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| AUGUST 23, 2002 |
Shipping News
- PSA's Belgian unit risks losing biggest customer
PSA Corporation's newly acquired Belgium terminal operator Hesse Noord Natie risks losing its biggest customer, Mediterranean Shipping Company , because of legal wrangles which continue to plague the expansion of the Port of Antwerp.
- Panama Canal tolls to increase
- Keppel's fast-track job
Air and Land Transport
- SIA, Asian carriers defy downturn with better profits
AS US Airways filed for bankruptcy protection and other industry giants announced cutbacks to cope with mounting losses this month, Singapore Airlines inaugurated a new service between Singapore and Las Vegas.
- Australian Airlines expects to profit from low-yield routes
- Concern raised over Star's stability
- Anthrax scare at Miami airport
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| AUGUST 23, 2002 |
- Hanjin relocates to Long Beach new mega box terminal
- Norasia deploys the Engaldina, CCT honours her
- New box train system links up Hamburg, Bremerhaven
- Jardine Logistics secures NVOCC licence in China
- K Line introduces computerised box stowage system
- Continental grounds aircraft, makes 100 changes
- Air Macau flies to Singapore
- UPS names new president for retail services unit
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| AUGUST 22, 2002 |
- NOL: Flemming Jacobs not quitting
Neptune Orient Lines, which is expected to announce huge losses, dismissed market rumors that its chief executive, Flemming Jacobs, would be leaving the national shipping line.
- LanChile introduces daily JFK-Lima service
LanChile is once again expanding its service from New York to South America.
- Full freighter service Martinair to Chicago
Martinair, the Dutch charter airline, is to introduce a twice-weekly full freighter service between Amsterdam and Chicago.
- Continental to Ground 11 Planes
Continental Airlines is cutting capacity in order to combat an industry downturn.
- TMM with North America-Africa service
TMM Lines launched a multi-purpose service between the East Coast of North America and Africa, operating once every two weeks.
- US West Coast growth in July
US West Coast ports in July 2002 reported strong growth in import of containers: Long Beach had a 20 percent increase, Tacoma 31 percent, Los Angeles 9.15 percent compared to July 2001.
- PSA, Evergreen discus volumes
Singapore's container terminal PSA is in talks with Evergreen Marine on how much throughput will be handled in Singapore just as the Taiwan shipping line moves the bulk of its operations to the Malaysian Port of Tanjung Pelepas (PTP).
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| AUGUST 23, 2002 |
- Transpacific trade lines poised for intensive campaign to raise freight rates - Asia-US box volumes up by 17.5 pc in first six months
- Maersk, Evergreen eye Xiamen terminals
- OOCL expands Japan, Greater China services
- First direct Cambodia-Indonesia route started
- APL Logistics starts operations in Honduras
- PSA Corp announces $ 1-m plan for upgrading haulage-related services
- Montreal Port sees increase in box volumes this year
- Johor poised to complete another speciality terminal by January next year
- Port of Le Havre betters container traffic record third time in a year
- Transhipments up by 3 pc at Amsterdam ports
- Daewoo first foreign firm to build harbour in China
- Maersk Sealand opens largest-ever box terminal-Pier 400 in LA
- Thailand invites bids for new container terminal
- Port Klang is cheaper than Singapore
- Singapore sets aside land for 20 more berths at Pasir Panjang
- Kuantan Port set to open first dedicated box berth
- Box volume up at Port of Houston
- P&O Princess Cruises’profit increases by 5.6 pc in Q2
- MSC joins US Customs security initiative for carriers
- Safmarine deploys Zambezi-America Express
- TT Club strengthens management team
- Simulators for Panama Canal
- Saudi ports cut rates for boxes
- RCL sees profits shooting up this year
- Definitive anti-dumping duties on POY imports from S. Korea, Turkey mooted
- Machine tool trade eyes Italy, Germany
- 4,000 t. sugar sold to Lanka
- JNPT invites global requests for qualification - Marine chemical terminal project
- Ahmedabad cargo complex to be ready by March next
- Continental Carriers, Hellmann Worldwide join hands to offer best logistic solutions
- Export obligation on car producers off
- Experts to look into requests on services
- Led by cement, 6 core sectors register 9.3 pc growth in July
- India ranked 6th on retail development index, global giants eye market
- Andhra Pradesh to set up 4 industrial clusters
- External debt put put at $ 98.4 bn in 2001-end
- Knitwear complex for Palakkad
- CII, MSEB, state govt join hands on power reforms
- Govt bans domestic sale of ‘export’ rice
- Ascon survey sees manufacturing sector springing back on growth path
- Ahimsa silk sarees for the soft-hearted
- WTO talks should narrow trade imbalance: Rudy
- Gist of public notices/circulars/notifications - Compiled By M. Sreedharan
- V. Thiagarajan is new Forex Assn. Secy.
- PM to open world textile meet
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| AUGUST 22, 2002 |
- Daily Bunker market report from Praxis Energy Agents
- Firm ARA has a hectic day
- Singapore at 2-year high on grim supply outlook
- Canary Islands hold firm
- Demand picks up in Istanbul
- Italian market beats down on a bearish tack
- African market report from GAC
- Demand picks up in Gibraltar
- Firm Rotterdam market
- Piraeus summer squeeze seems to ease
- Ecuador price changes today
- Bunker market update from Argentina
- Houston operations back to normal after HOFTI fire
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| AUGUST 22, 2002 |
- TNT Post Group's profits fall
- TMM Lines launches North America-Africa Service
- TMM Lines appoints agent in Africa
- Dragonair posts substantial gains in July
- Columbia Coastal Transport Expands Project Lift Capabilities to U.S. Gulf
- Bargelink adds new module
- Saudi Arabia's government gives the go-ahead for Jeddah-Dammam railway
- DFDS Transport GmbH opens branch in Duisburg
- Sertrans expands logistics facilities
- Schenker's fast turnarounds bring Commonwealth Games to successful conclusion
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| AUGUST 22, 2002 |
- Department of Transportation Oks Seattle's Central Link rail project
- Port of Port Angeles starts Ediz Hook dock repairs
- "K" Line computer program plots best way to fill containers
- Corps of Engineers dredge ruptures hydraulic line in Columbia
- Mitsui opening U.S. office to explore natural gas business
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| AUGUST 23, 2002 |
- Owners rebel over cost of guards
SHIPOWNERS are uniting against being forced to bear the cost of port security. The expense of posting security guards at ships’ gangways to keep crews from shore must be borne by ports, two influential industry organisations have demanded.
- ECSA urges EU unity rather than bilateral deals
European Union member states should strike a common position on maritime security issues rather than rushing off to sign ‘clever’ bilateral accords with the US, according to the president of the EU shipowners’ association.
- Researchers put nuclear detection methods under the microscope
SCIENTISTS are investigating ways of detecting nuclear materials hidden inside containers, writes Janet Porter.
- Canal toll hikes to be staggered
PANAMA’s cabinet has responded to widespread international concern over sweeping changes to the Panama Canal toll regime by staggering proposed one-time price hikes over the course of the next year, writes John McLaughlin.
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| AUGUST 22, 2002 |
- Kværner 'concerned' about orderbook
- US posts final steel tariff list
- Germany, Philippines close to deal
- Dilemma for cruise ferry operators
- Ports drive Hutchison Whampoa
- Conferences hike eastbound rates
- Have your say!
- Agents warn of people smugglers
- Western growth boosts China's south
- Geraldton directors face grilling
- Austal needs to secure order
- Banks lean on Norwegian investor
- Tahiti raises funds for new port
- Chile denies privatisation freeze
- Dockers threaten Ashdod strike
- Superfast calls on Scots truckers
- Petronet selects port builder
- Cruise ferry tender approved
- Petrobras seeks right to reply
- Jacobs not quitting NOL
- HHI's Chung to bid for presidency
- Panama announces two-phase hike
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| AUGUST 22, 2002 |
- Panama hikes Canal fees
The rate increases, imposed despite opposition from shipping companies, will be staggered, with an initial 8 percent increase taking effect on Oct. 1 and another 4.5 percent increase in July 2003.
- Customs set to open C-TPAT to intermediaries
Starting Monday, the agency will take applications from brokers, forwarders and non-vessel-operating common carriers for the Customs-Trade Partnership Against Terrorism.
- Weekly rail freight hits high for year
- Cost-cutting boosts operating profit at Lufthansa Cargo
- War-risk surcharge dropped in India
- India, Pakistan ports get new feeder services
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| AUGUST 23, 2002 |
- AirRep lance des vols fret réguliers entre Liège et la CEI
L’opérateur de fret aérien britannique AirRep lancera la deuxième semaine de septembre trois vols hebdomadaires entre Liège et Moscou-Sheremetyevo. L’entreprise alignera dans ce cadre son deuxième, et nouvel apparel fret Tu-204C. L’accent de ce service sera placé sur le fret en direction de l’Est, déclare le managing director d’AirRep, Andy Lewis.
- Smit International se recentre sur ses activités de base
“Nous allons nous recentrer sur les domaines où nous occupons les positions les plus fortes et où nous disposons du savoir-faire nécessaire.” Le CEO du groupe néerlandais de remorquage et de renflouage Smit International, Ben Vree, a confirmé la nouvelle orientation stratégique du groupe à l’occasion de la présentation des résultats semestriels. Le groupe avait déjà annoncé son intention de se reconcentrer sur ses activités de base.
- L’organe allemand de supervision financière veut enquêter sur Thiel Logistik
Bafin, l’organe allemand pour la supervision des transactions financières, envisage de mener une enquête sur l’annonce de la révision à la baisse des bénéfices publié par Thiel Logistik il y a un mois. L’instance gouvernementale veut vérifier s’il est question de manipulations du marché et du commerce au sein de l’entreprise.
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| AUGUST 22, 2002 |
- Ukrainian shipyards eye new tanker orders
Caspian Shipping Company is seeking to boost tanker fleet size by two.
- First Steamship to enter ship management
The bulk carrier company plans to introduce cheaper Chinese crew to Taiwanese shipowners.
- Lund talks up Kvaerner
Boss Helge Lund says "boring" image better than "sexy" but non-profitable project approach.
- Death onboard UK-flagged cable ship
UK Coastguard found one dead crewmember on Wave Sentinel on Thursday.
- Odfjell chalks up refund payments
Norwegian owner gets cash back on Szczecin tanker newbuildings.
- TMM to begin new debt facility
The new debt programme of up to $500m will refinance existing obligations.
- DFDS sails into the red
Danish owner bullish maintaining year-end profit forecast.
- Panama Canal to raise tolls
The canal toll increases will be staggered, with first phase to begin on 1 October.
- Brokers shying away from bonus-based pay
Recruitment consultants say brokers can expect much lower bonuses in 2002.
- Solvang profit slides
Norwegian owner takes hit as gas markets stay flat or weaken across all sectors.
- Tsuneishi unveils 80,000-dwt panamax
Japanese shipbuilder becomes second yard to offer larger panamax design to shipowners.
- World-Wide hooks up VLCC to Petrobras
A 1990s-built tanker pulls in time-charter rate in the low $20,000 per day range.
- Shareholders back MOL share buyback
Japanese owner has received investor approval to snap up shares for its director's stock options.
- NOL scotch Jacobs departure rumours
Singapore market makers speculate on Flemming's future in advance of next month's interims.
- China crude imports jump 19% in July
Tanker traffic increasingly one way as imports of oil rise and exports of domestic crude slow.
- Japan's order intake eases in July
After a strong start to the fiscal year Japan's major yards saw a cooling off in newbuilding demand.
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