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| OCTOBER 23, 2002 |
Shipping News
- Asean ports plan shared database to boost security
THE seven member nations of the Asean Ports Association plan to enhance regional maritime security by developing a shared database of vessel, cargo and shipper particulars, headed by Singapore.
- Change term 'terminal handling charge' please
- Shanghai starts building Yangshan deep-water port
Air and Land Transport
- United Air to lay off 1,250 workers
UNITED Airlines parent UAL Corp, the world's second biggest airline, said it will lay off 1,250 workers, or about 2 per cent of workers, in a plan to save US$100 million a year and shrink the carrier to fit lower demand.
- DHL launches time-definite delivery service in S'pore
- Prices of secured debt of US airlines hit record lows
- Log Book
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| OCTOBER 23, 2002 |
- Landstar System reports best third quarter earnings
- China Shipping launches largest mainland boxship
- Elogex gets US$17m funding from Fenway Partners
- Boeing Q3 net earnings US$375m, revenue $12.6m
- United to cut 1,250 jobs as part of cost-cutting
- TNT Express launches pre-arrival clearance system
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| OCTOBER 22, 2002 |
- 1,250 people exit at United Airlines
United Airlines announced a series of measures that will save the company approximately $100 million annually.
- ILWU angry about lock-out
'The employers' opening contract demands made on the ILWU in May, taken in whole or in part, were nothing less than a surrender document.
- Major expansion terminal Eurotunnel
Eurotunnel, the market leader for cross-Channel truck traffic, marks the completion of the infrastructure stage of its 230 million pound development programme to significantly expand truck capacity.
- Rotterdam closes huge ICT-initiative
Rotterdam's Municipal Port Management is shortly to disband Port Community Rotterdam/Rotterdam Internal Logistics (PCR-RIL).
- Mixed results Yellow
Yellow Corporation announced third quarter 2002 income from continuing operations, excluding unusual items, of $.37 per share, up 95 percent from $.19 per share in the third quarter of 2001.
- EU approves acquisition of DHL
The EU Commission approved Deutsche Post World Net's purchase of Lufthansa Cargo's shares of DHL International, and thus an increase in ownership to over 75 per cent.
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| OCTOBER 23, 2002 |
- SCI gets 3 months extension to hold AGM
- Caustic soda comes under dumping probe
- Sugar exports soar to 1.45 mt in 2001-02
- Handloom exports may rise by 20 pc in 2002-03
- New Mangalore Port achieves 25 pc growth in traffic during H1
- Truckers threaten to stop booking of goods in phases from Nov. 8 to 12
- SilkAir flights to Hyderabad
- Railways haul 7 pc more freight in 1st half of 2002-03
- Sub-contracting, job work mode in EOUs streamlined
- CII-McKinsey study moots import duty cuts, removal of SSI sops to revive manufacturing sector
- RBI expedites forex applications
- 13 Indian cos in Forbes list
- New website to reveal tax proposals
- 25 pc growth likely for aluminium packaging trade
- IACC study lists impediments to smoother, higher inflow of foreign investment
- Malaysia keen on tie-ups with Andhra
- Jaswant Singh may lower peak customs duty by 5 pc
- 6 core sector industries register 6 pc growth in April-September
- Tirupur exporters seek ASIDE funds to improve link roads
- No jute buying limit for JCI
- Resources centre for Tirupur knitwear industry planned
- Exports post 15 per cent growth in April-July 2002
- Exports from AEZs reach 34 pc of target
- IMC interaction with M. P. Pinto on Friday
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| OCTOBER 22, 2002 |
- Panama: Lane outage works not expected to disrupt activity
- St Petersburg: MDO defies European trend
- Comparison of 500 cSt fuel with 380 cSt fuel
- Daily Bunker market report from Praxis Energy Agents
- Demand still high in Tallinn as prices drop quickly
- Prices soften in the Great Belt
- Russian crude to Japan after 25 year gap
- China seeks coal-to-oil technology from Sasol
- Crude and Platts keep Fujairah's downward motion consistent
- Refinery problems persist in Suez
- Crude slips further after heavy losses
- Bearish crude pulls down Hong Kong's numbers
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| OCTOBER 22, 2002 |
- Jeddah Service Group (JSG) introduces extra risk surcharge
- Cargologic AG becomes the majority shareholder of Handling Partner
- Exel's airfreight systems to integrate further with GF-X
- DFDS Seaways plans to resume the Cuxhaven-Harwich service in April 2003
- APL and APL Logistics win further recognition for "IT Excellence"
- Mediterranean Shipping Company Enhances Services
- Advanced Technologies Group and CargoLifter sign agreement on new airship models
- Munich Airport's air cargo volumes increase
- China Southern Airlines to start new service from Los Angeles to Schanghai
- «Superfast XII» ferry handed over to Attica Enterprises
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| OCTOBER 22, 2002 |
- Audit of USCG capital spending
The Office of Inspector General (OIG) of the U.S. Department of Transportation is initiating an audit of the U.S. Coast Guard's capital investments.
- New IMO sewage rules
Another deadline. Another certificate to be carried on ships.
- EU goes to WTO
The European Union has taken the first formal step against Korea in bringing a WTO proceeding alleging unfair shipbuilding practices
- Fire damaged newbuild drydocked
Mitsubishi Heavy industries has towed Diamond Princess to a dry dock
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| OCTOBER 23, 2002 |
- Nottingham gets a lift for journey home
The HMS Nottingham was slowly lifted on to Docklift’s 1981-built, 32,650 dwt heavylift ship the Swan yesterday, bearing a huge gash where it tore its hull on rocks off Australia’s east coast.
- Lines in battle to relax Jones Act
CONTAINER lines caught up in the US west coast labour dispute are pressing for a temporary relaxation of the Jones Act so foreign-flag ships can move cargo between US ports.
- Diamond Princess blaze leaves MHI burnt for $64m
Mitsubishi Heavy Industries is expected to suffer a stinging ¥8bn ($64m) loss from the fire that gutted the Diamond Princess cruise ship.
- Improved library on lloydslist.com
THIS week sees the launch of the new lloydslist.com News Library, allowing subscribers access to more than 250,000 articles at the click of a mouse, writes Mark Warner.
- China detains South Korean ships
China briefly detained three South Korean ships in the port of Ningbo for violating the ban on cross-straits shipping, writes Matthew Flynn in Hong Kong.
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| OCTOBER 22, 2002 |
- Opposition ends Limon plans
- French rule left ro-ro stranded
- Hauliers demand cargo protection
- Prisco's Kirilichev repels boarders
- Famine shipments need better flow
- Police move in at North-Western
- Brazil may relax crew restrictions
- Auckland faces wait for dredging
- Brazil wants its empties back
- Smit to shed URS stake
- Fewer ships, higher rates at Aqaba
- US-flag service on MarAd website
- MOL now top LNG carrier operator
- Japan seeks cabotage easing
- Spain wins China's 'Olympic port'
- Nego Kim report urges ISM action
- Indian seafarers offered protection
- Return of the Jeddah surcharge
- Altenwerder to open this week
- Athens Convention needs compromise
- Seafarer crisis now a priority
- Further turmoil for Tonga flag
- DFDS unveils North Sea plans
- Silja chief exec designate to leave
- Bulker crew airlifted to safety
- EU-Korea yard dispute goes to WTO
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| OCTOBER 22, 2002 |
- Mediators tour West Coast ports; an extension for Taft-Hartley in the works
Federal mediators got a first-hand look at cargo-handling at the Port of Oakland in preparation for a resumption of contract talks between employers and union longshoremen.
- Domestic troubles hit UPS profits
United Parcel Service posted weaker profits in the second quarter as a downturn in its core domestic package overshadowed a turnaround in its international parcel operations.
- Asia ports will handle 100M TEUs by 2015
- Ocean carriers call for Canada port reform
- EU approves Deutsche Post DHL buy
- Panama Canal sees box traffic surge
- Canadian Pacific sees strong 3Q
- Reports: Hutchison in Le Havre talks
- Pitney Bowes selects Danzas for global SCM
- MSC offering U.S.-S. Amer.-Caribe services
- Carrefour Korea chooses Exel for logistics center
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| OCTOBER 23, 2002 |
- Norbert Dentressangle acquiert (sous condition) Stockalliance
Le groupe français de transport et de logistique Norbert Dentressangle a annoncé le rachat de la société de logistique Stockalliance, mise en vente par le Comité de Réalisation (CDR), c’est-à-dire l’organisme chargé de réaliser les actifs du Crédit Lyonnais, le CDR. Pour Dentressangle, cette acquisition va donner une forte impulsion à ses activités dans l’entreposage et la logistique. Celles-ci représentent aujourd’hui un chiffre d’affaires sur base annuelle d’environ 330 mio. d’EUR. Avec Stockalliance, elles passeront à plus de 430 mio. d’EUR.
- Deutsche Post peut prendre le contrôle absolu de DHL International
La Commission européenne a approuvé l’accord par lequel Deutsche Post AG obtient le contrôle absolu de DHL Internatioal, l’entreprise de services express mondiaux officiellement implantée aux Bermudes. Selon Mario Monti, le commissaire européen compétent en matière de concurrence, l’accord n’influencera pas ou peu la concurrence existante sur le marché pour ce type de services puisque Deutsche Post AG entretenait déjà des rapports étroits avec DHL International, qui est sous le contrôle de DP et de la compagnie aérienne allemande Lufthansa à l’heure actuelle.
- Fednav renoue avec le marché des panamax
Grand spécialiste des Grands Lacs, le groupe canadien Fednav International réaborde progressivement le marché des panamax. Il aligne actuellement 9 unités de ce type, dont 3 affrétées à long terme et 6 à court terme. Rappelons qu’en 1999, Fednav s’était déssaisi de sa participation majoritaire dans la compagnie Navios dont les activités étaient axées sur les panamax. Depuis quelques temps, le groupe redéveloppe ce secteur.
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| OCTOBER 22, 2002 |
- Stelmar still in the money
Long-term charters keep the profit flowing.
- DVB Bank posts modest profit hike
Shipping finance represents DEM 4.55bn of the company's overall lending portfolio.
- Containership operators prepare contingency plans
Containership operators may cut US West Coast port of calls to avoid increasing backlog.
- Cargoship abandoned off France
Crew airlifted to safety after Panama-flagged Georgios S springs a leak in strong gales.
- U-Ming capesize netted by port state control
Paris MOU inspectors detain 159 vessels during September.
- Tidewater feels the pinch
World's biggest supply ship operator saw net profits slashed in first half.
- Tax boost for Danish ship investment
Ship finance fund raising $210m from private individuals.
- Cargo ferry sinks in Caspian Sea
Contradicting reports on fate of some 51 crew and passengers onboard the vessel.
- K Line eyes extra half billion
Japanese giant expects to earn JPY 0.5bn more than previously forecast in current year.
- Gdynia signs up for loan guarantees
Polish government drawing up finance rescue plan for shipbuilders.
- Korea plans counter WTO claim in shipbuilding row
EU's official request talks under new rules reaches Korean representatives.
- US-bound boxes top 800,000 teu
August's transpacific eastbound container volumes leap on continuing buoyant US consumer demand.
- China softens stance on Taiwan links
Three foreign-flagged ships reportedly make direct passages between two states.
- Mitsubishi faces potential $64m payout
Japanese yard may be forced to cough up late delivery penalty payments to P&O over fire-damaged liner.
- Seabulk inks tanker charter extensions
Florida owner locks in future earnings as independent US refiner Tesoro exercises options.
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