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| MAY 24, 2002 |
Shipping News
- NOL group likely to chalk up bigger loss this year
THE Neptune Orient Lines group is likely to post worse results for fiscal 2002 than its US$57 million loss in 2001 as rates remain low and tanker division profits are squeezed, analysts have warned.
- MPA campaign to check safety code compliance
- OOCL sees hopeful signs of recovery
- Star Cruises deploys ship for Yellow Sea operations
- Daewoo wins rig order
Air and Land Transport
- Air traffic revival to take 'a while', says Boeing CEO
BOEING chief executive Phil Condit said it will take 'a while' for commercial air traffic to return to the levels seen before the US economic decline, and the company expects production to bottom in 2003.
- JAS' full-year profit plunges 58%
- Bristol airport's passenger traffic up 66% in April
- China promotes former pilot to civil aviation regulator
- Computer screens causing UK air traffic controllers to make mistakes
- US airlines propose creating insurer for terrorism risks
- First Afghan plane lands in Amritsar
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| MAY 24, 2002 |
- Data centre set up in Shanghai
- Shanghai agency receives international shipping licence
- Five liners reinstate THC
- Evergreen, Maersk to merge PTP feeder services
- Cargo Express International names agent for Miles
- Viet forwarder plans inland container depot
- NYK inks global e-procurement deal with SeaSupplier
- Alpine launches fresh service in lone star state
- Danzas North America marks 30 years of Alaska service
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| MAY 23, 2002 |
- Solicitor to Amsterdam terminal operator
If the Greek Christos Kritikos is not soon to pay the rent for the Amsterdam container terminal the city of Amsterdam will send a solicitor to Kritikos.
- US Airways hopes for loan guarantees mid-June
US Airways Group Inc. said it does not expect to produce positive operating cash flow in the second quarter due to weak revenue and high costs, and it hopes to apply for federal loan guarantees by mid-June 2002.
- Port of Rotterdam assumes proportion of scan costs
The Rotterdam Municipal Port Management (RMPM) is set to pay the cost of road transport to and from the container scanner on the Maasvlakte port in Rotterdam from 1 July 2002.
- European ports fear of 'safety race'
The European Seaports Organisation (ESPO) has come out against certain ports, such as Rotterdam, where safety is already at a high level being selected and prioritized over others.
- DHL started operations with CargoReservations.com
DHL Worldwide began using the CargoReservations.com service to solicit spot-market bids for its heavy freight export loads from John F. Kennedy International Airport.
- Jet freight isn't checked, US officials told in October 2001
A month after the Sept. 11 attacks, a government report warned federal officials that terrorists easily could plant bombs on passenger jets by shipping them as cargo, but the new Transportation Security Administration (TSA) failed to remedy flaws.
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| MAY 24, 2002 |
- Mainline operators to restructure 2 loops of transatlantic services
- "K" Line to upgrade Asia/PNW service, adds Yantian call
- ECU-Line starts direct service to Niamey (Niger)
- Evergreen Transport to acquire Uniglory
- Cosco Pacific to raise box orders
- With China in mind, NYK re-routes Japan-Bangkok string
- TNWA expanding transpacific service with PSV string
- Maersk Logistics offers drayage tracking
- P&O Nedlloyd places order with new ship management arm
- P&O Nedlloyd & MOL to improve joint service
- Zim enters transatlantic market
- Hamburg Süd orders 2,300 reefer boxes
- Evergreen signs memorandum to operate container terminal in Oakland
- Daewoo yard wins $ 270-m order for LNG ships
- Uniglory reports profit in 2001 ... projects better performance in 2002
- "K" Line expands direct service to Xiamen terminals
- Conferences increase BAF
- APL Logistics extends into Europe through purchase of FSG activities in Hamburg
- Shipping groups seek to raise rates, bunker surcharges
- Asean ports conference focuses on Jakarta’s role as regional hub
- TSA, Evergreen units to discuss rates
- PTP set to enter ‘Top 20’ status
- Dedicated service to Luanda from Nile Dutch Africa
- MISC, IMC in bulk joint venture
- MOL in Algeria LNG venture
- Hanjin to open direct route to China and on to Siam
- Higher capacity could derail plans for rate hike: Shipping lines
- Exmar modifies 3 LNG regasification vessels to be built by Daewoo
- New container port in Dominican Republic
- Contship Containerlines wins awards for Australian services
- OOCL optimistic of cargo jump
- Exhibitors to use TOC2002 Europe as new products launch-pad
- New terminal for Gdansk
- Tianjin to get bigger & better
- Port of Oakland receives new super post-Panamax cranes
- Industry bodies fear border situation will impact trade between India & Pak
- India moves WTO to set up disputes settlement body to look into US, EU textile policies
- Policy changes can lead to processed crude oil exports, says Kochi Refinery CMD
- Rajasthan govt drawing up export policy
- Top trade team to accompany PM to Kazakhstan in June
- AP mango exports set to surge by 35 pc
- Paradip Port confident of handling 25 mt traffic in next two years
- Talks on Indo-US co-operation in civil aviation held
- Concor commences LCL activity at ICD-Pondicherry
- Concor signs MoU with MP govt to promote logistics
- RBI allows SEZ units to buy insurance cover from foreign companies
- Ficci seeks removal of WTO curbs on financial services
- Oriental Bank may be first to set up offshore units in SEZs
- New subsidy scheme for CAMA storages on anvil
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| MAY 23, 2002 |
- US Gulf markets on the rise ahead of holiday
- Steady market in New York and Philadelphia
- ARA market steady, tight MDO till next week
- Tallinn and Great Belt Markets
- Confused pricing in St. Petersburg this week
- Balanced market in Las Palmas
- Congestion and tight product avails in Italy this week, some congestion in Malta too
- Slightly softer trends observed in Gibraltar
- Singapore firm on buying support, tight prompt avails
- Demand picks up in Istanbul
- Healthy supply and demand reported in Korea
- Tight avails in Piraeus on the back of possible strike action
- Good avails in Japan, prices may fall
- Hong Kong quiet with small price fluctuations
- Taiwan posted prices falling this week
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| MAY 23, 2002 |
- Port of Savannah selected for New East Coast China Express Service
- Cargo Express International appointed agent for The Miles Group of Companies
- Lykes Lines adds Italian calls on Gulf-Mediterranean Service
- Swedish Steel for Rotterdam
- Port of Portland marine statistics for March 2002
- Hyundai completes vessel redeployment
- New Asian agents for Air Foyle
- BA World Cargo revenues fall by 12%
- Pliant picks Consolidated Freightways for LTL services
- VARIG flies on down to Rio
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| MAY 23, 2002 |
- Tanker spills not the major source of ocean pollution
it is consumers of oil -- not the ships that transport it -- who are responsible for most petroleum that enters U.S. waters says a new report
- New chairman for FGH
T. Jay Collins has been elected to serve as chairman of the board for Friede Goldman Halter, Inc. replacing J. L. Holloway
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| MAY 23, 2002 |
- Department of Agriculture taps Farrish as Commodity Operations deputy administrator
- Hanjin and partners upgrade ships on Asia to Australia service
- MarAd offers updated report on U.S. shipbuilding and repair sites
- Choat named aviation director at Port of Bellingham
- Tall ships will pass through Seattle waterways on way to Challenge
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| MAY 24, 2002 |
- Statoil pulls plug on Byford Dolphin
STATOIL has terminated its drilling contract with Fred Olsen's Byford Dolphin semi-submersible rig after the Norwegian owner failed to implement adequate safety improvements following a fatal accident in April.
- US Customs agents to be based in European ports
OFFICIALS of US Customs are to be posted to a number of key European ports in coming weeks as part of a pilot project to seek ways of tightening security on both sides of the Atlantic, writes Janet Porter.
- P&O Nedlloyd and APL talks show merger hopes are alive
HIGH level merger talks have taken place within the last month between P&O Nedlloyd and APL, Lloyd’s List has learnt.
- Frontline on verge of clinching deal with BP
Frontline, the world’s largest tanker company, is poised to unveil what appears to be a major VLCC chartering deal with BP, writes Tony Gray.
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| MAY 23, 2002 |
- NKK sets date for yard merger
- Bill to restore US anti-trust laws
- Panama rejects nuclear bill
- Le Havre stresses security measures
- Guyana's PM warns Viceroy
- Caribbean ‘lacks security guidance’
- Bidders seek FSO tender delay
- Have your say!
- Coast guard fires on immigrant ship
- RINA to announce top appointments
- China, Taiwan edge closer
- Orskov crisis eases
- India mulls single maritime authority
- Pollution cover terminated
- Crane makers in new talks
- Frontline and BP in charter talks
- NOL in 'structure' talks with PSA
- Korean yards in recruitment drive
- Bollinger buys Halter Marine yards
- Korean yards set to arrest decline
- Singapore ensures Code compliance
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| MAY 23, 2002 |
- House slates hearing on anti-trust
The House Judiciary Committee has tentatively scheduled a hearing June 5 to examine ocean carrier antitrust immunity.
- Taiwan OKs business to open direct shipping links to China mainland
In a significant policy shift, a senior Taiwan official now says private maritime groups are permitted to discuss with mainland China the restoration of direct transport links severed more than half a century ago.
- Grand Alliance makes new U.S. East Coast-Asia calls
A new service that links U.S. East Coast ports with Asia is making initial calls in the U.S. this week.
- NOL, Singapore in pricing talks
- HP's Gilstrap to retire
- House passes customs authorization
- Continental opens JFK cargo terminal
- Descartes narrows loss
- Revised rules for Lake Charles pilots
- Court blocks SSA Bangladesh project
- TradeCard signs Hi-Tec Sports
- Three rescued by Maersk Sealand ship
- Record salmon haul for Alaska Airlines
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| MAY 23, 2002 |
- DFDS assesses ferry fire damage
Four-week suspension of Gothenburg-Newcastle ferry service is to cost DKK 5-10m.
- New York ferry operator posts net loss
This is despite higher revenues earned in the first quarter.
- Trailer Bridge facing delisting order
The Florida liner company fails to comply with several Nasdaq requirements.
- TMM going ahead with port expansion
The Manzanillo port may serve as a transload Pacific hub center for feeder ships in the future.
- Torm details big newbuilding deal
New takes on new pool partner as it finalises huge panamax tanker bid.
- TEN focusing on firm Mediterranean market
The Athens-based tanker owner may move two of four suezmaxes to that region.
- Ten profit slides
Tsakos Energy Navigation is upbeat about future prospects despite trying tanker times.
- Profit collapse at Awilco
Tanker downturn slashes freight income to a third of last year's level.
- Restructuring of FGH continues
Jay Collins takes over board chairman post at Friede Goldman Halter.
- Maryville capesize detained
Catalogue of serious deficiencies on Gabriel Panayotides linked vessel.
- HMM offers crews World Cup lifeline
Korean owner to show live games on ships during month-long tournament.
- EC objects to Carnival bid
Formal objection invites US cruise giant to defend takeover of P&O Princess.
- Jo Tankers orders in Japan
Norwegian chemical tanker player bumps up newbuilding tally.
- Grim year at Naikai Zosen
Small Japanese shipbuilder saw losses widen to end-March, but expects slim profit this year.
- Inspections pick up hull damage
Paris MOU port state control inspectors hauled in 123 ships during April.
- Terror alert sends cruise ships scrambling
A Caribbean island was off limits for three vessels on fears of a threat against US interests.
- Tanker sale boosts Borgestad
But Norwegian owner has to accept big rate cut to extend bulk carrier charter.
- Profits tumble at Namura
Japanese yard posts reduced full-year earnings, but forecasts massive improvement this time around.
- Hitachi Zosen logs profit
But Japanese shipyard predicts loss this year as merger spin off takes its toll.
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