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| OCTOBER 22, 2002 |
Shipping News
- Hundreds of ships still stuck at West Coast
CONGESTION continues to reign at key US West Coast ports with hundreds of vessels still stranded as legal challenges and industry surcharges loom.
- Asean port officials discuss security, terminal fees
- Ports of Auckland forecasts more container growth
- APLL opens another warehouse facility in China
Air and Land Transport
- Cathay's profit may be hurt by new air agreement
NEWS of the opening of Hong Kong's cargo market to US airlines have not been received well here as the move may hurt the profitability of the city's largest carrier Cathay pacific Airways.
- Three more Japanese suppliers for A380 project
- Virgin Blue eyeing NZ flights next year
- Aussie airline gets go-ahead to fly
- Eurotunnel chalks up rise in Q3 revenue
- Log Book
Features
- More travellers staying grounded for short trips
SECURITY checks, random searches, new airline ticket fees and other hassles since the Sept 11 attacks have kept many people off planes and on the road, particularly for short trips.
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| OCTOBER 22, 2002 |
- Carrefour Korea picks Exel for distribution centre logistics
- HK PMB meets to discuss terminal handling charges
- Ports of Auckland September volume shows double digit rise
- Chennai port charge hike cleared by Tamp
- Evergreen's move to boost PTP's 2002 throughput 18pc
- Asian airline meeting to debate industry direction next
- Northwest reports US$46 m third quarter net loss
- Thai winter schedule to include six new destinations
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| OCTOBER 21, 2002 |
- Eurotunnel reports revenue growth
Eurotunnel plc. reported steady revenue growth from the Shuttle business and strong growth in truck revenue with higher yields and volumes in the first quarter of 2002.
- Coca-Cola selects Manugistics
Coca-Cola Bottling Company Consolidated (CCBCC) is expanding a long-running relationship with Manugistics to include Global Logistics Management solutions, designed to optimize CCBCC's complex transportation network to improve customer service and reduce costs.
- Italia Line adds Fos call
Italia Line has extended its Mediterranean coverage to include a call in France on its Med Pacific Express service.
- Weak third quarter CMB
Belgian shipping company CMB said its consolidated result at the end of the third quarter of 2002 is estimated to be 11 million euro.
- Paris delays Air France stake sale
Francis Mer, finance minister of France, said in a weekend radio interview that the Air France sale, which had been billed as one of the first privatisation deals to be executed by the right-wing government elected in June, would probably happen "in six months to a year".
- Better result CNF
CNF today reported third-quarter net income from continuing operations of $43.6 million or 79 cents per diluted share.
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| OCTOBER 22, 2002 |
- Srivastava optimistic of tonnage tax regime
- US probes imports of Indian flat steel, may impose safeguard duty
- Rice exports cross 3.7 mt in April-Sept.
- S-E Asian importers scrambling for Indian soyameal
- Malaysia seeks further cut in palm oil duty
- Pharma cos swallow bitter doses to enter syrupy US
- Indian, S. African assns sign MoU on auto trade
- Framework for India-Asean trade promotion in offing
- Defence Minister decides to look into Vallarpadam issue
- DHL acquires 30 pc stake in Air HK
- Forex reserves crossed $ 63-billion mark
- MoF considering 2.5 per cent hike in MAT rate
- CII leads initiative to unlock farm sector’s potential
- Forex reserves touch $ 63.932 bn
- Foreign cos show interest in developing Kanpur SEZ
- PHDCCI signs MoU with Brazilian trade body
- Ministry allays fears of steel industry over US move
- Commerce Ministry agrees to provide Aside funds to upgrade seafood testing labs
- MP launches IT city, offers sops to attract units
- Drawback on SAD to be continued for time being, clarifies Rev. Dept
- New umbrella organisation for all export units
- India to take part in Cologne Foodtec fair
- Shroff Memorial Lecture tomorrow
- Bajaj Institute of Learning-crossing sound barriers - Where hearing-impaired are groomed for a better life
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| OCTOBER 21, 2002 |
- Daily Bunker market report from Praxis Energy Agents
- OPEC president dashes hopes for quota redistribution in December
- OPEC considers increased production quota for some members
- We have moved!
- Oil production not affected by Venezuelan strike
- Oil continues downtrend on easing war premium
- Prices drop in Brazil
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| OCTOBER 21, 2002 |
- Highest ever container moves at the port of Balboa
- Sinotrans to axe China-Europe service next year
- CCBCC selects Manugistics for logistics solutions
- Luka Rijeka secures first customer with CMA-CGM Malta Feeder
- EWS expands services from Port of Felixstowe
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| OCTOBER 21, 2002 |
- Propulsion systems: $5 billion market by 2007
Marine propulsion systems are expected to grow to become a $5 billion market by 2007.
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| OCTOBER 21, 2002 |
- Port of Seattle begins Fishermen's Terminal wall upgrade
- Maritime Administration web site helps users locate US flag carriers
- US works deal with Hong Kong for new open skies agreement
- Longview industrial rail corridor nets $2 million check from Cowlitz County
- Washington State Ferries must bring back ticket takers
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| OCTOBER 22, 2002 |
- An ill wind hits Genoa terminal
A burst of ‘sirocco’ could have pushed the multipurpose Messina vessel Jolly Verde into a port crane in Genoa last week. The hot wind, which originates in the Sahara desert and becomes moist while crossing the Mediterranean, is a common hazard for pilots working in the Ligurian port.
- Zodiac exit spells end of Cape International
CONSOLIDATION of the capesize bulk carrier market suffered a severe setback yesterday with the break-up of the Cape International pool after its biggest member walked out.
- Freight Investor Services makes first FFA trade
FREIGHT Investor Services has officially entered the FFA market, with the brokerage founded by John Banaskiewicz and Andy Lucey making its first trade yesterday.
- O’Neil cracks whip on Athens Convention
INTERNATIONAL Maritime Organisation secretary general William O’Neil cracked the whip at the start of the IMO diplomatic conference yesterday warning of the risks of failing to amend the Athens Convention on passenger liability in the next two weeks.
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| OCTOBER 21, 2002 |
- EU-Korea yard dispute goes to WTO
- Guayaquil to dig deeper
- East Africa suffers damaging rates
- UK drug seizures at £90M this month
- Axe to fall on Brazil port workers
- EU allows Malta yard subsidies
- Genoa under pressure to dredge
- SSW workers blame the management
- Italy bows to owners' flag threat
- Chennai to win back lost cargo
- P&O Ports agrees Mundra deal
- Israeli imports hit by strike
- No more shipbuilding at Lübeck
- CMA CGM buys into ro-ro operator
- Kjell Almskog a 'walking disaster'
- Maersk Sealand to fly Tricolour
- Oceana backed by cruise creditors
- Takoradi bids to attract Ivorians
- Mercosul boosts cabotage links
- Asia set for container upsurge
- SembCorp Marine buy-out rejected
- Global Carriers set to re-list
- Laem Chabang to scan boxes
- Korean yards arrest decline
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| OCTOBER 21, 2002 |
- Backlog mounting on West Coast
Congestion grew Monday as ships worked over the weekend were immediately replaced by one or two more vessels arriving from Asia.
- Customs' ACE could be co-opted by new Homeland Security department
The unfinished Automated Commercial Environment is being considered as the host computer system for the proposed Department of Homeland Security, according to Customs officials.
- U.S., Hong Kong agree to expand air services
- Global box fleet breaks 3,000 barrier
- Evergreen completes Malaysia move
- EU warns Britain over U.S. open-skies
- CNF earnings rise
- Air France sale delayed
- Virgin Cargo denies layoff report
- Waterman reviving LASH service
- Exel expands GF-X integration
- World Airways extends Emery contract
- Contship's Croatia terminal signs first customer
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| OCTOBER 22, 2002 |
- Transalliance acquiert les Transports Keulders
Le groupe français Transalliance (Nancy) a procédé à l’acquisition de 100% des actions de la société liégeoise Keulders International (siège aux Hauts-Sarts). C’est ce que nous a confirmé Philippe Michel, président de Transalliance, au téléphone. Il estime que de nombreuses synergies pourront être développées, non seulement avec le reste du groupe en France, en Italie ou en Espagne, mais également avec HN Transport à Anvers (Zwijndrecht), une société qui se trouve de très longue date dans le giron du groupe français. Pour la société Keuders, c’est - probablement - la dernière étape d’une histoire fort mouvementée.
- Le président du BAFI insiste sur une meilleure promotion de Brucargo
Si la disparition de la Sabena est incontestablement regrettable, elle a toutefois été à la base de nouvelles initiatives et s’est traduite par la venue de nouveaux acteurs dynamiques sur ce marché. Et ces derniers doivent être soutenus par les expéditeurs de fret aérien. C’est ce qu’a déclaré Jean-Claude Delen, le président du Belgian Airfreight Institute (BAFI), lors de son discours inaugural de la 8e édition de la nuit de gala organisée samedi dernier par l’association des expéditeurs de fret aérien.
- Bolloré n’entrerait pas dans le capital de Géodis
Le groupe français Bolloré, qui devait prendre une participation dans Geodis via sa branche transports SDV, aurait décidé de ne pas souscrire à cette opération. C’est ce qu’affirme notre confrère Les Echos. Si Bolloré venait effectivement à ne pas participer à la recapitalisation de l’entreprise logistique de la SNCF, celle-ci risque de devenir laborieuse. En effet, ce seraient uniquement les actionnaires actuels qui devraient contribuer à la recapitalisation. Ce qui, entre autres pour la SNCF, ne serait pas évident.
- L’URS va investir 147 mio. d’EUR dans une nouvelle flotte
L’Union de Remporquage et de Sauvetage URS) se porte mieux. Le lancement la semaine dernière au chantier naval danois Orskov Staalkibværft du puissant remorqueur “Union Manta”, a été l’occasion pour la direction de faire le point sur l’évolution de l’entreprise, qui a renoué avec les chiffres noirs et consolide désormais ses positions. En effet, à l’issue du premier semestre de l’exercice en cours, le CA de 24,76 mio. d’euros (inférieur de 50% par rapport à 1997) a laissé un résultat positif de 3,4 mio. d’euros tandis que le cash flow se situait à 7,12 mio. d’euros. Pour la fin de l’année, ces résultats devraient se présenter comme suit: respectivement 48,42 mio. d’euros, 6,34 (bénéfice doublé par rapport à 2001) et 12,86 mio. L’heure est au renouvellement et au renforcement des moyens d’actions, ce qui implique, en dehors du remorqueur précité, un programme d’investissements de 112 mio. d’euros à répartir sur 5 ans et que l’URS financera en grande partie avec ses propres moyens.
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| OCTOBER 21, 2002 |
- Cape International to be dissolved
But Benoit Timmermans says Bocimar hopes to continue play with existing partners.
- S&P cuts American Commercial Lines' ratings
The US barge operator's operating performance is seen below expectations.
- Panama hikes canal toll revenues
This is despite slowdown in oceangoing transits for fiscal 2002.
- Tanker firms expect worst results
Third quarter financial results of Stelmar, OMI, Genmar and Teekay are to be the worst in past 24 months.
- ITF turns attention to Latin America
International Transport Workers' Federation hopes to replicate Asian success in Latin America.
- Zodiac pulls capesizes from Bocimar pool
Is this is the end for Cape International.
- AP Moller pension anger
Danish shipping group under fire over seafarers retirement benefit.
- WG&A goes into reverse
Philippine ferry owner hit by higher costs in third quarter.
- Lower rates hit Solvang
Poor third quarter almost wipes out net profit at Norwegian gas carrier owner.
- Fesco fishing for Prisco link-up
Russian bulker owner targets "consolidation" with tanker owner - but rules out takeover.
- Tsavliris loses Great Peace appeal
Greek salvor must pay charter hire of Good Samaritan bulker.
- Singapore tightens port security
Maersk ship searched in Florida as Limburg blast prompts approaches worldwide.
- Japan signs up for Russian crude
Top refiner signs up for "trial" crude shipment in bid to cut reliance on Middle East supplies.
- Q Ship gambles on a second LPG ship
Korea's STX adds another gas carrier to its newbuilding orderbook.
- Chinese breakers hunger for tonnage
Demolition buyers in China pay top price for Pielstick-engine powered tanker.
- State sets price for reefer fleet
Buyers must find $18m for Lithuanian owner Klaipeda Transport Fleet.
- SembCorp Marine delisting plan fails
Singapore shiprepair firm to stay public after shareholders narrowly reject privatisation plan
- P&O pockets a million for Scottish ferry
Estonian ferry operator Saaremaa paid $1m for St. Ola.
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