. Korean pilots' friendship wave
- Log Book
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| JULY 22, 2002 |
- OOCL launches direct Setouchi - Haikou service, expands
- Marseille container negotiations open
- Jaxport gets new director of Latin American sales
- Air NZ keeps Airbus well on delivery track
- America West to serve 5 new cities
- Continental Airlines reports $35m second quarter loss
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| JULY 19, 2002 |
- Positive trend DaimlerChrysler
In the second quarter of 2002, DaimlerChrysler said it continued the positive trend of the first quarter, despite the generally difficult market conditions.
- Good result Southwest
The strength of low-cost airlines during the slowdown, was underlined as Southwest Airlines reported a $102 million second quarter 2002 profit, in contrast to bigger US rivals, such as American, which have reported heavy losses this week.
- Loss for result Northwest
Northwest Airlines Corp reported a second quarter net loss of $93 million or $1.08 per common share.
- Danzas' names US security director
Danzas named Arthur G. Arway to the post of Security Director, Americas and will be based at the North American headquarters in Newark, NJ.
- Laccona from EGL to Italian forwarder
EGL's coo Giorgio Laccona has left EGL Inc. to become president of Italian-based forwarder Savino Del Bene USA Inc. Laccona (44), joined EGL in December 2000 as chief operating officer-international, but said he left the company on July 6 because his family did not want to move to Houston, where EGL is based.
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| JULY 22, 2002 |
- Kochi firm seeks to enter inland waterways sector via JV with IWAI
- EU may compensate Indian textile export trade for giving better deal for Pakistan
- Gems, jewellery exports may rise in July-Sept.
- Bangla bans Indian milk powder, sugar via 6 land routes
- 30 pc rise in IT exports projected
- Euro lures jewellery exporters to EU countries
- Kenya beckons Indian entrepreneurs
- Coir products record 19 pc growth during April-June
- WTO disputes panel slam US anti-dumping law on steel imports - Victory for 11 complainant countries, including India
- Philippines buys more rice from India
- India may sign MoU with Bangladesh for limited gas supply
- Vizag Port Trust board revamped
- Capacity of berth-8 at Tuticorin Port to treble
- Major Ports register 16.5 pc growth in traffic during April-May
- 2 new rail zones to be operationalised from Oct. 1: Nitish
- Concor, Transworld Group to join hands for seamless logistics solution - Ex-ICD Nagpur to Bangladesh direct via Haldia Port
- Petronet plans to construct another Kandla-Bhatinda pipeline
- IOC to supply petro-goods to Positra SEZ
- Phase I of Vizag SEZ to be ready by 2003
- MIDC decides to invest Rs 5 cr. in Nagpur international cargo hub project
- Foodgrains exporters reap a bonanza
- Import of low caratage gold may be allowed: DGFT chief
- Kalam right man for President: Fieo
- Vice-Chancellor moots skills-oriented studies at ‘Careers Unlimited’ seminar
- US eases tariff curbs on 14 more steel products
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| JULY 19, 2002 |
- Daily Bunker market report from Praxis Energy Agents: Friday
- Poland: Bleak prospects for the return of Porta Baltic
- OPEC faces up to Russia
- Ecuador: Navipac S.A. celebrates 50th Anniversary and ISO 9002 Certification
- Prices rise as bunker avails tighten in Tokyo Bay
- Australia: Changes after company takeover
- Daily Bunker market report from Praxis Energy
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| JULY 19, 2002 |
- Breakthrough for Smedvig
$73 million deepwater contract for semi-tender
- Aid for Polish yards
The Polish government has come to the aid of its battered shipbuilding industry
- Loy to head TSA
Former Coast Guard Commandant James Loy is to succeed John Magaw as head of the new Transportation Security Administration
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| JULY 19, 2002 |
- Hanjin begins new service linking Chinese ports to Portland
- Oil Spill Task Force announces Legacy Award winners
- Magaw steps down, Loy steps in as Under Secretary of Transportation for Security
- Carload and intermodal rail counts continue up during week
- FAA looks to Boeing for airspace security concepts
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| JULY 22, 2002 |
- Lightning sparks Escravos blaze
A huge fire that broke out at ChevronTexaco’s main export terminal in Nigeria on Saturday was under control yesterday.
- Owners and shippers unite against Panama transit toll hike
Shipowners and exporters from South America have slammed plans to raise Panama Canal tolls by up to 16% at a time when global economic recovery is in doubt and freight rates are languishing at loss-making levels.
- Optimism over $1bn LNG deal lifts Samsung share price
An injection of "gas" has lifted Samsung Heavy Industries’ share price last week, writes Tony Gray.
- Cosco and Evergreen in union battle
THE US divisions of Cosco and Evergreen are battling an aggressive unionisation drive by the International Longshoremen’s Association AFL-CIO, the trade union that represents dockers along the US east coast, Great Lakes and Canada.
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| JULY 19, 2002 |
- Rio cleans collision spill
- Outgoing minister faces dilemma
- Lanka launches new bunker supplier
- Icebreaker nears trapped Magdalena
- Miami busts document-forging ring
- US union targets Cosco employees
- Expanding stevedore seeks investors
- Colombo to cut workforce by third
- Marseilles boosts hinterland links
- Basque tonnage tax this autumn
- Larnaca redevelopment closer
- Nino master to be airlifted ashore
- HBOS emerges as Brilliance lessor
- Crude Ocean deaths investigated
- New Libaek design finds interest
- Food aid vessel on the rocks
- Philippines tackles smuggling
- EC clears SNCM restructure aid
- Concor imposes congestion surcharge
- France in the dock over asbestos
- Extra security funding for US ports
- China to study US box initiative
- ILWU clarifies stand on technology
- Global Carriers set for debt deal
- Grounded ANL boxship refloated
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| JULY 19, 2002 |
- Talks resume for West Coast labor, employers ahead of ILWU meeting
But it's unlikely the International Longshore and Warehouse Union will have a contract proposal in hand when it convenes a caucus in San Francisco on Monday.
- United parent has $392M loss
Capping a week of dismal earnings reports from the nation's airlines, UAL Corp. said it lost $392 million, or $6.99 per share, in the second quarter.
- Laccona quits EGL
Giorgio Laccona is named president of Italian-based forwarder Savino Del Bene USA Inc.
- Record orders for Japan shipyards as Korea slumps
- Matson reduces Sea Star stake
- Profits off, USFreightways will sell forwarding unit
- Yellow Corp. profits better
- Panalpina appoints new CFO
- More exemptions for imported steel
- Atlas adds 2nd 747 freighter
- More port privatization coming: ICTSI exec
- Swiss WorldCargo signs with GF-X, others
- USCO wins JC Penney contract
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| JULY 19, 2002 |
- CMB suffers net loss
Belgian owner posted second quarter losses in dry bulk, tanker and gas sectors.
- EC approves SNCM rescue
A $23m loan to keep Mediterranean ferry line afloat gets the green light.
- Two buyers bidding for Halter Marine
Auction results for Halter Marine are expected on 23 July.
- Small-cap fund targets OMI shares
New York-listed OMI stock trades less than book value.
- OOCL goes direct to Haikou
Hong Kong container line claims a first for its service to Chinese port.
- Final contenders vie for Irving VLCCs
Shortlisted buyers inspect second of two large single-skin tankers that are up for grabs.
- Costis Peraticos suspect in custody
Alleged member of November 17 terror group "confesses" to part in Greek shipowner's murder.
- Salvage team prepares to refloat Nino
Weather improving as giant Smit tug heads for Columbia tanker grounded off South Africa.
- Nenaco edges into the black
Philippine ferry owner makes slim quarterly profit after series of big losses.
- Petrobras pushes out old tonnage
Brazilian owner puts suezmax up for offers as it renews its fleet with newbuildings.
- ANL boxship refloated off Australia
Hull of ANL Excellence intact and no other damage reported after grounding incident at Brisbane.
- Two dead in Greek tanker incident
Steam burns seamen as Metrostar aframax sails off Venezuela.
- Tanker Pacific ship held in UK
Port state control inspectors log 14 detentions during June.
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